By making an application for the program you represent, warrant, undertake, confirm and agree with us on behalf of yourself and the legal entity for which you applied the following:

  1. In this document, the term (i) ‘you’, ‘your’, ‘yourself’, shall mean to include the legal entity as well as its authorised persons, jointly and severally applying for participation in the accelerator program; and (ii) ‘us’, ‘our’, ‘ourself’ means GGV Managerial Services Private Limited; and program means the accelerator program which you have applied to us;
  2. That you have made true, accurate disclosures about you, your legal entity and your business along with the application for participation in the program;
  3. That you confirm that there is no suppression or omission of any facts or details or data or information which will impact our decision on you being considered for selection;
  4. That you confirm your understanding that this application does not assure or confirm your selection for the program;
  5. That you confirm your understanding and agree that your eligibility for being part of the program will be analysed by us, and any selection will be based on such analysis, and shall further be at our sole discretion. Further, you agree that you shall not have any claim against us for any rejection or termination from the program;
  6. That the status of your selection for the program will be intimated on the email provided by you on the best effort basis within [number of days] of the application. In the absence of such a communication from our end confirming your selection, kindly be informed that you are not selected. We will not be required to make any intimations or will not be required to give any reasons;
  7. That by submitting this application, you confirm that your business, products, processes and policies are in accordance and compliance with applicable laws and industry standards. That you also confirm that you have not breached any of the applicable laws, particularly, laws governing intellectual property rights, data protection laws etc;
  8. That you understand that the details, data, information submitted to us may be shared with third parties which include but not limited to mentors, jury members, consultants, advisors, services providers etc., and also will be used for preparation of reports, study materials, research papers, plans, business write-ups, videos, presentation materials. Any confidential information which you wish to protect shall be informed explicitly to us for execution of non-disclosure agreement from such third parties and by us. Any execution of such non-disclosure agreement shall be proposed by you in advance in writing to us before you sharing the same. We reserve our right not to execute any such agreement without assigning any reasons, and the further course in such scenario will be as per mutual discussions.
  9. That you will be required to adhere to (i) the terms and conditions (as may be amended from time to time) applicable to the program; and (ii) execute documents as may be required from time to time for the same, failing which your selection shall be cancelled by us by making an intimation to you through your email provided at the time of application. We will not be liable or obligated for any damages or cost or any negative impact suffered by you due to such termination;
  10.  That you understand that we will not be required to reimburse you for any cost or expenses and you confirm that you shall not be eligible to raise any claim on us for reimbursement or towards any damages or any loss which you may suffer;
  11. That you shall not deal with any person other than our representative duly allocated to you by us in writing for any aspects of the progra. That you shall not make any payments to any persons including the said representatives as we will not be charging any of the applicants for the program;
  12. That you undertake and agree to indemnify us, our employees, advisors, agents, consultants fully against any direct or indirect, losses, damages, costs, liabilities and expenses (including without limitation legal expenses) incurred or suffered arising out of any breach or non-performance by you or your legal entity participating in the program of any of your undertakings, warranties or obligations hereunder;
  13. That you are duly authorised to act on behalf and undertake the above as per applicable laws on behalf of your legal entity participating in the program. Any undertaking and commitment made by you (including the above) shall be binding in nature on your legal entity participating in the program;
  14. That you agree that courts in Bangalore shall have exclusive jurisdiction on the matter. Further, disputes, if any arise, shall be resolved through mediation, and in case if the same is not resolved the matter shall be referred to a sole arbitrator appointed by [GMC] and the place of arbitration shall be at Bangalore, language of Arbitration shall be English, and applicable governing law shall be the laws of the Republic of India.