Once you have applied for patent protection, it is time to begin the next hurdle: you need to decide whether you want to find a licensee for your invention or take it on yourself as an entrepreneur.
Many inventors opt for licensing, but it is not always easy to find a licensee. A licensee will absorb all of the risk, so they must see a great deal of potential in your invention before they will consider it a worthwhile venture.
So how you approach a licensee is very important. In fact, you should learn a little about licensing before you even invest any money into your invention.
Showing posts with label Licensing. Show all posts
Showing posts with label Licensing. Show all posts
Sunday, January 1, 2006
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