As a condition for receiving our $250,000 grant under the Justice Innovation Prize
( the “Prize”), Dream.Org will require the individual Prize-winner as well as the winner’s
company that receives our funding to enter into a legal agreement with Dream.Org
(the “Agreement”). The Agreement will address the terms and conditions under which
our grant funding must be used in carrying out the work described in the winner’s
application for the Prize.
In this Overview, we provide a summary of the key provisions of the Agreement, so that
prospective applicants will have a sense of what will be required of them if they win the
Prize and accept the grant. This Overview is not the Agreement itself. Grant funds will
not be paid unless and until the Agreement is signed, regardless of whether the Prize
award has already been announced.
Use of Funding: Because Dream.Org is a charity, our grant funding must be used
exclusively for charitable purposes. Awarding the Prize means that Dream.Org has
determined that the winning proposal will meet this qualification. Accordingly, the
company, as the recipient of our grant funding, will be required to use grant funds only for
the project described in the Prize-winning application. There will also be prohibitions on
using grant funds to conduct lobbying, to intervene in political campaigns, or to violate
laws.
Reports: To help ensure that grant funds are used only for permitted purposes, we will
require reports at the six-month mark after you or the company have received funding, as
well as upon completion of the project. Each report must contain (1) a description of the
progress you have made in realizing the project; (2) a financial accounting of your
expenditure of grant funds; (3) copies of any publications resulting from the grant; and
(4) a report on your compliance with the Agreement.
Recordkeeping: You must keep adequate records to substantiate your expenditure of
grant funds and maintain these records for at least four years after all grant funds have
been spent. You will also need to make these books and records available to Dream.Org
at reasonable times for review and audit, and comply with all reasonable requests of
Dream.Org for further information.
Media Rights: The Agreement will require you to give Dream.Org a fee-free license to
publish written accounts of the project as well as to use all media assets you develop for
the project. Also, media assets must be submitted to Dream.Org for review, and
Dream.Org will have the right to adapt, arrange, and rearrange them, and/or to combine
them with other materials, as well as to use the name, likeness, and voice of the Prize
winner in our materials concerning the project. Dream.Org will give you a limited right to
use the Dream.Org name in certain non-commercial publicity materials relating to the
project.
Miscellaneous Provisions: The Agreement also contains standard provisions requiring
an indemnification of Dream.Org if we suffer any losses resulting directly or indirectly from
your acts or omissions, except to the extent Dream.Org was responsible. We will also
require a separate release of liability on your own part. Additionally, you will be required
to warrant to us that you will comply with ethical business practices, including compliance
with anti-corruptions law and the disclosure of any government ties.
Remedies: Among other things, Dream.Org will have the right to require you to repay
any of our grant funds used in violation of the Agreement
Remedies: Among other things, Dream.Org will have the right to require you to repay any of our grant funds used in violation of the Agreement.
