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Independent Product development by EN

axy3d's Avatar

hi there

While reviewing the agreement during idea submission I have read that EN have the right to develop the licensed  product indepently. The question is, inventor shares 50/50 with EN but after the product development it's price will not be the same,  how will the 50/50 share be calculated? 

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magurn's Avataren_staff_badge

Hi Aljazaari!

Per the terms of our innovator agreement, if Edison Nation opts to develop and bring a product concept to market ourselves, the royalty percentage is 7.5%.

Thank you!

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