Dream Pond Project - Design Submission and Intellectual Property Agreement

This agreement outlines the terms and conditions under which you, the participant (“Designer”), submit design ideas, concepts, sketches, or other materials (“Design Ideas”) to Poposoap (“Company”) for consideration in the Dream Pond Project. By submitting your Design Ideas, you acknowledge and agree to the terms outlined below regarding intellectual property rights, product development, and potential compensation.

1. Purpose of Submission

The purpose of submitting your Design Ideas to Poposoap is to contribute to the development of products for the Dream Pond Project. The Company intends to use your Design Ideas for the purpose of designing, developing, and marketing pond-related products that align with the vision of the Dream Pond Project.

2. Ownership and Intellectual Property Rights

By submitting your Design Ideas, you understand and agree that:

  • Joint Ownership of Intellectual Property: Once your Design Ideas are selected and implemented by Poposoap, both you and Poposoap will jointly own the intellectual property rights to the Design Ideas, including any patents, copyrights, trademarks, and trade secrets that may be created as a result of the Design Ideas. Both parties will share ownership equally unless otherwise agreed upon in writing.

  • License to Use: Poposoap will have the exclusive right to use, modify, reproduce, distribute, and sell the products created from your Design Ideas. As a joint owner of the intellectual property, you also have the right to use the Design Ideas for personal, non-commercial purposes, but you cannot sublicense or transfer these rights without the prior written consent of Poposoap.

  • No Exclusive Ownership: You acknowledge that, even though you will have joint ownership of the Design Ideas, Poposoap retains the right to use or incorporate similar or related ideas from other designers or third parties into its products without compensation to you.

3. Design Submission Guidelines

  • Design Idea Submissions: You must submit clear and detailed design ideas, including sketches, drawings, blueprints, prototypes, or any other relevant materials (collectively referred to as the “Designs”). Your submission must include a description of the design, its purpose, and any technical specifications.

  • Feasibility and Evaluation: Poposoap will review the Design Ideas to evaluate their feasibility and potential for development. If your Design Idea is selected for production or integration into the Dream Pond Project, you will be notified in writing by Poposoap.

4. Compensation and Recognition

  • Compensation: If Poposoap decides to use your Design Ideas in a product, you will be eligible for a reward as agreed upon by both parties. The specific terms of compensation, if any, will be discussed and formalized in a separate agreement prior to the development and launch of the product.

  • Recognition: Poposoap will make reasonable efforts to credit your contribution as the designer of the selected product(s). This may include mention of your name in the product’s marketing materials or on the product itself, as appropriate.

5. Confidentiality and Non-Disclosure

  • Confidential Information: Any confidential information shared between you and Poposoap during the course of this project must be kept confidential and will not be disclosed to third parties without prior written consent. This includes any business strategies, technical data, and other proprietary information.

6. No Obligation to Accept Design Ideas

Poposoap reserves the right to reject any submitted Design Ideas at its sole discretion. Submitting a Design Idea does not obligate Poposoap to use, incorporate, or develop the idea into a final product. Poposoap is under no obligation to provide compensation unless a separate agreement is made when a Design Idea is selected for development.

7. Termination

This agreement will remain in effect unless terminated by either party. In the event that the Dream Pond Project is terminated, or if a Design Idea is not selected for use by Poposoap, any rights granted to you regarding the Design Ideas will cease, and you will have no further claims against Poposoap related to the Design Idea.

8. Governing Law

This agreement is governed by and construed in accordance with the laws of the United States and the state where Poposoap is headquartered. Any disputes arising from this agreement will be subject to the exclusive jurisdiction of the courts located in that state.

9. Acknowledgment and Agreement

By submitting your Design Ideas, you acknowledge that you have read and understood this agreement, and you agree to be bound by its terms and conditions. You also confirm that you are the sole creator of the submitted Design Ideas and that no third-party rights will be violated by submitting these ideas.