Turning a Profit on Your Invention
A patent secures your rights in the invention - allowing you to safely speak with other individuals who may be interested in manufacturing, distributing or marketing your invention. When you find such a company that is interested in your invention, you would ordinarily make an agreement in which they pay you to make your product.
An agreement with a company to produce your patented product, and pay you a royalty in return, is called a "licensing agreement". Licensing agreements must be carefully negotiated and worded to ensure that the inventor's rights are protected.
At Goldstein Law Offices, P.C., we work with clients to help them maximize the benefits of a successful invention. Our attorney — Richard Goldstein — has 15 years of experience helping clients get the patents, trademarks and licensing agreements they need to protect and profit from their ideas.
Schedule your initial consultation | Contact us online | Call 718-701-0700
Why Should I Have a Licensing Agreement?
The purpose of a licensing agreement is to make money by selling the right to manufacture and sell your invention in exchange for royalties. Having a licensing agreement is one method of getting paid for your invention. As a result, this critical step must be taken carefully.
There are many traps you can fall into with licensing agreements. Only an experienced attorney with extensive knowledge of licensing agreements, patents and trademarks can help ensure you are getting the benefit of the agreement you are entering, especially when you are dealing with companies who have much greater experience and resources.
Schedule an Appointment
To schedule your initial consultation, contact our lawyer online or call 718-701-0700. We represent clients throughout New York City, and we have offices across the country to serve clients throughout the nation. When you come in for your initial consultation, we will give you a quote for the cost of handling your case. All charges are on a fixed fee basis, so you know exactly what you will be paying. Major credit cards accepted.
