by Work2XL » Sat Sep 29, 2007 5:49 pm
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Work2XL
- Blue Belt
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- Posts: 478
- Joined: Tue Apr 24, 2007 7:56 pm
- Location: Denver
Can someone smarter than I am translate this for me.
6.7. All Potential Ruckus Nation Category Winner Team Members (and the Team Member’s parent or legal guardian if the Team Member is a minor) will also be required to sign a Ruckus Nation Assignment Agreement that will transfer all intellectual property rights related to the Entry to HopeLab and its assigns.
The Assignment Agreement will include at least the following terms:
6.7.1. All ownership and intellectual property rights (including any patent, trade secret or copyrights) in any ideas, works of authorship or inventions described in the Entry are transferred to HopeLab and its assigns.
6.7.2. An obligation by the Entrant to assist in transferring and perfecting any intellectual property rights to HopeLab and its assigns.
6.7.3. HopeLab and its assigns will have the option but no obligation to further develop or implement any ideas or inventions described in the Entry.
6.7.4. HopeLab and its assigns will have the option but no obligation to involve the Entrant in any further development or implementation of any ideas, works of authorship or inventions described in the Entry.
6.7.5. HopeLab and its assigns will have the option but no obligation to publicly acknowledge the Entrant as the author or inventor of the Entry.
I read it as, if you enter and were eligible to win "All Potential Ruckus Nation Category Winners" this contest OWNS all rights to your idea including patents ect. If I hadn't taken Ethics in college (and it hadn't ruined me) I would start my own contest. For "X" dollars for the grand prise, I would own outright all ideas and patents that were submitted. I'm sure I would get a few that I could license out, or even develop myself. I wouldn't even have to give the inventor any credit or recognition.
I think I'll pass on this contest.
Randy