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The Maverick’s Do-It-Yourself Patent Licensing Library

While it’s usually preferable to have an attorney draft your licensing agreement, it’s not always necessary. Legal-minded inventors can certainly draft their own patent license agreements with appropriate study and preparation. This article is about books and articles you should...

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License an Invention to a Retailer

Once you have created your invention, the next thought is obviously “How can I capitalize on it?” One time-tested way of doing this is licensing your invention to a retailer who will bring it to paying customers. Retailers can be...

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How to License a Tool Product Invention Idea

Licensing a tool product invention idea starts with first preparing and protecting your tool invention. 10 Steps to Licensing a Tool Invention: 1. Initial Market Research 2. Technical Drawings & Costing 3. Physical or Virtual Prototype 4. Patent Preparation and...

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License Your Idea to a Manufacturer

If you do not want to go through all the time and hassle of bringing an idea to market yourself, there is an alternative: license your idea to a manufacturer. In doing this, you are granting someone else the right...

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Selling or Licensing an Automotive Patent

With the energy crisis and the worldwide push to “go green”, innovation in the automotive sector is at an all time high. This puts automotive patent holders in a prime position to sell or license their patent. However, it would...

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10 Tips for Patent Licensing

Are you looking to license your patent? If so, these 10 Tips will help you move through the process faster and with less headaches. In this article, our founder will walk you through what patent licensing is, what it requires,...

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Idea Buyer Member Feature Story

Earl Bennett of GT Seat Belt Extenders Persistence, patience, and perspiration have paid off for long-time inventor, Earl Bennett in the form of his latest product, the GT Seat Belt Extender. Bennett says his inspiration for inventing comes from Willy...

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10 Tips for Creating a Powerful Sales Presentation for Your Patent

The centerpiece of any patent sale or licensing negotiation is a powerful presentation. In this presentation, you will be making the case for why this person or company should want your patent. Obviously, you will want to make this as...

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How to Value Your Intellectual Property

Valuing intellectual property is no easy task. No matter what kind of intellectual property you own, there are certain bases you need to cover in order to assign a reasonable value to it. It cannot be done on a whim,...

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10 Steps to Creating and Licensing an Invention

Creating and licensing an invention is a quest that many inventors embark upon, but few actually succeed at. In large part, this is due to the amount of misinformation and general ignorance to the crucial steps involved. Luckily, this is...

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