- Unsolicited Idea
- A concept, suggestion, invention, or creative work submitted to a company by an outside party without the company having requested or invited the submission.
- Intellectual Property (IP)
- Creations of the mind β inventions, designs, brand names, written works β that can be owned and protected under patent, copyright, trademark, or trade secret law.
- Non-Obligation Clause
- A statement in the acknowledgment letter declaring that the company is under no duty to evaluate, compensate for, or keep confidential the submitted idea.
- Prior Art
- Existing knowledge, products, or disclosures that predate a submission and may independently demonstrate that a company was already working on a similar idea.
- Implied Contract
- An unwritten agreement courts may infer from conduct or communications β such as reviewing an idea without disclaiming obligation β that creates enforceable duties.
- Idea Submission Policy
- A company's documented rules governing how third-party idea submissions are received, evaluated, and handled, often referenced in the acknowledgment letter.
- Disclosure
- The act of revealing information, in this context the submission of an idea or concept to a company by an external party.
- Waiver
- A voluntary relinquishment of a known right β here, the submitter's potential right to compensation or confidentiality by accepting the acknowledgment terms.
- Good Faith
- An honest, fair-dealing intention in conducting a transaction, used in this context to convey that the company's response is genuine and not dismissive.