We are always pleased to hear from entrepreneurs and researchers. However, business plans and/or concept summaries that you submit might be similar or even identical to a plan previously submitted to us. When we refer to a ‘submission’ in this paragraph, we mean: any concept, business plan, product/service description, comment, or suggestion (including, but not limited to, intellectual property, ideas, products, or services, know-how, concepts, and suggested changes) sent to ARCH Venture Partners.

Only electronic submissions with be accepted. If you send us any submission, you agree as follows:

All such submissions are non-confidential and non-proprietary and will be treated as non-confidential and non-proprietary.

ARCH Venture Partners takes reasonable steps to protect submissions from loss, misuse, and unauthorized access, disclosure, alteration, or destruction. However, no Internet or e-mail transmission is ever fully secure or error free. E-mail and their related attachments sent to ARCH Venture Partners may not be secure. Therefore, you should take special care in deciding what information you send to us via the Internet or e-mail. Please keep this in mind when disclosing any Personal Data, confidential or proprietary submissions to ARCH Venture Partners via the Internet or e-mail.

By sending ARCH Venture Partners submission, you hereby grant ARCH Venture Partners a perpetual right to distribute and share with its subsidiaries, affiliated companies, limited partners, consultants, strategic partners, and contractors in any media formats and through any media channels whether now known or hereafter developed, as part of our business plan and intellectual property evaluation process; and while we appreciate your submissions, we are under no obligation to evaluate, review, or use any submission.

Indemnity

You agree to defend, indemnify and hold harmless ARCH Venture Partners, its subsidiaries and affiliated companies, and their officers, directors, employees, partners, contractors, representatives, agents, and third party providers from and against any and all claims, causes of action, damages, obligations, losses, liabilities, costs or debt, and expenses (including reasonable attorneys’ fees and costs) and all amounts paid in settlement arising from or relating to, breach of these Terms or violation of any laws. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter for which you have agreed to indemnify us, and you agree to assist and cooperate with us as reasonably required in the defense or settlement of any such matters.