Can I sell my patent?

Yes, you can sell your patent in Indiana. A patent is a property right granted by the government to inventors. So, just like any other type of property, you can choose to transfer ownership of your patent to somebody else. This is done by signing a document known as a Patent Assignment. A Patent Assignment transfers all of your rights as the inventor of the invention to another person or company. By signing the Patent Assignment, you are agreeing that the new owner has exclusive rights to make, use, and sell the patented invention. It also means that you are no longer allowed to do any of these things without their permission. Before you decide to sell your patent, you should first consult a patent attorney for legal advice. This is necessary because there are a number of important considerations that need to be made before you can transfer ownership of your patent. An attorney can help you make sure that you are not waiving any rights by signing the assignment and can also help you negotiate a fair price for your patent. When you are ready to move forward with selling your patent, you will need to register the assignment with the United States Patent and Trademark Office in order for it to be legally binding. The assignment must contain certain information, such as the names and addresses of both parties signing the agreement, the title of the invention, the date of the assignment, and a description of the invention. In conclusion, you can sell your patent in Indiana. You will need to have a Patent Assignment drawn up by a patent attorney and properly registered with the USPTO in order for your agreement to be legally binding.

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