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Devise Formula License: simplify online document editing with pdfFiller

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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Invent an original product. Research your market. Do a patent search. Consider filing a provisional patent application. File a patent application. Search for licensees. Sign a licensing agreement. Collect royalties.
Licensing involves obtaining permission from a company (licensor) to manufacture and sell one or more of its products within a defined market area. The company that obtains these rights (the licensee) usually agrees to pay a royalty fee to the original owner.
A "LICENSED PRODUCT means any composition, physical product, device, process, method, service, technical application, development or the like, in the FIELD that, but for this Agreement, would infringe any VALID PATENT CLAIM.
Invent an original product. Research your market. Do a patent search. Consider filing a provisional patent application. File a patent application. Search for licensees. Sign a licensing agreement. Collect royalties.
Examples of licenses include a company using the design of a popular character, e.g. Mickey Mouse, on their products. Another example would be a clothing manufacturer like Life is Good licensing its designs and brand in a certain country to a local company.
With a fairly successful product, you may sell 3 units per store per week, or 156,000 units each year. If the product sells for $25, wholesales for $10, and you have a 5% royalty deal, then you are looking at $. 50 per unit sold, for a total of $78,000 per year.
Turn to the U.S. Patent and Trademark Office for help. First, file a provisional patent application. You can do this yourself online or use a template such as Invent + Patent System or Patent Wizard to help you. The USPTO also has call centers available with staff members on hand to answer questions and offer guidance.
Many inventors wonder if they need a prototype prior to patenting an invention. The simple answer is no'. A prototype is not required prior to filing a patent application with the U.S. Patent Office. While prototypes can be valuable in developing your invention, they can also be costly.
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