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.