Profit From Your Idea: How to Make Smart Licensing Deals

Profit From Your Idea: How to Make Smart Licensing Deals

by Richard Stim
     
 

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The most complete guide to licensing your idea available!

Like most inventors, you dream of striking it rich -- finding a company you can trust, hashing out a fair licensing deal, watching your idea hit the marketplace and then raking in the profits.

But where do you find the right company? And how do you draft an agreement that protects your interests?

Overview

The most complete guide to licensing your idea available!

Like most inventors, you dream of striking it rich -- finding a company you can trust, hashing out a fair licensing deal, watching your idea hit the marketplace and then raking in the profits.

But where do you find the right company? And how do you draft an agreement that protects your interests? Turn to Profit From Your Idea.

This book provides the practical advice and the legal licensing language you need to turn your brainchild into a moneymaker. It helps you:

  • understand the licensing process
  • determine your rights
  • work with agents effectively
  • find potential licensees
  • license overseas
  • show your invention while protecting your work
  • negotiate a fair licensing deal
  • draft your own licensing agreement
  • understand, review and negotiate changes

    The 6th edition is completely updated with current law, and provides a new section on funding invention licensing.

    List of Forms
    Agreement Worksheet
    Assignment of Rights: Patent
    Assignment of Rights: Patent Application
    Assignment of Rights: No Patent Issued or Application Filed
    Letter Confirming Employee's Ownership of Intellectual Property Rights
    Joint Ownership Agreement
    Agent Letter Agreement
    One-Way Nondisclosure Agreement
    Mutual Nondisclosure Agreement
    Contract Worksheet
    Letter of Intent
    Option Agreement
    Terms Sheet
    License Agreement
    Escrow Agreement
    Checklist for Reviewing a License Agreement
    License Dates Chart
    Audit Request Letter

  • Editorial Reviews

    Book News
    With an array of forms on disk, in combination with the insights of intellectual property attorney Stim, inventors can hold onto the titles and profits of their inventions rather than sell out to companies.

    Los Angeles Times
    Tells prospective entrepreneurs how to move an idea 'from thought to bought' -- and roughly what inventors can expect to get in a licensing deal.

    Electronics Now
    Tells inventors everything they need to know to enter into a solid licensing agreement.

    Baton Rouge Advocate
    Gives detailed instructions on working with manufacturers, marketers and distributors, and addresses issues on copyright and trademark laws, ownership, finances and much more.

    San Francisco Chronicle
    Excellent . . .
    Creative Media Law Group
    Thorough, accurate and well presented... This book is a tremendous asset for an inventor with the desire and inclination to do it yourself.' As an intellectual property attorney specializing in licensing transactions, I have enjoyed paging through this book and brushing up on a variety of issues, and yes, even learning a thing or two!
    — Greg S. Weber, Esq.
    From the Publisher
    “Tells inventors everything they need to know to enter into a solid licensing agreement.” Electronic News

    Product Details

    ISBN-13:
    9781413313253
    Publisher:
    NOLO
    Publication date:
    01/02/2011
    Edition description:
    Seventh Edition
    Pages:
    432
    Product dimensions:
    7.00(w) x 8.90(h) x 1.10(d)

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    What People are saying about this

    Joyce Lain Kennedy
    "Offers a lot of advice. Stim covers all the essential factors in his book."--(Joyce Lain Kennedy, Syndicated Columnist)

    Meet the Author

    Richard Stim specializes in small business, copyright, patents, and trademark issues at Nolo. He practices law in San Francisco and has represented photographers, software developers, crafts people, publishers, musicians, and toy designers. He is the author of many books, including Whoops I'm in Business, Music Law, and Profit From Your Idea. Stim also produces audiobooks, and performs and records with two bands, MX-80 and angel corpus christi.

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