Click icon to prepare your Nondisclosure Agreement. A. Mirro is constantly pursuing new products and new markets to fully utilize our engineering, manufacturing, and marketing potential. We hope to respond within four weeks of receiving the properly executed submission. The review period is dependent upon a number of factors, including the completeness of the submission, the complexity of the invention, etc. We give preference to inventions which have issued utility patents.
Prototypes are particularly desirable.
We are, however, interested in inventions regardless of the state of evolution, although for submission purposes, you must have a signed and dated written description. A. No, the submission is processed free of charge. A number of factors are involved in determining what royalty payment will be made for an invention in which we have an interest. Among these factors are the size of the potential market, projected profitability of the product, tooling, costs, and the projected life cycle of the product. When and if appropriate, negotiations with you as to royalty or other compensation will begin.