A typical patent license agreement runs 25 to 60 pages. The terms that matter most to the inventor sit in about ten clauses, and the cost of getting one of those clauses wrong can run into six figures over the life of the deal. If you have a patent and a licensee at...
Most patent owners who try to license their invention never close a deal. Industry royalty rates vary by category, contracts vary by how the deal is structured, and the wrong terms can leave an inventor watching someone else sell the product without seeing meaningful...
Most inventors do not need to build a physical invention prototype at all to get to a license deal. They think they do, because every YouTube video and every Reddit thread tells them to start cutting foam and printing parts. But the path that actually moves a product...
The U.S. Patent and Trademark Office issues around 350,000 patents a year. It rejects more than that on first review. The difference between the two stacks usually comes down to decisions made in the first six weeks, before a single form gets filed. If you have an...
