How Product Licensing & Open Innovation Works

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Published at : 30 Dec 2020
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What is licensing? What does it mean to license a product? "One Simple Idea" author Stephen Key explains how product licensing works and includes numerous examples of licensed products. Have a product idea? Consider licensing it!

Examples of licensed products:

Squigz: https://www.fatbraintoys.com/toy_companies/fat_brain_toy_co/squigz.cfm
Whiskey Wedge: https://corkcicle.com/products/whiskey-wedge
Guac Lock: https://casabella.com/products/guac-lock/
Zip It Drain Cleaner: https://www.homedepot.com/p/Zip-It-Bath-and-Sink-Hair-Snare-BC00400/100665735
Perfect Pitcher: https://www.sanjamar.com/product/perfect-pitcher/

inventRight is a one-on-one coaching program that has helped people from more than 40 countries license their ideas for new products. It was founded by Andrew Krauss and Stephen Key in 2001. Visit http://www.inventright.com for more information and to become their student.

Call #1-800-701-7993 to set up an appointment with Andrew or another member of the inventRight team to discuss how we can help you license your ideas.

New to licensing? Read inventRight cofounder Stephen Key’s bestselling book “One Simple Idea: Turn Your Dreams Into a Licensing Goldmine While Letting Others Do the Work.” Find it here: http://amzn.to/1LGotjB.

Want to learn how to license your product ideas without a patent? Stephen's book “Sell Your Ideas With or Without a Patent” explains exactly how. Find it here: http://amzn.to/1T1dOU2.

inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
inventionideaStephen Key

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