Non-Disclosure Agreement (NDA)

Ascent Incubator | ascentincubator.com

Effective Date: 02/01/2025
Last Updated: 02/01/2025

This Non-Disclosure Agreement (“NDA”) is incorporated into the Terms and Conditions of Ascent Incubator (“Company”) and applies to all students, entrepreneurs, participants, mentors, and users (“Participant” or “You”) who register for and engage with the Innovation Ascent Incubator Program (“Program”).

By accepting the Terms and Conditions during registration, you agree to be legally bound by this NDA.

1. Purpose

The purpose of this NDA is to:

  • Ensure that all confidential business ideas, intellectual property, and proprietary information shared within the Ascent Incubator Program remain protected.
  • Foster an environment of trust, respect, and collaboration among participants, mentors, and the Ascent Incubator community.
  • Protect Innovation Ascent LLC, the legal entity operating Ascent Incubator, from unauthorized disclosure, misuse, or exploitation of program materials, business strategies, and proprietary frameworks.

For more details about how Ascent Incubator protects intellectual property, see our Intellectual Property and Brand Ownership Policy.

2. Definition of Confidential Information

For the purpose of this NDA, “Confidential Information” includes, but is not limited to:

  • Business Ideas & Startups: Any startup concepts, business plans, or proprietary ideas shared by participants.
  • AI-Powered Tools & Business Frameworks: AI-generated strategies, automation tools, and proprietary incubator resources.
  • Mentorship & Private Discussions: Conversations with mentors, coaches, investors, and fellow participants.
  • Financial Data: Revenue projections, cost structures, or funding strategies.
  • Proprietary Educational Materials: Course content, templates, videos, and resources provided by Ascent Incubator.

Confidential Information does not include:
✅ Publicly available information at the time of disclosure.
✅ Information independently developed without access to the Program.
✅ Data disclosed legally by a third party without obligation of confidentiality.

3. Obligations of Participants

By enrolling in the Ascent Incubator Program, you agree to:

  • Keep all Confidential Information private and not disclose it to any third party.
  • Not copy, distribute, or share proprietary incubator materials for commercial or personal gain.
  • Use Confidential Information only for your entrepreneurial development within the Program.
  • Report any unauthorized disclosure of confidential data immediately to legal@ascentincubator.com.

🚨 Violations of this NDA may result in immediate termination of access to the Program and possible legal action.

For a full understanding of how Ascent Incubator manages user data and confidentiality, please review our Privacy Policy.

4. Intellectual Property Rights

4.1 Ownership of Business Ideas

✅ Any business ideas, innovations, or intellectual property you develop during the Program remain your sole property.

4.2 Ownership of Program Content

🚫 However, all educational materials, AI tools, frameworks, and incubator resources remain the exclusive property of Ascent Incubator and are protected under U.S. Copyright Law, the DMCA, and international intellectual property treaties.

For further details on intellectual property rights, refer to our Intellectual Property and Brand Ownership Policy.

5. Duration of Confidentiality Obligation

This NDA remains in effect for the duration of your participation in the Program and continues for a period of two (2) years after your exit from the Program, unless otherwise agreed in writing.

6. Legal Exceptions & Required Disclosures

Confidential Information may only be disclosed if legally required by law, court order, or governmental authority. If disclosure is necessary, you agree to:

  • Notify Ascent Incubator in advance of any required disclosure.
  • Limit the disclosure to the minimum required by law.

To understand our commitment to legal compliance and dispute resolution, refer to our Legal Disclaimer.

7. Breach of Agreement & Consequences

🚨 If you violate this NDA, Ascent Incubator reserves the right to:

  • Immediately suspend or terminate your Program access.
  • Pursue legal action to recover damages for breach of confidentiality.
  • Issue cease-and-desist notices for unauthorized disclosure or content sharing.

Violations of this NDA may also forfeit any certificates, credentials, or benefits received from the Program.

8. Refunds & Program Cancellation

  • 🚫 If you violate this NDA, you will not be eligible for a refund.
  • ✅ If you request account cancellation but have adhered to all policies, your data will be removed according to our Refund and Returns Policy.

9. Governing Law & Dispute Resolution

This NDA is governed by the laws of the State of Massachusetts, USA.

In case of disputes:
✅ Participants must first attempt resolution through good-faith negotiations.
✅ If unresolved, disputes shall be settled via binding arbitration in Boston, MA.
✅ Class-action lawsuits are not permitted.

For full terms related to governing law, see our Terms and Conditions.

10. Acceptance of NDA

By registering for the Innovation Ascent Incubator Program and accepting the Terms and Conditions, you acknowledge and agree to comply with this Non-Disclosure Agreement (NDA).

🚨 Failure to comply with this NDA may result in termination of access and legal consequences.

11. Contact Information

For any questions or legal inquiries related to this NDA, contact:

📧 Email: legal@ascentincubator.com
🌐 Website: www.ascentincubator.com

At Ascent Incubator, we foster innovation through trust and confidentiality. Let’s build together!