Legal Question in Business Law in Georgia

license agreements

Hi, I am a handbag designer of high

end handbags. My business is small

and I sell mostly through my

website. I've been approached to

design a handbag for a magazine that

will be the official bag for the

magazine. Kind of like a mascot,

because the magazine is named after

a type of purse. They want to also

use my name along with the product.

I'm thrilled, but this is new to me. I

honestly don't know what to charge

for my design fee. I would appreciate

being pointed in the right direction of

what type of proposal I need to offer

for this service. I'm sure royalties

should be involved, and I don't want

to sell myself short. Thanks


Asked on 12/14/08, 4:53 pm

2 Answers from Attorneys
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: license agreements

What to charge for services is not really a legal issue. It is simply a matter of negotiation between the payor and the payee. Of course, the price should depend on exactly what you are selling - the rights to the intellectual property v. just a limited license.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 12/14/08, 8:16 pm
Charles W. Field Charles W. Field, Attorney at Law

Re: license agreements

You should contact an attorney who specializes in Intellectual Property. You may be able to find a referral at the GA Bar Assn. website, gabar.org

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Answered on 12/16/08, 3:02 pm


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