Common use of Challenge Terms Clause in Contracts

Challenge Terms. 1.1 The Problem Solver and Problem Owner (the “Parties” and each, individually, a “Party”) accept and agree that they will be bound by the terms set out herein. 1.2 The Problem Xxxxxx agrees to the instructions set out in the Instructions and Information section. 1.3 The Problem Solver shall abide by and accept as final and binding on the Problem Solver, all of ARTC’s decisions on all matters related to this Challenge. 1.4 The Parties acknowledge and agree that the solutions provided in this challenge will be used for industry-wide applications, and agree to endeavour to achieve the broad objectives of solving industry-wide problems.

Appears in 4 contracts

Samples: Participation Terms, Participation Terms, Participation Agreement

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