The UIA Inventor Resource Room is full of documents, articles, and videos and more all about the process of product development and commercialization for our member inventors and entrepreneurs. Information contained in our Resource Room is provided as a courtesy, and does not imply endorsement, recommendation and/or approval of any company or organization. Information is kept as current as possible and is regulary updated. Check back often to see what we have added, and if you find a link or something you feel other members would enjoy just send us an email at firstname.lastname@example.org and include the section of the Resource Room it should be placed in.
Can’t find what you’re looking for? Please CONTACT US, we’re here to help!*
*Questions and comments sent to the UIA may be publicly posted by the UIA for educational purposes; however, we will not share personal sender information.
Support Our Cause
Empowering Inventors through Education, Access & Advocacy
3 Sample Documents
Product Licensing Agreement
Product licensing is one of the easier ways for inventors to get their new product to market. Product licensing is essentially where a company will rent, or license, a product from an inventor and then provide the necessary capital, manufacturing, and distribution of the product. The inventor (owner or Licensor) collects a royalty payment based on sales made by the company (the renter or Licensee). Because the company has the capital and resources to bring the product to life, licensing tends to be faster, more affordable, and more profitable for inventors.
We’re often asked for sample documents and have included the following 3 samples to help you learn some of the common language used in the agreements. They are provided for educational purposes only. Throughout the process relying on legal advice is strongly advised. It is important that you not only seek out the expertise of an attorney, but that you also listen to the advice and make sure you understand the implications if you don’t take their advice.
Please note: The UIA does not provide legal advice. We ALWAYS recommend that you retain your own lawyer to help you with any contracts and legal issues, it just makes good business sense!
Official Disclaimer: THIS SAMPLE DOCUMENTS ARE BEING PROVIDED BY THE UNITED INVENTORS ASSOCIATION STRICTLY AS AN EXAMPLE AND DOES NOT CONSTITUTE LEGAL ADVICE. IT IS STRONGLY RECOMMENDED THAT YOU SEEK ADVICE OF A QUALIFIED PATENT ATTORNEY BEFORE ENTERING INTO ANY AGREEMENTS RELATED TO INVENTIONS OR PATENTS.