Why does your agreement have an audit provision?

Part of our success to date has been the confidence we have built up with our Solver community that they will not be taken advantage of by Seekers acquiring intellectual property (IP) without paying for it. The audit provision is important to demonstrate to our Solvers that we have a mechanism in place to protect their interests. If our Seekers are being fair and honest with the Solvers, the audit provision would not be needed. To date, there have been no incidences of audits having to be done as a Solver must identify specifically the Seeker who has stolen their IP. Again, the value of anonymity that InnoCentive provides for Seekers protects you from unwarranted Challenges to IP ownership or origination. All confidentiality provisions in the agreement apply to the review and it will be limited to the subject matter of the dispute.