Q: What is the usual fee or percentage given to the person who's intellectual property I'll be teaching?
I've trained as certified coach and I'm planning on teaching and certifying people in the same coaching in a different language. The person who certified me and I are creating a royalty, license agreement and I'd like to know what is the usual profit % or fee that is standard or usual.
I will be translating her material, both intellectual property as well as marketing, to promote and teach.
Thanks so much for your answer in advance!
What are you coaching?
From what language are you translating and to which language? That's an atypical piece of the puzzle.
What type of IP are you using?
How will you be reselling the IP?
The answers to those questions and more will determine what's an appropriate payment. You'll have to contact an attorney directly to describe the specifics of your situation to get a better answer.
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