Update: Innovation Direct™ prepares, sends licensing proposal for sports accessory to India-based company…
Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update to kick off what will certainly be a stupendous month of July. We begin with an update on a situation we had most recently reported on in a June 20th entry (“Update: Innovation Direct™ receives communication from India-based manufacturer regarding prototype of sports accessory; licensing proposal to be sent by Innovation Direct™ in coming days…“). As we’d explained in that posting, the India-based company that has expressed an advanced level of interest in a sports accessory from the Innovation Direct™ roster for several months and has also signed an exclusive developmental agreement for it had expressed a willingness to review a licensing proposal for the invention, even as they continue their evaluations of the prototype recently sent to them.
Accordingly, earlier Tuesday, the Innovation Direct™ representative managing the company’s interest since the onset prepared and sent a rough draft of a licensing agreement to the president of the company via e-mail. The purpose is to get the company familiarized with the terms and conditions typical of an Innovation Direct™ licensing agreement, and to elicit any questions or concerns at this point as opposed to the advanced negotiation stage.
As soon as we receive any feedback from our contact we will certainly bring you the details, here on the Innovation Direct™ Blog. Check in frequently!