Sompo 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 Sompo. The terms of the paid POC shall be defined with the winning team and will include the entering into a POC agreement with Sompo 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 Sompo. All teams participating confirm they have all right, title and interest associated with the solutions presented to Sompo 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.
