would you buy a pole design ? i reckon this pole would beat any on the market . so would you buy ? we buy & sell rounds why not take me up on this .
Yes we would consider buying a pole design. The first stage would be for you to send a non-disclosure contract for us to sign. This would mean that any information you shared with us was confidential and couldn't be used by us without prior consent, that is, if the product was unique and not similar to other design ideas already held by us or others. We would then to have to assess if the product was a) unique to you b) a product that we were interested in and c) able to be protected, thereby making it worth our while paying you for it.
If all this criteria was met and we liked the product, we could then arrange for a prototype to be made to begin field testing. Once a prototype had been used for a suitable period of time we could then discuss buying the design. If the prototype had to be modified in any way during the course of our testing, this would naturally dilute the value of your original design. Once all of the above had been assessed, we could discuss the market value of your design.
Payment could be made in one or two ways, firstly a one off fee for all design rights that you hold and rights to produce the product. The other way is to buy a license from you either on a permanent or a renewable basis. This would give you a set fee for each product produced.