Licensing Agreements: How to License Your Products for Extra Income in 3 Easy Steps

When you use licensing agreements, you can get others to sell your products for you, deal with the related sales taxes and paperwork, and pay you a percentage of each sale made (sometimes called a “royalty” or “licensing fee”). Here are three simple steps to setting up a licensing program for your products. Step 1 – Identify the markets where your products already sell and potential markets you haven’t tapped. Step 2 – Approach key players in those markets about becoming licensees. If you don’t have a pre-existing relationship with these prospective licensees, you may want to consider sending a personalized snail mail letter and make a follow-up telephone call instead of sending a blind email that could be treated by recipients as spam. Step 3 – Have your Internet lawyer prepare a licensing agreement that covers all of the key terms, including what’s being sold, what you get paid […]

Are You Ready to Sell Your Internet Business?

Internet Lawyer Mike Young helps entrepreneurs sell their companies for a fair price while reducing the legal risks (including nonpayment). Here are some of the common ways that Mike can help you sell your Internet business. Determine your desired outcome Although you may have a sales price in mind, there’s a lot more that goes into selling an e-commerce company than simply transferring assets or equity in exchange for payment. For example, are you wanting to be paid a lump sum or willing to accept installments? Will you provide full or partial seller financing for the sale? Do you intend to stay on as a consultant or employee post-sale? If so, under what terms? Mike will use his experience as an Internet business attorney to help you structure a deal that’s right for what you want to achieve. Pre-sale website legal compliance review A company website that violates the law […]

What is a Legal Strategy Session?

When you’re looking for legal help for your Internet business, the best way to get it from Internet Attorney Mike Young is to set up a telephone consultation called a “Legal Strategy Session.” Should you book a Legal Strategy Session with Mike? It depends. If you want to discuss a lawsuit, copyright infringement dispute, a frozen PayPal or credit card merchant account, or Internet harassment claims, you should find a law firm that represents clients in court proceedings. If you are a crime victim, call the police. If you have been accused of a cybercrime, hire a good criminal defense attorney. Please note that Mike focuses on Internet business transactions. This means a telephone Legal Strategy Session with Mike makes sense if you: (1) are purchasing or selling an Internet company; (2) need ecommerce or technology contracts; or (3) want website legal documents (e.g. Website Privacy Policy and Terms of […]