Texas  |  Business Law

Legal Question

Asked on: 2/17/06, 5:29 pm

funding agreement for invention

I have invented a product. I have a patent application on file with US. I am currently speaking with investors that want to give me start up money to build a prototype of my invention so that I can bring it to potential manufacturers and sell it. I need to know what kind of business contract I would enter into with these investors in order to ensure my invention remained mine and that they could still give me the money I need to start up. I am sure they will want some kind of return on their investment, but I don't know that it will sell so I can't give them any guarantees of return funds.

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