Basic licensing question

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Basic licensing question

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WellnessNan

posts: 18

Jan 27, 2008 5:47 PM ET Quote Report Abuse

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Lots of articles on licensing, but no clear definition.....is licensing for another company to SELL your product or to MAKE your product?

Thanks.

KateyZ

posts: 10

Jan 27, 2008 8:31 PM ET Quote Report Abuse

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I agree about the reading; however, I beleive it is a "license" for a or a few designated companies to make your product for you.

If I`ve got this wrong someone please correct me.

robertj

posts: 1458

Jan 28, 2008 12:46 PM ET Quote Report Abuse

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Lots of articles on licensing, but no clear definition.....is licensing for another company to SELL your product or to MAKE your product?

Thanks.

Actually it can be either or both. In theory, the patent owner could "authorize" one company to manufacture the product and another to distribute it.

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GetAGrip

posts: 99

Jan 28, 2008 2:22 PM ET Quote Report Abuse

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Normally or in my experience the licensing company will manufacture and distribute. In my case the licensing company gets my product manufactured at my manufacturer overseas for the same cost as me. This allows the licensing company to order quantities on their own, by their sales forecast and does not stick me with inventory. Just my experience.

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Trent Rousey
President - 3R Products, Inc.

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