Innovation Sprint Terms and Conditions
These Terms and Conditions (“Terms”) govern your participation in the Innovation Sprint event (referred to as the “Event”) hosted by Launch Factory (“Launch Factory,” “we,” “us,” or “our”). By providing your consent on the application and/or by participating in the Event, you agree to abide by these Terms.
- Eligibility:
1.1. Participation in the Event is subject to our internal criteria, which may or may not be communicated to participants separately.
- Intellectual Property:
2.1. By applying to participate in the Event, you acknowledge and agree that any ideas, inventions, designs, concepts, materials, and intellectual property developed, created, or submitted by you prior to or during the Event (“Innovations”) are the sole and exclusive property of Launch Factory.
2.2. You hereby assign, transfer, and convey to Launch Factory all right, title, and interest in and to the Innovations, including but not limited to all copyright, patent, trademark, trade secret, and other intellectual property rights.
- Confidentiality:
3.1. You agree to keep all information, discussions, and materials related to the Event confidential and shall not disclose any such information to third parties without the express written consent of Launch Factory.
- Compensation:
4.1. You acknowledge and agree that you shall not be entitled to any compensation, royalties, or any other form of remuneration for the Innovations assigned to Launch Factory under these Terms.
- Release and Waiver:
5.1. You waive any and all claims, demands, actions, causes of action, and rights of action, whether at law or in equity, whether known or unknown, arising out of or in connection with your application or participation in the Event and the assignment of Innovations to Launch Factory.
- Modification or Cancellation:
6.1. Launch Factory reserves the right to modify, cancel, or reschedule the Event at its discretion. In the event of a cancellation, Launch Factory is not responsible for any costs or damages incurred by participants.
- Governing Law:
7.1. These Terms shall be governed by and construed in accordance with the laws of California.
- Entire Agreement:
8.1. These Terms constitute the entire agreement between you and Launch Factory and supersede all prior and contemporaneous agreements, understandings, and representations, whether oral or written.
- Severability:
9.1. If any provision of these Terms is held to be invalid, illegal, or unenforceable, the validity, legality, or enforceability of the remaining provisions shall not in any way be affected or impaired.
By providing your consent on the application and/or by participating in the Innovation Sprint event, you acknowledge that you have read and understood these Terms and agree to be bound by them.
- Modification of Terms:
10.1. Launch Factory reserves the right to modify or amend these Terms and Conditions at any time, at our sole discretion. Any modifications or amendments will become effective immediately upon posting on our website or other means of communication to participants.
10.2. It is your responsibility to review these Terms periodically for changes. By continuing to participate in the Innovation Sprint after any modifications or amendments are posted, you acknowledge and agree to be bound by the updated Terms and Conditions.
10.3. Launch Factory will make reasonable efforts to notify participants of any significant changes to these Terms. However, we encourage you to review the Terms regularly to stay informed about any updates.
By providing your consent on the application and/or by participating in the Innovation Sprint event, you acknowledge that you have read and understood these Terms and agree to be bound by them.