Law concept: Copyright and Licensing with optical glass

What is Invention Licensing?

Blog by Edward Ayres

Invention licensing is the process of leasing a patented or patent pending product to a company who can manufacture and distribute it.

Licensing is a marketing and brand extension tool that is widely used by everyone from major corporations to small businesses to independent inventors. Licensing can extend a corporate brand into new categories, areas of a store, or into new stores overall.

In a well-run licensing program, the inventor reaps the benefit by collecting royalties on their invention without ever personally making a major investment in manufacturing, marketing and distribution.

How Licensing Works:

  1. First, ensure patent protection is likely by performing a patent search.
  2. If patent protection is likely, file a high-quality patent application.
  3. Persistently market the invention to potential licensees.
  4. When interested companies positively respond – Negotiate the Licensing Agreement.
  5. The licensee makes and sales your product, and then pays you a royalty for every unit.

The team at Inventor Process, Inc. can assist you with patenting, marketing and negotiations. Helping inventors is all we do!

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