Grant Application Form
This Grant Application Form is to help you, the “Grantee”, apply for a grant from Insperanto to support you with protecting more intellectual property. Insperanto’s mission is to “inspire innovation”, and we do it by providing financial support for innovators to file more patents.
By signing this Grant Application Form you confirm that you have read and agree to all of the Grant Terms and Conditions found below, and that you give consent for Insperanto to share your Grant Application Form with Insperanto Partner Counsels for the purpose of assessing your IP and evaluating the possibility of awarding you with a grant. You may retract this consent at any point in time.
Grant Terms & Conditions
By completing and signing the above Grant Application Form, you (the “Grantee“)
acknowledge and agree to be bound by the following terms and conditions (the“Terms”) governing the grant offered by Insperanto Ltd, a company registered in the United Kingdom (#12172027) with the registered address 124 City Road, London EC1V 2NX, UK (the “Insperanto“). The making of a grant is subject to your acceptance of all of these Terms. The Grantee and Insperanto are individually referred to as “Party” and collectively as “Parties“.
THE GRANT
1. After the Grantee completed the Grant Application Form, Insperanto will decide whether to award a grant to the Grantee (the “Grant”) providing financial support to the Grantee, reimbursing all or some of the professional patent drafting fees related to new priority/provisional applications, national patents, and/or PCT applications (the “Application/s”)
2. Should Insperanto award the Grant, then the total value of the Grant shall be:
- a. 50% of Insperanto Partner Counsel (defined below) patent drafting fees up to the maximum of $5,000, per Application.
- b. The total value of the Grant awarded in the first 12-months shall not exceed US$25,000 per Insperanto Partner Counsel (defined below) the Grantee chooses to work with.
SELECTING INSPERANTO PARTNER COUNSELS (IPCS)
3. Insperanto will recommend counsel(s) for the Grantee to choose from. The Grantee is exclusively responsible to vet any counsel recommended by Insperanto, including applying its own background checks, and evaluating the counsel’s specializations, competency, qualifications, and fees. Should the Grantee not be satisfied with any initial recommendations, Insperanto will endeavor to recommend additional alternative counsels. The Grantee understands that recommended counsels will often be existing/potential customers of Insperanto’s patent foreign filing and translation services.
4. Counsels that are both recommended by Insperanto, and chosen by the Grantee, are considered an approved counsel referred to as the “Insperanto Partner Counsel/s” or IPC/s”. The Grant only applies to IPCs approved by both Parties.
5. Once a counsel is mutually approved by both Parties and becomes an IPC, either Party can retract their approval without requiring the agreement of the other Party by providing 5 days advance notice via email. Upon retraction of approval by any Party, any Grant issued or to be issued for the retracted IPC is automatically considered invalidated, null and void, from the date of retraction.
6. The Grantee is always free to choose to work with any counsel of their choice, however, the Grant will only be awarded if the Grantee agrees to use an IPC.
GRANT PROCESS AND PAYMENTS
7. The Grant only applies to patent drafting fees charged by IPC(s) for new and bespoke Applications, and does not apply to any other IPC charges including, inter alia, paralegal fees, PTO Official Fees, disbursement fees, translation fees, maintenance fees, foreign associate fees, litigation fees, bank fees, currency fees, or taxes charged by IPC(s) or any other party.
8. When ordering the first Application with a new IPC the Grantee will not request a discount.
9. Before paying any IPC Invoice, the Grantee must send a copy of the IPC Invoice to
Insperanto and obtain prior email confirmation from Insperanto that it qualifies for the Grant. Insperanto will use its best endeavors to confirm the same within 7 days of
receiving each Invoice. Insperanto retains full discretion to decide if an IPC’s invoice is eligible for Grant.
10. Once an IPC Invoice is approved by Insperanto and the Grantee has paid the IPC Invoice, the Grantee must send the following documents to Insperanto:
- a. A copy of the payment receipt for the IPC Invoice.
- b. The Grantee’s invoice addressed to Insperanto stating the Grantee’s nominated bank account and payment details.
11. Upon receipt of the documents referred to in Clause 10, Insperanto will transfer the Grant to the Grantee’s nominated bank account within 60 days.
INDEMNITY
12. The Parties both agree:
- a. That neither Party is liable or responsible in any way whatsoever for the services provided by any IPC or counsel whatsoever;
- b. To indemnify and hold harmless the other Party against any claims, damages, consequences, or regulatory breachesincurred by any Party, asthe direct or indirect result of the Grant, or the service quality, activity and/or professionalconduct of any IPC or counsel, or the client-attorneyrelationship between the Grantee and anyIPC
and counsel; AND, - c. That each Party is solely responsible for managing their own taxation, regulatory and compliance duties related to Grant payments.
CONFIDENTIALITY
13. Parties shall not disclose any confidential information concerning the business, affairs, intellectual property, trade secrets, customers or suppliers of the other Party, or these Terms, with any third party. The exception is that Parties may disclose the other Party’s confidential information on a need-to-know basis for the purpose of carrying out the obligations under these Terms and as may be required by law, and upon such disclosure each Party shall ensure the receiving third party shall abide by this term. A Party’s confidential information does not include information that is or in the future becomes public knowledge, or that which is lawfully obtained by the other Party, or developed by the other Party, without reference to the confidential information.
14. The Grantee agrees not to share the details of these Terms with anythird party unless prior approval is received from Insperanto.
15. The Grantee consents for Insperanto to disclose and share confidential information about the Grantee in the above Grant Application Form with any counsel to help Insperanto source/recommend potential IPCs for the Grantee.
GENERAL TERMS
16. Rights: The Terms do not give Insperanto anyrights of any kind, now or in the future, over the Grantee or its intellectual property.
17. Compliance & Regulations: Grantee shall comply with all applicable laws, regulations, and policies governing the use of the Grant, including but not limited to, financial/accounting procedures, reporting requirements, and ethical standards.
18. The Grantee allows Insperanto to displaytheir name and logo in marketing materials and on the website as a sponsored entity. The Grantee can revoke this permission anytime by providing 10-days written notice via email. Insperanto is not required to retrieve or
destroy any previously printed or circulated materials if consent is withdrawn.
19. Termination: Either Party may at anytime and without any penalty whatsoever, terminate these Terms by providing 30 days prior written email notice to the other Party. Following
termination by either Party all terms under ‘Indemnity’, ‘Confidentiality’ and ‘General
Terms’ sections of these Terms shall survive.
20. Insperanto reserves the right at any time to modify, suspend, or terminate the Grant, or any Grant fundscommitted byInsperanto, for anyreason whatsoever by providing at least 30 days prior written notice. In such cases, the Grantee is not required to return any Grant
funds already received from Insperanto.
21. Disputes: Any dispute arising out of or in connection with these Terms, or relating to any non-contractual obligations arising out of or in connection with these Terms, shall be referred to and finally resolved by one arbitrator under the rules of London Court of
International Arbitration. The LCIA Court shall select and appoint the presiding arbitrator.
22. Jurisdiction: The seat, or legal place, of arbitration shall be London, United Kingdom. The language of such proceedings shall be English.
23. These Terms are the complete agreement between the Parties, replacing all prior written and verbal agreements or understandings regarding the subject matter. Any changes to these Terms must be in writing and signed by the Parties as an amendment specifically
referencing these Terms.
24. These Terms have been duly executed on the date the Grantee hassigned the above Grant Application Form.
