Consumer Law, Warranties International exculsivity agreement

[jaypender]

I am about to present a project to a European manufacturer (who makes a universally recognized product). They have already signed a 5yr non-disclosure agreement.

I now require an exclusivity agreement in which they have 30 days to accept the project and then enter into a more detailed mutually binding agreement.

I have the ideas, IP, models, methodologies and supplementary technical expertise to deliver the final embodiment of the project yet require them to manufacture, produce and distribute my version of their product.

It is anticipated that following the 30 day exclusivity period, the parties (me as "project provider" and they as "project producer") will enter into a mutually binding agreement on JV or partnership terms in respect of the project.

 

[Michael Wechsler]

So what is your question? What is the point of a 30 day acceptance period without an agreement in place? If it were me, I'd make it a 30 day accept and sign period in return for something and would only provide an exclusivity period if the other party requests it and you see them making an investment into making the deal happen and can't afford to have you shopping for competitive offers.

 

[jaypender]

Thanks for your reply lawprofressor. What's your cost for an accept and sign agreement?