IdeaBuyer Questions & Answers

Hi Mike, Please message me your email and I can send a portfolio of example products. You can also search for us on Entrepreneur.com.

Hi Toni - All submissions are 100% confidential but certainly feel free to keep your submission vague. If you'd like our team to email you an nda prior to a discussion, you can email info@ideabuyer.com and we'll get back to you shortly! I hope that answered your question! Feel free to send any other questions with your email request for the NDA so we can get back to you quickly. Thank you!

Here is a quick excerpt from the guide; What is Patent Licensing? Legally speaking, you have licensed your patent when you (the licensor) grant exploitation rights over your patent to a licensee (the person you are licensing it to.) Exploitation rights simply means the right to create, market, and/or sell something based on what that patent protects. A license of this nature is also a legal contract, and that contract is what will spell out in concrete terms precisely which exploitation rights are being granted. These include any performance obligations the licensor might demand of the licensee. This means that if any performance obligations are included in the contract (ie, You must produce X number of sales by the year X.), and they are not met, this could lead to the patent licensing being terminated in its entirety. In this context, a license is also revocable ie, cancellable if certain terms and conditions are not met. This is a common characteristic of legal contracts in general, with special ramifications for patent licenses. The only way to grant someone irrevocable exploitation rights, it should be added, is to assign them the patent. Assignments, however, are permanent. They entail the sale or outright transfer of the patent by the assignor to the assignee. An in-depth exploration of patent assignments is beyond the scope of this article, but just know that they are an option if irrevocable exploitation rights are something you seek.) We hope that is helpful.

Hi Nick, We are a vertically integrated team that can do everything from engineering, IP protection, and production quality prototypes to getting purchase orders from major retailers.

Hi Ashley, First, you want to make sure your product is unique and solves a problem. Then, you want to research the market and make sure it is unique and growing. If it meets those first two criteria, it may make sense to continue further. You'll want to look at the complexity of getting it produced and competing products in the market. If it isn't reasonable that you could work with companies to get it to the point of a production quality prototype then it may not make sense to move forward. You'll want to work with a team that understands the importance of protecting your IP (and the steps needed to get their with engineering) and the commercial viability of your potential product.

All of the products we work with are new products. I hope that answers your question.

Hi Gilles, Do you have a patent, inventory, and existing sales?