2023 Pitch Fund Legal Terms and Agreement

1. Founders Fund Canada INC Pitch Fund Applicant Agreement

a. Grant Amount and Professional Services: Founders Fund Canada INC agrees to provide the Recipient with non-repayable grant funding in the following amounts: up to $7,000 CAD, up to $2,000 CAD, or up to $1,000 CAD. Additionally, the top recipient will receive optional, in kind, professional services valued at up to $5,000 CAD.

b. Purpose of Funding: The grant funds shall be used exclusively for supporting the recipients business in any way they deem appropriate at their discretion.

c. Eligibility Criteria: To qualify for this grant and professional services, the Recipient must meet the following criteria:

1. Be at least 18 years of age or older
2. Identify as a woman and/or non-binary
3. Have an active bank account that accepts wire transfers should I be selected as a funding recipient
4. Own at least 51% or more of their business OR be able to well present their business that is in ideation stage (not yet launched)

d. Verification of Ownership: Finalists who claim to own 51% or more of their business will be required to provide proof of shareholder ownership upon request by Founders Fund Canada INC.

e. Interview Agreement: Finalists agree to be interviewed after the pitch event by Founders Fund Canada INC. The interview may be published online.

f. Liability Waiver: Founders Fund Canada INC assumes no liability for the use or misuse of the grant funds or the outcomes of the professional services provided to the Recipient.

2. General Terms:

a. Governing Law: This agreement shall be governed by and construed in accordance with the laws of [Specify the jurisdiction, e.g., the Province of Ontario, Canada].

b. Entire Agreement: This agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings, whether written or oral.

c. Amendments: Any amendments or modifications to this agreement must be in writing and signed by both parties.

d. Termination: Either party may terminate this agreement with written notice if the other party breaches any material provision of this agreement.

e. Dispute Resolution: Any disputes arising out of or related to this agreement shall be resolved through arbitration in accordance with the rules and procedures of [Specify the arbitration organization, if applicable].

f. Execution: This agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same agreement.