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| Frequently Asked Questions | |||
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Frequently Asked Questions
· It is written to favor you, the potential licensee Top Are distributors ready to place an order? · Probably. We need at least an approximate price first Top Can we pay in any major currency? · Yes, we accept checks in all major currencies · We also take credit card via paypal.com. It converts currencies easily. · Will they take a US business check? Top Can we pay you by PayPal.com? · Yes . · The payer uses their credit card or checking account. · The transfer happens in minutes and an email notification is immediately sent to sender and recipient. Top Can we wire you money? · Yes Top Can I license the invention? · If it is still available. Top Can we use the in-house freight forwarding office in your building? · We prefer all shipping be handled through our affiliate freight forwarding company. · They have been in our office building several years. · We trust them to manage, and help track all shipments of our licensed inventions from your factory. · If required our agreement can allow the manufacturer to use an alternative shipping company. Top Can I be guaranteed future orders for an invention? · Yes, if you also license it. Top Can the price quote come from a trading company? · We can work with all types of companies who are interested in getting the invention onto market Top Can we view your business plan? · It is confidential. Top Do you have detailed sketches, prototypes, parts suppliers, market analysis, etc? · We sent you what we have available. · We have the valuable umbrella (broad) patent application. That is not required to secure patent protection rights. Top Do you want a price quote? · Yes. Top Does the invention function so it does “A” or “B”. · Yes it probably can. · We have a very broad patent pending invention comprising over 1300 pages · If it’s not included then you are free to improve our invention. Top Do we need to pay royalties on an improvement? · Not if it is different enough from our intellectual property rights. Top Do you have an Asian speaking staff? · Most people in our administration section are Asian-American. · The CEO grew up in downtown Tokyo and is brushing up his Japanese. · We plan to have staff that speak and write Mandarin and Cantonese. · Meanwhile let’s try to communicate in English. Top Do you conduct background checks on companies you are working with? · This is a very important matter. · We are only interested in working with companies with a reputable history. · Honesty is key Top How will you pay for us to manufacture an invention? · Letter of Credit. (It’s a form of escrow whereby the bank guarantees manufacturer payment upon producing the quality products as specified in the purchase order). · It can be FOB (Freight On Board) at the docks for the manufacturer’s country, but preferably the country of importation, e.g. Rotterdam, Netherlands, or Los Angeles. Top How big can the orders grow? · The first order is large enough to make it interesting for the manufacturer. · The purchase size can grow as the market learns about the invention. Top Is the license deposit only $500? · Yes it can be less or more. Top If my company is a broker, how are we protected? · We can promise not to go around the broker and only deal with the company you introduce to us. · In the beginning we request the broker not tell us who they suggest we do business with Top On confidentiality, do you require a confidentiality agreement be signed before negotiations can start? · The inventions needing to be manufactured are probably patent pending. · If so you don’t need to keep the invention secret. · A confidentiality statement may need to be signed later as things develop. Top What is the Currency of payment? · Preferably US dollars (USD) · It can be in the manufacturer’s currency. [Many countries peg their currencies to the USD) · Or it can be a “basket” of currencies (this reduces greater shifts and commonly includes major currencies). Top What countries is the license good for? · It is probably patent pending for over 50 countries via the PCT patent application process. Top What brand name do you preferred used? · The inventions Trademark · The manufacturer can come up with their own trademark. Top Will private label branding be needed? · Yes probably Top What quantity is wanted? · The quantity for manufacturing differs by invention. · Ask us for details Top What long-term protection might we (the manufacturer or manufacturer’s agent) receive? · To start you can receive the exclusive 20-year license to certain countries. · You don’t need to pay us money if you help springboard the invention(s). Top What is the product’s price point? · With intellectual property rights, one can charge what the market will bear. · It is OK for the manufacturer to make a healthy profit Top What lead times do you expect? · Please take the time needed to develop a safe and quality product. Top What are the main areas of inventions? · Our inventions and product categories are available on this web site’s invention page Top When can I sign the license? · We can sign it in one or more days once you give us information about yourself and your plans for the invention. Top When do you want the products delivered? · We are flexible on the long time frame · The sooner the better Top Who is responsible for paying for the manufactured merchandise? · Usually the importer and distributor. Top Who will pay to complete the patent application process? · The licensee Top Who will market and distribute the products? · We wish to give distributors exclusive territories in exchange for their initial orders · We can help distribute a press release to over 10,000 periodicals world wide Top Who will contact the distributors? · Inventions on the website probably have a good number of interested distributors already. · Their initial price will normally be what the manufacturer is charging Top Who controls the choice of factory and marketing? · The company who licenses our invention Top Who will handle customs clearance? · We have contacts for customs clearance around the world. · The exporter or importer can handle it Top Who will pay for the sample? · It is usually the distributor. Top Where are you headquartered? · In Fairfield, California near San Francisco and Silicon Valley. Top |
