摘要 |
A method for securing licensing agreements on newly developed products, which have been submitted to a host company, includes a plurality of steps that grants a third party company an opportunity to evaluate the product while absorbing minimal financial loss and, therefore, increasing the likelihood of successfully licensing the product on a long-term basis. After receiving an inquiry from the third party company, the host company provides a short-term licensing agreement with a development bonus to the third party company. After conducting due diligence and evaluating the product, the third party receives a long-term exclusive licensing agreement. Such a short-term and the long-term exclusive licensing agreements are executed by at least the inventor, the third party company and the host company.
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