Browsing Tag

licensing

6 posts
product licensing deal
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10 Tips for Landing a Product Licensing Deal

When you’ve got a great idea for a product, there’s an important decision to make right up front: Do you want to build a brand new company from the ground up in order to commercialize the product, or do you sign a product licensing deal with a preexisting company that already has the resources in...
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The Benefits of Patenting: When to Protect Your Inventions and Why

Patents are one of the ways to keep track of the immense advancement of our society. According to IFI Claims, 2019 saw a new record of patents granted by the US Patent and Trademark Office – a staggering 333,530. Given proper infrastructure, these ideas can become game-changers. One big idea can make or break bottom...
licensing
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Four Things to Include in Every Licensing Agreement

Licensing Agreements: Using factors that can work in your favor Creating a licensing framework is a complex process because everyone involved wants to benefit from the arrangement. In my experience, you can best protect your intellectual property if you craft the agreement in such a way that you are paid a commensurate amount of money...
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What do I need for a start-up?

What do I need for a start-up business? A financial checklist Venturing out and starting your own business can be a dream come true, and being aware of what you can do to help your business thrive is an essential part of being an entrepreneur. According to government statistics, around 127,000 new small to medium...
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Can You Earn Royalties On Your Invention?

Believe it or not, it’s not as hard as you may think to land a royalty deal on a product invention…provided you have a truly “good” idea to start with, and you have some important steps completed before approaching companies. To begin, let me step back and explain what I mean by “royalty deal”, which...