Product licensing

Lexington Business Law Attorneys

If you have created a new invention or have improved on an existing product you may be interested in licensing your idea to industry. When you license a product you agree to allow industry to use your idea in exchange for a percentage of the sales. We can help you profit from your idea with minimal required up front expense.

There are many benefits to product licensing. You do not have to worry about manufacturing, marketing, or distribution. You also do not bear any risk of loss so if your idea ultimately isn't profitable for any reason you do not lose a substantial investment or end up in debt.

Nearly any invention or product improvement may be suitable for licensing. This includes everything from improvements to product packaging to kitchen gadgets to industrial equipment. Thousands of companies around the country and the world are interested in considering idea submissions.

We can assist you with patent submissions, trademarks and copywriter law. We can also help review contracts for prototype designs, confidentiality agreements and ultimately your product licensing contract with industry. All proposals are held in strict confidence and are protected by the attorney-client privilege. There is no charge for your initial meeting to discuss your invention or innovation with our product licensing attorney.