Once you’ve protected your innovation or original content, you want to take steps to market and capture the full potential value of the technology. There are many strategies for effectively monetizing your ideas and our team of experienced California business attorneys will work with you to determine which may work best for your particular situation.
In most cases, monetizing ideas involves creating contracts or technology agreements to protect your business and ideas when working with others or sharing your intellectual property. Depending on the monetization strategy your business chooses, you’ll need agreements to patent and technology transactions, intellectual property licensing, employment situations, user license agreements, and more.
For businesses building patent portfolios, you’ll want to have strong agreements in place that protect your products, clearly outline the services you provide, set guidelines on indemnification, and create a fair structure to generate royalty income. Technology agreements are also used to help you obtain the right to use a technology you need to fully develop your product. Some businesses enter into joint venture and development agreements, working closely with other inventors with complimentary skills to create new products or leverage each other’s capabilities.
Our team can also help you negotiate, draft, and understand how to use many other common business contracts such as consulting agreements, end user license agreements, and nondisclosure agreements. These documents protect your business, your team, and your ideas when working with third parties and exchanging confidential information.