Engagement Terms

When signing up to list on the Platform, you are agreeing to the engagement terms detailed below. These terms are binding on you from the date of submitting your campaign to the crowd2fund team on our platform.

1. LEGAL TERMS

1.1  The following terms are intended to be legally binding on you and Crowd2Fund.

2. CONFIDENTIALITY

2.1  Each of you and Crowd2Fund undertakes that it shall not at any time disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party or of any member of the group of companies to which the other party belongs, except as permitted by the below.

2.2  Each of you and Crowd2Fund may disclose the other party's confidential information:

  • to its employees, officers, representatives or advisers who need to know such information for the purposes of carrying out the party's obligations under this agreement and the legal documentation referred to above. Each of you and Crowd2Fund shall procure that its employees, officers, representatives or advisers to whom it discloses the other party's confidential information comply with this clause 1; and
  • as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.

2.3  Neither you nor Crowd2Fund shall use the other party's confidential information for any purpose other than to perform its obligations under this agreement.

3. EXCLUSIVITY

3.1  In consideration for the time, expense and effort being undertaken by Crowd2Fund in investigating your business and reviewing its suitability for listing on the Platform, you undertake during the period from the date when you have submitted your campaign to the date falling 3 months after (the “Exclusivity Period”) you undertake not to list, or submit your business for listing on any other crowdfunding platform during the Exclusivity Period.

3.2  You acknowledge and agree that Crowd2Fund will spend considerable time and money in respect of preparing your business for listing on the Platform. You agree with Crowd2Fund that the approximate cost to Crowd2Fund of this work on arms length commercial terms is £2000 and that this amount represents a reasonable estimate of the cost of performing the work incurred and to be incurred by Crowd2Fund. You agree that Crowd2Fund may in its sole and absolute discretion require payment from you of an amount equal to its costs in preparing your business for listing not to exceed £2000 by way of liquidated damages in the event that you breach the exclusivity described above and fail to complete a campaign on the Platform.

4. ACCURACY OF INFORMATION

4.1  You represent and warrant to Crowd2Fund that you have provided and undertake to provide accurate information at all times to Crowd2Fund and that you have declared all previous investment which has occurred prior to the campaign being listed on the Platform.

4.2  You undertake to provide all information requested by Crowd2Fund in a timely and complete manner.

5. NO GUARANTEE OF SUCCESSFUL LISTING

5.1  You acknowledge and agree that Crowd2Fund must perform certain verifications and checks in order to comply with its regulatory obligations. In very rare circumstances, Crowd2Fund may not be able to proceed with a listing. You agree that Crowd2Fund shall not be liable to you for any loss, damage or costs incurred by you in respect of preparing for any listing on the Platform and/or any loss of profit or any other losses suffered by you by reason of the failure to list your campaign.

6. GOVERNING LAW

6.1  This agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales.

6.2  Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this agreement or its subject matter or formation (including non-contractual disputes or claims).

7. FEES

7.1  Our fees for listing on the platform are dependent on the amount of total funding raised, and are detailed above under specific product terms.

7.2  These fees apply only if the campaign successfully reaches its target amount, and all fees are deducted from funds at the time of drawing.

8. BREAK FEES

8.1  In the event that you decide not to proceed and list your campaign on the Platform after the date of this letter (in circumstances where you are not in breach of the Exclusivity provision detailed above), we will charge you a break fee of £2,000. [For the avoidance of doubt, payment of the break fee does not terminate the exclusivity detailed above which shall survive termination of this letter.]

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