INTELLECTUAL PROPERTY RIGHTS POLICY

1. Overview

This Intellectual Property Rights Policy ("IP Policy”), together with the Terms governs your use of the IIMWALLAH DIGITAL PLATFORM, operated by IIMWALLAH INNOVATION LABS PRIVATE LIMITED (“IIMWALLAH”, "Company", “we”, “us” or “our”), and provides guideline to maintain absolute clarity on IPR related issues such as ownership, rights and obligation of employees and Company, rights and obligation of customers and Company, disclosure of work/invention, non-disclosure of confidential information, liabilities in case of misappropriation of IP or resolution of IP related disputes strategically

Intellectual property (IP) is one of our most valuable assets. We rely on various types of intellectual property (such as trademarks, patents, copyrights, trade secrets, domain names, design rights) for our success in the market. IP helps us stay competitive, allows us to fund future successes, and supports each of our jobs at the Company.

The Company has a consistent policy of identification of Company’s intangible assets, prioritising them according to Company’s business plans, registering, exploiting and safeguarding them in order to benefit fully from IP in terms of revenue, reputation and market share. The Company’s IP Policy also envisages protection and management of its own IP well, internally and with its business partners.

We also want to respect the IP of others as we develop our products and services, run our business, and work with business partners.

For clarifications, the term “Company” wherever used under this IP policy, shall include its Subsidiaries and Affiliates.

2. Purpose

We have adopted this Policy in order to protect its own IP and minimise the possibility of infringement of Intellectual Property rights of the Company and the third Parties. This IP Policy aims to provide transparent administrative system for the ownership, control and transfer of the IP created and owned by the Company.

3. Applicability

This IP Policy is applicable to all the employees, representatives and agents of the Company including its Subsidiaries and Affiliates.

4. Procedures and Records.

• Company shall respect intellectual property (IP) and conduct its business in compliance with the IP-related laws as applicable in the jurisdiction of Republic of India and its agreements with other companies.
• Company shall actively protect its own IP.

5. Risk Assessment

Company shall include in its risk assessment of new products, services, and business opportunities, any relevant IP protection risks.

6. Management of Business Partners

• Company shall require its business partners to conduct their arrangements with the Company in accordance with Company’s relevant IP protection policies.
• Company shall conduct initial risk assessment and due diligence on all prospective business partners, which shall include an assessment of such companies’ IP protection and management.

7. Corrective Actions

• In case of violation/infringement of any IPR such as trademark infringement by any employee/representative or any third party infringing upon the IPR of the Company, the Compliance Team of the Company would first investigate the matter in association with its Advocates and make recommendations to the Director(s)/Designated Leadership Team for resolution of such violation/infringement including need for any legal course of action.

8. IP Licensing and Transfer

• The Company may license its IP to any of its Subsidiaries, Affiliates or a third party(ies) through various modes of licensing strategy such as: Exclusive licensing, Sole licensing, Non-Exclusive Licensing, Sub-licensing and licensing in general. The Company shall document such IP licensing through a license Agreement where each such license agreement shall define the terms and conditions for the proper use of IP of the Company.
• The Company may transfer its IP to any of its Subsidiaries, Affiliates or a third party(ies) through a signed IP transfer agreement on the conditions as may be deemed to be fit and proper to the Company.

9. Changes to This Policy

We reserve the right to modify this Policy at any time. Changes will be effective immediately upon posting to the website.

10. Jurisdiction

This Policy shall be governed by the laws of Republic of India and the courts at GB Nagar, UP shall have the jurisdiction to the same.