How Stephen Key Negotiates A Licensing Agreement
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- Опубліковано 6 вер 2024
- Are you negotiating a licensing agreement and unsure when to bring in a licensing attorney? In this video, Stephen Key shares his expert advice on handling licensing deals with ease. He reveals why it’s crucial to tackle the business terms yourself first and only involve an attorney later in the process. Learn why jumping straight to legal advice can slow things down and even jeopardize your deal. Stephen explains the importance of asking the right questions, getting small wins, and building momentum to keep negotiations moving forward.
License your ideas, inventions, and products with the help of inventRight. Find out how by calling +1 (650) 793-1477 or emailing support@inventright.com. Do you have the next big hit?
New to the licensing business model? Educate yourself first.
- Read “One Simple Idea”: amzn.to/4fwVVOT
- Explore inventRight’s Free Inventor Resources: bit.ly/3AaGko2
About Stephen Key, inventRight Cofounder
Stephen Key is an award-winning inventor, renowned intellectual property strategist, lifelong entrepreneur, author, speaker, and columnist. He has over 20 patents in his name. The dozens of concepts he has brought to market have retailed in Walmart, 7- Eleven, and Disney stores and parks worldwide and been endorsed by Michael Jordan, Alex, Trebek, and Taylor Swift. He has defended his patents in federal court against the largest toy company in the world, Lego.
In 1999 he cofounded inventRight with inventor Andrew Krauss to teach others his unique process of harnessing the power of open innovation in the licensing business model. His best-selling book about how to license an idea, One Simple Idea by McGraw-Hill, has been translated into six languages.
He has spoken at Stanford University, Florida State University, the University of Michigan, UC Merced, the USPTO, World IP Forum, University of the Pacific, Cal State Fullerton, Washington University in St. Louis, the Art Center College of Design in Pasadena, the Economic Development Agency for Northern Ireland, and many more. He has written five books related to product licensing and intellectual property and is a longtime contributor to Forbes and Inc.
From 2018-2019, he was honored to serve as an American Association for the Advancement of Science-Lemelson Invention Ambassador.
In 2021, Mojo Nation named him as one of the 100 most influential people working in the toy and game industry.
In 2022, World IP Forum named him a “Most Influential and Inspiring Leader Of All Time.”
About Andrew Krauss, inventRight Cofounder
Andrew Krauss is an expert on licensing products ideas for passive income. He has been helping creative people bring their concepts to market with less risk and more success for 25 years as a cofounder of inventRight.
During his tenure as president, he grew the Bay Area Inventors’ Alliance group into one of the most active and well-established inventor associations in the country. In addition to advising the White House on innovation, he has been featured as a speaker at USPTO conferences and on NPR’s Science Friday.
About inventRightTV
inventRightTV is the leading source of information for inventors and product developers on UA-cam. With 80,000 subscribers, average monthly views between 64,000-78,000, and average monthly impressions nearing 1 million, becoming an inventRightTV sponsor ensures you reach an extremely targeted audience. Email madeleine@stephenkeymedia.com for more information and to apply.
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Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that the inventRight LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Such perfect timing, two consecutive licensing agreement negotiation tips videos when I'm in this part of my product's journey!
Effing brilliant
Thank you, Stephen, for all the great information.
@@curtisfarrington2892 thank you so much for watching and commenting!
Thank you for the informative video!
@@bluebear6198 thank you so much!
So incredibly fantastic the Gateway Program
@@jason2012ification we’re very excited about this program!
I just finished my application to the Gateway program. I realize that all the applicants aren't accepted, so the ball is rolling or will stop. No matter what the outcome is, thanks for all the information you and your team have provided to all of us inventors throughout the years. Keep inventing everyone.
@@HandSaversUSA thank you so much looking forward to reviewing your product.
Fantastic mate, remember the spin mop guy made over $300Mil
May God bless your team abundantly.
Thank you so much!
So insightful, thanks heaps!
Thank you for commenting!
Excellent, please do guide me as i am a beginner in this. Many thanks
My best advice keep watching the videos!
I borrowed the One Simple Idea from the local library for free
Is it possible to negotiate a non-exclusive licensing agreement? I want to continue developing and manufacturing my idea without restrictions in all its many flavors. As far as I can see the pie is big enough for many players.
@@RexAnothership yes but it’s not easy.
Is posible to have a meeting suit you and how much it costs thank you
@@juanmanuelgarciaforero5344 just call us. It’s easy.
How much do you charge at Gateway?
@@Grejegando please visit our website thank you.
@@inventRight I have. Thank you. It seems, however, that your business model is centered around those interested in licensing their ideas. Thus, I was wondering if you also have coaches to help with going down the manufacturing and direct-selling route.
@@Grejegando we have. Not my specialty.
@@inventRight Ok, thank you.
@@Grejegandocheck the website
Hi I have an idea but I don’t know how to make the product. It will benefit seniors, overweight men and women and individuals with arthritis in the hand and fingers . Can I still qualify for the gateway
Program. I have some health issues. Please help. Thank you.
@@beverlygobin3509 please call our 800 number Beverly.
I borrowed the One Simple Idea book at the library for free
I like you guys and girls and I've read you book Steven long. I'm no victim but the video picture is in bad taste.
Thank you for watching and commenting!