Connected 4 Life

2:30 PM -- Got a million dollar idea? Give it to Cisco and you just might win $10,000 in cash.

The company's new Connected Life contest asks for "your great ideas for future technology innovations that will help design your Connected Life."

Cool concept. But you should know that if you do give them a truly great idea they're keepin' it and cutting you out of the action. Here's the fine print:

At the time you send any Submission, in whole or in part, to Cisco, and whether or not your Entry is selected as a winner, you irrevocably transfer, convey and assign to Sponsor all right, title and interest in and to your Submission, in whole and in part, and all the intellectual property rights therein, through-out the world in perpetuity, including, without limitation, any and all copyrights and the registration, renewal, and derivative rights and you waive all moral rights and rights of attribution relating thereto and agree to execute all documents and perform all acts deemed necessary by Sponsor to apply for, register, perfect and record such transfer and assignment and/or waivers and protect Sponsor’s right in the intellectual property. You further understand and agree that Sponsor shall have the exclusive right to apply for or register any patents, mask work rights, copyrights and such other proprietary protections with respect thereto. You will not now nor in the future be paid for your Submission or for granting Sponsor any of these rights.

So to all of you great thinkers out there, I'd err on the side of caution and go back to writing things down on cocktail napkins, if I were you.

It should be noted, too, that if your idea has anything to do with the telephone or the Internet, Alcatel-Lucent will sue you anyway.

— Phil Harvey, Barely Managing Editor, Light Reading

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