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Need a Licensing Agreement for China

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Need a Licensing Agreement for China

Post  MyShovelInvention on Thu 22 Dec 2011 - 16:16

Hi. My name is Alfreda Bradford and I am the proud inventor of US Patent No. 6,869,118. The invention is a lighted and heated shovel. For the last 3 months I've been on a serious hunt to find a manufacture who desires to enter into a Licensing Agreement for said Invention.

I found a company in China. How does this affect my negotiations to continue?

MyShovelInvention

Posts : 5
Join date : 2011-12-22

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Manufacturer

Post  Roger Brown on Wed 28 Dec 2011 - 7:23

Alfreda, have you tried hoovers.com and thomasnet.com to find companies that make items in this field? When you say you have a company in China who desires to enter into a Licensing Agreement for said Invention. Is it a actual licensing deal or an agreement for them to make them for you and you have to sell them or are they going to sell them? That is a big difference. If you are the one having to sell them have you already gotten orders for the product or where you planning on looking for orders after you have them? Because most companies have a minimum run you have to purchase.
I noticed your patent issued in 2005. Is this your first attempt to bring this to market since 2005 or have you approached other companies? If you have what was their opinion of your product?
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Roger Brown

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Join date : 2011-02-20
Location : South Carolina

http://www.rogerbrown.net    http://www.looking2license.com

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MANUFACTURER

Post  MyShovelInvention on Wed 28 Dec 2011 - 17:02

Hi Roger,

Tru Temper had my hopes very high as we entered discussions for the possibilities of them Licensing said Invention. It was a long and tedious process. They decided not to proceed only stating that they could not invest at this time.

I have also hired a Marketing Company or two, which was a waste of money. The only thing I have to show for the money is a Marketing Prospectus. Everybody wants money and more money to which I have no more to give.

Therefore, I have decided to launch my own product. I am sure I will learn much and NO DOUBT land An Agreement. I am also going to take your advice as I proceed with the other ideas I have beginning with a Confidentiality Non-DisCLOSURE AGREEMENT.

MyShovelInvention

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Join date : 2011-12-22

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