Everything You Need to Know About Licensing Agreements

Get notified about Stephen's new book: www.inventright.com/osi-licen...
Licensing expert Stephen Key delivers a huge amount of very useful information about licensing agreements, including why you shouldn't sign one in your own name, why it's important that your licensee drafts the first version of the agreement (and not you), why you shouldn't feel surprised or upset by that first contract, why companies shouldn't own your intellectual property, improvements clauses, how to negotiate who files future intellectual property, infringement, when contracts are breached, defending your intellectual property, and much much more.
Bringing an invention to market? Let inventRight, the world's leading experts on product licensing, show you how. Co-founded by Stephen Key and Andrew Krauss in 1999, inventRight has since helped people from more than 60 countries license their ideas. Visit www.inventright.com for more information and to become their student.
Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.
New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: amzn.to/1LGotjB.
Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: amzn.to/1T1dOU2.
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.

[@patrickshaffer5427]

I love how some of your subtitles are: (energetic spanish guitar music) when in fact it is: (energetic piano music).

[@jdb79jdb79]

Man us new inventors are under stress, it's really nice to see all these serene cut away shots of your travels. It really helped me relax a little while I learn.

[@BeyondBorders00]

Jeez, the intro to this video confused the heck out of me. Luckily I made it to 1:48. I thought there was something wrong with youtube, showing one title but displaying another video. Glad to see KZbin wasn't scrambled.

[@inventRight]

Thanks for watching!

[@DanielRLuke]

Absolutely best advice. Pay attention very closely. Companies WILL exploit your ignorance. They will write the entire contract to their maximum advantage and your maximum disadvantage. If you have a winning idea that you have invested a lot of time or money, spend the extra by contacting InventRight before signing anything. It's something I wish I had done. It could save you literally millions.

[@Manifesssto888]

That was simply Wonderful to watch good sir Thank You.

[@tayloradeclue]

finding your videos so helpful. Love the random Peru travels . You're living life!

[@inventRight]

Thank you so much Taylor. Some people complain about the travel videos.

[@josephcenatus6085]

I love the instrument that play in the background

[@sjgunnoe]

Wow! This video was really pleasant to watch. I came for the valuable information and was just blown away by the intermittent cultural shots and incredible backgrounds.

[@michaellynch5036]

So Awesome i thank god for you and the information that you share with the new inventors.

[@inventRight]

Thank you Michael! -Stephen

[@kuhlmaximus1536]

Cool and Informative video. Great work as usual

[@inventRight]

Thank you!

[@proinnovate9189]

Excellent video.......and you obviously had fun making it. I'm looking forward to the new book.

[@danvorhis386]

Thanks for the mini-vacation!

[@whatdafuk3]

When I grow up I wana be just like Stephen Key!!)

[@margaritaescobedo841]

Thank you for sharing the importance on licensing agreements. I appreciate the beautiful sceneries in Titicaca, Peru. Amazingly beautiful. Stay safe. Maggie

[@inventRight]

Thank you for watching and commenting! -Stephen

[@jaysonsvisions5024]

Great video I appreciate all your advice. That trip looked amazing sir. You're living the dream I hope to be like you.

[@starlamorgan1148]

Amazing content! So much fun! 😊😘

[@waynefederico9396]

That was a awesome take on your travels.. Janice and you are great together. I remember our 5th grade teacher telling us about Lake Titicaca and just the word made the class giggle a little. That was my first encounter that I wanted to learn an travel outside of my surroundings.. As for the new book can't wait... Jan needs to start a travel channel ~~

[@TrvisXXIII]

I’m going to apply this information to music license agreements

[@sjr4478]

Thank you for the great information. I can't wait to have your new book!!!

[@inventRight]

Get updates about the new book: www.inventright.com/osi-licensing-signup

[@justus9069]

@@inventRight how do we get that book??

[@stevenburton7922]

Great video, Stephen! I learned a lot. Thank you! ....... Stephen do you have a video on how to hand hold or guide a good manufacturer to licensing if they have never done it before? I know you don't advise the inventor to do the licensing ( good advice! ) and a seasoned manufacturer is probably the best route but what if you comes across a good manufacturer that happens to be a group of good people but they are just green. Also, once I get my sell sheet to the manufacturer how long do you recommend before I fallow up with them? Thanks! ....... That floating island was really cool!

[@healthmann]

I will definitely be interested in your new book.

[@inventRight]

Get updates about the new book: www.inventright.com/osi-licensing-signup

[@arwinsilva490]

thank you sir!👍👍

[@samp4050]

This is one of my favourite videos, thanks Stephen. I'm hoping to sign a licensing agreement soon....or two. 😁

[@inventRight]

Sam thank you for watching and commenting! Stephen

[@dpsheals]

Did you ever get your licensing agreement?

[@lanamiasnikova1455]

Thank you Steven for sharing you life time wisdom You are both beautiful .And thus lake I heard is a very special place - hope you have got it' s good vibes .Best wishes from New Zealand !

[@twie6297]

Is this something you help with and make sure when your students get a licensing agreement?

[@servantofjesuschrist2680]

what is a good minimum clause example? Kind Regards

[@reuzohvestioridecan1125]

How do I receive the money from the company that I let borrow my ideas?

[@justus9069]

Hiw do I get the book. "...negotiating a winning licensing agreement"?

[@harmoniousembodiment7203]

Can do without the constant interruptions to interject unrelated scenery and noise music. Time is precious, most are here for the information

[@inventRight]

Thank you for your input!

[@alexreid4131]

*Stephen* I have your other two books. They are excellent. What's the best way to send you my email address to get a heads up on the next book?

[@inventRight]

Get updates about the new book: www.inventright.com/osi-licensing-signup

[@justus9069]

Did you get the book? How do we get it?

[@jimbown9945]

When negotiating a percentage with a potential client, are we referring to a net percentage or gross or is it something else?

[@inventRight]

Typically it’s on the net. You have to be careful how this is defined. People make a mistake all the time when negotiating a licensing agreement. Years ago someone reached out to us after signing a $10 million deal. I asked him why are you signing up. I said you don’t need us. He said yes I do. I made one of the biggest mistakes I did it myself. I left $5 million on the table. I don’t understand sub licensing. This is one area you do not want to do it yourself. -Stephen

[@jimbown9945]

@@inventRight thanks so much,

[@jimbown9945]

@@inventRight Thank you so much. I have learned a lot of important information and I truly appreciate your time and expertise.

[@inventRight]

If we can help you in anyway, please let us know. This is a wonderful industry. It has changed my life. It’s incredible to see something you have made and people sharing it. For more free information. Please visit our site.InventRight.com

[@jimbown9945]

Can I ask if I license something to a company in a different state than my LLC will I need to have another LLC in the state that they are operating in? I was listening to a past podcast and I think I misunderstood.

[@jamesbaughn2374]

How is the negotiating book coming along?

[@inventRight]

It’s done. Just waiting for a big announcement on a project I’m working on.

[@gilbertmartinez6538]

Why all the dialogue ...just post a link where we can SEE a fair licensing agreement to both parties??

[@inventRight]

Hello Gilbert, Thank you so much for commenting and watching. There’s no such thing as a fair licensing agreement. What’s fair to one person may not be fair to another. There’s no such thing as a boiler plate licensing agreement. Everything is negotiable. There’s literally thousands of licensing agreements on the Internet. But I would never use one as a template. My best advice is to work with the licensing attorney. -Stephen

[@gilbertmartinez6538]

​@@inventRight ...so show us a best case scenario ...give us some sort of starting point ...make a long story short

[@gilbertmartinez6538]

@@inventRight ...so show us a best case scenario ...give us some sort of starting point ...make a long story short

[@user-by6rv7mt4k]

how long can we expect a company to take to write a licensing deal ? (rough estimate)

[@inventRight]

It all depends. Companies that work with inventors all the time it could be very quick,a couple weeks. Companies that aren’t familiar or don’t do very many licensing agreements could take a couple months.

[@user-by6rv7mt4k]

i see, thankyou@@inventRight

[@esam7865]

Can you talk more about LLC?

[@inventRight]

What would you like to know?

[@wildnature8773]

How can I order the book

[@inventRight]

Find all of Stephen's books here: www.amazon.com/Stephen-Key/e/B004EHJINU

[@MarceloNascimento002]

Hey Stephen, I'm good with faces... is your wife Janice, Jane fonda's daughter?