How and when will i know how valuble my patented idea is? -

i have invented something that may be the talking point of the restaurant world, however its early days and we have already sold a good deal even before i have started to manufacture it, how do you really know how valuble your idea is, do you just sitback and wait for the offers to come in? or is there another way to find outregardsmike

Your idea is as valuable as someone will pay for it =) If you re looking for an actual number, do an analysis like this:Amt. money it will earn or save a company per unit, times number of units required for most efficient utilization, minus 20-40% (their profits); that s the value. Don t have those numbers? When you get an offer ask for the reasoning behind the offer. And ALWAYS make sure you get royalties if you re licensing it. Talk to a patent attorney, they ll be able to help you out and won t steer you wrong (cuz hey, if you don t get paid neither do they =)Good luck!