If you are considering submitting any of your invention ideas to a company, it is very important to first determine if the company accepts unsolicited invention submissions. Do not submit anything without first making contact or understanding the company's invention submission guidelines.
If you submit an idea to a company without contacting them or understanding their submission guidelines, you may receive a rejection notice. Without the proper documents or compliance with the submission guidelines, the company that you are submitting to may reject the submission without even a glimpse of your submitted materials.
Corporations want to protect their interests and protect themselves from lawsuits. The sole purpose of an idea submission policy is to avoid potential misunderstandings or disputes, and provide reasonable protection to corporations products released later that may appear similar. For this reason, corporations will not accept submitted ideas unless there is an agreement established and followed.
For example, Sears will not consider any idea submitted to it without it is submitted subject to Sears Terms of Submission Agreement. If you do not follow the guidelines or establish your own with the company that you are submitting to, your idea could be quickly restored, and the opportunity may well be lost.
Almost every major corporation has their own invention idea submission guidelines. You may find the companies submission guidelines posted on their website. If you do not find a submission guideline on the website, be sure to call and ask for one before sending any information to the company.
Before preparing your submission material to any corporation, be sure to understand their submission guidelines. Only submit material or files that they are capable of receiving. Only send electronic files, via e-mail or CD-ROM without the company is capable of reading those electronic files. For example, some companies will only accept paper copies of the material that is filed with signed documents. The company may request original signed copies that are not faxed, scanned or e-mail to prevent fraud.
Some companies may spend up to 60 days reviewing your invention idea submission. After contacting the company and submitting your idea, ask for the typical time to review your idea. Always follow up after an allowed amount of time to review the idea has passed.
Always ask before sending any information and be sure to read and understand the company's submission guidelines before submitting yourvention ideas. Reading the submission guidelines can also give you a clear understanding of what type of product the company is looking for. Be sure to read the guidelines and study the company that you are submitting for an invention idea to. Knowing what the company is looking for can help you tweak your invention idea, and give you the edge to increase your chances of profiting from your idea.