Incubatees definition
Examples of Incubatees in a sentence
The Incubatee shall produce a business plan that sets out the Incubatee's expected course of action for next period of the development of the company, including a detailed listing and analysis of risks and uncertainties (“Business Plan”).
The Incubatee shall produce a business plan that sets out the Incubatee's expected course of action for next period of the development of the company, including a detailed listing and analysis of risks and uncertainties.
The IIML-EIC and Incubatee(s) shall keep confidential, the contents of the Incubation and mentoring support and other sensitive information exchanged or received during the incubation period.
Intellectual Property in any and all materials developed, devised, written or otherwise acquired by the Incubatees in the past or during the Incubation period shall vest exclusively in the Incubatees as the sole owner.
In the event of any dispute between the Incubatee(s) and the IIML-EIC, the IIML-EIC and Incubatee(s) shall use their best endeavors to resolve the dispute through amicable negotiations.
These reports will advise the Incubator on the status of the Incubatee's efforts to achieve the Milestones and its plans for corrective actions for Milestones not achieved.
The Incubatees shall treat the premise with utmost care, and not do anything unprofessional, illegal or immoral that may disrupt the working culture, reduce or adversely affect the productivity of the said office or otherwise bring IIML-EIC to disrepute in any manner.
This Agreement shall be subject to periodical review and amendments /modification by the IIML-EIC at its sole discretion without any prior notice or intimation to any person or entity, including but not limited to Incubatee(s).
The Incubatees shall not use IIML-EIC name either directly or indirectly in their business dealings, either during the time when the facilities are availed or in the future business dealings unless written permission is obtained from IIML-EIC for using the name.
The IIML-EIC shall in no way be bound to provide above said support to the Incubatees.