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Recent content by JMBgroup

  1. J

    Is this a fair deal ??

    HOT! 
    Just found out yesterday only his name is on the Patent. \However there are paper trails of evidence and witnesses that this was done with company resources. There is also no agreement in place between us that requires the company to own thr invention. However if he did use company resources...
  2. J

    Is this a fair deal ??

    HOT! 
    This story just got more interesting. My partner actually wants 1.50 Per Unit sold. I introduced a clause that would only hold the Royalty in place if the profit per unit was Greater than $5.00 If the profit is below $5 the royalty is eliminated. In addition I requested a commission for me if...
  3. J

    Is this a fair deal ??

    HOT! 
    I agree with you What you are saying makes sense now
  4. J

    Is this a fair deal ??

    HOT! 
    He is creative but not really a inventor by trade with more inventions in the pipeline. I am confused though about the 60% of the $1. The way he thinks it would work is ... say the company makes 100K in year 1 and sells 30K units . He would take 60K and I would take 40K. in addition he would...
  5. J

    How to protect New Product idea in China

    IDEA 
    Hey guys I need to be in China in 3 weeks to produce a new product invention in the textile industry. I already have patent in US and have until February to purchase patents in other Countries. I can get a Chinese patent, but I am wondering if it will really hold up. I am worried my product...
  6. J

    Need to be in China in 3 weeks ...Where Do I start ?

    I need to be on plane in China in 3 Weeks to produce 3 products for Dec 1 National TV Deal. Need to produce a Robe, Towels, Gift Boxing and manufacture for new textile invention... Can anyone recommend a trusted sourcing agent to guide me and travel with me.
  7. J

    Is this a fair deal ??

    HOT! 
    He invented the product but with company funds, tools, machines and employees. We have been friedns for 10 years and partners for 10 with no agreement in place....so NO there is no Shot Gun agreement in place. the product should cost 5-7 dollars to make and we plan on retailing for $24.95 so I...
  8. J

    Is this a fair deal ??

    HOT! 
    Thanks I agree , execution is key here and we are both building the company together but still I feel a $1 request is high.
  9. J

    Is this a fair deal ??

    HOT! 
    Whoa, why do you think I dont deserve 40% ? He created the invention on company time, company funds, and used company equipment employees to help. The invention is related to the industry we are in. I have been a partner in the company for 10 years.
  10. J

    Is this a fair deal ??

    HOT! 
    Yes I did He said $1 is fair....so I say let the people decide what is fair ! He thinks he deserves an inventors royalty. I think fair is something like .25
  11. J

    Is this a fair deal ??

    HOT! 
    Also to add we have been business partners for 10 years already and we simply used the current business money and time to pay for the patent and develop the prototype. We did not yet incorporate the new company or might not completely as its a product invention in our current industry
  12. J

    Is this a fair deal ??

    HOT! 
    He is the Inventor and Creator of the product. He made the entire prototype by hand as well... I give him credit for it but I don't think $1 royalty is fair on top of his 60%
  13. J

    Is this a fair deal ??

    HOT! 
    I am currently involved in a ecommerce business partnership 60/40 I am the 40% partner my business partner created a new invention in our industry which we are patenting. We are planning on developing this product and formulating a new company under our existing company which would retain...
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