{"id":158,"date":"2022-01-28T06:48:25","date_gmt":"2022-01-28T06:48:25","guid":{"rendered":"https:\/\/globalpatentexchange.com\/gpx\/?p=158"},"modified":"2022-03-01T13:54:33","modified_gmt":"2022-03-01T13:54:33","slug":"patent-licensing-agreements-for-inventor-royalty-payments","status":"publish","type":"post","link":"https:\/\/globalpatentexchange.com\/gpx\/patent-licensing-agreements-for-inventor-royalty-payments\/","title":{"rendered":"Patent Licensing Agreements for Inventor Royalty Payments"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">How to license a patented product using Global Patent Exchange<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Patent license agreement checklist<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Prerequisites<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Full patent in at least one country. This will be used for a PCT patent in other countries.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales in the patent country. Sales history will help with licensing negotiations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Documented product build process. The product must be ready to scale.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have the ability to export your patented product. Product export can be used initially in a new country.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Global Market Research<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Work out which international markets suit your patent product. There are 154 patent countries.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider the market size relative to the costs of setting up a PCT patent and license agreement there<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare a Product Description of the Patent Product for the target market<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the Customer Segment Research Tool below to define your ideal customer avatar.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/globalpatentexchange.com\/gpx\/customer\/\"><span style=\"font-weight: 400;\">Customer Segment Research Tool<\/span><\/a><span style=\"font-weight: 400;\"> Work out your target market size, competition and ideal customer.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">List Your Patent<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Download the <\/span><a href=\"https:\/\/gpx.globalpatentexchange.com\/start\"><span style=\"font-weight: 400;\">3 Checklists for Inventors, Entrepreneurs and Patent Attorneys<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/gpx.globalpatentexchange.com\/global-patent\"><span style=\"font-weight: 400;\">List your Patent with Global Patent Exchange<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indicate your target market &#8211; One country \/ European Union \/ Whole World (154 patent countries)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Include your Patent Product Description<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Global Patent Exchange will prepare your Patent Listing online<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Global Patent Exchange Activity<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Global Patent Exchange help match your patent with suitable international organisations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Entrepreneurs and Companies want to expand their product range for business growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Patent Product License Agreements allow new patent products to go into new countries<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Terms and Conditions<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exclusive license into select countries can be arranged using your patent attorney<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Product supply agreements can be arranged for initial product supply for a fixed fee per item<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturing agreements can be arranged in foreign countries when demand is known<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Companies pay royalties at the agreed royalty rate per item sold<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inventors can earn royalty income from each country with a licencing agreement<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Allow 2 months for the new country patent and licensing to be negotiated where both parties agree.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You select which patent attorney to use.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Inventor Intellectual Property Advantage<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">New country patent licensing is scalable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collects royalties from multiple countries<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Royalties are paid and inventors get multiple streams of income ongoing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturing can be grown locally or internationally as agreed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inventor Global Impact and Expansion is achieved without the high capital overhead<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to license a patented product using Global Patent Exchange Patent license agreement checklist Prerequisites Full patent in at least one country. This will be used for a PCT patent in other countries.\u00a0 Sales in the patent country. Sales history will help with licensing negotiations. Documented product build process. The product must be ready to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[3],"tags":[6,11],"class_list":["post-158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inventor-licensor","tag-inventor","tag-patent-agreement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Patent Licensing Agreements for Inventor Royalty Payments - Global Patent Exchange<\/title>\n<meta name=\"description\" content=\"How to license a patented product using Global Patent Exchange. 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