Chapter 62 Informal Business Negotiations



Xing Baohua has a lot of messy things to deal with. Whether it's Xu Shuai or Hong Mingliang causing trouble, it's all very tiring for him.

Meanwhile, on the other side of the ocean, in the United States, three foreigners dressed like monsters sat at a street-side café, drinking coffee at a round table.

The portly Petermont recently struck it rich. In a good mood, he even eats two sandwiches.

Brier, who kept glancing at his watch, looked somewhat tense.

"Brell, how many minutes until our appointment?" Petermont asked, taking a small sip of his coffee.

“How many times have I told you, Petermont, you need to buy a watch,” Brier said, pointing to the watch on his wrist, without answering the question Petermont had just raised.

“I bought a watch last year,” Petermont said, shrugging his shoulders. “I’m not used to wearing it.”

"George, do you think we can do this?" Brier glanced at Petermon speechlessly before asking George.

“Maybe we should ask God, this meeting is also an opportunity for us. Guys, this time there’s a real chance to sell this patent, we need to register the company right away,” George said.

It turns out that after George and his group returned to Great America, they didn't register a company as Xing Baohua had instructed. Instead, they used the two documents Xing Baohua had to apply for a patent.

Furthermore, they didn't try to develop any business during the patent application process. They wanted to play it safe. They just wanted to see if the patent could be obtained. What's the point of starting a company if you can't even get a patent?

Petermont paid for the patent application himself; a specialized agency helped with the application, which Petermont specifically sought out to save time.

He actually wanted to save on the service fee, but none of the three of them had ever applied for a patent and didn't know the procedure. Having a service agency help them would save them time.

After the patent was granted, George and his team didn't use their vacation time to run business. Instead, they put the documents and patent given to them by Xing Baohua in an envelope and mailed them to the companies Xing Baohua had instructed them to.

They can just stay home and wait for notification; they can enjoy their holidays and go on dates as they please. If they don't receive a notification, it's likely that no one will be interested in Xing Baohua's design patent.

Waiting is tedious, and nobody knows if those arrogant big shots will even be interested in such a thing.

Even George thought that if Xing Baohua's patent remained unsold for a year, he would find a way to sell it cheaply. No matter how much it cost, he could at least get some money.

Petermont was lucky last week when he sold a sound system. The guy asked for $100,000—a number that would scare even God away! But the guy was smarter than God; he haggled it down and bought the system.

After selling the audio equipment to Piedmont, it's like I have a god standing behind me. Even emails to big companies get replies; it seems I've benefited from Piedmont's good fortune.

Today's visitor is Henry, the deputy director of Motorola's laboratory. He wants to discuss patent matters. Actually, it's not just him; three other companies, no less prestigious than Motorola, also want to meet with us.

They had agreed to meet at this cafe at 2 p.m., but they arrived early and had to wait. Petermont even ordered two sandwiches because he was hungry.

The time was almost up, and a bald man in a suit walked this way.

First, look around outside the coffee shop, and only walk over when you see George reaching out his hand.

“Sorry, I don’t think I’m late,” said the important man named Henry.

“You’re not late, sir. We’re the ones who arrived early. Please have a seat and have something to drink.” George and the other two stood up, and George said respectfully.

"A glass of water," Henry said to George after sitting down. Brier, standing nearby, called out to the waiter: "We'd like a glass of water."

“I’m sorry to have brought you here. I’m defining this meeting as an informal business discussion,” Henry said politely.

“Yes, sir,” George said. He didn’t care whether it was formal or informal; he was open to discussing anything that could be sold, anywhere was fine.

“I’d like to ask if I can meet with the patent holder? There are some things I need to discuss with him in person. Of course, if a deposit is required, I can pay it,” Henry said. Actually, they had already communicated before the appointment. The three of them were the patent holder’s agents, responsible for business negotiations.

Henry clearly had some understanding of the brokerage system; to meet with the parties involved, one needed to pay a deposit or something similar to prevent them from making deals without the broker's knowledge.

"I'm so sorry, Mr. Henry, you won't be able to see him for the time being," George said after exchanging glances with his two companions.

"Is it inconvenient for the patent holder, or can we only meet after the money is paid in full? Don't worry, the deposit isn't a problem." Henry's tone carried a slight hint of dissatisfaction; he had already lowered his stance today. Besides, if it's a matter of money, why not at least ask if they're short of cash?

Seeing Henry's displeasure, George quickly said, "You may have misunderstood, sir. My client is not in Great America, but in A. If you need to contact him, the fastest way is to invite him here in person, or you can send someone to A to talk to him personally. If you're not in a hurry, you can write a letter and we'll mail it to you."

“Okay, I understand. Alright, let’s have a preliminary discussion: sell this patent to the motorcycle company,” Henry said.

“My employer’s original intention was to license the use of the patent.” When George heard that it was a one-time buyout, he proposed a licensing sales model: if the motorcycle used the patent in its products, then it would have to pay the patent fee for each product sold.

The former will pay a high fee, while the latter will pay less in patent fees, but the money will accumulate over time.

“300,000 US dollars, I think your client will be very excited about that number.” Henry said, looking at the other party’s expression.

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