The royalty rate is the price a licensing partner is willing to pay for your intellectual property rights. Calculating it is just as important as determining the royalty rate amount. The more critical or significant your IP is to revenue and profitability, the higher the royalty rate. But that’s not […]
How IP Builds Upon IP to Create Bigger Money Making Opportunities
All intellectual property is linked to prior invention, knowledge, and creativity. Often enhancing an old technology generates valuable new inventions, or adapting an old artistic tradition results in new creative works. IP builds upon IP, creating new industries, businesses, markets and wealth creating opportunities. Throughout history, intellectual property has played a big […]
How to Prepare for an Intellectual Property Valuation
Even if you are “commercializing” your IP by selling your product or services, you can be overlooking its value. Your IP can help establish creditworthiness and can qualify you to get bank financing to expand or launch a business. This strategy is used by both companies with well-known brands (i.e. […]
Value vs. Price: What’s the Difference?
Price is an expression of value. It’s derived from what the IP owner believes is the economic benefit from using the intellectual property, the lack of any competitive alternatives, and the negotiating skills of the licensee and licensor. The value of your IP is what it’s economic worth (i.e. future […]
3 Ways to Use Your IP to Build a Competitive Advantage
In today’s IP centric economy, your intellectual property is your competitive advantage foundation. IP creates a competitive advantage in several ways – licensing i exclusive rights to an outside IP, license out your IP to generate revenues and combine your IP to create a competitive moat. Acquiring exclusive rights to the […]