Terms of Use – YoungFundr

Terms of Use

 

  1. Introduction:

 YoungFundr is the trading name of YoungFundr LTD, therefore any mentions of the “Site” is in accordance to the YoungFundr website.

YoungFundr LTD is a rewards-based crowdfunding platform connecting project owners with project backers (contributors).

There are two types of users on the site: project owners and project backers.

For project owners, there is an application process that must be submitted before sending the campaign over to the YoungFundr team to check before being published live. Therefore, there is no guarantee that campaigns will be posted on the site.

The application process is a great opportunity to check your campaign is not incorrect and is suitable for the site.

The second type of user is the project backer, who has the responsibility to carry out their own due diligence on a project before contributing towards it.

The terms of use refer to how one should utilise the site. By using the site, you thereby agree to the Terms and Conditions, and the Privacy Policy, which are legally binding. The Terms and Conditions apply to all users, including those who visit the site, those who create campaigns and those who back projects.

YoungFundr or any of its affiliates are not associated with any campaigns, therefore we are not to be held responsible for any issues that arise. These must be resolved by the project owner and project backers.

YoungFundr reserves the rights to change, modify or add to the Terms and Conditions at any time without notification. You will be responsible on regularly checking the Terms and Conditions.

 

  1. Use of the Website:

 The YoungFundr website in an online rewards based crowdfunding platform allowing individuals to raise funds for their projects or contribute to a project. The creators of a project (project owners) can offer rewards to contributors, however these ‘rewards’ are not purchased but more seen as a gift. YoungFundr takes no responsibility of the quality, legitimateness or well being of any campaign, reward or contribution. The projects backed by users are done so at their own risk.

The use of the YoungFundr website indicates that you agree and accept all the Terms and Conditions, Privacy Policy and any rules of the website. You are bound by the terms. If you do not agree to all the terms, we kindly ask that you do not use the YoungFundr website and any affiliated services.

You may NOT use the website if:

2.1: You wish to raise funds for illegal activities

2.2: Not the legal age to commit to a contract with YoungFundr.

2.3: You wish to raise funds to assist any form of illegal activities

You are PROHIBITED to provide any of the below points as a ‘Reward’:

2.4: Alcohol (and any membership/vouchers offering physical delivery of alcohol.)

2.4.1: Profit sharing

2.4.2: Financial Incentives

2.4.3: Gambling or lottery

2.4.4: Weapons, weapon accessories or ammunition

2.4.5: Any products, services that promotes death, hate, discrimination, injury or destruction of property.

2.4.6: Shares in any company.

2.4.7: Controlled substances and drugs

2.4.8: Human remains, such as skulls/bones.

2.4.9: Any forms of security.

 

Additionally, campaigns cannot be longer than 90 days and rewards cannot have a value higher than $100. This is to be in compliance with PayPal.

 

  1. Key Terms:

A Campaign – The web page showing what a business does and what they will use the target amount of money for.

A Campaign owner – The individual/team who is running the campaign.

A contributor – An individual who has given money to a campaign, with the intent of receiving a reward.

A project backer –  An individual who has given money to a campaign, with the intent of receiving a reward.

  

  1. Fees:

 Project owners agree to pay YoungFundr 4.5% and the PayPal fee of 3.4% + 20p, and agree that the total amount of 7.9% + 20p will be deducted from the raised amount. YoungFundr holds an all or nothing model therefore a fee will only be charged if the campaign hits its target amount. If the campaign does not reach the target amount, then no fee will be charged and no money will be taken from project backers.

 

  1. Refunds:

 Project owners are responsible for refunds and returns. If you are a project owner, you have knowledge you are responsible for refunds and returns and that YoungFundr LTD is NOT responsible.

 

  1. Contributions:

 The YoungFundr team cannot be held responsible to any issues that may arise between the project owner and contributor. It is in the best interest that any issues are settled between the project owners and contributors as the YoungFundr website is a platform connecting the project owners and project backers. The YoungFundr team does not deal with the project owners personally and has no influence on their business. All contributions made on the YoungFundr website are passed onto campaign owners, minus fees, therefore refunds for contributions are to be sought from the campaign owners.

 

  1. Modifying fees:

 YoungFundr reserves the right to change the percentage of fees charged at any point. If the fees were to be modified, it is at the full discretion of the users of the website to regularly check the Terms and Conditions and the Privacy Policy for any updates and changes.

 

  1. Intellectual Property:

 The YoungFundr name, logos, icons, or any marks that resemble an identity of YoungFundr are part of the YoungFundr LTD brand, and so may not be used for personal or commercial use without the written consent of YoungFundr LTD.

 

  1. Data Collection and usage:

 YoungFundr will collect personal information, which may be used in the following circumstances:

  • To verify the individual(s) behind a campaign are who they say they are and a brief look at the company before we decide whether to allow it to go live on our website.
  • To process payments: we will need to use the collected data to make sure all the payments go through successfully and correctly.
  • In case of any suspicious activity: if we have a report of fraud or improper use of the website, we may use the collected data to investigate the individual/ campaign.
  • Running a competition/promotion or survey.
  • To send emails, newsletters or updates.
  • We always want to improve the YoungFundr website/service therefore we may use customer feedback to develop our services.
  • We may use collected data to deal with any enquiries or issues. This will improve our customer service.
  • Additionally, the data collected may be shared if requested by the Government/regulation or financial regulatory board, or third-party businesses working on behalf of the Government.
  • If we are partnered with any companies who require your information to get in contact with you, we will share your information with them.
  • Data may be shared with third-party companies who may or may not be partnered with YoungFundr.
  • The personal data provided will be stored securely.

 

  1. Data Protection:

 Users personal data is safely stored with the necessary security measures in place in order to protect the data, but also to restrict, any unauthorised access to whom may seek to tamper, alter or disclose our stored data.

Personal information provided on the website will be protected to prevent any unauthorised access.

Any personal information no longer needed will be disposed of, in a secure and safe manner.

 

  1. Sharing Personal Information:

 We may share personal information when contacting the individual via a third party application, or if requested by the court of law, or government officials, or regulation boards. We may also share generic information for data purposes, however we by no means will sell or trade or rent your personal information. Data may be shared with third party companies who may or many not be partnered with YoungFundr. Information supplied to us is only available to employees managing the information in order to send emails or newsletters.

 

  1. Changes in Privacy Policy:

 YoungFundr suggests that you continuously check the Privacy Policy. This is because YoungFundr holds the rights to change the Privacy Policy terms at any point. We will notify users when the Privacy Policy has been changed, however it is up to the individual to regularly check the site and act accordingly.

 

  1. User Content:

 YoungFundr reserves the rights to remove any content or accounts that do not perform to our Terms and Conditions.

YoungFundr reserves the right to reject any requests to send campaigns live, if we are not happy with the campaign or what the campaign owners are doing.

All content on an account will be the responsibility of the account owner, therefore all activity, including the creation of campaigns, video uploads, image uploads, data/information, rewards are the sole responsibility of the account holder.

Anything deemed illegal, obscene, defamatory, offensive, threatening, pornographic, infringement on an account or campaign will be removed and the account holder will be blocked.

An account holder must not share their passwords with others, unless they are involved with the campaign. If there is a situation of an account being hacked or being used without the consent of the account holder, then it is of importance to report it to the YoungFundr team, via email:  contact@youngfundr.com .

YoungFundr also does not allow for any content to be uploaded onto the website which has been subject to being threatening, part of an actual legal proceedings or any other similar complaints.

 

  1. Payment Platform:

The payment platform to be utilised by both project owners and project backers is PayPal.

 YoungFundr does not guarantee the performance and fairness of the payment platform. Additionally, as there may be some failed transactions, YoungFundr cannot guarantee that the project owner will receive the full target amount.

Project owners and Project backers will need to comply with the payment platforms crowdfunding rules. Any violations to their rules will not be the responsibility of YoungFundr.

 

   15. Indemnity:

By agreeing to the Terms and Conditions you indemnify YoungFundr LTD and all members of the YoungFundr team, as well as any affiliated partners against any losses, damages, expenses, liabilities, legal actions, legal costs.

 

   16. Acceptance of Terms:

The terms and conditions and privacy policy are a legal contract between YoungFundr LTD and the website users. Your use of the website indicates your acceptance of the Terms and Conditions and the Privacy Policy. Continuing to use the website when the terms have been amended again signifies your acceptance of the terms of the website. If you do not agree to the Terms and Conditions and Privacy Policy, then we kindly request you to not use the YoungFundr website.