NEGOTIATING THE LICENSE

After you receive communications from one or more manufacturers interested in your invention, you then will need to negotiate the “license agreement.”  Before you start discussing numbers with the manufacturer, you should immediately hire the assistance of a reputable attorney who has negotiated license agreements before.  The license agreement will have important provisions in it regarding how much you are paid up-front, the percentage of royalties, infringement issues, and other important issues that only a skilled attorney can properly negotiate and draft.

 


LEGAL DISCLAIMER: This web site provides general information only, not legal advice. You should not act upon this information without independent legal counsel. You must read and agree to the Terms of Service before viewing this web site. The NIFC is not associated with any Federal or State government agency.  If you have been harmed by an invention marketing company or patent attorney, you should immediately seek the legal assistance of a reputable attorney licensed in your state.  Michael S. Neustel is licensed to practice law only in North Dakota and in the United States Patent & Trademark Office.  Michael S. Neustel is the owner of Neustel Law Offices, LTD and Neustel Software, Inc.   Statements made in this web site are merely opinions of the National Inventor Fraud Center, Inc. and should not be interpreted as factual.  Neither Michael S. Neustel nor the NIFC market inventions, provide market analyses or provide marketability analyses for inventors.  You are strongly encouraged to investigate any company or law firm you plan to work with and do not rely solely upon this web site when selecting a company to work with. Only you can determine if the companies listed on this web site are reputable or not.

Copyright 1998-2023 National Inventor Fraud Center, Inc. All Rights Reserved.