PATENT LICENSING SERVICES
OVER 4,000 HELPED SINCE 2011
866-LETS-SHOP
(866-538-7746)
Call for a FREE consultation with a Licensing Executive!
Congratulations!
You’ve Got Your Patent. Now What Do You Do?
Patent Licensing Services (PLS) will organize your ideas and submit them to companies who want to receive new product ideas and license your patent, for both wholesale and retail sales.
We assist you at every stage of your invention and patent licensing process all the way to wholesale and retail sales. Even if you have just an idea or a sketch, we can help you save – and make money!
We keep your idea confidential and explain every step of the patent licensing process, including wholesale and or retail sales.
Perry Orr, President
Founder Patent Licensing Services
We’ve Helped More Than
4,000 Clients
Since 2011
License your patent for both wholesale and retail sales
Introduce your idea to companies who are looking for new products and inventions
Structure and organize your ideas into a real business
Assist you at every stage of the invention, patent & licensing process
Assist you at every stage of the business development process,all the way to wholesale, retail sales and or for end users
Patent Licensing
MONETIZING YOUR INTELLECTUAL PROPERTY
So you have an amazing invention idea or incredible patent. Great! But where do you go from here? Do you know what to do next?
The invention process can be long, difficult, confusing and very expensive. So can the business development and management of your patent.
With over 40 years of combined experience in patent and business management Patent Licensing Services can help. PLS knows what can go wrong and what to do right to protect your idea and your intellectual property.
INVENTORS RESOURCE HELP CENTER
866-LETS-SHOP
1-(866-538-7746)
Call the Inventors Help Line to speak with one of our Licensing Executives for a FREE consultation!
Perry Orr, President
FOUNDER OF PATENT LICENSING SERVICES
As the Founder and Principal of Patent Licensing Services (PLS) Perry Orr has been helping companies in finance, licensing, products sales, product development, trademarks, contract negotiations, marketing / promotions, research, recruiting clients and Intellectual Property Development since 1991.
Perry’s work has been featured in the Wall Street Journal twice. For the last thirty years, Perry and his team has completed extensive consulting, licensing, trademark, patent, marketing / promotions, product development, sales, search and recruiting engagements for hundreds of Fortune 500 companies and more than 4,000 clients.
PORTFOLIO
Perry and his companies have purchased debt-ridden companies that owned patents, licenses, trademarks, leases, intellectual property and many other different assets. Perry incorporated in 1994, as American Business Consultants Corp. (ABCC) and is involved in all 50 states, in sales, licensing, taxes, debt reduction, marketing / promotion, turnaround and restructuring of these companies. The body of Perry’s companies work includes:
- Completed turnaround of 25,000 sq. ft. Entertainment Facility where they sought and received the financial support of the Miller Brewing Company to pay the attorneys of an extensive legal battle which the court found to be unconstitutional and in favor of Perry’s company.
- Coordinated the licensing and quantity purchasing for pharmaceutical distribution to 65 stores of the Jewel-Osco chain.
- Purchased William Righter Associates and changed the name to People Enterprises, Inc. for expansion.
- Entered into a highly successful joint venture with the largest Hispanic promoters in the United States, Cardenas & Fernandez Associates. The venture was showcased in a 12 page feature article in the Wall Street Journal.
- Hired to orchestrate the turnaround of R&V, Inc. After completing a very successful Chapter 11 reorganization and eliminating over $1M in insurance claims and $1M unsecured creditors. R&V, Inc. was then sold to one of America’s largest entertainment investment groups.
- Licensed the Coyote Ugly Saloon (Walt Disney Movie) was licensed from the New York parent company and sold the Chicago Company for over $3.25M
- Purchase and sold a publicly traded “dot com” computer server storage company that Perry’s company packaged and confirmed the completion, out of a Chapter 11 Bankruptcy.
- Purchased and sold 1009 N. Rush Street, Chicago, IL 60610’s Lease, Assets including it’s Intellectual Property for $1.5M.
- Purchased and sold 1011 N. Rush Street, Chicago, IL 60610’s Lease, Asset’s including it’s Intellectual Property for $850K.
- Perry’s company licensed and completed the Intellectual Property Development and Operated while increasing product sales & promoted to Patron, Chicago, IL.
- Perry’s company completed the sale of a Famous Business Corporation with the Licensing, Lease and Intellectual Property for over $5M located in a western suburb of Chicago.
- Perry’s company invested $250,000 in a process using LED Red Light Machine and a derivative of Methylene Blue, both are patented products. The Patent Attorneys were referred by the President. These products together cure COVID and the different variants. Currently, at Polytechnic Institute / University in Mexico City the final expectant from COFEPRIS, which is the Mexican FDA, will allow this Patents Product to be sold and used in 71 different countries soon.
- Perry was a contestant on the American Inventor TV Show as a finalist. He was flown to Hollywood, California. This show was the predecessor to the Shark Tank TV Program.
- Perry is the owner of three current Patents and several Patents Pending.
- Member of the Corporate Turnaround Association since 1971.
Today, Perry still owns and or operates over twenty corporations divided amongst patent / product licensing, trademarks, intellectual property development. Product sales, marketing, promotional companies and their diversified financial and business consulting group for real estate, investment banking, corporate mergers, acquisitions, licensing, leasing and corporate restructuring and turnaround.
Patent License Services
OUR STORY
PLS and its President, Perry Orr has been helping companies in finance, licensing, products sales, product development, and trademarks, contract negotiations, marketing / promotions, research, recruiting clients and Intellectual Property Development since 1991 and has helped over 4,000 companies restore their product sales, product licensing, reduce tax liability and secure their Intellectual Property. Perry’s work has been featured on the Wall Street Journal, he’s been interviewed by Dr Joyce Brothers and over the last thirty years he has helped over 4,000 clients.
Perry and his team at PLS has completed extensive consulting, licensing, trademarks both state and federal, marketing / promotions, product development, research, sales and search & recruiting engagements for hundreds of Fortune 500 companies.
FAQ
WHAT IS PATENT LICENSING SERVICES?
When a patent is licensed, an agreement is made between the patent owner (or the licensor) and the person or company that wants to use and benefit from the patent (the licensee). It permits the licensee to make or sell the product, design, or technology in the patent.
HOW MUCH CAN YOU MAKE LICENSING A PATENT?
There is an analogy between the way that one can use a house (a form of real property) and the way one can use intellectual property or patent. Firstly, one can live in a house and use it to protect one from the physical environment; similarly one can protect oneself from the competitive environment by operating within one’s own intellectual property rights. Secondly, one can rent out one’s house; similarly one can license ones intellectual property or patent and allow others to use the intellectual property right for a fee. Thirdly, one can sell one’s house; in the same way one can sell an intellectual property or patent right, this is normally called an assignment.
HOW MUCH CAN YOU MAKE LICENSING A PATENT?
There is an analogy between the way that one can use a house (a form of real property) and the way one can use intellectual property or patent. Firstly, one can live in a house and use it to protect one from the physical environment; similarly one can protect oneself from the competitive environment by operating within one’s own intellectual property rights. Secondly, one can rent out one’s house; similarly one can license ones intellectual property or patent and allow others to use the intellectual property right for a fee. Thirdly, one can sell one’s house; in the same way one can sell an intellectual property or patent right, this is normally called an assignment.
WHY IS PATENT LICENSING IMPORTANT?
Licensing rights provide others with the ability to utilize a patented innovation. As a patent holder, you own the invention and can earn royalties or licensing fees by selling licensing rights to investors or another company. It is possible to grant varying licensing rights to one firm, or several firms.
WHAT IS "INTELLECTUAL PROPERTY"?
Intellectual Property is the term used to describe the products of human ingenuity, which can be owned and dealt with as a form of property because of a body of laws relating to patents, inventions, creations, trademarks, industrial designs, copyrights, plant breeder’s rights and chip protection legislation. These laws give to the owner of the intellectual property the right to stop others from using the invention or other subject matter of the intellectual property without his or her permission.
WHAT ARE THREE 3 THINGS WHICH A LICENSING AGREEMENT ALLOWS?
In a typical licensing agreement, the licensor grants the licensee the right to 1) produce and sell goods, 2) apply a brand name or trademark, or 3) use patented technology owned by the licensor.
WHAT COULD BE INCLUDED IN A PATENT LICENSING AGREEMENT?
A patent license agreement is a contract between a patent owner (licensor) and a licensee that defines the terms under which the licensee may make, sell, and use a patented invention. The agreement also provides how royalties will be paid and when to the patent owner. It could have a Non-disclosure Agreement and or Confidentiality Agreement.
WHAT ARE THE TWO MAIN FORMS OF LICENSING?
Licensing activity comes in two forms: Licensors give licenses to others; licensees receive licenses from others.
WHAT ARE THE ADVANTAGES OF LICENSING?
- It costs less than buying and or building an entire company.
- You don’t pay for expensive and time-consuming research and development.
- You don’t pay development costs upfront; your paid royalties when you start making sales.
- You won’t have large losses if the product doesn’t become successful in your market area.
WHAT ARE THE BENEFITS OF LICENSING A PATENT?
By acquiring rights to a patent, a licensee can:
- Create new products, services and market opportunities for themselves.
- Reduce costs to acquire new technologies, without having to develop their own.
- Save time getting a new product to market.
- Gain a competitive advantage over rivals, especially if their license is exclusive.
Patent Licensing Services
We assist you at every stage of your invention and patent licensing process all the way to wholesale and retail sales. Even if you have just an idea or a sketch, we can help you save – and make money!
Contact
Phone
1-866-LETS-SHOP | 1-866-538-7746
Office: 1-312-642-9000
Fax 1-312-642-3332
Address
Merchant Services, LLC dba Patent Licensing Services
5311 St. Charles Road, 2nd Floor
Berkley, Illinois, 60163