Flat rate agreements are the most common and are typically signed for a two years period. We examine all the products and markets and agree on a weighted average royalty rate taking into consideration the patent coverage in the countries in which you assemble and sell your products. In these agreements, an annex lists all the licensed brands.
After the initial two year period, we take another look at the whole branded luminaire/retrofit portfolio and, if necessary, negotiate a new rate. The advantage of this model is that it involves less paperwork and provides access to all the 200+ patented inventions in the program during the two years of the agreement.
Itemized agreements list all products that need a license instead of the brands. This model provides a license only to the products listed in the agreement. This means that any new product developed after the agreement is signed needs to be analysed separately.