I have been in business long enough to understand NDAs. I have my own
for Rossi to sign as well and it has teeth as I'm sure his does. Then
there are the product warranties and guarantees and what happens if a
breach / default event occurs, which we will draft. It may be only $200k
but it is my $200k and I don't like losing money buying a crappy product.
AG
On 11/21/2011 3:41 AM, Mary Yugo wrote:
On Sun, Nov 20, 2011 at 9:07 AM, Aussie Guy E-Cat
<aussieguy.e...@gmail.com <mailto:aussieguy.e...@gmail.com>> wrote:
As I stated, I have sent an introductory and request to purchase a
100 kW plant email to i...@leonardocorp1996.com
<mailto:i...@leonardocorp1996.com> with details of the existing
business structure and the proposed business model. I expect it
will take several days to get an initial reply and to start the
NDA / contract / agreed test conditions, etc negotiations. Oz just
about totally shuts down over Christmas and New Years for at least
2 weeks. It is our summer break and no one is at work. So I expect
I'm pushing it up a steep hill to expect to get over to Bologna
before Christmas. But I may get lucky.
If you have to sign an NDA, you may want to negotiate to exclude any
provisions which preclude you from saying when you receive a device
and/or are allowed to test it, the test method and the test result.
There is no reason to include such stuff in an NDA and only a scammer
would do so. I believe that is what Steorn did and it's why the
Steorn investors have never been heard from.
