I submitted my idea to an incubator and they agreed to grant me some funds but not as much as I was thinking so I backed away from the deal. Now they are themselves launching the same product.
You can sue anyone for anything- just exactly how much are the purported damages-
What sort of revenues are/were you making with your Idea?DId they make a written offer?
AND if you win the litigation des the Incubator have any assets that you can attach? I presume that would not willingly honor a civil judgment.
And following the anonymous proposal to get back to them…and get involved in development and equity. They could need you if the idea is radical or disruptive. If it is an iteration of previous services/products then it could be more easy for them to move along without you.
If the second is true your chances to succeed were fewer asnd maybe that's the reason they didn't want to invest mora than they offered.
Ideas can't be patented or copyrighted. Ideas aren't really worth anything. Only executing on the idea makes it valuable, and the value is based on your execution, not the idea.
I'm not a lawyer, and I definitely don't play one on TV, but unless you had them sign some kind of strong NDA, ideas are cheap. It's execution that matters. If you had a patent, maybe this is a different story?
This is exactly why VCs et. al. do not sign NDAs, and why you never share IP about your secret sauce without them committing more to the discussion.
If you had a prototype, trademark, copyright or had the idea in practice in some way you might have recourse. I was instructed by an experienced Engineer to share benefits rather than recipes, methods process of your idea.
Maybe you can talk to them again and say you want to reach an agreement. I think, if you have some type of proof, sharing your negative experience would not be good for their brand name (Note: I don't now who they are)
Depends what you have in writing. If you don't think Judge Judy would give you money, I would have to let it go.
Do you have any proof that you submitted them this idea?
hahaha, suing for an idea is very stupid bro. Good idea is everywhere, turn good idea into operating business model thats the hard one. It just an idea also, you can look for another one.