INDEPENDENT CONSULTING AGREEMENT

Exhibit 10.7 Agreement with Summit Financial Partners, LLC

                        INDEPENDENT CONSULTING AGREEMENT

     This Independent Consulting Agreement ("Agreement"), effective as of the

3rd day of December, 2003 ("Effective Date") is entered into by and between

INNOVATIVE DESIGNS, INC., a Delaware corporation (herein referred to as the

"Company") and SUMMIT FINANCIAL PARTNERS, LLC., an Indiana Limited Liability

Company (herein referred to as the "Consultant").

                                    RECITALS

WHEREAS, the Company is a publicly-held corporation with its common stock traded

on the OTCBB; and

WHEREAS, Company desires to engage the services of Consultant to represent the

company in investors' communications and public relations with existing

shareholders, brokers, dealers and other investment professionals as to the

Company's current and proposed activities, and to consult with management

concerning such Company activities.

NOW THEREFORE, in consideration of the promises and the mutual covenants and

agreements hereinafter set forth, the parties hereto covenant and agree as

follows:

1.   Term of Consultancy. Company hereby agrees to retain the Consultant to

act in a consulting capacity to the Company, and the Consultant hereby agrees to

provide services to the Company commencing immediately and ending on June 3,

2005.

2.   Duties of Consultant. The Consultant agrees that it will generally

provide the following specified consulting services through its officers and

employees during the term specified in Section 1, above.

(a)  Consult with and assist the Company in developing and implementing

appropriate plans and means for presenting the Company and its business plans,

strategy and personnel to the financial community, establishing an image for the

Company in the financial community, and creating the foundation for subsequent

financial public relations efforts;

(b)  Introduce the Company to the financial community, including but not limited

to, retail brokers, buy side and sell side institutional managers, portfolio

managers, analysts, and financial public relations professionals;

(c)  With the cooperation of the Company, maintain an awareness during the term

of this Agreement of the Company's plans, strategy and personnel, as they may

evolve during such period, and consult and assist the Company in communicating

appropriate information regarding such plans, strategy and personnel to the

financial community;

(d)  Assist and consult the Company with respect to its (i) relations with

stockholders, (ii) relations with brokers, dealers, analysts and other

investment professionals, and (iii) financial public relations generally;

(e)  Perform the functions generally assigned to stockholder relations and

public relations departments in major corporations, including responding to all

telephone and written inquiries (which may be referred to the Consultant by the

Company); preparing press releases for the Company with the Company's

involvement and approval of press releases, reports and other communications

with or to shareholders, the investment community and the general public;

consulting with respect to the timing, form, distribution, and other matters

related to such releases, reports and communications; and, at the Company's

request and subject to the Company's securing its own rights to the use of its

names, marks, and logos, consulting with respect to corporate symbols, logos,

names, the presentation of such symbols, logos and names, and other matters

relating to corporate image;

(f)  Upon and with the Company's direction and written approval, disseminate

information regarding the Company to shareholders, brokers, dealers, other

investment community professionals and the general investing public;

(g)  Upon and with the Company's direction, conduct meetings, in person or by

telephone, with brokers, dealers, analysts and other investment professionals to

communicate with them regarding the Company's plans, goals and activities, and

assist the Company in preparing for press conferences and other forums involving

the media, investment professionals, and the general investment public;

(h)  At the Company's request, review business plans, strategies, mission

statements budgets, proposed transactions, and other plans for the purpose of

advising the Company of the public relations implications thereof; and

(i)  Otherwise perform as the Company's consultant for public relations and

relations with financial professionals.

3.   Allocation of Time and Energies. The Consultant hereby promises to

perform and discharge faithfully the responsibilities which may be assigned to

the Consultant from time to time by the officers and duly authorized

representatives of the Company in connection with the conduct of its financial

and public relations and communications activities, so long as such activities

are in compliance with applicable securities laws and regulations. Consultant

and staff shall diligently and thoroughly provide the consulting services

required hereunder. Although no specific hours-per-day requirement will be

required, Consultant and the Company agree that Consultant will perform the

duties set forth herein above in a diligent and professional manner. The parties

acknowledge and agree that a disproportionately large amount of the effort to be

expended and the costs to be incurred by the Consultant and the benefits to be

received by the Company are expected to occur within or shortly after the first

two months of the effectiveness of this Agreement. It is explicitly understood

that neither the price of the Company's common stock, nor the trading volume of

the Company's common stock hereunder measure Consultant's performance of its

duties. It is also understood that the Company is entering into this Agreement

with Consultant, a corporation and not any individual member or employee

thereof, and, as such, Consultant will not be deemed to have breached this

Agreement if any member, officer or director of the Consultant leaves the firm

or dies or becomes physically unable to perform any meaningful activities during

the term of the Agreement, provided the Consultant otherwise performs its

obligations under this Agreement.

4.   Remuneration.

4.1  (a) For undertaking this engagement, for previous services rendered,

and for other good and valuable consideration, the Company agrees to issue, or

have issued, to the Consultant a "Commencement Bonus" of Eight Hundred Thousand

(800,000) restricted shares of the Company's Common Stock ("Common Stock" and

such shares, collectively, the "Shares"). The Shares are to be issued to

Consultant's principals in the following manner: The Altavilla Family Trust

(560,000 restricted shares), Alan C. Shoaf (120,000 restricted shares) and

Marlin G. Molinaro (120,000 restricted shares). The aforementioned principals

shall be included in the aforementioned definition of Consultan