Lincencing

Obtaining a patent ought not be the last step in commercializing your invention. Unless you plan to hold on to your patent as a deterrent for industry competitors, you may choose one of several paths available to commercialize your patented invention or monetize your patent. The three most common methods available to patent owners are:

to manufacture and market the patented invention independently.

to sell the patent to another entity.

to license the patent to one or multiple entities.