10 Tips for Landing a Product Licensing Deal


While obtaining a license from a third party to produce your product is challenging, it can be done. Here are ten tips for landing a product licensing deal.
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While obtaining a license from a third party to produce your product is challenging, it can be done. Here are ten tips for landing a product licensing deal.
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· Know your stuff
· Know the downside
· Present like a pro
· Get it protected.
· Submit smart!
· Analyze your targeted licensee
· Don’t reinvent procedures
· Find a champion.
· “No” is an opportunity
· Multiple baskets.
1Examine Your Options: Licensing a Product vs. Starting a Small Business
2) Understand the Math of Starting a Small Business
3) Understand the Math of Licensing a Product/Service
4) Examine Your Options: Licensing a Product vs. Crowdsourcing
5) Get More Information: How Does Licensing Work?
6) Analyze your targeted licensee
7.)Know the downside
8)Multiple baskets.
9) Submit smart!
10)Understand the Patent Application Process