Licensing and Other Forms of Commercialization

National Trademark Attorney Dale J. Ream Is Your Inventor Mentor

Licensing

A license agreement is a contract that permits a person or a company other than the owner of the patent to make, sell, import, etc. - in other words, all the things a non-owner is generally prohibited from doing - as if he were the owner, in exchange for paying royalties to the patent owner. This is often a good option for a patent owner who may be unable to fully exploit the value of his patent on his own. Large companies also choose to license some of their patents as a means to bring in royalty revenue from a non-core aspect of their business.

Commercialization

Commercialization of a patent owner's rights encompasses licensing and many other means for generating revenue from the patent asset, such as:

Direct manufacturing - Another means by which an individual inventor may profit from his invention is to take it directly to the market in the same manner that small and large businesses do. In today's age of fast global communications and the low cost of early manufacturing, an individual should investigate obtaining product samples or small inventories, often through international manufacturers. Dale J. Ream has a wealth of connections that can help inventors to obtain prototypes, product samples and product inventories, along with starting websites to sell directly to the consuming public. With Ream Law, the individual inventor is not alone in navigating the development highway.

Patent purchase - Sometimes a patent may be purchased outright because it is so similar to a new product being readied for market by another company. We have brokered the outright sale of a client's patent when neither licensing nor direct manufacturing was possible. In each instance, the patent sale was pursued after other avenues of commercialization undertaken by the inventor had proven unsuccessful.

Patent monetization - In recent times, patents are increasingly monetized by being purchased by entities who create large patent portfolios in order to bring new innovations to market that may otherwise infringe one or more patents. Ream Law is on the cutting edge of this rising phenomenon and continues to increase his networking connections in this area for his clients benefit.

National Trademark Attorney Dale J. Ream

The nationwide lawyer who can advise on patents, trademarks, copyrights, licensing and manufacturing of an invention — and guide your unique product concept from idea to reality — is Dale J. Ream, founder of our Ream Law Firm, L.L.C.

With more than 15 years of experience, Mr. Ream is SO much more than just a patent attorney. He is an "inventor mentor," providing a broad range of legal services, product development guidance and business counseling on a variety of topics to his independent inventor clients. He assists in obtaining the appropriate legal protections to enable his clients to take the necessary steps toward market introduction of their products or services.

Your free initial consultation with nationwide intellectual property attorney Dale J. Ream is as close as your phone or e-mail. Contact the Ream Law Firm, L.L.C., at 785-214-4137.