How to Build the Value of Your IP to License It
You may be considering licensing your intellectual property (IP) if you’re an IP owner. But what makes an IP “licensable”? The answer lies in building its value. The more valuable …
You may be considering licensing your intellectual property (IP) if you’re an IP owner. But what makes an IP “licensable”? The answer lies in building its value. The more valuable …
The key to being successful in licensing your IP is to prove the marketability of that property. This means proving the marketability of your IP…that it works and customers will buy it or use it. There are a number of ways you can verify marketability (and build value) for a newly developed IP.
Licensing is most often used to generate revenue from IP by partnering with companies who pay you royalties. But that’s only one way of creating money from licensing your intellectual property.
Don’t let this happen to you. You’ve pitched your licensing opportunity to a company and they respond requesting more information. Your first impulse is to send them lots of information …
Royalty rates vary depending on the intellectual property and industry. How the royalty rate is determined most often comes down to negotiating a royalty payment that works for both parties. …
Money is often perceived as a big challenge to making money with IP. Most IP owners assume they need to money to finish developing their IP, get the rights registered …
An often overlooked way to use licensing is for intellectual property development. This is an ideal strategy if you don’t have the the money or manpower to fully develop your IP into a commercial ready product or technology.