Licensing the Estate
A four-stage process designed to be deliberate, confidential, and commercially serious. We welcome qualified manufacturers, distributors, and strategic partners.
The Process
- I.
Letter of Inquiry
Submit a formal inquiry identifying the patents of interest, intended field of use, anticipated unit volume, and target territories. All submissions are received under presumption of confidentiality.
- II.
Preliminary Review
The Office of the General Manager and outside counsel review the inquiry within ten business days. Qualified inquiries proceed to a mutual non-disclosure agreement.
- III.
Term Sheet & Diligence
A non-binding term sheet is exchanged, covering scope, royalty structure, minimums, and audit rights. Both parties undertake technical and commercial diligence.
- IV.
Definitive License Agreement
A definitive license agreement is negotiated and executed. The license is recorded with the USPTO where applicable and added to the licensee register.
Questions of Counsel
- What rights are available?
- Exclusive, co-exclusive, and non-exclusive licenses are considered, subject to field of use, territory, and demonstrated commercial capability. Sublicensing rights are negotiated on a per-deal basis.
- How are royalties structured?
- Standard structures include a running royalty as a percentage of net sales with annual minimums, paid quarterly. Lump-sum, hybrid, and equity-inclusive structures are entertained for strategic partners.
- Are international rights available?
- Yes. A PCT application has been filed for the latest utility innovation, with national-phase entries under evaluation. Licensing for foreign territories is available subject to the prosecution timeline.
- Who is the licensor?
- All patents are owned by Black Island Outfitters, LLC. Licensing is administered directly by the Office of the General Manager with the assistance of outside intellectual property counsel.
Ready to begin?
Submit your letter of inquiry through this portal.
Submit Inquiry