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So, perhaps somebody has recently indicated they would like to license your
innovation. How much do you
ch
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NEGOTIATING INNOVATION
For Inventors Who Want to Commercialise their Intellectual Property
What is a Sensible Royalty Rate to Charge?
So, perhaps somebody has recently indicated they would like to license your
innovation.
How much do you charge them? How would they pay? Lump sum or regular payments?
Well, there are no set rules here (your IP – you make the rules) but if you step
outside the boundaries of convention, you might just put the prospect off.
If you would like to know what a reasonable charge would be for a particular
industry, then you need this free chart. The global guide for royalty rates is
for any Inventor who wants to license their innovation, even if your product is
industrial or consumer-focused.
This should help you understand what you can get from negotiations without
insulting the prospective licensee or giving away too much. Click below to
download a free copy.
If you would like to know more about licensing or any of the other
cash-generating transactions we focus on in the Inventors Academy, then feel
free to hit reply below and leave the word "ACADEMY" and I will send you what
you need.
Book a Free Strategy Call
P.S. Whenever you're ready, here are four ways we can help you to get more
traction, have your project adequately funded, and plan your first/next
cash-generating transaction:
1. Take a look at our 15-minute explainer of how we get inventions earning
income: Take a deeper look into our Inventors Academy Level 1 program. Click
Here
2. Did you want to check your project for commercial-readiness? To get an
answer (in a custom 6-page report) in 3 minutes, Go Here
3. Ready to chat to me? Join me on a 30-minute strategy session and see if I
can make a difference in your project performance. BOOK HERE
4. Want to get tips every other day? Subscribe to my newsletter “Negotiating
Innovation” for free tips and hacks every inventor can use: Click Here
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