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Frequently Asked Questions
1. Pick this site’s invention(s) you like. 2. Please include information about your company. What are your early plans for the invention? 3. You can include our license agreement you filled out. Or fill out the limited number of easy blanks later. Either email it to us or Fax to 1-707 427-6422. 4. Your notarized license agreement can be delivered by courier anywhere in the world. Top Are all inventions available for world licensing? A: Most of the inventions on this site probably are available for a country, region or the world. An Asian manufacturer may pick: China, Hong Kong, Taiwan, Korea, Australia, and/or New Zealand, etc. Top Is it easier to get a license in certain countries? A: We prefer to license out the country where the manufacturer is based. If possible, Invention Springboard prefers keeping Japan because of our experience. Other countries are negotiable. Top What are the benefits to our company in licensing the invention directly from Invention Springboard? A: Licensing a good invention can help your company grow and gain competitive advantage. The acquisition of the right license can help achieve your business goals by:
Top How can we assure ourselves that our company will get an extension of our licensing rights if we are doing well at the end of the term? A: No one wants to start promoting a unique product only to see a competitor take it over. Attempt to get a license for the life of a patent, 20 years from the patent filing date. Top Can we license an invention, which is not fully developed? A: Yes it can become a successful license if you see its market potential, and it appears unique. Top Why license a pending patent application? A: Patent applications can take two or more years to become a patent. So many people start before the patent is awarded. We often wait 18 to 24 months before we start promoting an invention. Top Must I trust the Licensor checked to make sure the invention can be patented?
Top How much will a license cost? A: The royalty fee can start at 3.5%. When the sales volume grows it can become 5.5%. Royalty might stay at 3.5% - a huge sales volume might not be required. Top How can I check that the invention is patentable? A: Look at other patents to see who else has the invention. See where serious companies normally file their patents at www.FreePatentsOnline.com Also search the inventions from your country’s patent office. Search the web and check with experts and publications in the specialized industry. Then double-check your results by having a patent searcher do their own search. Patent attorney offices also have their own patent searchers. Top When can I sign the license? A: Please give us information about your company. Then we can sign it in one or more days if we are ready. Top Are the license terms negotiable? A: Yes. However please remember it is written to make it much easier for the licensee. Our goal was to give the best terms in the beginning, instead of spending time negotiating. We need our legal costs reimbursed if the license agreement needs to be changed. Top Can small and medium size companies license? A: Yes. We look for how serious the company is in licensing the invention. Top Can I be certain the license will remain available? A: We can quickly give an exclusive license to the first reputable company. Please check with us about its current availability, in case the website has not been updated. Top Where can I learn more about marketing inventions? A: Get our free // Invention Marketing Handbook // in PDF. Top Exclusive or Non-Exclusive License? A: We offer exclusive licenses because to satisfy the licensee. But most licensors prefer a non-exclusive license because:
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