Update: Innovation Direct™ sends follow-up e-mail to potential licensee of sporting goods invention…

Good evening, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a situation we had just reported on in a December 3rd entry (“Update: Innovation Direct™ sends detailed licensing proposal for sporting goods invention to India-based manufacturer…“). Earlier Tuesday, the Innovation Direct™ representative managing the advanced level of interest that has been shown in a sporting goods invention from our roster by an India-based company sent a follow-up e-mail to the president of the firm, who has served as his contact. The correspondence was an attempt to elicit feedback from the gentleman regarding a licensing agreement proposal that had been sent to him on the date of the aforementioned posting.

The execution of the agreement, which called for the inventor to received a four figure, non-refundable acquisition fee and an above average royalty rate for each unit sold, has been imminent for some time. We are hopeful of receiving a response soon and will certainly update you if and when we do, here on the Innovation Direct™ Blog. Check back with us frequently for the latest!

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