Update: Innovation Direct™ receives reply from Spin Direct regarding initial Innovation Direct To Industry™ package; company to send their version of NDA for review…

Hello, Juan C. Blanco, Innovation Direct™’s Director of Product Licensing, checking in with an update on a situation we’d just reported on yesterday (http://innovationdirectonline.com/blog/?p=1114). Earlier Friday, the Innovation Direct™ representative managing the Innovation Direct To Industry™ account of Canada-based Spin Direct received a reply to his e-mail requesting an update on the company’s impressions of their initial package of invention information. As per the communication received, the Spin Direct representative expressed a desire to see the detailed design information on all 7 concepts sent in the group, as he did not want to take a chance on missing any potentially good items.

This led to the deliberation of signing a “permanent” version of an NDA that would allow for Innovation Direct™ to send Spin Direct access to the detailed design information from the onset on the inventions selected to be sent to them. The Spin Direct representative, in a subsequent e-mail, explained that he would be glad to provide Innovation Direct™ with a copy of his company’s NDA, as this would be the one that we would be able to work with in that regard. Our aforementioned colleague requested that he e-mail the document as soon as possible so that we could determine if its terms would be amenable to the protection of the product ideas on our roster.

We will continue to provide updates on this situation as it evolves, here on the Innovation Direct™ Blog. Join us often!

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