Technology Transfer Tactics, in partner with Intellectual Property Research Associates, Inc., has released 3 updated volumes of their Royalty Rate books, which are “dedicated to reporting detailed information about the economic aspects of intellectual property transactions including licensing and joint ventures.” The books showcase data from IP transactions, categorized by industry, which provides empirical evidence of royalty rates used through recent years. Compensation terms are reported for actual transactions in the following industries: aeronautics, agriculture, automotive, chemistry, communications, computer hardware, computer software, construction equipment, electrical equipment, electronics, entertainment, food, franchises, glass, household products, Internet, mechanical devices, medical devices, photography, semiconductors, sports, steel, toys, and waste management. They are pricey, but the information may be helpful to certain licensing and IP professionals.
Ian McClure is a former corporate & securities and intellectual property law attorney with 
Trevor M. Blum is a former Associate in the Chicago-based, valuation practice group of Ocean Tomo, LLC., an intellectual property (IP) consultancy. Additionally, he provided instrumental research support to Intellectual Property Exchange International, Inc., an IP exchange start-up. Trevor holds a B.S. from Indiana University and is currently an MBA candidate at the University of Cambridge, focusing on international business and finance. His interests also include entrepreneurship, economics, and informational visualization. He enjoys running and cycling in his free time. Trevor seeks to bring a transnational business perspective to the blog. 
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