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Benefits of Licensing an Invention

Lambert & Lambert

Headquartered in Minneapolis, Minnesota, Lambert & Lambert provides inventors with the support and guidance necessary to move their inventions from ideas to physical products on the shelves of retail stores. By negotiating licensing agreements with individuals or companies, Lambert & Lambert helps inventors get their products manufactured and distributed, while the inventors receive a percentage of sales.

Licensing is helpful for those who have a great idea for an invention but lack the financial means to create and sell it in large quantities. The smallest of products can require a substantial financial investment to develop, not to mention the costs involved in marketing. Although manufacturing an invention oneself can result in a higher return on investment over time, the upfront costs are steep.
Inventors benefit from optimum exposure and sales when they license their product to a company with a strong brand and market position. Licensing also relieves the inventor of time-consuming tasks such as inventory management, payroll, and sales.

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