Law Articles - Sell Idea or Invention for Profit and Let It Work for You
Every American company is in the market for great consumer product ideas. That is why many inventors do nothing but sell idea or invention for profit to those companies. Selling or licensing your idea and receiving royalties is a wonderful way to dedicate one's life to creative solutions. An inventor who sells an idea or invention for profit to a manufacturer shifts all the risks of commercialization to the latter. No need to seek investment funds, to develop a manufacturing process, to build a prototype, to test the market... Just sell idea or invention for profit and leave all that to professionals. If you do that you will be left with enough time to create many more ideas. And, of course, sell idea or invention for profit to the same - or different - buyer.
The United States history knows numerous examples of inventors who sell idea or invention for profit and received royalties through their entire life. Every year manufacturers pay many millions of dollars in royalties to those inventors who decide to sell idea or invention for profit. This arrangement is equally convenient for both parties to the deal because as a result of selling ideas inventors get rewarded for their creativity and free their time to do what they enjoy most: invent. And manufacturers get a developed idea of a new and original consumer product which can be produced in quantities and put on the market in no time and bring profits to both parties.
Beware: to sell idea or invention for profit is not something that is done quickly and easily. Creating an idea is just the first step. Your intellectual property must be protected, a purchaser for it needs to be found, a license agreement should be negotiated and drafted, the flow of royalties controlled. But don't worry: if your idea is found promising and you retain our services, we'll do all that for you. So the only thing you do will be to create an idea. We will help you to sell your idea or invention for profit and receive royalties.
Looking for more resources about Sell Idea or Invention for Profit? For more resources about Sell Idea or Invention for Profit, please review this page http://www.braindrainlaw.com/en/Licensing.aspx
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