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Author Topic: what do i expect in realistic term of royalty agreement?  (Read 2599 times)

LotusBudd

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i invented a product.  confidentiality agreement in place.  a billion dollar a year company wants to patent.  they have made offer of 7 years and 7%, no upfront at this time.  why shouldn't the time frame be for the life of patent/life of product?  what is the typical amount a company is willing to trade in upfront $$ for percentage of royalty?  if i were to give up 2% on the royalty what should they put upfront for a licensing fee?

thanks,
Budd
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chusteczka

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Re: what do i expect in realistic term of royalty agreement?
« Reply #1 on: 12-01-10 at 02:09 pm »

5/24/08, wow!  I hope you have answered your questions by now.  Every situation is different and there are no hard rules.  There are many books that provide general answers to such questions.  Search for "how to license your invention" and see what comes up.  Walk the invention aisle in your library to see what they have.

I like this book for general tips.
The Complete Idiot's guide to: Cashing In On Your Inventions
http://www.amazon.com/Complete-Idiots-Guide-Cashing-Inventions/dp/0028642201/ref=sr_1_11?s=books&ie=UTF8&qid=1291235562&sr=1-11
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Inventor - Chicago, Illinois, USA
 



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