I, the undersigned am voluntarily submitting to Knowledge Network Corporation (KNC) the Proposal with the understanding that this release is a prerequisite before KNC will review the Proposal. I hereby acknowledge and agree as follows:
- that I am the sole creator, owner and controller of the Proposal. I have the full and exclusive right to submit the Proposal to KNC and no other person or corporation has any right, title or interest in the Proposal inconsistent with my rights to develop and license the Proposal. I acknowledge that the Proposal is not defamatory and does not infringe upon or violate the privacy rights, copyrights, trademark, publicity or other intellectual or proprietary rights of any third party.
- that no agreement exists, written or oral, express or implied, between I and KNC concerning the Proposal, other than this release. KNC has not made any promise or representation to me about the Proposal and has no obligation to use the Proposal in any way.
- that I will not be entitled to any compensation for KNC to make use of any such similar or identical idea or other creative work. I acknowledge that KNC will give the Proposal only the consideration that KNC in its sole and absolute discretion determines is appropriate.
- that I have retained a copy of the Proposal and agree that KNC has no obligation to return the Proposal to me. I release KNC for from any liability for loss or damage to the Proposal. I agree that KNC does not accept any obligation of confidentiality with respect to the Proposal and has the right to copy, use, and distribute the Proposal for the purpose of its evaluation and review.
- that I will indemnify and hold harmless KNC, its officers, employees and agents against all claims, actions, demands, damages, losses, liabilities, and costs whatsoever arising out of any breach or violation of any representation made by me in this release.