Profit From Your Idea: How to Make Smart Licensing Deals, 11th Edition

Like most inventors, you dream of striking it rich -- finding a company you can trust, hashing out a fair licensing deal, watching your idea hit the marketplace and then raking in the profits.

But where do you find the right company? And how do you draft an agreement that protects your interests? Turn toProfit From Your Idea.

This book provides the practical advice and the legal licensing language you need to turn your brainchild into a moneymaker. It helps you

understand the licensing process

determine your rights

work with agents effectively

find potential licensees

license overseas

show your invention while protecting your work

negotiate a fair licensing deal

draft your own licensing agreement

understand, review and negotiate changes

The 6th edition is completely updated with current law, and provides a new section on funding invention licensing.

List of Forms

Agreement Worksheet

Assignment of Rights: Patent

Assignment of Rights: Patent Application

Assignment of Rights: No Patent Issued or Application Filed

Letter Confirming Employee's Ownership of Intellectual Property Rights

Joint Ownership Agreement

Agent Letter Agreement

One-Way Nondisclosure Agreement

Mutual Nondisclosure Agreement

Contract Worksheet

Letter of Intent

Option Agreement

Terms Sheet

License Agreement

Escrow Agreement

Checklist for Reviewing a License Agreement

License Dates Chart

Audit Request Letter