Update: Innovation Direct™ receives reply from Global TV Concepts Ltd. regarding NDA issue; company’s own version sent and evaluated, modification requested…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, back in with an update on a situation we’d just reported about yesterday (http://innovationdirectonline.com/blog/?p=1178). Earlier Friday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of Florida-based Global TV Concepts Ltd. received a reply from his contact at the firm regarding his e-mail yesterday inquiring about the company’s review of the modified NDA we had sent.

The Global TV representative was initially confused and stated he was under the impression our company had agreed to sign their NDA. In response, our colleague informed his contact that he did not recall that being the arrangement, especially since Global had requested we modify a certain provision in our own NDA, but explained that we would be amenable to reviewing their document. Global’s agreement was subsequently sent via e-mail Friday afternoon, and its terms, with one sole exception, seem to be adequate and acceptable. A request for a revision on that provision has been already been sent to Global, and we now await their response.

Check in with the Innovation Direct™ Blog often to continue to be kept abreast of developments regarding this evolving situation!


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