Update: Innovation Direct™ receives and approves Mutual Non-Disclosure agreement from United Kingdom-based Innovation Direct To Industry™ company; detailed design information on 4 previously designated inventions to be sent this afternoon…
Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with our initial Tuesday report. Updating a situation we had most recently elaborated on just yesterday (“Update: Innovation Direct™ receives feedback from International Home and Housewares Show lead on initial Innovation Direct To Industry™ package…“), Innovation Direct™ has received and approved the terms of the Mutual Non-Disclosure agreement used by a United Kingdom-based company that we had met at the recently concluded 2008 International Home and Housewares Show, and that had already identified 4 inventions from their first Innovation Direct To Industry™ package as being of further interest to them.
As we’d noted in the aforementioned posting, one of our contact’s colleagues at the company’s U.S.-based office was set to send us a copy of their Mutual Non-Disclosure agreement for review. That transpired yesterday afternoon, and the Innovation Direct™ representative managing this company’s Innovation Direct To Industry™ account promptly evaluated the terms of the document and found them to be more than adequate for the protection of the product ideas that Innovation Direct™ represents. Accordingly, the agreement has already been signed by Innovation Direct™ and has been faxed to the company’s U.S. office for signature.
Our U.S. contact has informed us that the agreement will be sent back this afternoon fully executed, meaning that Innovation Direct™ will at that point be able to send them the detailed design information on the 4 inventions they had previously designated as being of further interest.[Update @ 1:25pm Eastern: The fully executed Mutual Non-Disclosure Agreement has been received and the detailed design information on the 4 inventions has been sent.]
Stay tuned to the Innovation Direct™ Blog for all updates regarding this situation!