Who owns the ideas that are entered in the competition?
As explained in the competition rules, by submitting your entry, you grant HopeLab an option to acquire a non-exclusive license to any ideas and inventions described in your entry. If HopeLab chooses to exercise this option, HopeLab will pay your team $250. HopeLab may exercise this option even if your entry is not selected for a competition prize. This option expires one year from the date on which Ruckus Nation winners are announced. This means that your team still owns the ideas or inventions described in your entry, but HopeLab will have the option for one year after the winners are announced to pay your team $250 for the right to use these ideas. In order to be named a Category Winner and receive the $25,000 prize, all members of your team will be required to sign an agreement that transfers all intellectual property rights related to your entry and idea to HopeLab. Please see the competition rules for additional details.
