We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

What is an acceptable rate for a licensing agent

RoobleeRooblee subscriber Posts: 1 Member
I have an invention which I've taken past prototype stage and am now keen to launch.

I really don't want to get too much into the business aspect, as I'm more of a designer, and would prefer to license off my idea & concentrate my efforts on the creation of other concepts.

Therefore, does anyone have average costs of what to expect to pay a licensing agent.
- Upfront fees to the agent??
- Initial contract amount and ongoing % royalty that I would expect to receive from interested party if it were licensed?
- % of this contract amount and royalties that the agent would receive?

I'm a well experienced engineer with over 30 years' experience in design, mfg. etc. and can take the inventions to a relatively advanced stage- ( i.e. concept design, 3d modelling, prototyping, 3d printing, tooling etc.)
Therefore I hope that the agent fees will be minimal??
Wish-full thinking, eh!!!

Any feedback or advice will be gratefully received.
Sign In or Register to comment.