We respect ownership of intellectual property rights (IP): your IP remains yours; ours remains ours. What we create together during the event will be our joint IP (yours and ours). In such case we commit together to a 3 months exclusivity period to negotiate a potential agreement, such as a JDA. This period can be extended if partners enter into a JDA development trajectory. If one of the partners indicates within the 3 months period that it has no interest to negotiate further, the shared IP will be allocated to the other party. If neither party indicates that it has an interest to negotiate further, the shared IP will become available for both parties to use freely.
Full terms and conditions for registration and submission in Imagine Chemistry
To protect our mutual interests, the terms and conditions below apply to your submission through Imagine Chemistry (the “Challenge”).
During different stages of this Challenge different terms & conditions may apply and the present terms and conditions only apply during the online phase of this Challenge (step 1 and 2 in the visual ‘How will the challenge work”).
The information from participants on the Imagine Chemistry Platform will be visible for all registered participants, users and/or partners of the Imagine Chemistry Platform. The key principle of the platform is to facilitate and promote open innovation and collaboration between Nouryon and external partners, as well as to stimulate and facilitate the collaboration among partners.
We recognize that you may have concerns about protecting your intellectual property during the online phase. That is why you should not submit, to us or other users, any confidential information. If you cannot submit your idea without disclosing confidential information, you cannot participate in the Challenge and you may contact us separately. If you have any doubt you could consider consulting a lawyer and/or filing a patent application before submitting your idea to us. There is also a possibility to contact us and discuss your possibilities before submitting any information. Please note that the open sharing of non-confidential information, and building on contributor’s ideas, is what makes the Imagine Chemistry challenge useful for all participants, and contributes to identifying successful innovations.
Your submission, and the information you share with us, will be received by us only on a non-confidential basis. We will use this information for the purpose of the Challenge and disclose it to any Nouryon employee or our Imagine Chemistry partners with a need-to-know in relation to the Challenge.
As is customary, you should ensure that the information you share with us does not breach any contract or obligation between you and a third party and that, to the best of your information, possession or use of the information by us or any of our affiliates does not misappropriate or infringe any intellectual property rights of others.
You need to be aware that in case you do share information you were not allowed to share, we cannot be held responsible for damages resulting from a claim for misappropriation or infringement of third party rights based on our possession or use of the information submitted by you or the possession or use thereof by any of our affiliates.
When you have submitted your ideas or innovation, we will start the online interaction with you, evaluate your idea and ask questions. Also other participants may contribute or ask questions. If, at some point, you feel you are asked to disclose confidential information, then raise this with us, prior to disclosing this information. If you do not raise this with us prior to disclosure, the information will be considered non-confidential and we may treat it as such. If it is jointly deemed a necessity, to properly evaluate your idea or innovation, that confidential information is disclosed to protect our mutual interests we can together decide to enter into a confidentiality agreement and/or conduct (part of) the evaluation in a closed environment.
Following your submission, we may invite you to further participate in the three day event. At that stage we will communicate clearly what terms and conditions will apply.
Participation - New IP
If any new IP is developed by the participants of the Challenge and Nouryon during the offline stages of the Challenge, this new IP will in principle be jointly owned by the contributing parties.
In such case parties commit to a 3 months exclusivity period to choose to negotiate a subsequent agreement, such as a JDA, which term can be extended if partners enter into a JDA development trajectory. In such agreement, parties will agree on the next steps of allocating, further developing, exploiting or commercializing the shared IP.
In case a party indicates within the 3 months exclusivity period that it has no interest to negotiate a subsequent agreement, the shared IP will, after 3 months, be allocated to the other party.
If neither party indicates that it has an interest to negotiate a subsequent agreement, the shared IP will become available for both parties to use freely, without accounting to the other party.