THE STORY OF THE COMPETITION. Milken and Team mutually recognize and acknowledge: (i) that Milken intends to promote and tell the story of the Competition to a broad audience; (ii) that promoting and telling the story of the Competition will benefit, and be in the best interest of, both Milken and Team; and (iii) that in order for Milken to best promote and tell the story of the Competition, Team must grant Milken certain license rights, pursuant to the terms and conditions detailed below. However, Milken undertakes no obligation with regard to its intent to promote and tell the story of the Competition and reserves the right to exercise sole and absolute discretion in choosing Teams and subject matter for media promotion or other purposes not affecting the outcome of the Competition based on criteria including, but not limited to, the compelling nature of the Team’s story.
THE STORY OF THE COMPETITION. XPRIZE and Team mutually recognize and acknowledge: (i) that XPRIZE intends to promote and tell the story of the Competition to a broad audience; (ii) that promoting and telling the story of the Competition will benefit, and be in the best interest of, both XPRIZE and Team; and (iii) that in order for XPRIZE to best promote and tell the story of the Competition, Team must grant XPRIZE certain license rights, pursuant to the terms and conditions detailed below. However, XPRIZE undertakes no obligation with regard to its intent to promote and tell the story of the Competition and reserves the right to exercise sole and absolute discretion in choosing Teams and subject matter for media promotion or other purposes not affecting the outcome of the Competition based on criteria including, but not limited to, the compelling nature of the Team’s story.
THE STORY OF THE COMPETITION. The main purpose of an XPRIZE is impact, and a key component of each competition’s impact process is storytelling. XPRIZE will produce marketing and communication campaigns to expand awareness, reach audiences, and inspire support. These campaigns may highlight teams, their technology, and their potential impact on the world. In order to best promote and tell the story of the Competition, Team must grant XPRIZE certain license rights pursuant to the terms and conditions detailed below. XPRIZE maintains full editorial control and promotional decision-making, including Team coverage, selection of content, subjects, and distribution to tell a compelling Team story while also recognizing that protecting team intellectual property is paramount.
