General Terms and Conditions (GTC) for Crowdfunding Project "Locker Setups in Dubai"

1. Introduction

These General Terms and Conditions (GTC) govern the participation of investors in the crowdfunding project "Safe deposit box installations in Dubai" (hereinafter referred to as the "Project"). By participating in the project, you agree to be bound by these terms. The operator and initiator of the project is [your company] (hereinafter referred to as the "provider").

2. Project description

The aim of the project is to set up and operate lockers at various locations in Dubai. Investors have the opportunity to participate in the project with amounts ranging from USD 50 to a maximum of USD 50,000.

3. Eligibility Requirements

3.1 Minimum and Maximum Investment: Investors can participate with a minimum amount of USD 50 and a maximum of USD 50,000.

3.2 Eligibility: Participation in the project is open to natural and legal persons aged 18 and over.

3.3 Risk disclosure: Investors need to be aware of the risks associated with crowdfunding investing. A return is not guaranteed.

4. Investment Process

4.1 Registration: Investors must register through the crowdfunding platform and provide the required details.

4.2 Payment: Investments are made by wire transfer or credit card payment. The investment will only take effect after receipt of payment.

4.3 Confirmation: After receipt of the payment, the investor will receive a confirmation by e-mail.

 

5. Investor rights

5.1 Distribution of profits: Investors receive a share of the profits generated, according to the amount of their investment. Details on the distribution of the profits are regulated in the project contract.

5.2 Right to information: Investors have the right to be informed about the progress of the project. Regular reports are made available through the platform.

6. Repayment and return

6.1 Term: The investment period is [define a period, e.g. 2 years]. At the end of the term, the repayment of the invested capital plus any profits is made.

6.2 Repayment: Repayment will be made to the bank account specified by the Investor.

6.3 Return: There is no guaranteed return. The amount of the distributions depends on the actual income generated by the project.

 

7. Risks

7.1 Risk of loss: The investor accepts the risk that the invested capital may be lost in whole or in part.

7.2 Market risks: Factors such as economic developments, legal changes or unforeseen events may have a negative impact on project development.

 

8. Termination and withdrawal

8.1 Right of termination: A termination of the participation by the investor is not possible during the term of the investment.

8.2 Withdrawal by the Provider: The Provider reserves the right to terminate the project at any time before the financing goal is reached. In this case, the investments made will be fully refunded.

9. Liability

9.1 Disclaimer: The Provider is not liable for any loss or damage resulting from participation in the crowdfunding project, except in the case of intent or gross negligence.

9.2 Third-Party Liability: Vendor shall not be liable for the conduct of any third-party service providers or service providers operating within the scope of the Project.

 

10. Data protection

The collection and processing of personal data is carried out in accordance with the applicable data protection regulations. Details can be found in the privacy policy.

11. Choice of Law and Place of Jurisdiction

11.1 Choice of Law: These T&Cs shall be governed by the laws of the United Arab Emirates (UAE).

11.2 Place of Jurisdiction: The exclusive place of jurisdiction for all disputes shall be Dubai, UAE.

12. Final Provisions

12.1 Changes to the T&Cs: The Provider reserves the right to amend these T&Cs at any time. Investors will be informed of any significant changes.

12.2 Severability: Should individual provisions of these GTC be or become invalid, the validity of the remaining provisions shall remain unaffected.

 

By participating in the crowdfunding project, you confirm that you have read and accepted these Terms and Conditions.