Selling Intellectual Property
Selling your intellectual property (IP) is one of the ways of how you can monetize your creations. Advantage of selling IP in comparisson to licensing it is that you are most probably going to get more money right away than you would get by granting license to it. However it also has some disadvantages such as you no longer have control over your IP if you sell it. But in some cases careful sale of IP can also save you money in the case when you, for instance, do not have enough finance to maintain your IP or your creation just needs different „environment“ to grow. Always be careful when deciding between IP sale or licensing.
When discussing about sale of your IP with potential buyers always be covered by confidentiality agreement and especially when discussing the sensitive information. Otherwise you may expect someone to „borrow“ your ideas at best. In the worst scenario, someone can even make your ideas to become his own and sell them as his own. Always put the protection of your creations and ideas at the first place.
But where do you find proper buyer for your IP? Most people find the relevant buyer easily because usualy when you work in certain segment for some time, you probably have some contacts and if your IP is useful and „saleable“ then you will have your prospective buyer really soon just by asking around. If this is not your case you should start looking for other options.
We recommend looking online for IP marketplaces. It can be difficult to find the suitable option for you at the start, but you can always find a professional counsel if you are not sure whether or not you are going the right way. You can find the list of some online IP marketplaces here.