PATENTS, ROYALTY PAYMENTS, and SMALL BUSINESS Start Price USD 1,000,000.00 Current Price USD 1,000,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Thursday, August 21, 2008 End Time Sunday, August 31, 2008 Location Cambridge, ON See more about ' PATENTS, ROYALTY PAYMENTS, and SMALL BUSINESS' Description LICENSED PATENTS, with ROYALTY PAYMENTS, and BUSINESS LIQUIDATION. PATENTS You are bidding on the transfer of ownership (assignment) of the PATENTS describing  the  EZ-PIKUP RAKE TM. PATENT number USA, 6,311,465 view at,  http://patft.uspto.gov/netahtml/PTO/srchnum.htm PATENT number Canada 2188956 view at, http://patents.ic.gc.ca/cipo/cpd/en/patent/2188956/summary.html and, the sole rights to exploit PATENT number Germany 202017273. You are bidding on the transfer of ownership (assignment) of the PATENTS describing the LIFT ASSIST TM  snow shovel. PATENT number USA 7,032,942 view at http://patft.uspto.gov/netahtml/PTO/srchnum.htm PATENT application (Allowed) CA 2429003 view at http://patents.ic.gc.ca/cipo/cpd/en/search/number.html ROYALTIES You are also bidding on the ROYALTIES payable to the patent owner of US6311465 and Can2188956 which will be transferred to you through the government offices respectively. The successful bidder will gain title as the LISENSOR to the MANUFACTURING LICENSING AGREEMENT with the LICENSEE, FLYING HIGH INTERNATIONAL INDUSTRIAL SUPPLY COMPANY OF TAIWAN. This is a general nonexclusive manufacturing agreement for the life of the US and Canadian patents in the amount of 10% F.O.B. of the LICENSEE's total gross F.O.B. sales per pick-up rake sold in all countries inclusive. The LICENSEE is a well established, well connected and sound wholesale trading company of horticultural tools. A copy of said license is available to bidders for examination upon request. An additional pick-up rake selling and manufacturing agreement is held with CANADA RAKE, POB. 367, BOLTON, ONTARIO, CANADA. L7E5T3, a small business located in Canada. A SMALL BUSINESS You are also bidding on the LIQUIDATED ASSETS of CANADA RAKE, POB 367, BOLTON,  ONTARIO, CANADA, L7E5T3. Known in the lawn rake industry. All taxes, capital losses, creditors and obligations have been subtracted. Nothing remains but the business license, a small inventory of EZ-PIKUP RAKES, logotypes, webpage, engineering drawings and graphics. Additionally the successful bidder will gain the rights to a new product being developed by Canada Rake called SOFT TOES TM. details withheld as trade secret for the purpose of this auction. Canada Rakes webpage is parked but may be viewed at http://home.golden.net/~tisr/ MORE DETAILS The EZ-PIKUP RAKE TM if developed properly could be the worlds best pick-up rake. This is a more complex design which uses a force multiplying pulley system and an articulating paddle operated from a sliding grip located on the elongated handle. Those who have them, are thrilled with them.  Organic Gardening Magazine, "our kids loved to use it ". Estimated sales were 300000 per year and up. Wholesale priced between $5 to $8. They were retooling a new version intended for Canadian Tires Stores when the inventor went into the hospital. Video can be viewed here, http://www.youtube.com/watch?v=drhmJEQUUfQ The engineering drawings for the TUNDRA snow shovel with LIFT ASSIST TM are not complete but were sufficient for copies to be in Taiwan for production estimates. This is a much better ergonomic shovel. It is a "STAND UP" shovel not a bend handle type. Really does reduce back stain effectively and moves it to both arms but can also be used conventionally. These patents are new, the Canadian application is being allowed and will be granted soon. Could bring in big dollars in the right hands. View webpage for product details http://home.golden.net/~tisr/ Place a Bid!