Does anyone have extensive experience in issuing a product liscence to companies that use your audios in their programs?

Replies to This Discussion

Permalink Reply by Kathleen Hanover on August 3, 2010 at 1:18pm

Hi Heather,

Licensing is a great way to broaden one's revenue base and make passive income.

I'd strongly suggest that you invest in an appointment with an intellectual property attorney who specializes in product licensing, instead of asking for legal advice from hypnotherapists. Yes, you can copy and paste a licensing agreement from somewhere else. But you need someone to explain to you the strategic, long-term implications of the licensing agreements you create. (And an intellectual property attorney can help you make sure that your work is appropriately trademarked.)

You may also want to check with a CPA about the tax implications of revenues from licensing. (Ask if it makes more sense for the licensor to be you as an individual, or a corporation or LLC.)

Best of luck with your venture!

Kathleen

• ▶ Reply

Permalink Reply by Heather Meglasson on August 3, 2010 at 5:39pm

Thank you Kathleen for your guidance on this. I shall contact an intellectual property attorney.

Cheers,

Heather

Kathleen Hanover said:

Hi Heather,

Licensing is a great way to broaden one's revenue base and make passive income.

I'd strongly suggest that you invest in an appointment with an intellectual property attorney who specializes in product licensing, instead of asking for legal advice from hypnotherapists. Yes, you can copy and paste a licensing agreement from somewhere else. But you need someone to explain to you the strategic, long-term implications of the licensing agreements you create. (And an intellectual property attorney can help you make sure that your work is appropriately trademarked.)

You may also want to check with a CPA about the tax implications of revenues from licensing. (Ask if it makes more sense for the licensor to be you as an individual, or a corporation or LLC.)

Best of luck with your venture!

Kathleen

• ▶ Reply

Permalink Reply by Hugh Cole on August 4, 2010 at 3:53am

Lee Wilson's stuff is excellent and well worth the read, not only for audio tapes, but also for those that make videos that may wind up in the public domain.

Hugh Cole
The Pretty Goodest Hypnotist on the planet

Jay Budzynski said:

Hi

3 books worth checking out will give you a solid foundation- in this area.


The Copyright Guide: A Friendly Handbook for Protecting and Profiting from Copyrights
by: Lee Wilson

The Trademark Guide: The Friendly Handbook for Protecting and Profiting from Trademarks (Business and Legal Forms)
by: Lee Wilson

Fair Use, Free Use, and Use by Permission: How to Handle Copyrights in All Media
by: Lee Wilson

• ▶ Reply

▶ Reply to Discussion