Update: Innovation Direct™ provides India-based sporting goods manufacturer with 48 hour deadline to provide feedback on licensing proposal…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking back in once again with another update. Earlier Thursday, the Innovation Direct™ representative that has been managing the advanced level of interest demonstrated in a sporting goods instructional accessory by an Indian manufacturer for the last year and a half sent the company president an e-mail providing him with a 48 hour deadline to provide feedback on a licensing proposal for the invention he had originally been sent on December 3rd (“Update: Innovation Direct™ sends detailed licensing proposal for sporting goods invention to India-based manufacturer…“).

The strict time frame was a result of a conversation earlier in the day between the inventor of the product and our aforementioned colleague. In a February 2nd posting (“Update: Innovation Direct™ makes third attempt at follow-up with India-based company regarding licensing agreement draft…“), we had explained that the decision had been made to send a letter via international mail to the manufacturer informing him that he would no longer have rights of first refusal over the concept if we did not receive an e-mail response to the follow-up attempt that was made on that date. However, during today’s earlier conversation, the inventor and our colleague agreed that placing a specific and time-sensitive deadline would be a more prudent course of action at this point.

We will certainly be getting back to you soon with the news of whether or not this latest communication and strategy had the desired effect. Join us here on the Innovation Direct™ Blog for the latest!


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