Terms & Conditions

Businesses in Metaverse Programme
A partnership between Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) and Youniverse Games Sdn. Bhd.


1. Programme Description

The Businesses in Metaverse Programme (“the Programme”) is an initiative by Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) to onboard Malaysian businesses into the metaverse. The Programme is implemented in partnership with Youniverse Games Sdn. Bhd., the developer and operator of the Yooca metaverse platform.

Definitions:

By submitting an application to participate, the Applicant agrees to the following Terms and Conditions.


2. Participants Eligibility Criteria

Eligibility Criteria

(a). Company

i. Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016;

ii. Active and minimum of fifty-one percent (51%) equity held by Malaysian(s).  

 

OR  

 

(b). Enterprise/Sole Proprietorship/Partnership:

i. Registered in Malaysia under Registration of Business Act 1956 or The Trades Licensing Ordinance 1948 (Sabah) or The Businesses, Professions and Trading Licensing  

Ordinance (Sarawak); and

ii. Active and a minimum of fifty-one percent (51%) ownership belongs to Malaysian(s).

 

OR

(C). Limited Liability Partnership  

i.Registered in Malaysia under Limited Liability Partnerships Act 2012; and

ii. Active and a minimum of fifty-one percent (51%) ownership belongs to Malaysian(s).

The Applicant is not a common shareholder in the Yooca metaverse platform (Youniverse Games Sdn. Bhd.).

Must be the legal owner of the business’s brand.


3. Participation Scope


4. Content Guideline

By participating in this Programme, the Applicant and Youniverse Games Sdn. Bhd  agree not to develop and publish any materials on the Yooca platform that are or may be interpreted as:

MDEC reserves the right to remove or reject any content deemed inappropriate.


5. Intellectual Property Declaration


6. License to Use Business Assets

      6.1  Deployment and Promotional Use

The Applicant grants MDEC and Youniverse Games Sdn. Bhd. a non-exclusive, royalty-free, global license to use the submitted business assets (including but not limited to logos, mascots, product images, and promotional materials) for the following purposes:

  1. Development, deployment, and in-platform display of its metaverse experience inside the Yooca platform;
  2. Promotion, education, and public showcasing of the experience during the program period;
  3. Inclusion in official communications, reports, and event exhibitions.

This license is valid until 31st December 2026, except where continued use is required to maintain:

6.2  External Use by the Applicant


7. Ownership of Created Content

7.1 Business-Specific Assets

7.2 Platform Components


8. Monetization and Revenue Share


9. Responsibilities of the Applicant


10. Confidentiality


11. Termination


12. Force Majeure


13. Programme Audit and Reporting


14. No Agency Relationship


15. Disqualification


16. Modifications


17. Data Privacy and Consent