-
Cosmetic Formulation Agreement
Greetings,
I have worked in the Cosmetic industry for 6+ years formulating and testing products. I helped to develop a brand from ground 0 to incredibly successful in 3 years. I have also helped a handful of startups in creating their products and setting them on the right path as a consultant. (from procedures, formulations, market insight, ingredient + packaging suppliers, design, labeling, branding, profit vs cost, etc..)
It has been awhile since I have worked as a consultant and I am currently moving back into that area of work.
The first company I helped build taught me a lot about IP and business and I am wanting to protect myself moving forward with new clients.
Does anyone have a mock-up write up of a Formulation Agreement I could use as a starting point in working with new clients?
The old agreements I used I am not able to find and most of the google searches come up with Manufacturing agreements, not formulation and procedure agreements.
Any and all insight is greatly appreciated. All the best.
-
1 Reply
-
With my consulting clients, they ultimately own the IP of formulation, which is the entire purpose of the engagement: to own the formula, release specs, processing, sources, etc. However, if they expect this to be exclusive, that is written into the initial agreement, otherwise I can share the formulation - slightly revised, of course, to be ethical - with future clients. This is why the hourly professional service fee or monthly retainer fee is important. I’ve learned not to undersell my skills.