Axis Bank AI Challenge is an initiative by Axis Bank that aims to attract developers, technology companies, start-ups, freelance technology enthusiasts and students to create the next generation of biometric solution.
These terms and conditions along with Definition, Venue and Date, How to Participate, Eligibility Criteria, Solution Guidelines, General Terms, Judging Process, Award Recipient, Awards, Cancellation, Intellectual Property Rights, Publicity, Disclaimers, Liability and Indemnity, Personal Information Consent, Law and Further Information ("Terms") govern the Programme and are applicable to all Participants of the Programme. A PARTICIPANT CAN PARTICIPATE IN THE PROGRAMME ONLY IF THE PARTICIPANT HAS READ, UNDERSTOOD AND AGREED TO THESE TERMS AND SHALL ENSURE THAT PARTICIPANT ENTITY ALSO READS, UNDERSTAND AND AGREE TO THESE TERMS.
1. DEFINITION
a) “Award” shall mean the award or prizes referred to on the Website.
b) “Finalist” shall mean the Teams which have been notified by Axis Bank as a finalist and have been invited for presentation.
c) “Intellectual Property Rights” or "IPRs" "Intellectual Property Rights" means ideas, inventions, discoveries, improvements, modifications, enhancements, trade secrets, designs, business models, software, derivatives, know-how, processes, methodologies, technical information, data, test results, information, concepts, and works of authorship, whether patentable or not and whether reduced to practice or not, and all related intellectual property, including, but not limited to, patents and patent applications (including but not limited to all reissues, continuations, continuations-in-part, revisions, extensions, divisionals, designs and reexaminations thereof), copyrights, mask works, trademarks, trade secrets, and other forms of intellectual property protection related thereto, including all applications, certifications and registrations therefor. Also include
(i) all rights (including intellectual property rights), title, and interest under any statute or under common law including patent rights; copyrights (including moral rights); and any similar rights in respect of Intellectual Property, anywhere in the world, whether negotiable or not;
(ii) any licenses, permissions and grants in connection therewith;
(iii) applications for any of the foregoing and the right to apply for them in any part of the world;
(iv) right to obtain and hold appropriate registrations in Intellectual Property and,
(v) all extensions and renewals thereof
(vi) causes of action in the past, present or future, related thereto including the rights to damages and profits, due or accrued, arising out of past, present or future infringements or violations thereof and the right to sue for and recover the same.
d) “Intellectual Property” shall mean and include any right, title or interest whatsoever in, to or over any of the trademarks, patents, service marks, designs, logos, copyrights, (whether registered or unregistered), including the right to file for registration.
e) “Jury” shall mean the jury of persons or entities appointed by Axis Bank, at its sole discretion, to evaluate the Solution submitted by Teams in accordance with these Terms.
f) “Laws” means all applicable laws, statutes, rules, regulations, ordinances, notifications, orders, guidelines and policies notified or promulgated pursuant thereto and modifications thereof in force from time to time.
g) “MVP” shall mean minimum viable product/solution/prototype.
h) “Participant” shall mean individuals permitted to participate in the Programme as a Team by Axis Bank and shall include Team Representative.
i) “Finale” shall mean the date on which Finalist shall make presentation before Jury and the date identified as Presentation Date on the Website.
j) “Registration End Date” shall mean the date identified as last date for registration.
k) “Programme Partner” here refers to Zone Startups, a startup accelerator.
l) “Team Lead” refers to the person from a team who has been chosen to lead/represent the team.
m) “Axis Bank's core values” refers to core values of Axis Bank as mentioned on website “https://www.axisbank.com/about-us/vision-and-values”.
2. SOLUTION GUIDELINES
The Solutions developed and submitted in connection with the Programme must meet all of the following criteria:
a) Solution should add new functionalities or improve the customer experience
b) Solution must be a MVP.
c) Solution must not contain, depict, imply or refer (implicitly or explicitly) to any crude, vulgar, obscene, sexually explicit, violent, disparaging, discriminatory, offensive, illegal or otherwise unsuitable language, activity or other content.
d) Solution must not contain, depict or refer to any content which disparages or refers negatively to Axis Bank, the Programme, or any other person or entity.
e) Solution must not contain, depict or refer to any content which refers to any third party or person or entity except without their approval in writing.
f) Solution must not conflict with any of Axis Bank's core values, or otherwise be objectionable to Axis Bank.
g) Solution must not contain any content that violates or infringes any applicable Law or any third party's rights (including privacy, publicity, personality and Intellectual Property Rights).
h) Solution must not have been submitted to any other events, program or promotion wherein the Participant(s) were required to transfer any Intellectual Property Rights with respect to the Solution to the operator or promoter of such events or program, or any third parties.
i) Solution must comply with the Terms, all other guidelines and criteria listed on Website or communicated to the Team Representative by way of email.
j) Solution must not use or refer to Axis Bank's name or any trademarks, service marks, slogans, trade dress, logos, social media, Intellectual Property or other handles of Axis Bank.
k) It must not contain malicious code or be coded or designed in such a way that it creates an information or security risk or otherwise compromises the integrity of the Solution (or other solutions), whether on stand-alone basis or otherwise.
l) The Solution and any materials presented by Participant (including any videos or materials) must be in English language.
3. GENERAL TERMS
a) Axis Bank shall have the right to change these Terms at any point of time without any notice to Participant and at its sole discretion.
b) Axis Bank shall have the right to not declare any Winner, at its sole discretion.
c) All decision taken by Axis Bank in respect to the Programme shall be final and binding. All Participant hereby agree and undertake not to contest or enquire about any such decision of Axis Bank.
d) All information and data as submitted by the Participant shall be true, accurate and correct and complete.
e) Participant represent and warrant that she/he has the authority to bind the Participant Entity to these Terms.
f) Each Participant agree and undertake that the Team Lead shall make all final decisions with respect to the Team and such final decision shall be binding on each Participant of the Team.
g) Team or Participant are not required to make any purchase or pay any fee to register, participate or receive an Award or other recognition in the Programme, except those required by applicable Laws.
h) Each Participant shall bear all cost and shall be responsible for all expenses in the course of participating in the Programme, including but not limited to any cost for transportation, passports and visas, hotel accommodations, meals or beverages.
i) By submitting the Solution for the Programme, the Participant represent and warrant that the Solution and its contents does not infringe upon any third party copyright or any other third party Intellectual Property Rights,
j) Participant shall not misuse or use of any material provided under the Programme for any activity except the Programme.
k) These Terms and Conditions and an arrangement herein shall be subject to applicable RBI guidelines issued from time to time and prevailing law and regulations
l) This Contest is subject to applicable law and regulations and would be modified / discontinued based on the prevailing law / regulation at any point of time and neither party shall be under any liability or obligation or continue implementation of the said Contest till such time the terms are modified by the Parties as per the prevailing/ amended law at that point of time. In the event, that the contest cannot be continued without total compliance of the prevailing law at any point of time, this Contest shall be deemed to be terminated forthwith from the date when the amended law restricting / prohibiting the Contest comes into force
4. JUDGING PROCESS
Axis Bank and the Jury will select the Shortlisted Teams, Finalists and Winners in their sole discretion.
The Solutions will be judged on various parameters including the following (without any particular order)
• Business potential
• Ease of implementation
• Functionality
• Innovation
• Scalability
• Uniqueness
• MVP/Prototype
• Completeness of the idea/prototype
• Usability.
Decisions of Axis Bank with respect to all aspects of the judging process shall be final and shall be binding on Participants.
5. AWARD RECIPIENTS
1. Winner will be notified by email or phone.
2. In order for a Team to be declared a Winner and be eligible for an Award in the Programme, she or he must have complied with, and remain in compliance with, these Terms and must have been selected as such by the Jury
3. Participant acknowledge and understand that by attending the Programme, it may be photographed, videotaped and otherwise recorded by Axis Bank (collectively, "Footage"). Footage will be owned by Axis Bank. Axis Bank has the right (but no obligation) to use, edit, adapt, post, stream, copy and exploit such Footage and all elements embodied therein, including any names and likenesses embodied therein, in whole or in part, in any and all media now known or hereafter devised throughout the world, for the fullest extent permitted by applicable Law, for advertising, promotional, trade and other purposes without any additional compensation, prior notification or permission. Participant confirms that it has no objection to usage of Footage of Axis Bank, its affiliates or Programme Partners.
4. Axis Bank shall have the right to request for proof of identity or KYC documents as maybe required or desired by the Bank
5. Axis Bank may replace a winner at any time at its sole discretion for any reason, including for non-compliance with the Terms.
6. AWARDS
a) Winner of the Programme shall be awarded with Award as mentioned on www.axisbank.com/thoughtfactory/hackathon.html.
b) Axis Bank holds out no warranty or makes no representation about the quality, usefulness, worthiness, delivery or otherwise of the goods and services or the Awards which are offered by the Programme Partner.
c) Participants are solely responsible for payment of any taxes on Awards. Axis Bank reserves the right to withhold all applicable taxes at source from all cash awards, unless a valid exemption from applicable authorities with respect to such tax withholding is provided.
d) Axis Bank may also award the following to the Participants at its sole discretion:
I. A potential contract with Axis Bank for Teams of Participant Entity.
II. Internship for student developers with Axis Bank.
e) Where applicable, Axis Bank will make reasonable efforts to deliver Awards to the account number(s) provided by Participant. However, Axis Bank shall not be liable if Awards returned to Axis Bank due to non-delivery at the provided account number.The Award is non-transferable and no cash alternative is available. No substitutions or exchange of the Award, other than what is detailed in the communication sent to the Winner shall be allowed. However, Axis Bank reserves the right to substitute and/or change the Award at its sole discretion at any point of time without any notice to Participant.
f) All descriptions/ images/visuals of the Awards in the communications are indicative only
7. CANCELLATION AND DISQUALIFICATION
a) If for any reason Axis Bank cannot run the Programme as planned due to any event, Axis Bank may modify, extend or suspend the Programme at its sole discretion and without any notice to Participant.
b) Axis Bank shall have the right to disqualify any Participant or Winner in case of any discrepancies.
c) Axis Bank shall have right to disqualify any Team without notice, if Axis Bank determines in its sole and discretion that a Participant or Solution does not comply with the Terms.
8. INTELLECTUAL PROPERTY RIGHTS
a) Participant agrees and understands that this is a public Programme and that the Solution and any ideas or concepts related to the Solution or part thereof shall be freely available to public. Participant further acknowledges and agrees that it has entered into the Programme on its own accord and each Participant confirms and shall ensure that each Participant Entity waive any and all claims against Axis Bank (or its affiliates, contractors, Programme Partners and agents) for such use or disclosure.
b) Participant/Teams waive any and all claims that they may have against Axis Bank and Programme Partner or anyone participating in "Axis Bank AI Challenges". Participant/Teams also acknowledge that Axis Bank have access to many ideas, concepts, and technologies, many of which may be similar or identical to the Solution, and Participant/Teams will not have any claim against Axis Bank or be entitled to any compensation as a result of Axis Bank's use of similar or identical material. Participant/Teams agree that Axis Bank are not responsible for any unauthorized use of the Solution (in whole or in part) by third parties.
c) Participant agree that Axis Bank own and shall retain Intellectual Property Rights in their respective materials including all Intellectual Property. No title in any Intellectual Property of Axis Bank is granted to the Participant under the Terms.
d) Participant hereby grant to Axis Bank, the right of first negotiation in good faith for Axis Bank to acquire any / all rights in and to the Solution to use the same for commercial business. Notwithstanding the foregoing, Axis Bank shall have no obligation to enter into an agreement with the Participant or Team or the Participant Entity in relation to the Solution. The Participant represents and warrants that the no obligation, restriction or encumbrance is present in relation to the Solution which may restrict the Participant to transfer or license the Solution to Axis Bank if so required and agreed between the parties.
e) Participant hereby grant and shall ensure that Participant Entity grants to Axis and its designees (which may include Programme Partner at sole discretion of Axis Bank) unrestricted, royalty-free, irrevocable, worldwide, sub-licensable, assignable, license (but not the obligation) to store, copy, reproduce, make available for public display, modify, transmit, translate, make derivative works from, and otherwise use Solution (in whole or in part) and any other personal information (including but not limited to name, address, voice, biography etc.), provided by the Participant during or in relation to the Program without notification or permission or attribution to Participant or Participant Entity, for the purposes of
I. Identifying Participant and/or Participant Entity as the owner and creator of the Solution;
II. Displaying or advertising, part or entire Solution (either with or without modification, if any) in any media or to any third party, for the Programme, Axis Bank or any Programme Partner or their future programs/ events of products, solutions and services;
III. Governing the Programme or future programs of Axis Bank or Programme Partner.
f) Participant shall take all essential steps including but not limited to execution of any agreement, documents, deeds, writings, filings or application form(s) for securing all licenses and rights of Axis Bank under these Terms.
g) Participant represents and warrants that the Participant have developed the Solution without infringing any third party rights and the Participant are sole and exclusive owner of all Intellectual Property Rights rightfully and legitimately created by the Participant in the Solution. For the avoidance of any doubt it is hereby clarified that.
I. no title to or ownership of any Axis Bank intellectual property or Programme Partner intellectual property is granted or otherwise transferred to a Participant or any other entity or person under the Terms; and
II. except as agreed in these Terms, no title to or ownership of any Participant intellectual property is granted or otherwise transferred to Axis Bank.
h) The Participant represents and warrants that the Solution is free from all encumbrances and does not violate any third party rights, including Intellectual Property Rights.
i) Participant are prohibited from providing public statements or issuing press releases to the public in relation to the Programme without the express written permission of Axis Bank for each instance.
9. INDEMNITY
To the maximum extent permitted by applicable Law, each Participant indemnifies and agrees to defend, indemnify and hold harmless Axis Bank, its agents, employees, service providers and Programme Partner and their affiliates, agents and employees from and against all claims, actions, suits or proceedings as well as any and all losses, liabilities, damages, costs and expenses (including reasonable attorney's fees) arising out of or accruing from:
• Infringement Intellectual Property Rights of Axis Bank, Programme Partner or third party.
• Breach of these Terms.
• Claims or action brought by any third party, including Participant Entity.
• Any misrepresentation made by Participant.
• Participation of the Participant in the Programme.
• Receipt, redemption or use of any Award or your inability to receive, redeem or use such Awards.
10. DISCLAIMERS, LIABILITY AND INDEMNIFICATION
• Axis Bank is not liable for any loss or damage of or to any Solution/submission or for any other loss or damage to Participant, Participant Entity, their assets or third party resulting directly or indirectly from Participant's participation in the Programme or using any material provided by Axis Bank or Programme Partner.
• Axis Bank is not responsible for:
(1) technical failures of any kind, including malfunctioning of any telephone, computer, network, hardware or software;
(2) the unavailability or inaccessibility of any service;
(3) electronic or human intervention/ error which may occur in the administration of the programme or the processing of solutions/ submissions; or
• Axis Bank will not be liable to you for any direct, indirect, special, consequential, or punitive damages in connection with the programme or these terms.
11. LAW
THIS PROGRAMME AND THESE TERMS ARE GOVERNED BY LAWS OF REPUBLIC OF INDIA.
In the event any claim, difference or dispute in connection with the Programme, the disputing parties shall attempt, in the first instance, to resolve such dispute through amicable discussion. If any such dispute is not resolved within 30 (thirty) days of the commencement of the discussions, then either of the disputing party shall have the right to refer such dispute to courts at Mumbai.
Courts at Mumbai shall have sole jurisdiction over all disputes in relation to this Programme.
If any portion of the Term shall be declared invalid by order, decree or judgement of a court of competent jurisdiction or by application of any law, the Term shall be construed as if such portion had not been inserted herein except when such construction would constitute a substantial deviation from the general intent and purpose of the Programme.
TO THE EXTENT THESE TERMS ARE TRANSLATED INTO ANY LANGUAGES OTHER THAN ENGLISH, THE ENGLISH LANGUAGE VERSION SHALL PREVAIL.
12. FURTHER INFORMATION
For more information please email contact the team through the “Contact Us” Section
WHILE ENTERING THE PROGRAMME AS A PARTICIPANT, PARTICIPANT WARRANT THAT PARTICIPANT IS FULLY AUTHORIZED TO ACCEPT AND AGREE THESE TERMS FOR AND ON BEHALF OF PARTICIPANT ENTITY AND FURTHER WARRANT THAT EACH MEMBER OF PARTICIPANT'S TEAM HAS READ AND UNDERSTOOD THESE TERMS AND AGREED TO BE BOUND BY THEM.
The Participant agrees and acknowledges that the Participant has read and understood the Terms and that by clicking on the 'I Agree' button on the Registration Form, the Terms would be binding on the Participant and deemed to be signed and accepted.
