-I have 5 electrical patents on electrical receptacles and switches. -I have models. -I have a working prototype. -I need contacts at medium sized electrical manufacturers to try to license my devices. Will you be at the invention convention in California July 25 ?
Thank you for watching and commenting Robert. Yes, sell sheets and 3-D prototypes are included. We do not provide the videos. But we can help on the copy and storyboard.
@inventRight Stephen, thank you so much for the heads up on Gateway. Your channel helped me understand so much when I invented ReSecure Latch and what not to do with licensing. Now I just need exposure for everyone to know my new hardware product exists, and I believe Gateway will help!
Hello Stephen, thank you for sharing your valuable insights. While I appreciate the knowledge you share, I have a different perspective on the concept of minimum guarantees in licensing agreements. Personally, I believe that compensation should be directly tied to the licensee's success. If they make money from the venture, then I should rightfully earn from that success. If they do not profit, I accept that as part of the inherent business risk. This approach, in my view, aligns with principles of fairness and ethical business practice. I'm interested to hear your thoughts on this perspective!
Hi guys, thanks for the tips. The industry I am looking at will require a patent for sure. Is it common for the company to pay for the patent yet the inventor is still the owner of the patent. Or does the company become the owner of the patent as part of the negotiation normally - and how does that work if I have a provisional patent application?
@@Scott-UA-camAddict great question. Everything is negotiable. We help people negotiate a licensing agreement where the company pays for the patent, but the inventor still owns it. The reason for this… in case they breach the licensing agreement you still own the intellectual property/the patent.
If you can calculate the gross sales per year, take 25% of that and that could be the minimum guarantee. For example your product produces $1,000,000 in sales a year. Your minimum guarantee would be 25% or $250,000 in sales a year to keep the licensing agreement valid. So they would have to sell at least $250,000 a year.
I have a patent product that allows you to remove shut valves, with live pressure, without clossing the main valve, I have prototype, and avoids water dammage also in fire sprinklers, in case they break, can you help find the right company it's a great product, patent on Dicember 2024, safety flow obstruction holder is it's name
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
Powerful words. So so true. Nothing more comforting than an escape clause in the agreement which can literally "save the day".
Thank you 😊
@@nickneil-boss3500 thank you Neil. I hope you’re doing well!
-I have 5 electrical patents on electrical receptacles and switches.
-I have models.
-I have a working prototype.
-I need contacts at medium sized electrical manufacturers to try to license my devices.
Will you be at the invention convention in California July 25 ?
that's perfect thanks Stephen, pls i need more information on gateway
@@benbayo1864 thank you for watching and commenting. Please call us for more information on Gateway.
Your knowledge is so valuable thanks Stephen ❤
@@HenryWoodard-y6b thank you so much please subscribe if you haven’t already.
Thank you, Stephen, for the great knowledge.
@@curtisfarrington2892 thank you for watching and commenting. Please subscribe if you haven’t already thank you Curtis.
Stephen. Does the Gateway price stay the same if I already have the product produced and a Patent Pending status?
@@resecurelatch yes!
We prefer that you have patent pending status. And if you have a product produced even better.
Does Gateway include a Salesheet, and virtual prototype and what if it's a product that needs a video is that included as well ?
Thank you for watching and commenting Robert.
Yes, sell sheets and 3-D prototypes are included.
We do not provide the videos.
But we can help on the copy and storyboard.
@inventRight Stephen, thank you so much for the heads up on Gateway. Your channel helped me understand so much when I invented ReSecure Latch and what not to do with licensing. Now I just need exposure for everyone to know my new hardware product exists, and I believe Gateway will help!
@@resecurelatchthank you!
Thanks for the tips Stephen!
@@Lexnbert thank you so much!
Hello Stephen, thank you for sharing your valuable insights. While I appreciate the knowledge you share, I have a different perspective on the concept of minimum guarantees in licensing agreements. Personally, I believe that compensation should be directly tied to the licensee's success. If they make money from the venture, then I should rightfully earn from that success. If they do not profit, I accept that as part of the inherent business risk. This approach, in my view, aligns with principles of fairness and ethical business practice. I'm interested to hear your thoughts on this perspective!
@@dukefleed8369 thank you very much.
But you need some type of performance clause. Keep them working on your project.
Hi guys, thanks for the tips. The industry I am looking at will require a patent for sure. Is it common for the company to pay for the patent yet the inventor is still the owner of the patent. Or does the company become the owner of the patent as part of the negotiation normally - and how does that work if I have a provisional patent application?
@@Scott-UA-camAddict great question.
Everything is negotiable. We help people negotiate a licensing agreement where the company pays for the patent, but the inventor still owns it. The reason for this… in case they breach the licensing agreement you still own the intellectual property/the patent.
Hi Stephen. I'm not sure what you mean at 2:25 when you say minimum guarantee might typically be "25% of sales". Please can you explain a little more?
If you can calculate the gross sales per year, take 25% of that and that could be the minimum guarantee.
For example your product produces $1,000,000 in sales a year. Your minimum guarantee would be 25% or $250,000 in sales a year to keep the licensing agreement valid.
So they would have to sell at least $250,000 a year.
@@inventRight Thanks Stephen. (I imagine calculate is more like estimate at this stage, though?)
@@Martin-bx1et yes!
Martin, thank you for asking this question, I had a giant ? Above my head on that one.
I hope you guys get to 100K Subs soon~!
Is Gateway for the US only?
I have a patent product that allows you to remove shut valves, with live pressure, without clossing the main valve, I have prototype, and avoids water dammage also in fire sprinklers, in case they break, can you help find the right company it's a great product, patent on Dicember 2024, safety flow obstruction holder is it's name
@@gerardoarmendariz1966 wonderful
This second point is not clear at all?
👍👍👍👍