Innova Madrid Club
Program Terms of Agreement


Code of Conduct
It is our job to provide you with an incredible learning opportunity. Our intention is that you meet some amazing people that you might actually start a company with, build relationships with coaches, and learn from your peers. The event is intended to be a collaborative forum for sharing, learning, building, and having fun. As such, by registering as a participant, you acknowledge that any ideas shared by you or anyone else over the course of the event are contributions to the overall experience and community. If you as a participant are worried about someone stealing your ideas, please reconsider your participation in the event itself or simply refrain from sharing specifics about your idea. As a member of your startup community, you agree to be inclusive of any and all people and their ideas. You agree to act professionally, treat everyone with respect, and treat the event facilities with proper care. You agree that you are responsible for any accidents or damages that you cause. You also agree to not hold Innova Madrid Club Event a VIVAIO LLC program, your local organizing team, or any of the event supporters liable for any loss, damage, injury, or any other unforeseeable incident


Legal Terms
By participating in the Innova Madrid Club a VIVAIO LLC program each Participant grants VIVAIO LLC and its licensees, successors and assigns a non-exclusive, perpetual, non-cancelable, royalty free, fully paid up, worldwide right and license to edit, modify, adapt, translate, exhibit, publish, transmit, participate in the transfer of, reproduce, copy, create derivative works from, distribute, perform, display and otherwise use all and/or any part of such Participant’s names, likenesses, photographs, voices and images of all persons referenced and/or appearing in materials generated at the event, without limitation, anywhere in the world in any form (tangible or intangible, permanent or ephemeral, including, without limitation, audio, video, print, electronic, written, and photographic) and via any transmission medium (including, without limitation, television, radio, Internet, and print) now existing or that may exist in the future for advertising, trade, promotion, publicity and other related purposes without compensation and without notice to or consideration, review or approval from Participant.

Each Participant further agrees to (i) be questioned or interviewed (whether in person or by other means such as email or phone), filmed and/or photographed and available for interviewing, filming, photography and for other public relations, marketing and promotional activities associated with the Event, as reasonably required and directed by Innova Madrid Club a Vivaio Program, (ii) allow Innova Madrid Club a Vivaio Program to make contact with the Participant (whether in person, by phone, email or otherwise) for the purpose of requesting further information from the Participant in relation to their participation or for any other purpose related to the Innova Madrid Club a Vivaio Program. Each Participant represents and warrants that neither its participation, nor Innova Madrid Club a Vivaio Program’s exercise of any of the rights granted to it under these Terms will (a) infringe or violate any rights of any third party or entity, including, without limitation, those relating to patents, copyrights, trademarks, trade secrets, moral rights, mask works, defamation, privacy, publicity, false light, misappropriation, confidentiality, and/or any contractual or other rights recognizable under any applicable law, rule, regulation, ordinance, judgment or decree (collectively, “Law”), or (b) otherwise violate any applicable Law.

All business and products ideas generated directly or indirectly by you the Participant , or from the team in which you will may or may not be involved, during the course of any of the Innova Madrid Club events, which are a VIVAIO LLC program, you the Participant have been or will be attending and within the 1 year following the event you attended and from which the business and or products ideas were generated from, is owned by VIVAIO LLC.

VIVAIO LLC will give you the Participant back intellectual property only for those business ideas and or products of which you the Participant will formally requirer ownership with the intent to implement them and to build a company out of them within 6 months following the event you attended and from which the business and or products ideas were generated from.

After 6 months from your request of ownership if any sign of implementation and or progress from are visible and no legal entity has been formed yet, VIVAIO LLC has the right to claim and be granted the Intellectual Property for those business ideas and or products of which you the Participant formally required previously ownership. During those 6 months you the Participant are not allowed to sale or give away your Intellectual property to any 3rd party without consulting VIVAIO LLC and VIVAIO LLC has the right of first refusal.

In the case that VIVAIO LLC and the angel investors from VIVAIO VENTURES LLC decide to invest into any or all of your business and products ideas generated during the the event Innova Madrid Club a VIVAIO LLC program, you the Participant will automatically receive ownership for the Intellectual Property of the specific business and products idea been selected by VIVAIO LLC and the angel investors from VIVAIO VENTURES LLC. VIVAIO LLC. and the angel investors from VIVAIO VENTURES LLC will than receive future equity in your company via the SAFE NOTE you the Participant and or your company will sign to receive the investment. Only and only when the SAFE NOTE for the investment it is signed by both parties, the ownership for the Intellectual Property of the specific business and products idea will be fully transferred to you the Participant.

Refund Policy
Innova Madrid Club is a VIVAIO LLC program. VIVAIO LLC do not offer refunds (due to the need to pre-purchase food/drink, supplies, activities, accomodation).