License Your Invention: Sell Your Idea & Protect Your Rights with a Solid Contract with CDROM with CDROM (Profit from Your Idea: How to Make Smart Licensing Deals) [Paperback]

Richard Stim (Author)

Book Description

Publication Date: September 2002 | Series: Profit from Your Idea: How to Make Smart Licensing Deals

Like most inventors, you dream of striking it rich finding a company you can trust, hashing out a fair licensing deal, watching your idea hit the marketplace and then raking in the profits. But where do you find the right company? And how do you draft an agreement that will protect your interests?

License Your Invention provides both the practical marketing advice and the legal licensing language you need to turn your invention into a moneymaker.

Step by step, this book explains the key elements in a licensing agreement, from advances and royalties to the length of an agreement. It also explains complex concepts such as warranties, indemnity and reservation of rights all in plain English. Learn how to:

*understand the licensing process

*determine your ownership rights

*work with agents effectively

*find potential licensors

*show your invention while protecting your work

*negotiate a fair licensing deal

*draft your own comprehensive licensing agreement

*understand, review and negotiate changes

The completely updated 3rd edition includes the latest patent laws and rules, new marketing resources, new web resources including patent-exchange and licensing sites and information on how the Bayh-Dole Act affects you.

Editorial Reviews

Review

Gives detailed instructions on working with manufacturers, marketers and distributors, addresses issues on copyright and trademark laws, ownership and finances. -- Baton Rouge Advocate

Tells inventors everything they need to know to enter into a solid licensing agreement. -- Electronics Now

About the Author

Rich Stim is a graduate of the University of San Francisco School of Law where he studied intellectual property law. He practices law in San Francisco, specializing in intellectual property and licensing and is an adjunct professor at San Francisco State University. He is the author of Music Law: How to Run Your Band's Business, License Your Invention and Getting Permission: How to License and Clear Copyrighted Materials Online & Off (all published by Nolo.com); as well as Intellectual Property: Patents, Trademarks & Copyrights (West).

Product Details

• Paperback: 352 pages
• Publisher: Nolo Press; 3rd edition (September 2002)
• Language: English
• ISBN-10: 0873378571
• ISBN-13: 978-0873378574
• Product Dimensions: 10.6 x 8.3 x 0.9 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,149,132 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

4.0 out of 5 stars What to do when license is in hand, May 25, 2000

By 

R. Bolton "Read A Lot" (Orange, CA) - See all my reviews
(REAL NAME)   

This review is from: License Your Invention: Take Your Great Idea to Market with a Solid Legal Agreement with 3.5 Disk (Profit from Your Idea: How to Make Smart Licensing Deals) (Paperback)

This book is heavy on the legal information (it's from Nolo Press) but light on what to do to get an invention licensed. Has good legal advice which would be a use to any invcentor who has a deal ready to go, but not much help on evaluating the proct for license or how to get a licenseing deal to come about. Would recommend this book only for those who have already made prototypes, contacted licensees, and are ready to start writing contracts - then get this useful book.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Everything you need to know about the licensing process, October 24, 1998

By 

moneyblows books (Lee, NH) - See all my reviews

This review is from: License Your Invention: Take Your Great Idea to Market with a Solid Legal Agreement with 3.5 Disk (Profit from Your Idea: How to Make Smart Licensing Deals) (Paperback)

"Take Your Great Idea to Market With a Solid Legal Agreement" promises this new book. The promise is fulfilled with plenty of solid details about the licensing process. This is not about venturing or bringing your own invention to market, but about protecting your property rights while licensing the invention. This would include inventors who work for companies that may want to license their work.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Legal Toolkit, February 20, 2002

By 

T. Fernandez "ravenswoodmom" (Chicago, Il United States) - See all my reviews
(REAL NAME)   

This review is from: License Your Invention: Take Your Great Idea to Market with a Solid Legal Agreement with 3.5 Disk (Profit from Your Idea: How to Make Smart Licensing Deals) (Paperback)

I felt that this book provided a firm clear basis to write a contract to license your invention. I have to agree that it did little but rehash the usual ways of marketing your invention. Perhaps the book should have be titled: Write a good contract for licensing your invention.

I thought this book took you nicely through each step in the licensing process explain your legal rights and the legal rights of others in detail. I enjoyed the book and thought it was easy to read despite covering alot of legalese.