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The Layman's Guide to the Terms & Conditions

Please note that the summaries below do not constitute, and are not intended to constitute, legally binding rights and obligations - they are merely summaries of the relevant legal documents which are available here:

Please ensure that you read and understand each of the above documents prior to using this site or Idea Bounty's services.

By using this site and/or Idea Bounty's services, you acknowledge that you have read and understand the above documents and that you agree to be bound by the terms and conditions so far as they relate to you.

Creative Terms and Conditions

The Creative Terms and Conditions govern the Creative's relationship with Idea Bounty and the Creative must agree to the Creative Terms and Conditions before using the site or any of the services offered by Idea Bounty. The Creative must be a natural person (i.e. a boy or girl, but not a company or any other corporate entity whatsoever).

The Creative Terms and Conditions regulate the manner in which the Creative submits Ideas to Idea Bounty and the mechanism by which they are allocated to relevant Briefs, as well as the procedure according to which Bounties are paid in respect of Winning Ideas. All Bounties will be paid by the Client directly to Idea Bounty, which will collect the Bounties for redistribution to the relevant Creatives.

In order to claim a Bounty for an Idea that is selected to be a Winning Idea, the Creative will be required to assign (or cede, legal terms which refer to the "transfer" of intangible objects like intellectual property) the Idea to the relevant Client. The Creative and the Client will also be required to sign an Assignment Agreement, which will provide documented proof of the Creative's assignment to the Client.

Owing in large to the sensitive nature of intellectual property rights, the Creative is required to make certain promises, or "warranties", relating to his/her Idea. In general terms, the Creative is required to promise (or "warrant") that the Idea is entirely original to the Creative in all respects, is the product of the Creative's work and the Creative's work alone and that it has not been previously used or displayed in any way. The warranties are more fully set out in the Creative Terms and Conditions. These warranties are necessary to protect the Client from unwanted attack by third parties who might try to claim entitlement to a Winning Idea (or a part of the Idea) after the Client exploits a Winning Idea in respect of which it has already paid a Bounty.

Please note that not all of the provisions of the Creative Terms and Conditions are discussed in this broad outline. Each Creative must read, understand and agree to the Creative Terms & Conditions prior to using the site or Idea Bounty's Services.

Client Terms and Conditions

The Client Terms and Conditions govern the Client's relationship with Idea Bounty and the Client must agree to the Client Terms and Conditions before using the site or any of the services offered by Idea Bounty.

The Client Terms and Conditions regulate the manner in which the Client submits Briefs to Idea Bounty, the mechanism by which Briefs are posted on the site and the procedure for payment of Bounties by the Client in respect of Winning Ideas.

Once the Client has selected a Winning Idea in respect of a Brief, it will pay the Bounty (plus a service charge equal to the Bounty) to Idea Bounty, who will collect the Bounty on behalf of the Creative. In return, the Creative will assign (or cede, legal terms which refer to the "transfer" of intangible objects like intellectual property) the Idea to the Client. The Client and the Creative will then be required to sign an Assignment Agreement, which will provide documented proof of the Creative's assignment to the Client.

Additionally, the Client will permit Idea Bounty to use the Client's intellectual property relating to a relevant Brief to facilitate the provision of Idea Bounty's services (including advertising and hosting the Brief on the site) and for the purposes of advertising Idea Bounty's services on the site.

Please note that not all of the provisions of the Client Terms & Conditions are discussed in this broad outline. Each Client must read, understand and agree to the Client Terms and Conditions prior to using the site or Idea Bounty's services.

Assignment Agreement

Once a Winning Idea has been selected by a Client, the Client and the relevant Creative will each receive a copy of the Assignment Agreement containing their respective details and a unique reference to enable both parties to clearly identify and gain access on the site to the Winning Idea, a detailed record of which we will retain.

The signed Assignment Agreement will constitute documentary evidence of the arrangement between the Creative and the Client in terms of which the Creative agrees to assign the Winning Idea to the Client and, in return, the Client agrees to pay the Bounty.

The Creative must sign the Assignment Agreement on his/her own behalf and a duly authorised person must sign on behalf of the Client (unless the Client is also a natural person, in which case the Client may sign on his/her own behalf). Once Idea Bounty has received signed copies of the Assignment Agreement from each of the Creative and the Client and once the Client has paid the Bounty and Idea Bounty's service fee in full, Idea Bounty will forward to each party a copy of the Assignment Agreement as signed by the other.

Please note that not all of the provisions of the Assignment Agreement are discussed in this broad outline. Each Client and Creative must read and understand the terms and conditions of the Assignment Agreement prior to using the site or Idea Bounty's services.

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