Here are some common questions about Wake Consulting & Innovations
Step 1: Our innovators figure out a new invention which would improve profitability across an industry or market.
Step 2: We approach leaders in the industry or market about the possibility of purchasing this information after full disclosure while protecting our intellectual property rights.
Step 3: We reach an agreement whereby if the company implements our economic methods and generates revenue we are entitled to a percentage of the revenue.
Step 4: The companies implement our methods and generate revenue.
A. We use non disclosure agreements and trade secret law to protect our work, which is standard in the industry.
B. We make certain representations in advance and reach an agreement for compensation based on these representations.
- If the representations are inaccurate then the agreement is of no effect.
- When the representations produce income for your business then we are entitled to compensation in the agreed upon amount.
A. We are not like traditional start-ups which reveal confidential business information to get investment in a business. We are not selling shares of stock or a company for you to invest in. We sell information which improves the profitability of your business, not our business.
B. We are only compensated if you implement our innovations and make money. If you don’t make any money, we get nothing.
A. The terms of the NDA are very clear that if you already possess this information then in no way do we need to be compensated unless we make a material contribution, which generates revenue.
B. In addition, we make certain initial representations about the economic effects of our innovations prior to signing an NDA, which we can substantiate with initial economic reports. If you are working on something which sounds similar that has the potential to generate as much revenue as our initial economic report, then our service might not be for you. However, if when we tell you our conservative revenue projections and you have nothing which could generate those returns then you should sign the NDA and see the economic reports and innovations so you can make an informed business decision.
A. Nothing. All that is required to see the innovations is a non-disclosure agreement related to a very specific set of claims, which define the nature of the innovation and related economic reports.