Licensing & Royalties

By: Lonestar Patent Services  04/26/2014
Keywords: Estate Lawyer, Intellectual Property Law, Patent Attorney

We assist our clients in the negotiation, implementation and management of patent licensing or direct buyout agreements, both from a strategic (carrot) and an enforcement (stick) standpoint. By licensing or selling your invention to a company, you don’t have the hassles and significant expense of manufacturing, marketing, and distributing it yourself. Most relevant manufacturers have large distribution networks to instantaneously get your invention into retail and online stores. When licensing your invention, you are giving a company the exclusive right to manufacture, market, and sell your invention. In turn, you receive royalties. Licensing an invention is like owning a home and renting it out for a stream of income. You may also get a cash advance. Cash advances are nonrefundable payments received toward future royalties. You can also receive a License Fee.

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