You’ve licensed your invention. Now what?

We are often approached by our clients asking, “How long does it take to negotiate a licensing agreement for my invention?”

Negotiating a licensing agreement can take a lot of time, months even. And that’s because it’s not always easy to come up with an agreement that satisfies your demands and the demands of your licensee. But what’s worse than waiting a few months to develop an effective agreement is rushing into one that you don’t fully understand or aren’t fully comfortable with.

Find someone to help you because it can be a little overwhelming. I recommend hiring an outside consultant who is familiar with the process. Be very cautious, but try to see everything from their perspective as well as your own.  New Product Consulting has helped many inventors through the licensing process.

If you have an idea or invention you feel strongly about submitting to potential licensees please visit us at New Product Consulting.

Advertisements
This entry was posted in Inventing Tips and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s