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Some inventors may wish to be closely aligned with the development of their innovation. They may also have the necessary funding behind them to actively promote their invention but they may lack one key factor - a suitable and reliable supply or source of manufacturer for their product.

PATENT SOLUTIONS can directly assist in this process with the relationships it has developed with quality manufacturers both locally and overseas.

Licensing agreements are usually negotiated when the development of an innovation is incomplete. Research and development costs can be prohibitive and the funding of the project then becomes the responsibility of the licensee.

This, in turn, involves the total commitment of the manufacturer to produce the item in significant quantities. The marketing and distribution of the product must be firmly in place and carried out by competent organisations.

Some of the major benefits derived under a License can include breaking up the world market for your product. This would include PATENT SOLUTIONS attempting to negotiate a suitable License with an interested party within the regions, which they may operate, and for a specific period. Should this party fail to actively promote your innovation effectively this provides inventors the option to renegotiate terms and offer the rights to another party.

The inventor will be made fully aware of the dangers, which could evolve with licensing, and PATENT SOLUTIONS will put in place an inviolable safety net. Full accountancy is generally sought in terms of the number of units made and sold to ensure inventors are adequately compensated as far as Royalty payments are concerned.

Yet again, we will ensure that security measures are applied in any licensing agreement, which will demand absolute compliance from the partner/s.

Quite often venture capital is sought by inventors and this always brings the invention under extremely harsh scrutiny. Should the article withstand searching examination and meet all criteria, funds may be made readily available for selective innovations such as IT, pharmaceuticals, medical equipment or other utilities that rewards the investor with very large returns. Profits, particularly in the field of pharmaceuticals, can be enormous - 2000% plus.

Funding may start at a minimum of $AUD 1,000,000 and rise to virtually unlimited levels, but this type of capital is only available for fully developed concepts. PATENT SOLUTIONS is able to source venture capital and monitor the terms and conditions of any such arrangement.

Many inventors approach us with the intention of selling their Patent outright for a once off lump sum payment.

In the majority of those cases they are expecting "MILLIONS" for the idea before it has even been proven let alone granted a patent. 

We do not recommend this as the primary strategy in most instances.

Our preferred startaegy, if the inventor is not in a position to take the product to market themselves, is to endeavour to negotiate a royalty or joint venture arrangement.

These two approaches offer the inventor the opportunity of gaining a far better long term, financial outcome than what would be offered under outright sale.

Contact our office for your No charge No obligation interview to discuss your specific need, once we have provided you with a confidentiality agreement.