If you have someone that wants to purchase your provisional patent it will be up to you to name your price. If you decide to go through with selling your patent, you must make sure that there is a contract providing for you to get royalties from this product. Meaning, every time the Buyer makes money, you make money also. I highly suggest that you have an attorney review any contracts you sign. If you are not able to pay for a patent attorney, then there are legal aid services in your local area that will get you in touch with one for either free or a reduced rate if you qualify.
Answered on Aug 19th, 2011 at 8:28 AM