What core business decision defined Lonnie Johnson's financial arrangement regarding the Super Soaker invention?
Answer
Licensing his intellectual property
Johnson chose to license the technology rather than sell the patent outright. This licensing agreement provided him with ongoing royalties based on sales figures, creating a decades-long financial relationship with the manufacturers.
Related Questions
What core business decision defined Lonnie Johnson's financial arrangement regarding the Super Soaker invention?What was Lonnie Johnson attempting to develop scientifically when the idea for the Super Soaker first struck him?When was the U.S. Patent Office granted for Lonnie Johnson's design, initially called the "Squirt Gun"?What was the estimated cost to manufacture the first thousand units of the initial prototype?Which company manufactured the water gun after Johnson successfully pitched his improved prototype to them in 1989?What was the name of the water gun when it first appeared in stores in 1990?In what year did Hasbro acquire the Larami Corporation?By what year had the Super Soaker brand surpassed $200 million in sales?What was the central issue Lonnie Johnson alleged against Hasbro when he initiated legal action in 2013?How much money did Lonnie Johnson prevail in receiving from Hasbro following arbitration in November 2013?