Terms & Conditions

BY CLICKING ACCEPT TO THE TERMS AND CONDITIONS DATED AS TO THE DATE OF SUBMISSION, THE APPLICANT, WHO HAS SUBMITTED SUCH INFORMATION TO BE REVIEWED BY STUDIO RED BANK, DOES HEREBY WARRANT THAT THEY ARE OF LEGAL AGE AND SOUND MIND TO ENTER INTO A BINDING AGREEMENT ON THEIR OWN BEHALF, AND FOR DUE CONSIDERATION, AND DO HEREBY AGREE TO THE FOLLOWING TERMS AND CONDITIONS:

1. NO PROMISE TO FURTHER COMMMUNICATE

1.1 By submitting an idea for review by Studio Red Bank, Applicant fully understands that this in no way binds Studio Red Bank or its mentors to engage in any further communication with Applicant. Applicant is submitting idea solely for Applicant’s benefit, and Studio Red Bank in no way guarantees any further engagement, enhancement, modification, or discussion of Applicant’ idea.

2. NO PROMISES TO FURTHER BUSINESS

2.1 Applicant understands that by submitting this idea, Studio Red Bank is in no way obligating itself to engage in further business discussions with Applicant or promises to aid Applicant in any way whatsoever, now or any time in the immediate or far future.

2.2 Should Studio Red Bank and Applicant ever wish to engage in a formal business relationship, a formalized and executed separate agreement shall be required.

3.NO LEGAL RELATIONSHIP FORMED BETWEEN PARTIES

3.1 This Agreement is in no way forming a legal relationship between Applicant and Studio Red Bank and Applicant understands that in no way is Applicant an employee, independent contractor, or otherwise and in any way affiliated with or connected to Studio Red Bank.

4. NO RIGHTS TO INTELLECTUAL PROPERTY

4.1 Applicant is allowing Studio Red Bank to view and discuss Applicant’s proprietary information, which may or may not be protected or protectable under Federal, State, and/or Common Law.

4.2 Applicant is not transferring or licensing any rights he/she may or may not have in any and all protectable intellectual property submitted with idea.

4.3 Studio Red Bank will hold any such protectable intellectual property in the manner as commercially reasonable as to not disclose any such intellectual property.

4.4 Studio Red Bank shall not be obligated to protect or hold from disclosure any information that is deemed unprotectable and/or in the public domain.

5. PRIVACY

5.1 Both Applicant and Studio Red Bank agree to hold any and all information received by the other party with the utmost care and not disclose any information gathered through communications, whether proprietary or not.

6. INDEMNITY

6.1 Except for any willful or grossly negligent acts or omissions by either party to this Agreement, each party agrees to defend, indemnify, and hold harmless the other Party and its directors, officers, and employees with a respect to a claim arising from the Party’s actual or alleged act, failure to act, error, or omission in their performance of their obligations under this Agreement or any governing law or regulation.

7. GOVERNING LAW

7.1 These Term and Conditions are set forth and governed by the laws of the State of New Jersey.

8. ENTIRE AGREEMENT

8.1 These Terms and Conditions represent the entire understanding between the parties.