[p. 40]

TABLES FOR ESTIMATING PRICES OF STATE RIGHTS—Continued

States and
Territories.
Price as a Whole.
$1,000$5,000$10,000$15,000$20,000
Kentucky40200375600700
Tennessee30175350500700
Alabama30150300450600
Mississippi30150300450600
Louisiana35175300500700
Texas35175300500700
Oklahoma20100200300400
Arkansas2075150200300
S. Central Division.$230$1,200$2,275$3,500$4,700
Montana15100175250300
Colorado40175350350700
New Mexico1550100150200
Arizona1550100150200
Utah1550100150200
Idaho105075100200
Washington1550100150200
Oregon2075125200300
California50250450700900
Western Division.$235$975$1,800$2,750$3,700
Grand Total.$1,600$7,600$15,000$22,500$30,000

[p. 41]

CHAPTER V

HOW TO CONDUCT THE SALE OF PATENTS

While the inventor may put much hard study upon his invention and make many costly experiments, this part of his work is usually a pleasure; and in securing the patent he invariably has able counsel in his attorney with no anxiety on his part; but with the commercial proceeding of selling his patent, which involves the greatest prudence and care in managing, it is different, and here is where the inventor's real work begins if he expects to reap the benefit of his invention.

Patent-selling Agencies.

For the benefit of unexperienced patentees it is deemed expedient to give a word of warning here regarding the host of so-called patent-selling agencies, which under various imposing titles, coupled with an apparently honest and straightforward method of business, tempt each patentee, upon the issue of his patent, to place the same in their hands and authorize them to negotiate the sale thereof. Their propositions are very attractive and temptingly prepared; their offers appear to be "gilt edge"; their circulars are high-sounding and[p. 42] rose-colored; their contracts are formal looking, and drawn up in an impressive way, highly advantageous to the patentee; but it will be noted in all cases that they will require the patentee to pay down a certain sum under some pretence,—such as to cover the cost of advertising the patent, to have circulars printed, to secure copies of the patent for distribution, to have a cut made illustrating the invention, or for membership fee, and so on, it matters not what, so long as it is an advance fee. Many will also agree to sell both the United States and Canadian patents, if the patentee will file the Canadian application through them; it is evident, however, that this is only a scheme to get the patentee to take out the Canadian patent through them—they having no facilities for disposing of either of the patents.