You have a patented product and competitors are interested therein and you wonder if you should sell or license the patent for that product?
The strategy for taking a decision on selling, licensing or keeping the patent, should start by assessing the real value of the patent, and for this purpose, it is advisable to hire a company specialized and experienced in conducting economic evaluations.
Such decision should also be considered bearing in mind the different characteristics of the patentee, i.e., if the patented product is associated to a company, the damages and/or advantages that a definitive sale, a license or implementation of the product concerned may cause to the company production should be assessed. Read more