Update: Innovation Direct™ receives signed exclusive developmental licensing agreement from Florida-based manufacturer for cleaning accessory; prototypes and demonstration DVD to be sent by inventor tomorrow…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back once again with an update on a situation we had just reported on earlier this week in a February 23rd entry (“Update: Innovation Direct™ receives response from inventor of cleaning accessory regarding manufacturer questions; company also agrees to join Innovation Direct To Industry™ program…“). Late Thursday afternoon, Innovation Direct™ received a signed exclusive developmental licensing agreement from the Florida-based manufacturer that was the subject of that posting, and that had been expressing an advanced level of interest in a cleaning accessory from our roster. The document has already been faxed to the inventor for his signature.
As we’d explained previously, the manufacturer has expressed a desire to review the sample of the invention first-hand, as well as to see a demonstration DVD the inventor has put together. Now that the exclusive developmental licensing agreement has been received, the inventor will be shipping these materials to the manufacturer tomorrow. The inventor has also already sent the licensee manufacturing cost and wholesale/retail pricing estimates that had been put together regarding the product idea some time back.
We are enthused by the fact that this manufacturer is sufficiently committed to the invention so as to sign the agreement, and we look forward to working together further with them in the coming weeks. Join us here frequently on the Innovation Direct™ Blog for the latest happenings!