Why Improvement Clause is Important to a Potential Licensee
Episode description
The improvements clause is very important to me or a potential licensee. This is because product improvements and design changes all come about, and they usually happen throughout the process.
A company, if they make improvements, they want rights to it. Or if an inventor, makes an improvement on the product, the inventor doesn't want to get improvement out of the deal. So, what are the ways to handle this?
In today's episode, I'll share ways in finding the middle ground that works for both parties on the improvements clauses, how they work, and how to get them into contracts.
P.S. Getting to the point of making money off your invention is hard. That’s why I’m hosting a very special webinar for you on how to get through all of this. At the end of just 1 hour, you’ll know the techniques to get your invention licensed easily and make a monthly passive income.
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This video is about improvements clauses, how they work and how to get them into contracts.