Patent license agreement checklist

Prerequisites

• Full patent in at least one country. This will be used for a PCT patent in other countries. 
• Sales in the patent country. Sales history will help with licensing negotiations.
• Documented product build process. The product must be ready to scale. 
• Have the ability to export your patented product. Product export can be used initially in a new country.

Global Market Research

• Work out which international markets suit your patent product. There are 154 patent countries. 
• Consider the market size relative to the costs of setting up a PCT patent and license agreement there
• Prepare a Product Description of the Patent Product for the target market
• Use the Customer Segment Research Tool below to define your ideal customer avatar. 

List Your Patent

• Download the 3 Checklists for Inventors, Entrepreneurs and Patent Attorneys. 
• List your Patent with Global Patent Exchange. 
• Indicate your target market - One country / European Union / Whole World (154 patent countries)
• Include your Patent Product Description
• Global Patent Exchange will prepare your Patent Listing online

Global Patent Exchange Activity

• Global Patent Exchange help match your patent with suitable international organisations
• Entrepreneurs and Companies want to expand their product range for business growth
• Patent Product License Agreements allow new patent products to go into new countries

Terms and Conditions

• Exclusive license into select countries can be arranged using your patent attorney
• Product supply agreements can be arranged for initial product supply for a fixed fee per item
• Manufacturing agreements can be arranged in foreign countries when demand is known
• Companies pay royalties at the agreed royalty rate per item sold
• Inventors can earn royalty income from each country with a licencing agreement

Inventor Intellectual Property Advantage

• New country patent licensing is scalable
• Collects royalties from multiple countries
• Royalties are paid and inventors get multiple streams of income ongoing
• Manufacturing can be grown locally or internationally as agreed
• Inventor Global Impact and Expansion is achieved without the high capital overhead