Update: Innovation Direct™ inventor’s cleaning accessory subject of initial interest from California-based company; Mutual Non-Disclosure agreement to be signed by tomorrow…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, happy to be chiming in once more with news of yet another Innovation Direct™ inventor product idea receiving interest from a manufacturer. On this occasion, the invention is a cleaning accessory that we had most recently reported on in a June 19th entry (“Innovation Direct™ inventor’s cleaning accessory subject of interest from Texas-based infomerical company; non-disclosure agreement signed, access to detailed design information sent…“). The inventor, who frequently performs a great deal of legwork on his own in terms of attempting to identify potential licensees for his concept, provided us with the contact information for a California-based manufacturer of a variety of products in the mass market and infomercial categories and requested we send a non-disclosure agreement to them for signature.
Shortly after complying with that request, the Innovation Direct™ representative managing the situation received a reply from the contact at the company explaining that they had their own version of a Mutual Non-Disclosure Agreement they preferred to work under. Having reviewed the terms of the document and finding that it adequately protected the confidentiality of the invention, the Innovation Direct™ representative contacted the inventor, who agreed to sign the agreement later this evening.
Stay tuned to the Innovation Direct™ Blog for all updates to this evolving situation!