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How Licensing Deals Really Get Done: A Conversation With a Product Development Firm Owner
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How Licensing Deals Really Get Done: A Conversation With a Product Development Firm Owner
Photo: Pexels A licensing deal gets done when a company agrees to make and sell an inventor’s product in exchange for payments, usually a royalty on sales. Reaching that point follows a sequence, and the sequence rarely matches the overnight version inventors imagine. We asked Trevor Lambert, co-owner of Enhance Innovations, an invention design firm working from Champlin, Minnesota since 2010, to describe how these deals actually come together. …
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