REVERSE PITCH MKE
TERMS AND CONDITIONS
The Reverse Pitch MKE (“Reverse Pitch”) is a competition sponsored by The Northwestern Mutual Life Insurance Company (the “NM”). Individuals may register and form a team (the “Team”) with other participants (the “Team Members”) in the Reverse Pitch. There is no entry fee. THE REVERSE PITCH IS VOID WHERE PROHIBITED BY LAW. BY PARTICIPATING, YOU AGREE TO THESE TERMS AND CONDITIONS.
Eligibility. The Reverse Pitch is open to individuals who are 18 or older at the time of submitting their application. The Reverse Pitch is open to NM employees, but not to contractors with current contracts for services or products with NM. If you are an NM employee and win the Reverse Pitch, you will be required to resign from your employment with NM as a condition to accept any future funding or prize.
By submitting a Pitch Back Application (“Application”) the Participant agrees to full and unconditional agreement and acceptance of these Terms and Conditions (“Terms”). The term you refers to you, the “Participant”. You can submit an Application individually or as a team.
Application Submission and Review.
An Application will be first submitted no later than December 16, 2018. The Application will include a Team Overview, Product Overview, and a Go to Market Business Plan.
The Participant’s Application will then be reviewed and either approved or declined for further participation as early as December 21, 2018.
You will pitch your Application on January 28, 2019 at a location to be determined and later published publicly.
SUBMISSION OF AN APPLICATION DOES NOT GURANTEE ANY FUNDING, PRIZE MONEY OR ANYTHING OF VALUE FROM NORTHWESTERN MUTUAL, WHO RESERVES THE RIGHT TO NOT ELECT A WINNER FOR THE REVERSE PITCH BASED ON THE QUALITIES OF THE PITCHES AND NEEDS OF NM.
Certification and Acknowledgement
By entering the Reverse Pitch, all Team Members certify that:
They have read and agreed to be bound by these Terms and Conditions;
The ideas submitted are original work and that they are the creators;
They accept that the Application is submitted on a confidential basis unless Team Members disclose the content of the Application publicly or on January 28, 2019; and
All trademarks and copyrighted material have been properly acknowledged.
The Team Members also acknowledge and agree NM or any of its affiliates or subsidiaries may have already been in the process of independent development and innovation for various products and services and therefore any disclosure of information or ideas submitted by Teams may not be new to NM or its affiliates or subsidiaries and would not affect or impair NM’s proprietary rights to its own innovations.
Team Members’ Rights to Application and Related Work Products
The right, title and interest in all inventions, discoveries, industrial designs, topographies, innovations, works, data, trade secrets and technical or business information, and all associated patent, copyright and design rights, and all other intellectual property rights therein associated with the Application, including, without limitation, work products and products not specifically filed as part of the Application (the “Intellectual Property”, where independently created, authored, or developed by you (or your Team) remains with you (or your Team).
Where NM will present its own technologies or concepts (the “NM Technology”), NM retains ownership rights in any NM Technology, subject to the terms and conditions of any third-party licenses that may or may not apply.
Prizes and Funding
The information in the Reverse Pitch Booklet provided at the November 2018 Startup Milwaukee Week event held at Northwestern Mutual includes the information regarding the prize and the funding, along with the information available at the FAQ for the Reverse Pitch at https://www.startupmke.org/reversepitchmkefaqs.
All costs and travel expenses for participating in the Reverse Pitch are at the sole cost of the Team Members.
Submitted Applications will not be returned to you.
No prize substitutions will be made.
NM reserves the right to modify these Terms and Conditions at its sole discretion without advanced prior notice for any reason whatsoever.
You acknowledge and agree not to solicit NM employees or NM contractors either for employment or to evaluate or demo your ideas and products as part of your Application, or pitch to NM if you are invited to present on January 28, 2019.
You acknowledge and agree to not use NM logos, service marks or trademarks in your Application or any presentation you may use or create in preparation for a pitch on January 28, 2019. Furthermore, You may not use any logos, trademarks or service marks of other third party businesses unless you have the legal authority to use the logos, trademarks or service marks.
Except for the gross negligence and willful misconduct of NM and its affiliates or subsidiaries including its directors, officers, employees, You or Team Members assume all injury and damages caused by your participation in the Reverse Pitch.
You acknowledge and agree the right to participate in the Reverse Pitch and earn a right to win a prize and be considered for funding of your company or idea, along with working at NM facilities alongside NM employees, constitutes good and valuable consideration is consideration for the rights granted or waived herein, and is not conditioned upon your purchase of NM products or services.