Invention Licensing Packages

Choose the Invention Licensing Package that fits your goals and budget. Ask about custom plans.

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Licensing Agreement

Inventors such as yourself who are looking to license your invention each have unique needs and budgets. That is why we offer several Invention Licensing Packages for you to choose from that are tailored to your particular needs.

Simply read the descriptions of the four Invention Licensing Packages below to find the one that fits your inventor goals and budget. You can do a detailed package comparison using the Licensing Package Comparison Chart located below the descriptions.

Please note that crowdfunding is available to help you fund these packages if your invention is entered into our Invention Commercialization and Profitability ProgramTM by receiving a favorable assessment in our Basic Invention Evaluation, and is "patent pending" or patented.

If your invention is accepted into our program but you do not have "patent pending", we can help get a provisional patent application or a utility patent application filed through a licensed patent attorney to lock-in "patent pending".

Invention Licensing Packages

1. Basic Invention Licensing Package

Designed for independent inventors on a budget who want to license their invention but have no idea how to do so. We research companies in the applicable market including product lines and market share, determine which companies have a product line into which your invention might be a good fit or might want expand its product line, review product pricing structure, and find appropriate marketing managers or other contacts at companies that might be interested in licensing your invention.

We then contact those marketing managers at companies that might be interested in licensing your invention, send marketing materials, follow-up with companies, assess initial interest, and follow-up with interested companies. We negotiate the royalties and other terms with interested companies, and have legal documents prepared by an attorney licensed in the appropriate U.S. State and a licensed patent attorney including a licensing agreement.

All three Invention Licensing Packages include the same items, but are priced based on how much of the risk of non-licensing of your invention we assume up-front. For the Basic Invention Licensing Package, we are assuming the most monetary risk up-front, so our commission is seventy-five (75) percent of the of negotiated royalty(ies) for the completed licensing of your invention. This is in effect, a deferred payment we recieve in exchange for doing sales, marketing, negotiating, and legal work regarding the licensing up-front at a reduced rate to you.

Please note that your invention must be patented and the patent must be enforceable prior to signing up and maintaining such status at your own cost for any of our Invention Licensing Packages. No expired patents or patents written and/or prosecuted by persons not licensed to practice patent law by the United States Patent and Trademark Office will be allowed to sign up for our Invention Licensing Packages.

While we do guarantee to use our best efforts in licensing your invention for a fair royalty that you agree to in all of our Invention Licensing Packages, the licensing of your invention is not guaranteed, and the Invention Sales Package fee is non-refundable regardless of whether a sale is made or not. Our commission is only payable to us if licensing of your invention is made, in-part or completely because of our contact with a company or individuals to which the licensing is done, or through other efforts of ours through one of these Invention Licensing Packages.

2. Advanced Invention Licensing Package

Designed for independent inventors who have the resources to fund more of the effort to license their invention up-front, thus assuming more of the risk, in exchange for us taking a lower commission upon licensing of your invention. For the Advanced Invention Licensing Package, since you are assuming the more monetary risk up-front, our commission is fifty (50) percent of the of negotiated royalty(ies) for the completed licensing of your invention.

3. Professional Invention Licensing Package

Designed for independent inventors who have the resources to fund most of the effort to license their invention up-front, thus assuming most of the risk, in exchange for us taking an even lower commission upon licensing of your invention. For the Professional Invention Licensing Package, since you are assuming the most monetary risk up-front, our commission is twenty-five (25) percent of the negotiated royalty(ies) for the completed licensing of your invention.

Invention Licensing Package Comparison Chart

I. Marketing Materials Basic Advanced Professional
1. Basic Marketing Materials

Includes sell sheet and sales letters.

II. Licensee Research, Contact,
    Negotiations, and Licensing
Basic Advanced Professional
1. Research and Compile List of Potential
    Buyers

Research companies in the applicable market including product lines and market share, determine which companies have a product line into which your invention might be a good fit or might want expand its product line, review product pricing structure, and find appropriate marketing managers or other contacts at companies that might be interested in your invention.

2. Initial Buyer Contact and Follow-Up

Contact marketing managers at companies that might be interested in licensing your invention, send marketing materials, follow-up with companies, assess initial interest, and follow-up with interested companies.

3. Contract Negotiation

Negotiate royalties and other terms with interested companies.

4. Sales Contract

Have legal documents prepared by an attorney licensed in the appropriate U.S. State and a licensed patent attorney including a licensing agreement.

III. Licensing Commission Basic Advanced Professional
1. Licensing Commission

Our commission is a percentage of the negotiated royalty(ies) for the completed licensing of your invention. This is a deferred payment we recieve in exchange for doing sales, marketing, negotiating, and legal work regarding the licensing up-front at a reduced rate to you.

50% of Negotiated Royalty(ies) 25% of Negotiated Royalty(ies) 15% of Negotiated Royalty(ies)
IV. Price Basic Advanced Professional
1. Price $1,779.95 $3,779.95 $5,779.95
 

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