Intellectual Property Rights are now the most important form of competitive power that any company can own. They are the foundation for a product's market dominance and continuing profitability, the basis for an almost unrivaled method of revenue-generation through licensing, and are often the key objective in buying or selling a business. Today’s fastest growing companies are built on intellectual property (IP). In fact, over 75% of the value ... Continue Reading »
Licensing is a rapid expansion tactic and is an option you should consider for it’s tremendous potential to grow your business quickly. According to a PricewaterhouseCoopers Technology Barometer Survey, small businesses that licensed out intellectual property received an average income stream equal to 26.2% of their total revenues. Licensing is a flexible growth strategy that can be tailored to your company’s needs ... Continue Reading »
These workshops will give you the proven methods, systems and processes I have used for over twenty-five years to help my clients make big money with their intellectual property. By doing licensing the right way, you will enjoy the financial rewards of successfully making money with your intellectual property. You will also avoid the big mistakes that cost ... Continue Reading »
The story of how a teacher transformed his IP into a hundred million dollar business with licensing.
Intellectual property is an economically empowering asset that enables anyone to generate wealth through the creation and control of its commercialization rights. The key to building wealth with intellectual property is understanding how to identify, customize and leverage the money […]
Licensing is one of the fastest ways to generate revenue because you don’t have to reinvent the wheel. Licensing your IP lets’ you tap into existing company resources, such as marketing, manufacturing and distribution. It’s a low-risk strategy that gets […]
Looking for the next big intellectual property licensing opportunity? It just might be in the town of fast money, where there is a new opportunity that’s ready to explode. Intellectual Property. Online gaming is creating a new market. Nevada was […]
You invented something novel? Great! Without intellectual property legal protections, your invention has little economic value. The good news is there are many sources of protection available, including patent law, trademarks and trade dress law, copyright law, trade secrets law, misappropriation law, confidentiality law and non-disclosure agreements.
It’s called intellectual property and it is the DRIVER of economies and wealth creation around the world. Over the last decade, study after study is confirming the wealth creating power of IP rights. It is the driver of economic growth, incomes, jobs, investment, and trade.
Today the economy is going through a transformation. The term ‘knowledge economy’ is the recognition that knowledge is the driver of innovation and the creation of IP. IP is an enormous value driver for today’s companies, and it’s a value that is just now being recognized.
If you’re an intellectual property owner who is not familiar with the licensing process or you don’t want to manage your own licensing program, then you should use a licensing agent. Although an agent adds to the cost of a licensing program, they bring experience, know-how and resources.
Commercializing IP is the process of transforming it from an intangible asset into a tangible product or service. You have 3 options for commercializing your IP: Sell, Make or License.
Best Efforts is a clause to help insure that a licensee will do all it can to successfully commercialize the IP. If this issue is not covered, then a licensee can sit on the IP and keep others from exploiting it and bringing money to the licensor.
Improvements or modifications to an IP should be defined in every licensing agreement. This is not likely to be a major issue if the IP is already being successfully commercialized (i.e. it’s making money).
Royalties are regular payments (also known as Consideration) to the licensor (IP owner) which are paid by the licensee for the use of the IP. Royalties have two key components: the royalty base and the royalty rate. These two components […]