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Practical Suggestions on the Sale of Patents

Practical Suggestions on the Sale of Patents

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Excerpt from Practical Suggestions on the Sale of Patents: With Forms of Assignment; License, Contract, Power of Attorney to Sell Rights, &C. Many of Them Original

Having made a really meritorious invention, and having secured a patent thereupon, the battle of the inventor, who would sell his patent, is but just begun. Heretofore he may have done some good skirmishing, but now he must face the music of solid battle.

All along till now, from the first crude conception of the invention, on through its various stages of trial and experiment, till the device stands forth completed, and yet on through the ordeal of the Patent Office, till its parchment, ribbon and seal assure the inventor of its protection, he is usually sustained by an enthusiasm which suffuses his whole being with its rosy flush. In a sort of vague way, it has, all along, seemed to him that when his patent should issue, his labors would be clone, and he would thenceforth rest on his well earned laurels. Not that the situation has thus stood forth in his mind, clearly and sharply defined, for it rarely occurs to an inventor to seriously consider upon what will be the state of affairs at this juncture, till the progress of events brings him to it, but the cloud which hovered over this bit of promised land roughly assumed this shape.

When the inventor has finally received his patent, and read and re-read it some dozens of times, it begins to occur to him that he will just thrust in his sickle and reap a little of the golden harvest, which imagination has, all along, been sowing for him.

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