Option 1: Selling the Intellectual Property

The objectives of this approach are: to realize the value from the under-utilized intellectual property, maximize the value received, accelerate timing of receipt of revenue, transfer maintenance fees and other costs of ownership to buyer, minimize possible recourse to the seller, and possible license back to cover R&D or use.

The concerns of using this approach are: need to find a buyer, no gain by current intellectual property owner from future commercialization and development, evaluation of commercial viability may differ between intellectual property owner and potential acquirer, establishing value potential to potential acquirer is based on limited strategic information, and future product lines will be lost to the current intellectual property owner.