(1888PressRelease)
July 10, 2008 - ITT Licensing™, a South Florida-based leader in product licensing for over a decade, has prepared and sent a licensing agreement proposal for an instructional sports accessory to an India-based manufacturer of sporting goods and fitness products. The company originally signed an exclusive developmental agreement for the invention in June 2007, and is presently evaluating and testing a professional prototype that was put together at their request.
The company, which according to their official website boasts export agreements with 13 countries, including the United States, has been in business for over 38 years. As per the information contained in their official website, they presently manufacture, market, and distribute items related to agility and training, strength and fitness, plyometrics, balance and stability, gymnastics, soccer, hockey, basketball, football, and cricket, just to name a few.
The licensing agreement proposal was suggested by the ITT Licensing™ representative that has managed this company's interest in the invention since its onset, and the company contact was very receptive. The goal of sending the proposal, even as the prototype continues to proceed through the advanced stages of evaluation and testing with the potential licensee, is to familiarize the company with the terms and conditions typically contained within an ITT Licensing™ royalty agreement.
If the company opts to enter into the negotiation phase, ITT Licensing™ representatives will attempt to successfully secure a licensing agreement for this invention.
About ITT Licensing™: ITT Licensing™ is the trade name for International Technology Transfer, Inc., a South Florida based leader in the field of new product licensing and intellectual property transfer for more than a decade.
###
