Invent-Tech client’s invention gains immediate interest from licensee

July 27th, 2006

Just under a year since Donald M. contracted with Invent-Tech to market his invention, the Nevada resident has signed a licensing agreement with a company that produces household goods. His breakthrough new Magnetic Door Stop eliminates damage to walls by doorknobs with its ingenious design. This product effectively prevents the knob from making contact with the wall.

Featuring simple installation to any wall/knob configuration, the Magnetic Door Stop avoids unsightly marks and consequent repairs. The innovation will never fail, providing a beneficial safeguard to walls in any home or office. With its unique, clever and inexpensive design, this product could be a tremendous market success once made available through any outlet for doors or related hardware.

After reviewing the preliminary materials about the Magnetic Door Stop, which were sent in their periodic Innovation Direct™ update, the company chose to pursue a potentially lucrative multi-year agreement that includes an extremely competitive royalty rate for the inventor, compared to current rates being paid in the industry.

The Magnetic Door Stop’s proprietary design features far surpass those of conventional door stops and could, therefore, capture a significant share of this existing market. Seeing this potential from the Magnetic Door Stop undoubtedly influenced the licensee’s decision. Accordingly, they aim to get this product to the marketplace and available to awaiting consumers as soon as possible.

Additional information about the Magnetic Door Stop or any of our other licensed products may be obtained by contacting Invent-Tech® at (800) 940-9020, extension 2280 or at mrt@invent-tech.com.

Entry Filed under: Licensing News