CHIVAS REGAL THE VENTURE 2017 COMPETITION

LOCAL TERMS & CONDITIONS

United kingdom (the “uk”)

OVERVIEW

  1. "The Venture" is a global competition being run by Chivas Brothers Limited, a company incorporated in Scotland with company number SC268758 (the "Promoter") to find businesses that wish to have a positive impact on society (the “Competition”).

  1. The Competition has two phases:

      1. Phase 1 (the “Local Competition”) will find winners in participating countries including the UK. Applications for the Local Competition will be accepted from 5 September 2016 until 30 November 2016 with a local winner being selected no later than 16 January 2017. Phase 1 shall be governed by the Local Terms & Conditions (the “Local Terms”) and administered by the local promoter under the laws of England and Wales.

      1. Phase 2 (the “Global Competition”) will have the country winners competing against each other and comprises two stages:

        1. attendance at an accelerator week in March/April 2017; and

        2. attendance at a live event to take place in July 2017.

Dates and locations for the Global Competition are to be finalised. Phase 2 shall be governed by the Global Terms and Conditions (the “Global Terms”). All applicants in the Local Competition are required to agree to the Global Terms when they enter the Competition. The Global Terms are subject to the laws of England and Wales and the exclusive jurisdiction of the English courts.

  1. In the UK the Local Competition is being run Pernod Ricard UK Limited, a company registered in England (company number 1870414) whose registered office is at 12 Chiswick Park, 566 Chiswick High Road, London, W4 5AN (the “Local Promoter”). The Local Promoter is legally responsible for all aspects of the Local Competition.

ELIGIBILITY

  1. No purchase is necessary to enter or win the Local Competition.

  1. By entering the UK Local Competition you agree to these Local Terms. If you do not agree you must not enter the Competition.

  1. The UK Local Competition is open to:

      1. any for-profit legal entity (an “Entrant”) that is duly established under the laws of the UK has its principal place of business in the UK and is conducting business in the UK; and

      1. is seeking a positive impact or benefit to society or the environment; and

      1. generates no more than US$1.5 million (or local currency equivalent) in annual revenues; and

      1. is either at the Discovery, Validation or Growth Stage in accordance with paragraph 7.

  1. The Entrant must be either at Discovery, Validation or Growth Stage. Entrants shall be required to self-certify which stage they are at in the entry process and may be required to provide evidence of this upon request by the Local Promoter.

      1. Discovery Stage: means the Entrant is focusing on the problem / solution fit (i.e. is in development of a working prototype but has no paying customers as yet);

      1. Validation Stage: means the Entrant is focusing on the product / market fit (i.e. has a working prototype or minimum viable product and is either ready for market entry or already has some paying customers);

      1. Growth Stage: means the Entrant is focusing on scaling an already validated proposition (i.e. shows significant user traction and sales).

  1. Please note because the Local Promoter and the Promoter are alcohol companies, the Competition is not open for applications from businesses which:

      1. solely or primarily involve the marketing or selling of products or services to those under the age of 18; or

      1. relates solely or primarily to the provision of or promotion of alcohol, addiction services or related products (eg: smoking).

  1. Entries shall be submitted by an employee of the Entrant who is aged 25 years or older. They shall, for purposes of the Competition, be deemed an authorised representative of the Entrant (the "Representative"), unless an alternative person is appointed as representative of the Entrant at the point the local finalists are first contacted by the Local Promoter (in which case that person shall be the Representative). The term “Entrant” shall include both the company and the company’s Representative, unless the context otherwise requires.

  1. The Competition is not open for entry by the following:

      1. the immediate families (which includes parents, children, spouses or siblings and their respective spouses, regardless of where they reside), and

      1. those living in their same households, whether or not related

of the Local Promoter or the Promoter, nor of the Promoter, its parent, affiliates, subsidiaries and advertising and promotion agencies, are not eligible to enter or win on behalf of themselves and/or any legal entity in which they have a substantial ownership interest.

  1. If at any stage in the Competition the Local Promoter or the Promoter is informed or discovers that the Entrant or Representative does not meet the criteria in paragraphs 6 to 10 above, the Local Promoter or the Promoter may disqualify the Entrant with immediate effect.

  1. By entering the Local Competition the Entrant is agreeing, should it win the Local Competition, to be bound by the Global Terms which govern the next phase of the Competition. The Representative may be required to provide a signed copy of the Global Terms upon request.

KEYDATES FOR LOCAL COMPETITION

The UK application process opens 09.00 BST on5 September 2016
Applications for UK close 23.59 GMT on 30 November 2016
Shortlisted candidates contacted & interviewed w/c 12 December 2016
Finalists confirmed w/c 12 December 2016
Finalists attend final event in London w/c 9 January 2017
UK Local Winner selected and notified by 16 January, 2017

THE ENTRY PROCESS 

  1. Entrants need to complete the application form on the www.theventure.com and supply the stated materials.

  1. As part of the entry process, Entrants will be required to:

      1. complete a set of questions on the application form; and

      2. provide two business references. The Local Promoter may contact the referees as part of its assessment of the Entrant and its business.

  1. Business Confidentiality. The Local Promoter does not solicit nor do they wish to receive any confidential or secret information or material from the Entrant through the Competition in any way. Any information or material submitted by the Entrant will be deemed not to be confidential or secret.

  1. The Local Promoter reserves the right to conduct further background checks on the Entrant, the Representative and their business idea. This may include without limitation, civil and criminal court records and police reports on the Entrants, Representatives and entity directors. By entering the Competition, Entrant’s give the Local Promoter permission to conduct such background and financial/criminal checks and if necessary shall provide such written authorisation as may be required to allow these to be carried out.

  1. Promoter reserves the right, at its sole discretion, to disqualify any Entrant that fails to authorise such checks or if, based on the results of the checks, the Local Promoter determines in its sole discretion that the Entrant is not a suitable candidate to participate in the Competition, including, without limitation, because the Entrant’s participation in the Competition might reflect negatively on the Local Promoter and/or the Promoter or their related group companies.

  1. Warranties by the Entrant. The Entrant warrants that:

      1. its business does not and will not violate the rights of any third party;

      1. the Entrant has never been convicted of fraud, been bankrupt nor any of its directors disqualified as a company director;

      1. the Entrant and its directors has not and will not carry out any act or omission which may or does bring the Local Promoter or Promoter into disrepute;

      1. the Entrant and its business has and will at all times comply with the Pernod Ricard Code for Commercial Communications.

  1. Data Protection: The Local Promoter will process any personal data collected as part of the entry process in accordance with the local privacy policy available at http://www.pernod-ricard-uk.com/privacy-policy and global privacy policy (available on https://www.theventure.com/global/en/legal/privacy-policy.

  1. Entrants should not enter unless they are available to travel and attend the Global Competition dates and are prepared and able to comply with the terms and restrictions of the Global Terms if they are the UK Final Winner.

THE SELECTION AND JUDGING PROCESS

  1. All valid entries received will be assessed against the details on the application form and other information requested and then shortlisted and judged by a panel of judges containing at least one independent local advisor (the “Judges”) and according to the following broad criteria.

      1. Market opportunity and size;

      1. Demonstrable impact: measurable current or potential social or environmental impact and a model that can scale;

      1. Sound business model and organizational strategy;

      1. Financial feasibility and sustainability: can earn revenue;

      1. Skills, experience and commitment of management team.

  1. Stage 1 Initial screening, moderation & application assessment process: The applications will be subject to an initial screening by the Judges based on the above criteria. The applications of approximately the top 50% of Entrants based on rankings will be further assessed by the Judges and an independent Global Social Business Analyst selected by the Promoter.

  1. Stage 2: Interview of top candidates: Approximately 10% of the top candidates remaining will be interviewed by the selected representatives of the Local Promoter either by video, telephone or in person depending on their location.

  1. Stage 3: Selection of “Local Finalists”: The Local Finalists will be interviewed by the Judges and by selected representatives of the Local Promoter at a location in London during the week of 9 January 2017. On the basis of the interview, together with all information and facts received prior, a Local Winner will be selected by the Judges. The Local Promoter will reimburse Local Finalists for reasonable return travel and food expenses up to the value of £150.00. Local Finalists must retain proof of expenses and original receipts for reimbursement. Refreshments will be provided throughout the day.

  1. Stage 4: Confirmation of “Local Winner”: The Local Finalists may be interviewed again by the Judges and by selected representatives of the Local Promoter, either by video, telephone or in person depending on their location. On the basis of the interview, together with all information and facts received prior, a Local Winner will be selected by the Judges. The Local Winner shall be contacted by post, telephone and/or email by no later than 16 January 2017.

  2. If attempted notification using all the contact details supplied by the Local Finalist at time of entry are returned as undeliverable, or if a Local Finalist cannot be verified within the time required, or if a Local Finalist is otherwise unable to accept their status as a Finalist, cannot attend the Final or is otherwise ineligible, their selection as Local Finalist will be forfeited and an alternative Finalist, may be selected from reserves judged at the same time at the Local Promoter's sole discretion.

  1. The above stages are referred to as the “Selection Process”. Any application that is found, at any time during the Selection Process, not to be in compliance with these Terms and Conditions or that otherwise contain prohibited or inappropriate content as determined by the Local Promoter, in its sole discretion, will be disqualified. The Local Promoter shall have sole and final determination as to which applications are eligible to take part in the competition and no correspondence will be entered into.

MARKETING AND PROMOTION

  1. All Entrants must agree to participate in any reasonable promotional and publicity activities to be determined by the Local Promoter and Promoter. Such activities could include the use of the Entrant’s business name, address, trademarks and logos, the Representative’s name, photographs, voice and/or other likeness for advertising, trade and promotional purposes without further compensation, in all media now known or hereafter discovered, worldwide in perpetuity, without notice or review or approval.

THE PRIZE 

  1. The UK Final Winner shall receive:

      1. £10,000 (ten thousand British pounds) payable by cheque in the name of the Entity; and

      1. A trip for the Representative to attend The Venture Accelerator Week in March/April 2017 comprising of:

        1. return economy flights from the UK;

        2. accommodation in a four-star hotel as specified by the Promoter;

        3. airport transfers at destination;

        4. Transfers to and from accelerator events;

        5. All meals during the Accelerator Week;

      1. A trip for the Representative to attend The Venture Final Pitch in July 2017 comprising:

        1. return economy flights from the UK;

        2. accommodation in a four-star hotel as specified by the Promoter;

        3. airport transfers at destination;

        4. All meals during the duration of their stay.

  1. The Local Competition winner must pay the cost of transport to and from his/her originating airport, travel insurance, any other travel related costs not specified above (including without limitation excess baggage charges, obtaining passports and visas), and for any other costs or expenses not specified above. Note, any room service and mini-bar charges at the hotel will be at the expense of the Representative.

  1. All reservations and travel arrangements shall be with suppliers selected by the Local Promoter in its sole and absolute discretion. All arrangements must be made through a travel agent selected by the Local Promoter. Travel dates once arranged are not changeable and non-transferrable. Airline tickets are non-refundable, non-transferable, and are not valid for upgrades.

  1. The prize may not be substituted, replaced or combined with any other offer and travel may not qualify for frequent flyer miles. The prize is not assignable, substitutable or transferable by the Local Competition Winner.

GENERALCONDITIONS

  1. The Local Promoter is not responsible for:

      1. entries or other communications which are misdirected, lost, delayed, damaged or corrupted during delivery to or from the Local Promoter due to any computer malfunction, virus, bug, delay, erroneous or any other reason whatsoever;

      1. lost, interrupted or unavailable network, server, telecommunications, Internet Service Provider (ISP), website, or other connections;

      1. computer hardware or software malfunctions, failures or difficulties;

      1. any incorrect or inaccurate information, whether caused by human error, site users, tampering, hacking, or by any equipment or programming associated with or utilised in the Competition;

      1. for injury or damage to Entrants' or to any other person's computer related to or resulting from participating in the Competition or downloading materials from or use of the Competition website; or

      1. other errors or difficulties of any kind, whether human, mechanical, electronic, computer, network, typographical, printing or otherwise, relating to or in connection with the Local Competition including, without limitation, errors or difficulties which may occur in connection with the administration of the processing of applications, the judging process, the announcement of the Local Competition semi-finalists, winner or in any related materials.

  1. Persons who tamper with or abuse any aspect of the Competition or any linked website or who are in violation of these Local Terms, as solely determined by the Local Promoter, are liable to be disqualified and all associated entries will be void.

  1. The Local Promoter reserves the right (i) at its sole discretion to suspend, modify or terminate the Selection Process at any time and for any reason, (ii) at its sole discretion to amend these terms and conditions at any time, and (iii) to withdraw part or all of the Competition if it cannot be operated as envisaged, or cannot be operated as envisaged without disproportionate expense.

  1. Entrants, by participating, agree that to the extent permissible under applicable law the Local Promoter, the Promoter, their parent, affiliates, subsidiaries and advertising and promotion agencies and all of their respective officers, directors, employees, representatives and agents (collectively, "Released Parties") will have no liability whatsoever for, and shall be held harmless by Entrants against, any liability, for any injuries, losses or damages of any kind, including death, to persons, or property resulting in whole or in part, directly or indirectly, from acceptance, possession, misuse or use of the prize or participation in the Competition including the Selection Process.

  1. The Entrant shall indemnify the Local Promoter and the Promoter from any and all claims, liabilities, costs and expenses arising in any way from a breach of the Entrant's obligations, warranties or representations under these Local Terms or in any way given as part of the Competition.

  1. Legal Jurisdiction: The first phase of this Competition shall be governed by the laws of England and Wales and the exclusive jurisdiction of the courts of England.

  1. The name of the UK Winner will be announced after 16 January 2017 on the global Competition website at www.theventure.com.

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