Profit from your idea : how to make smart licensing deals

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Where to find it

Law Library — 4th Floor Collection (4th floor)

Call Number
KF3145 .S75 2017
Status
In-Library Use Only

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Names:

Summary

Everything you need to license your invention

You've got a great idea and you're ready to strike it rich. But finding a company you can trust, hashing out a fair licensing deal, then watching your idea hit the marketplace--well, you'll need help.

Profit From Your Idea will help you negotiate and draft a licensing agreement that best protects your interests. With this all-in-one guide you'll understand how to:
navigate the licensing landscape protect your intellectual property rights resolve inventor-employee ownership issues work with licensing agents protect confidential information find potential licensees license overseas reveal your invention safely, and negotiate and update an agreement.
The 9th edition is completely updated with current licensing law and patent rules, and covers the implications of the Defend Trade Secrets Act of 2016.

Contents

  • Your Legal Companion p. 1
  • 1 Gearing Up to License Your Invention p. 3
  • Licenses p. 5
  • Assignments p. 9
  • The Licensing Process p. 10
  • Avoiding Conflicts Among Multiple Agreements p. 12
  • Challenges to Your Ownership p. 20
  • Transferring Ownership of Your Invention to Your Business p. 21
  • Disclosing information About Your Invention p. 33
  • Keeping Your Records p. 35
  • No False Hopes! Reviewing Your Invention's Commercial Potential p. 37
  • 2 Intellectual Property Protection p. 45
  • General Rules for Legal Protection of Inventions p. 47
  • Utility Patents p. 49
  • Trade Secrets p. 57
  • Trademarks p. 63
  • Design Patents p. 65
  • Copyright Law p. 66
  • Sorting Out Nonfunctional Features: Design Patents, Product Configurations, and Copyright p. 67
  • 3 Ownership Issues for Inventor Employees p. 71
  • What Type of Intellectual Property Is Involved? p. 72
  • Employer/Employee: Patent and Trade Secret Ownership p. 74
  • Inventions Covered by Copyright p. 81
  • Special Employment Situations p. 82
  • Working Out Ownership Issues With Your Employer p. 86
  • 4 Invention Financing and Joint Ownership p. 91
  • How Much Money Do You Need to License Your Idea? p. 93
  • Sources of Funding p. 96
  • Joint Ownership p. 105
  • How Payments, Loans, or Investments Can Create Joint Ownership p. 108
  • The joint Ownership Agreement p. 111
  • 5 Licensing Agents and Representatives p. 119
  • Agents p. 120
  • Completing the Agent Agreement p. 123
  • Attorneys as Agents p. 130
  • Invention Marketing Scams p. 132
  • 6 Soliciting Potential Licensees p. 137
  • Before You Begin Your Search p. 139
  • How to Find Potential Licensees p. 141
  • How to Overcome a Licensee's Bias Against Submissions p. 144
  • What's the Best Way to Solicit a Potential Licensee? p. 146
  • Product Presentations p. 150
  • Should You Solicit Foreign Licensees? p. 151
  • 7 Protecting Confidential Information p. 159
  • Confidential Information and Nondisclosure Agreements p. 161
  • Proceeding Without an Agreement p. 172
  • Waiver Agreements p. 174
  • When You Have Sufficient Bargaining Power p. 175
  • Disclosing to Employees and Contractors p. 178
  • Disclosing to an Attorney p. 179
  • 8 The Key Elements of Your Agreement p. 181
  • From Handshake to License p. 182
  • Identifying the Parties p. 183
  • Describing Your Invention and the Licensed Products p. 184
  • Specifying Which Rights Are Granted p. 189
  • Defining the Territory p. 195
  • Setting the Length (Term) of the Agreement p. 197
  • 9 Money: It Matters p. 207
  • Some Basic Royalty Definitions p. 209
  • Ways to Get Paid p. 212
  • The Mysteries of Net Sales and Deductions p. 216
  • How Much Do You Get? p. 219
  • Royalty Provisions p. 222
  • 10 Negotiating Your Agreement p. 233
  • What, Me Negotiate? p. 234
  • Documenting the Important Contract Elements p. 237
  • Letter of Intent p. 240
  • Option Agreements p. 246
  • What If the Licensee Wants to Proceed Without a Written License Agreement? p. 254
  • 11 Sample Agreement p. 255
  • License Agreement p. 257
  • Optional License Agreement Provisions p. 292
  • Modifying the Sample Agreement for Your Needs p. 299
  • 12 Warranties Indemnification, and Proprietary Rights Provisions p. 301
  • Promises, Promises ... Warranties, Representations, and Covenants p. 302
  • Indemnity: The "Hold Harmless" Provision p. 305
  • Licensee Warranties and Indemnity p. 312
  • Proprietary Rights p. 314
  • Commercialization and Exploitation p. 318
  • Samples and Quality Control p. 319
  • Insurance p. 319
  • 13 Termination and Posttermination p. 323
  • Termination and Posttermination p. 324
  • Termination Based Upon a Fixed Term p. 325
  • Termination at Will p. 326
  • Termination Based on Contract Problems p. 326
  • Termination and Bankruptcy p. 328
  • Posttermination: What Happens Afterwards? p. 329
  • Survival of the Fittest p. 331
  • 14 Boilerplate and Standard Provisions p. 333
  • Paying the Lawyer's Bills p. 335
  • Dispute Resolution p. 337
  • Governing Law p. 339
  • Jurisdiction p. 340
  • Waiver p. 341
  • Severability p. 342
  • Entire Understanding p. 342
  • Attachments and Exhibits p. 343
  • Notices p. 343
  • No Joint Venture p. 344
  • Assignments p. 344
  • Force Majeure p. 346
  • Headings p. 346
  • Establishing Escrow Accounts p. 347
  • 15 Service Provisions p. 353
  • Service Provisions Versus Separate Service Agreements p. 354
  • Training the Licensee's Personnel p. 356
  • Installation of Equipment p. 357
  • Technical Support for the Licensee or for End Users p. 358
  • Improving, Modifying, and Delivering the Invention p. 359
  • 16 Handling the Licensee's Agreement p. 367
  • Dealing With Suggested Changes p. 368
  • Evaluating an Agreement Presented to You p. 370
  • Evaluating the Provisions and Suggesting Changes p. 371
  • 17 After You Sign the Agreement p. 383
  • Create Your Contract Calendar p. 385
  • Dealing With Royalty Statements p. 387
  • Resolving Licensing Disputes p. 390
  • Avoiding Patent Misuse and Illegal Agreements p. 392
  • The Taxman Cometh p. 396
  • Quality Control p. 397
  • 18 Help Beyond This Book p. 399
  • Licensing and Intellectual Property Resources p. 400
  • Working With an Attorney p. 404
  • A Appendix: How Co Use the Downloadable Forms on the Nolo Website p. 409
  • Editing RTFs p. 410
  • List of Forms and Interviews p. 411
  • Index p. 413

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