Inventors who lack the infrastructure necessary to manufacture and market their inventions can benefit through licensing their product with a company that is equipped to manufacture their invention. With a manufacturing licensing agreement, the inventor can give another company limited permission to manufacture the product. Creating such an agreement is extremely complex, and the failure to create a sound agreement can have lasting negative consequences. It is important to work closely with a lawyer who will protect your interests both now and in the long term.
Patent lawyer Richard G. Eldredge provides strategic, effective representation to clients in all stages of the patent process. From the patent application to patent prosecution, to creating effective licensing agreements, he is well-equipped to meet your specific needs.
Developing Manufacturing Agreements For Inventors Across The United States And Beyond
In any manufacturing license agreement, the licensor (the inventor) and the licensee (the manufacturer) must reach consensus on a number of issues, including:
- The property that will be licensed
- A complete description of the licensed property
- Whether the licensee has exclusive rights to manufacture and market the product
- The geographic scope where the product will be marketed and sold
- Quality control issues
- Royalty rates for the licensor
- The length of the agreement
When you work with the Eldredge Law Firm, you will work closely with our attorney throughout the process. We will get to know you and your goals in order to structure an agreement that is tailored exactly to your needs. If you are negotiating with numerous manufacturers, a nondisclosure agreement will also be vital in keeping competitors from using your invention without your permission. We have a sound understanding of the legal and business issues involved in these issues and will work tirelessly to protect your rights.
Contact The Eldredge Law Firm
With offices across the Dallas-Fort Worth area, as well as a location in Denver, Colorado, we offer a free initial consultation to discuss your needs. Call 682-990-2073 or email us to get started.