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Terms of Participation


 

The ROLLS-ROYCE BLOCKCHAIN INNOVATION CHALLENGE (“Challenge”) is organised by Padang & Co Pte Ltd (“Organiser”) on behalf of Rolls-Royce plc. The Challenge is held from 1 August 2019 to 11 November 2019.

 

1. Competition Rules and Judgments

The Organiser will announce the Challenge competition rules, panel of judges and judging criteria at the beginning of the Challenge. The Organiser will announce the Winners of the competition at the conclusion of the Challenge. The Organiser may modify the competition rules, panel of judges and/or judging criteria at any time, at its sole discretion. Decisions of the Organiser are final and binding on all participants.

 

2. Confidentiality

All proprietary business information, identified as such, and any data and work derived from it, is deemed to be Confidential Information. The participant shall not: 1) use any Confidential Information other than for the Challenge nor disclose any Confidential Information to any person who is not a registered participant in the Challenge, or 2) store and/or keep any Confidential Information after the Challenge without given permission from Rolls-Royce plc, or 3) commercialise any Confidential Information, without the express written consent of the owner of the Confidential Information. The participant is to notify the Organiser immediately if he/she is aware of any breach of this clause.

 

3. Intellectual Property and other rights

The participant retains all rights to the participant’s submission(s) (including without limitation any entry, component of an entry, or contents of any posts the participant submits to the Organiser, Rolls-Royce and partners in connection with the Challenge (“Submission(s)”) as well as any materials that are not included as part of the participant’s submission, which materials may be tangible or intangible, that the participant develops in the course of his/her participation in the Challenge or as a result of the Challenge, and any modifications, improvements and derivative works thereto (including any such materials that incorporate any of the participant’s ideas, feedback or suggestions) (“Related Documents”).

 

After receiving shortlisting notice until a period of six months from Pitch Day (1 November 2019), should any shortlisted participant (“Relevant Participant”) wish to enter into any agreement with any party to further develop its submission, it shall first give written notice to Rolls-Royce plc, setting out all material terms and conditions for the proposed development of its entry.  Upon receipt of such notice, Rolls-Royce plc may elect to enter into an agreement with the Relevant Participant to develop its submission on terms to be agreed between Rolls-Royce plc and the Relevant Participant. For the sake of clarity, should agreement not be achieved within six (6) months from the Pitch Day then the Relevant Participant is free to enter into an agreement with other organisations should it so decide.    

 

Subject to the foregoing and Clause 2, all participants may copy, modify, distribute and/or commercialise ideas and work originating, whether they are from the participants, the Organiser, or Rolls-Royce plc at the Challenge as long as they provide proper credit to the originator. 

 

The participant agrees to grant the Organiser, Rolls-Royce plc and partners an irrevocable, perpetual, paid-up, royalty-free, non-exclusive worldwide license to display, broadcast, modify, summarise and communicate their submission to the public and to any entities on any and all media whatsoever, for any purpose whatsoever, including (but not limited to) featuring them in websites or other media for publicity or educational purposes. 

 

4. Use of Name, Image, Audio and Recording

The participant agrees and consents to public disclosure and use of the participant’s name, image, audio and video recording for publicity purposes without payment or compensation. For the avoidance of doubt, the Organiser may provide the participant’s name, image, audio and video recording to Rolls-Royce plc and Enterprise Singapore for publicity purposes. Such name, image, audio and video recording shall be used by the Organiser, Rolls-Royce plc and/or Enterprise Singapore at their discretion.

 

5. Limitation of Liability

The participant will not seek or initiate any claim or cause of action whatsoever, including in contract, tort (including negligence) or equity, against the Organiser, Rolls-Royce plc and/or any of their partners, employees and/or related parties after 15 days from the date the claim or cause of action arose. The total liability of the Organiser, Rolls-Royce plc and/or any of their partners, employees and/or related parties, severally or jointly, will not exceed SGD500 per claim or cause of action. This is fair and reasonable considering the Organiser is hosting the Challenge at a low cost to the participants.

 

6. Indemnity

The participant will defend and indemnify the Organiser, Rolls-Royce plc and each of their partners, employees and/or related parties for and against any and all claims, causes of action, demands, liabilities, losses, damages, penalties, interest, judgments, settlements, costs and expenses (including reasonable lawyers' fees) that directly or indirectly arise out of or are based on: 1) the participant’s conduct, activity, error and/or omission, 2) the participant’s violation of the provisions of this Terms of Participation and/or any law, regulation or rule, and/or 3) the participant’s actual or alleged infringement of any intellectual property rights or other rights of any person or company.


 

By participating, I on behalf of my organisation and/or team members involved in Rolls-Royce Blockchain Innovation Challenge have understood and agree to be bound by these Terms of Participation.