Patents Give You Opportunites for Outbound Licensing

Patents are business tools

Patents are useful only when they give your business options that increase your chances for success.

Patents can be “trading cards” for negotiations. A competitor that might sue you for infringing their patents are quickly settled with a cross license of your patents.

Part of crafting a good portfolio is building patent assets for outbound licensing. In many cases, you solve engineering problems that other people will also face. You have options to package your solutions with some patents, then license those technologies to people inside or outside your market.

A well crafted portfolio gives you business options and widen your opportunity and chances for success.