Roger Brown an experienced inventor emailed me to let me know about a post he wrote for Inventors Digest. Roger talks you through his process to license your invention ideas without spending a fortune. There seems to be very little talk about licensing and how to go about it so Roger’s 12 step process to licensing invention ideas is a great read.
Roger talks about how he uses an NDA (non disclosure agreement) rather than paying for a patent and how you can prepare a sell sheet (drawn up version of your invention idea) rather than paying a fortune for a prototype.
“There are two questions that come up any time I talk to inventors. The first is “Do you really get your invention ideas licensed for under $100?” When I say, “Yes,” the second question is “How?”
Its interesting reading check it out at www.inventorsdigest.com