Working Together to Earn Money From Your Patent

Last checked on:
28 July 2022
Published on:
23 March 2021

Sometimes, there are advantages to working together with another market party when you want to market your invention. For example, this might help you develop the invention further, manufacture it or sell it.

A business partner could contribute knowledge or share their contacts or capital. After all, not every inventor has everything they need to earn money from their invention.

Important to make solid agreements

Be sure to make solid agreements about what will happen to any patents you and your business partner already owned. You should also agree who will receive the rights to any knowledge created through your partnership. Do not forget to agree conditions for when and if third parties may use this knowledge. Make solid agreements about how to divide income and costs.

By making solid agreements, you can prevent situations where:

  • someone other than the inventor from earning money from the invention;
  • a new innovative idea can no longer be protected by a patent;
  • knowledge leaks to competitors (see also confidentiality);
  • the success of an invention is dependent on other parties for no good reason;
  • others fail to see the value of a proposed idea;
  • in case of a conflict between companies of different size, the larger company will always win;
  • delays arise in the development process and the freedom of parties is limited for no good reason.

Anything you leave out of the agreement can become a risk. When negotiating, you should be realistic about your own contribution and the potential earnings.

Questions about patents?

If you need more information on how to apply for a patent in the Netherlands, please contact the public information office.

Commissioned by:
  • Ministry of Economic Affairs and Climate Policy
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