Expert's Advice on Real Estate and Money

Professional partners improve your credit chances

Professional partners are a special category of partners. They do not invest money. Instead, they invest their professional services in exchange for a share of your invention or your business. Patent attorneys, patent agents, professional prototypers, accountants and contract attorneys all have the potential to be a professional partner. Before you get too excited that this will be a way that you can dramatically decrease your expenditures, be forewarned that professional partnerships are hard to come by. Some independent inventors think that when their patent attorney sees their great idea, he will eagerly barter his services for a share of the invention. This is rarely the case. Keep in mind; patent attorneys earn their living by seeing inventions every day, all day. They couldn’t make a living if they traded their services for a share of each invention that came across their desks.

We have heard of cases where a patent attorney did become a professional partner to an inventor but these cases are extremely rare. We mention it here only because it does happen on rare occasions and it may be worth it to you to suggest it if the individual you are working with indicates a strong enthusiasm for the invention. It is something that every patent attorney or patent agent has had suggested to him at one time or another. It doesn’t hurt to ask. and he will not be offended if you ask, but don’t get your hopes up.