Can you own the idea for a business?
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what prevents banks from stealing your idea when you go in for a loan? A multi-national bank is having a competition in my region for original business ideas, but I feel reuctant to enter my own. I don't want to end up with somev measly prize while the steal the bank, so to speak. I don't want to end up like Philo T Farnsworth
Can you own the idea for a business?Whoever it was at that bank who came up with this idea is a real moron.
They are opening themselves up to any number of lawsuits.
forget the dumb contest...its a complete waste of time.
What you do is, create an actual busines plan and take it through the SAB loan process. The bank will have to sign non-disclosure papers on your material. You get your money and you go turn your idea into a full functioning revenue generating business!
contest.....pfft !
Good luck to you
Can you own the idea for a business?Give them half of your idea or just the title of your idea.
I agree with the other submission. By the bank doing things this way they may be looking at it this way. If you submit an idea to them and they give you any kind of compensation they have brought your idea. You have no rights to any other claims if the idea takes off.
You are better off getting a patent and going to inventor expos and have companies bit for your invention. This way you get to name the invention, set your own price for it and do business with what ever company you like.
Hope this helps.
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