A Marketing and Licensing Contract
Some invention promotion firms also may offer you a contract where they
agree to act as your exclusive marketing and licensing agent. For this, a
questionable firm may require you to pay an upfront fee of as much as $10,000
and to commit a percentage of the royalties the invention may earn. On the
otherhand, reputable licensing agents typically do not rely principally on
large upfront fees. They normally rely on royalties from the successful
licensing of client inventions and are very selective about which ideas and
inventions they pursue. A request for an upfront fee frequently is another
distinguishing characteristic of a questionable invention promotion company.
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