Ruttler Mills PLLC

Seattle Patent Attorneys and Trademark Lawyers

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New Patent Licensing Option

Posted Sunday, January 4, 2015 by Jim Ruttler

Jay Walker is most well known for being the founder of priceline.com. In the past few months, I’ve been hearing about a new idea he had for matching businesses with patents. Well, today I discovered the website for his new venture and it is very interesting: https://uspatentutility.com/.

Generally, it is a way for small and medium size businesses to licenses patents in their field and for patent owners to hook up with those businesses to realize licensing revenue for their inventions. For inventors, this could be a huge development for enabling monetization of their ideas. The service allows inventors with patents to post their patents for licensing or sale and they even offer advance royalty payments based on a reasonable $1k-$2k per year estimate. While low, this amount appears to be guaranteed and could be exceeded based on the demands for the particular patents.

New Patent Licensing Option ›› Ruttler Mills PLLC