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| IDEATE |
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| The following terms and conditions (“Terms”) shall apply to and govern ICICI Bank’s Trinity Program and more specifically the idea /concept note submission/ first stage of the Trinity Program. |
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| ICICI Bank may specify additional terms and conditions governing the Program from
time to time and/or revise or amend the existing Terms. Such terms shall be in
addition to and not in derogation of these Terms. Such amended/revised Terms/additional terms and conditions shall be communicated by ICICI Bank by hosting the
same on ICICITrinity ("Website") or in any other manner as decided by ICICI Bank.
The Participants/Teams shall be responsible for regularly reviewing these Terms
including any amendments thereto as may be posted on Website. All Participants
undertake to have read and understood these Terms and agree to abide by them at
all times. The entire Program shall be divided into various stages and such stages
shall have additional terms and conditions governing them. |
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| 1. |
DEFINITIONS |
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| 1.1 |
"Program" means the ICICITrinity program initiated by ICICI Bank which it
intends to be a platform to encourage and promote talent in premier educational
institutions with a view to bring forth new ideas and innovations which can be
applied in the banking/finance industry and to help in their commercialisation. |
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| 1.2 |
"Institute" means an educational institution/college/university which has
entered into a Memorandum of Understanding with respect to this Program with
ICICI Bank. |
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| 1.3 |
"Team/s"for the purpose of this Program shall mean a group of not more than 5 students who intend to participate or are participating in the Program and are pursuing a full time course offered by the Institute excluding any students pursuing such course through distance learning. One student may also constitute a Team. The participating students should be bonafide students of the Institute from any courses such as Under Graduation, Post Graduation, PhD, etc. A company, partnership, limited liability partnership or sole proprietorship availing the facilities of incubation cell or similar facilities of an Institute may also form a Team provided that in case of a partnership or limited liability partnership all the partners should individually register for the Program. ICICI Bank, may in its sole discretion, also allow an individual or group of individuals who are not associated with any Institute, to constitute a team and participate in the Program. |
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| 1.4 |
"Participant/s" shall mean a member/s of the Team. |
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| 1.5 |
"Team Coordinator" shall mean such member of the Team with whom any communication, with respect to this Program, shall be exchanged by ICICI Bank and
vice versa. |
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| 1.6 |
"Mentor/s" shall mean such member of the faculty who the Team may, in
consultation with the respective Institute, designate/select to guide the Team with
respect to the Program or any part thereof. |
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| 1.7 |
"Entry/Entries" shall mean such idea/concept notes/prototypes generated/submitted by the Team with respect to this Program. |
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| 1.8 |
"Applicable Laws" means the laws of India and all the statutes, rules,
regulations, ordinances, notifications, orders, guidelines and policies notified or
promulgated pursuant thereto and modifications thereof in force from time to time. |
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| 1.9 |
"Intellectual Property" shall mean and include any right, title or interest
whatsoever in, to or over any of the trademarks, patents, service marks, designs,
logos, copyrights, (whether registered or unregistered), including the right to file for
registration. |
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| 1.10 |
"Intellectual Property Rights" means all the rights over Intellectual Property. |
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| 1.11 |
"Assets" means any computers, mobile phones or such other devices / instruments / apparatus as may be provided by ICICI Bank to the Qualified Team/s for the purpose of development of the prototype. |
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| 2. |
REGISTRATION PROCESS |
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| 2.1 |
The Team/s and/or Participant/s shall be required to register for the Program
in such manner and by submitting such details and documents that ICICI Bank
may specify in this regard. |
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| 3. |
TERMS OF THE PROGRAM |
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| 3.1 |
ICICI Bank shall have the sole discretion to determine eligibility criteria for participating in the Program as well as to select the participating Teams and Participant/s for the Program. The participating students should be bonafide students of the Institute from any courses such as Under Graduation, Post Graduation, PhD, etc. A company, partnership, limited liability partnership or sole proprietorship availing the facilities of incubation cell or similar facilities of an Institute may also form a Team provided that in case of a partnership or limited liability partnership all the partners should individually register for the Program. |
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| 3.2 |
ICICI Bank shall have the sole discretion to determine the areas of invention/innovation which it intends to cover under the Program basis which the
participating Teams shall be submitting their ideas/concept notes/prototypes. |
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| 3.3 |
The Program shall consist of various stages, and at all such stages, ICICI Bank
shall have the sole discretion to determine the timelines within which the
ideas/concept notes/ prototypes etc shall be required to be submitted by the
participating Teams including but not limited to specifying the manner, mode,
format, requisite details etc. The decision of ICICI Bank in this regard shall be
final and binding. |
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| 3.4 |
ICICI Bank shall have the sole discretion to select and determine the jury for
each stage of the Program and the decision of ICICI Bank in this regard shall
be final and binding. |
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| 3.5 |
The Qualified Teams shall be required to provide a project plan and cost estimation sheet which will be evaluated by ICICI Bank for financial support during prototype development stage. ICICI Bank shall continue to be the owner of any Assets. The Qualified Team/s shall be responsible for keeping the Assets safe and in good condition. The Participant/s shall be jointly and severably liable for any loss/damage caused to the Assets and any expenses arising as a result thereof shall be borne by the Participant/s. The Qualified Team/s shall not acquire any right, title or interest in such Assets and shall forthwith return the same to ICICI Bank upon completion of the prototype or at any time when asked by ICICI Bank. Any data that will be saved on these Assets shall also be subject to the Terms. |
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| 3.6 |
One Team cannot submit more than two (2) concept notes . |
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| 3.7 |
Any team member cannot be a part of more than 2 participating Team. |
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| 3.8 |
Mentor/s for the participating Team should be faculty of the same Institute. |
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| 3.9 |
The concept notes submitted by the participating Teams shall be judged by
the pre-selected jury and their decision at all stages of the Program shall be
final and binding. The jury appointed by ICICI Bank shall make
recommendations to ICICI Bank, as regards concept notes/ideas, submitted
under this Program, for which they would like the respective Team/s
submitting such ideas/concept notes to develop prototypes, as may be
applicable in each case. ICICI Bank/the jury reserves the right to ask for a
detailed report, presentations to be made and conduct discussions and
interviews with the Team for this purpose. |
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| 3.10 |
ICICI Bank shall communicate the results and the qualifying Teams thereof for
them to proceed with the next stage. ICICI Bank shall decide the time period
within which the Team/s selected by it shall be required to develop
the prototype. |
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| 3.11 |
While participating Teams may have Mentors to guide them through the
various stages of Program, however ICICI Bank shall have no separate
arrangement with such Mentor/s and it shall be the sole responsibility of the
Institute to manage affairs between participating Teams and Mentors as
regards the Program. |
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| 3.12 |
The Team represents and warrants that the submitted Entry does not infringe
any copyright, trademark, proprietary rights, rights of privacy or publicity ,
Intellectual Property Rights of any person, or any other right including but not
limited to Intellectual Property Right of any third party whether in law or in
equity and that the Team has full and unrestricted right to transfer the Entry to
ICICI Bank free and clear of any claims or encumbrances. |
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| 3.13 |
Any Entry found to be copied, adapted, or otherwise not novel will be
disqualified from the Program. |
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| 3.14 |
In case of Intellectual Property violation or any damage arising out of Entry
submitted under this Program, the onus, responsibility and consequences
thereof shall be taken on/borne by the Team solely and completely without
any responsibility of ICICI Bank. |
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| 3.15 |
Unless otherwise agreed in writing, ICICI Bank shall have sole and exclusive
ownership rights over all the submitted Entries from the stage of
registration/enrollment itself. The Team grants all rights over the Entry,
present and future, irrevocably to ICICI Bank. The Team understands and
agrees that the Entry could be used in future by the Bank for commercial/non-commercial or any other purposes as permissible. |
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| 3.16 |
Unless otherwise agreed in writing, all Intellectual Property involved in the Program will remain vested with ICICI Bank and to the extent that any rights in such materials vest in the Team by operation of Applicable Laws, the Participant/s hereby assigns such rights to the Bank. In the event a Team does not qualify for further stages of the Program then such Team can, within 60 days of being informed of the same, apply to ICICI Bank for issuing a no objection certificate which, when granted by ICICI Bank and subject to the terms stated therein, shall enable the Team to commercially or otherwise use the ideas / concept notes / prototypes generated by the Team.
ICICI Bank shall within 90 days of receiving such application, issue such a no objection certificate to the Team or induct the team back into the Program at the relevant stage. Issue of such a certificate by ICICI Bank shall in no way restrict or otherwise affect ICICI Bank’s ownership with respect to the ideas /concept notes / prototypes generated. |
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| 3.17 |
The Qualified Team / Participant: |
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- acknowledges and agrees that it shall not acquire or claim any title on any of the Bank’s/ its affiliates Intellectual Property by virtue of the rights granted to it under these Terms or through its use of such Intellectual Property;
- agrees that it will not, at any time, do, or omit to do, anything which is likely to prejudice the Bank’s/ its affiliates ownership of such Intellectual Property Rights;
- acknowledges and agrees that it does not and shall not, nor shall it be deemed to, acquire at any time hereafter nor shall it claim or assert any right, title or interest whatsoever in, to or over any of Intellectual Property belonging to the Bank/ its affiliates.
- agrees that as long as it continues to participate in this Program it shall not enrol for or participate in another similar program.
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| 3.18 |
The Bank retains ownership in any software, materials, know-how and/or
methodologies developed by the Bank, provided to the Team or otherwise
independently developed/generated in course of carrying out the Program. To
the extent that the Bank utilises any of its property (whether tangible or
intangible) in connection with the Program, such property shall remain the
property of the Bank, and the Team shall not acquire any right, title or interest
in such property. |
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| 3.19 |
The Team shall not disclose/share details of the Entries submitted by the
Team with any third party, or with the Institute/Mentor/other participating
teams at any point of time without prior written consent of ICICI Bank. The
Team shall not disclose Intellectual Property belonging to the Bank/its
affiliates to any third party in any manner at any point of time without the prior
written permission of ICICI Bank/its affiliates. |
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| 3.20 |
The Team(s)/Participant(s) shall, at its own expense, indemnify, defend and
hold harmless the Bank/its affiliates from and against any and all liabilities
suffered or incurred (including but not limited to liabilities, judgments,
damages, losses, claims, costs and expenses, including attorneys fees and
expenses) or any other loss that may occur to the Bank/its affiliates , due to
breach of any of the covenants of these Terms by the Team(s)/Participant(s) . |
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| 3.21 |
Unless otherwise agreed in writing, all details, documents, data, applications,
software, systems, papers, statements and business information which is
communicated/submitted by ICICI Bank or any of its representatives to the
Team/Participant/s and any Entries submitted under this Program by the
Team/s/Participant/s to ICICI Bank shall be regarded as confidential
information ("Confidential Information"). All Confidential Information shall be
treated as absolutely confidential and the Team/Participant/s irrevocably
agrees and undertakes to ensure that the Team/Participant/s shall keep the
same secret and confidential and that they shall not disclose the same, in
whole or in part to any person without the prior written permission of ICICI
Bank nor shall use or allow to be used any Confidential Information, otherthan as may be necessary for the due performance of the Team's/Participant/s
obligation/s under these Terms/Program. |
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| 3.22 |
The Team/Participant/s agrees: |
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| 3.22.1 |
To take all necessary action to protect the Confidential Information against
misuse, loss, destruction, deletion and/or alteration. |
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| 3.22.2 |
Not to misuse or permit misuse directly or indirectly, commercially exploit the
Confidential Information for economic or other benefit. |
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| 3.22.3 |
Not to make or retain any copies or record of any Confidential Information
other than as may be required for the performance of the Team/Participant/s
obligations under these Terms/Program. |
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| 3.22.4 |
To notify ICICI Bank promptly of any unauthorised or improper use or
disclosure of the Confidential Information. |
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| 3.22.5 |
To return all the Confidential Information that is in the custody of the
Team/Participant/s upon conclusion/termination of the Program. |
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| 3.22.6 |
The Team/Participant/s shall ensure that it has appropriate mechanisms and
means to ensure adequate precautions to protect the privacy and
confidentiality of all Confidential Information. |
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| 3.22.7 |
The Team/Participant/s shall not disclose the contents of these
Terms/Program to any third party without the prior written permission of ICICI
Bank. |
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| 3.22.8 |
Nothing contained herein shall be applicable to any information required to be
provided to any statutory/regulatory/government authority under
Applicable Laws. |
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| 3.22.9 |
The provisions of this clause shall survive the termination of the Program for a
period of 10 years. |
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| 3.23 |
ICICI Bank shall provide/make available such awards/benefits to the Team/s
and their respective Institutes that are declared winners of the Program, as it
may deem fit in its sole and absolute discretion. The Team/Institute shall be
solely responsible for any taxes, duties, charges or levies to be paid to any
person in connection with any money (including any prizes) they pay or
receive in connection with the Program. |
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| 3.24 |
ICICI Bank reserves the sole and absolute right to invite registrations for the
Program from interested participants other than students of the Institute. Such
interested participants can be students of other participating institutes as well
as third parties. |
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| 3.25 |
ICICI Bank reserves the right to disqualify the Team without assigning any
reasons thereof, if it has reasonable grounds to believe that the Team has
breached any of these terms and conditions and/or do not fulfil any of the
eligibility criteria's as may be specified by ICICI Bank from time to time. The
decisions of ICICI Bank shall be final and binding in this regard. |
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| 3.26 |
ICICI Bank shall retain all the data/details/documents etc submitted by the
participating Teams at any stage of the Program and shall not be liable to
return the same to such participating Teams /Institutes irrespective of the fact
as to whether the participating Team qualifies for the next stage/round. |
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| 3.27 |
ICICI Bank and Institute shall jointly develop a dispute redressal mechanism to
handle any issues as may emerge from the Program. A dispute resolution committee shall be formed, which would have one representative each from
ICICI Bank and the Institute, who then shall jointly nominate an independent
party to be the third member of this committee. Such committee's decision
shall be final and binding and in the event such decision is disputed, ICICI
Bank's decision shall be final and binding and shall not be open for dispute by
the Institute/Team. All disputes shall be governed by laws of India and subject
to jurisdiction of courts of Mumbai. |
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| 3.28 |
ICICI Bank, may, in its sole discretion and at any point of time, suspend/cancel
the Program without giving any reason thereof and/or without giving any prior
notice of the same. |
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| 3.29 |
ICICI Bank, jury members shall not be liable for: |
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(a) any costs incurred or loss or liability suffered by the Teams
/Participants in relation to Program ; |
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(b) any lost expectation of profits by the Teams/Participant/s; |
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(c) any failure by Teams/Participant/s to understand their rights in
relation to Intellectual Property, or the rights of ICICI Bank or any third party in
relation to Intellectual Property; or |
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(d) any other benefit the Teams/Participants may expect to gain by
participating in the Program. |
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| 3.30 |
Under no circumstances shall ICICI Bank/its affiliates be liable to the
Teams/Participants for any direct, indirect, incidental, consequential, special
or exemplary damages arising with respect to the Program or the suspension/cancellation/termination of the Program, even if ICICI Bank/its affiliates have
been advised of the possibility of such damages, such as, but not limited to,
loss of revenue or anticipated profits or lost business. ICICI Bank/its affiliates
shall not have any liability whatsoever in case of any third party claims,
demands, suit, actions, or other proceedings against the Teams/Participant/s/Institute/Mentor in relation to the Program and/or arrangement/obligations
contemplated under these Terms. |
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| 3.31 |
Teams qualifying the concept note stage and the presentation round thereof,
shall be notified by ICICI Bank to be eligible for participating in the next stage
which shall be the prototype development stage. It may be noted that any
participation of the Teams in the Prototype stage shall be at the sole
discretion of ICICI Bank and subject to such eligibility criteria's as may be
determined by ICICI Bank and shall not be open to dispute by any
Teams/Participant/s. It may please also be noted that the prototype
development stage and/or subsequent development stages shall have
additional terms and conditions. The Team undertakes to agree and abide by
such additional terms and conditions and provide all requisite
details/documents/data etc as also execute such relevant documents as
may be specified by ICICI Bank from time to time. |
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| 3.32 |
ICICI Bank reserves the right to select which prototypes it may want to
commercialise and shall notify the same to the qualified Team/s.
Decision of ICICI Bank in this regard shall be final and binding. In such
case ICICI Bank shall grant the right of first refusal to the Team that has
developed the prototype so that they may decide whether or not they would like to commercialise the prototype developed by them. ICICI Bank
shall not be charging any royalty from the Team which commercialises its
own concept notes and generates the prototype thereof. |
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| PROTOTYPE |
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| The following terms and conditions ("Terms") shall apply to and govern ICICI Bank's
Trinity Program and more specifically prototype development/submission stage.
ICICI Bank may specify additional terms and condition governing the Program from
time to time and/or revise or amend the existing Terms. Such terms shall be in
addition to and not in derogation of these Terms. Such amended/revised Terms/additional terms and conditions shall be communicated by ICICI Bank by hosting the
same on ICICITrinity ("Website") or in any other manner as decided by ICICI Bank .
The Participants/Teams shall be responsible for regularly reviewing these Terms
including any amendments thereto as may be posted on Website . All Participants
undertake to have read and understood these Terms and agree to abide by them at
all times. The entire Program may have further stages and such subsequent stages
shall have additional terms and conditions governing them. |
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| 1. |
DEFINITIONS |
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| 1.1 |
"Program" means the ICICITrinity program initiated by ICICI Bank which it
intends to be a platform to encourage and promote talent in premier educational
institutions with a view to bring forth new ideas and innovations which can be
applied in the banking/finance industry and to help in their commercialisation. |
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| 1.2 |
"Institute" means an educational institution/college/university which has
entered into a Memorandum of Understanding with respect to this Program with
ICICI Bank. |
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| 1.3 |
"Team/s/Qualified Team/s" for the purpose of this Program and more
specifically for the purposes of the prototype development/submission stage shall
mean such qualified teams who have been notified by ICICI Bank to be eligible to
participate in the prototype development stage of the Program. Such qualified teams
may either be teams who have qualified the earlier stages of the Program and/or new
teams who have been selected by ICICI Bank and/or jury , in their sole discretion, to
be eligible to participate in the Program from prototype development/submission
stage onwards. Such participating teams shall consist of not more than 5
students/participants. One student/person may also constitute a Team . A company,
partnership, limited liability partnership or sole proprietorship availing the
facilities of incubation cell or similar facilities of an Institute may also form a
Team provided that in case of a partnership or limited liability partnership all
the partners should individually register for the Program. |
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| 1.4 |
"Participant/s" shall mean a member/s of such team. |
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| 1.5 |
"Team Coordinator" shall mean such member of the Team with whom any
communication, with respect to this Program, shall be exchanged by ICICI Bank and
vice versa. |
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| 1.6 |
"Mentor" shall mean such member of the faculty who the Team may, in
consultation with the respective Institute, designate/select to guide the Team with
respect to the Program or any part thereof . |
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| 1.7 |
"Entry/Entries" shall mean such idea/concept notes/prototypes generated/submitted by the Team with respect to this Program. |
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| 1.8 |
"Applicable Laws" means the laws of India and all the statutes, rules,
regulations, ordinances, notifications, orders, guidelines and policies notified or
promulgated pursuant thereto and modifications thereof in force from time to time. |
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| 1.9 |
"Intellectual Property" shall mean and include any right, title or interest
whatsoever in, to or over any of the trademarks, patents, service marks, designs,
logos, copyrights, (whether registered or unregistered), including the right to file for
registration. |
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| 1.10 |
"Intellectual Property Rights" means all the rights over Intellectual Property. |
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| 2. |
TERMS OF THE PROGRAM |
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| 2.1 |
ICICI Bank shall have the sole discretion to determine eligibility criterias for
participating in the Program and more specifically to determine eligibility
criterias to participate in this stage of the Program. |
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| 2.2 |
ICICI Bank shall have the sole discretion to select and determine the jury for
each stage of the Program and the decision of ICICI Bank in this regard shall
be final and binding. The jury shall make recommendations to ICICI Bank as
regards the Qualified Teams who shall proceed with prototype
development/generation stage. ICICI Bank shall decide the time period
within which the Qualified Team/s selected by it shall be required to
develop the prototype. |
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| 2.3 |
ICICI Bank shall have the sole discretion to determine the areas of invention/innovation which it intends to cover under the Program basis which the
Qualified Teams shall be submitting/developing their prototypes. |
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| 2.4 |
The Program shall consist of further subsequent stages, and at all such
stages, ICICI Bank shall have the sole discretion to determine the timelines
within which the requisite details/documents/developed prototypes etc shall
be required to be submitted by the Qualified Teams including but not limited
to specifying the manner, mode, format, requisite details etc. ICICI Bank may
do a mutual discussion with the Qualified Teams prior to deciding the same.
However the decision of ICICI Bank in this regard shall be final and binding.
The Qualified Teams shall be required, at the time of prototype submission, to
submit detailed reports as required by ICICI Bank and more specifically
covering data on commercialisation and make presentations to the Bank/jury. |
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| 2.5 |
The Qualified Teams shall be required to provide a project plan and cost
estimation sheet which will be evaluated by ICICI Bank for financial support
during prototype development stage. |
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| 2.6 |
If the Qualified Team withdraws from the Program during the prototype
development stage, ICICI Bank shall have sole discretion to assign
development of the prototype to another Team/s /Participant/s from the same
Institute in place of the withdrawing Team. In the event there are no willing
and interested Teams/participant/s from the same Institute, ICICI Bank shall
have the sole discretion to award the prototype development to Teams of other participating Institutes/or assign to any third party on such additional
terms and conditions as may be specified by ICICI Bank from time to time . |
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| 2.7 |
The Qualified Team/s shall be required to develop the prototype as per the
timelines specified by ICICI Bank. ICICI Bank shall periodically review the
progress of the prototype development. |
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| 2.8 |
The Qualified Team/s shall be required to submit a detailed prototype
development report and presentation to ICICI Bank in the manner and within
the timelines as specified by ICICI Bank. |
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| 2.9 |
At the stage of prototype submission or thereafter, as may be specified and
required by ICICI Bank, the Qualified Team/s shall be required to provide all
required details/documents/drawings/data/working models etc as may be
specified by ICICI Bank in order to enable ICICI Bank to file for appropriate
protection of Intellectual Property with respect to the prototype
generated/submitted. ICICI Bank shall reserve the right to seek for additional
information as and when deemed fit by the ICICI Bank and the Qualified Team/s undertake to provide the same in prompt manner. |
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| 2.10 |
The prototypes so submitted by the Qualified Teams shall be evaluated by the
jury who shall then recommend the teams who have qualified for the next
stage of the Program. |
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| 2.11 |
While Qualified Teams may have Mentors to guide them through the various
stages of Program, however ICICI Bank shall have no separate arrangement
with such Mentor/s and it shall be the sole responsibility of the Institute to
manage affairs between Qualified Teams and Mentors as regards the
Program. |
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| 2.12 |
The Qualified Team acknowledges and declares that the Entry is a novel and
original work of the Qualified Team which is neither a copy nor has been
previously used in any manner. The Qualified Team, further, represents and
warrants that the submitted Entry does not infringe any copyright, trademark,
proprietary rights, rights of privacy or publicity of any person, or any other
right of any third party whether in law or in equity and that the Qualified Team
has full and unrestricted right to transfer the Entry to ICICI Bank free and clear
of any claims or encumbrances. |
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| 2.13 |
Any Entry found to be copied, adapted, or otherwise not novel will be
disqualified from the Program without future reference. |
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| 2.14 |
In case of Intellectual Property violation or any damage arising out of Entry
submitted under this Program, the onus, responsibility and consequences
thereof shall be taken on/borne by the Qualified Team solely and completely
without any responsibility of ICICI Bank . |
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| 2.15 |
Unless otherwise agreed to in writing, ICICI Bank shall have sole and exclusive
ownership rights over all the submitted Entries. The Qualified Team grants all
rights over the Entry, present and future, irrevocably to ICICI Bank. The
Qualified Team understands and agrees that the Entry could be used in future
by the Bank for commercial/non-commercial or any other purposes as
permissible. |
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| 2.16 |
Unless otherwise agreed to in writing, all Intellectual Property involved in the
Program will remain vested with ICICI Bank and to the extent that any rights in
such materials vest in the Qualified Team by operation of Applicable Laws,
the Participant/s hereby assigns such rights to the Bank. In the event a Team does not qualify for further stages of the Program then such Team can, within
60 days of being informed of the same, apply to ICICI Bank for issuing a no
objection certificate which, when granted by ICICI Bank and subject to the
terms stated therein, shall enable the Team to commercially or otherwise use
the ideas/concept notes/prototypes generated by the Team.
ICICI Bank shall within 90 days of receiving such application, issue such a no
objection certificate to the Team or induct the team back into the Program at
the relevant stage. Issue of such a certificate by ICICI Bank shall in no way
restrict or otherwise affect ICICI Bank’s ownership with respect to the ideas/concept notes/prototypes generated. |
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| 2.17 |
The Qualified Team / Participant: |
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- acknowledges and agrees that it shall not acquire or claim any title on any of the Bank’s/ its affiliates Intellectual Property by virtue of the rights granted to it under these Terms or through its use of such Intellectual Property;
- agrees that it will not, at any time, do, or omit to do, anything which is likely to prejudice the Bank’s/ its affiliates ownership of such Intellectual Property Rights;
- acknowledges and agrees that it does not and shall not, nor shall it be deemed to, acquire at any time hereafter nor shall it claim or assert any right, title or interest whatsoever in, to or over any of Intellectual Property belonging to the Bank/ its affiliates.
- agrees that as long as it continues to participate in this Program it shall not enrol for or participate in another similar program.
|
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|
| 2.18 |
ICICI Bank retains ownership in any software, materials, know-how and/or
methodologies developed by the Bank, provided to the Qualified Team or
otherwise independently developed/generated in course of carrying out the
Program. To the extent that the Bank utilises any of its property (whether
tangible or intangible) in connection with the Program, such property shall
remain the property of the Bank, and the Qualified Team shall not acquire any
right, title or interest in such property. |
| |
|
| 2.19 |
The Qualified Team shall not disclose/share details of the Entries submitted
by the Qualified Team with any third party, or with the Institute/Mentor/other
participating teams at any point of time without prior written consent of ICICI
Bank. The Qualified Team shall not disclose Intellectual Property belonging to
the Bank/its affiliates to any third party in any manner at any point of time
without the prior written permission of ICICI Bank/its affiliates. |
| |
|
| 2.20 |
The Qualified Team(s)/Participant(s) shall, at its own expense, indemnify,
defend and hold harmless the Bank/its affiliates from and against any and all
liabilities suffered or incurred (including but not limited to liabilities,
judgments, damages, losses, claims, costs and expenses, including attorneys
fees and expenses) or any other loss that may occur to the Bank/its affiliates,
due to breach of any of the covenants of these Terms by the Qualified Team. |
| |
|
| 2.21 |
Unless otherwise agreed in writing, all details, documents, data, applications,
software, systems, papers, statements and business information which is
communicated/submitted by ICICI Bank or any of its representatives to the
Qualified Teams/Participant/s and any Entries submitted under this Program
by the Qualified Team/s/Participant/s to ICICI Bank shall be regarded as
confidential information ("Confidential Information"). All Confidential
Information shall be treated as absolutely confidential and the Qualified Team/Participant/s irrevocably agrees and undertakes to ensure that the Qualified
Team/Participant/s shall keep the same secret and confidential and that they
shall not disclose the same, in whole or in part to any person without the prior
written permission of ICICI Bank nor shall use or allow to be used any Confidential Information, other than as may be necessary for the due
performance of the Qualified Team's/Participant/s obligation/s under these
Terms/Program. |
| |
|
| 2.22 |
The Qualified Team/Participant/s agrees: |
| |
|
| 2.22.1 |
To take all necessary action to protect the Confidential Information against
misuse, loss, destruction, deletion and/or alteration. |
| |
|
| 2.22.2 |
Not to misuse or permit misuse directly or indirectly, commercially exploit the
Confidential Information for economic or other benefit. |
| |
|
| 2.22.3 |
Not to make or retain any copies or record of any Confidential Information
other than as may be required for the performance of the Qualified
Team/Participant/s obligations under these Terms/Program. |
| |
|
| 2.22.4 |
To notify ICICI Bank promptly of any unauthorised or improper use or
disclosure of the Confidential Information. |
| |
|
| 2.22.5 |
To return all the Confidential Information that is in the custody of the Qualified
Team/Participant/s upon conclusion/termination of the Program. |
| |
|
| 2.22.6 |
The Qualified Team/Participant/s shall ensure that it has appropriate
mechanisms and means to ensure adequate precautions to protect the
privacy and confidentiality of all Confidential Information. |
| |
|
| 2.22.7 |
The Qualified Team/Participant/s shall not disclose the contents of these
Terms/Program to any third party without the prior written permission of ICICI
Bank. |
| |
|
| 2.22.8 |
Nothing contained herein shall be applicable to any information required to be
provided to any statutory/regulatory/government authority under
Applicable Laws. |
| |
|
| 2.22.9 |
The provisions of this clause shall survive the termination of the Program for a
period of 10 years. |
| |
|
| 2.23 |
ICICI Bank shall provide/make available such awards/benefits to the
Qualified Team/s and their respective Institutes that are declared winners of
the Program and more specifically of the instant stage, as it may deem fit in its
sole and absolute discretion. The Qualified Teams/Institute shall be solely
responsible for any taxes, duties, charges or levies to be paid to any person in
connection with any money (including any prizes) they pay or receive in
connection with the Program. |
| |
|
| 2.24 |
ICICI Bank reserves the sole and absolute right to invite registrations for the
Program from interested participants other than students of the Institute. Such
interested participants can be students of other participating institutes as well
as third parties. |
| |
|
| 2.25 |
ICICI Bank reserves the right to disqualify the Qualified Team without
assigning any reasons thereof, if it has reasonable grounds to believe that the
Qualified Team has breached any of these terms and conditions and/or do not
fulfil any of the eligibility criteria's as may be specified by ICICI Bank from time
to time. The decisions of ICICI Bank shall be final and binding in this regard. |
| |
|
| 2.26 |
ICICI Bank shall retain all the data/details/documents etc submitted by the
Qualified Teams at any stage of the Program and shall not be liable to return
the same to such Qualified Teams /Institutes irrespective of the fact as to
whether the Qualified Team qualifies for the next stage/round. |
| |
|
| 2.27 |
ICICI Bank and Institute shall jointly develop a dispute redressal mechanism to
handle any issues as may emerge from the Program. A dispute resolution
committee shall be formed, which would have one representative each from
ICICI Bank and the Institute, who then shall jointly nominate an independent
party to be the third member of this committee. Such committee's decision
shall be final and binding and in the event such decision is disputed, ICICI
Bank's decision shall be final and binding and shall not be open for dispute by
the Institute/Team. All disputes shall be governed by laws of India and subject
to jurisdiction of courts of Mumbai . In the event, the Team is not associated
with any participating Institute, any dispute relating to the Program shall not
be resolved basis dispute redressal mechanism as stated above and shall be
resolved in accordance with laws of India and subject to jurisdiction of courts
of Mumbai. |
| |
|
| 2.28 |
ICICI Bank, may, in its sole discretion and at any point of time, suspend/cancel/terminate the Program without giving any reason thereof and/or
without giving any prior notice of the same. |
| |
|
| 2.29 |
ICICI Bank, jury members shall not be liable for: |
| |
(a) any costs incurred or loss or liability suffered by the Qualified Teams
/Participants in relation to Program ; |
| |
(b) any lost expectation of profits by the Qualified Teams/Participant/s; |
| |
(c) any failure by Qualified Teams/Participant/s to understand their rights
in relation to Intellectual Property, or the rights of ICICI Bank or any third party
in relation to Intellectual Property; or |
| |
(d) any other benefit the Qualified Teams/Participants may expect to gain
by participating in the Program. |
| |
|
| 2.30 |
Under no circumstances shall ICICI Bank/its affiliates be liable to the Qualified
Teams/Participants for any direct, indirect, incidental, consequential, special
or exemplary damages arising with respect to the Program or the
suspension/cancellation/termination of the Program, even if ICICI Bank/its
affiliates have been advised of the possibility of such damages, such as, but
not limited to, loss of revenue or anticipated profits or lost business. ICICI
Bank/its affiliates shall not have any liability whatsoever in case of any third
party claims, demands, suit, actions, or other proceedings against the
Qualified Teams/Participant/s /Institute/Mentor in relation to the Program and/or arrangement/obligations contemplated under these Terms. |
| |
|
| 2.31 |
Teams qualifying the prototype development/submission stage, shall be
notified by ICICI Bank to be eligible for the next stage of the Program which
shall be commercialisation of the prototype generated. It may be noted that
any participation of the Teams in the subsequent stage shall be at the sole
discretion of ICICI Bank and shall not be open to dispute by any
Teams/Participant/s. It may please also be noted that the subsequent stages
of the Program shall have additional terms and conditions. The Team
undertakes to agree and abide by such additional terms and conditions and
provide all requisite details/documents/data etc as also execute such relevant
documents as may be specified by ICICI Bank from time to time. |
| |
|
| 2.32 |
ICICI Bank shall reserve the right to select which prototypes it may want to
commercialise in the next stage of the Program and shall notify the same. Decision of ICICI Bank in this regard shall be final and binding. In such case
ICICI Bank shall grant the right of first refusal to the Team that has
developed the prototype so that they may decide whether or not they
would like to commercialise the prototype developed by them and shall
also offer certain benefits to such above referred Team and as may be
more specifically communicated by ICICI Bank from time to time. ICICI
Bank shall not be charging any royalty from the Team which
commercialises its own concept notes and generates the prototype
thereof. |
| |
|
| 2.33 |
ICICI Bank may also support the funding/arranging of funds for
commercialisation of the prototype, in its sole discretion and as permissible
under Applicable Laws. |
|
| |
| BE AN ENTREPRENEUR |
| |
| The following terms and conditions ("Terms") shall apply to and govern ICICI Bank's
Trinity Program and more specifically the commercialisation stage of the Program.
ICICI Bank may specify additional terms and condition governing the Program from
time to time and/or revise or amend the existing Terms. Such terms shall be in
addition to and not in derogation of these Terms. Such amended/revised Terms/additional terms and conditions shall be communicated by ICICI Bank by hosting the
same on ICICITrinity ("Website") or in any other manner as decided by ICICI. The Participants/Teams shall be responsible for regularly reviewing these Terms
including any amendments thereto as may be posted on Website. All participants
undertake to have read and understood these Terms and agree to abide by them at
all times. All participants also understand and agree that they may be required to
enter into such further agreements/execute such other documents as may be
specified by ICICI Bank and/or as may be required under applicable laws. |
| |
| 1. |
DEFINITIONS |
| |
|
| 1.1 |
"Program" means the ICICITrinity program initiated by ICICI Bank which it
intends to be a platform to encourage and promote talent in premier
educational institutions with a view to bring forth new ideas and innovations
which can be applied in the banking/finance industry and to help in their
commercialisation. |
| |
|
| 1.2 |
"Institute" means an educational institution/college/university which has
entered into a Memorandum of Understanding with respect to this Program. |
| |
|
| 1.3 |
"Team/s/Qualified Team/s" for the purpose of this Program and more
specifically for the purposes of the commercialisation and manufacturing of
the Qualified Prototypes/s shall mean such qualified teams who have been
notified by ICICI Bank in this regard to undertake such commercialisation/manufacturing of the Qualified Prototype. Such qualified teams may either be
teams who have qualified the earlier stages of the Program and/or new teams
who have been selected by ICICI Bank and/or jury, in their sole discretion, to
be eligible to participate in the Program from commercialisation and
manufacturing stage onwards. Such participating teams shall consist of not
more than 5 students/participants. One student/person may also constitute a
Team. A company, partnership, limited liability partnership or sole
proprietorship availing the facilities of incubation cell or similar facilities
of an Institute may also form a Team provided that in case of a
partnership or limited liability partnership all the partners should
individually register for the Program. |
| |
|
| 1.4 |
"Participant" means a member of such Team/s/Qualified Team/s. |
| |
|
| 1.5 |
"Team Coordinator" means such member of the Team with whom any
communication, with respect to this Program, shall be exchanged by ICICI
Bank and vice versa. |
| |
|
| 1.6 |
"Mentor" means such member of the faculty who the Team may, in
consultation with the respective Institute, designate/select to guide a Team
with respect to the program or any part thereof. |
| |
|
| 1.7 |
"Entry" shall mean such idea/concept note/prototype generated/submitted and commercialised by the Team with respect to this Program. |
| |
|
| 1.8 |
"Qualified Prototype" means such prototype which shall be selected by ICICI
Bank, in its sole and absolute discretion, for commercialisation. |
| |
|
| 1.9 |
"Applicable Laws" means the laws of India and all the statutes, rules,
regulations, ordinances, notifications, orders, guidelines and policies notified
or promulgated pursuant thereto and modifications thereof in force from time
to time. |
| |
|
| 1.10 |
"Intellectual Property" shall mean and include any right, title or interest
whatsoever in, to or over any of the trademarks, patents, service marks,
designs, logos, copyrights, (whether registered or unregistered), including the
right to file for registration and as more specifically defined under clause. |
| |
|
| 1.11 |
"Intellectual Property Rights" means all the rights over Intellectual Property. |
| |
|
2. |
TERMS OF PROGRAM |
| |
|
| 2.1 |
ICICI Bank shall have the sole right and discretion to decide which of the
prototypes generated and submitted shall be eligible to participate in this
stage of the Program. ICICI Bank shall have the sole discretion to decide and
specify the eligibility criterias for participation in this stage. All Qualified
Teams shall be required to submit detailed reports as required by ICICI Bank
for commercialisation and also, if need be shall be required to make
presentations to the Bank. ICICI Bank reserves the sole discretion to
commercialise and develop the Qualified Prototypes and /or to fund
development of such Qualified Prototypes as may be permissible under
Applicable Laws. In the event ICICI Bank does not intend to proceed with
commercialisation for certain prototypes submitted under the Program, the
concerned teams generating such prototypes may proceed with independent
commercialisation without having any association with ICICI Bank and/or
Program post obtaining prior written consent of ICICI Bank. Should ICICI Bank
decide to proceed with commercialisation of the Qualified Prototype/s, it shall
provide right of first refusal to commercialise, to the concerned Team who
has generated the Qualified Prototype in the previous stage of the Program.
Unless otherwise agreed to in writing by ICICI Bank, the above referred
concerned team shall be undertaking commercialisation of the Qualified
Prototype exclusively for ICICI Bank. However, ICICI Bank shall reserve
complete rights to decide whether such above referred concerned Team shall
be given exclusive rights to commercialise or not. |
| |
|
| 2.2 |
In the event the license/permission for commercialisation is provided to the
Qualified Team who has generated the concept note and the Qualified
Prototype thereof and has been part of previous stages of the Program, ICICI
Bank shall not be charging any royalty from such Qualified Team. However, such Qualified Team shall ensure that they commercialise the Qualified
Prototype exclusively for ICICI Bank and on the terms and for such period as
specified by ICICI Bank from time to time. Such Qualifying Team shall ensure
that they undertake all suitable actions including appropriate legal
proceedings should any third party infringe on the Qualified Prototype. In the
event such Qualified Team who has developed the Qualified Prototype is
unwilling to commercialise and/or is not able to fulfill terms of
commercialisation as specified by ICICI Bank, ICICI Bank shall have sole
discretion to assign the commercialisation to some other participating team in
the Program and/or third party. In the aforesaid situation, and at the sole
discretion of ICICI Bank, it may also provide the concerned Institute, whose
Qualified Team has either refused to proceed with commercialisation or doing
a part thereof only, to put together a team of people who may commercialise
the Qualified Prototype. |
| |
|
| 2.3 |
In the event ICICI Bank intends to provide license for commercialisation of
the Qualified Prototype to some other participating team in the Program
and/or third party due to exercise of right of refusal by Qualified Team who
generated the Qualified Prototype , it shall do so at its sole discretion,
however on terms which are not better than those offered to the Qualified
Team who generated the Qualified Prototype. In such situation ICICI Bank may
charge royalty from such third party/other participating team at its sole
discretion. The quantum of royalty shall be decided by ICICI Bank in its sole
and absolute discretion. |
| |
|
| 2.4 |
In all the above referred events, unless otherwise agree to by ICICI Bank in
writing, the Intellectual Property Rights in the concept notes, prototypes
generated, Qualified Prototypes etc shall continue to vest with ICICI Bank at
all times. While ICICI Bank may, in its sole discretion, decide to fund the
commercialisation of the Qualified Prototype/s, however it shall not at any
time be responsible or liable for any loss/damage caused during such
commercialisation. |
| |
|
| 2.5 |
Upon commercialisation, the Qualified Team shall be required to manufacture
the Qualified Prototype solely and exclusively for ICICI Bank for a period of 2
years. |
| |
|
| 2.6 |
ICICI Bank shall in all circumstances give due acknowledgement to the
Qualified Team and the Mentor for having come up with the idea/concept
note which formed basis of the Qualified Prototype. |
| |
|
| 2.7 |
While Qualified Teams may have Mentors to guide them through the various
stages of Program, however, ICICI Bank shall have no separate arrangement
with such Mentor/s and it shall be the sole responsibility of the Institute to
manage affairs between Qualified Teams and Mentors as regards the
Program. |
| |
|
| 2.8 |
The Qualified Team acknowledges and declares that the Qualified Prototype
and Entry is a novel and original work of the Qualified Team which is neither a
copy nor has been previously used in any manner. The Qualified Team,
further, represents and warrants that the submitted Qualified Prototype and Entry does not infringe any copyright, trademark, proprietary rights, rights of
privacy or publicity of any person, or any other right of any third party
whether in law or in equity and that the Qualified Team has full and
unrestricted right to transfer the Qualified Prototype and Entry to ICICI Bank
free and clear of any claims or encumbrances. |
| |
|
| 2.9 |
Any Qualified Prototype and Entry found to be copied, adapted, or otherwise
not novel will be disqualified from the Program without future reference. |
| |
|
| 2.10 |
In case of Intellectual Property violation or any damage arising out of Qualified
Prototype and Entry submitted under this Program, the onus, responsibility
and consequences thereof shall be taken on/borne by the Qualified Team
solely and completely without any responsibility of ICICI Bank . |
| |
|
| 2.11 |
Unless otherwise agreed to in writing, ICICI Bank shall have sole and exclusive
ownership rights over all the submitted Qualified Prototype/s and Entries. The
Qualified Team grants all rights over the Qualified Prototype and Entry,
present and future, irrevocably to ICICI Bank. The Qualified Team understands
and agrees that the Qualified Prototype and Entry could be used in future by
the Bank for commercial/non-commercial or any other purposes as
permissible. |
| |
|
| 2.12 |
Unless otherwise agreed to in writing, all Intellectual Property involved in
the Program will remain vested with ICICI Bank and to the extent that any
rights in such materials vest in the Qualified Team by operation of Applicable
Laws, the Participant/s hereby assigns such rights to the Bank. |
| |
|
| 2.13 |
The Qualified Team/Participant: |
| |
- acknowledges and agrees that it shall not acquire or claim any title on
any of the Bank's/its affiliates Intellectual Property by virtue of the
rights granted to it under these Terms or through its use of such
Intellectual Property;
- agrees that it will not, at any time, do, or omit to do, anything which is
likely to prejudice the Bank's/its affiliates ownership of such
Intellectual Property Rights;
- acknowledges and agrees that it does not and shall not, nor shall it be
deemed to, acquire at any time hereafter nor shall it claim or assert
any right, title or interest whatsoever in, to or over any of Intellectual
Property belonging to the Bank / its affiliates.
- agrees that as long as it continues to participate in this Program it shall
not enrol for or participate in another similar program.
|
| |
|
| 2.14 |
ICICI Bank retains ownership in any software, materials, know-how and/or
methodologies developed by the Bank, provided to the Qualified Team or
otherwise independently developed/generated in course of carrying out the
Program. To the extent that the Bank utilises any of its property (whether
tangible or intangible) in connection with the Program, such property shall
remain the property of the Bank, and the Qualified Team shall not acquire any
right, title or interest in such property. |
| |
|
| 2.15 |
The Qualified Team shall not disclose/share details of the Qualified
Prototype/s and Entries submitted by the Qualified Team with any third party,
or with the Institute/Mentor/other participating teams at any point of time
without prior written consent of ICICI Bank. The Qualified Team shall not
disclose the Intellectual Property belonging to the Bank/its affiliates to any
third party in any manner at any point of time without the prior written
permission of ICICI Bank/its affiliates. |
| |
|
| 2.16 |
The Qualified Team/Participant(s) shall, at its own expense,
indemnify, defend and hold harmless the Bank/its affiliates from and against
any and all liabilities suffered or incurred (including but not limited to
liabilities, judgments, damages, losses, claims, costs and expenses, including
attorneys fees and expenses) or any other loss that may occur to the Bank,
due to breach of any of the covenants of these Terms by the Qualified Team/Participant(s) . |
| |
|
| 2.17 |
Unless otherwise agreed in writing, all details, documents, data, applications,
software, systems, papers, statements and business information which is
communicated/submitted by ICICI Bank or any of its representatives to the
Qualified Teams/Participant/s and any Qualified Prototype/s and Entries
submitted under this Program by the Qualified Team/s/Participant/s to ICICI
Bank shall be regarded as confidential information ("Confidential
Information"). All Confidential Information shall be treated as absolutely
confidential and the Qualified Team/Participant/s irrevocably agrees and
undertakes to ensure that the Qualified Team/Participant/s shall keep the
same secret and confidential and that they shall not disclose the same, in
whole or in part to any person without the prior written permission of ICICI
Bank nor shall use or allow to be used any Confidential Information, other
than as may be necessary for the due performance of the Qualified
Team's/Participant/s obligation/s under these Terms/Program. |
| |
|
| 2.18 |
The Qualified Team/Participant/s agrees: |
| |
|
| 2.18.1 |
To take all necessary action to protect the Confidential Information against
misuse, loss, destruction, deletion and/or alteration. |
| |
|
| 2.18.2 |
Not to misuse or permit misuse directly or indirectly, commercially exploit the
Confidential Information for economic or other benefit. |
| |
|
| 2.18.3 |
Not to make or retain any copies or record of any Confidential Information
other than as may be required for the performance of the Qualified
Team/Participant/s obligations under these Terms/Program. |
| |
|
| 2.18.4 |
To notify ICICI Bank promptly of any unauthorised or improper use or
disclosure of the Confidential Information. |
| |
|
| 2.18.5 |
To return all the Confidential Information that is in the custody of the Qualified
Team/Participant/s upon conclusion/termination of the Program. |
| |
|
| 2.18.6 |
The Qualified Team/Participant/s shall ensure that it has appropriate
mechanisms and means to ensure adequate precautions to protect the
privacy and confidentiality of all Confidential Information. |
| |
|
| 2.18.7 |
The Qualified Team/Participant/s shall not disclose the contents of these
Terms/Program to any third party without the prior written permission of ICICI
Bank. |
| |
|
| 2.18.8 |
Nothing contained herein shall be applicable to any information required to be
provided to any statutory/regulatory/government authority under
Applicable Laws. |
| |
|
| 2.18.9 |
The provisions of this clause shall survive the termination of the Program for a
period of 10 years. |
| |
|
| 2.19 |
The Qualified Teams/Institute shall be solely responsible for any taxes, duties,
charges or levies to be paid to any person in connection with any money
(including any prizes) they pay or receive in connection with the Program. |
| |
|
| 2.20 |
ICICI Bank reserves the right to disqualify the Qualified Team without
assigning any reasons thereof, if it has reasonable grounds to believe that the
Qualified Team has breached any of these terms and conditions and/or do not
fulfil any of the eligibility criteria's as may be specified by ICICI Bank from time
to time. The decisions of ICICI Bank shall be final and binding in this regard. |
| |
|
| 2.21 |
ICICI Bank shall retain all the data/details/documents etc submitted by the
Qualified Teams at any stage of the commercialisation and manufacturing of
the Qualified Prototype and shall not be liable to return the same to such
Qualified Teams /Institutes under any circumstances whatsoever. |
| |
|
| 2.22 |
ICICI Bank and Institute shall jointly develop a dispute redressal mechanisms
to handle any issues as may emerge from the Program. A dispute resolution
committee shall be formed, which would have one representative each from
ICICI Bank and the Institute, who then shall jointly nominate an independent
party to be the third member of this committee. Such committee's decision
shall be final and binding and in the event such decision is disputed, ICICI
Bank's decision shall be final and binding and shall not be open for dispute by
the Institute/Team. All disputes shall be governed by laws of India and subject
to jurisdiction of courts of Mumbai . In the event, the Team is not associated
with any participating Institute, any dispute relating to the Program shall not
be resolved basis dispute redressal mechanism as stated above and shall be
resolved in accordance with laws of India and subject to jurisdiction of courts
of Mumbai. |
| |
|
| 2.23 |
ICICI Bank, may, in its sole discretion and at any point of time, suspend/cancel/terminate the Program without giving any reason thereof and/or
without giving any prior notice of the same. |
| |
|
| 2.24 |
ICICI Bank, jury members shall not be liable for: |
| |
(a) any costs incurred or loss or liability suffered by the Qualified Teams
/Participants in relation to Program ; |
| |
(b) any lost expectation of profits by the Qualified Teams/Participant/s; |
| |
(c) any failure by Qualified Teams/Participant/s to understand their rights
in relation to Intellectual Property, or the rights of ICICI Bank or any third party
in relation to Intellectual Property; or |
| |
(d) any other benefit the Qualified Teams/Participants may expect to gain
by participating in the Program. |
| |
|
| 2.25 |
Under no circumstances shall ICICI Bank/its affiliates be liable to the Qualified
Teams/Participants for any direct, indirect, incidental, consequential, special
or exemplary damages arising with respect to the Program or the termination
of the Program, even if ICICI Bank/its affiliates have been advised of the
possibility of such damages, such as, but not limited to, loss of revenue or
anticipated profits or lost business. ICICI Bank/its affiliates shall not have any
liability whatsoever in case of any third party claims, demands, suit, actions,
or other proceedings against the Qualified Teams/Participant/s
/Institute/Mentor in relation to the Program and/or arrangement/obligations
contemplated under these Terms. |
|
| |
|
|