Patrick Richards explains that, while you do not necessarily need a patent to sell your invention, if you plan on selling the intellectual property rights associated with your invention (for example, licensing of computer software), you realistically need a patent. The reason for this, according to Mr. Richards, is that a patent gives you an exclusive right; products heavy in intellectual property simply have no sale value absent this right to exclude.
- Summary by FizzLaw Team
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Do I Need a Patent to Sell My Invention?