Hi,
Here is the question,
I really thank you, can you please explain me a litte bit;
I have found a new kind of hot drink.
Last week I have send an email to a Food and Beverage Company about the project.
And they have said that their R&D Department will call me.
Today or tomorrow they may call me but I really do not know how will I offer my project.
I mean about the money...
I have 3 options in my mind.
1. 25.000cash and %2 of the profit a year.
2. 50.000cash.
3. %5 of the profit and no cash.
What can you offer me?
Please, I am waiting for the answer,
Thank you very much
2006-10-04 20:33:22 · 15 answers · asked by YOU 1 in Business & Finance ➔ Investing
$50,000 and 10% of the profit. You have to figure that if the company can find a way to ripp you off they will jump all over it. If it's a good drink they will make millions and they will get 90% of your idea you get the peanuts. Does your drinik go good with peanuts?
2006-10-04 20:56:04 · answer #1 · answered by Anonymous · 0⤊ 2⤋
Have you taken a petent or do you have a patent pending on the ingredients ?
If not, your shoudl not show your ingredients to the firm. Once you do that it will be public doman and worthless to you.
I'd take £50K cash. No idea where you came up with that figure, its a lot to pay for an ingredients list because the firm will have to revalidate it and do all sorts of tests in thier lab before they settled on a final list.
If you get the chance, take the money and run.
If you go for annual rights, you'll have complex contracts to deal with. If it becomes megga popular they will just morph it into something else and claim its a different drink.
2006-10-05 03:44:09 · answer #2 · answered by Michael H 7 · 1⤊ 0⤋
1% of the net profit and no cash.
Seriously though, only offer them the rights
for a certain area and for a limited time (say 5 years or negociate it).
Maybe only Southwestern USA at first, be specific with each state, but be willing to negociate.
That way you can sell them the rights for other areas, and have them renew the rights later for a better deal. Or you can sell the rights to another company.
I hope you sent them a registered letter about it, if not, send a notarized registered letter to your attorney to document what you have.
2006-10-05 06:06:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
option 1
2006-10-05 03:42:10 · answer #4 · answered by Saphire 3 · 0⤊ 0⤋
By far YOU are the most clever. You are the one that invented this new hot beverage.Congratulations!!!!! I would get a patent and get a cheap lawyer. To make sure don't get cheated out of what's rightfully yours. I hope it's a million dollar hit. Keep up the good work:)Smiles to you all the way:):):):)
2006-10-05 03:48:58 · answer #5 · answered by Regina 2 · 0⤊ 0⤋
If it was for me ,i would consult a lawyer and /or will have 25.000cash and %2 of the profit a year as my option! This is a stable income!
2006-10-05 03:43:16 · answer #6 · answered by Princess 2 · 0⤊ 0⤋
$50000 cash and 10% of the profits, plus the patent costs!
Then, employ me to build a sales-network worldwide. I live in Switzerland, from UK orig. and have contacts all over the world!
See ya in Alaska my friend! Good Luck !!!!!
2006-10-05 06:07:13 · answer #7 · answered by Gary H 3 · 0⤊ 0⤋
Come on, Vegeta94...get a LAWYER (so good you said it thrice?). It may make you feel good for the first ten minutes - but will make the lawyer even better, as his percentage will make your eyes water (with sadness, rather than strain), as time goes on.
2006-10-05 03:47:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
The beverage company they always win in the end
2006-10-05 03:38:24 · answer #9 · answered by colin050659 6 · 1⤊ 0⤋
Option 1 is what I would take!
Have a nice day!
2006-10-05 03:55:35 · answer #10 · answered by Proto 3 · 0⤊ 0⤋