Sell your IP right

You have created something new and have protected your invention with a patent, a trademark or a design right. However, you struggle to turn your invention into a viable business, perhaps because you lack capital to develop your idea.

One way of overcoming this is to sell or license out your IP right.

Selling or licensing out an IP right can be a win-win situation for both the seller and the buyer. As a seller, you will get a financial reward for your efforts and a chance to see your invention become a product on the market. On the other hand, the buyer (for instance a larger company) can renew their portfolio of products, be innovative with a limited effort and (hopefully) make money out of co-operating with you.

An example

Say you are a creative person, who has developed a high-quality leather bag and have protected the design with a registered design right. One way of creating a business is by going the traditional way, which includes the development or design of your product, production, marketing, selling, administration etc. However, as a designer, your strength and focus typically lie in the creation of something new. Building and managing a business on a daily basis is something else and you might be faced with the fact that penetrating the market as a start-up company is difficult.

An alternative way of getting your product to the market is by entering into co-operation with a larger, more established company. This will give you access to e.g. production facilities, logistic, marketing knowledge and access to customers. The cooperation agreement could include you selling the right to the idea or product or you could enter a license agreement. In these situations, you will receive either a lump sum of money or payment on a continuous basis. With license agreements, you retain ownership of your product or idea, whereas you no longer own your product or idea if you sell the IP-right.

 

Sell your IP right

Do you want to sell a patent, trademark or design? Then create a listing on IP Marketplace.