I get questions about licensing from inventors all the time. Licensing your intellectual property (IP) or patent(s) can be a very viable and profitable option to those who do not want to go through the high cost and trial and error of manufacturing their product and selling it on their own or through distribution channels. In contrast to assigning or out right selling your patent(s) where you relinquish all rights to it, licensing allows an inventor to keep rights to his or her IP while allowing manufacturers and/or retailers to just license the technology. With this scenario, the inventor can license the IP to multiple licensees through non-exclusive licenses wherein the license agreement can be structured on the inventors terms, such as royalties based on sales, guaranteed royalties, upfront payments, etc. If you are looking for a patent attorney here in the Dallas area to help you with licensing your IP then please contact us to see how we can you maximize the true potential of your IP.