Update: Kansas-based manufacturer displaying interest in Innovation Direct™ inventor’s audio accessory still reviewing non-disclosure agreement…
Good afternoon, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back with an update on a situation we had initially reported on in a March 24th entry (“Kansas-based manufacturer expressing interest in Innovation Direct™ inventor’s consumer electronics accessory…“).
In that posting, we had explained that the company displaying an interest in learning more about the product idea had been sent a non-disclosure agreement by Innovation Direct™ in order to facilitate the dissemination of the concept’s detailed design information. As of earlier this afternoon the agreement had yet to be received, so the Innovation Direct™ representative managing this situation had sent a follow-up e-mail to our contact at the company, the National Sales Manager.
The gentleman did respond and informed us that the company’s legal department is still reviewing the terms of the non-disclosure agreement in order to determine if they will be able to sign it in its present form. The company has already been informed that the inventor does have a working prototype that they will have an opportunity to review if and when they agree to confidentiality.
As customary, all updates to this situation will be found here on the Innovation Direct™ Blog. Check back with us!