BENEFITS OF A PATENT
Patenting your invention also allows you to prevent others from making, using or selling your invention throughout the United States without your consent. A patent is also one of the few assets that can increase in value over time. A patent also increases the value of your business because it is considered a valuable asset by banks and potential purchasers of your business.
There are many ways to financially benefit from a patent. Your patent may be sold outright to another for monetary remuneration. You may also license your patent to one or more parties for a percentage of the sale price. You may also be the exclusive manufacturer of your invention. Whether you are a business or an independent inventor, a patent is a valuable asset and is needed to protect you from unscrupulous individuals who could benefit from your hard work.
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