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AN INTELLECTUAL PROPERTY LAW FIRM
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314
Philadelphia Ave., Tacoma Park, Maryland
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Call
Toll-Free 24 Hours 1-888-275-2757
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PATENTS
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WHAT
IS PATENT LICENSING? |
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- One
of the most important aspects of patent ownership is the
ability to license a patent. In simple terms, licensing
means getting a company to pay you money for your invention
- A patent-pending
invention (an invention which has been filed with the
United States Patent and Trademark Office) is usually
a prerequisite to licensing your invention. If a company
likes your invention, you can start collecting money right
away. Most often, a licensing agreement will be signed
between the company and yourself, setting forth how often
and how much money you will be paid.
- Typical
royalties can range between 2 % and 30%. Keep in mind
that the more a company likes your invention, the more
it will pay. Making effective use of your invention and
getting the money that it is worth requires effective
negotiating and a carefully planned out legal strategy.
A + Legal Services can make sure that your invention gets
you what it deserves.
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