Common use of Legally Binding Clause in Contracts

Legally Binding. You agree that submission of a Proposal in the Challenge constitutes agreement to these Terms, as well as LM’s Privacy Policy. These Terms, together with the Privacy Policy, form a binding legal agreement between you and Sponsor with respect to the Challenge. Judges will review submitted proposals to determine which proposals, if any, may be suitable to award with a contract, but at all times Sponsor is the sole and final determinant of the sufficiency of any proposal received, and/or of granting any award, contract or taking any other action involving the Challenge.