Pre-Listing Review & Acquisition Policy

Introduction. Ideas Trading Center LLC (“ITC”) is a private entity that facilitates the registration, evaluation, and exchange of innovative ideas and filed Provisional Patent Applications (“PPAs”). To maintain confidentiality, ensure fair evaluation, and uphold ITC’s mission of nurturing innovation, all submissions undergo a Pre-Listing Review & Acquisition Process prior to any public listing on the ITC Marketplace (“Big Table”).

This Policy explains how ITC reviews, protects, and may acquire submitted ideas or PPAs before they are displayed to the public. It forms an integral part of the ITC Terms & Conditions and is referenced in the Privacy Policy and submission forms across the ITC platform.

1. Purpose and Scope
   This Policy governs the confidential internal handling of all ideas and filed PPAs submitted to ITC, whether by inventors, representatives, or patent attorneys/agents. It ensures secure internal review before public visibility, protection of intellectual property, and a transparent pathway for ITC to offer early acquisition.
   
   
2. Confidential Internal Review
   Every submission enters a confidential evaluation phase. During this period, submissions remain non-public and accessible only to ITC’s authorized officers and evaluators under NDAs. ITC may request clarifying information from the submitter. The review focuses on novelty, feasibility, IP strength, and commercial readiness. No third party can access the submission until review completion.
   
   
3. Right of First Review and Acquisition
   ITC LLC retains an exclusive right of first review and acquisition for all submissions. ITC may purchase an idea or PPA before its listing on the ITC Marketplace (“Big Table”).
   
   
4. Review Timeline and Outcomes
   The internal review window typically does not exceed ten (10) business days. After review, ITC will categorize submissions as: (1) Selected for ITC Acquisition; (2) Approved for Public Listing; or (3) Deferred or Returned.
   
   
5. Confidentiality and Data Protection
   All reviewers and officers involved are bound by NDAs and confidentiality policies. ITC will not disclose or share submission content externally without consent. For data handling details, see ITC’s Privacy Policy.
   
   
6. Inventor Acknowledgment
   By submitting an idea or filed PPA, the submitter acknowledges that ITC may exercise its right of first review and acquisition before public posting.
   
   
7. Legal Ownership and Consideration
   All acquisitions or assignments will be executed in the name of Ideas Trading Center LLC. Submitters receive their due compensation.
   
   
8. Amendments and Contact
   ITC may revise this Policy at any time. Updated versions will be posted on the ITC website with a new effective date. For questions, contact info@ideastradingcenter.com.