What is the Process of Selling a Patent–How Long Does it Take?
On average, like any significant business transaction, the process of selling a patent takes around nine months. The first three months is spent preparing the listing and marketing materials and distributing them out to potential buyers. The second three month period is spent promoting the listing, providing interested buyers with additional information and negotiating the terms of a potential transaction. On average, terms are agreed with a buyer after 6 months has elapsed–much of this time is taken up by the buyer evaluating the patent, setting a value and negotiating with the seller.
