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License your invention without the risk -- protect your idea You’ve got a great idea and are ready to strike it rich. But finding a company you can trust, hashing out a fair licensing deal, then watching your idea hit the marketplace—well, you’ll need help. Turn to Profit From Your Idea. It will help you negotiate and draft a licensing agreement that will protect your interests. In the end, you’ll know all about: the licensing process your intellectual property rights ownership issues for inventor-employees working with licensing agents protecting confidential information finding potential licensees licensing overseas showing your invention safely negotiating your agreement reviewing changes to an agreement Disclosing your invention requires a balancing act: Presenting the best aspects of your invention while protecting the confidential aspects of your work. Use Profit From Your Idea to help you effectively maintain the necessary balance and minimize the risks of disclosure. The fully updated edition comes complete with the current licensing law and patent rules, as well as includes brand new FAQs, many from the author's popular blog, Dear Rich: Nolo's Patent, Copyright & Trademark Blog.
Packed with practical, effective licensing strategies, License Your Invention tells inventors everything they need to know to enter into a good written agreement with the manufacturer, marketer or distributor who will handle the details of merchandising an invention. The book shows step by step how to draft a license that will be fair to all parties and addresses: - ownership rights - applicable patent, copyright and trademark laws - license scope - dispute resolution - finances.
This book serves as an introduction and guide to reviewing, writing, and negotiating most of the licenses and agreements necessary to turn intellectual property into profit.
Turn your great idea into millions—without lifting a finger! Yes, a good idea is enough to build a fortune! Too many people think production, marketing, and distribution are essential to the entrepreneurial process. As One Simple Idea shows, you can hand these tasks off to others—and make big money in doing so. Stephen Key, a highly successful entrepreneur whose creations have generated billions of revenue, offers the simple, effortless secret to success: license your simple idea and let others do the work. Breaking down the process of generating and licensing a product idea to a large company, he explains why you don’t need to reinvent the wheel: Simple improvements to existing products can be very successful endeavors—and the most lucrative. The old method of bringing products to market through prototyping and patents doesn’t work anymore. It’s cheaper and more profitable to do it Key’s way. One Simple Idea gives you everything you need to tap into the marketing and sales power of partners and licensors for maximum profit.
Reap the profits of your own imagination… How to License Your Million Dollar Idea Everything You Need to Know to Make Money from Your New Product Idea You’ve seen them on TV, in business magazines, and as the subjects of case studies in major business schools: ordinary people who have parlayed their simple, clever ideas for new products or services into millions of dollars. What’s the difference between these success stories and the people who say, "Hey, I had that idea years ago"? The former had the motivation and information necessary to license their idea and turn it into profit. In How to License Your Million Dollar Idea, Harvey Reese, a successful new product developer reveals his system for creating commercially profitable ideas and his secrets for turning them into lucrative licensing agreements. Not only will you find nuts-and-bolts information on the licensing process, you’ll also learn how to formulate an idea and—more importantly—motivate yourself to get out there and make it work for you. How to License Your Million Dollar Idea: Shows you how to turn a product or service idea into profit without risking your own financial resources Takes you through the entire licensing process step-by-step, from formulating the idea, researching the competition, and obtaining patents, to finding prospects, negotiating the deal, and beyond Offers examples of successful licensing ventures including Teenage Mutant Ninja Turtles®, Pound Puppies®, and Monopoly® Includes sample patent forms, licensing agreements, disclosure statements, and more
You’ve come up with a great solution to a persistent problem—an invention that will help thousands of people. But what do you have to do to turn it into a reality? Robert Yonover uses his experiences from the world of inventing and promotion to take you through the invention process step-by-step. Learn how to: Find the problem you can solve Build a show prototype Create an attention-grabbing and memorable name Find investors Safeguard your intellectual property Navigate critical crossroads License and market your invention From your initial idea through a captivating proposal, Hardcore Inventing is an easy-to-use, informational, and inspirational guide on how to turn your idea into a success.
This book is for the 97 million Americans who want to quit their job and make money with their ideas. Licensing is one of the fastest and most profitable ways to make money with ideas. It is fast because it facilitates existing production, distribution, and marketing, and it is more profitable because it eliminates your costs and a percentage of the revenue goes in your pocket. "Most Ideas Don't Work" because of bad decisions, which come from bad information. Myths are everywhere, hard to recognize, and impossible to avoid. Failure precedes success, and knowing how to fail small, fail fast, and fail forward allows you to focus on what works. "And What To Do About It" explains how to master what works. It reveals valuable tips and secrets that will give you a distinct advantage. Learn new information like the Royalty Rule, Active Licensing, and the Acceptable Profit Threshold. Understand when to manufacture and when to license with the5X Rule. The right license with the right company is everyone's dream and may be the highlight of your career and your life. If you want to make money with your ideas, this book is for you.
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