By submitting a Business Plan (“the Plan”) to the University of Tennessee (“UT”) CBA Business Plan Competition (“the Competition”), each Contestant listed below agrees to the following conditions:
- Originality of Plan — The ideas and concepts set forth in the Plan are the original work of the Contestants and that no Contestant is under any agreement or restrictions which prohibit or restrict his or her ability to disclose or submit such ideas or concepts to the Competition.
- Compliance with the Eligibility Guidelines — Each Contestant has reviewed the Entry Eligibility Guidelines (“the Guidelines”) and by his or her signature below certifies that this entry and the team or individual it represents complies with the Guidelines and agrees to abide by the Guidelines. Each Contestant also certifies that the venture had no revenues and raised no outside equity capital and/or did not undertake any other formal startup activities prior to the current January, 2011.
- Waivers and Releases — Each Contestant understands that The University of Tennessee, each of the co-sponsors, judges, mentors, co-organizers (the “Competition Officials”) and its directors, officers, partners, employees, consultants and agents (collectively “Organizer Representatives”) are volunteers and are under no obligation to render any advice or service to any Contestant. The views expressed by the judges, co-sponsors, co-organizers, and the Organizer Representatives are their own and not those of UT or any other person or entity.
Each Contestant also understands and agrees that although the Competition Officials have taken and will take the steps described in the Guidelines regarding confidentiality of the ideas and plans submitted by the Contestants, the legal protection of the ideas and plans submitted by the Contestants to the Competition is otherwise the sole responsibility of the Contestant. In consideration of the time, expertise and other resources provided by the Competition Officials and Organizer Representatives to the Competition, each Contestant hereby voluntarily releases each Competition Official and each Organizer Representative from any further liabilities, responsibilities, and accountabilities relating to or arising out of such Competition Officials or Organizer Representative’s participation in the Competition.