Profit from Your Idea: How to Make Smart Licensing Decisions - Softcover

Stim, Richard

Softcover

ISBN 10: 1413304508 ISBN 13: 9781413304503

Publisher: Nolo, 2006

Synopsis

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 will protect your interests? Profit From Your Idea (formerly titled "License Your Invention") provides both the practical marketing advice and the legal licensing language you need to turn your invention into a moneymaker. Step by step, this book explains the key elements in a licensing agreement, from advances and royalties to the length of an agreement. It also explains complex concepts such as warranties, indemnity and reservation of rights all in plain English. Learn how to: § understand the licensing process § determine your ownership rights § work with agents effectively § find potential licensors § show your invention while protecting your work § negotiate a fair licensing deal § draft your own comprehensive licensing agreement § understand, review and negotiate changes The completely updated 5th edition provides a new section on international licensing and expanded information on invention ownership rights for university and government employees.

About this title

About the Author

Richard Stim is a graduate of the University of San Francisco School of Law, where he studied intellectual property law. An editor at Nolo and an adjunct professor at San Francisco State University, Stim is also the author of Whoops! I m in Business, Music Law, and Getting Permission, as well as co-author of Nolo s Patents for Beginners (all published by Nolo).

Edition details

• Publisher: Nolo
• Publication date: 2006
• Language: English
• ISBN 10: 1413304508
• ISBN 13: 9781413304503
• Binding: Paperback
• Edition number: 5
• Number of pages: 352