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The
Invention Disclosure Agreement you requested is enclosed
for you to fill out and return. Please send sketches,
drawings, or photos, and if possible a working model
or video along with the agreement, this will help us
in our evaluation of your tool invention. If a model
is sent, it will be returned after our evaluation.
When
we evaluate a new product, we consider how it will fit
with our line of automotive specialty tools, and how
it will appeal to the mechanic. Will this tool make
his job easier, faster, or more efficient? Is it a better
tool than what is currently available? Is it something
that we can manufacture in our facilities? Can it be
manufactured and sold at a cost that will be acceptable
to end user? These are just a few of the questions that
we will ask ourselves, and you during our evaluation.
If
we are interested in your invention, we will offer you
a Royalty agreement. A Royalty agreement would provide
payments based on a percentage of the net selling price
of the tool for a period of (10) years or, if patents
are involved, for the life of the patents. The Royalties
are based on numerous factors including, but not limited
to, originality, function, date of submission, patent
protection and other factors. The decision of Durston
Mfg. Co. ( D.M.Co) with regards to royalties is solely
at the discretion of D.M.Co. and is final.
We
appreciate you contacting us and look forward to reviewing
your submission.
Sincerely,
DURSTON MANUFACTURING
COMPANY
Donovan K. Norton
C.E.O.
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