• February 2019
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How do I get a company to buy my invention?

My answer to How do I get a company to buy my invention?

Answer by Raad Ahmed:

Great question and congratulations with making it this far with your invention! It’s difficult to license your invention without seeking patent protection first. So – I would spend the money to patent it before going out and licensing. Although utility patents can be pricey, the investment is well worth it for a unique product. There are other steps to take other than securing a patent though.

I would suggest compiling a list of manufacturers that would be interested in your product. Googling keywords is always a wise first step. You could also try your local library, which should have some resources helpful for your search. After spending ample time researching possible suitors, it’s time to write a business plan. The United States Small Business Association provides a free guide on how to “Write Your Business Plan.” As you can see, it is a pretty hefty project to undertake though!

I think you should take a look at what we have to offer at LawTrades. Bringing in a lawyer to help represent you in preparing a patent application and during precious licensing negotiations can save you money in the long run. We have helped many entrepreneurs connect with talented, affordable commercial and patent attorneys. Simply visit our site, answer a few questions, and we’ll connect you with a top patent attorney for a free initial consultation. Our platform offers flat-fee pricing and our prices are much lower than law firm pricing. Lastly, feel free to shoot me a message with any questions you have. Good luck!

How do I get a company to buy my invention?

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