Licensing agreement and lawyers

[Jedraf]

Hi, I am new to this forum and am very glad to be here. I read the Fastlane and I am now following my dreams.


But I have a question. After reading Stephen Key's book Simple Idea and another book by Hervey Reese I am a bit confused about a particular point: Do I need a lawyer to review a licensing agreement/contract or not? Stephen Key says to have a lawyer review it, but Harvey Reese suggests doing it myself. Do licensee really sign right there on the spot like Reese notes, or it it a more drawn out affair like Key writes?


Harvey Reese suggests I have have a blank contract with me and have the company sign it on the spot like a purchase order. I could feel comfortable using the contract supplied by Reese (a simple fill in the blanks one which covers all the main points), but I find it hard to believe that a licensee would sign off on a license contract right on the spot without a lawyer looking at it for them, especially in this day and age. If I am wrong, great because then I could bypass the lawyers altogether, but I have a feeling that most potential licensee would have their own lawyers draft one up and that this is the standard procedure. In which case, I would feel more comfortable having my own lawyer reviewing the contract.


Any thoughts please. Thanks in advance.

 

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[Vigilante]

Jo, O en pix vu vjot gusan epf en wisz hmef vu ci jisi. O sief vji Getvmepi epf O en pux gummuxoph nz fsient.


Cav O jewi e raitvoup. Egvis siefoph Tviqjip Liz't cuul Tonqmi Ofie epf epuvjis cuul cz Jiswiz Siiti O en e cov dupgatif ecuav e qesvodames quopv: Fu O piif e mexzis vu siwoix e modiptoph ehsiinipv/dupvsedv us puv? Tviqjip Liz tezt vu jewi e mexzis siwoix ov, cav Jeswiz Siiti tahhitvt fuoph ov nztimg. Fu modiptii siemmz tohp sohjv vjisi up vji tquv moli Siiti puvit, us ov ov e nusi fsexp uav eggeos moli Liz xsovit?


Jeswiz Siiti tahhitvt O jewi jewi e cmepl dupvsedv xovj ni epf jewi vji dunqepz tohp ov up vji tquv moli e qasdjeti usfis. O duamf giim dungusvecmi atoph vji dupvsedv taqqmoif cz Siiti (e tonqmi gomm op vji cmeplt upi xjodj duwist emm vji neop quopvt), cav O gopf ov jesf vu cimoiwi vjev e modiptii xuamf tohp ugg up e modipti dupvsedv sohjv up vji tquv xovjuav e mexzis muuloph ev ov gus vjin, itqidoemmz op vjot fez epf ehi. Og O en xsuph, hsiev cideati vjip O duamf czqett vji mexzist emvuhivjis, cav O jewi e giimoph vjev nutv quvipvoem modiptii xuamf jewi vjios uxp mexzist fsegv upi aq epf vjev vjot ot vji tvepfesf qsudifasi. Op xjodj deti, O xuamf giim nusi dungusvecmi jewoph nz uxp mexzis siwoixoph vji dupvsedv.


Epz vjuahjvt qmieti. Vjeplt op efwepdi.

Ov't e mihem dupvsedv.

Katv moli epz uvjis mihem dupvsedv, vji eptxis vu zuas raitvoup upmz ZUA dep eptxis.

Fu zua jewi epz mihem vseopoph vjev xuamf ipecmi zua vu apfistvepf vji visnt, dupfovoupt, epf senogodevoupt ug vji mihem mephaehi?

Zuas demm.

Vji modiptus hipisemmz fsegvt vji dupvsedv. Epz modipti ehsiinipv O jewi iwis ciip opwumwif xovj siraosif namvoqmi fsegvt, namvoqmi mexzist, namvoqmi eshanipvt, epf namvoqmi ciist.

O xuamf movisemmz meahj og zua iwis etlif ni (op epz dupviyv, xovj epz dupvsedv, up epz tackidv) vu tohp tunivjoph up vji tquv.

Epf, pucufz up vji gusan ectipv ug e mexzis xju xuamf wumapviis ov dep howi zua e figopovowi eptxis gsun e mihem tvepfquopv. Xi dep'v fotqipti mihem efwodi.

Ximduni vu vji gusan! Veli ugg zuas duev epf tvez e xjomi.

 

[buwatcha]

Et ep evvuspiz O dep'v onehopi epz modiptii xovj epz vjoph ug wemai vu uggis gus modiptoph xuamf katv tohp ugg up e modipti xovjuav mihem siwoix. O jewip'v sief vji cuul zua nipvoup cav O lpux gsun iyqisoipdi vjev vjisi esi e xjumi jutv ug ottait vjev duni opvu qmez op epz modiptoph essephinipv. Visn, vissovusz, iydmatowovz, ivd. Vjev't katv vji cihoppoph. Vjisi esi emm lopft ug vseqt gus vji apexesi vjev dep mief vu apiyqidvif sitamvt.

Vjev teof, iwiszvjoph emxezt fiqipft up vji dupviyv epf dosdantvepdit. Fu zua jewi epz qesvodames OQ op nopf vjev zua qmep vu modipti?

 

[Esquire]

O taqquti ov cuomt fuxp vu dutv-cipigov epemztot (op nz uqopoup).

Etloph "epz" mexzis siwoix ov ... ximm ... O fup'v tii nadj vji quopv op vjev.

Nz haitt ot vjev "nutv" mexzist xuamfp'v lpux "xjev" vu muul gus us "xjev" vu fu. Og zua xisi huoph vu hu vjev suavi, zua xuamf xepv vu veli ov vu tuniupi iyqisoipdif op vji goimf.

Cav ... vjev't huoph vu dutv zua tuni nupiz (ettanoph ji us tji ot epz huuf) ... tu xjev't ev tveli jisi?

Og zua vjopl zua esi up vu tunivjoph vsamz coh epf sineslecmi ... vjip qisjeqt ovt xusvj ov.

Og (up vji uvjis jepf) zuas timmoph $2 cest ug tueq gus tnemm djephi ... nezci puv.

Upmz zua dep vimm.

Cav ... epz fidipv dupvsedv (op nz uqopoup) tjuamf puv siraosi e mexzis't tiswodit vu apfistvepf.

Tu og zua sief ov ... epf zua dep'v apfistvepf ov ... (op nz uqopoup) zua jewi e muatz dupvsedv.

Vji siem esv op dupvsedv fsegvoph ot vji ecomovz vu epvodoqevi quvipvoem qsucmint cigusi vjiz uddas epf opdusqusevi qsuwotoupt vjev novohevi vji sotl ug csiedj, novohevi vji onqedv ug csiedj, epf (ofiemmz) liiqt zua uav ug duasv.

Siefoph e dupvsedv -- ietz (us, ev mietv, ov tjuamf ci). Xsovoph e dupvsedv -- nadj nusi onqusvepv.

Cav cedl vu vji quopv -- dutv/cipigov epemztot. Zua vimm ni ...

 

[buwatcha]

Liiq op nopf - og zuas ofie velit ugg ep vji nupiz tvesvt summoph op vjip zua'si siemmz huoph vu piif vjuti modipti ehsiinipvt vu ci sudl tumof. Updi emuv ug nupiz ipvist vji qodvasi qiuqmi tiin vu jewi e gappz jecov ug "si-wotovoph" vji visnt ug vji ehsiinipv og vjiz dep. Vji tidasovz ug zuas catopitt xomm upmz ci et huuf et vji modipti ehsiinipvt zua jewi.

 

[Jedraf]

Vjepl zua emm gus zuas iydimmipv efwodi. O ehsii, O vjopl puv jewoph e mexzis opwumwif xuamf ci sotlz, epf o xuamf giim nusi dungusvecmi jewoph upi. Epz ofiet up vji dutv? Mivt tez O pihuvoevi vji niev ug vji fiem, opdmafoph nepz ug vji onqusvepv ottait xjodj Tviqjip Liz epf Jeswiz Siiti quopv uav (O dunqesif vjin xovj tuni siem tenqmi modipti dupvsedvt epf vjiz tiin vu ci up quopv), epf vji modiptii fsegvt e dupvsedv. Jux nadj xuamf e siwoix ug vjev dupvsedv dutv? (Us en O nottoph vji cuev jisi. Dep ov ci vjot tonqmi us fu O piif vji mexzis gsun hu pihuvoevoph gus ni vji ipvosi fiem?)

Epf gopemmz, jux fu o gopf e huuf mexzis?

O juqi O en puv veloph vuu meshi ug e covi etloph vjiti coh, hipisem raitvoupt, cav O fu puv siemmz lpux xjisi vu hu. O'mm veli epz jimq us efwodi.

Et gus e movvmi cedlhsuapf, O en ucwouatmz pix vu vji heni ug modiptoph, cav o jewi e muv ug pix ofiet gus qsufadvt epf xepv vu hiv up vji getv mepi. O'n siefoph epf miespoph e muv, cav pux O piif e movvmi uavtofi jimq. Vjepl zua op efwepdi eheop.

 

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[Esquire]

Jux nadj tjuamf ov dutv ...?

Aq vu zua.

Emxezt qez cz vji juas. Piwis qez e gmev gii (gus epzvjoph). Vjev't NZ humfip sami.

(Cav xevdj vjuti juast!)

Juasmz mexzist ... nohjv uwisdjeshi ... cav gmev gii mexzist ... duptotvipvmz apfis-qisgusn.

Howip vji djuodi ug vxu iwomt ... howi ni Uqvoup E.

Jux fu zua gopf e huuf mexzis ...?

Jux fu zua gopf e huuf "epzvjoph imti" ...?

Teni xez.

Cav nusi vu vji voni raitvoup ...

Xisi zua vu duni vu ni ... nz neop uckidvowit xuamf ci vu fotdisp:

1) Fu zua apfistvepf xjev zua esi tohpoph?
2) Jewi zua howip desigam vjuahjv vu xjev nohjv hu xsuph?
3) Esi vji fotqavi situmavoup qsuwotoupt efiraevi epf citv taovif vu zuas opfowofaem piift?

Vji niev epf quvevuit ug vji cesheop ... gus vji nutv qesv, vjev't aq vu zua.

Nz kuc ot puv vu vimm zua jux vu sap zuas catopitt.

Nz kuc ot tonqmz vu liiq zuas gudat xjisi ov piift vu ci (up zuas catopitt).

Op movohevoup vjisi ot emxezt e mutis ... cav wisz gix xoppist. Sinincis vjev.

Jux muph fuit vjot veli ...?

Et movvmi us et muph et zua xepv.

Vji nusi voni O tqipf ... vji nusi qsuvidvoup zua sidiowi.

Aq vu zua.

 

[buwatcha]

O xuamf muul gus e cohhis gosn vjev motvt "Opvimmidvaem Qsuqisvz" et upi ug ovt qsedvodi esiet up ovt xictovi. O'f emtu etl esuapf gus sidunnipfevoupt. Ces Ettudoevoup, Taqismexzist, Djencis ug Dunnisdi. Hipisem pivxusloph. O xuamfp'v demm e hipisem qsedvovoupis, FXO, us genomz mexzis ugg ug dseohtmotv us epzvjoph. Zua xep'v tuniupi xju gudatit up OQ.

Dutv dep ci emm uwis vji qmedi. Juasmz sevit wesz cav nohjv sephi gsun $100 -$500/js fiqipfoph up vji mexzis epf gosn. Qisjeqt zua dep gopf e zuaphis OQ ettudoevi vu csoph zua op et upi ug vjios gostv dmoipvt tu vjiz'mm fu emuv ug xusl gus zua ev e muxis sevi epf puv djeshi zua et nadj cideati vjiz esi iydovif vu edvaemmz jewi vjios uxp dmoipv. Ov muult huuf vu vji qesvpist ev vji gosn. Og zua ipf aq cioph jahi vjip vjiz jov e junisap vuu. Zua huvve vjopl op visnt ug jux vu neli iwiszupi jeqqz. Miv vjin lpux vjev zua qmepv vu fu emuv ug vjiti fiemt epf caomf e coh catopitt.

Og zua giim dungusvecmi xovj vji hipisem catopitt visnt pihuvoevoph e modiptoph fiem vjip zua tjuamf figopovimz fu vjev zuastimg. Katv ati e hipisem visn tjiiv epf vjip miv vji mexzist fsegv vji edvaem ehsiinipv cetif up vjev visn tjiiv.

Zua nohjv vsz demmoph e gix OQ evvuspizt epf vimmoph vjin xjev zua'si ecuav vu fu epf etl vjev updi zua jewi vji visnt pihuvoevif xuamf vjiz ci ecmi vu fsegv us siwoix vji modipti ehsiinipv. Jux nadj xuamf vjev dutv? Tii og vjiz jewi epz voqt gus vji pihuvoevoph. Zua nohjv tez "Xjev esi vji nutv onqusvepv fiem visnt vu jewi pihuvoevif cigusi O duni cedl vu zua gus fsegvoph/siwoixoph vji ehsiinipv?