CONFIDENTIALITY AND RETENTION OF SUBMITTED MATERIAL
Once the entry is published by an applicant, the entry will be publicly visible on the Nestlé Creating Shared Value Prize platform. Nestlé expressly reserves the right to share the entry with any third party that needs to be involved for the purpose of any activity related to the Nestlé Creating Shared Value Prize.
Upon prior request, individuals or organizations’ submitting entries can claim for their file and data to be deleted by requesting it through the official challenge email: firstname.lastname@example.org.
VALUE OF THE CREATING SHARED VALUE PRIZE
Nestlé S.A. (“Nestlé”) will grant the Nestlé Creating Shared Value Prize winner(s) an investment of up to CHF 250 000 as a prize. The Nestlé Creating Shared Value Prize jury may decide to award the winners’ prize funds to more than one winner, including a maximum of five (5) specially commended.
The value of each Nestlé Creating Shared Value Prize for each winner will then depend on its various merits and needs and will be determined at the sole discretion of the Nestlé Creating Shared Value Prize jury. The aggregate value of the prizes for all winners will not exceed CHF 250 000.
The receipt of the Nestlé Creating Shared Value prizes may be subject to different taxes, such as income tax, social security, and indirect taxes, depending on the winner’s country of tax residence and the country where the program is implemented. It is the winner’s responsibility to comply with all applicable laws, including tax laws. In this respect, the Nestlé Creating Shared Value Prize is granted as gross amount, and any applicable tax will be due and payable by the winner, except if the applicable law explicitly provides for the liability of the donor. The Nestlé Creating Shared Value Prize will be awarded in Swiss Francs. All costs associated with currency exchange are the sole responsibility of the winner.
USE OF CHALLENGE AWARDS
The challenge winner(s) agree(s) upon receipt of the Nestlé Creating Shared Value Prize to use the funds exclusively to support the furtherance of the winning entry and the purpose of the initiative as outlined in the Entry only.
Following the awarding of the prize, Nestlé reserves the right to review documentation of the disbursements of the money paid to the winning entry(ies).
Winners agree to regular and appropriate monitoring and evaluations by Nestlé, as well as to provide progress reports as may be required by Nestlé.
Prizes are awarded without warranty of any kind from Nestlé or any of its affiliated companies, express or implied, without limitation, except where this would be contrary to federal, state, provincial, or local laws or regulations. Submission of entry for this Nestlé Creating Shared Value Prize requires that Applicants agree to be bound by the terms of these Challenge Terms and Rules and by the decisions of Nestlé, which are final and binding on all matters pertaining to this Nestlé Creating Shared Value Prize. Any finalist applicant who is not available to attend the workshops, will be disqualified and alternative applicant(s) might be invited from the semi-finalists group.
Ownership of and all intellectual and industrial property rights in and to the application shall remain with the Applicant.
To the extent permitted by law, entrants agree to hold Nestlé, its subsidiaries, agents, directors, officers, employees, representatives and assigns harmless from any injury or damage caused or claimed to be caused by participation in the Nestlé Creating Shared Value Prize and/or use or acceptance of any Nestlé Creating Shared Value Prize awarded, except to the extent that any death or personal injury is caused by the negligence of Nestlé. Nestlé is not responsible for any typographical or other error in the printing of the offer, in the administration of the Nestlé Creating Shared Value Prize or in the announcement of the Nestlé Creating Shared Value Prize. An applicant may be prohibited from participating in this Nestlé Creating Shared Value Prize if, in Nestlé's sole discretion, it reasonably believes that the applicant has attempted to undermine the legitimate operation of this Nestlé Creating Shared Value Prize by cheating, deception, or other unfair practices or annoys, abuses, threatens or harasses any other applicants, Nestlé or associated agencies.
Applicants certify and warrant that their entry is original and that they are the sole and exclusive owner and right holder of the submitted entry and/or that they have the right to submit the entry for the Nestlé Creating Shared Value Prize. Each Applicant agrees not to submit any entry that (1) infringes any 3rd party proprietary, intellectual property, industrial property, personal rights or other rights, including without limitation, copyright, trademark, patent, trade secret or confidentiality obligation; or (2) otherwise violates applicable law in any countries in the world. To the maximum extent permitted by law, each applicant indemnifies and agrees to hold Nestlé, its subsidiaries, agents, directors, officers, employees, representatives and assigns harmless at all times from and against any liability, claims, demands, losses, damages, costs and expenses resulting from any act, default or omission of the applicant and/or a breach of any warranty set forth herein. To the maximum extent permitted by law, each applicant indemnifies and agrees to hold Nestlé, its subsidiaries, agents, directors, officers, employees, representatives and assigns harmless at all times from and against any liability, actions, claims, demands, losses, damages, costs and expenses for or in respect of which Nestlé will or may become liable by reason of or related or incidental to any act, default or omission by an applicant under these Challenge Terms and Rules including without limitation resulting from or in relation to any breach, non-observance, act or omission whether negligent or otherwise, pursuant to these official rules by an applicant.
Nestlé shall seek written prior approval of all communication using the finalists’ intellectual property rights. Such approval shall not be unreasonably withheld or delayed. By granting their approval, the finalists grant Nestlé and its affiliated companies the perpetual and free of charge right and license to use their name, the name of the innovation and related intellectual property rights for communication in connection with the Nestlé Creating Shared Value Prize.
Nothing in these Challenge Terms and Rules shall be considered or is intended to confer or transfer to either party any ownership right or interest in any intellectual property right (such as trademark, design, symbol, etc.) of the other party.
The Challenge Terms and Rules are subject to change; any change will be published on https://network.changemakers.com/challenge/creating-shared-value-prize. The Terms and Rules and administration of the Nestlé Creating Shared Value Prize will be governed by the laws of Switzerland and the relevant court of Canton de Vaud, Switzerland shall have jurisdiction.
NO RECOURSE TO JUDICIAL OR OTHER PROCEDURES: To the extent permitted by law, the rights to litigate, to seek injunctive relief or to make any other recourse to judicial or any other procedure in regard to the judgment of the judges' panel for the Creating Shared Value Prize are hereby excluded, and any applicant expressly waives any and all such rights.