Interesting news from Jameco:
ClubJameco.com is our new website where you can turn your bright ideas and electronics skills into cash.
Club JamecoIt couldn’t be easier:
1. Come up with a great electronics project
2. Identify the components for the kit
3. Write step-by-step instructions
That’s it! Jameco will source it, build it and sell it… and pay you a royalty on every sale!
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This is huge. Or at least I want it to be huge, as that is precisely what I’m trying to get into. Congratulations to them for being first to market. Not sure how they’ll stop labour costs from killing them though…
hmm pretty cool but there are a few drawbacks, you don’t keep full ownership of the project and you only get 10% at most, it’s not extremely bad but not great. they are doing all the work mainly but i would think you could at least get up to 20%
There are a couple of areas to improve. I can get the part numbers, instructions and inside information on a project without paying for a project.
Jameco takes all the financial risk of sourcing the components, building the kits, promoting the product and selling the product and that’s why the royalty caps out at 10%.
Jameco reserves the rights to sell the project any way it can but that does NOT prohibit the Designer from selling his/her own designs to others.
Greg @ http://www.ClubJameco.com
@Greg: That is not how the terms sounded when I read them. The terms are a little strange, and I for one would very much applaud if ClubJameco were to allow people to license their designs under a standard Open Source license.
The particular phrasing is:
EXCLUSIVE LICENSE means a contract in which the Designer-owner of Intellectual Property Rights (defined above) authorizes Jameco to exercise and use those Intellectual Property Rights according to the terms of this Agreement to the exclusion of all other persons and/or entities and/or third parties. Designer-owner of said Intellectual Property Rights shall not be allowed to grant, license, assign or otherwise transfer said Intellectual Property Rights to another person and/or entity and/or third party during the term of this Agreement. Designer-owner is likewise prohibited from using or exercising said Intellectual Property Rights himself/herself in any way that limits and/or impairs and/or compromises the rights granted herein to Jameco during the term of this Agreement.
The Exclusive License granted herein to Jameco does not prohibit a Designer-owner from himself/herself marketing and selling his/her Kit/Project Design to third parties.