Innovation Direct Secures Exclusive Licensing Agreement for Kitchen Accessory
Summary
As part of the period of exclusivity granted by the agreement, the licensee will review the inventors prototype first-hand in order to calculate factors such as potential manufacturing costs.The product is an item that is already in very widespread use in kitchens globally, but that features additional functionality that renders it much more efficient than conventional versions currently available.The ultimate goal for both the licensor and licensee is to eventually place the product in the consumer marketplace through a wide variety of distribution channels.The licensee of the invention will continue to perform its due diligence on the potential of the product for the foreseeable future before initiating further development.As part of the period of exclusivity granted by the agreement, the licensee will review the inventors prototype first-hand in order to calculate factors such as potential manufacturing costs.The product is an item that is already in very widespread use in kitchens globally, but that features additional functionality that renders it much more efficient than conventional versions currently available.