Ok say i came up with an inventions like
a car engine that runs on air or something
but i dont want to sell the right to just honda or just BMW
is it legal to sell them the right to use it but not sell it to another company so I still own it. So they pay me a first payment like 300 million dollars and then 30% of the profits they make on each of the cars they sell with my engine.
But then I do this with like 45 other car companies?
2007-06-11 10:15:59 · 9 answers · asked by prnszcrtny 3 in Politics & Government ➔ Law & Ethics
Yes. It's called Licensing the Patent. Perfectly legal and its done all the time. For that type of cash though, they will probably want an exclusive. Quite frankly, they dont do so hot money wise, so if they made an offer for the patent itself, I would sell the patent itself off for some big money.
If you have a new engine type, you may wan to sell it to the oil companies instead. They are the ones that own most of the engine patents, especially all the air-burners and water burners and what not.
2007-06-11 10:34:57 · answer #1 · answered by MrKnowItAll 6 · 1⤊ 0⤋
It's not really a question aof legality.
If you file for and recieve a patent, nobody can use that technology or idea without your approval. So you go to the car companies that want this invention and make a contract for however many million at signing and so much percentage of the income that results from your product.
You can do this with as many companies that want it, but remember many car companies are really just brand names of a bigger company - they can share in their subcompanies.
It is entirely legal for you, but one company may find a loophole that reduces your gain from your invention.
2007-06-11 17:23:41 · answer #2 · answered by teh_popezorz 3 · 0⤊ 0⤋
You'd be licensing the patent. Some companies may only want to do an exclusive license, and you'd certainly get less per company if you don't do an exclusive.
2007-06-11 17:19:03 · answer #3 · answered by Anonymous · 1⤊ 0⤋
first you have to patent the idea and provide a working model, I believe, to the patent office
once patented you can do whatever you want, with your attorney's permission
however, you may need to negotiate your sales idea
if you have no takers - you have a great patent and we still eat at McDonalds
c' ya
2007-06-11 17:19:57 · answer #4 · answered by tom4bucs 7 · 1⤊ 0⤋
Yes.
2007-06-11 17:19:03 · answer #5 · answered by Cowboy_Bebop 2 · 1⤊ 0⤋
If you patent an invention, then yes.
2007-06-11 17:19:12 · answer #6 · answered by TheEconomist 4 · 1⤊ 0⤋
For legal advice and legal information, go to this blog
http://usa-legalcare.blogspot.com/2007/05/legal-care-by-legal-experts-click-here.html
2007-06-13 08:10:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yes you can sell them "rights"
2007-06-11 17:19:01 · answer #8 · answered by davmarti1234 2 · 1⤊ 0⤋
That's kinda iffy...I don't think so.
You'd be really, really, really rich if you had the companies bid against one another, though.
2007-06-11 17:19:31 · answer #9 · answered by Betty 3 · 0⤊ 2⤋