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Idea
Consideration Process |
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CONDITIONS
& PROCEDURES REGARDING THE SUBMISSION OF
IDEAS TO SPECIALTY
AUTO PARTS U.S.A., INC.
STATEMENT
OF POLICY & AGREEMENT
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Stage
1 - IDEA ASSESSMENT |
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Does
your idea fit within the Company's strategic focus? We
consider those ideas that fall within our core business, such as;
- Aftermarket performance (racing) parts.
- Aftermarket dress-up parts.
- General auto parts.
- Engine builders' tools.
- OEM automotive parts.
- Other products sold in aftermarket parts sales channels.
- Other products manufactured by us as a subcontractor to you, for
you to market as you see fit.
In
reviewing submissions, the Company frequently finds that it has
previously used or considered some of the ideas, either from
previous submissions by others or as a result of its own research activities.
For
the following list of activities, the Company relies on its own
scientists, marketing personnel, engineers, and analysts.
Therefore, this "submission of idea" process is not
appropriate for ideas that involve:
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Sales promotions or marketing approaches.
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New uses for current commercialized Specialty Auto Parts products.
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New names for current commercialized Specialty Auto Parts
products.
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Quality issues.
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Stage
2 - INTELLECTUAL PROPERTY PROTECTION |
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Does
your idea have an issued or pending patent?
IF
YES:
The
Company prefers to consider those ideas or inventions that are
protected by an issued/pending patent or copyright. If your
idea is protected, you are required only to complete the
Non-Confidential Idea Submission Agreement portion of the
Submission of Ideas form.
IF
NO:
If
you wish to submit an idea that does not have an issued or pending
patent, you must complete the entire Non-Confidential Idea
Submission Agreement form, as well as the Supplemental Idea
Information form. All disclosures must be in writing and
signed, and the forms should be accompanied by drawings, sketches,
photographs or the like, which will make the idea submitted
clearly understandable.
This
Agreement is non-confidential; therefore do not include any
information that you deem proprietary or confidential.
However, there must be enough information about the idea to
proceed with an initial evaluation and consideration. The
Company will give each disclosure such consideration, as it, in
its own judgment, deems appropriate.
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Stage
3 - PROCESS TO REVIEW AND RESPOND |
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What
timing constraints and internal logistics are applied to the
Company's review of idea submissions - and how do we advise you of
our interest? The Company will not conduct any evaluations
or negotiations prior to receiving a signed Non-Confidential Idea
Submission Agreement and Supplemental Idea Information form, if
applicable. In general, we do not accept or create
individualized secrecy or confidential agreements for the
submission of ideas.
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From the date received into the Company, the standard time frame
to evaluate ideas is approximately 4 weeks. If additional
research is required, the evaluation period may be longer.
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During the evaluation period, you may submit your idea to other
companies without informing us.
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If the Company is interested in your idea, we may choose to enter
into a formal written agreement with you.
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Continue
with Submission of Ideas  |
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