Have any of you dealt with the Craftsman Edison Idea Program? For those that have not heard of it, its where people who have good ideas on how to make better tools, or invent new tools, go,fill out a form and send it in. Craftsman claims if they like your idea they will help you get a patent and pay you for the idea...up to 5000 bucks.
This sounds cool. I have had an idea for quite awhile now regarding a simple solution to making a fairly common tool a lot better, so this Edison Idea Program sounds like it might work for me.
This all sounds good so I start reading the form and the fine print online. If I am reading this right, it seems like you are kicking your idea entirely over to them, in the hopes that they may find it interesting and maybe pay you for it. The wording is kind of confusing, but after reading it, I did not get that warm fuzzy feeling. You seldom do reading fine print however. I cannot imagine they would go through the trouble to create an entire program, and then just expect people to give up any and all rights to their idea before its even considered as viable.
I am not sure my idea is really worth chasing a patent for, yet I don't really like kicking what I feel is a good idea and tool, over to a corporation and signing away all right to it before its merit is even considered. I don't know,this all sounds fishy to me.
If anyone enjoys reading fine print and legal notices, here are the links. Its number 2 on the list called "terms of agreement". Let me know what you think about this and if you were in the same position I am in.