It seems like every other week there are some new business tools, tips or tricks hitting the web promising you miracles. Unfortunately a great number of these supposed tools are just a pricey way to a few bucks and a few minutes each day. While those tools may not be worth the added business expenditure, some tools are worth the price of admission, such as access to a royalty rates. These databases vastly reduce the amount of research time when time is important to the decision-making process.
You’re probably feeling pretty skeptical about gaining access to a royalty rates database, right? Because you’ve been doing this work for months, probably even years without these so called easy access databases so why change things up. You do need it because it will make your work life easier and you will be able to get your client the exact licensing agreement want in half the time.
Whether it is a patent, trademark or simple procedure, using another person’s intellectual property requires a mutually agreed upon contract between the creator and the person that needs to use the intellectual property that outlines the conditions of the agreement. There is no way to know how much these intangible properties cost without an integrated database like that from Royalty Range, with agreements as far back as 2005.
Sign up for a royalty rate database like Royalty Range and you will not only get access to detailed reports of royalty rates for a specific piece of property. You may also utilize the consulting services that will help should you run into trouble while drafting current agreements that follow common business practices. You can ensure that your business is paying fair royalty rates, while also outlining significant details about how long the rates allow the property to be used as well as whether the agreement can be used outside of a specific geographical area.
Access to a royalty rates database is a reliable method of watching out for the financial future of your business. A reputable database will help you write up an agreement, while also allowing access to important information in regards to European royalty rates like OECD compliance, and functional analysis of risks, assets and licensing periods.