Patent ID: 7970691

Claim:
A method for improving a success rate for obtaining a licensing agreement on a product that an inventor has submitted to a host company, said method comprising the steps of: A. said host company providing and transmitting a licensing package to a third party company, said licensing package including a short-term licensing agreement and access to an invention's website, said third party company and said host company signing said short-term licensing agreement, said host company sending a payment to said third party company wherein said payment has a predetermined dollar value for covering the costs of evaluating said product; B. after a predetermined time interval has lapsed, said host company contacting said third party company for verifying receipt of said short-term licensing agreement; and C. upon request from said third party company, said host company providing a long-term licensing agreement to said third party company after said short-term licensing agreement is no longer enforceable, said inventor and said third party company executing said long-term licensing agreement; wherein said short-term licensing agreement is valid for a term period that is less than a term period of said long-term licensing agreement.