Tuesday, April 10
What are my options?
An option is a choice – it’s the direction we take based on what we think is the best decision for our situation. Simple really…..but if we spread the word out a little can we apply it to inventing?
During that time we agree not to present it to any other company or enter into any other agreements. When the three months are over they can either sign the license agreement, let it go, or maybe even extend the option for another three months and another $10,000 dollars
Options are used all the time with Plays and Books, and other more artistic products, but for some reason inventors never think about using them with inventions. It’s pretty simple really, your time and lost opportunity are worth money – and if the company wants to use it, by all means sell it to them.