How can you optimize your patent application for licensing and monetization?
If you have a great idea for a new product or service, you might want to protect it with a patent. But a patent is not only a legal shield, it can also be a valuable asset. You can license or monetize your patent by granting rights to others to use, make, or sell your invention in exchange for royalties or fees. However, not all patents are equally attractive for licensing and monetization. How can you optimize your patent application to increase your chances of success? Here are some tips to consider.