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I Created a Mobile App—Should I Market It or Try to Sell It to a Big Company?

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Joe Escalante
Hi Joe,

I created and published a mobile application that is published on iTunes and GooglePlay. HEIRLOOM is a mobile will creator that evokes the camera to capture images and allows the user to auto-populate the items into the specific bequests. I have a provisional patent filed.

Question: Should I market and pursue this business or pitch it to LegalZoom, Nolo Legal or another of the big boys in this industry? If so how do I get the info to the prospective buyer?

– Timothy Rizan

 

Barely Legal Radio w/ Joe Escalante

Hey Timothy.

That’s not so much of a legal question as much as a business strategy question. Should you invest money and keep all the rewards? Or let someone else invest their money and keep only a part, which might be bigger than 100% of what you get from doing it on your own?

It’s an age-old question. First thing I would do is to talk to an experienced patent lawyer to see two things:

  1. How much is the patent process going to cost, and
  2. What is the marketplace like for something like this.

A good patent attorney should know a little about the marketplace so he’s not wasting people’s money.

Good luck.

Attorney Joe Escalante answers your legal questions for free on our Facebook page every Tuesday and Friday at 10 a.m. PT.

 

The advice Joe gives is general; it is solely his opinion and not that of LegalZoom. He is a licensed California Attorney with years of experience; users from other states should take care to review the laws in their own states. LegalZoom is not a law firm. This free service is intended to get you headed in the right direction, not to replace an attorney. This is a public forum. No attorney-client relationship is formed with Joe, or LegalZoom, and the attorney-client privilege does not apply. LegalZoom does not verify, validate, or confirm the advice given by Joe. LegalZoom cannot guarantee the quality, or reliability of any legal advice provide by Joe.

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Written by

March 28th, 2014 at 10:57 am

Posted in Legal News