VentureLab - entrepreneurial learning

IP Agreement

VentureLab’s Intellectual Property. The Mentee and Caregiver agree that the Spark Startup Materials & ESTEAM® Mentorship Program and any other intellectual property, including without limitation, documents, drawings, videos, methods, know-how, ideas, trademarks, logos, and marketing materials, produced or supplied by VentureLab (the “Intellectual Property”) is and shall remain the sole and exclusive property of VentureLab. Except as expressly provided herein, Mentee and Caregiver shall not have the right to copy, distribute, sell, license, sublicense or otherwise transfer to others the right to use any of the Intellectual Property without VentureLab’s prior written consent. Mentee and Caregiver expressly covenants and agrees that it shall not, directly or indirectly, commit an act of infringement or contest, or aid in contesting, the validity or ownership of the Intellectual Property. Mentee and Caregiver acknowledges that any use of the Intellectual Property outside the scope of this Agreement without VentureLab’s prior written consent would be an infringement of VentureLab’s intellectual property rights. Mentee and Caregiver further acknowledges that its use of the Intellectual Property outside the scope of this Agreement without VentureLab’s prior written consent would result in irreparable injury to VentureLab, for which no adequate remedy at law may be available, and accordingly consents to the issuance of, and agrees to pay all court costs and reasonable attorney fees incurred by VentureLab in obtaining, an injunction enjoining any conduct by Mentee and Caregiver prohibited by the terms of this Agreement. This remedy shall be in addition to any and all other remedies that may be available to VentureLab.

Confidentiality. The Mentee and Caregiver acknowledge the proprietary and confidential nature of VentureLab’s curriculum, education models and materials, business plan, procedures, new product development, client or referral lists, information related to potential third party partnerships, procedures for the efficient operation of VentureLab, and any other methods, procedures, processes, techniques, information, knowledge, or know-how concerning VentureLab in particular that may not be commonly known to the public or to VentureLab’s competitors and that VentureLab has identified or may identify as proprietary and confidential information (“Trade Secrets”). The Mentee and Caregiver shall not communicate, divulge, or use any Trade Secrets to or for the benefit of any other person, persons, partnership, association or corporation. Any information or materials that are already available in the public domain shall not be considered Trade Secrets.

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