Request the Free Invention Kit from our Featured Invention Help Companies to Learn More about:
✔Marketing and Selling your Concept
✔Is your Idea Patentable?
✔Applying for a Patent
✔Developing a Prototype
✔Inventions and Patents
✔Licensing your Product
✔Developing a Prudent Development Plan
Disclosure (1 of 2)
Step 5 of 7
Step 5 of 7
AFFIRMATIVE DISCLOSURE STATEMENT
You should read all of this information carefully before proceeding.
The total number of consumers who submitted new product ideas to Davison during the past five years is seven hundred eighty two thousand two hundred fifty six (782,256). Davison does not provide evaluation of commercial potential; thus, it has provided no positive or negative evaluation of this or any other product idea in the last five years. The total number of consumers who were offered a Pre-Development agreement (or similar contract for research services) is two hundred eighty thousand one hundred twenty three (280,123). The total number of consumers who were offered a Contingency Agreement (or other contract for licensing representation) is two hundred eighty thousand one hundred twenty three (280,123). The total number of consumers who purchased a Pre-Development Agreement or similar contract for research services is fifty four thousand six hundred twenty three (54,623). The total number of consumers who signed a Contingency Agreement or other licensing representation agreement is fifty four thousand six hundred twenty three (54,623). The total number of consumers who were offered a New Product Sample Agreement (or any other contract for design services for a virtual or a product sample) is thirty five thousand seven hundred twenty one (35,721). The number of consumers who signed a New Product Sample Agreement or similar agreement is seventeen thousand three hundred sixty nine (17,369). The number of consumers who obtained a written license with a company that is not affiliated with Davison is one hundered two (102).
The total number of consumers in the last five years who made more money in royalties or sales proceeds than they paid to Davison, in total, under any and all agreements with Davison, is fifteen (15). This number includes people who first made a profit more than 5 years ago, if they continued to make additional profit during the past five years. The percentage of Davison's income that came from royalties paid on licenses of consumers' products is .001%.
Davison complies with all regulatory codes. 35 United States Code §297 requires that specific information be provided to you prior to contracting for our services:
Davison does not offer evaluations of idea submissions for commercial potential; therefore, the total number evaluated in the past five years is zero (0), the number of positive evaluations is zero (0) and the number of negative evaluations is zero (0). The total number of customers who have contracted with Davison in the past five years is fifty four thousand six hundred twenty three (54,623).The number of customers who received a net financial profit as a direct result of the company's services over the company's history, since 1989, is thirty five (35). Since 1989, the total number of customers known by Davison to have received license agreements for their product ideas as a direct result of Davison's services is eight hundred thirty (830).
It is Davison's normal practice to seek more than one contract in connection with a submitted idea. Those contracts are:
Pre-Development and Representation- Davison will: (a) provide information on products and patents relevant to the development of the product idea; and (b) attempt to locate a licensee for the product idea after it is fully developed. Davison charges a fee of seven hundred and ninety five dollars ($795) plus a ten percent commission of all money received by the client on the sale or license of the product.
Types of Second Phase Agreements- Depending upon the degree of client preparation and the difficulty of the concept, Davison typically offers either: (a) New Product Sample Agreement- Davison offers to professionally design and construct a product sample, graphics, packaging and presentation materials; (b) Integrated Product Rendering agreement- Davison offers to prepare design images and graphics suitable for presentation of the idea; or, (c) App development- Davison offers to develop a computer application for submission to a publisher of applications or for use in conjunction with a developed product; (d) Custom agreement- Davison offers to perform services in one or more areas of video, design work, graphics or package preparation. While the fees for these services are individually quoted based upon the complexity, type and anticipated design work and materials to be used in designing and constructing the invention, the fees typically range from eight thousand dollars ($8,000) to fifteen thousand dollars ($15,000).
Additional Presentation/Repackaging/Refurbishment- For three hundred and ninety five dollars ($395) we will present the product idea to another potential licensee. We will create an additional set of graphics and, if necessary, refurbish/repair the product sample and packaging.
Representation Agreement- Clients who have quantities of professionally manufactured products and are looking for licensing or distribution channels may be offered this service in lieu of all other services. The service includes targeting potential corporations, presenting the product to potential licensees or distributors, as requested, and attempting to negotiate agreements for the license or distribution of the manufactured product. The fee is typically two thousand, nine hundred and fifty dollars ($2,950) plus a ten percent commission on all money received by the client on the sale or license of the product.
Congratulations! Your information has been submitted to Inventionland. You will be contacted shortly to begin the process of making your invention idea a reality. Your information is confidential so please answer the questions as thoroughly as possible for the best results. You can ask the invention specialist any questions you may have with regards to your invention idea. Good luck with your invention process!
Inventionland is Americas largest invention factory, where corporations,retailers and inventors come for their innovative new products. For nearly a decade it has produced products that have been sold in more than 1200 online stores and retail outlets. Inventionland also constructs consumer created product solutions through its exclusive partnership with Davison Design and Development.
Learn more about Davison and Inventionland
Our products have sold in over 1200 stores, including: