Terms & Conditions
Last updated: December 24, 2024
Introduction
Welcome to InveStars. These Terms and Conditions ("Terms") govern your use of our platform, which facilitates revenue-based crowdfunding for creators and supporters. By accessing or using our platform, you agree to abide by these Terms. If you do not agree, please refrain from using our platform.
Definitions
- Creators: Individuals or entities initiating revenue-generating projects on the platform.
- Supporters: Individuals contributing funds to projects and receiving a share of future revenue.
- Platform: Refers to InveStars, including its website, app, and associated services.
User Responsibilities
Supporter Responsibilities:
- Supporters acknowledge that contributions do not constitute loans, equity, or debt.
- Supporters agree to the revenue-sharing terms specified for each project.
- Supporters understand that returns are variable and tied to project performance.
Creator Responsibilities:
- Creators must provide accurate project details and comply with all revenue-sharing obligations.
- Creators are responsible for transparent reporting of revenue milestones and cooperating with the platform’s verification processes.
General Responsibilities:
- Users must provide accurate registration information.
- Users agree not to engage in fraudulent or unlawful activities on the platform.
Operating Procedure
Funding Process:
- Creators submit projects for review and approval.
- Upon approval, projects are listed with detailed revenue-sharing terms.
- Supporters contribute funds and gain entitlement to a proportionate share of revenue as per the disclosed terms.
Revenue Distribution:
- Revenue from projects is tracked through verified sources.
- Supporters receive revenue shares at specified intervals, after platform fees are deducted.
Platform Fees:
A service fee is deducted from funds raised and revenue distributions. Fee details are disclosed in the project-specific revenue-sharing agreement.
Risk Acknowledgment
Supporter Risks:
- Contributions are subject to project performance and market conditions.
- There is no guarantee of partial or full returns on contributions.
Creator Risks:
- Creators are responsible for fulfilling revenue-sharing obligations as outlined in the project-specific revenue-sharing agreement.
Compliance and Legal Positioning
- The platform operates under a revenue-sharing model and is not an NBFC, CIS, or investment fund.
- All transactions are facilitated through licensed payment gateways and escrow services.
Termination and Suspension
Termination by User:
- Users may terminate their accounts at any time, provided there are no ongoing obligations.
Termination by Platform:
- The platform reserves the right to terminate or suspend user accounts for breach of these Terms or unlawful activity.
Limitation of Liability
Platform Liability:
- InveStars is not liable for project failures, losses, or unrealized returns.
User Liability:
- Users are liable for any damages resulting from violations of these Terms.
Governing Law and Dispute Resolution
Governing Law:
- These Terms are governed by the laws of India.
Dispute Resolution:
- Any disputes shall be resolved through arbitration in accordance with the Arbitration and Conciliation Act, 1996. The venue for arbitration shall be Hyderabad, India.
For any questions about these Terms & Conditions, please contact us.