Ok so I had an idea. I thought I should patent it. Figured it's too expensive so I decided just to file a provisional. 75 bucks and I'm off. K so my next step was to shop this idea around and try to licence it.I got immidiate interest form some companies. One company wants me to send them a licencing agrement. FUCKING AMAZING...BUT.......Im not gonna lie I didnt think I would get this far. I said sure I'll send you one, but I don't have one and I dont know how to make one.I was thinking I could download a 'boilermaker' agreement and try to figure something out but is seems daunting. Maybe I should pay for this service? What does having a patent attorney write a licencing agreement cost?In the licence agreement Im looking to keep the ownership of idea, and have a royalty fee. Also have them pay for the patent, and have them defend it if needed. The patent IMHO will be relatively cheap to file. Also I am not delusional, this will not make me a millionaire, I am looking for probably a fraction of a % of sales royalty.Should I ask for upfront money for royalties in lieu? Min yearly amount? A clause where if they aren't using it I can take it back?Any advice to send me on the right path I would love. Thanks in advance. see hubwealthy.com/wealthy
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