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What Every Engineer Should Know about Inventing
book

What Every Engineer Should Know about Inventing

by William H. Middendorf
July 2023
Beginner
168 pages
4h 21m
English
CRC Press
Content preview from What Every Engineer Should Know about Inventing

12 Preparing to Sell Your Invention

If you are fortunate enough to own the rights to your invention you will want financial gain from it. One plan you might consider is to start a business manufacturing and selling it. More will be said about this later. By far the majority of inventors who own patents want to sell their right to established businesses. The thrust of this chapter is to alert you to some of the problems involved.

Selecting a Licensee

The most important fact for an inventor to keep in mind as he tries to sell his invention is that it must be compatible with the licensee’s marketing, production, and engineering capacity. This is difficult advice for an inventor to follow. Specifically, the fact that the invention is an electrical ...

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Publisher Resources

ISBN: 9781000939217