@nickneil-boss3500 Ай бұрын
Powerful words. So so true. Nothing more comforting than an escape clause in the agreement which can literally "save the day". Thank you 😊
@inventRight Ай бұрын
@@nickneil-boss3500 thank you Neil. I hope you’re doing well!
@alexruggiero4088 Ай бұрын
-I have 5 electrical patents on electrical receptacles and switches. -I have models. -I have a working prototype. -I need contacts at medium sized electrical manufacturers to try to license my devices. Will you be at the invention convention in California July 25 ?
@user-jz8tc4jg2o Ай бұрын
Your knowledge is so valuable thanks Stephen ❤
@inventRight Ай бұрын
@@user-jz8tc4jg2o thank you so much please subscribe if you haven’t already.
@benbayo1864 Ай бұрын
that's perfect thanks Stephen, pls i need more information on gateway
@inventRight Ай бұрын
@@benbayo1864 thank you for watching and commenting. Please call us for more information on Gateway.
@ImbentongBentongTrimond Ай бұрын
I hope you guys get to 100K Subs soon~!
@curtisfarrington2892 Ай бұрын
Thank you, Stephen, for the great knowledge.
@inventRight Ай бұрын
@@curtisfarrington2892 thank you for watching and commenting. Please subscribe if you haven’t already thank you Curtis.
@resecurelatch Ай бұрын
Stephen. Does the Gateway price stay the same if I already have the product produced and a Patent Pending status?
@inventRight Ай бұрын
@@resecurelatch yes! We prefer that you have patent pending status. And if you have a product produced even better.
@dukefleed8369 Ай бұрын
Hello Stephen, thank you for sharing your valuable insights. While I appreciate the knowledge you share, I have a different perspective on the concept of minimum guarantees in licensing agreements. Personally, I believe that compensation should be directly tied to the licensee's success. If they make money from the venture, then I should rightfully earn from that success. If they do not profit, I accept that as part of the inherent business risk. This approach, in my view, aligns with principles of fairness and ethical business practice. I'm interested to hear your thoughts on this perspective!
@inventRight Ай бұрын
@@dukefleed8369 thank you very much. But you need some type of performance clause. Keep them working on your project.
@Martin-bx1et Ай бұрын
Hi Stephen. I'm not sure what you mean at 2:25 when you say minimum guarantee might typically be "25% of sales". Please can you explain a little more?
@inventRight Ай бұрын
If you can calculate the gross sales per year, take 25% of that and that could be the minimum guarantee. For example your product produces $1,000,000 in sales a year. Your minimum guarantee would be 25% or $250,000 in sales a year to keep the licensing agreement valid. So they would have to sell at least $250,000 a year.
@Martin-bx1et Ай бұрын
@@inventRight Thanks Stephen. (I imagine calculate is more like estimate at this stage, though?)
@inventRight Ай бұрын
@@Martin-bx1et yes!
@resecurelatch Ай бұрын
Martin, thank you for asking this question, I had a giant ? Above my head on that one.
@Lexnbert Ай бұрын
Thanks for the tips Stephen!
@inventRight Ай бұрын
@@Lexnbert thank you so much!
@RobertMedellin-g9x Ай бұрын
Does Gateway include a Salesheet, and virtual prototype and what if it's a product that needs a video is that included as well ?
@inventRight Ай бұрын
Thank you for watching and commenting Robert. Yes, sell sheets and 3-D prototypes are included. We do not provide the videos. But we can help on the copy and storyboard.
@resecurelatch Ай бұрын
@inventRight Stephen, thank you so much for the heads up on Gateway. Your channel helped me understand so much when I invented ReSecure Latch and what not to do with licensing. Now I just need exposure for everyone to know my new hardware product exists, and I believe Gateway will help!
@inventRight Ай бұрын
@@resecurelatchthank you!
@Scott-YouTubeAddict Ай бұрын
Hi guys, thanks for the tips. The industry I am looking at will require a patent for sure. Is it common for the company to pay for the patent yet the inventor is still the owner of the patent. Or does the company become the owner of the patent as part of the negotiation normally - and how does that work if I have a provisional patent application?
@inventRight Ай бұрын
@@Scott-KZfaqAddict great question. Everything is negotiable. We help people negotiate a licensing agreement where the company pays for the patent, but the inventor still owns it. The reason for this… in case they breach the licensing agreement you still own the intellectual property/the patent.
@gerardoarmendariz1966 19 күн бұрын
I have a patent product that allows you to remove shut valves, with live pressure, without clossing the main valve, I have prototype, and avoids water dammage also in fire sprinklers, in case they break, can you help find the right company it's a great product, patent on Dicember 2024, safety flow obstruction holder is it's name
@inventRight 19 күн бұрын
@@gerardoarmendariz1966 wonderful
@mikehollowayuk Ай бұрын
This second point is not clear at all?
@U.C.Hunter Ай бұрын
👍👍👍👍
@Sonnymonster Ай бұрын
Is Gateway for the US only?
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