Submit an Idea with expected compensation

Terms Agreement

To MI:
I want to submit my idea without expectation of compensation
To induce the company to consider certain ideas, which I submit to it, I hereby accept The Terms of Submission set forth below. I agree that those Terms shall apply to all disclosures made or to be made by me which relate to my submitted ideas or which are made incidental to the submission of my ideas. I understand that the words "the company" as used in the Terms, includes MI, its subsidiaries and its affiliated companies.
Since the company does not wish to receive or hold any submitted materials "in confidence," it is agreed that no confidential relationship or obligation of secrecy is to be established between the submitter and the company with respect to the submitted ideas and materials.
The submitter, by this agreement, does not grant any rights to the company under existing or future patents. However, except for claims of patent infringement, the company shall have the unrestricted right to use and disclose any submitted ideas and materials.
An honorarium will be awarded to the submitter if the submitted ideas are original and new to the company and are adopted for use by the company. The amount of the honorarium will be established according to the company's reasonable judgment, but it will not in any event exceed $5,000.
The submitter agrees to accept an honorarium, as awarded by the company at any time, in full settlement of any claims, which the submitter may make against the company, except for claims of patent infringement.
Any prior negotiations or agreements are merged into and superseded by these terms, which may not be modified or waived except in writing signed by a company officer or the company's Chief Patent Counsel.
This Agreement, and the relationship established hereunder, shall be interpreted and construed in accordance with the internal laws of the State of New York, without regard to its principles of conflicts of laws, and with the same force and effect as if fully executed and performed therein.
To continue to the submission form you must first accept the foregoing Terms of Submission by clicking on the I ACCEPT button below.
Title of Idea*
Street Address*
First Name*
Last Name*
Patent Number (if applicable)*
Description of Idea*