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   Author  Topic: exclusivity to product idea  (Read 765 times)
kanobits
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exclusivity to product idea
« on: Dec 20th, 2007, 8:01am »
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i have a blockbuster product idea that i have made several working samples of. as of yet i "have not" applied for a patent. i have only documented all of my ideas in a book / diary. i have what i think is the perfect customer that i have a meeting with to show this product to. i will have this person sign a non disclosure agreement. it just so happens there is a second perfect customer that i can also disclose this idea to. and i can tell this first customer that i will probably contact "so and so" because it might be a perfect fit for there product line as well. so "THE QUESTION IS" can i "for a price" give this first person "exclusitivity to the idea" a agreement "not to pitch the idea" to anyone else for 30? 60? 90? days for x amount of money? the product has mass appeal and a hugh potential.
     thank you for your time, any thoughts would be welcomed!
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JSonnabend
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Re: exclusivity to product idea
« Reply #1 on: Dec 20th, 2007, 8:04am »
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There is no reason why you can't enter into an agreement along the lines you suggested.  It amounts to an option to the first company, of sorts.
 
- Jeff
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SonnabendLaw
Intellectual Property and Technology Law
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718-832-8810
JSonnabend@SonnabendLaw.com
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