Invention Success Kit
Guides You Step-by-Step to Sell and License Your Product Ideas
Topics
The Invention Success Kit guides you through the step-by-step process to sell and license your product ideas:
The Invention Success Kit covers the important inventing topics including:
- How to sell your ideas or license for royalties
- How manufacturers will evaluate your product idea
- How to present your invention in business terms using a Product Proposal
- How to find companies to take on your invention
- How to find the right people inside companies
- Phone script to contact companies
- How to make a presentation
- How to know when a company is interested
- How to use Option Agreements
- How to use a Letter of Intent
- How to research a manufacturer to know if they are a good fit
- How to determine important Terms of an agreement
- How to determine Royalty rates
- How to determine Net Sales
- How to negotiate for Advances and License Fees
- The need for a Guaranteed Minimum Annual Royalty
- Understanding Territory in a licensing agreement
- Understanding Field of Use in a licensing agreement
- Your rights of product improvements
- Audit rights to check royalty payments
- How to Terminate an agreement
Plus you'll learn how to Protect your idea, Prototyping, Market Research, and other inventing topics:
- The Invention Roadmap from Idea to Market
- What you need to do immediately with a new idea
- How to Protect your idea
- Decision process to market, sell, or license
- Understanding selling and licensing to companies
- Free market research methods
- Hiring agents and consultants
- How to determine marketability of your ideas
- Getting free feedback with a Concept Survey
- Steps to create a prototype
- Getting help with a prototype
- How to get feedback on your prototype
- How the patent system works
- When to use a Provisional Patent Application
- Patent filing
- Cost of patents
- How to register a Trademark
- How to file a Copyright
- and more ...