Innovation Direct™ receives signed non-disclosure agreement for cleaning accessory from New Jersey-based manufacturer; access to detailed design information sent…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with another update regarding an Innovation Direct™ inventor’s product idea garnering interest from a manufacturer. On this occasion, the concept is a cleaning accessory and the manufacturer is a New Jersey-based company that has been in business well over one hundred years. The inventor had apparently reached out to the company via e-mail several days ago about his product idea, and the company had provided him with a version of their non-disclosure agreement of which the terms were acceptable.
The non-disclosure agreement was forwarded by the inventor to our offices earlier Thursday and all of the available detailed design information on the invention, which is also prototyped and patent pending, was sent via e-mail to the manufacturer as a result. The inventor also has a demonstration DVD of the prototype in use that he will forward to the potential licensee as well.
We are certainly hopeful that this represents the initial step towards licensing success for this product idea, but only time will tell. Check in with us often for the latest happenings!