Licensing

"Signing a licensing agreement on one of my inventions is very exciting!" — George Davison

There is a lot of work involved in getting a licensing agreement with a company that is going to put your invention on the market and pay a royalty on each one sold.

Licensing Presentations

Once a new product is presentation ready,  Davison focuses on presenting the product to a corporation with the intent to secure a licensing agreement. Davison informs you of what company we will be promoting your product to and obtains your permission before telling anyone about what you have conceived and what Davison has developed.

Licensing a new product does not guarantee that it will make its way onto a store shelf, but it is a step in the right direction. Getting in the door requires preparation. We find companies that want to see new products and use the developed materials to try to raise their interest. Companies have to keep updating their product lines, if they want to compete.

If a company licenses a product, it is common business practice for the arrangement to be recorded in a document that all parties can sign and retain. This document is normally a license agreement, which is a written understanding between two or more parties concerning the new product idea.

License Agreement Negotiations

A license agreement provides a clear understanding of the obligations of each party and it also serves as proof of what is owed to each of the parties. Once all parties agree to the terms and sign the agreement, each party receives a copy of the agreement for their records. If at any time there is a dispute between the parties, they may rely upon the license agreement as a statement of their rights and obligations.

Below is a list of terms and conditions that are generally included in the outline of a license agreement:

  • Parties to be included in agreement: (Referred to as the licensee and licensor)
  • Description of idea
  • Territory rights
  • Intellectual property rights
  • Grants
  • Obligations of licensor
  • Obligations of licensee
  • Termination
  • Payments
  • Quarterly statements
  • Books and records
  • Independent parties / indemnification
  • Confidentiality
  • Notices
  • Construction
  • Sub-licenses, assignments
  • Parties to be included in agreement: (Referred to as the licensee and licensor)
  • Description of idea
  • Territory rights
  • Intellectual property rights
  • Grants
  • Obligations of licensor
  • Obligations of licensee
  • Termination
  • Payments
  • Quarterly statements
  • Books and records
  • Independent parties / indemnification
  • Confidentiality
  • Notices
  • Construction
  • Sub-licenses, assignments

Davison’s licensing team has the knowledge and experience to successfully negotiate license agreements with manufacturing companies. Licensing is a tough undertaking. You are asking a company to put their working capital on the line to manufacture and distribute a product and the typical project is not licensed. 

We recommend that you request information here and we will send you an information package about how to get your idea started. 

Jean, the Inventor
of the Meatball Baker

Give yourself the gift of inventing.

This year, we’re giving you 25% off Pre-Development.

Days
Hours
Minutes
Seconds

Offer ends at midnight on November 15th

Rules and Conditions Apply (Click to view)

This offer is effective through 11:59 p.m. November 15th, 2019. The 25% off will be applied to the full price of $895 for Pre-Development services and any balance owed on a full price ($895) Pre-Development contract. This discount cannot be combined with any other offer and does not apply to previously discounted or paid accounts.

For illustration purposes, if the customer has not made any payment to the organization for Pre-Development services, 25% off can be applied to the full price of $895, if the customer pays the full amount, minus the discount, by the end of the offer. If the customer has made a payment on Davison’s Pre-Development service, and still owes a balance of any amount on the full price of  $895, 25% off can be applied to the balance owed, if the client pays the full amount of the balance, minus the discount, by the end of the offer.