Hi guys, very new hear and I haven't had much of a chance to browse previous topics in relation to this but I was hoping you could offer some advice.
I have recently developed and brought to prototype stage some electrical industry specific items that have been getting attention from a large electrical accessories manufacturer here in Melbourne. They seem extremely interested and have asked us to present out items in person.
Having never done this before I wouldnt know where to even begin to evaluate something like this.
I also have no idea what terms should be negotiated into a contract if it does sell. Do I ask for an outright payment or incremental payments or royalties or both or what?
Is there a professional service that typically deals with contracts terms and valuation like a lawyer or anything
Any help would be greatly appreciated