Acknowledgement Of Unsolicited Ideas

Dear:

 

We appreciate your interest in submitting to us an idea or proposal relating to:

______________________________________________________________

______________________________________________________________

Our firm has received and continues to receive many ideas, suggestions and proposals, and has many of its own projects under development.  Therefore, it is possible the idea or proposal you plan to submit to us has been considered and/or may already be in the planning stages.

Nevertheless, we would be pleased to accept your idea or proposal for review, provided it is accompanied by this acknowledgement letter signed by you.

It is understood and agreed that:

1. Samples or other submissions will be returned to the submittor only if return postage or freight is prepaid.

2. The company accepts no responsibility for casualty or loss to samples in our possession.

3. The company can accept no responsibility for holding any information in confidence.

4. The company shall pay compensation only in the event that it:

a) accepts the idea, b) has received the idea only from the submittor, and
c) reaches a mutually acceptable agreement with the submittor as to terms and conditions.

If these terms are acceptable to you, please sign where indicated below and return together with your idea or proposal.

 

Yours very truly,

________________

Dated this_____ day of_________________, 201(x).

 

The foregoing terms and conditions are understood and acknowledged.

Submittor:

_______________________    __________________________

___________________________________________________

 

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