BP reserves the rights to modify the terms of the challenge from time to time. Judging and winning criteria shall be subject to the exclusive discretion of BP. The terms of the paid POC shall be defined with the winning team and will include the entering into a 2-way NDA and POC agreement with BP which will govern the framework of the POC, its timetable, costs, and additional conditions. The winning team must incorporate as a company as a condition for receiving the award and entering into the POC agreement with BP. All teams participating confirm they have all right, title and interest associated with the solutions presented to BP and that the usage, development and transferability of the underlining intellectual property vested in such solution and their participation in the challenge competition is not restricted in any way or subjected to any third-party rights
