free portfolio web templates


© Copyright 1999-2019 MODA Group - All Rights Reserved.

SUBMIT AN IDEA

Between NDAs and patents, a lot goes into creating the next game-changing innovation. That’s what we’re here for. We’ll work with you every step of the way to help your great idea come to life. Already have a patented product or an established business? You get the same amount of support and guidance from our team. 

WHAT IS AN NDA?

Simply put, a Non-Disclosure Agreement (NDA), also known as a confidential disclosure agreement (CDA), is a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, while also restricting third-party access. It is a contract through which the parties agree not to disclose information covered by the agreement. The NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. As such, the NDA protects non-public business information.

NDAs are commonly signed when two companies, individuals, or other entities (such as partnerships, societies, etc.) that are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship. NDAs can be "mutual,” meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party.

OUR PERSPECTIVE ON NDAs

At the beginning of the process, we prefer not to sign NDAs with inventors who are presenting us with their idea. We advise inventors to share with us general concepts that describe the idea or product without sharing anything confidential. Should we want to engage further, an NDA could be the next step.

WHAT IS A PATENT?

In layman’s terms, a patent is confirmation by a government agency that someone’s idea is the first time a product or concept of its kind has been produced, therefore making the person applying for the patent the “inventor.” The invention must be unique, nonobvious, and novel.

A patent gives an inventor the right to prevent others from making or selling their invention without express permission. If someone makes or uses that invention without being allowed to, the inventor can sue that person in court to make them stop. The inventor can sell the patent to another person or company at any time.

A patent lasts for up to 20 years. After that, anyone can copy the invention. Each country has its own patents, with different application processes, rules, and costs. An inventor can seek a patent in any country the inventor chooses. An inventor can also get patents in many different countries for the same invention. The rules for patents are similar for most countries.

GETTING A PATENT

To get a patent, the inventor must describe the invention in writing, and send it to the government. This is known as a patent application. The inventor can write the patent application themselves, but it’s usually written by a person trained to write patent applications, such as a patent agent or patent attorney.

The government doesn’t usually just give the inventor a patent. Instead, the government first attempts to confirm whether the idea is actually new. This is called patent examination. The government will try to find books, stories, or other patents that show that the idea was not new. The inventor, or his or her patent attorney, then tries to show how the inventor's idea is different from anything that the government finds. This patent examination process can take several years.

If the government finds that the inventor's idea is new, it will give the inventor a patent. The government will also send the inventor a copy of his or her patent application with a special seal. This copy is the patent.

OUR PERSPECTIVE ON PATENTS

We’re always interested in new, novel, and unique concepts, even if only some of them can ever be patented. And we’re excited that inventors want to partner with Moda, regardless of their current patent status. We’re excited that inventors think of Under Armour with their concepts, regardless of patent status.

SUBMIT YOUR IDEA

If you're sitting on the next great idea that you're sure will make this world a better place, let's talk. It doesn't matter if it's full prototype or just an idea, when it comes to innovation, we're all ears. Before you submit, please note that we will review each and every submission in the order in which they are received in approximately 4-6 weeks. If our team is interested in learning more information, we will contact you via email.