BUSINESS LIQUIDATION, PATENTS and ROYALTIES
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| Start Time |
Wednesday, September 24, 2008 |
| End Time |
Friday, October 24, 2008 |
| Location |
Cambridge, ON |
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Description
ebat BUSINESS LIQUIDATION with PATENTS, and with ROYALTY PAYMENTS PATENTS This auction is one lot for the transfer of ownership (assignment) of the following PATENTS describing the EZ-PIKUP RAKETM. PATENT number USA, 6,311,465, view government records at, http://patft.uspto.gov/netahtml/PTO/srchnum.htm PATENT number Canada 2188956, view government records at, http://patents.ic.gc.ca/cipo/cpd/en/patent/2188956/summary.html and, the sole rights to exploit PATENT number Germany 202017273. Included is the transfer of ownership (assignment) of the following PATENTS describing the LIFT ASSISTTM snow shovel. PATENT number USA 7,032,942, view government records at http://patft.uspto.gov/netahtml/PTO/srchnum.htm PATENT application (Allowed) CA 2429003, view government records at http://patents.ic.gc.ca/cipo/cpd/en/search/number.html ROYALTIES Included are ROYALTIES payable to the patent owner of Patent US6311465 and Patent 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, being 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, payable to the LICENSEE 90 days following each shipment. The LICENSEE is a well established, well connected and sound wholesale trading company of horticultural tools. A copy of said license is available for examination upon request. Email CanadaRake@golden.net A second manufacturing / wholesale license was granted to CANADA RAKE, POB. 367, BOLTON, ONTARIO, CANADA. L7E5T3, a small business located in Canada with sole rights to manufacture and sell under the same terms as the preceding but inclusive of any patent rights issued by any LICENSEE. These are general licenses which do not limit the number of manufacturing licenses that can be granted by the assignee. SMALL BUSINESS You are also bidding on the LIQUIDATED ASSETS of CANADA RAKE, POB 367, BOLTON, ONTARIO, CANADA, L7E5T3. A small business known in the lawn rake industry. All taxes, capital losses, creditors and obligations have been subtracted. Nothing remains but the business license, name, good will, a small inventory of EZ-PIKUP RAKESTM, logotypes, webpage, engineering drawings and graphics. Additionally the successful bidder will gain the rights to a new product that was being developed by Canada Rake called SOFT TOESTM. Details are 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 RAKETM 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 with a maximum of 1,100,000 in North Amercia. Wholesale priced between $5 to $8. There are Cad 3D drawings for retooling a new version which was intended for Canadian Tires Stores when the inventor went into the hospital. Video can be viewed here, http://www.youtube.com/watch?v=drhmJEQUUfQ There are engineering drawings for the TUNDRATM snow shovel with LIFT ASSISTTM which are not complete but were sufficient for copies to be in Taiwan for production estimates. This is a much better ergonomic shovel. It is called a "STAND UP" shovel and not a bent handle type. Tests with the prototypes proved it really does reduce back stain effectively and moves it to both arms but it has a nice feature in that it can also be used conventionally. It was designed to lift more snow with less effort. The patents are relatively new. The Canadian application is currently being allowed and will soon be granted. View webpage for product details http://home.golden.net/~tisr/
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