1. Introduction
Welcome to Cerebrum IP Solutions Ltd, an Idea Incubation, Management, and Intellectual Property (IP) Solution Company. These Terms of Service ("Terms") govern your access to and use of our services, including but not limited to idea dubbing, idea incubation, intellectual property management, licensing, consultancy, and related services provided by Cerebrum IP Solutions Ltd (collectively, "Services"). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to these Terms, please do not use our Services.
2. Definitions
"Client" refers to any individual or entity who uses our Services. "Ideas" refers to the concepts, innovations, inventions, designs, or intellectual property shared with Cerebrum IP Solutions Ltd, via any of her products such as IntelliForge. "Intellectual Property" refers to patents, trademarks, copyrights, designs, trade secrets, or any other proprietary rights related to the Client’s Ideas. "Incubation" refers to the process of nurturing, developing, and refining Ideas towards a commercial outcome.
3. Eligibility
To use our Services, you must be at least 18 years of age and possess the legal right to enter into binding agreements. By using our Services, you represent that you meet these eligibility requirements. We also allow younger entities to use our services, but that can only be routed via a proxy who meets the above-stated requirement.
4. Confidentiality & Intellectual Property Rights
4.1 Confidentiality
Cerebrum IP Solutions Ltd agrees to keep confidential any non-public information or proprietary Ideas shared by the Client. We will not disclose or use the Client’s Ideas for any purpose other than providing the agreed-upon Services. The Client agrees not to disclose any proprietary processes, methodologies, or trade secrets used by Cerebrum IP Solutions Ltd during the course of providing Services.
4.2 Ownership of Intellectual Property
The Client retains ownership of all Intellectual Property and proprietary rights in their Ideas unless otherwise agreed upon in a separate written agreement. Any IP created jointly between Cerebrum IP Solutions Ltd and the Client during the incubation process shall be subject to a separate IP ownership agreement to define the ownership and usage rights of the resulting IP.
5. Services
Cerebrum IP Solutions Ltd provides a range of Services, including but not limited to: Idea Dubbing: Transforming raw ideas into detailed, actionable concepts. Idea Incubation: Assisting Clients in developing and refining their ideas into commercially viable products or solutions. IP Management: Filing, monitoring, and enforcing Intellectual Property rights such as patents, trademarks, and copyrights. IP Licensing & Commercialization: Assisting Clients in monetizing their IP through licensing or other commercial arrangements. Consulting & Strategy: Providing advisory services on IP strategy, protection, and commercialization. The exact scope of Services will be detailed in a separate contract with the Client.
6. Payment Terms
The pricing for the Services will be detailed in a separate agreement or invoice provided to the Client. Payments must be made in accordance with the payment schedule outlined in the agreement. Late payments may be subject to additional charges or suspension of Services until payment is received. All fees are non-refundable unless otherwise agreed in writing.
7. Client Responsibilities
The Client agrees to provide accurate and complete information necessary for Cerebrum IP Solutions Ltd to provide the Services. The Client is responsible for ensuring that their Ideas and IP do not infringe on any third-party rights. The Client agrees to actively participate in the incubation and management process and to respond to requests for information or approvals in a timely manner.
8. Limitation of Liability
Cerebrum IP Solutions Ltd provides Services on a best-effort basis and makes no guarantees regarding the success or commercial viability of any Idea. Cerebrum IP Solutions Ltd shall not be liable for any indirect, incidental, or consequential damages arising out of or in connection with the Services provided, including but not limited to lost profits, loss of business opportunity, or loss of data. In no event shall Cerebrum IP Solutions Ltd's total liability exceed the amount paid by the Client for the Services.
9. Termination
Either party may terminate the agreement for Services with prior written notice of 30 days. Cerebrum IP Solutions Ltd reserves the right to terminate or suspend the Services if the Client fails to comply with these Terms or any separate agreement governing the Services. Upon termination, the Client will be responsible for any outstanding fees, and Cerebrum IP Solutions Ltd will return any confidential materials and cease using the Client's Ideas.
10. Dispute Resolution
In the event of a dispute arising out of or relating to these Terms or the Services provided, both parties agree to first attempt to resolve the dispute through good-faith negotiations. If a resolution cannot be reached, the parties agree to submit the dispute to binding arbitration under the rules of the Arbitration Organization in the specified Jurisdiction.
11. Governing Law
These Terms shall be governed by and construed in accordance with the laws of the specified Country or State, without regard to its conflict of law principles.
12. Changes to Terms
Cerebrum IP Solutions Ltd reserves the right to modify or update these Terms at any time. Any changes will be posted on our website, and continued use of the Services after such changes constitutes acceptance of the revised Terms.
13. Contact Information
If you have any questions or concerns regarding these Terms, please contact us at: Cerebrum IP Solutions Ltd, [Address], [Phone Number], [Email Address]