Pre-Contractual Terms for Innovation Submission

Effective from date of submission on the CBasS platform.

Before submitting your innovation to our platform, please carefully read the following Pre-Contractual Terms. By ticking the acceptance box and submitting your innovation, you confirm that you understand and agree to be bound by these terms.

  1. Purpose of Innovation Submission
    • The purpose of submitting your innovation is for preliminary evaluation and scoring, to determine its eligibility for commercialisation support through our business. The evaluation is conducted solely to assess whether your innovation meets the required scoring. (“Qualifying Score”).
  2. Innovation Evaluation Process
    • Upon submission to our service platform (operated by CBasS.com), your innovation and any related documents (including patent filings, technical materials, and descriptions) will be assessed by our expert team.
    • Only submissions that are accepted by our expert team (score equal to or greater than 6) will proceed to the next phase, where you may be offered a formal contract for commercialisation support.
  3. Treatment of Intellectual Property (IP)
    • All intellectual property rights in your innovation remain yours unless and until a formal contract is signed following a Qualifying Score.
    • We irrevocably confirm and guarantee that:
    • We will only use the materials you submit for the sole purpose of evaluating your innovation.
    • We will not use, reproduce, modify, reverse-engineer, disclose or commercialise any part of your innovation, or any variant or derivative of it, if your innovation does not achieve a Qualifying Score.
    • If your innovation proceeds to contract, all subsequent use and rights will be governed exclusively by that formal agreement.
  4. Retention and Deletion
    • If your innovation does not achieve a Qualifying Score, all submitted materials will be securely deleted from our systems and from the platform periodically every 6 months.
    • During this period, your data will be stored in secure cloud infrastructure hosted by Microsoft in Switzerland and/or Europe, with full compliance with GDPR and other applicable UK and EU data protection laws.
  5. Confidentiality
    • We will treat all submissions as confidential. We and our subcontractors (including CBasS.com and Microsoft) are bound by confidentiality obligations and data processing agreements to safeguard your information.
  6. Data Protection and GDPR Compliance
    • By submitting your innovation, you agree that we may process your personal data (such as name, contact details, company, and other identifiers) for the limited purpose of evaluating your innovation.
    • Our processing is based on legitimate interest and your explicit consent as required under the UK General Data Protection Regulation (UK GDPR).
    • All data is encrypted in transit and at rest, hosted on Microsoft servers located in Switzerland, an adequate jurisdiction under the UK GDPR.
    • You may contact us at contact@thefactor-y.com to access, rectify, or erase your personal data at any time.
    • For full details on how we handle your data, please refer to our Privacy Policy com.
  7. Limitation of Liability
    • You shall indemnify us and all of our affiliates, partners, subsidiaries, employees and contractors, and hold us all harmless from any claim, loss, damage, cost, expense (including legal expenses) or other liability that we suffer or incur as a consequence of any third party claims against the Intellectual Property you have submitted whether or not any such liability was foreseeable.
    • Notwithstanding any other provision of these terms, our liability to you for death or personal injury resulting from our negligence (or that of our employees, agents or sub-contractors) shall not be limited. Save as stated in the preceding sentence:
    • our entire liability to you in respect of any breach of our contractual obligations, breach of warranty, representation, statement or tortious act or omission including negligence arising under or in connection with these terms shall be limited to the amount (if any) paid by you to us under these terms; and
    • we shall not be liable for any indirect or consequential loss you may suffer even if the loss was reasonably foreseeable, or the possibility of such loss advised.
  8. Acceptance of Terms

☐ By ticking this box, I confirm that I have read and understood the above Pre-Contractual Terms and agree to be bound by them. I understand that my innovation will be assessed for eligibility and that no contract or rights will arise unless and until a separate agreement is signed following a Qualifying Score.