In order to be able to sell or license your invention, you will need a patent. A patent is your deed to your invention. Having a patent allows you to prevent others from manufacturing, importing, exporting, selling, offering for sale advertising, or using your invention without your permission.
Most inventors make money from their inventions by licensing their idea. This means granting permission to do some or all of the above in exchange for a fee or a percent of gross sales. Alternatively, an inventor may sell his, her, or their patent outright to a buyer, or gift it to a loved one. In this way, patents are considered real property similar to a house or car.
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