Donation Terms

1. INTRODUCTION

1.1  These terms and conditions (the “Donation Terms”) set out the terms on which each User of the Donation Services uses such Services.

1.2  These Donation Terms are part of the User Terms and should be read in conjunction with the other applicable documents making up the User Terms in particular the Website Terms and the Privacy Policy.

2. DEFINITIONS

2.1  Capitalised terms not otherwise defined herein shall have the meaning given in the other documents that make up the User Terms.

2.2  The following capitalised terms used herein shall have the following meanings:

  • Campaign Closing Date: the date set by C2F by which the campaign must reach the Target Amount. C2F may extend this date in its sole and absolute discretion.
  • Donation: a Support Contribution given by a Donor to a Campaign Creator in relation to a Campaign.
  • Donor: a person who wishes to make a Support Contribution to a Campaign.
  • Support Contribution: a pledge of money or services to the Campaign Creator by a Donor.

3. DONATING TO A CAMPAIGN

3.1  If a Donor wishes to make a Donation to a Campaign, it may make a Donation:

  • (a) where no mandatory amount for any Donation is set out in the Campaign Description, in any amount in excess of the Minimum Contribution; or
  • (b) where a mandatory amount for any Donation is set out in the Campaign Description, in any amount which is an exact multiple of such mandatory amount.

3.2  In order to make a Donation, the Donor must ensure that its Wallet contains funds at least equal to the Support Contribution.

3.3  When the Donor makes a Donation, the Support Contribution shall be transferred from the available funds in its Wallet to the Crowd2Fund Escrow Wallet.

3.4  In the event that the Target Amount has been met or exceeded by the Campaign Closing Date, the Support Contribution shall be credited from the Crowd2Fund Escrow Wallet to the Campaign Creator’s Wallet.

3.5  In the event that the Target Amount is not met prior to the Campaign Closing Date, the Support Contribution shall be transferred from the Crowd2Fund Escrow Wallet back to the Donor’s Wallet.

3.6  Making a Donation to a Campaign does not grant any Donor any rights, title or interest in any Campaign or any Campaign Creator. For the avoidance of doubt, this means that a Donor does not become entitled to any share or profit share in any Campaign and is not granted any right to use, exploit or licence any Intellectual Property Rights owned by the Campaign Creator or any third party in the Campaign.

4. CROWD2FUND FEES

4.1  Crowd2Fund shall be permitted to deduct from the aggregate Support Contributions remitted to the Campaign Creator in accordance with clause 3 above, the Crowd2Fund Fees.

4.2  Crowd2Fund shall be permitted to deduct any VAT and/or other applicable sales taxes chargeable in respect of the Crowd2Fund Fees.

5. ANTI-MONEY LAUNDERING

5.1  Crowd2Fund shall perform credit checks, ICO and ID verifications (via third party suppliers) on all Campaign Creators and Donors. Campaign Creators shall not receive any funds until all anti-money laundering checks have been performed on each Campaign.

6. DISCLAIMER AND LIABILITY

6.1  Crowd2Fund does not accept any responsibility for anything stated by a Campaign Creator, whether in the Campaign Description or otherwise. In the event that a Campaign Description submitted by a Campaign Creator is deliberately misleading or unlawful, that Campaign shall be cancelled and any money pledged shall be immediately transferred from the Crowd2Fund Escrow Wallet back to the Donor’s respective Wallets.

6.2  Crowd2Fund’s due diligence into a Campaign Creator is limited only to the Campaign Description and ensuring that the company is in existence and registered at Companies House. Crowd2Fund makes no warranty or representation and assumes no liability in respect of the Campaign Creator or the content of any Campaign Description.

6.3  Donors acknowledge and agree that Crowd2Fund does not provide any advice or recommendations in relation to Donations.

6.4  Crowd2Fund is not liable for any damages or loss incurred relating to Campaigns. Both Campaign Creators and Donors acknowledge and agree to release Crowd2Fund, its officers, employees, agents and successors from any legal claim, whether known or unknown, arising out of their use of the Website or any Campaign.

6.5  All dealings are solely between Campaign Creators and Donors. Crowd2Fund is not obligated to get involved with any dispute between a Campaign Creator and Donors in any and all circumstances.

7. GENERAL

7.1  Campaign Creators are advised not to take any action in reliance on a Campaign reaching the Target Amount until they have the ability to draw the funds from their Business Wallet.

7.2  Crowd2Fund reserves the right to cancel/reject a Donation from a Donor for any reason and at any time.

7.3  Crowd2Fund reserves the right to cancel, interrupt, suspend and remove a Campaign for any reason and at any time. Crowd2Fund shall not be liable for any damages as a result of any action taken under this clause.

7.4  Nothing in these Donation Terms is intended to or shall be deemed to, establish any partnership or joint venture between any of the parties or constitute any party the agent of another party.

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