Terms & Conditions

These Terms & Conditions (“Terms”) govern your access to and use of the IdeaNax platform (“Platform”) operated by IdeaNax Technologies Private Limited (“IdeaNax,” “we,” “us,” or “our”), a company incorporated under the Companies Act, 2013, with its registered office in Bangalore, Karnataka, India.

By registering an account, purchasing coins, submitting ideas, or otherwise using the Platform, you (“User” or “you”) agree to be bound by these Terms. If you do not agree, you must not use the Platform. These Terms constitute a legally binding agreement between you and IdeaNax.

1. Eligibility

To use IdeaNax, you must:

• Be at least 13 years of age (users under 18 require parental consent)
• Be a resident of India or legally permitted to transact under Indian law
• Provide accurate and truthful registration information
• Not have been previously banned or suspended from the Platform
• Agree to these Terms and our Privacy Policy

2. Account Registration and Security

2.1. You must register an account to use the Platform. You may register using your email address or Indian mobile number, verified via OTP.

2.2. You are solely responsible for maintaining the confidentiality of your login credentials and for all activities that occur under your account.

2.3. You must notify us immediately at support@ideanax.com if you suspect unauthorized access to your account.

2.4. You may not create more than one active account. Creating multiple accounts to circumvent coin requirements or submission limits may result in permanent ban.

2.5. IdeaNax reserves the right to terminate accounts that contain inaccurate information or violate these Terms.

3. Coin System and Purchases

3.1. The IdeaNax platform operates on a coin-based economy. Coins are virtual credits used exclusively for idea submissions within the Platform.

3.2. Coins are purchased through Razorpay using Indian Rupees (INR) at the prices displayed on the Platform at the time of purchase.

3.3. COINS ARE STRICTLY NON-REFUNDABLE. Once coins are purchased, they cannot be refunded, reversed, or exchanged for cash under any circumstances, including but not limited to: account deletion, platform changes, idea rejection, or dissatisfaction with the service.

3.4. Coins do not expire and have no cash equivalent. They cannot be transferred between accounts.

3.5. IdeaNax reserves the right to modify coin pricing and plans at any time. Changes apply prospectively; previously purchased coins retain their nominal value.

3.6. Fraudulent payment attempts will result in immediate account suspension and may be reported to law enforcement.

4. Idea Submission

4.1. Each idea submission costs 5 coins, deducted from your account balance at the time of submission. Coins used for submission are non-refundable regardless of the outcome.

4.2. You agree that all ideas you submit are:

• Your original work and do not infringe any third-party intellectual property rights
• Not confidential information belonging to any employer, institution, or other party
• Not previously published, patented, or publicly disclosed
• Not defamatory, obscene, illegal, or in violation of any applicable laws

4.3. You are solely responsible for ensuring that your idea submission does not violate the rights of any third party.

4.4. INTELLECTUAL PROPERTY TRANSFER: By submitting an idea and having the submission fee (coins) deducted from your account, you irrevocably, unconditionally, and exclusively assign, transfer, and convey to IdeaNax all rights, title, and interest in and to the submitted idea, including without limitation:

• All copyrights, patents, trade secrets, and other intellectual property rights
• The right to use, modify, adapt, reproduce, distribute, publish, license, sublicense, create derivative works from, and commercially exploit the idea in any form or medium
• The right to file for patent, copyright, or other intellectual property protection
• The right to sell, assign, or transfer any of the foregoing rights to third parties

This transfer is effective upon submission, is worldwide, royalty-free, perpetual, and irrevocable. You waive all moral rights to the extent permitted by applicable law.

4.5. Any unauthorized reuse, republication, redistribution, resale, or disclosure of an idea submitted to IdeaNax — whether in original or modified form — may constitute copyright infringement and/or breach of these Terms. IdeaNax reserves the right to pursue legal action including injunctive relief and damages.

4.6. IdeaNax reserves the right to reject any submission at its sole discretion, including for reasons of poor quality, insufficient detail, lack of originality, or violation of these Terms.

5. Review Process

5.1. Submitted ideas undergo review by IdeaNax's panel of experts. Review may take 3–14 business days depending on volume and complexity.

5.2. The decision to approve or reject an idea is at the sole discretion of IdeaNax. Our decision is final and binding.

5.3. Feedback provided upon rejection is for guidance only and does not constitute an obligation to approve future submissions on the same topic.

5.4. IdeaNax does not guarantee any specific approval rate or review timeline.

6. Earnings and Wallet

6.1. Approved ideas earn monetary rewards credited to your IdeaNax wallet. The amount is determined solely by IdeaNax at our discretion based on quality, originality, market applicability, and category.

6.2. Wallet balances are denominated in Indian Rupees (INR) and represent a credit on the Platform. They are not deposits or investments and do not earn interest.

6.3. IdeaNax reserves the right to revoke wallet credits if fraud, misrepresentation, or violation of these Terms is discovered after crediting.

6.4. Upon account deletion, any wallet balance above ₹500 will be processed for withdrawal within 30 days. Balances below ₹500 will be forfeited.

7. Withdrawals

7.1. Wallet funds may be withdrawn to an Indian bank account via NEFT/IMPS/RTGS or to a UPI ID registered in India.

7.2. Minimum withdrawal amount: ₹500. Withdrawals below this threshold are not permitted.

7.3. Platform fee: 5% of the withdrawal amount is deducted as a platform service fee. For example, a ₹1,000 withdrawal results in a net payment of ₹950.

7.4. Withdrawal requests are processed within 1–5 business days. IdeaNax is not responsible for delays caused by banking systems or network failures.

7.5. You are responsible for providing accurate and valid bank account or UPI details. IdeaNax is not liable for payments made to incorrect accounts provided by you.

7.6. IdeaNax may request KYC verification before processing withdrawal requests above certain thresholds, as required under Indian financial regulations.

7.7. Taxes on earnings (including TDS) will be deducted as required by the Income Tax Act, 1961 and applicable regulations.

8. Platform Rights and Restrictions

IdeaNax grants you a limited, non-exclusive, non-transferable, revocable license to use the Platform for its intended purpose. You agree NOT to:

• Reverse engineer, decompile, or disassemble any part of the Platform
• Scrape, crawl, or harvest data from the Platform using automated tools
• Attempt to gain unauthorized access to any system or network connected to the Platform
• Use the Platform for any unlawful purpose or in violation of applicable Indian laws
• Impersonate any person or entity or falsely represent your affiliation
• Submit false, misleading, or plagiarized ideas
• Attempt to manipulate the review process through any means
• Share your account credentials with any third party

9. Account Termination

9.1. Termination by IdeaNax: We reserve the right to suspend or terminate your account, with or without notice, for any violation of these Terms, fraudulent activity, or at our sole discretion. Upon termination, your coin balance is forfeited and non-refundable.

9.2. Termination by User: You may delete your account from Settings. Upon deletion, your personal data will be handled per our Privacy Policy. Wallet balances above ₹500 will be processed for final withdrawal; coins are forfeited.

9.3. Intellectual property already transferred through idea submissions is not affected by account termination.

10. Disclaimer of Warranties

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY LAW, IDEANAX DISCLAIMS ALL WARRANTIES INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

IDEANAX DOES NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. WE DO NOT GUARANTEE THAT ANY PARTICULAR IDEA WILL BE APPROVED OR THAT ANY SPECIFIC EARNING AMOUNT WILL BE ACHIEVED.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE INDIAN LAW, IDEANAX AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND LICENSORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING FROM:

• Your use of or inability to use the Platform
• Rejection of your idea submission
• Unauthorized access to or alteration of your transmissions or data
• Technical failures, service interruptions, or data loss
• Any other matter relating to the Platform

IN NO EVENT SHALL IDEANAX'S TOTAL CUMULATIVE LIABILITY TO YOU EXCEED THE AMOUNT YOU HAVE PAID TO IDEANAX IN THE 6 MONTHS PRECEDING THE CLAIM.

12. Indemnification

You agree to defend, indemnify, and hold harmless IdeaNax and its officers, directors, employees, and agents from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising from:

• Your violation of these Terms
• Your violation of any third-party intellectual property rights in submitted ideas
• Your use of the Platform in violation of applicable laws
• Any claims by third parties that your submitted idea infringes their rights
• False or misleading information provided during registration or submission

13. Dispute Resolution and Governing Law

13.1. Governing Law: These Terms and any disputes arising from them shall be governed by and construed in accordance with the laws of India, without regard to conflict of law principles.

13.2. Jurisdiction: The courts of Bangalore, Karnataka, India shall have exclusive jurisdiction over any disputes arising from these Terms or your use of the Platform.

13.3. Informal Resolution: Before initiating formal legal proceedings, you agree to first contact IdeaNax at legal@ideanax.com to attempt an informal resolution. Both parties agree to negotiate in good faith for 30 days.

13.4. Arbitration: If informal resolution fails, disputes shall be resolved through binding arbitration under the Arbitration and Conciliation Act, 1996 of India. The arbitration shall be conducted in English in Bangalore, Karnataka, by a single arbitrator mutually agreed upon by both parties.

13.5. Class Action Waiver: You waive the right to participate in class action lawsuits or class-wide arbitration against IdeaNax.

14. Force Majeure

IdeaNax shall not be liable for any delay or failure to perform resulting from causes beyond our reasonable control, including natural disasters, government actions, internet infrastructure failures, cyberattacks, pandemics, or other events of force majeure.

15. Severability

If any provision of these Terms is found to be unenforceable or invalid by a court of competent jurisdiction, that provision shall be limited or eliminated to the minimum extent necessary so that the remaining Terms shall continue in full force and effect.

16. Entire Agreement

These Terms, together with the Privacy Policy and any other policies incorporated by reference, constitute the entire agreement between you and IdeaNax regarding the Platform and supersede all prior agreements, representations, and understandings.

17. Amendments

IdeaNax reserves the right to modify these Terms at any time. Material changes will be communicated via email or Platform notification at least 15 days in advance. Continued use of the Platform after the effective date constitutes acceptance of the amended Terms.

18. Contact Information

For questions about these Terms, please contact:

• Legal: legal@ideanax.com
• Support: support@ideanax.com
• Address: IdeaNax Technologies Private Limited, Bangalore, Karnataka, India