i have a patent on my invention and the company i’m submitting my idea to has a release form that states it is the intent of Clorox to limit disclosure of this idea only to those required to evaluate the concept ,Is this enough protection for me as a NDA.
Forums » Selling » Topic
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cleve smith
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Sir Edward
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@ Cleve~ Well, just for the record, the Clorox Services Company does offer a participant non-disclosure agreement, which can be downloaded. But, just curious, and based solely on the language regarding ‘Section E’ of the aforementioned NDA…Would you feel comfortable signing it? Note: I’m not trying to persuade/discourage you from any interest in the Clorox Company, just curious is all. Section E… ( Purpose – “…discussions about ways to improve Clorox products.” ) @ TCOMC~ Just curious, was the language similar regarding your experience? |
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Ralph Machesky
69,000
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Cleve- If you don’t have a good attorney, you might want to find one. Companies always take as much as they can in any agreement, it’s just business to them. Case in point, I had one company that offered up a decent looking NDA… until I read the last clause. Basically they wanted the rights to anything they said they invented or improved upon in my patents regardless of who invented it first. I basically told them what’s mine is mine, what’s yours is yours…unless the stuff you claim to invent infringes on my work. I asked them to add in clauses that recognize my prior and current work and they did. They now make some of my products and it’s a good relationship, overall. Which finally leads me to my point, lol! In the course of discussions with company ‘X’ you may invent or discover something, but you don’t tell them about it. You go to apply for patents later on and they challenge you saying they invented first, it was joint property, etc… Your existing patent only gives you protection according to your claims, not to things you haven’t claimed yet! You may even tell them trade secrets, or processes they didn’t know about. That’s all valuable information and needs to be treated as such. That’s part of the beauty of a good NDA, they cannot share what you share with them unless you agree to it. ~TCOMC |
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cleve smith
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I have not signed any agreement with the company yet,I read Roger Brown’s comments stating that if a company does not offer a NDA, you should move on to other companies on your short list in search of licensing. |
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Sir Edward
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@ Cleve~ Well, even though there’s no need for a company to sign any NDA, especially if you already have an “actual” issued patent in place…If you don’t mind me asking, did you in fact sign their (Clorox) ‘Participant Non-disclosure Agreement’? |
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Michael Heagerty
404,500
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Cleve, In addition, I believe the part of the release that you are quoting is meant to be a good faith statement. |
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Julie Brown
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Well, I obviously jumped right over those words “I have a patent” – so much for that speed-reading class! And, I wasn’t even drinking….. But, Roger, that doesn’t mean that you’re not missing something………you just lucked out this time…. |
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Alan Jackson
12,500
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Am I missing something here? If he has a patent..(doesn’t that mean it’s public knowledge at this point)and that he is protected by the strength of his patent such as it is? |
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Julie Brown
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Cleve, from what I understand, many companies will not sign the NDA you provide and if you sign their NDA (as indicated above) you might be leaving yourself wide open. Use that little green search button above every thread and type in NDA or Non Disclosure or whatever and you might find your answer. There are a few EN’ers who seem to know quite a bit about protecting yourself – maybe they will post here. I just searched ‘Clorox’ and it seems that EN did an LPS with them: maybe read a lot of those messages. Good luck……. |
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Rich Holmes
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Insider Points
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Hi, Cleve, Unfortunately, Edison Nation staff cannot provide you with legal advice regarding any releases, non-disclosure agreements, or other documents you enter into with Edison Nation or other parties. You should consult with an attorney to discuss the terms and conditions of any agreements with which you are presented before signing them. Rich |
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