The following agreement offers protection for your idea when you disclose it to us, even if you have not applied for a patent. Please read it carefully. If you don’t understand, consult a professional legal adviser. The Agreement is activated when you submit your idea. We look forward to helping you! It is understood and agreed that the parties to this agreement wish to provide the other with certain information that may be considered confidential. To guarantee the protection of the information and in consideration of the agreement to exchange said information, the parties agree to the following:

1. Confidential Information to be disclosed under this Agreement (“Confidential Information”) may be described as and includes: Technical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services current or future research and development, production, cost, profit and margin information, financials and financial projections, customers, customers, marketing and business plans and models, and will be maintained for five (5) years from the date of disclosure .

2. This Agreement does not impose any obligation on the parties with respect to any Confidential Information (a) in possession prior to its receipt; (b) is or becomes a matter of public knowledge through no fault of the receiving party; (c) is lawfully received from a third party who does not owe a duty of confidentiality; (d) is disclosed to a third party by, or with the authorization of, the disclosing party; or (e) is independently developed.

3. The FOUNDER understands and accepts that the anticipated discovery as a result of this Agreement will be with the intention that THE ENTREPRENEURS agree to act as a business partner of the FOUNDER to the extent, time and financial commitment that the parties agree after due diligence. THE ENTREPRENEURS do not act and will not act as an independent promoter, developer or marketer of any product or service. This due diligence is carried out with the intention, but without obligation, of the FOUNDER and THE ENTREPRENEURS to enter into a commercial agreement.

4. Any and all disputes will be submitted to binding arbitration. This Agreement is made under and shall be construed in accordance with the laws of the State of California. In the event of any dispute relating to this Agreement or the performance of this Agreement, any and all disputes must be resolved by arbitration in Los Angeles County.

5. THE FOUNDER guarantees and declares to THE ENTREPRENEURS that this Agreement is motivated by a commercial purpose and, as such, represents a commercial relationship, and not a consumer relationship. Therefore, the parties acknowledge that they have read and understood this Agreement and voluntarily accept the duties and obligations set forth herein. By clicking “submit” I understand that I am entering into a legally binding Agreement with Los Emprendedores to protect the confidentiality of my idea for review. I have been encouraged to consult with advisors of my choice before accepting this Agreement.

Agreed, “THE ENTREPRENEURS”

Agreed, “FOUNDER” disseminator of an idea