Crowdfunding Agreements

Rezving Community Crowdfunding Agreements

 

This section outlines the terms and conditions specific to crowdfunding agreements, including the rules for fund distribution, refund policies, and reporting requirements to backers:

1. Terms and Conditions Specific to Crowdfunding Platforms:

  • Rezving Community may utilize crowdfunding platforms to raise funds for specific projects.
  • This section specifies the terms and conditions associated with the crowdfunding platforms used, ensuring compliance with their policies and procedures.

2. Rules for Fund Distribution:

  • Funds raised through crowdfunding are allocated as per the project’s proposal and agreement with backers.
  • The allocation of funds may include budgetary items, rewards, or other project-related expenses, as outlined in the crowdfunding campaign.

3. Refund Policies:

  • In the event that a crowdfunding campaign does not reach its funding goal, or if there are unforeseen circumstances that prevent the project’s completion, refund policies are defined.
  • These policies outline the conditions under which refunds may be provided to backers and the process for issuing refunds.

4. Reporting Requirements to Backers:

  • Transparency is a key principle in crowdfunding. Reporting requirements to backers are established to keep them informed about the project’s progress.
  • Backers will receive updates, progress reports, and information regarding any delays or challenges that may arise during the project’s execution.

5. Compliance with Crowdfunding Platforms:

  • Rezving Community agrees to comply with the policies and guidelines of the crowdfunding platforms used for campaigns.
  • This ensures that campaigns adhere to the platform’s terms and conditions and foster trust with backers.

6. Governance of Crowdfunding Agreements:

  • This section is governed by the laws and regulations of the jurisdiction where Rezving Community is registered.

Crowdfunding agreements serve as a commitment to transparency, accountability, and compliance with the terms and conditions of crowdfunding platforms. They also establish guidelines for managing funds and ensuring that backers are well-informed about the progress of projects.

This section is effective as of 17/10/2023.