ReD
02-09-2007, 22:13
Would like to hear your thoughts on this
I had an enquiry by a timber frame company (just starting up) to see if I had any house plans I could let them use in their new brochure & to get the ball rolling for them.
Now I have a fair few house types available just sitting around & not earning me any money so I sent a few samples. They were delighted but it transpired they were not able to pay what I would call a decent rate for their use. So I've mulled over & decided to allow them the use of the house types for a year & an annual fee thereafter for each type. Kind of a License Agreement.
The off shoot for me is the potential for additional work, + plus additional income per plan set ordered + additional charges for any customer modifications needed.
Advice I seek is the wording of the license agreement and any pitfalls you can forsee & how to avoid complications.
Thanks
I had an enquiry by a timber frame company (just starting up) to see if I had any house plans I could let them use in their new brochure & to get the ball rolling for them.
Now I have a fair few house types available just sitting around & not earning me any money so I sent a few samples. They were delighted but it transpired they were not able to pay what I would call a decent rate for their use. So I've mulled over & decided to allow them the use of the house types for a year & an annual fee thereafter for each type. Kind of a License Agreement.
The off shoot for me is the potential for additional work, + plus additional income per plan set ordered + additional charges for any customer modifications needed.
Advice I seek is the wording of the license agreement and any pitfalls you can forsee & how to avoid complications.
Thanks