TERMS & CONDITIONS FOR DONATE
This crowdfunding campaign agreement (hereinafter "Agreement") is a legal and binding contract between you (being an individual or an incorporated or unincorporated legal entity, partnership or otherwise) and Longstem Ltd., a company incorporated under the Companies Act, 2013 (hereinafter referred to as "Longstem Ltd."), setting out the terms and conditions for the crowdfunding campaign on its platform londonreal.party/terms.
- The definition of some of the terms used in this agreement are as follows:
a) "Campaign" : The campaign on londonreal.party where donors are able to make their contributions and where all the promotional materials (videos, images, information, graphics, etc.) reside.
b) "Funder" : Any individual, company, organisation, trust or any other entity that supports the campaign by contributing funds.
c) "Funding" : The financial contributions received from Funders towards the campaign.
d)"Funding Goal" : The financial aim or target of the campaign. This is defined as £1,000,000 for this activity.
e) "Funding Period" : The period for which the campaign is to be run pursuant to which funding can be made. The start date for the campaign is 11 Oct 2020 and the end date is 30 May 2021.
f) "Intellectual Property Rights" : means any and all now known or hereafter tangible and intangible rights associated with works of authorship, including but not limited to copyrights and moral rights; trademark and trade name rights and similar rights; trade secret rights; and all other Intellectual Property Rights of every kind and nature throughout the universe and however designated, whether arising by operation of law, contract, license, or otherwise.
i) "Platform" : The website londonreal.party is defined as the platform.
j) "Total Funds Raised" : The total value of Funding (net of any refunds of Funding) that the campaign has received at the end of the Funding Period.
k) "User" : Any person, company, organisation, entity, etc. which registers on londonreal.party.
l) "Visitor" : Any person, company, organization, entity, etc. which accesses any part of the website of londonreal.party.
m) Irrespective of whether the person chooses to contribute funds or not, they can show their support through sharing the campaign details on any media (including social media networks).
- Any amount of money will help Longstem Ltd. reach its campaign objectives and be able to fulfill the rewards promised. This means that the total funds raised will be transferred and handed over to Longstem Ltd. even if the pre-agreed funding goal is not met.
- Funding goal & period: The Funding Goal and the Funding Period of the campaign are stated above.
- Foreign funds: Foreign contributions may be made to the campaign such foreign contribution adheres to applicable UK laws and such contribution is received in accordance with applicable laws relating to foreign exchange.
- Campaign rewards: Longstem Ltd. offer rewards in the form of tangible items and intangible services to Funders as an incentive to contribute to the campaign. However, such rewards shall, under no circumstances whatsoever, be financial in nature (e.g. - profit share, revenue share, interest on amount contributed, ownership/equity stake in lieu of contribution, loans, investments, etc). It is clarified that the rewards are not offered for sale and Longstem Ltd. does not make any representations or give any warranties about the quality, safety, morality or legality of any such reward. Longstem Ltd. will not be responsible for any liabilities resulting from any Funder's dissatisfaction with respect to rewards fulfillment either with regard to quality of reward, delivery timelines or any other issue.
- Use of funds: Longstem Ltd. undertakes to use the funds collected through the London Real Party Website solely for activities described in the campaign.
- Campaign completion: Longstem Ltd. shall make best efforts to complete the campaign by the deadline specified. Longstem Ltd. shall at all times engage with and keep the Funders updated about the progress of the campaign, including the causes or reasons for any delays. Longstem Ltd. agrees to receive feedback on the campaign and its updates from the Funders and such feedback would be made available by Longstem Ltd. at its sole discretion to others subject to relevant data protection considerations.
- Campaign refusal / cancellation: Notwithstanding anything in this Agreement, Longstem Ltd. reserves the right, at its sole discretion, to decide as to who is eligible to use the Platform and reserves the right to change the eligibility criteria at any time. Longstem Ltd. reserves the absolute right to cancel or refuse any donation at any time with or without any reason whatsoever.
- Longstem Ltd.’s other rights:
a) Make any changes in its technology platform or services, at its sole discretion, at any time, without notice or liability;
b) Reject, cancel, interrupt, remove, or suspend the campaign at any time and for any or no reason;
c) Take whatever other action is required to perform and market the Platform and the services being offered thereon;
d) Allow its Users to stream, transmit, playback, download, display, feature, distribute, collect, rate campaigns after funding them and otherwise use the content on the Platform, including but not limited to those on the campaign page;
e) Remove any content from the website that it determines is offensive, unlawful, threatening, defamatory, obscene, or otherwise objectionable, which determination shall be at the sole and absolute discretion of Longstem Ltd.;
f) Limit or restrict access to all or parts of the Platform at any time and without any notice or liability whatsoever.
- Longstem Ltd. provides the website on an as-is basis and with no warranties of any kind, whether express, implied, or statutory, including but not limited to warranties of merchantability, title, accuracy, non-infringement, and ability to raise funds or use of funds.Notwithstanding anything in this agreement, Longstem Ltd. shall not be liable whatsoever to any Funder, User or any third party whosoever for any damage, injury or loss, including but not limited to loss of business; loss of income; indirect, special, incidental, consequential, punitive, exemplary or other similar loss or damages, arising from or in relation to the use or misuse of the Platform; or any breach of terms or non-performance of obligations under this Agreement; or in relation to the campaign; or any other reason whatsoever.
- Confidentiality: Longstem Ltd. acknowledges that the information, including, without limitation, any technical and financial information or information relating to any Funder or potential Funder that he/ she/ it has received or will receive in connection with this Agreement, is considered private and confidential (the "Confidential Information"). The Longstem Ltd. shall use all reasonable diligence and a high degree of care to prevent the unauthorized disclosure, reproduction or distribution of such Confidential Information to any other individual or entity.Confidential Information will exclude: (i) information that is already in the public domain; information already known to the receiving party, as of the date of the disclosure, unless the receiving party agreed to keep such information in confidence at the time of its original receipt; (ii) information hereafter obtained by the receiving party, from a source not otherwise under an obligation of confidentiality with the disclosing party: (iii) information that the receiving party is obligated to produce under order of a court of competent jurisdiction, provided that the receiving party promptly notifies the disclosing party of such an event so that the disclosing party may seek an appropriate protective order.
- Termination: Without prejudice to any other rights, Longstem Ltd. shall have the right to terminate this Agreement at any time, by giving the Funders a prior written notice by email of 7 days.
- Third party terms of use: Longstem Ltd. partners with other companies for payment processing and platform services. When a Longstem Ltd. features the campaign on the platform, Users also agree to the payment process or/and other partners' terms of service.
- Severability: The provisions of this Agreement are severable if any one or more such provisions shall be determined to be invalid, illegal or unenforceable, in whole or in part, and the validity, legality and enforceability of any of the remaining provisions or portions thereof shall not in any way be affected thereby and shall nevertheless be binding between the parties hereto. Any such invalid, illegal or unenforceable provision or portion thereof shall be changed and interpreted so as to best accomplish the objectives of such provision or portion thereof within the limits of applicable law.
- Longstem Ltd. are responsible for issuing receipts within 2-3 weeks of the funds being received to all funders. The campaign owner and also for giving feedback in a pre-agreed format on funds use only. This feedback has to be posted on the London Real Party Website so that all funders & participants in the school/ corporate/ group campaigns get to access it.
- Governing law and jurisdiction: This Agreement shall be governed by and construed under the laws of the United Kingdom.
- Amendments or modifications: Longstem Ltd. reserves the right to amend, modify, replace, or discontinue this Agreement or any or the whole of the Platform at any time and in its sole discretion without any notice or liability whatsoever.
- Read and understood: Users and Funders owner hereby acknowledges that he has read and understands this Agreement and agrees to be bound by its terms. The Campaign owner hereby also agrees to be bound by and comply with Longstem Ltd.’s Terms & Conditions and Privacy Policy, both of which shall, by implication, be deemed to be part of this Agreement.
- Effectiveness: This Agreement shall be effective and in full force from the time that the Users and Funders accept the terms of this Agreement.
- Other Agreements: This agreement is in addition to the Terms & Conditions and Privacy Policy of Longstem Ltd. and not in replacement thereof. The Terms & Conditions and Privacy Policy will continue to operate and bind Users and in case of any inconsistency, the opinion of Longstem Ltd. shall prevail.
BY CLICKING ON THE "DONATE NOW" BUTTON BELOW, YOU ARE CONSENTING TO BE BOUND BY AND ARE BECOMING A PARTY TO THIS AGREEMENT. IF YOU DO NOT AGREE TO ALL OF THE TERMS OF THIS AGREEMENT, DO NOT CLICK THE BUTTON.