Upholstery maker licenses invention from Invent-Tech clients
March 21st, 2006
Invent-Tech’s Manufacturer’s Response Team announces a licensing agreement between inventors, Samuel K. and Tracey C. and an upholstery manufacturer. Their invention, the Dust Stoppers, prevents dust from accumulating on heaters and other surfaces. The Dust Stoppers will save time and money, and provide added health benefits to consumers.
The Dust Stoppers is a natural fit for the company’s product line and production capabilities. The manufacturer is already looking into marketing and distribution avenues to reach the consumer market. With versatile potential applications in homes, offices and buildings worldwide, the manufacturer is excited about the Dust Stoppers’ future prospects.
The potentially lucrative multi-year agreement for the Dust Stoppers required a bit of flexibility and negotiation on the part of Invent-Tech. The finalized version included an upfront acquisition fee and competitive royalty rate for the inventors. Invent-Tech will also be contracting with an intellectual property attorney in the attempt to secure the appropriate protection for the Dust Stoppers, such as a patent or trademark.
Additional information about the Dust Stoppers 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
1 Comment Add your own
1. The Invent-Tech Network &&hellip | September 1st, 2006 at 11:57 pm
[…] Additionally, we also received an e-mail from the licensee of the Dust Stoppers, a product that Invent-Tech assisted in licensing back on March 21st (”Upholstery maker licenses invention from Invent-Tech clients“). As we had reported in that entry and subsequent ones (see March 22nd, “Invent-Tech exercises the power of negotiation in Dust Stoppers licensing agreement…“), we built up a strong and trusting relationship with this company during the process of coming to an agreement on the terms of licensing for the invention. This was further evidenced today by their e-mail asking our Visual Design Department to provide some packaging design ideas for a couple of different variations of the invention that they are attempting to bring to market before the year is over. They also reported in their e-mail that they are making headway with getting ready for mass production, and the packaging would be one of the steps left to complete before the product is ready to be introduced to consumers. […]
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