i have a new invention and want to sell it to playtex.do i sell the rights or idea or patent or what can i sell them so that i stil get royalties.
2007-07-15 09:21:22 · 5 answers · asked by pvtbautista 1 in Politics & Government ➔ Law & Ethics
Sure you can. It just depends on what kind of deal you make with whomever buys the rights.
You could sell it for a big lump sum, or for a smaller lump sum plus royalties. Do what you think is best.
2007-07-15 09:25:37 · answer #1 · answered by mikeburns55 5 · 0⤊ 0⤋
If you patent it, you hold the legal rights to license it how you want.
You can sell it outright, or you can license it under a royalties model. It all depends on what you can negotiate with the buyer.
2007-07-15 09:29:40 · answer #2 · answered by coragryph 7 · 0⤊ 0⤋
I think you should get your idea patented first then sell the idea so body can take the invention a way from you.This way you might be able to get the royalities
2007-07-15 09:31:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can make a deal with some company to make
your product. BUT... do it carefully. An idea can be stolen by an unscrupulous company.
A patent would probably be the best idea, if you
can afford the attorney fees.
2007-07-15 09:29:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
anything is negotiable just depends on how bad they want it
2007-07-15 09:27:18 · answer #5 · answered by goz1111 7 · 0⤊ 0⤋