Become a Professional Inventor PDF
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B E C O M E A P R O F E S S I O N A L I N V E N T O R The Insider’s Guide to COMPANIES LOOKING FOR IDEAS. S T E P H E N K E Y WITH JOHN C. LEE EDITED BY MADELEINE KEY & JANICE KIMBALL KEY STEPHEN KEY MEDIA Copyright © 2020 by Stephen Key Media, LLC. All rights reserved Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. This publication shall not be construed under any circumstances, by implication or otherwise, as the giving of legal advice and/or the practice of law. ver ii Cover & Interior Design By: James Shehan To Madeleine, my eldest daughter, thank you for giving me a voice. “Coming together is a beginning, staying together is a process, and working together is success.” — Henry Ford CONTENTS Title Page Dedication Preface Acknowledgements Foreword Introduction PART ONE 1. Companies Are Looking for Your Ideas! 2. Licensing: The New Business Model Licensing Versus Venturing PART TWO 3. Behind the Scenes of the Invention Submission Process 4. Submitting Your Idea to The Right Company PART THREE 5. rotecting Your Ideas 6. What You Need to Land a Licensing Deal 7. Reaching Out to Potential Licensees PART FOUR 8. The Dreaded Silence 9. Reasons Why Your Product Idea Was Rejected PART FIVE 10. Preparing To Answer The Hard Questions 11. From Initial Interest to a Deal: Negotiating Licensing Agreements PART SIX 12. Where's the money? 13. Fighting to Get Paid PART SEVEN 14. 28 Interviews With Industry Insiders INTERVIEWS Toys Brian Chapman Ben Dermer David Small Sara Farber Bob Ruginis Jesse Faunce Hardware Corey Talbot Health and Beauty, Massage Apparatus, Travel Accessories Lawrence Cruz Pets Jonathan Zelinger Amanda Hutton Ward Myers Cannabis Jonas Matossian Arkady Grigoryan Juvenile and Baby David Contract Dental Mike Parlante Novelty Gift Sam Hurt DRTV Trish Dowling Hospitality David Middleberg Sports Medicine Donald Bushby Music Justin Norvell Bob Kasha Kitchen Brendan Bauer and Hilton Blieden Automotive Atul H. Patel Golf Simon Touma Ed Holda Organization Jeff Gawronski Packaging Barry McKillip Product Development Louis Foreman 15. Increasing Your Chances of Success
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