How to Sell a Patent
Now that you have patented your invention, you may decide that the best way to make money is to simply sell a patent or invention idea. This strategy has some benefits, because it allows you to work with experts who have access to funding and markets.
The two primary ways to do this are to license your invention, or to sell it outright. Both allow you to sell your product without having to do all of the marketing and distribution yourself.
If you sell your patent, it is called “assignment” by the United States Patent and Trademark Office, you give all of your ownership rights to someone else. You will be paid according to your contract, but you won’t have any further control or involvement with your invention.