What is a Sensible Royalty Rate to Charge?
So, perhaps somebody has recently indicated they would like to license your innovation.
How much do you charge them? How would they pay? Lump sum or regular payments?
Well, there are no set rules here (your IP – you make the rules) but if you step outside the boundaries of convention, you might just put the prospect off.
If you would like to know what a reasonable charge would be for a particular industry, then you need this free chart. The global guide for royalty rates is for any Inventor who wants to license their innovation, even if your product is industrial or consumer-focused.
This should help you understand what you can get from negotiations without insulting the prospective licensee or giving away too much. Click below to download a free copy.
If you would like to know more about licensing or any of the other cash-generating transactions we focus on in the Inventors Academy, then feel free to hit reply below and leave the word "ACADEMY" and I will send you what you need. |