Common use of Withdrawal from the Competition Clause in Contracts

Withdrawal from the Competition. Team may withdraw from the Competition at any time. Team must provide written notice of withdrawal to XPRIZE ten (10) business days prior to its withdrawal. Upon withdrawal, Team will: (i) forfeit Team’s Registration Fee; (ii) no longer be eligible to receive any Award; (iii) cease use of all XPRIZE materials; and (iv) return (or destroy if so instructed in writing by XPRIZE) all media, documents, information, and/or materials provided to Team by XPRIZE or its affiliates or sponsors. Team shall certify in writing that it has complied with this provision within ten (10) business days of Team’s withdrawal. Once a Team has withdrawn or is otherwise disqualified from the Competition, Team or Team Members shall not engage in conduct that is determined by XPRIZE: (i) to reflect poorly on XPRIZE and/or any Title Sponsor and other Competition sponsor; (ii) to be disparaging to XPRIZE or any XPRIZE employee, director, sponsor or agent, or to Title Sponsor or any Title Sponsor employee, director, sponsor or agent; or (iii) to disrupt or harm, in any manner, the Competition, XPRIZE, Title Sponsor or any other Competition sponsor.

Appears in 3 contracts

Samples: Xprize Competitor Agreement, Xprize Competitor Agreement, Xprize Competitor Agreement

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Withdrawal from the Competition. Team may withdraw from the Competition at any time. Team must provide written notice of withdrawal to XPRIZE ten (10) business days prior to its withdrawal. Upon withdrawal, Team will: (i) forfeit Team’s Registration Fee; (ii) no longer be eligible to receive any Award; (iii) cease use of all XPRIZE materials; and (iv) return (or destroy if so instructed in writing by XPRIZE) all media, documents, information, and/or materials provided to Team by XPRIZE or its affiliates or sponsors. Team shall certify in writing that it has complied with this provision within ten (10) business days of Team’s withdrawal. Once a Team has withdrawn or is otherwise disqualified from the Competition, Team or Team Members shall not engage in conduct that is determined by XPRIZEXPRIZE determines: (i) to reflect poorly on XPRIZE and/or any Title Sponsor and other Competition sponsor; (ii) to be disparaging to XPRIZE or any XPRIZE employee, director, sponsor or agent, or to Title Sponsor or any Title Sponsor employee, director, sponsor or agent; or (iii) to disrupt or harm, in any manner, the Competition, XPRIZE, Title Sponsor or any other Competition sponsor.

Appears in 1 contract

Samples: Xprize Competitor Agreement

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