FAQ  •   Login  •   Register  •   Subscribe 

Welcome to the Forum for InventorSpot.com, the most popular invention related website in the world. Read our welcome message.

Skip to content

Moderators: Scrupulous, Roger Brown, citizen


FAQ: What does exclusive or nonexclusive mean?

Postby Roger Brown » Sun Sep 30, 2007 8:00 am

User avatar
Roger Brown
Black Belt
 
Posts: 1175
Joined: Mon Oct 30, 2006 2:53 pm
Location: USA
FAQ: What does exclusive or nonexclusive mean?

FAQ

Postby Roger Brown » Tue Oct 02, 2007 7:21 pm

User avatar
Roger Brown
Black Belt
 
Posts: 1175
Joined: Mon Oct 30, 2006 2:53 pm
Location: USA
A exclusive contract means that once an agreement is signed they are the only ones able to license your invention for market. There is normally a clause in the contract in which it states that either party can cancel the contract if certain terms are not met.

A nonexclusive means you are giving the company the right to license and sell your product, but you are still free to look for other companies to license and sell your product.
Come visit my sites at http://www.RogerBrown.net
or http://www.looking2license.com
I have gotten 9 products licensed spending less than $100 on each, you can too.