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
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:
- How much is the patent process going to cost, and
- 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.
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