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Come Together

Two heads are better than one, so why not use a joint venture to get your invention off the ground?

This story appears in the February 2005 issue of Start Up.

For inventors, a is an agreement by two parties to work together to design, promote or manufacture a . The parties split the work and the profits. Inventors can form a wide variety of partnerships, including:

  • A with a manufacturer who will help design the new product, build prototypes and eventually produce the product. The inventor is responsible for all and activities and may also pay for the patent and other tooling expenses.
  • A contract with a sales and marketing group that agrees to market the product

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