Terms and Conditions
The Inflation Dashboard Competition
Please read these Official Rules before entering 1729 and Chainlink’s Censorship-Resistant Inflation Dashboard Competition (“Competition”). This is a skill based Competition; chance plays no part in the determination of winners. The goal of the Competition is to encourage startups and founders to present their companies to a team of experts. By posting a submission, you acknowledge that you have read and agree to be bound by these Official Rules and the decisions of OneSeven TwoNine Pte. Ltd. and Chainlink Labs Inc., (collectively “Sponsor”, “we”, “our” or “us”), and that you satisfy all eligibility requirements.
ELIGIBILITY. The Competition is open to those eligible persons (as described below), who may participate in the Competition by themselves (each, a “Participant”) or as part of a Startup (as defined below) consisting of an unlimited number of Participants. A “Startup” is a legal entity which, if in the United States, is a C corporation, LLC, or sole proprietorship and if outside the United States constitutes an equivalent entity in the jurisdiction that the Startup or entrant is formed, subject to the confirmation of Sponsor in its sole discretion, and that the entity (a) is in good standing and in compliance with all applicable laws, regulations, rules, and ordinances (collectively “Laws”) in the jurisdiction in which it was formed and where it operates; and (b) is operating, and is permitted by the Laws of such jurisdiction to enter and compete in the Competition. In addition, to be eligible to enter the Competition, the Startup must, as of the entry date: (i) have raised less than $2 million USD in cash funding; (ii) have not received any valuation as a result of an equity financing; and (iii) has not exited (ceased activity, been acquired or received majority stake outside investment) or IPO’d.
Each Participant is only permitted to be part of one Startup. If a Participant elects to participate on their own as an individual, they cannot also participate with a Startup. Any Participant that is participating in more than one capacity (e.g., as an individual and in a Startup, or part of more than one (1) Startup) may be disqualified and his/her corresponding Startups may be disqualified as well at the sole discretion of Sponsor. Only one (1) member of the Startup may post a submission on behalf of a Startup but all those listed on the application will be deemed Participants. Each Participant must be eligible to participate in this Competition and comply with these Official Rules or the Participant will, and the Startup associated with any Participant in question, may be disqualified. By participating in the Competition, all Participants unconditionally accept and agree to comply with and abide by these Official Rules and the decisions of the Sponsor which will be final and binding including the Sponsor’s right to verify eligibility, to interpret these Official Rules, and to resolve any disputes relating to the Competition at any time. Only Participants or Startup members may work on their submission, without the influence of any other individuals.
By submitting an Entry to the Competition (“Entry”), you represent and warrant that you are the Participant authorized to act on behalf of your Startup and that these rules are binding on you, individually, and/or on your Startup and all members in your Startup. You warrant that your Startup has full knowledge of your actions and has consented thereto, including these Official Rules and the potential receipt of a prize. You further warrant that your actions do not violate your employer’s or any company’s policies and procedures, including but not limited to the policies and procedures of the Startup.
INELIGIBLE PARTICIPANTS. Participants may not be members of any guild, union or other organization that may prohibit them from participating in this Competition and that would restrict, require due payment or otherwise have the right to oppose such participant’s participation in this Competition. Directors, officers, employees, interns, and contractors (“Personnel”) of Sponsor, its parents, subsidiaries, affiliates, and their respective advertising, promotion and public relations agencies, representatives, and agents (collectively, “Competition Entities”), immediate family members of such Personnel (parents, siblings, children, spouses, and life partners of each) and members of the households of such Personnel (whether related or not) are ineligible to participate in the Competition. Startups are not eligible to participate if they are managed or majority owned by individuals who are residents of, or domiciled in, Brazil, Quebec, or any other country, state, province or territory where the laws of the United States or local law prohibits participating in a contest or receiving a prize in the Competition or a country where a prize cannot be awarded; and are not an entity or a person, or officer, director or employee who is identified in the Entry that is on the list of prohibited entities or persons as published by the U.S. Department of Commerce’s Denied Persons or Entity List, the U.S. Department of Treasury’s Specially Designated Nationals or Blocked Persons Lists, the U.S. Department of State’s Debarred Parties List or the sanctions lists adopted by the United Nations and the European Union to such extent such sanctions are extended by the UK Government to its Overseas Territories, as such lists may be amended from time to time.
HOW TO ENTER. NO PURCHASE NECESSARY TO ENTER OR WIN. To enter the Competition, visit 1729.com/inflation (“Contest Site”) between 09:00:00 Greenwich Mean Time (GMT) Zone on August 5, 2021 and 23:59:00 GMT on November 5, 2021 (“Submission Period”) and follow all posted instructions to submit the Entry. This Entry must meet the requirements as described below.
LIMIT ONE (1) ENTRY PER PARTICIPANT AND/OR PER STARTUP. Subsequent entries will be disqualified and will not be considered. All entries must be received by Sponsor by the close of the Submission Period. Entries are void if they are in whole or part illegible, incomplete, damaged, altered, counterfeit, obtained through fraud, or late. All Entries will be deemed made by the authorized account holder of the email address submitted at the time of entry, and the potential winner may be required to show proof of being the authorized account holder for that email address. The “authorized account holder” is the natural person assigned to an email address by an Internet service provider, online service provider, or other organization responsible for assigning email address for the domain and must be the designated Participant of the Startup.
Sponsor’s (or its contractors’) servers and clock shall be deemed the official clock for all phases of the Competition, and participant’s proof of Entry does not constitute proof of receipt by Sponsor. Sponsor is not responsible for (i) lost, misdirected, late, incomplete, or unintelligible Entries or for inaccurate Entry information, whether caused by participant or by any of the equipment or programming associated with or utilized in the Competition, or by any technical or human error that may occur in the processing of Entries; or (ii) any printing, production, human or typographical errors in any materials associated with the Competition. Sponsor reserves the right in its sole and unfettered discretion to disqualify at any time any Entry containing obscene, offensive, or libelous, disparaging, infringing or other inappropriate content or subject matter (as determined by Sponsor in its sole discretion).
REQUIREMENTS. By submitting an Entry, the Participant/Startup represents and warrants that the Entry and submission materials and any presentations (a) are original, not copied, in whole or in part, and are exclusively owned and gratuitously provided without any restriction or limitation on use, (b) do not infringe on any intellectual property rights of any other person or entity, (c) do not contain any confidential or proprietary information of any entity or person, including the Startup, and are not being disclosed in breach of any confidentiality restrictions, (d) do not contain any material that violates any privacy or publicity right of any person and (e) do not reflect any duty of attribution, or any compensation obligation.
Further, each Entry, submission materials and presentations shall not contain any content that would violate any law, statute, ordinance, rule or regulation, or any agreement with another person or entity. No entry or submission materials shall contain software viruses, Trojan horses, worms, time bombs, bots, or any other computer code or files that are designed to disrupt damage, impact, or limit the functioning of any software or hardware in any way. The Participant/Startup agrees to indemnify, defend, and otherwise hold the Sponsor, its affiliates and their respective directors, officer, employees and other representatives harmless, including for attorneys’ fees, if any claims are made or threatened, including any claims of any third party rights in the Entry and submission materials, and presentations, or if the entry, submission materials and presentations violate any law, policy or any other limitation on use as set out above or otherwise.
The Participant/Startup further agrees that the Competition Entities are not responsible for the following: (a) electronic transmissions, Entries or notifications that are lost, late, stolen, incomplete, damaged, garbled, destroyed, misdirected or not received by Sponsor or their agents for any reason; (b) any problems or technical malfunctions, errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communication failures and/or human error that may occur in the transmission, shipping errors or delays, receipt or processing of Entries or related materials, or for destruction of or unauthorized access to, or alteration of, Entries or related material; (c) failed or unavailable hardware, network, software or telephone transmissions, damage to Participants’ or any person’s computer and/or its contents related to or resulting from participation in this Competition; (d) causes that jeopardize the administration, security, fairness, integrity, or proper conduct of this Competition; (e) any Entries posted in a manner that is not expressly allowed under these Official Rules (all such Entries will be disqualified); or (f) any printing errors in these Official Rules or in any advertisements or correspondence in connection with this Competition or decision-making. Sponsor reserves the right, in its sole discretion, to cancel or suspend this Competition should virus, bugs, fraud, hacking, or other causes corrupt the administration, security, or proper play of the Competition. In such cases, notice to this effect will be posted on the Competition Site and prizes to the extent awarded will be awarded as determined by Sponsor prior to cancellation. If, in Sponsor’s opinion, there is any suspected or actual evidence of electronic or non-electronic tampering with any portion of the Competition or if technical difficulties compromise the integrity of the Competition, the Sponsor reserves the right to void suspect Entries and/or terminate the Competition and award prizes in its sole discretion.
VERIFICATION. During the Submission Period, the Sponsor, its agents and/or the Competition Judges will evaluate the Entry and submission materials for the Startup’s compliance with these Official Rules and that the Entry and submission materials meet the Requirements for the Entry and submission materials to be judged in the Competition. Sponsor reserves the right, in its sole discretion, to disqualify any Entry and submission materials that it ascertains at any time do not meet the Requirements and these Official Rules during or after the Submission Period. Sponsor further reserves the right before awarding any prize to have the Startup through its Participant execute a Declaration (or Affidavit) of Compliance and agreement with the Official Rules, compliance with all applicable laws, and/or confirmation of eligibility, the publicity release and the copyright license in connection with any round of the Competition.
INTELLECTUAL PROPERTY OF ENTRIES. Subject to the licenses described below, any applicable intellectual property rights to an Entry, submission materials and presentations will be owned by and remain with the Startup.
SPONSOR RIGHTS. By entering the Competition, Startup grants to the Sponsor and any other third parties acting on the Sponsor’s behalf, a royalty-free, non-exclusive, worldwide license to display publicly and use for promotional and other purposes, the Entry, submission materials and presentations in perpetuity without further consideration or payment of any type. This license includes, but is not limited to, posting or linking to the Entry on Sponsor’s and partners’ websites and applications, including the Contest Site, and displaying and promoting the Entry in any other media, worldwide, including publication of the name, description, images, video URL, website URL, and team members. Each Startup represents and warrants that the Sponsor and its partners are free to use the Entry in the manner described above, as provided or as modified by the Sponsor, without obtaining permission or license from any third party and without any compensation to Startup.
JUDGING. Eligible Entries will be evaluated by a panel of judges selected by the Sponsor for as specified below (the “Judges”). All decisions of the Judges and Sponsor are final, non-appealable, and binding, and in their sole discretion applying the criteria to the Entries. By participating in the Competition, each Participant/Startup agrees it has no right to request, and Sponsor has no obligation to disclose, the score or assessment given to its Entry at any time in any round of the Competition or in the entirety of the Competition.
CRITERIA AND SELECTION. All submitted Entries will be reviewed by the Judges between 9:00:00 Greenwich Mean Time (GMT) Zone on November 6, 2021 and 23:59:00 GMT on December 6, 2021 (the “Judging Period”). All Entries will be rated by the Judges using the following criteria (collectively, the “Judging Criteria”):
- Value proposition
- Originality, innovation, and thoughtfulness
- Impact on solving the problem of calculating inflation
- Use of open-source, censorship-resistant, and decentralized protocols and smart contracts
- Cleanliness of code and user interface, if applicable
- Intelligent handling of possible flaws in underlying price data
- Monetizability if turned into a startup
- Customer identification and segmentation
- Core revenue model (eg ads, subscription, etc)
- Maturity of product
- Traction at time of submission (acquiring price data on chain, smart contract implementation, etc.)
- Achievability of roadmap
- Expertise, commitment, and motivation of founding team
The Entry or Entries with the highest score will be deemed the Winner(s), subject to verification and compliance with these Official Rules. In the event a potential winner’s Entry is disqualified, the Participant/Startup Team who submitted the next highest rated Entry will be selected as the potential winner for the applicable prize, and must comply with the requirements in these Official Rules. All decisions of the Sponsor and the judges are final and binding. The Sponsor reserves the right to not award any winners for the Competition if no submissions of sufficient quality are received.
FINALIST NOTIFICATION. Prior to being confirmed a finalist or being awarded a prize, failure to return any required document by the date requested by Sponsor will deem the potential finalist as ineligible to receive the applicable prize. If any documentation is not returned by the specified dates and times or if a potential finalist is deemed ineligible prior to the prize being awarded, Sponsor may, in its sole discretion, award the prize to the next Participant/Startup Team receiving the next highest score.
CONTEST PRIZE. The winner of the Competition (“Winner”) will have an opportunity for OneSeven TwoNine Pte. Ltd. (or its affiliate) and select investors (“Investors”) to conduct due diligence on the Startup, which will be for the basis of a possible $100,000 investment in the Startup based on due diligence and, subject to the terms of the INVESTMENT OPPORTUNITY section below, a mutually agreeable valid investment agreement. In addition, the Winner will be eligible to receive a $100,000 grant in LINK, subject to the terms of the GRANT section below and the execution of a grant agreement. To avoid any ambiguity, Investor after conducting further due diligence is not obligated by these Official Rules to make an investment in the Winner of any dollar amount. Winner expressly acknowledges and agrees that it understands that no Investor is obligated to make an investment of any amount if an issue arises in due diligence.
NON-TRANSFERABLE. No prize is transferable or assignable to any other person or entity. Prizes cannot be substituted except in the sole discretion of Sponsor.
INVESTMENT OPPORTUNITY. If the Winner elects, after further due diligence in cooperation with the Startup the scope of which will be determined by the Investors in their sole discretion, Investor may choose to offer an investment opportunity to the Winner (“Sponsor Investment Opportunity”). Investors reserve the right, in their sole and absolute discretion, not to invest in the Winner. You acknowledge and agree that any acceptance of an investment may require compliance with various securities laws, rules, and regulations, and you agree to comply with the same. You further acknowledges that: (i) Sponsor will not be providing any legal, tax, or investment advice; (ii) the Investors strongly recommend that you obtain such advice from qualified professionals in connection with any investment; and (iii) it is solely in your decision to participate in any due diligence or to accept an investment, if offered, from the Investors.
INVESTMENT AGREEMENT. The Sponsor Investment Opportunity will be subject to the terms of investment between Investors and the Winner. Such terms of agreement may include, but are not limited to, a confidentiality agreement, a side letter agreement, an investment contract, and other terms and conditions required by Investors such as information rights, pro rata rights, and right of notice. These agreements will be provided after Winner has been awarded an investment opportunity. A fully executed confidentiality agreement from the Winner will be required prior to receiving the terms of the Sponsor Investment Opportunity. If the parties are unable to reach an agreement, the Winner will not be eligible for the investment opportunity from the Investors.
SPONSOR DILIGENCE. At a minimum and as a condition to receiving the Sponsor Investment Opportunity, the Winner must provide to the satisfaction of the Investors, in their sole and absolute discretion: (a) proper incorporation/formation documents; (b) minute books and records documenting corporate actions and equity related matters; (c) documentation of equity issuances and transfers; and (d) assignment of the intellectual property related to the winning Startup from founder(s), service providers, and any other relevant entities to the winning Startup.
To avoid any ambiguity, if anyone other than the Investors (e.g., another entity or person participating as a Contest Judge operating in their own capacities) offers Winner or any other Startup the opportunity to provide any due diligence and/or an investment opportunity, such process is unrelated to the Sponsor Investment Opportunity and the Investors will not be responsible for such due diligence or investment opportunity in any way under any circumstances. Startup agrees and acknowledges that any offers by any person or entity other than from the Investors is not in the Investors’ control and not at Sponsor’s behest, and there are no claims that can be asserted by Startup against the Investors, their affiliates and their respective directors, officer, employees and other representatives for actions of these persons or entities.
GRANT. The Winner will be eligible to receive a Grant under the Chainlink grant program, which awards grants to developers in the Chainlink ecosystem(the “Program”), if it uses Chainlink in its submission. Under the Program, the Winner must commit to use the Grant for the development of a decentralized inflation dashboard using the Chainlink network. Other standard terms and conditions for the Program will also apply in a mutually agreed grant agreement.
PRIVACY. By entering the Competition, Startup acknowledges and agrees that all information provided to Sponsor will be subject to the Privacy Policies available at tos.smartcontract.com and 1729.com/privacy.
GENERAL CONDITIONS. By entering the Competition, Startup agrees that these Official Rules are the controlling rules for the Competition and Startup agrees to be bound exclusively by these Official Rules and the decisions of Sponsor.
Sponsor is not responsible for lost, late, incomplete, or misdirected entries; lost, interrupted or unavailable network, server or other connections; miscommunications, computer or software malfunctions; transmission problems; technical failures; garbled transmissions; damage to user’s software or transmission devices; or other errors or malfunctions of any kind, whether human, mechanical, electronic or otherwise that may occur in connection with the Competition.
If for any reason, the Competition is not capable of proceeding as planned for reasons outside the control of Sponsor, including due to any Coronavirus restrictions or other limitations, which in the sole discretion of Sponsor, may impact the administration, security, fairness, integrity or proper conduct of the Competition (or any portion thereof), Sponsor reserves the right, to cancel, terminate, modify, or suspend the Competition (or a portion thereof) and, in that event, the Sponsor shall have no further obligation to any Startup.
Sponsor also reserves the right in its sole discretion to disqualify any Startup if it or its Representative or other individuals associated with it, are found to be (a) tampering or attempting to tamper with the entry process or the operation of the Competition, or any website maintained or operated by Sponsor; (b) using any robotic, macro, automatic programmed or like type of entry methods; (c) violating these Official Rules; or (d) engaging in unethical, inappropriate or disruptive action or conduct, or taking any action inconsistent with the Official Rules, the fairness of the Competition and the reputation of Sponsor.
Any failure to enforce any terms of these Official Rules will not constitute a waiver of that provision or bar Sponsor from enforcing that term subsequently in connection with the Competition. The headings in these Official Rules are inserted for convenience and identification only, and are not intended to describe, interpret, define or limit the scope or intent of these Official Rules for the Competition. By submitting an Entry, each Startup waives any right it may have to claim ambiguity of these Official Rules or any advantage or any impact on interpretation of these Official Rules that may arise from any such ambiguity claim. These Official Rules shall be construed by Sponsor in its sole discretion, its decisions shall be binding and final.
WARRANTIES. By entering this Competition, each Startup represents and warrants that its participation complies with these Official Rules and that it has sufficient rights to (1) authorize the publication and dissemination of the Entry, submission materials and presentations; (2) allow Sponsor to use and to authorize others to use, publish and disseminate the Entry, submission materials and presentations. Further, each Startup is entirely responsible for its Entry, submission materials and presentations, in whole or in part, if: (a) determined to be defamatory, offensive or otherwise inappropriate; (b) determined to violate any laws, rules or regulations; (c) determined to be infringing, or constitute a misappropriation of any intellectual property rights or confidential or proprietary information of any third party; or (d) determined to violate these Official Rules. Each Entry, and all submission materials and presentations must be true and accurate and in compliance with these Official Rules in all regards. No Startup shall seek the assistance of any officer, director, employee of Sponsor apart from these Official Rules and the Competition to attempt to gain any advantage. At any time, Sponsor at its sole discretion, reserves the right to remove the Entry, submission materials and presentations from the Competition website, in whole or in part, for any violation of these Official Rules.
PUBLICITY AND LICENSE GRANT. Except where prohibited by law, by submitting an Entry, each Startup expressly consents for Sponsor in its sole discretion to use the name and trademark, if any, of the Startup and the name of its Representative and key team members, the country location, photo or likeness, and/or the background of the Startup and that of the Representative and key team members, and the Entry, submission materials and presentations, in whole or in part, in connection with the Competition and the business of Sponsor, in any form of media, now known or hereafter created, worldwide, without further permission, payment, or any other consideration.
INTELLECTUAL PROPERTY OF SPONSOR. You agree that nothing in these Official Rules or in any other statements made in connection with the Competition, grants to any Startup the right to use or license any intellectual property of Sponsor. Startup shall not use the name, trademarks, service marks, logos, any copyrighted material or any other intellectual property of Sponsor without the express written consent of Sponsor, which Sponsor may withhold in its sole discretion. Further, Sponsor retains all rights, including media rights, to promote the Competition and the background and story of the Competition, including any Startup’s participation in the Competition in its sole discretion.
NO OBLIGATION OF PROGRAM ENTITIES FOR SUBMISSION MATERIALS. Each Startup acknowledges that third parties may submit information and Apps to Sponsor separate from the Competition that may contain information, ideas, concepts, and approaches similar to, or the same as, those any Startup submits or submitted to the Competition, and that Sponsor may already be working on information, ideas, concepts, and approaches similar to, or the same as, those the Startup submits or submitted to the Competition. By entering, each Startup acknowledges and agrees that the Sponsor’s actions with respect to another entry or work of its own or of any third party, even if similar to, or the same as, the Startup’s entry, will not create any liability of any kind to Sponsor or others involved in the Competition. Each Startup also acknowledges and agrees that participation in the Competition, receipt of a prize and/or designation as a Winner does not create any obligation on the part of the Sponsor to promote, use in any way, or to take any further action regarding the Entry, submission materials or presentations of the Startup or the Startup’s involvement in the Competition apart from these Official Rules.
GOVERNING LAW/LIMITATION OF LIABILITY. All issues and questions concerning the construction, validity, interpretation, and enforceability of these Official Rules and/or the rights and obligations of each Participant/Startup, and of any related or authorized individual or entity of the Startup, or the rights and obligations of the Sponsor, Competition Judges and anyone involved in administering the Competition will be exclusively governed by and construed in accordance with the internal laws of Singapore without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any other country or jurisdiction.
BY ENTERING THE COMPETITION, YOU AGREE THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL CLAIMS, JUDGMENTS AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED (IF ANY) NOT TO EXCEED TEN DOLLARS ($10.00), BUT IN NO EVENT WILL ATTORNEYS’ FEES BE AWARDED OR RECOVERABLE; (2) UNDER NO CIRCUMSTANCES WILL YOU BE PERMITTED TO OBTAIN ANY AWARD FOR, AND YOU HEREBY KNOWINGLY AND EXPRESSLY WAIVE ALL RIGHTS TO SEEK, PUNITIVE, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, LOST PROFITS AND/OR ANY OTHER DAMAGES, OTHER THAN ACTUAL OUT OF POCKET EXPENSES NOT TO EXCEED TEN DOLLARS ($10.00), AND/OR ANY RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED; AND (3) YOUR REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND YOU IRREVOCABLY WAIVE ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY, SO THE ABOVE MAY NOT APPLY TO YOU.
DISPUTE RESOLUTION AND NO CLASS RELIEF. Except with respect to the protection and enforcement of the intellectual property rights of the Entry and their rights to seek and/or obtain injunctive or equitable relief, any claim, cause of action or proceeding arising out of or relating to the the Official Rules or the Competition shall be resolved by mandatory, binding arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) and not any laws of any other country or jurisdiction concerning arbitration, shall apply. The arbitration award shall be final and exclusive, and the prevailing party in the arbitration may file an action in court to confirm and to enforce the arbitration award. Any such action, or any claim, cause of action or proceeding not subject to arbitration as set forth in this Section, shall be filed and adjudicated in Singapore, and all parties agree to submit to the personal jurisdiction of those courts. You agree to irrevocably waive any rights to seek and/or obtain injunctive or other equitable relief and any defense of forum non conveniens. Should either party pursue any other judicial or administrative action with respect to any matter included within the scope of this binding arbitration provision, the responding party will be entitled to recover its costs, expenses and attorneys’ fees incurred as a result of such action. Further, any and all disputes, claims and causes of action arising out of or connected with the Competition, or any prize awarded, will be resolved individually, without resort to any form of class action.
HOLD HARMLESS. Further, by entering the Competition, each Startup agrees to defend, indemnify, release, and hold the Sponsor and any related entities and persons (including but not limited to Competition Judges, and any person involved in administering the Competition) harmless against any and all claims against the Sponsor (including but not limited to Competition Judges, and any person involved in administering the Competition) resulting from or in connection with your breach of any of the representations, warranties or obligations of the Startup specified in these Official Rules, including claims related to, in connection with, or arising from the Entry, submission materials or presentations, the use and publication of the Entry, submission materials or presentations, the Competition, travel or other activities relating to, or arising from, the Competition, and any prize received.
ASSUMPTION OF RISK. Each Startup assumes any and all risks associated with the posting and use of the Entry, submission materials, and presentations, travel and activities arising from or in connection with the Competition, and expressly waives and releases any and all claims or causes of action against the Sponsor, their officers, employees, representatives, and agents for any and all injury and damage of any nature whatsoever (whether existing or thereafter, whether direct, indirect, or consequential, and whether foreseeable or not), arising from the Entry, submission materials and presentations, including but not limited to the ideas submitted to the Competition, and any travel or other activities arising from or in connection with the Competition.
INDEMNIFICATION. YOU AGREE TO INDEMNIFY AND HOLD THE SPONSOR (AND COMPETITION JUDGES, AND ANY OTHER PERSONS ADMINISTERING THE COMPETITION ) AND EACH OF THEIR EMPLOYEES, REPRESENTATIVES, AGENTS, ATTORNEYS, AFFILIATES, DIRECTORS, EMPLOYEES, OFFICERS, MANAGERS, AND SHAREHOLDERS (THE “INDEMNIFIED PARTIES”) HARMLESS FROM ANY DAMAGE, LOSS, COST, OR EXPENSE (INCLUDING WITHOUT LIMITATION, ATTORNEYS’ FEES AND COSTS) INCURRED IN CONNECTION WITH ANY THIRD-PARTY CLAIM, DEMAND, OR ACTION (“CLAIM”) BROUGHT OR ASSERTED AGAINST ANY OF THE INDEMNIFIED PARTIES, ALLEGING FACTS OR CIRCUMSTANCES THAT WOULD CONSTITUTE A BREACH OF ANY PROVISION OF THE THESE OFFICIAL RULES BY THE STARTUP; ARISING FROM, RELATED TO, OR CONNECTED WITH YOUR ENTRY, SUBMISSION MATERIALS, PRESENTATIONS AND PARTICIPATION IN ANY WAY IN ANY ASPECT OF THE COMPETITION , INCLUDING RECEIPT OF ANY PRIZE. IF YOU ARE OBLIGATED TO PROVIDE INDEMNIFICATION PURSUANT TO THIS PROVISION, SPONSOR MAY, IN THE SPONSOR’S SOLE DISCRETION, CONTROL THE DISPOSITION OF ANY CLAIM AT YOUR SOLE COST AND EXPENSE. WITHOUT LIMITATION OF THE FOREGOING, YOU MAY NOT SETTLE, COMPROMISE, OR IN ANY OTHER MANNER DISPOSE OF ANY CLAIM WITHOUT THE SPONSOR’S EXPRESS WRITTEN CONSENT.