LQP Ask The Patent Attorney: How Can I Monetize My Patent Assets?

Author

Craige Thompson

Craige is an experienced engineer, accomplished patent attorney, and bestselling author.

Table of contents

✎Executive Summary1 min read

Key Takeaways

Craige analyzes the Michael Powell v. Home Depot case to answer one of the firm’s most frequently asked questions: “How can I monetize my patent asset?”
The case study approach lets viewers see monetization principles applied to a real, concrete legal dispute rather than in the abstract.
This episode is part of Thompson Patent Law’s Ask The Patent Attorney series addressing common questions from inventors and patent owners.

The Bottom Line: The Michael Powell v. Home Depot case offers a real-world lens on how a patent owner can approach monetizing a patent asset.

Summary: In this episode of Ask The Patent Attorney, Craige analyzes Michael Powell v. Home Depot to answer one of our most frequently asked questions, “How can I monetize my patent asset?”

Complimentary Patent Needs Assessment

What Does Patent Pending Mean? (And What It Doesn’t Protect)

What does patent pending mean? Not that anyone has to stop copying you. Here's what the label

Patent Maintenance Fees 2026: What You Owe, When, and What Happens If You Miss One

Patent maintenance fees 2026 fall due at 3.5, 7.5 and 11.5 years. Miss one and your patent

USPTO AI Inventorship Guidance: What Changed in 2026

The USPTO AI inventorship guidance changed in late 2025. Here's what changed, why, and what to document