Development Licence. 3.1 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. Consequently, the Parties agree as follows: 3.2 In the event the Problem Solver is unable to or not willing to further develop the Created IP, the Problem Solver agrees to negotiate the sale or licence of the Created IP to the Problem Owner for the Problem Owner to further develop solutions to the industry-wide problem. 3.3 The Problem Owner will be granted by the Problem Solver a licence to adapt, modify, expunge, make derivative works of, disassemble, decompile, reverse engineer, republish, download, or copy and part of the Created IP for further development, subject to terms to be agreed between the Problem Owner and Problem Solver.
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Samples: Participation Terms, Participation Agreement, Participation Terms
