Licensing Contract Cost

Typical costs:

• Look at existing licensing agreements, such as those included with the software programs on your computer. Don't copy them exactly, but use them to get a sense of what needs to be in an agreement. Many websites post free sample agreements^[1] , and companies such as LawDepot.com^[2] or Nolo Press provide online forms that can be adapted to your needs for $10-$50 or more, depending on the level of service/advice provided.
• If you want a licensing agreement tailored to your specific situation, most attorneys charge $100-$300 or more an hour. A simple contract typically takes about 3-4 hours, or $300-$1,200 or more -- which includes an initial draft plus revisions. The more complicated the product or situation, the more time it will take and the more it will cost.
• Having an attorney review a licensing agreement proposed by the other party could take an hour or more, or anywhere from $100-$500 and up depending on how much work is involved and the attorney's hourly rate.

• A licensing agreement needs to clearly define the scope of the license (so the owner retains the ultimate ownership rights), any money involved (such as a one-time license fee, royalties or monthly payments), the term or length of the agreement, prohibited uses and other details. Lawyers.com provides an overview^[3] of licensing agreements.
• The Yale Library has compiled information about licensing and maintaining collections of digital information, including a standard licensing agreement^[4] and a list of general clauses^[5] that appear in licensing agreements.
• FindLaw.com provides an overview of licensing an invention^[6] .

• If your lawyer negotiates for you, it could take more time and cost more. Remember that your attorney may have to talk with you about what you want, talk with the other party, talk with you again about the other party's proposals, then get back to the other party with your response. A negotiation that might take you about 15 minutes in direct conversation with the other party could take an hour of your attorney's time.

• Some people cut costs but still get legal guidance by using a free sample agreement to create a document, then have an attorney review it. This works only if you start with a valid sample contract.

• In business law, attorneys who handle legal disputes are litigators while those who handle contracts, securities and other business matters are transactional lawyers. An Illinois attorney provides tips for selecting^[7] a business lawyer.
• Licensing agreements come under intellectual property law. Referrals to intellectual property attorneys are available from Lawyers.com^[8] and FindLaw.com^[9] .
• Your attorney should provide you with a written fee agreement; be sure you understand what is or is not included, and all potential costs.

1.  www.google.com/search?client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&channel=...
2.  www.lawdepot.com/searchzoom/?zoom_query=licensing+agreement&zoom_per_page=10&zoom_...
3.  intellectual-property.lawyers.com/common/content/print_content.php?articleid=1001788&
4.  liblicense.crl.edu/
5.  liblicense.crl.edu/
6.  smallbusiness.findlaw.com/intellectual-property/invention-licensing-versus-manufac...
7.  www.illinoisbusinessattorney.com/articles/selecting_business_attorney.html
8.  www.lawyers.com/intellectual-property/find-law-firms-by-location/
9.  lawyers.findlaw.com/lawyer/practice/Intellectual-Property-Law

Check Out All Costs for Small Business		How Much Does an Event Planner Cost?		How Much Do Business Cards Cost?		How Much Does Office Cleaning Cost?

Today's Featured Cost Articles

After eating all that candy, is it time to see your dentist? Repair leaks before the rain starts pouring. It's a good idea to have the furnace checked in the fall, before you need it. Fall begins Monday, September 23. How about backpacking? October is Breast Cancer Awareness Month. When was your last mammogram?

About CostHelper

CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community

$0 Co-Pay on the shots Paid: 0.00 Kaiser set up the allergy shots as “injections” in their system so I don’t have to pay a co-pay when I go for my weekly shot (administered by a nurse)... [more] -Bean Allergy Shots Cost Declawing Paid: 0.00 I have had several cats. I’m 65 years old. I have declawed every single one of them. They lived happy, healthy lives. Most passed away or cancer. All my cats were never hungry, mistreated nor were they left alone... [more] -Lucinda Britton Cat Declawing Cost Cold Water Reroute Paid: 2725.00 Price is supposed to cover anything they need to do to reroute the water line... [more] -txpickett Slab Leak Cost Rewire Older House Paid: 7100.00 quoted $7100, to replace/upgrade panel, Relocate panel from outside to indoors. update all the outlets and install Ceiling Fans. Didn't understand why it didnt take longer than a day to complete the job... [more] - Rewiring a House Cost Er kidney stone treatment Paid: 17834.00 Very expensive for four hours and no intervention other than pain meds and fluids pushed through iv... [more] -Kattarina Kidney Stone Treatment Cost bone marrow biopsy Paid: 25186.50 This was the bill for a 30 minute procedure that was done by a nurse not an MD. to read the biopsy the charge (in the bill ) was 12,600.this is crazy!I am a Veterinarian and I would have charged -MAX 3000.00 total to the pet parent... [more] -Kevin Schultz Biopsy Cost