What is a Licensing Agreement?

Is there a difference between licensing and patenting? Yes. inventRight cofounder Andrew Krauss explains the basics of licensing agreements, also known as licensing contracts. This is what you need to know about what a licensing agreement is.

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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[michaeld.moberly]

I have closely reviewed multiple IR videos (by Stephen and Andrew). I find all relevant, timely, and their experiential commentary and content collectively - immediately elevates licensing 'do-ability' factors. Michael D. Moberly - kpstrat - St. Louis

[firstime]

I am new in this field, what is the normal practice of verifying the sales quantities? Will some accountant will sign and proof it? Thanks

[jerzipendleton]

I need to know how much royalties is good and how to write to the company

[DanrioN]

What if I want all money deposited at once on the spot if deal is made?

[rick]

Thank you Andrew. You always explain things so clearly.

[arundhatiupadhyay]

Well there is one thing you guys should make a video on, how to gain recognition through your ideas.

[FishBaitBlue]

How does the licensor verify the number of units sold and the earned royalties are what they should be? I can’t imagine you just take their word. Just bought the book, look forward reading it.

[stPrinciples]

How to License from prior art inventor ?
2nd question:
Given a world of copycats, if licensor has no IP, others can still copy his product even if licensee honors the agreement. So how?

[nicsalamin]

In your opinion, what is THE best licensing agreement for a 5 year term, on a product that will wholesale for 2.50 and retail at, say 4.99 ?

[kuethkhor]

How is a licensing agreement different from a franchise? They sound very similar.

[waynefederico]

Great info.. Making it less confusing makes for a better

[Justme-kbdr]

So if the company is selling your product, can you still sell your product as well? Or does the company get all rights to your invention? I am so confused. Also how much are royalties usually and what is usually the minimum? Please respond 🤞

[aelknih]

So does the licensor have to pay the licensee initially... and then the licensees will pay their fees or royalties to the licensor based on what they sell?

[KmakSizzle]

I'm trying to figure out how I can get paid for my idea to physically combine two existing products into one. I'm hesitant to go get them physically combined for exhibition because of my not owning neither product. I know they will work together because I have seen and used them together although they were separate. Please help. I've known about this for over 20 years and nobody has even come close to this hybrid.

[vaibhavp]

In Board-games Design Patent, they are not even worth the cost. Copyrights (trademarks) are usually preferred.
Again, thanks for helping the inventors/designers community . Keep up!

[ayamore]

Hi😊...I need big help.I would like to know would a company sign a licensing agreement with you just on the details you provide regarding your idea/ invention, as I am horrible at drawing & was barely able to sketch out my idea. I so confused in regards to where I can turn on my many ideas/ inventions. Do I write to a company off the back & provide every detail to my design/ idea, if they are not patented? Thank you for your help in advance.

[christopherlyonas]

I have a question who provides the licensing agreement a licensor or the licensee

[myjolliekat]

On minimum guarantees, can you share how minimal is “very minimal” the company pays the licensor ? Based in your experience, if it’s ok? Thanks!

[cwright]

From a business perspective, if you have your patent, can leverage social media for advertisement & fulfillment services like amazon for shipping and customer service, why would you want to license a product.

[goodoc]

ay he's using the idubbbz music as the intro