3 Tips For Finding the Right Licensing Partner
Finding the right licensing partner is key to a successful deal if you’re an inventor or startup looking to license your intellectual property. You might get a lot of money …
Finding the right licensing partner is key to a successful deal if you’re an inventor or startup looking to license your intellectual property. You might get a lot of money …
One of the most important things you can do in licensing is listen to what a potential partner has to say about your intellectual property. Regardless of what type of …
One of the biggest mistakes you can make licensing your IP is continuously pushing it on a licensing partner. That ultimately pushes away your partner, especially if your IP doesn’t …
This is part two of the three-part series on licensing strategies. Part one covered direct licensing and how to use it to license different markets, territories and applications of your …
Don’t jump at the first licensing partner that comes along. Otherwise, you may wind up with one who can’t deliver on their side of the licensing agreement. Finding out after you sign the agreement that your partner doesn’t have the money, manufacturing or distribution capabilities is too late.
Your licensing partner is excited about your intellectual property, and you agree to give them global rights. After you’ve signed the licensing deal, you discover they’ve spread themselves too thin. …
Don’t let this happen to you. You’ve signed a licensing deal, given your partner all your IP assets and it’s been months since you heard from them. When you do finally speak to them, you find out they haven’t done anything with your IP.Â
Finding a licensing partner takes time. But there are resources that make it a more efficient process. The trick is knowing where to look.
Due diligence helps you determine if your potential licensing partner has the capability, capacity and resources, such as manufacturing and distribution,in place to successfully commercialize your IP.