Legal Question in Intellectual Property in New Mexico
How do I pitch this intellectual property?
I have an intellectual property in the form of a tool that is going to solve a serious problem on the field in American football and revolutionize the way the game is played.
I want a specific NCAA team to test it under a licensing agreement that says they owe me nothing if it doesn't work, and they owe me a substantial one-time fee for unlimited use if it does.
The problem: I have no professional experience in football, and it will be difficult for me to get an audience with the athletic department at any college. After all, no one in the history of football has ever been able to solve this problem, including today's multi-million-dollar coaches; what makes me think I can?
So, in order to get it in the door, I want to pitch it to a private multi-billionaire who has a passion and obsession for doing whatever it takes to put this particular team at the top of the football food chain. He could walk the idea right into the athletic director's office.
Should I have an attorney approach him, or should I do it myself?
Should it be casual, or should it be legal---non-disclosure agreement, etc.?
How should I contact this gentleman?
1 Answer from Attorneys
Re: How do I pitch this intellectual property?
Whether or not you should have an attorney approach your multi-billionaire depends on any existing relationship you may have with him.
The professional and expected thing to do is to have a good, tight non-disclosure agreement in place before anything about an invention is disclosed. A well-drafted NDA protects both parties.
I regularly handle inventions and the patenting and licensing thereof. Feel free to contact me directly if you wish to use my services in this matter.
Good luck with it.
THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.
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