Profit From Your Idea: How to Make Smart Licensing Deals, 11th Edition

The most complete guide to licensing your idea available!Like most inventors, you dream of striking it rich -- finding a company you can trust, hashing out a fair licensing deal, watching your idea hit the marketplace and then raking in the profits.But where do you find the right company? And how do you draft an agreement that protects your interests? Turn toProfit From Your Idea.This book provides the practical advice and the legal licensing language you need to turn your brainchild into a moneymaker. It helps youunderstand the licensing processdetermine your rightswork with agents effectivelyfind potential licenseeslicense overseasshow your invention while protecting your worknegotiate a fair licensing dealdraft your own licensing agreementunderstand, review and negotiate changesThe 6th edition is completely updated with current law, and provides a new section on funding invention licensing.List of FormsAgreement WorksheetAssignment of Rights: PatentAssignment of Rights: Patent ApplicationAssignment of Rights: No Patent Issued or Application FiledLetter Confirming Employee's Ownership of Intellectual Property RightsJoint Ownership AgreementAgent Letter AgreementOne-Way Nondisclosure AgreementMutual Nondisclosure AgreementContract WorksheetLetter of IntentOption AgreementTerms SheetLicense AgreementEscrow AgreementChecklist for Reviewing a License AgreementLicense Dates ChartAudit Request Letter " You've invented a great product and it's time for the next step. However, if you present an invention to a prospective buyer or licensee, it's no secret that your idea can be stolen. How can you draft an agreement that protects your interests? Turn to Profit From Your Idea to help you create, modify and understand nondisclosure agreements specifically for inventors. In addition to providing sample agreements and practical advice, this all-in-one guide helps you: understand the licensing process determine ownership rights work with agents effectively find potential licensees publicly show inventions without the risk negotiate a fair licensing deal draft a comprehensive licensing agreement deal with international licensing Disclosing your invention requires a balancing act: Presenting the best aspects of your invention while protecting the confidential aspects of your work. Use Profit From Your Idea to help you effectively maintain the necessary balance and minimize the risks of disclosure. The fully updated edition comes complete with the latest licensing case law and includes brand new FAQs, many from the author's popular blog, Dear Rich: Nolo's Patent, Copyright & Trademark Blog"-- "Get everything you need to protect and profit from your invention with this all-in-one guide. You'll learn how to show your invention to potential investors, all while protecting your rights"-- All you need to protect and profit from your invention You’ve got a great idea and you’re ready to strike it rich. Now, you need to find a company or partner you can trust, hash out a fair licensing deal, and get your idea to the marketplace. Profit From Your Idea will help you negotiate and draft a licensing agreement that protects your interests and maximizes your chances of earning a profit. With this all-in-one guide you’ll understand how to: • navigate the licensing landscape • protect your intellectual property rights • sort out ownership rights • work with licensing agents • protect confidential information • find and pitch to potential licensees • license overseas • disclose your invention safely, and • negotiate a winning license agreement. The 11th edition covers the latest developments in licensing law and patent filing rules, and discusses new tools to help you research the market for your invention and identify potential licensees. Table of Contents Your Legal Companion Gearing Up to License Your Invention Intellectual Property Protection Ownership Issues for Inventor Employees Invention Financing and Joint Ownership Licensing Agents and Representatives Soliciting Potential Licensees Protecting Confidential Information The Key Elements of Your Agreement Money: It Matters Negotiating Your Agreement Sample Agreement Warranties, Indemnification, and Proprietary Rights Provisions Termination and Post-Termination Boilerplate and Standard Provisions Service Provisions Dealing With a Licensee’s Agreement After You Sign the Agreement Help Beyond This Book