Whats fair for a good opportunity?

[Vinnie4]

Whats fair for a good opportunity?

by Vinnie4 » Mon May 10, 2010 7:56 am

Vinnie4

White Belt

 

Posts: 2

Joined: Thu Apr 29, 2010 11:30 am

I have been working with a patent attorney to obtain a provisional patent and moving forward I will require both a design and utility patent and my guy is willing to negotiate fees for licensing. I know an approximate what the upfront price of his services and I can figure out what is fair as for interest or carrying costs. But how to I assess the risk and calculate a fair percentage?
Furthermore my attorney has contact with an individual who has his contacts with a major industry leader where my invention could be licensed to. How do I calculate the worth of these services/opportunities? Also my invention is scalable and can be used for both consumer and industrial markets I want to retain the industrial markets since I have laid the groundwork for an industrial licensee. Please give me advice and your stories good and bad.

Thanks

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[Michelle]

Re: Whats fair for a good opportunity?

by Michelle » Tue May 11, 2010 10:20 pm

Michelle

Black Belt

 

Posts: 1529

Joined: Wed Oct 11, 2006 7:27 am

Some of these topics are covered here and in the info section of our site.

I will ask Ron Docie to cover these in some of his future posts on his blog as well.

Thanks for the inspiration,

Michelle

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