QUESTION.
My husband has designed a sub assembly for a textile weaving machine. His employer wants to put the design into production. They both agree it will revolutionize the non commercial weaving industry. They have agreed on a royalty amount and now we need to sign a contract. The employer is currently having his lawyer draft an agreement - we need to find a lawyer to review the agreement on our behalf. My question is: How do I find a lawyer versed in royalties? Any help you can give will be appreciated. Thank you.
ANSWER.
Nowhere in your email do you mention that your husband is going to get a patent for his design. He really should get it patented before he starts charging royalties for it. To get it patented you could consult an intellectual property attorney. And a good IP attorney will also be adept at reviewing royalty contracts.
Consider taking a look at the following link. See http://www.martindale.com/Intellectual-Property/. IP attorneys are a true specialty. They usually are fairly expensive. Treat yourself to an initial consultation at least. I hope my comments are helpful. Good luck! Regards, -Jeff
Jeff Lippincott
SCORE.org Counselor
Princeton, NJ
scoreprinceton @ aol.com
www.scoreprinceton.org
http://www.jlippin.com/
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