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Anybody sold an equipment patent?
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3pete
Posted 7/6/2020 12:59 (#8357355 - in reply to #8357302)
Subject: RE: Anybody sold an equipment patent?


WCIN
A business partner and myself sold some patents to a well know short line manufacturer a few years ago. We had several companies trying to copy our product and we felt that us being a couple of farmers trying to manufacture we would soon get run over.
The district salesman for the company we sold to mentioned to his higher ups that our product would fit well into their lineup so we didn't have to go out beating the bushes to find a buyer.
Before disclosing any information to anyone make them first sign a non-disclosure agreement.
We were lucky enough to have found a local retired patent attorney that took us on for cheap to have something to do.
The big name patent law firms were stupid on their prices for the legal work.
You can do your own preliminary patent search for free as their are online sources available. Do this before spending a lot of money on a detailed search.
Good Luck!
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