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The Exclusive Full Licensing / Commercialization Process
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The FrontPoint Services Exclusive Full Licensing / Commercialization Process walks an individual inventor or company through the entire development, patent, and licensing process. Many small inventors look at the process of marketing a product or service as a major up-hill endeavor. To start a company, they should be ready to plan and implement a sales team, development staff, marketing, accounting, and implement quality assurance. With our process we can jointly evaluate whether it makes more sense to starting their own company or simply looking for a third party in a similar market to whom they should offer a license. Licensing offers the ability to realize a royalty on every product their licensee sells. The capital outlay is generally significantly less, and working together, everybody wins.
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Intellectual Property Department
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Many small to mid size companies leave literally millions of dollars on the table by not having an Intellectual Property staff to review patentable ideas, interact with external counsel, monitor and track internal and external developments, and educate their development and business staff on the value of Intellectual Property. Any company with a development staff and no employee agreement with respect to intellectual property runs the risk that their entire development ideas, secrets, mistakes, and customer contacts go out the door every night with each of their employees. Employees respond to incentive programs. We can help with all these issues.
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Business Acquisition and Sales Support
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The advantage of buying a successful business as opposed to starting a new one can be significant. A purchase can eliminate a huge amount of risk and uncertainty – you have existing , and proven, customers, staff, vendors, and relationships. Many business purchases are based on acquisition of assets, not stock, meaning that the purchaser is only interested in the assets not the liabilities. The buyer usually has the books audited, environmental studies delivered, and inventories checked and double checked. Aspects of assets that can turn into liabilities – such asembedded proprietary technology. Imagine acquiring a company assuming that it developed all its internal technology only to find out that the systems and technology infringe on other’s patented technology. A right-to-practice search can help. At FrontPoint Services we can work with your Intellectual Property Legal team to map out technologies that need to be evaluated.
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Stand Alone Business Plan Development
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A written guide to starting and running your business successfully is essential. This plan will aid clients to get loans approved, promote growth, and provide a roadmap for you to follow. Too many people think strategic planning is something meant only for big businesses, but it is equally applicable to small businesses. Strategic planning is matching the strengths of your business to available opportunities. To do this effectively, you need to collect, screen, and analyze information about the business environment. You also need to have a clear understanding of your business - its strengths and weaknesses - and develop a clear mission, goals, and objectives. Acquiring this understanding often involves more work than expected. Business owners must realistically assess the business they are convinced they know well.
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Internet Site Development
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If you need a place to “show-off” your invention, a web site is the perfect place. The Internet is available 24/7 to allow all your potential licensees to see your product or service at any time they want. With our Internet development platform, there is no need to understand internet page development and support. We provide all the services to create and host a web site for you. We can add images, videos, contact information, and offering information , simply and easily. Just type and click and the information you want your prospects to see, at any time. Your domain name can be added if necessary.
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Educational Series / Presentations
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If you need a general understanding of Intellectual Property, we can provide it. These FREE seminars are a great way to ask business related and technical questions regarding patents, copyrights, and trademarks. If you desire more information on licensing, commercialization, business planning, or starting up a technology business – contact us. We can either provide our standard presentation or customize one for your needs.
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Agreement Development and Consultation
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A non-disclosure agreement (NDA) (often known outside of the United States as a confidentiality agreement; occasionally called a confidential disclosure agreement or CDA, or secrecy agreement), is a legal contract between at least two parties that outlines confidential materials or knowledge the parties wish to share with one another for certain purposes, but for which theywish to restrict access. It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or a trade secret. As such, an NDA protects non-public business information.
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