Term Length of Licensing Agreements

3 or 5 years.  Average length of most licensing agreements.  Most [invention licensing] agreements are done for three or five years, with options for the licensee and licensor to renew the agreement after that.”  Patent royalty rate terms.  Product licensing agreement.  (Pamela H. Riddle, chief executive of Innovative Product Technologies quoted in Marcia Heroux Pounds, “Licensing Offer Inventors A Safe Path to Production,” Knight Ridder/Tribune Business News, November 10, 1998)  Read the bio of Pamela Riddle Bird.  Order Pamela H. Riddle Bird's book, Inventing for Dummies.

Term of a licensing agreement explained.  “The period given to market the item, often with renewal periods based on reaching minimum sales levels.”  (Howard Jay Fleischer, “From idea to reality: the next great product idea could walk in your door tomorrow,” Candy Business, September 1, 2004)

Are you looking for an attorney that can answer your questions about invention or product licensing agreements?  If you would prefer to have some professional help from a nonprofit organization, you can contact Inventors Workshop International (IWI) by email or by calling the organization at 805-879-1729.  IWI has been helping inventors and working with patent lawyers and licensing attorneys for more than 35 years.

Sample Licensing Agreements | Licensing Agreement Form Examples

Here are links to several books about invention licensing that feature sample licensing agreements or product license agreement forms for you to review:

1. Complete Idiot's Guide to Cashing in On Your Inventions by Richard Levy
2. Mom Inventors Handbook: How to Turn Your Great Idea into the Next Big Thing by Tamara Monosoff
3. Inventing on a Shoestring Budget by Barbara Russell Pitts and Mary Russell Sarao
4. All I Need Is Money: How To Finance Your Invention by Jack Lander and Richard Stim
5. Inventing for Dummies by Pamela Riddle Bird, PhD, pp. 334-335

Find other sample licensing agreements, licensing agreement form examples and license agreement legal forms online in pdf format.

Find top-selling books about licensing agreements. 

Licensing Royalty Rates

Find information and answers to your questions about invention intellectual property licensing royalty rates.

Licensing Agent Fees

Find information and answers to your questions about fees charged by licensing agents for inventions.

Pros and Cons of Licensing versus Manufacturing

Find information on the advantages of licensing and the disadvantages of licensing compared to the advantages of manufacturing and the disadvantages of manufacturing.