BIG IDEA GROUP – STAPLES IDEA HUNT
Big Idea Group, Inc. (“BIG”) is pleased that you (the
“Inventor” or “you”) have chosen to participate in the Staples Idea Hunt:
Filing & Paper Products (the “Hunt”). Before you can participate in the Hunt,
you must agree to the terms and conditions of this Entry Agreement as evidenced
by your signature below.
is evaluating original ideas for new modules for Staples filing systems
and paper products (each a “New Product Idea”).
may submit multiple New Product Ideas and each will be covered by the
terms and conditions of this agreement.
submit an idea to BIG, you must, to the best of your knowledge, have full
ownership of the New Product Idea. If there is more than one inventor of
the New Product Idea, each inventor must read and sign this Agreement and
all references to “Inventor” or “you” in this Agreement will be deemed to
refer to such inventors, collectively.
of New Product Ideas
Product Ideas will be selected for possible development/licensing
contracts on the basis of appeal; uniqueness/originality; market
opportunity; potential brand life; the competitive environment; compliance
with safety standards; the absence of significant marketing, manufacturing,
or intellectual property issues; and fit with the Staples line. Any New
Product Idea deemed to be tasteless, objectionable, or otherwise
unacceptable to BIG may be excluded from the Hunt at the sole discretion
request by BIG, Inventor will enter into an Option Agreement with BIG.
Inventors will receive a $1000 nonrefundable option fee upon entering into
the Option Agreement.
BIG doesn’t license the New Product Idea during the Option Period of the
Option Agreement, the Inventor will retain all rights to the New Product
Entry Agreement must be signed by the Inventor and submitted to BIG prior
to being considered by BIG.
is not responsible for late, lost, stolen, postage due, incorrect,
misplaced, damaged or undelivered mail, notices, Entry Agreements,
correspondence, or Inventor sketches or prototypes.
and fees, if any, and all expenses incurred by Inventor in connection with
submitting an Idea, are the sole responsibility of the Inventor.
Entry Agreement will be governed by and construed in accordance with the
internal laws of the State of Delaware (without reference to the
principles of conflicts or choice of law) and, to the extent applicable,
the laws of the United States. In the event of any conflict between
foreign laws, rules, and regulations and those of the United States, the
laws, rules and regulations of the United States shall govern. Exclusive
jurisdiction and venue for any litigation arising under this Entry
Agreement is in the federal and state courts located in the United States
and both parties hereby irrevocably consent to such jurisdiction and venue
for this purpose.
submitting this Entry Agreement, the Inventor accepts the conditions
stated in this Entry Agreement and agrees to be bound by the decisions of
BIG. All decisions by BIG concerning submissions will be made by BIG, in
its sole discretion, and are binding to the Inventor.
Inventor agrees that he or she will use Confidential Information solely
for the purpose of developing concepts for Staples Idea Hunt and will not
disclose Confidential Information. Confidential Information means all
information in written or other form whatsoever coming from BIG or Staples
relating to present or potential business, operations, know-how,
materials, technology, patents, copyrights, trademarks, materials or other
similar information belonging to such parties which is not at the relevant
time (i) generally known to the public, (ii) legally furnished to the
Inventor from a source other than BIG or Staples, provided that the
Inventor immediately notifies BIG or Staples of any such acquisition.
Inventor understands and agrees that BIG is involved in the business of
researching and evaluating many ideas for new products, that BIG may have
previously received, or may receive third party ideas similar or identical
to the Inventor’s New Product Idea and that BIG’s receipt of the
Inventor’s New Product Idea will not in any way limit BIG’s right to use
any such third party idea as BIG deems appropriate.
Inventor understands and agrees that Staples is involved in the business
of researching and developing many ideas for new products, that Staples
may have previously received, or may receive third party ideas similar or
identical to the Inventor’s New Product Idea and that Inventor’s
participation in this Hunt will not in any way limit Staples’ right to use
any such idea as Staples deems appropriate.
Inventor agrees that BIG may, for purposes of documentation and review, at
its discretion, photograph, photocopy, videotape or otherwise record the
Inventor, the New Product Idea and/or the proceedings of the Submission
Entry Agreement contains the entire agreement of BIG and the Inventor
concerning its subject matter and supercedes all prior oral or written
agreements relating to such subject matter. This Agreement may not be
amended or waived except by a written document signed by BIG and the