Builders Cohort | Innovation Labs

1. Acceptance of Terms

By accessing or using the Builders Cohort portal operated by Innovation Labs & Ventures ("Innovation Labs", "we", "us"), you agree to be bound by these Terms of Service. If you do not agree, do not use the platform.

2. Eligibility

You must be at least 18 years old and capable of entering into a binding agreement. By creating an account, you represent that you meet these requirements.

3. Account Registration

You are responsible for maintaining the confidentiality of your account credentials and for all activities under your account. You agree to provide accurate, current, and complete information during registration.

4. Member Obligations

Members agree to participate in good faith, provide accurate information, respect intellectual property, comply with platform processes, log contributions honestly, and maintain professional conduct.

5. Intellectual Property

Builders retain ownership of their project intellectual property. Specialists retain rights to pre-existing tools and methodologies. Work product created during project engagements belongs to the project entity. Innovation Labs retains its equity position as defined in individual project agreements.

6. Equity & Compensation

Equity allocations are defined in individual project agreements. No equity is granted by virtue of membership alone. Equity vests according to the schedule in each project agreement. The platform does not guarantee any financial return.

7. Acceptable Use

You may not: share credentials with non-members, scrape or redistribute platform data, solicit members for competing services, misrepresent your skills or contributions, or engage in harassment or abusive behavior.

8. Confidentiality

All members are bound by the Non-Disclosure Agreement signed upon joining. Confidential information includes project details, business strategies, equity terms, and member data. See the NDA for full terms.

9. Termination

Either party may terminate membership with 30 days written notice. Innovation Labs may immediately suspend access for violations. Vested equity is retained per project agreements. The NDA survives termination.

10. Dispute Resolution

Disputes shall first be addressed through good-faith negotiation. If negotiation fails, disputes shall be submitted to binding arbitration in Detroit, Michigan under AAA rules. The prevailing party is entitled to reasonable attorney fees.

11. Limitation of Liability

Innovation Labs shall not be liable for indirect, incidental, or consequential damages. Total liability shall not exceed the amount of compensation received by the member through the platform.

12. Changes to Terms

We may update these Terms with 30 days notice. Members will be required to accept updated terms before continuing to use the platform. Continued use after acceptance constitutes agreement to the updated terms.

13. Governing Law

These Terms shall be governed by the laws of the State of Michigan.

14. Contact

For questions about these Terms, contact us at info@innovationlabs.ventures.