Posted by: brainstorm1 | November 24, 2011

Licensing vs patent

Licensing can be a viable and faster way to get your invention to market and hopefully a decent NET profit. Beware of sending your idea to any company for review that requires money upfront for the review. What we have found is that most times as not, the review comes up short, but money is expended with nothing to show for it. Or review comes back glowing but to proceed more money is needed. Either way it is your idea, and your money so whether your idea is marketable or fails you are still out serious money. My advice is for you to do serious research before hand, maintain meticulous records, and always get executed copies of the NDA> confidential non disclosure agreement. In coming posts I will lay out a proven format to folow for getting the best value for the money expended. Best To all/Gary

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