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Do I need to make a prototype for my design in order to enter it in Live Product Searches?
Alan Saeteurn mr.saeteurn	Do I need to make a prototype for my design in order to enter it in Live Product Searches? I can draw up great pictures, by hand, of my invention from many angles. I can also explain how it works, what is does, what benefits comes from using it. Even if I don’t need to make a prototype when I enter it, would I need to make a prototype at my own expense after the company chooses my invention? posted June 14, 2009 18:16 ( ) Tweet
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Bridget in CA gaiagroove	Hi Alan, Nope. Mike won a search with nothing but words. posted June 14, 2009 18:33 ( )
Bridget in CA gaiagroove	Oops. I forgot to read further. You would not need to make a prototype if the live product search sponsor chooses your idea. At that point, you’re basically selling your idea (IP=Intellectual Property) to EN who takes it from there… patenting, R&D, branding, manufacturing, licensing, distribution, SALES. See these links and the contract for more info… http://edisonnation.com/opportunities You will receive an annuity payment for successfully commercialized products of: 7.5% of net revenues paid to Edison Nation (if any); plus 50% of licensing revenues paid to Edison Nation (if any); plus 40% of assignment revenues paid to Edison Nation (if any); plus 4% of brand revenues paid to Edison Nation (if any) http://edisonnation.com/lps/faq Download and read both of the agreements. b posted June 14, 2009 18:38 ( )
Alan Saeteurn mr.saeteurn	Thank you for the information. posted July 01, 2009 05:50 ( )

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