Patentee

Definition and stakes

Franklin Allison Cresee,  Practical Pointers for Patentees

“ Selling Outright.
Many inventors prefer to sell their patents outright; that is, in consideration of a specified sum of money the patentee assigns his entire interest in the patent, in the same manner that a person would sell a piece of real estate. This is a very good method and one of the quickest ways for the patentee to turn his invention into money, though it must be remembered that to sell a patent outright is usually for a very much smaller sum than could be realized if handled by other methods.
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Source: Gutenberg

Franklin Allison Cresee,  Practical Pointers for Patentees

“ If the patentee has a really good invention, often he cannot do better than to retain the patent and work it himself, in case he has the ability to do so. If he cannot conduct the manufacturing alone, he may be able to secure a partner with just sufficient funds, and equal common sense and business acumen, to add the necessary elements to the firm to achieve success. ”
Source: Gutenberg

Joseph P. Bradley,  The Corn-Planter Patent — Opinion of the Court

“ Where a patentee, after describing a machine, claims as his intention a certain combination of elements, or a certain device, or part of the machine, this is an implied declaration, as conclusive, so far as that patent is concerned, as if it were expressed, that the specific combination or thing claimed is the only part which the patentee regards as new. ”
Source: Wikisource

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