How long does it take to receive milestone payments or royalties from an invention?
Payments may begin as early as one year or as long as ten or more years after a licensing agreement is executed. Payments may be delayed when: • Additional testing, research, or product development is required • Governmental approval such as Food and Drug Administration approval is needed • Development of the final product is particularly difficult • The market demand for the product proves to be less than originally anticipated • The company licensing the invention runs into financial trouble.
