Forums » Live Product Search » Topic
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Ryan Diez
ddiez73202 |
Assume your product was chosen and sold by Retailer #1 via a LPS.
Could retailer #1 sell the product to, or allow another retailer to sell your product?
For instance, I saw “Emery Cat” at Walmart, however I thought that it was to be sold at Petsmart?
If your product is sold at multiple retailers, would you still be receiving royalties?
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william ricely
williamricely |
yes |
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Roger Brown
rogerbrown
∞
Insider Points
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Depending on the licensing agreement a company can sub license your product to another company, but you would still receive royalties on those sales as well. It also depends if that company has an exclusive or non-exclusive agreement. Exclusive means they are the only ones allowed to sell the product non-exclusive means it is open to anyone that wants to license and sell the product. In either case you are due royalties on any sales from any company that is marketing the product. |
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Carol S
daisykat
114,750
Insider Points
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It’s my understanding that all EN contracts are exclusive with both the inventor and the sponsoring company. |
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Todd Bouton
inventodd |
Hi Roger, |
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Margaret Pryor
mger80
213,250
Insider Points
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Ryan, Bear on mind that Emery Cat is an Everyday Edison’s product. Their deals might not be exclusive as they are part of the show about the inventing process vs. a product chosen by a specific search sponsor. |
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Marla Ball
marlasball |
Hello Ryan, Emery Cat is a Everyday Edisons product so it is under a different agreement. If you idea is selected through a Edison Nation Live Product Search the search sponsor will have exclusivity. However, if the search sponsor fails to meet the minimum sales volumes required by its licensing agreement with Edison Nation, it will lose its exclusive rights to your invention and we will be able to market it to other companies. |
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