eSignature Legality for Photo Licensing Agreement in Mexico

How to eSign a document: eSignature legality for Photo Licensing Agreement in Mexico

if someone's looking just for a rule of thumb for a licensing royalty percentage is there is there such a thing that that's like an industry standard or does it really vary so much that you can't you can't put a percentage on it yeah it's hard to tell but if i did give like a generic range uh it could be from two percent maybe even lower i can't even be from one percent um two even five uh that's like those are good like there are some people that has they've gotten 14 15 20. um it's like it's kind of a high percentage but then you kind of have to do the math and even the companies themselves don't really know all right so when when i approach companies i'm not demanding them for royalty percentage i don't ask them no i don't tell them hey i'm looking for this much percentage i actually want them to know like or first are you interested and if they're interested they're going to do their homework they're going to contact manufacturers get quotes and they're going to crunch the numbers see how much profit that they're going to make and then from that profit they'll be able to calculate what percentage would make sense that's a win-win so all of that i let them figure out then i decided i'm like okay now since you've crunched the numbers for me let's go and look at how much this thing cost okay give me a rundown and then we'll we'll move the needle back and forth until we feel like something's comfortable and if it's a lower percentage then we're going to go negotiate for something else that will make it more valuable to compensate for the lack of percentage that i'm getting so it's a game that you're playing but for average industry like it's kind of it's really hard to say they're all over the place i mean what i found in my experience uh there's some factors is how how close to a final product and packaging you provide because if if all you're providing is is the general concept the idea then that's one thing the company still has to invest a lot to get it uh shelf ready whereas if you've done all that homework then that that increases the percentage um in your experience are companies looking for exclusive licenses for the most part like they don't want you uh if you sell exclusive rights to them they don't want you going to their competitors and also licensing their competitors yeah so this this answer is going to be um it's also going to you know relate to what the point that you just made about having all that stuff doing your due diligence to make it a more valuable thing you know it's all really in the negotiation if you are a business and you have every power of what you want to do with your business and your product and if you do not want an exclusive deal but they're asking for an exclusive and you recognize that this company does a good job on this side of the market and i know this other company does a really good job on this side of the market and i know for sure that i want it to be a non-exclusive and they're asking for exclusive you're like all right then i'm walking away you should be completely okay to do that and if they're telling you hey well because you don't have this and you didn't have this patent or you didn't have this uh you know you didn't tell me this may sell so we're going to give you normally we give you people this percentage but we're going to give you this because you didn't do this i'm like okay that's fine i'm walking away or we're negotiating so it's not it's like yeah those are those are good ammunition to have but your true the true power is the decision of you what what you want to do with your idea