I’m giving this a bump…. 36 views and no response ? Is there anyone on this board actually receiving royalties from Edison Nation ? I’d like to hear about your experiences.

Lets say I make a widget and sign the contract with EN.

Option 1: EN sells rights for widget for 500,000$ I get 50%, or $250,000. This is probably a one time event.

Option2: EN manufactures widget, and sells 10,000 units at $20 a unit… or $200,000. I get 7.5% or
$15,000. This continues for up to 20 years.

Option3: EN sells rights cheaply, for lump sum AND portion of revenue. Company A pays EN $50,000, and agrees to also pay 10% of revenue. If $200,000 sells in one year… I get $25,000 + 200,000*10%7.5% = $26,500. This continues… at least the revenue10%*7.5% for up to 20 years.

When looking at the contract, it seems that the inventor has no say in how EN proceeds? It is in EN best interest to stretch out payments as long as possible (option 3)…. and as small as possible. Am I missing something here ?

Please speak up … good or bad !

Thanks, Alex

Alex,
Check out this link and I think it will answer a number of your questions. http://www.edisonnation.com/forums/everyday-edi...
If you still have questions I would address them to Louis Foreman in the People and Groups listing).
Also, people respond on this forum as they have time and not everyone reads every post put up, so you have to be patient and not throw in the towel if you don’t get an immediate answer.
One thing we tell new people to the site is to use the search feature to look for the answers to questions. You are only seeing a small fraction of the threads on this site if you just look at the first page. I hope this helps.

http://www,rogerbrown.net