Profit From Your Idea: How to Make Smart Licensing Deals

Profit From Your Idea is a comprehensive, easy-to-read guide to finding and negotiating licensing deals to make money from your invention.

You've got a great idea that you think has commercial potential. But finding a partner you can trust, hashing out a fair licensing deal, and getting your idea to the marketplace can be tricky. Profit From Your Idea explains how to minimize risks and maximize the chances of earning a profit.

This layperson's guide streamlines the licensing process, enabling inventors to make a smooth transition from innovator to licensor. In this book, learn how to:

• sort out ownership rights
• protect legal rights and trade secrets
• find and solicit prospective licensees
• work effectively with licensing agents
• negotiate and draft licensing agreements, and
• navigate post-agreement changes and issues

ISBN-13: 9781413331196

Media Type: Paperback(Eleventh Edition)

Publisher: NOLO

Publication Date: 10-31-2023

Pages: 456

Product Dimensions: 7.00(w) x 9.00(h) x 1.25(d)

Attorney Richard Stim specializes in small business, copyright, patents, and trademark issues. He is the author of many Nolo books, including Music Law: How to Run Your Band's Business, Patent, Copyright & Trademark: An Intellectual Property Desk Reference,. and Profit From Your Idea. Stim regularly answers readers' intellectual property questions at Dear Rich: An Intellectual Property Blog.

Table of Contents

1. Gearing Up to License Your Invention 2. Intellectual Property Protection 3. Ownership Issues for Inventor Employees 4. Invention Financing and Joint Ownership 5. Licensing Agents and Representatives 6. Soliciting Potential Licensees 7. Protecting Confidential Information 8. The Key Elements of Your Agreement 9. Money: It Matters 10. Negotiating Your Agreement 11. Sample Agreement 12. Warranties, Indemnification, and Proprietary Rights Provisions 13. Termination and Post Termination 14. Boilerplate and Standard Provisions 15. Service Provisions 16. Handling the Licensee’s Agreement 17. After You Sign the Agreement 18. Help Beyond This Book Appendix: How to Use the Interactive Forms Index