An independent inventor/entrepreneur had one patent, and came to GMI with disclosure of new idea in the same field. GMI performed a patent search, and found a very closely related issued patent – a better version of the inventor’s concept. Initially, the inventor was discouraged, before GMI suggested inquiring if the patent was available for licensing or assignment.
GMI approached with the patent owner (thus keeping the client anonymous), finding that the patent represented dormant technology for the company. They were interested in selling all rights to the patent. After connecting GMI’s client to the company, a deal was struck for sale of the patent.
The client purchased a patent, without the costs and uncertainties of filing a new patent application. Moreover, an in-force patent allowed the client to pursue his business interest immediately, without the patent-pending limbo period.