Xtended App Incubator 2011
- Xtended Incubator
- Terms and Conditions
Terms and Conditions
Xtended App Incubator terms and conditions in plain English.
These terms are provided here for informational purposes only. They reflect the spirit of the actual legal contract that you will be required to sign upon selection.
- Upon selection, you will have to sign an actual legal contract for the Xtended App Incubator program
- Along with the contract you will be required to submit specifications and timelines for the application you will develop
- The contract will require you to fully develop the application per the specification and to onboard it to the Xtended Marketplace for commercial sale
- Marketplace terms (signed separately) will include a revenue sharing agreement and an agreement to support your own application
- Your developed application may also be offered and sold outside of the Marketplace to BroadSoft customers with due permission from BroadSoft
- The application and its intellectual property will remain with you
- We agree not to contract another developer to build the app while you are in good standing in the Xtended App Incubator program
- We agree not to build a similar competing applications on our own while your are in good standing in the Xtended App Incubator program
- BroadSoft will have rights to promote you and your application in our materials
Funding and promotional schedule will be as follows:
- Funding amount will be decided upon selection and will range from $3K to $10K depending on your needs and the complexity of the application
- 25% of the agreed funding to be paid upon completion of design
- 50% of funding paid upon completion of development and onboarding
- 25% upon completion of testing and launch on Marketplace
- If for any reason you are unable to complete all the phases, you will forfeit any future payouts of the funding amount. In addition you may be required to grant BroadSoft rights to complete the development of the application and commercialize it.