This Partnership Agreement is between graypes and a graypes Business Partner as described below, for the purpose of funding of innovative ideas and business proposals, uploaded by innovators and researchers and evaluated by graypes service.
graypes Business Partner is considered any financial institution, business entity or investing entity, including but not limited to private or public fund, acting as a potential investor over innovative ideas successfully evaluated by the graypes service and transformed to high quality and high caliber business plans.
graypes Disclosing Party is graypes or innovator or researcher, owner of innovative ideas or business proposals.
1. The graypes Business Partner shall hold in confidence all information and ideas of any kind (hereinafter referred to as "Confidential Information") disclosed to it by the graypes Disclosing Party, which are identified at time of disclosure as being confidential. Confidential Information shall also include information obtained as a result of being allowed access to any premises where the Disclosing Party may carry on business as well as any information, the nature of which makes it clear that the information is confidential. Both parties have to sign mutual NDAs (Confidentiality and Non Disclosure Agreements) before any further act of partnership.
2. Signed NDAs are required, valid and applicable between graypes Business Partner and graypes Disclosing Party in order to guarantee confidentiality for the innovation ideas and Intellectual Property of all the innovative companies registered into graypes service.
3. graypes will provide to the graypes Business Partner unlimited free access for one license on the next graypes services: graypes IRIS, graypes GENE, graypes GIFT and graypes EPIC.
4. graypes will enable the delivery of high quality business plans to the graypes Business Partner through the graypes EPIC funding service.
5. The graypes Business Partner will have the opportunity of investing in any innovative idea and company, successfully evaluated by the graypes service and of which idea and company the business plan will be delivered to graypes Business Partner by the graypes service.
6. The graypes Business Partner should assign and announce in written form a key account manager interfacing with graypes specialized consultants.
7. The data and information extracted from graypes platform and the graypes services should not be used by the graypes Business Partner in commercial activities returning revenue stream to the graypes Business Partner not linked to graypes channel.
8. The graypes Business Partner grants to graypes and graypes service a non-exclusive right and license to use the graypes Business Partner’s trademarks, trade names, service marks, business names, web page titles, slogans, logos, and copyrighted materials for the purposes of promoting, advertising, announcing, or marketing the graypes Business Partner collaboration with graypes.
9. The graypes Business Partner is granted the right to use graypes trademarks, trade names, service marks, business names, web page titles, slogans, logos, and copyrighted materials for the purposes of promoting, advertising, announcing, or marketing the graypes Business Partner collaboration with graypes upon written permission and approval from graypes.
10. The graypes Business Partner should not realize any commercial activities with members of graypes gene bypassing graypes channel without notifying and involving graypes.
11. The duration of this agreement is three (3) years. Three (3) months before the expiration of the Partner Agreement both parties can discuss and agree on the terms and condition of a possible extension.
12. graypes reserves the right to terminate any Partner Agreement in its sole and absolute discretion with one month notice. The graypes Business Partner will have no legal recourse against graypes for the rejection of the Partner Agreement. Without limiting the right to terminate any Partner Agreement for any reason whatsoever in graypes' absolute discretion, the Partner Agreement will be rejected if it is non complete, if the graypes Business Partner’s services, web site, image, contains images or content that is not acceptable to graypes or is inconsistent with the business vision and ethics of graypes, or if the graypes Business Partner is involved in any illegal, immoral, repulsive, defamatory, derogatory, harassing, harmful, threatening, obscene, vulgar, pornographic, racial or ethnic objectionable materials, depicts sexual situations, promotes discrimination on the basis of race, sex, sexual preference, national origin, ethnicity, nationality, disability, religious preference, or if the graypes Business Partner site contains any material that appears to violate any patent, trademark, copyright, trade secret, confidential information, or other property rights of any other party.