Neopower & Magno Swords
Mike came to America Invents with an existing license in place. After reviewing the existing license, we found it to be below the industry norm. We were able to use a pending patent to renegotiate the terms of the license. We doubled the client's royalty rate, obtained an additional advance, established annual minimums and were able to remove some of the fields of use allowing the client to pursue other licensees in those fields.
The product has sold more than 1,000,000 units internationally since 2005 through retailers such as Wal-Mart, Target, Toys R Us, Kmart, Kay Bee and many others.