Interest Groups

Show Your Clients this One-Stop Guide to Royalty Rates - Intellectual Property News

Get the news you want the way you want it: click the RSS button in the right corner to add this feed to your RSS reader, or click here to subscribe to this content. By subscribing, you’ll find this news on your Member Account page, and the latest articles will be emailed to you in your customized IndyBar E-Bulletin e-newsletter.

Intellectual Property News


Posted on: May 10, 2018

They have an idea and are now ready to let a manufacturer distribute it on a grand scale. But before they rush into a licensing deal, there are plenty of things that should be considered.

This infographic from Idea Buyer, a marketplace to buy and sell patents, offers some handy advice to help out. For instance, if the product or intellectual property needs to be tested or certified, get the process going before you license so that you can snag yourself a higher royalty rate.  Also, get familiar with the royalty rates standard for your industry so you know what to expect.

If you would like to submit content or write an article for the Intellectual Property Section, please email Kara Sikorski at ksikorski@indybar.org.

DID YOU KNOW?

Indianapolis Bar Association (IndyBar) est. 1878 | 4,536 Members (as of 2.11.21)