General Terms and Conditions
The participants are required:
- To participate in any other meetings or sessions recommended by K-Electric (or its nominated agent), or mentor address any challenges, technical or business, in the development of the idea.
- To participate in KE activities, meetings, innovation showcases, conferences, or events, etc., where possible and provide necessary information to K-Electric team to fully document team’s progress during and after the Program.
- To set up accounting, administrative, oversight, and audit processes (including necessary registrations, bank accounts, and financial controls etc.) required to take the award money and to provide proper and regular accounting and milestones information required for proper financial disbursements and closing.
- KE reserves the right to accept or reject any or all the nominations/applications for KE 7/11+ Innovation Challenge and/or annul the entire process without assigning any reason whatsoever. KE shall not be liable for any expenses and/or costs incurred by the interested parties/organizations as a result thereof. In no circumstances will KE be liable for any cost, expense, loss, claim or damage arising out or in connection with an applicant/organization’s participation in KE 7/11+ Innovation Challenge, or any subsequent process/documentation in relation thereto. KE shall not be liable for any costs incurred by any applicant/organization in the preparation and submission of the application for KE 7/11+ Innovation Challenge. The submission of an application does not give rise to any commitment or legal relationship between KE and any applicant/organization.
- KE reserves the right to use the photographs of the participants during and/or after the completion of KE 7/11+ Innovation Challenge for the purposes of marketing on traditional and digital media platforms.
- The Participant also hereby grants branding rights to KE. KE shall have explicit rights to use the name and images of the organization in its public relations and advertising campaigns.
- The Participants shall during and/or after the completion of the term of this Contract, if needed by KE, submit evidence including but not limited to photos, videos, and content showing how the award amount has been utilized and its benefits.
- The Participant hereby agrees to be an award ambassador of KE and showcase in its marketing, subject to prior written approval of KE with respect to the marketing content, how the award has facilitated the organization in meeting its vision. Written approval from KE shall be required before any mention of KE in print and/or social media.
- Both Parties shall keep any and all information confidential at all times and will not disclose any information without prior written consent of the other Party.
- The organization shall not use KE’s logos, name and/or any similar material and/or any intellectual property for any purposes including branding or advertising or joint advertising without the specific written consent of the KE. KE shall have the right to use, at its sole discretion, information pertaining to the grant of award to the organization, as and when required at any medium and with any audience. The organization assigned point of contact shall be responsible for facilitating the KE team for the afore-mentioned as and when required.