All competition participants will be responsible for taking the proper steps to protect their intellectual property. Prior to their participation, all participants will be required to sign a disclaimer acknowledging that the competition is a public event and that judges, organizers, sponsors and other individuals involved in the event do not sign nondisclosure agreements.
The ownership of the technology must be verifiable and certifiable. Failure to do so will result in disqualification of the team and/or forfeiture of any prize money won. Teams will not be permitted to present ideas based on science and technology owned by third parties who have not licensed their technology to the presenting company (or in the case where negotiations are ongoing, expressed a clear intent to license the technology to the participants, pending agreement on terms). The organizers of the competition may disqualify any team failing to comply with the spirit and intent of this rule and shall be held harmless due to such action.