Donít Miss Your Chance to Take Your Invention to the Next Level
Submit Your Idea Today!
Before submitting your idea, product or invention, you must agree to the following terms and conditions:
In order to submit your new product or invention to Inventel* you must read and accept the following terms: 1. There is no charge for this initial submission. 2. There is no charge for those submissions that Inventel is interested in pursuing further. 3. No confidential relationship or obligation of secrecy will be established between you and Inventel or its partners with respect to your new product or invention or with respect to any materials you submit to us. 4. Your submission does not grant any rights to us under existing or future patents. However, except for claims of patent infringement, we will have the unrestricted right to use and disclose your submission. Since patents are sometimes inadvertently granted on ideas that are old or obvious, we reserve the right to contest the validity, infringement or enforce ability of any patent. 5. We or our partners may be developing ideas, products or inventions that are the same as or similar to your new product or invention, and your submission will in no way restrict our right to develop those ideas, products or inventions. 6. We will notify you if your new product or invention is not selected for further review, in which case neither of us will have any further obligation to the other. We will not return any submission materials. 7. If, after further review, we decide in our sole discretion that your new product or invention may have commercial potential, you will enter into a contract with us that will describe, among other things, the efforts we will make to develop your new product or invention and how we will share any revenues resulting from its commercialization. 8. By making your submission, you represent and warrant to us that (i) you are the sole and exclusive owner of the new product or invention and all materials submitted to us; (ii) your submission does not violate the rights of any third party and does not violate any other agreement or understanding that may be binding on you; (iii) your new product or invention is unique and does not resemble any other product on the market; (iv) you have the legal right and capacity to accept these terms and (v) you will hold us harmless from any loss resulting from your violation of these terms. 9. These terms constitute a binding agreement between us and our respective successors and assigns. Any prior negotiations or agreements are merged into and superseded by these terms, which may not be modified or waived except in writing signed by both of us. We may assign this agreement; you may not assign this agreement unless we give our prior written consent. 10. This agreement, and the relationship established here under, shall be interpreted and construed in accordance with the internal laws of the State of New Jersey, without regard to its principles of conflicts of law. 11. If your new product or invention is declined by Inventel, our partners at Lightning Launch* may contact you to review the product further. *Inventel is affiliated with Lightning Launch, LLC. If Inventel is not interested in further reviewing the product, a Product Researcher from Lightning Launch may contact you.
By checking this box, I confirm that I understand and accept these terms and conditions.