Online Test Banks
Score higher
See Online Test Banks
eLearning
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

5 Tips for Licensing a Patent

Part of the Inventing For Dummies Cheat Sheet (UK Edition)

Only a small percentage of all patents are licensed, but it can be a profitable way to go if you can do it. Use these tips:

  • Make contacts at trade shows and elsewhere who can help you get a foot in the door of the right companies and help you avoid the wrong ones.

  • Take time to develop negotiating skills.

  • Focus and concentrate on obtaining a win-win licensing agreement.

  • Know when to sign on the dotted line and when to walk away.

  • Leave room for further rounds at the negotiating table by planning your strategy and tactics, and by listening and studying.

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus

SERIES
Inventing For Dummies Cheat Sheet (UK Edition)

Advertisement

Inside Dummies.com

Dummies.com Sweepstakes

Win $500. Easy.