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Royalties?

blkrnbw's Avatar

Has anyone seen any royalties from anything submitted?I have seen a lot of horror stories. And I have a great idea, I'm just not ready to pull the trigger yet. Thoughts?

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rpontius's Avatarg8_badge

@Nathan:

I have not yet received a royalty check but I have received a "success fee"/"licensing fee" and I am anticipating receiving royalties.

Overall, I've had a great experience with EN throughout the process and as a result I have complete trust that if my product sells well I'll receive substantial royalties.

Derek B. Ford
Karen C Adams
Brett Carter
Vee R___
Michelle Sartori
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erg5tools's Avatar

11/17/2018

Hello Robert,

I am new here. I submitted my invention, that has 2 U.S. Patents, and I am on #4

of the dashboard. What does this mean if it goes to the bottom number "SUCCESS"?

I am confused about this site. You mention that you received a "Success Fee" but no Royalty. How much is the "Success Fee"?  My Goal is to find a Manufacturer who wants to be a strategic partner, licensing,  in exchange for Royalties.

Dell Henry

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rpontius's Avatarg8_badge

Dell - I can tell you that EN is exactly what you are looking for in terms of your goals (finding a strategic partner, licensing and royalties).

I believe the "success fee" varies in each case, depending on several factors, including whether a royalty advance is paid. My guess is that it ranges from $0 to a few thousand dollars.

I *will* get royalties - I just haven't YET because EN only pays royalties one time a year (around January for the preceding year).

Amongst the many things I love about EN, the royalty payment schedule is one of the very few things I'm not 100% happy with. Industry standard seems to be *quarterly* royalty payments, and I'm not sure why EN has an *annual* schedule.

Bert Touma
Vee R___
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kabuj's Avataree_badge

I concur with Robert. EN sounds ideal for your circumstance.

BTW - I also agree with the annual vs. quarterly royalty issue Robert mentioned. It is the only thing about the contract that makes me sometimes consider alternatives.

Best of luck to all.

Bert Touma
Vee R___
Robert Pontius
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vtac's Avatargold

Agreed, EN needs to get upto date with quarterly royalties. Yearly just seems too long.

Bert Touma
Robert Pontius
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