Finding the right tools for business success is not a task to be taken up lightly. New tools are introduced to the market on a regular basis and it is up to you as a business manager to decide which tools will help you achieve the success you want and which tools will simply be a waste of money. One of the reasons you probably landed here is that you’re in need of a large database of royalty rate information so you get the best deal on intellectual property licensing. These databases reduce the research time when time is important to making a deal.
You’re right to be skeptical about whether or not a database like Royalty Range is worth the cost to your business, but you also owe it to yourself and your clients to learn more about royalty rates databases. You’ve been doing this work for quite awhile without access to these databases, but your research and agreement time is reduced because information is in one place. The quicker you are able to access the information you need to make a deal, the sooner the deal will be done, which gives you more time to take on more clients.
Whether you need to license a patent, trademark or a procedure; using another person’s intellectual property requires a mutually agreed on contract between both parties that outlines the exact terms of the agreement. There is no way to know how much these intangible properties cost without an integrated database like Royalty Range that gives you information on agreements as far back as 2005.
Sign up for a database like Royalty Range and you will not only get access to detailed reports of royalty rates for a specific piece of property. You can utilize the consulting services that will help should you run into trouble while drafting current agreements that follow common business practices. You can ensure that your business is paying fair royalty rates, while also outlining significant details about how long the rates allow the property to be used as well as whether the agreement can be used outside of a specific geographical area. If you’re having difficulty searching for something, you can find royalty rates and get specialized help on searching for what you need.
Access to a royalty rates database is a reliable method of watching out for the financial future of your business. A reputable database will help you write up an agreement, while also allowing access to important information in regards to European royalty information such as OECD compliance, functional analysis of risks and assets plus licensing periods.