Seattle Patent Attorney | Seattle Trademark Lawyer

Ruttler Mills PLLC

Seattle Patent Attorneys and Trademark Lawyers

206-838-6400 Complimentary 15 Minute Consultation

New Patent Licensing Option

Jim Ruttler, Patent Attorney

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.

Ruttler Mills PLLC
One Union Square, 1730, 600 University Street, Seattle, Washington 98101 US
47.6097570-122.3321200
Phone: (206) 838-6400

News and Announcements

Tuesday, January 24, 2017
More Rumors and No Answers Regarding Director Lee learn more +
Thursday, January 19, 2017
Michelle Lee Rumored to Be Staying as PTO Director learn more +
Tuesday, August 30, 2016
U.S. Patent Office: China Is Working Toward Strong Patent System learn more +
Tuesday, June 14, 2016
Supreme Court in Halo: Treble Damages are Back learn more +