GENERAL TERMS AND CONDITIONS
These General Terms and Conditions constitute a legal agreement between you, as the user of the website accessible at the URL address www.seedblink.com ("Platform") and SEEDBLINK CROWD S.A., a company incorporated and existing under the laws of Romania, registered with the Trade Registry under no J40/722/2020, fiscal identification number RO42141358, and having its headquarters located at 4B and 2-4 Ing. George Constantinescu Street, Building A, office no. 605, Modules nr. 47, 48, 49, 50, 6th floor, 2nd District, Bucharest, Romania, as a crowdfunding service provider through the Platform. Throughout these General Terms and Conditions, we will refer to you as "you" or "your", and we will refer to SeedBlink Crowd S.A. as "we", "us" or "SeedBlink".
These General Terms and Conditions set out the general terms governing your use of the Platform either as an Investor (as defined in clause 1.2 below), Project Owner (as defined in clause 1.2 below) or users of the Platform who do not register as Project Owners or Investors (the Investors, the Project Owners, as well as any other users of the Platform, are all collectively referred to as "Seedblink Members" and individually "SeedBlink Member"). They apply to you as soon as you first use it, and you are deemed to have agreed to be bound by them upon such first use. When accepted by you, the General Terms and Conditions form a legally binding agreement between you and SeedBlink. If you do not wish to continue to be bound by these General Terms and Conditions, please stop using the Platform now.
SeedBlink is not a financial institution, investment bank or a financial advisor or a regulated entity, neither does SeedBlink provide any financial or investment services. The purpose of the Platform is solely to temporarily facilitate the conducting of fundraising rounds ("Fundraising") by companies seeking funding on the Platform ("Project Owners") and connecting them with investors ("Investors") interested in investing in Project Owners.
Legal commitments on the Fundraising are formed directly between Project Owners and Investors, without any advice by SeedBlink.
SeedBlink does not at any time take possession of funds and it does not provide payment services.
The General Terms and Conditions shall only regulate the relationship between a Seedblink Member and SeedBlink. Any agreements between SeedBlink Members will be done between such SeedBlink Members, without the involvement of SeedBlink.
In addition to these General Terms and Conditions, you and we may enter into several other contracts. For example, if you act as Project Owner, you may enter into a License and Services Agreement ("License and Services Agreement") with us, and if you succeed in raising capital through the Platform, you and the SPV (as defined at clause 10.1.1 below) may also enter into a subscription and shareholders agreement. If you act as an Investor, you may enter into an investment facilitation agreement each time you make an investment through the Platform ("Investment Facilitation Agreement"). And by using the Platform, you are deemed to have agreed to our General Terms of Conditions. Our Privacy Notice and Cookies Policy located at www.seedblink.com set out the details of how your personal data will be processed by us following your use of the Platform. These and other agreements you may enter into, and notices you are provided with from time to time in connection with your use of the Platform, are referred to as "Platform Documents", are intended to be consistent with each other and should be read and interpreted together, but if a conflict arises, the terms of any agreement to which you agree after these General Terms and Conditions will prevail over the terms of these General Terms and Conditions, while the terms of these General Terms and Conditions will prevail over the terms of any agreement to which you agreed to or notices you were provided with before these General Terms and Conditions.
Joining. In order to join SeedBlink as a member, you must be either (a) 18 years of age or over (which we refer to as an individual member), (b) a legal person or other forms of a legal entity (which we refer to as a corporate member) incorporated. In executing these General Terms and Conditions, you warrant to us that you meet the criteria of an individual member or, respectively, a corporate member and that you are not subject to the laws of any territory which would make your participation in the Platform unlawful.
Furthermore, you warrant that you are a legal representative of a Project Owner or an Investor (if a legal entity) or you have been authorized by the Project Owner or the Investor you are representing to market and execute the Fundraising using the services and that you have the right to enter into the General Terms and Conditions and other Platform Documents on behalf of the Project Owner or the Investor.
Ceasing to Be Eligible. You must inform us as soon as reasonably possible if you cease to be eligible to be a member. If you inform us, or if we otherwise discover, that you have ceased to be eligible as a member, your SeedBlink membership will be suspended. If you later become eligible to be a member again and inform us of this, your SeedBlink membership may be reinstated at our discretion.
One Membership Only. You may only become a member of SeedBlink once. You may not attempt to create multiple memberships for yourself by using different email addresses or other identifying information. If you attempt to do so, your membership may be terminated.
Only SeedBlink members can use the services provided by the Platform. SeedBlink reserves the right to deny its services to any current or prospective SeedBlink members due to inter alia following reasons:
SeedBlink reserves the right to make changes to these General Terms and Conditions at any time. Your continued use of the Platform and the related services means that you accept unconditionally all and any amendments made to the General Terms and Conditions at such time. If you do not agree to the General Terms and Conditions or any amendments to them, then the use of the Platform and the related services is forbidden for you.
You acknowledge that SeedBlink may need to undertake certain KYC activities and/or AML checks, including collecting certain personal data from you, which will be done inter alia when registering the user account with SeedBlink and before any funding of the Project Owner may be pursued. Upon SeedBlink’s request, you shall provide SeedBlink with all information and documents that SeedBlink, in its sole discretion, deems necessary or appropriate to conduct KYC and/or AML checks.
SeedBlink Member. Upon execution of these General Terms and Conditions, you will become a SeedBlink Member, and you will remain a SeedBlink Member until and unless your membership is terminated or suspended. Our obligations to you as a SeedBlink member are as set forth in these General Terms and Conditions and other Platform Documents.
No Advice. We do not provide advice or recommendations with respect to any aspect of transactions facilitated through the Platform, other than advice on the technical use of the Platform. This means, among other things, that we cannot give you any investment, legal, taxation or other advice in connection with your membership or any investments you make through the Platform, and nothing on the Platform or in any communications we send to you is intended to constitute advice or a recommendation. If you need or want advice, you should consult an appropriate professional financial, legal, taxation or other advisors.
Location of Activities. In executing these General Terms and Conditions, you agree that all of the activities that we conduct with you take place within Romania, regardless of where you may be physically located at the time you use the Platform or otherwise engage with us. This means that you agree that our activities are subject only to the laws of Romania and not to the laws of any other country in which you may be physically present at any given time, and therefore that any redress you may seek from us must be sought under Romanian law. However, you agree to comply with all relevant laws and regulations that may apply to your use of the Platform in any jurisdiction in which you may be located. You agree that under no circumstances will you make any claim to the effect that our activities are conducted in, or subject to, the laws of any country other than those of Romania.
Role. Your interactions and communications with us will take place almost entirely through the Platform. There are certain exceptions where we may interact and communicate with you via direct email, telephone or in-person, but in general, you should expect that you will not be able to communicate with us via any means other than the Platform. If you are uncomfortable using the Platform for these interactions, you should not become a SeedBlink Member.
Access. Access to the Platform is performed using an authentication token. The authentication token may be a username and password pair, set up by you, or an authentication token provided by an external platform on which you have an account. Your SeedBlink membership is personal to you and is not transferable. As long as the correct authentication token is used, we will assume that you are the person conducting activity on the Platform. You may have one or more authentication tokens and we may or may not ask you for additional authentication tokens to allow you to perform specific actions on the Platform. You may not permit any other person or device to access your authentication tokens (including, but not limited to, sharing or accidentally disclosing your authentication tokens). In the event you do, you will be fully responsible for all actions on the Platform by the person or device to whom you permitted to access and by any other person or device to whom that person or device permitted to access, and we will not be liable to you for any losses, damages or costs arising from you permitting access to your authentication tokens. You should note that we may terminate or suspend your access to the Platform if you cease to be eligible to use the Platform or fail to observe any of your obligations provided by the Platform Documents.
Security. Your authentication tokens are the methods used by us to identify you and so you must keep them secure at all times. You must notify us immediately if you learn or suspect that the security of your username or password, or of the account or accounts you use to sign in to the Platform, may have been breached. If we receive such a notification from you or determine ourselves that the security of your authentication tokens may have been breached, you will not be able to access the Platform until measures have been taken to verify your identity.
Profile. At some stage, after you log onto the Platform, you will be asked to complete a profile. The information you provide in your profile is the basis on which we identify you for purposes of communicating with you, fulfil any reporting obligations that we may have to any regulatory or governmental authorities, and conduct any AML or other checks we run on you. To the extent that you choose to make your profile “public” for certain purposes, it will also be the basis on which other SeedBlink Members identify you. You must complete the profile truthfully, and you must keep the information in your profile up to date.
Content. You are solely responsible for any content you post on the Platform, including your profile, information about a business for which you are seeking capital, information posted in connection with a post-investment process and any other information you post. You may not post, transmit or share information on the Platform that you do not own or have permission to display, publish or post. You agree to indemnify and hold harmless each other SeedBlink member and us from and against any loss, damages or costs arising from or in connection with any content you post on the Platform.
Interactions with Other SeedBlink members. You are solely responsible for your interactions with other SeedBlink members. We reserve the right to remove any communications that you post that we consider to be abusive, trolling, spam, or otherwise inappropriate.
Seedblink is the owner over the Platform.
The Platform may include at any given time text, graphics, logos, icons, images, sound clips, video clips and data compilations, and together with the Platform's page layout, underlying code and software we refer to all of these as "Content".
All of the Content is the property of SeedBlink, our affiliates or third parties with whom we do business, and this means that it is protected by Law no. 8/1996 on copyright and neighbouring rights, the relevant intellectual property laws and other relevant laws. You may not reproduce, copy, distribute, store or in any other fashion re-use material from the Platform unless otherwise indicated on the Platform or unless given express wrote permission to do so by SeedBlink. For the avoidance of doubt, data mining or scraping the Platform without the express written permission of SeedBlink is not permitted.
The Platform may contain links to other websites. Unless we expressly say otherwise, you should assume that these other websites are not under the control of SeedBlink or our affiliates. We assume no responsibility for the content of such websites, and we disclaim liability for any and all forms of loss or damage arising out of the use of them.
Additionally, even if we include a link to another website on the Platform, that does not mean that we endorse that other website or in any way recommend that you should use it.
With the exception of the specific promises we make in other Platform Documents to which you are a party, you need to be aware that:
We make no warranty or representation (express or implied) that the Platform will meet your requirements, that it will be of satisfactory quality, that it will be fit for a particular purpose, that it will be compatible with all systems or that it will be secure.
We make no guarantee of any specific results from the use of the Platform.
No part of this Platform is intended to constitute advice, and the content of this Platform should not be relied upon when making any decisions or taking any action of any kind.
The Platform is provided "as is" and on an "as available" basis, and we give no warranty that it will be free of defects and/or faults.
We accept no liability for any disruption or non-availability of the Platform resulting from external causes including, but not limited to, ISP equipment failure, host equipment failure, communications network failure, power failure, natural events, acts of war, or legal restrictions and censorship.
To the maximum extent permitted by law, we accept no liability for any direct or indirect loss or damage, foreseeable or otherwise, including any indirect, consequential or special damages arising from your use of the Platform or any information contained in it, and you use the Platform and its content at your own risk.
Fees We Charge In Relation To Project Owners. The fees charged by us in relation to Project Owners are set forth in the relevant License and Services Agreement.
Fees We Charge In Relation To Investors. The fees charged by us in relation to the Investors’ investment in the Project Owner are set forth in the relevant Investment Facilitation Agreement.
Structure of Investments
If you become an Investor on the Platform, you will have the opportunity to invest in the investments available from time to time on the Platform. These investments consist of shares in the Project Owners to be held indirectly through a special purpose vehicle ("SPV") established with the sole purpose of enabling the Investors, members of the Platform, to participate in the Fundraising and indirectly to invest in the Project Owner through the SPV. The SPV shall consolidate the crowdfunding investments in the Project Owner and shall not have any other operations or goals. The Investors using the Platform will become shareholders of the SPV while the SPV will become a shareholder of the Project Owner.
The terms of the investment structure shall be set forth in the relevant Investment Facilitation Agreement.
The Investment Process
Fundraising Campaign. Upon logging onto the Platform you will be able to view the businesses available for investment. You will initially see summary information about the businesses that are currently seeking capital on the Platform, and we refer to this information as the "Campaign Summary". You can click through any Campaign Summary to see additional information about the business, which we refer to as the "Detailed Campaign" (a Campaign Summary and a Detailed Campaign together represent the "Key Investment Information Sheet" or "KIIS"). The KIIS does not include the discussion forum or documents sections or any news feed on the Platform, or any documents made available through those sections by the Project Owner or otherwise made available to the Investor. All information displayed on the Platform in connection with the Fundraising campaign is displayed by the Project Owner.
Review and Approval. SeedBlink did not independently verify and it is not responsible for the information in the KIIS. The Fundraising, the KIIS or any other documents related to the Investor’s participation in the Fundraising have been neither verified nor approved by any Romanian or European authorities.
No Recommendation. The publishing on the Platform of a Fundraising campaign does not mean that we are recommending that you make an investment in the business, that we believe the business is likely to be successful or that we take any responsibility or will in any way be liable to you if the business is not successful. The investment decision with respect to any investment through the Platform is yours and yours alone.
Confidentiality of Fundraising Campaign. Fundraising campaigns are presented on the Platform in order for you to make your investment decisions and not for any other purpose. While you are not legally required to keep the information related to Fundraising campaigns confidential, you may not use it in any way to compete with or otherwise impede the success of the relevant business, and if you do so we may bring an action against you for any damage you have caused to our reputation, to our business or otherwise.
Selecting Investments. After reviewing a Fundraising campaign, you may choose to make an investment in the business by clicking on the appropriate button, and you will be asked to indicate how much you would like to invest. You will afterwards be presented with an Investment Facilitation Agreement in respect of the investment, prepared based on the template available on the Platform as such may be tailored to the respective Fundraising campaign. As a prospective Investor, you benefit from a reflection period of four (4) calendar days before the execution of the Investment Facilitation Agreement during which you are able to revoke your expression of interest to participate in the Fundraising without penalty and with no obligation to provide a justification. The revocation can be communicated by you to SeedBlink in the same modality by which you are able to make an offer to invest or express interest in a Fundraising.
Execution and Commitment. After you have decided to invest in a business, the final step for you to make the investment will be to execute the Investment Facilitation Agreement through the means provided on the Platform or by other means as instructed by SeedBlink. The terms of the Investment Facilitation Agreement will govern your relationship with us in relation to the implementation of the investment in the Project Owner.
Completion of the Investment. For any given business seeking capital through the Platform, the relevant Investment Facilitation Agreement will set forth the process and circumstances under which the Fundraising will be completed or not, as well as the consequences of such completion or non-completion.
You acknowledge that you fully understand and undertake the risks associated with investments in Project Owners, some of which are summarised below on a non-exhaustive basis for your convenience only.
Investment in crowdfunding projects entails risks, including the risk of partial or entire loss of the money invested. Your investment is not covered by the deposit guarantee established in accordance with Directive 2014/49/EU of the European Parliament and of the Council on deposit guarantee schemes or the related provisions of Romanian law. Your investment is not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council on investor-compensation schemes or the related provisions of Romanian law.
You may not receive any return on your investment.
The participation in the Fundraising is not a saving product and SeedBlink advises you not to invest more than 10% of your net worth in crowdfunding projects.
You may not be able to sell the investment instruments when you wish. If you are able to sell them, you may nonetheless be subject to losses.
Due to the nature of private companies, there may be limited information - financial, operating or otherwise - regarding the Project Owner. There is a risk that: (i) there are facts or circumstances pertaining to the Project Owner that you are not aware of, and (ii) publicly available information and information on the Platform concerning the Project Owner may prove to be inaccurate, and, as a result, you may suffer a partial or complete loss of the investment.
SeedBlink does not independently verify information regarding start-ups or endorse any start-up for direct or indirect investment. Although SeedBlink evaluates potential start-ups to determine which start-ups will be available as potential investments for SeedBlink members, this evaluation does not constitute an endorsement or a recommendation that you invest in any particular start-up and does not establish an advisory relationship between SeedBlink and you. SeedBlink did not undertake any due diligence with respect to the Project Owner and shall not be liable with respect to its past, present, or future performance or non-performance. In particular, SeedBlink did not independently verify and it is not responsible for the information in the Project Owner KIIS.
You should consult your own legal, tax, investment and financial advisers regarding the suitability, desirability and appropriateness of participating in the Fundraising. SeedBlink does not advise you on the merits of your investment or provide any other advisory services to you.
Investments in start-ups involve significant risks and are suitable only for investors capable of evaluating and bearing those risks, who have limited need for liquidity in their investment and who can afford the potential full loss of their investment. Investments in start-ups fail at a particularly high rate. In return of your investment, you may ultimately receive cash, shares, or a combination of cash and shares or nothing at all. If you receive shares, the shares may not be publicly traded, and may not have any significant value.
SeedBlink does not guarantee the future performance or financial results of the Project Owner. A return on investment will also depend upon the successful liquidity of the shares of the Project Owner and thus, the ultimate value of any investment depends upon factors beyond your control. You will typically not receive distributions, if any, until a liquidity event, which may not occur for many years. You must therefore bear the economic risk of an investment for an indefinite period of time.
Your investment in the Project Owner through the SPV is subject to dilution. This means that if the business raises additional capital at a later date, it will issue new shares to the new investors, and the percentage of the Project Owner that you indirectly own will decline. These new shares may also have certain preferential rights to dividends, sale proceeds and other matters, and the exercise of these rights may work to your disadvantage. Your investment may also be subject to dilution as a result of the grant of options (or similar rights to acquire shares) to employees, service providers or certain other parties.
You will receive only limited information about the Project Owner (and such information will most likely not include audited financial statements with respect to the SPV and the Project Owner). You will not receive ongoing information about the value or valuation of the Project Owner, and you understand and agree that any such valuation information would, in any event, be of limited reliability and use.
If you require liquidity in the investment, you should not participate in the Fundraising. Shares issued by the Project Owner will be subject to legal and contractual transfer restrictions and procedures (including under the relevant subscription and shareholders agreement or other future contractual arrangements). Your ability to transfer the shares in the SPV is also subject to legal and regulatory restrictions and procedures. You should consult your legal advisers. You may not be able to transfer your shares in the SPV at the time or at the price you seek to make a transfer. You typically should expect to hold your shares in the SPV until a liquidation event has occurred at the level of the Project Owner.
You acquire shareholder rights at the level of the SPV only, as such rights are set forth by Romanian law and the articles of association of the SPV. You will not have any voting powers at the level of the Project Owner. Further, the SPV will typically not obtain representation on the board of directors or have any control over the management of the Project Owner.
The Fundraising, the KIIS or any other documents related to your participation in the Fundraising have been neither verified nor approved by any Romanian or European authorities.
The appropriateness of your education and knowledge have not necessarily been assessed before you being granted access to the Fundraising. By making this investment, regardless of any entry knowledge tests or simulation of the ability to bear the loss which might be available on the Platform, you assume the full risk of taking the investment, including the risk of partial or entire loss of the money invested.
Post-Investment Process (Investors)
Information and Rights. Once you have executed an Investment Facilitation Agreement with respect to an investment, the investment will be listed in the "Portfolio" section of the Platform, and you will be able to see information about other investments that have been committed to the business through the Platform. If the investment is completed it will continue to be listed in the "Portfolio" section, and through that section, you will be able to access information and exercise certain other rights, all as set forth in the Investment Facilitation Agreement and the relevant services agreements entered into between SeedBlink and the relevant SPV.
Transfers. We have not created a market for you to purchase and sell shares in which you have invested, and in making any investment you should be aware that it is likely that you will not be able to sell your shares. While we allow the Investors to interact directly with each other to advertise interest to buy and sell their shares in the SPV, the bulletin board shall not bring together buying and selling interest by means of SeedBlink’s protocols or internal operating procedures in a way that results in a contract. The bulletin board does not represent an internal matching system which executes client orders on a multilateral basis. SeedBlink does not operate a trading system and such buying and selling activity is at your discretion and responsibility.
Account and Investment Information
You can view your balances and transaction history through the "Investment Account" section of the Platform at any time, and you can view all of your current investments through the "Portfolio" section of the Platform at any time. These are the only ways in which you will be able to obtain information about your transactions and investments from us, and we do not intend to send any form of periodic statements to you.
Your investments may be subject to tax. Tax treatment depends on individual circumstances and is subject to change in the future. For example, you may be liable to pay taxes on any gains you receive from your investments. Payment of taxes is entirely your responsibility and save as required by Romanian law we will not deduct or withhold any taxes for you or provide you with any statements or information with respect to your tax position or liability. If you have any questions with respect to tax matters, you should consult a professional advisor.
Eligibility. The determination as to whether a business is eligible to use our Platform at all, as a Seedblink Member, is ours and ours alone, and we may determine that a business may not use our Platform as a Seedblink Member for any reason or no reason. We are not required to communicate the reason for any such determination to you.
Fundraising Campaign Process
Creating a Fundraising Campaign. In order to seek capital for a business using the Platform, you will need to follow the process set forth in the relevant section of the Platform. This process requires you to provide answers to a series of questions about your business, along with evidence to support certain of those answers, and it also allows you to upload certain video and other files if you so choose. You will also be able to establish how much capital you are seeking for the business, and what percentage of equity you are offering in exchange for that capital. The Fundraising campaign will stay active for a specified period of time, as set forth in the License and Services Agreement.
Project Owner and Team. When you create a fundraising campaign for a Project Owner, you will be the main contact person with respect to the Fundraising campaign, you will be the signatory to the License and Services Agreement and you will be required to disclose certain information about yourself as part of the Fundraising campaign process.
License and Services Agreement. Once you have completed the journey described by the Platform-tools, you will need to execute a License and Services Agreement, which sets out the Project Owner’s obligations with respect to the Fundraising campaign, including with respect to the drafting of the KIIS.
Investment Process. Once the Fundraising campaign has been started, Investors will be able to review the KIIS and make an investment. Your and our rights and obligations with respect to the investment process will be as set forth in the relevant License and Services Agreement. If the business receives the investment it is seeking, you and the SPV will execute a subscription and shareholders agreement.
SeedBlink may terminate any or all Platform Documents you are a party to and your access to the Platform by simple notice to your email address with an immediate effect, without any other judicial or extra-judicial formality, if you commit a breach of the Platform Documents or you have acted in a manner which clearly shows that you do not intend to, or are unable to comply with the provisions of any of the Platform Documents.
Furthermore, SeedBlink may terminate any or all of the Platform Documents and your access to the Platform and cease to provide the Platform services by simple notice to your email address with an immediate effect, without any other judicial or extra-judicial formality, if:
Communications and Information
Any notice from you to us in respect of these General Terms and Conditions, your SeedBlink membership or your activities on the Platform shall be given by email to email@example.com, except where these General Terms and Conditions or another Platform Document that you execute sets forth alternate means by which you must give us notice.
SeedBlink may provide the SeedBlink Member with notices, by email, regular mail or postings on the Platform.
Information on the Platform. In addition to the information set forth in each Fundraising campaign, the Platform may contain information about investing in or operating businesses generally or other matters that we believe may be relevant or of interest to you. We refer to this as "additional information". None of the additional information, including information about historical returns, can be relied on as a guarantee or indication of any particular result, and the additional information does not constitute any form of advice, recommendation or endorsement by us. We cannot assure you that any additional information is complete, accurate, up-to-date or error-free, and we will not be liable to you for any loss, damages or costs if it is not. To the extent that any additional information constitutes links to other websites or third-party contact details, we take no responsibility for the availability or accuracy of such websites or contact details or the acts of such third parties.
Communications About Platform Activity. From time to time we may send you emails with information about activity on the Platform, including new Fundraising campaigns and the progress of existing ones. Any emails we send you about activity on the Platform do not constitute advice or a recommendation to invest. From time to time we may also send you emails with respect to your membership, Fundraising campaigns or investments, our business, these General Terms and Conditions or other matters that we reasonably believe are relevant to you. We will do our best to ensure that these emails are relatively infrequent, but we may send you such emails at our discretion.
If you have a complaint with respect to any aspect of the Platform, you should report it to us immediately by sending an email, with the word "complaint" in the subject line, from the email address in which your SeedBlink membership is registered to firstname.lastname@example.org. We will send an initial response to your email within no more than 7 working days after we receive it, and this response will state either that we consider the complaint to have been resolved or that we are investigating the matter further. If we are investigating the matter further, we will provide you with a final response by no later than eight weeks after we receive your email. We may need to ask you questions in order to understand the details of your complaint, and any questions we ask, as well as any response we give, will be sent by email to the email address in which your SeedBlink membership is registered.
We do our best to ensure that our interests do not conflict with yours. Nevertheless, as a Platform provider, we are not your representative or agent, and at times our interests may conflict with yours.
Your Liability to Us. You shall be liable to us for any loss or damage suffered by us as a result of any breach of these General Terms and Conditions or any other agreement that you enter into with us, or of any use of the Platform that is fraudulent or represents willful misconduct.
Our Liability to You. Subject to further limitations and exclusions set forth in other Platform Documents, SeedBlink shall indemnify you for any damages caused to you by any wilful breaches by SeedBlink of these General Terms and Conditions. SeedBlink shall not be liable for any losses incurred by you where SeedBlink has performed its duties and functions as such are set forth in these General Terms and Conditions and the Platform Documents. We shall not be liable in connection with any error or inaccuracy in the data entered by you or another SeedBlink member or any misrepresentation or willful misconduct or any other act of another SeedBlink member. We shall not be liable to you for any indirect, consequential, special or punitive loss, damage, cost or expense, unforeseeable losses or damages, loss of profit, loss of business, lost or wasted management time or time of other employees, loss of reputation, depletion of goodwill or loss, damage or corruption of data. You agree that any legal action against us is permitted only on an individual basis and that you will not initiate or join any purported or actual class or consolidated actions against us.
When any or all Platform Documents are terminated, irrespective of the reason thereof, all of the legal rights, obligations and liabilities that have accrued over time whilst the Platform Documents have been in force or which are expressed to continue indefinitely, shall be unaffected by this cessation, unless otherwise provided in the Platform Documents.
A party shall not be in breach of these General Terms and Conditions if there is, and shall not be liable or have the responsibility of any kind for any loss or damage incurred as a result of, any total or partial failure, interruption or delay in performance of such party's duties and obligations occasioned by any act of God, fire, the act of government, state, governmental or supranational body or regulatory authority or war, civil commotion, terrorism, failure of any computer dealing system, interruptions of power supplies, labour disputes of whatever nature or any other reason (whether or not similar in kind to any of the above) beyond such party's control.
The SeedBlink member may not assign its rights and/or obligations under these General Terms and Conditions without SeedBlink's prior written consent.
SeedBlink may assign its rights and/or obligations under these General Terms and Conditions without the prior consent of the SeedBlink member to a credible provider of similar services.
These General Terms and Conditions shall not be construed so as to create a partnership or joint venture between you and us.
In the event that either you or we fail to exercise any right or remedy contained in these General Terms and Conditions, that does not mean you or we (as applicable) have waived that right or remedy.
If any provision of these General Terms and Conditions shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions thereof shall not in any way be affected or impaired thereby.
These General Terms and Conditions and the relationship between you and SeedBlink created by it shall be governed by and construed in accordance with the laws of Romania without regard to its conflict of law rules.
Any dispute in connection with these General Terms and Conditions shall be submitted to the exclusive jurisdiction of the competent courts from SeedBlink’s headquarters.