Blog

THE ROYALTY DREAM (How to License Your Inventions)

Reality Check: The Bubble I’ve Busted a Thousand Times The classic newbie inventor has a good idea, falls in love with it, and wants to sell it to a big company.  That NEVER happens, almost.  Here’s what I counsel clients a dozen times a year: your odds of success increase vastly the farther along you are with your invention, your patent, your product, and your profits.  I’ll probably expand this to a full newsletter article, but for now, here is the hierarchy that determines how likely it is you can sell your rights (or license them), starting at the bottom  [...]

REMEMBERING THE REMINGTON ROYALTY LESSON

Too Big to Fail? Remington’s Bizarre “Brother, Can You Spare a Dime?” Campaign It was fourteen years ago that I wrote about one of our industry friends playing an interesting voicemail at the SHOT Show. Consider all that has changed since then. These friends are innovators, with some valuable patents in their portfolio. Because Remington liked one of their inventions, they worked out a licensing deal. Remington paid royalties, and got to use the invention. Often, it’s the big guys paying the innovative upstarts. Pretty cool. Hoping for Handouts from the  [...]

ARE YOU READY FOR THE SILENT EARTHQUAKE?

Can Ending a $200 Tax Transform the Industry? Just like that, the $200 transfer tax on suppressors (and SBRs etc.) is gone.  Without much fanfare Trump’s Big Beautiful Bill repealed a tax that may prove to have been the primary roadblock to innovation and economic success. I won’t weigh in on the Elon perspective that the Bill spends too much (I tend to agree with Elon), or whether gun rights organizations fumbled the change to end all registration (they probably did fine getting what they did).  But the question is: How big of a difference will a tax reduction  [...]

MICROMANAGING THE “MICRO ENTITY” PATENT FEE DISCOUNT

As a few years have passed since Congress threw a little bone to start-up inventors, we’ve learned a few things. The good news is that you might qualify for reduced patent fees under the patent laws, thanks to a “gift” from Congress to small inventors.  I didn’t follow the battle, but I expect it was a way for them to look like they are being generous in some small way when they’re raising fees in a big way. Half-price patent fees sounds like a good deal.  I used to be nervous that it might be too risky to enjoy the benefit.  I’ve mellowed out, and  [...]

THE JOURNALIST’S GUIDE TO GUNS

(How Not to Look Like an Idiot When Writing About Guns) Journalists.  Bless their hearts.  As a rule of thumb, any time we read a news story about a subject or incident we already know a lot about, it turns out that about 25% of what’s reported is simply wrong. This is why knowledgeable gun owners distrust many news stories involving guns: because too many “journalists” display an ignorance of firearms that would be laughable if it weren’t so appalling.  If they can’t get their facts straight about gun technology and the facts about shooting, then we  [...]

WHEN TRADEMARK ATTORNEYS GO OVERBOARD

Branding Strategy for My New Product Finally, I can now reveal how a trademark attorney picks brands, and even goes a bit overboard to maximize the potential value of the venture.  It’s all about my hex key tool invention concept I wrote about some time ago. To recap, I used to get irritated with needing two Allen wrench sets and never knowing whether a socket head screw was metric or standard.  Even with both sets in hand, I not only had to test each set to find the biggest tool that fit, but then had to assess which best fit was better.  My forehead-slapping  [...]