1. Money
You can opt-out at any time. Please refer to our privacy policy for contact information.
Mary Bellis

Does an Inventor get Paid when a Patent is Granted?

By December 1, 2013

Follow me on:

patent number 1A patent does not guarantee monetary success by itself. An inventor gets paid by either selling the invention or by licensing or selling (assigning) the patent rights to someone else. Not all inventions are commercially successful. The invention may actually cost the inventor more money than he or she makes unless strong business and marketing plans are created. The drawing to the right is of Patent No. 1 issued on July 13th, 1836, to inventor John Ruggles for traction wheels. Provided by USPTO.

June 29, 2009 at 4:23 pm
(1) Jay Wieland says:

Dear Bob DeMatteis:
I took your course at Sierra College. I have a great idea and would like to get this idea to market. I have completed the Quick Start Guide and do not know how to take to the next step. You mentioned to the class that partnering is the most important key to an inventors success. I would love to partner with you as I have a great idea for child safety.
I have the idea and know that with your great expertise in bringing products to the market place that we can be successful. Please contact me if you are interested in partnering with me. My contact information is: Jay Wieland, 6757 Olive Point Way, Roseville, Ca 95678. and my cell phone # (916) 622-4215. I look forward to meeting you again and hope that this might be the start of a long business relationship. Sincerely, Jay Wieland

February 1, 2012 at 7:21 am
(2) tony lowery says:

NO ONE TELLS YOU, as I found to my cost . The first step EVERY TIME is to pay for a search to be carried out. This will tell you if your invention has any creadance and will save you losing any more money to the multitude of ‘predators’ out there. In UK search will cost you about £800.00 and is essential to do at the beginning, not after you have been fleeced of thousands for marketing drawings etc, etc.

January 3, 2013 at 2:08 pm
(3) Stephen Powers says:

By filing for a Patent and receiving a Patent, you establish ownership of an idea similar to the way a “title” does for a car or a “deed” does for real estate. Like other forms of property, patents are valuable assets and can be bought, sold, leased, used as collateral for loans, and even inherited.

Maintaining a competitive edge in today’s “idea economy” requires effectively guarding your intellectual property rights through the use of US Patents. The core value of most businesses isn’t in land, equipment, manufacturing facilities, or other physical property. Today, the most valuable assets of many companies are knowledge-based intangible assets such as proprietary know-how and the innovative application of new ideas or methods of doing business.

At Gulf Coast Intellectual property group we offer free consultations and a no hidden fee structure, you can get a design patent with everything included,( filing fee’s ,formal drawings,research) for only 1400 total price

Give us a call today
Gulf Coast Intellectual Property Group, LLC
5450 Bruce B. Downs
Suite 355
Wesley Chapel, FL 33543

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>
See More About
  1. About.com
  2. Money
  3. Inventors

©2014 About.com. All rights reserved.