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5 Things To Avoid When Signing A Licensing Agreement

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inventRightTV

inventRightTV

Күн бұрын

Congratulations you finally got your licensing agreement. Now, be very careful to read it thoroughly because there’s going to be things in there that you need to watch out for. Please watch this video!
Learn how to make money from your ideas.
Free Resources to help you sell your ideas: inventright.co....
Do you need help? inventright.co...
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Call: +1 (650) 793-1477
Hi, this is Stephen Key and Andrew Krauss. We are here to help you make money from your ideas. We started our company inventRight over two decades ago to teach people how to license (aka rent) their ideas to companies in exchange for royalties.
This process is called “product licensing.”
On our channel, we show you exactly how you to take an idea and license it to companies in exchange for passive income.
Today, you do not have to start a business to make money from an idea.
With product licensing, you don’t have to write a business plan, raise money, manufacture, market, sell, or distribute any longer.
Visit our website inventRight.com for more information.
If you have a product idea and need some help, please contact us at:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: support@inventright.com
Email us:
stephen@inventright.com
andrew@inventright.com
Learn how to start a business, how to become an entrepreneur, how to protect intellectual property, how to patent an invention, how to stop people from stealing your ideas, how to prototype an idea, how to contact companies looking for ideas, how to design a product, how to make a sell sheet, how to make a promo video, how to negotiate a licensing agreement, how to get a higher royalty rate, how to do market research, and how to work with inventRight.
Stephen Key and Andrew Krauss are the cofounders of inventRight, a coaching program for entrepreneurs that has helped people from more than 65 countries license their ideas for new products. They are also the cofounders of Inventors Groups of America, an organization that hosts a free, popular monthly educational meeting for inventors online. They have more than 20 years of experience guiding people to become successful entrepreneurs.
New videos every week, including interviews with successful entrepreneurs. Learn from the best! Pitch us your story to be featured on inventRightTV: youtube@inventright.com.
Get your own inventing coach by contacting inventRight at #1-800-701-7993 or by visiting www.inventrigh....
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Пікірлер: 34
@justinmosley8638
@justinmosley8638 2 ай бұрын
1. Require a minimum guarantee. 2. If they dont hit their minimum guaranteed amount, ensure the license agreement can become non-exclusive. 3. Soften the Indemnification Clause as needed to prevent harm to your idea. 4. Net Sales must be clearly defined and appropriate. If not clearly defined, consider a flat fee structure per item sold. 5. Grant of License should be expanded so you're paid in perpetuity.
@PatentYourInventions
@PatentYourInventions 2 ай бұрын
Great notes. Thank you so much, Justin!
@cesarruizamador3120
@cesarruizamador3120 2 ай бұрын
Flat fee per item? It would be great to know more about this particular topic. Thank you Stephen.
@nameerlatef2079
@nameerlatef2079 2 ай бұрын
Thank you this information
@inventRight
@inventRight 2 ай бұрын
Thank you for watching!
@meoshiajones9596
@meoshiajones9596 2 ай бұрын
Hi. I would love to see a video from you about if you could license to more than one company & if so how it works.
@donnabeattiedreamerbydesign
@donnabeattiedreamerbydesign 2 ай бұрын
Thank you Stephen 😊
@Scott-YouTubeAddict
@Scott-YouTubeAddict 2 ай бұрын
Best kind of information - thank you 👌😊🇦🇺
@inventRight
@inventRight 2 ай бұрын
Thank you so much, Scott for watching and commenting. Please subscribe if you haven’t already.
@Scott-YouTubeAddict
@Scott-YouTubeAddict 2 ай бұрын
@@inventRight I subscribed years ago 😊
@inventRight
@inventRight 2 ай бұрын
Thank you so much, Scott!
@GardnerFences
@GardnerFences 2 ай бұрын
I’ve tried reaching out several times over the last 30 days. Great content though. Hope my meeting tomorrow goes well.
@bevc33
@bevc33 2 ай бұрын
Great advice-access to this kind of "insider information" is huge. Thanks, Stephen! About price - I heard someone use "FOB" instead of "net". Is that a good or more reliable alternative? (I wondered if there might be some hidden pitfalls using FOB.)
@PatentYourInventions
@PatentYourInventions 2 ай бұрын
Great question. Having your royalty come off the manufacturing price in my opinion is not a great option.
@janesmith9628
@janesmith9628 2 ай бұрын
@@PatentYourInventions Thanks, Stephen. I'd never heard of that idea before. Glad I asked you!
@johnjosephfontaine2712
@johnjosephfontaine2712 2 ай бұрын
Net Not Gross,Got it ✅
@user-xg8zt1uf6d
@user-xg8zt1uf6d 2 ай бұрын
Do you know if marc portney would be interested in a marketing strategy for his quick survival product?
@PatentYourInventions
@PatentYourInventions 2 ай бұрын
I think you would have to ask him.
@nickypoland
@nickypoland 2 ай бұрын
been subscribed for years :D
@inventRight
@inventRight 2 ай бұрын
Thank you so much!
@MikeG-fp8mt
@MikeG-fp8mt 2 ай бұрын
Great video but you spelled "licensing" wrong.
@inventRight
@inventRight 2 ай бұрын
Thanks. Fixed
@MikeG-fp8mt
@MikeG-fp8mt 2 ай бұрын
@@inventRight You're welcome
@Dan0rioN
@Dan0rioN 2 ай бұрын
@@inventRight Appreciate the info... What I'm looking to do is sell my product & it's trademark/name/logo (Whole concept) to a retailer for an immediate deposit to my bank account... I do not want to subject myself for tossing & turning all night until I hear back... This is the product idea of a the century.. Revolutionary.. I know it's not on the market or it would be seen everywhere.. Concept is easily grasped.. Practically sells itself yet I've still got my pitch down... But I have questions & concerns about what paperwork I need for protection... Is there anything wrong with constructing my own NDA & License agreement contracts??
@inventRight
@inventRight 2 ай бұрын
You’re going after the wrong customer retailers do not purchase.
@Kiamememememememe
@Kiamememememememe 2 ай бұрын
I have a great idea.
@jrockwing
@jrockwing 2 ай бұрын
Whew help this guy hit 100k
@inventRight
@inventRight 2 ай бұрын
We’re going to need a little help! Things are going slow! Thanks for watching,commenting and subscribing!
@steventeter3332
@steventeter3332 2 ай бұрын
How about licensing on another continent or in other countries. The World Cup is coming to the NorthAmerican continent.
@inventRight
@inventRight 2 ай бұрын
Thank you for watching and commenting! Product licensing as worldwide.
@steventeter3332
@steventeter3332 2 ай бұрын
Product licensing is worldwide?
@Kiamememememememe
@Kiamememememememe 2 ай бұрын
I want to win.
@inventRight
@inventRight 2 ай бұрын
Please subscribe if you haven’t already! Thanks for watching!
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