LICENSING, ASSIGNING OR MANUFACTURING
A. If independent inventor licenses one’s invention to a manufacturer, what royalities can the independent inventor hope to receive via a license?
1. No more than 15% of the net sales. a. Example: If the manufacturer sells invention for $20, but after certain expenses the net sales price is actually $10, the royalty paid to the independent inventor would be $1.50 for the invention.
B. If independent inventor has an independent manufacturer produce the invention for oneself, and the independent inventor sells the invention on the market, what amount would the independent inventor receive?
1. Example: If the invention is manufactured for $2 and the independent inventor sells the invention for $20, the independent inventor would receive $18 profit for the invention.
C. If independent inventor assigns one’s patent to a manufacturer, what royalties and purchase price can the independent inventor hope to receive via an assignment?
1. In addition to the royalties cited in the example for licensing one's invention, the inventor could receive tens or hundreds of thousands of dollars for the purchase price for one's patent.
D. The following are some recently Patented Inventions made & sold by the Inventors themselves: