Profit From Your Idea: How to Make Smart Licensing Deals

All you need to protect and profit from your invention

You’ve got a great idea and you’re ready to strike it rich. Now, you need to find a company or partner you can trust, hash out a fair licensing deal, and get your idea to the marketplace.

Profit From Your Idea will help you negotiate and draft a licensing agreement that protects your interests and maximizes your chances of earning a profit. With this all-in-one guide you’ll understand how to:

navigate the licensing landscape

protect your intellectual property rights

sort out ownership rights

work with licensing agents

protect confidential information

find and solicit potential licensees

license overseas

reveal your invention safely, and

negotiate and update an agreement.

The 10th edition is completely updated with the latest developments in licensing law and patent filing rules, and covers industry-standard Fair, Reasonable, and Nondiscriminatory (FRAND) licensing terms.

With Downloadable Forms: download forms including license agreements, assignments, joint ownership agreements, and many more (details inside).

Attorney Richard Stim specializes in small business, copyright, patents, and trademark issues. He is the author of many Nolo books, including Music Law: How to Run Your Band's Business, Patent, Copyright & Trademark: An Intellectual Property Desk Reference,. and Profit From Your Idea. Stim regularly answers readers' intellectual property questions at Dear Rich: An Intellectual Property Blog.