Should I ask for a royalty agreement or just a consulting fee while designing something for a manufacturer?
I have been asked to consult with a large manufacturer and assist in designing system application specifications for their products. Do I ask for a royalty agreement or just a consulting fee? They are interested in anything patentable as well. They are a $4 billion operation and my company is just a small business with 25 years of experience in the area that they want to develop.