Me and my brother have an idea of the brand new product that would solve one widespread problem among the smartphone users. But due to the fact that we don’t have required resources and opportunities to make that idea come to life, I’ve contacted the company that might be interested in my idea and would be able to realize that project. I described them the problem and explained how my product would be able to solve it and have provided its advantages over devices that perform the same function. The COO of the company has replied me and wants to discuss that idea together and ensured me that it would be under NDA. Since I don’t have any prototype of my device but only the pictures of its appearance and full explanation of the mechanism, what can I ask in exchange of my idea to them? I don’t have experience in such things. As a graduate I want to offer them my idea in exchange for a chance for me and my brother to work for their company and some percentage from the sales in case they decide to produce it. Does it sound possible? Should I include my conditions in the NDA? And what type of NDA should I use then? I don’t know what steps should I make now? I can’t afford attorney to help me with my occasion, but I hope that I will be able to get advice from you guys.
Thank you in advance!