Get a lawyer who has expertise in licensing agreements. These agreements are complex and situation-specific. Many lawyers know how to build a general contract, but they cannot know the details of licensing agreements. An intellectual property lawyer could be a good place to start. Prepare the property first. If you are selling or buying a license for a product, make sure that ownership of that product is clearly stated in the agreement. Also, make sure that no one else uses the asset (z.B. a trademark) and that the trademark is registered or subject to copyright registration. You don`t want to enter into a licensing agreement and find out that someone else is questioning the property.

Alberta is a difficult question, at least your second question — what you should say. The first part is simple, you already know the companies, so call them and try to talk to someone on the phone. It may take a while to find the right person, but if they play for this kind of thing, you will find it. It is quite possible that they are not open to this, because companies that have “open innovation” take risks. But the problem you have is that there is no intellectual property to protect. Companies refuse to pay for something that cannot be protected. The best thing is to try to have a conversation with them – ideally protected by an NDA, but it can be a challenge — to see if it`s a game. If so, you should find a way to directly measure the financial impact of your idea. The slightest risk to them is a royalty in this market.

In my opinion, it has only a small chance to work for you, but it is always worth following because you have invested very little in it. You should always think about return on investment, and if that were to beat, all the money you would get from them would turn out to be a high percentage. Without NOA, although they could easily take your idea without recourse. But what do you have to lose if you don`t try? What would you do with your idea? Good luck. Whether you are licensed to manufacture a product or the brand holder who licenses your product, the definitions, requirements and conditions set out in the licensing agreement are essential. Since many of us have no idea how to find a trademark license professional, we cannot pass the conditions on to our lawyers. Quality control and compliance. This is one of the most important sections for the licensee. If the products granted do not meet the quality standards set out in the contract, they will not be allowed for sale. Most licensing agreements define the licensee`s quality standards as a test protocol. In the first article in this series on product licensing for industrial designers, I presented a vision of what is possible – positive, encouraging, optimistic, but a little cautious. Here I`m interested in publishing some numbers so you can decide if a license might be useful to you (or under what conditions it would be the place).

There are certainly advantages to licensing your business assets, but be sure to take these factors into account when creating a licensing agreement: I argue that designers enter the game of new features instead of simply creating a form (or secondly producing a form that can be protected by design patents). If designers can produce robust intellectual property, they have access to a higher payment, otherwise licensing is a bit like a crap. [Note: For more information on design patents, check out our full series here!] In addition to the details of all parties involved, the licensing agreements specify how licensed parties can use real estate, including the following parameters: minimum guaranteed licence payments, also known as “minimum payments,” are calculated on the basis of a percentage of net sales and expected royalties. It is customary for minimum wages to be fully earned at the conclusion of the contract, even if the contract is legally terminated.