Product Idea Submission

Össur appreciates interest of outside inventors in approaching the company with their ideas for evaluation. As Össur's goal is to be a source of innovative, high-quality orthopaedic products and services, research and development is essential to the Company’s future development. Company's intellectual property portfolio is generated through in-house innovation, acquisitions and licensing. It should be noted that Össur receives many product suggestions, including some that are very similar to and some that actually overlap in-house developments of the company. To protect the interests of both the company and outside inventors, Össur has developed a policy for idea submissions outlined below.

The following questionnaire should be completed by the submitter and returned to Össur. The questions are intended to elicit basic information about your idea. We ask that only non-confidential information be provided when filling out the questionnaire. Nothing additional should be submitted to us, other than the questionnaire.

Our research and development team will attempt to review the submitted questionnaire within six to eight weeks from receipt. If the questionnaire passes the screening process, we will inform you accordingly and will consider sending you our Confidential Disclosure Agreement with a request for more detailed information.
 
Please note that published patents and patent applications are public domain information. In order to protect the rights of both of you and Össur, you will be allowed to fill out the New Product Idea Questionnaire only if you agree to the terms outlined below.

Agreement Letter

Dear Submitter, This letter outlines Össur’s policy regarding the acceptance of new product ideas submitted from outside sources. The following questionnaire should be completed by the submitter and returned to us. The questions are intended to elicit basic information about the product. Please do not send us any information you consider to be confidential or proprietary at this time. The only legal protection applicable to your non-confidential disclosure is that provided by patent, trademark and/or copyright laws, which you are expected to secure on your own.

In order to protect the rights of both parties, the terms under which we agree to accept the submission are as follows:

• In order to record the date of receipt of an idea and its content, we will accept only written submissions related to the idea.
• We will consider your idea with the understanding that the idea is not submitted to us in confidence. We reserve the right to evaluate the acceptability of the submitted idea without any obligation to you regarding its confidentiality and we will be under no obligation to return your submission to you.
• By prescreening your idea, we can determine whether or not it is likely to be useful to the company and whether or not it is or appears to be similar or identical to ideas and products already known to the company.
• Neither you nor the company assumes any obligation by submitting or considering the idea.
• You will not be granting any rights to the company under any patents, trademarks, copyrights or any other intellectual property rights you now or may later own or control relating to the idea by submitting your idea to us for evaluation.
• If we are interested in your idea, and if we require further information that may be regarded by you to be confidential, we will consider signing a Confidential Disclosure Agreement with you before we proceed with the next stage of evaluation.
• You will remain free to offer the submitted idea to others until we enter into an agreement with you that limits or prohibits such activities.