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biopico
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Posts: 434
Re: Royalty Rates
« Reply #25 on: Sep 16th, 2006, 11:39am »
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If asking royalties up to 50% especially when many factors are involved (time and labor for marketing and sales, etc), I wonder who would feel the licensing was mutually profitable.
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Registered Patent Agent Specializing in All Areas of Biotechnology
Atomical
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Posts: 12
Re: Royalty Rates
« Reply #26 on: Sep 16th, 2006, 12:17pm »
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Assuming that the business proposition is a giant hit, would it be a good idea to raise the royalty percentage?
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biopico
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Posts: 434
Re: Royalty Rates
« Reply #27 on: Sep 16th, 2006, 12:52pm »
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Under the circumstances of a blockbuster proposition, I agree.  Then who would reasonably determine that the outcome would be a giant hit when no one knows how marketing would turn out to be?
 
At the end of the day, each party of interest would have to agree with the terms and conditions reaching a mutually agreeable royalty (5%-60%)?
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Registered Patent Agent Specializing in All Areas of Biotechnology
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Posts: 12
Re: Royalty Rates
« Reply #28 on: Sep 16th, 2006, 12:55pm »
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on Sep 16th, 2006, 12:52pm, biopico wrote:
Under the circumstances of a blockbuster proposition, I agree.  Then who would reasonably determine that the outcome would be a giant hit when no one knows how marketing would turn out to be?
 
At the end of the day, each party of interest would have to agree with the terms and conditions reaching a mutually agreeable royalty (5%-60%)?

 
I'm suggesting of raising the royalty after the product becomes a big success.
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Wiscagent
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Re: Royalty Rates
« Reply #29 on: Sep 16th, 2006, 5:29pm »
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“[Raise] the royalty after the product becomes a big success.”
 
That’s nice work if you can get it.  But as George Gershwin wrote:
 
  The man who only live for making money
  Lives a life that isn't necessarily sunny;
  Likewise the man who works for fame --
  There's no guarantee that time won't erase his name
  The fact is
  The only work that really brings enjoyment
  Is the kind that is for girl and boy meant.
  Fall in love -- you won't regret it.
  That's the best work of all -- if you can get it.
  Holding hands at midnight
  'Neath a starry sky...
 
  Oh that is nice work if you can get it.
  And you can get it -- if you try.
  Strolling with the one girl
  Sighing sigh after sigh...
  Oh nice work if you can get it.
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Richard Tanzer
Patent Agent
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