Unsolicited Idea Submission Response Letter Agreement | Practical Law

Unsolicited Idea Submission Response Letter Agreement | Practical Law

A letter agreement for a company, such as a manufacturing company, to respond to an unsolicited idea for potential commercialization where the company considers unsolicited ideas. This Standard Document contains common terms clearly stating that the company will not accept confidential information and has no obligation to pay for the idea or enter into any further agreement concerning the idea. This Standard Document has integrated drafting notes with important explanations and drafting tips. It is drafted in favor of the company receiving the unsolicited idea but aims to be reasonable.

Unsolicited Idea Submission Response Letter Agreement

Practical Law Standard Document 4-532-3253 (Approx. 13 pages)

Unsolicited Idea Submission Response Letter Agreement

by Practical Law Intellectual Property & Technology
MaintainedUSA (National/Federal)
A letter agreement for a company, such as a manufacturing company, to respond to an unsolicited idea for potential commercialization where the company considers unsolicited ideas. This Standard Document contains common terms clearly stating that the company will not accept confidential information and has no obligation to pay for the idea or enter into any further agreement concerning the idea. This Standard Document has integrated drafting notes with important explanations and drafting tips. It is drafted in favor of the company receiving the unsolicited idea but aims to be reasonable.