How Product Licensing & Open Innovation Works

What is licensing? What does it mean to license a product? "One Simple Idea" author Stephen Key explains how product licensing works and includes numerous examples of licensed products. Have a product idea? Consider licensing it!

Examples of licensed products:

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

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[strictlyquality]

Oh my word, thank you so much, I wish I had seen this video years ago, I would already be a millionaire but at 61 years still not too late to move forward. Thanns a billion!!!

[cjgibbons]

Would love a more detailed explanation, not too crazy just things like, do you develope a prototype? Do you need sales before you pitch? PPA in place first? Or full patent? Thanks! Your videos are very helpful!

[shaqmaverick]

Thank you so much.
I susbicheed to you guys since I started my entrepreneurship in 2018.

[esthermercado]

I want to thank you for giving me the courage and your book I'm happy to tell you that I have applied for my first ppa

[chenvictor]

Never heard of this. Have never thought about being an inventor through
Ic

[dannyd]

How do I license my ideas in different countries? I want to venture in my country, and license abroad. I'm patent pending in several countries.

[imnotgonnasay]

I'm patiently waiting for my hard cover to get here! C'mon Amazon! I have a good one, Stephen! It's ridiculous, but it's good.

[eluzions]

do you also have to send the company a proof of concept? i.e a prototype?

[addmeons]

Make a video on " How to NOT get screwed when licensing "

[alexbk]

Hi Steven. how would you go about licensing your product if it’s not exactly original but the company where you want to license it to have not thought of it? It’s manufactured overseas and is not patented.

[jamielynn]

I’ve looked into foreign companies a bit as an option for licensing. Just to spread my list of potential licensees. Do foreign companies work like ones in the US as in most are trustworthy with an idea without a patent? Or would a foreign company likely steal my ideas? Thanks

[jamesjohnsonjr]

Hello, I'm currently under a contract with "D" invention company, I think they lying to me about going to companies for licensing my idea. Should I pull my invention with prototype, and will i be punished by the company for doing so also I've payed for patent pending til Jan.

[rukororukoro]

Hi, thank you for the video.
I have a great invention idea, I went to a patent attorney looked in my idea and the photo shop sketches i have done to demonstrate and she told me there is a hop.
I paid them to do a patent search, it took them 3 weeks.finally two days ago they give me a call and my idea is patentable and we are meeting next week.

[originalunoriginal]

Your content and establishment is great and very informative at a very professional and organic level!
It's a shame your videos are not getting maximum exposure, attracting more views and reaching potential entrepreneurs that need your experience and guidance to really make that leap of faith!

[michaelwebsterdesigns]

is referencing other patents in a PPA a valid means to keep others from circumventing your idea?!

[borjaq]

Wheres the part on how licensing works? All I saw was a bunch of commercial advertisements for fad products...

[MK-dckl]

I watched this video to the very end it was kind of excruciating The title made me think that I would learn something but it's just one long infomercial. Not giving up just yet I'll look to see if he's got any other video, but I am a little turned off by the deception.

[DanielMartinez-hgsv]

All this video did was advertise all these products, wtf

[trucrimes]

Waste of my data. Way to self promote.