- White Belt
- Posts: 8
- Joined: Fri Jul 02, 2010 6:10 am
I've been at it all year trying to get the elusive licensing contract and a few months ago I finally got in-touch with the right contact at a large Multinational company.
After signing the NDA and showing her a video demonstration of my product, it's obvious she is interested.
FYI: The product is protected by a provisional patent
I'm kind of stumped as to how to proceed because my understanding of the process, from here on, is:
-show video, garner interest
-agree on general terms
-move to a licensing contract
After she watched the video she asked me what my claims are.
I replied, if you're interested we should agree on terms and then move to a more specific contract.
Then she replied that it's useless to move on if she doesn't understand those claims.
I understand her point, but surely her worries can be taken care of by a simple clause in the contract?
Also, isn't it premature to have open discussions about the claims at this stage?