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Licensing your patent to a business: This is the preferred method of most inventors who have technical backgrounds and who also own the patent. In this option, you license your patented invention to an existing business for which your invention would be a profitable venture and after each sale or after a certain period of time, you will be paid royalties for your patent. We advise you to read about how to license my patent. Terms of payment and percentage will be determined by general agreement between you (the patent owner) and the company (the licensee). ”Another option would be to sell the patented invention.

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