Terms & Conditions

Terms of Use

Welcome to the EFactor, a network for aspiring and successful entrepreneurs. The EFactor service and network (collectively, the "EFactor Service", or the "Service") is operated by EFactor and its corporate affiliates (collectively, "us", "we" or the "EFactor"). By accessing or using our web site at www.efactor.com (collectively, the "Site"), you (the "user" or "you") signify that you have read, understand and agree to be bound by these Terms of Use ("Terms of Use" or "Agreement"), whether or not you are a registered member of EFactor. We reserve the right, at our sole discretion, to change, modify, add, or delete portions of these Terms of Use at any time without further notice. If we do this, we will post the changes to these Terms of Use on this page and will indicate at the top of this page the date these terms were last revised. Your continued use of the Service or the Site after any such changes constitutes your acceptance of the new Terms of Use. If you do not agree to abide by these or any future Terms of Use, then do not use or access (or continue to use or access) the Service or the Site. It is your responsibility to regularly check the Site to determine if there have been changes to these Terms of Use and to review such changes.

Eligibility

Membership in the Service is void where prohibited by law. This Site is intended solely for users who are eighteen (18) years or older. It is not available to users who have been suspended or removed from the Service for any reason.

Registration Data

In consideration of your use of the Service and the Site, you agree to (a) provide accurate, current and complete information about yourself as may be prompted by any registration forms on the Site ("Registration Data"); (b) maintain the security of your password and identification; (c) maintain and promptly update the Registration Data, and any other information you provide to EFactor, to keep it accurate, current and complete; and (d) be fully responsible for all use of your account.

Premium Service Subscription

You may not use the VIP Membership service ("Premium Service") without a valid subscription from EFactor. To obtain a subscription, you must register for the Premium Service by completing the online registration form available on the website. Your subscription will not be valid unless and until EFactor accepts your registration. By registering for the Premium Service, you represent and warrant that all registration information that you provide is true, complete, and accurate, and you agree to notify EFactor promptly of any changes to this registration information. This notification can be effected by editing your user profile in the Profile/Account area of the website.

You may be offered a free trial subscription to the Premium Service, beginning on the date EFactor accepts your registration. If you do not terminate during this trial period, the initial term of your regular paid Premium Service subscription will start immediately after the free trial period ends, and will continue for the length of time that you selected when you registered. [If you have taken a Premium Membership trial in the past 24 months, you will not receive a free trial and your credit card will be charged immediately for the subscription fee associated with the term you select.]

You understand that, unless you notify us that you wish to terminate your subscription before the end of your then-current subscription term, your subscription will continue to automatically renew for successive terms of the same duration and your credit card will be charged for each such renewal at the subscription fee in effect at the time of that renewal. In those instances where you accepted a special or introductory offer to become a Premium Member, your subscription will automatically renew to the term specified in the offer and your credit card will be charged the subscription fee in effect at the time of that renewal. The term "subscription term" shall refer to the term of your subscription then in effect, regardless of whether it is the initial term or any renewal of that term.

EFACTOR RESERVES THE RIGHT TO CHANGE THE PREMIUM SERVICE AT ANY TIME WITHOUT NOTICE (INCLUDING BUT NOT LIMITED TO ADDING OR REMOVING FEATURES). IF YOU ARE DISSATISFIED WITH ANY SUCH CHANGES, OR IF YOU ARE OTHERWISE DISSATISFIED WITH THE PREMIUM SERVICE (INCLUDING BUT NOT LIMITED TO ITS PERFORMANCE OR AVAILABILITY), YOUR ONLY REMEDY WILL BE TO CANCEL YOUR SUBSCRIPTION, AS SET FORTH BELOW.

Your subscription is personal to you, and you may not transfer or share your subscription with any other person (including but not limited to your coworkers) other than immediate family members living in the same household, provided that: (i) such family members have read and agree to be bound by the terms and conditions of this Premium membership Agreement; (ii) your subscription is not simultaneously used by more than one person at any given time; and (iii) you agree to be responsible for any use of your subscription by those other family members.

Charges and Billing Practices

Subscription Fees on credit card transactions will be authorized immediately, but not actually processed. If you remain a Premium member when the free trial period ends, you will be charged for the initial term of your subscription and then, at the beginning of each renewal term, if any, for the subscription fee for that renewal term. Subscription fees will be based upon the subscription rates in effect at the start of each subscription term and apply whether or not you actually use the Premium Service during that term. Subscription fees are nonrefundable.

EFactor reserves the right to change the fees it charges for products, services or features (collectively, "Products") offered in connection with the Premium Service and/or the website at any time. These changes may include, but are not limited to, adding fees for new/optional Products and/or modifying fees for existing Products. By using any of the Products, with which there are associated fees, you agree to pay those fees. If you do not want to pay these associated fees, you must cancel your subscription, as set forth below.

Subscription fees and all others fees and charges associated with your subscription (including, but not limited to, any applicable federal, state, and local taxes) will be billed automatically to the credit card you provide when registering for the Premium Service ("your credit card"). If your credit card is a VISA or MasterCard and the number or expiration date for your credit card changes for any reason (for instance, you get a new number because your old card expired, was stolen, etc.), that updated information may be automatically passed on from your credit card issuer to EFactor, and if we do receive such information, it will be treated by EFactor as if it were originally furnished by you. To learn more about this service being provided by your credit card issuer, please contact them directly.

You must promptly notify EFactor (as set forth above) if any information related to your credit card changes or is no longer valid or of any other change to the information you provided EFactor regarding your credit card (including, but not limited to, changes to your billing address or other pertinent contact information). Absent such notification, EFactor will assume that all of the information related to your credit card remains valid and will submit to the card processor all information that it requires for approval, both when you initially subscribe and, if applicable, upon the commencement of any renewal of that subscription. If any subscription fees or other charges billed to your credit card are declined for any reason, EFactor shall have the right to suspend your subscription until such subscription fees or other charges are paid in full. You agree to pay all costs (including attorneys' fees) incurred by EFactor in collecting any unpaid subscription fees or other charges from you.

Cancellation

You may cancel your subscription by submitting the subscription cancellation form found on the membership section of your profile. EFactor will not process cancellations submitted via email. Cancellation means your subscription will no longer automatically renew.

If you cancel your subscription during your free trial period, you will not be responsible for the payment of a subscription fee. However, if you cancel your subscription after your trial period expires, your Premium Service membership will continue in effect until the current subscription period ends. Once a subscription term has begun, the subscription fee for such subscription term is non-refundable.

EFactor may immediately cancel your subscription, without notice or liability, if it determines in its sole discretion that: (i) you have breached any portion of this Agreement; or (ii) your use of or access to the Premium Service or the website violates any applicable law or regulation or otherwise inhibits any other subscriber from using or accessing the Premium Service or any other service offered by EFactor on the website. None of the foregoing limits any other legal, equitable, or contractual rights available to EFactor.

EFactor may, in its sole discretion, choose not to renew your subscription by sending a notice of non-renewal at any time during your subscription term to the e-mail address you provided when completing your registration. You will be deemed to have received this notice, whether or not you saw it or the e-mail address provided by you continues to be valid. In the event of such a notice, your subscription will cease and will not automatically renew at the end of your then-current subscription term.

EFactor Benefits

Members should be aware that data is passed to the Organisation that will supply the actual medical plan or healthcare plan or any other plan such as may be offered in the future. No claims can be made agains data privacy if a Member chooses to apply for the Services offered by EFactor or any of its providers.

EFactor maintains the right to pass over Member data to third party providers (defined?) without explicitly informing each member at the time of exchange. EFactor warrants however that it will only pass over data where the member will benefit from additional services provided by said third party. Under no circumstances will EFactor provide member data to outside parties for other purposes.

Proprietary Rights in Site Content; Limited License

All content on the Site and available through the Service, including designs, text, graphics, pictures, video, information, applications, software, music, sound and other files, and their selection and arrangement (the "Site Content"), are the proprietary property of the EFactor, its users or its licensors with all rights reserved. No Site Content may be modified, copied, distributed, reproduced, republished, downloaded, displayed, posted, transmitted, or sold in any form or by any means, in whole or in part, without the EFactor's prior written consent, except that the foregoing does not apply to your own User Content (as defined below) that you legally post on the Site.

Trademarks

EFactor's trademarks and trade dress may not be used in connection with any product or service in any manner that is likely to cause confusion and may not be copied, imitated, or used, in whole or in part, without the prior written permission of The EFactor.

User Conduct

You understand and agree not to use The EFactor Service to:

International Use

Recognizing the global nature of the Internet, you agree to comply with all applicable local rules including but not limited to rules regarding online conduct and acceptable content. Specifically, you agree to comply with all applicable laws regarding the transmission of technical data exported from the United States or the country in which you reside.

Information Provided on this Website

In the course of using the EFactor Service, users may provide information about themselves which may be visible to certain other users (see our Privacy Policy to learn more about information collected on this website). You understand that by posting materials on www.efactor.com or otherwise providing materials to EFactor, you are granting to EFactor a royalty-free, perpetual, irrevocable license to use this information in the course of offering the EFactor Service. Furthermore, you understand that EFactor retains the right to reformat, excerpt, or translate any materials submitted by you. You understand that all information publicly posted or privately transmitted through the EFactor is the sole responsibility of the person from which such content originated and that EFactor will not be liable for any errors or omissions in any content. You understand that EFactor cannot guarantee the identity of any other users with whom you may interact in the course of using the EFactor. Additionally, we cannot guarantee the authenticity of any data which users may provide about themselves or relationships they may describe.

Access to Service

Use of manual or automated software, devices, or other processes to "crawl" or "spider" any web pages contained in the EFactor website is strictly prohibited. You agree not to monitor or copy, or allow others to monitor or copy, our web pages or the content included herein. You also agree not to "frame" or otherwise simulate the appearance or function of this website. Furthermore, you agree not to take any action that interferes with the proper working of or places an unreasonable load on our infrastructure, including but not limited to unsolicited communications, attempts to gain unauthorized access, or transmission or activation of computer viruses.

EFactor Communications

In the course of providing you services, EFactor may need to communicate with you via email (see our Privacy Policy to learn more about communications). You agree to receive emails which are specific to your account and necessary for the normal functioning of the EFactor Service, including a series of up to five welcome emails which help inform new users about various features of the EFactor. You also agree to have your name and/or email address listed in the header of certain communications which you initiate through the EFactor Service.

Monitoring and Enforcement

While we have the right to monitor activity and content associated with the EFactor, we are not obligated to do so. And since we do not, and may not have the ability to, control or actively monitor content we don't guarantee its accuracy, integrity or quality. Because community standards vary and individuals sometimes choose not to comply with our policies and practices, in the process of using our website, you may be exposed to content that you find offensive or objectionable. You can contact our Customer Service Department to let us know of content that you find objectionable. We may investigate the complaints and violations of our policies that come to our attention and may take any action that we believe is appropriate, including, but not limited to issuing warnings, removing the content or terminating accounts and/or subscriptions. However, because situations and interpretations vary, we also reserve the right not to take any action. Under no circumstances will we be liable in any way for any content, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of, access to, or denial of access to any content on the website.

Indemnification

By accepting this User Agreement, you agree to indemnify and otherwise hold harmless EFactor, its officers, employees, agents, subsidiaries, affiliates and other partners from any direct, indirect, incidental, special, consequential or exemplary damages resulting from i) your use of the EFactor Service; ii) unauthorized access to or alteration of your communications with or through the EFactor Service, or iii) any other matter relating to the EFactor Service. Any business transactions which may arise between users from their use of EFactor are the sole responsibility of the users involved.

Without limitation of the terms and conditions set forth in our Privacy Policy, you understand and agree that EFactor may disclose personally identifiable information if required to do so by law or in the good faith belief that such disclosure is reasonably necessary to comply with legal process, enforce this User Agreement, or protect the rights, property, or safety of EFactor, its users, and the public.

THIS WEBSITE AND THE SERVICES OFFERED IN CONNECTION WITH THIS WEBSITE IS MADE AVAILABLE BY EFACTOR CORP. FOR EDUCATIONAL PURPOSES ONLY, TO PROVIDE A NETWORKING PLATFORM FOR ENTREPRENEURS AND TO GIVE YOU GENERAL INFORMATION AND A GENERAL UNDERSTANDING OF AVAILABLE FINANCING OPPORTUNITIES. NEITHER THIS WEBSITE NOR THE SERVICES OFFERED IN CONNECTION WITH THIS WEBSITE PROVIDE SPECIFIC ADVICE ABOUT MARKET TRENDS; THE SELECTION AND RETENTION OF ADVISERS; OR THE ADVANTAGES OF INVESTING IN SECURITIES VERSUS OTHER TYPES OF INVESTMENTS. FURTHER, NEITHER THIS WEBSITE NOR THE SERVICES OFFERED IN CONNECTION WITH THIS WEBSITE PROVIDE A SELECTIVE LIST OF SECURITIES OR ASSET ALLOCATION ADVICE. BY USING THIS WEBSITE SITE YOU UNDERSTAND THAT THERE IS NO RELATIONSHIP BETWEEN YOU AND EFACTOR NOR ANY ATTORNEY OR LAW FIRM AFFILIATED WITH EFACTOR OR THIS WEBSITE. ALL MEMBERS SHOULD BE AWARE THAT ANY OFFERS TO PURCHASE OR SELL AND ANY PURCHASES OR SALES OF SECURITIES BY OUR MEMBERS, THROUGH OUR WEBSITE OR OTHERWISE, MUST COMPLY WITH APPLICABLE STATE AND FEDERAL SECURITIES LAWS. IT IS EACH MEMBER’S RESPONSIBILITY TO ENSURE THAT ANY OFFERS TO PURCHASE OR SELL AND ANY PURCAHSES OR SALES OF SECURITIES BY SUCH MEMBERS, THROUGH OUR WEBSITE OR OTHERWISE, COMPLIES WITH ANY APPLICABLE STATE AND FEDERAL SECURITIES LAWS. EFACTOR SHALL NOT BE LIABLE FOR MONETARY RELIEF OR FOR INJUNCTIVE OR OTHER EQUITABLE RELIEF, FOR ANY VIOLATION OF STATE AND/OR FEDERAL SECURITIES LAWS RESULTING FROM ANY ACTIONS RELATING TO THE OFFER TO PURCHASE OR SELL OR ANY PURCHASE OR SALE OR SALE, OF SECURITIES BY MEMBERS THROUGH OUR WEBSITE OR OTHERWISE. NOTHING ON THIS WEBSITE CONSTITUTES, OR IS MEANT TO CONSTITUTE, ADVICE OF ANY KIND. IF YOU REQUIRE ADVICE IN RELATION TO ANY TRANSACTION OR MATTER INVOLVING AN OFFER TO PURCHAE OR SELL ANY SECURITY OR THE PURCHASE OR SALE OF ANY SECURITY, YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL.

Disclaimer of Warranties

YOU UNDERSTAND AND AGREE THAT THE EFactor SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS AND THAT EFactor DOES NOT ASSUME ANY RESPONSIBILITY FOR PROMPT OR PROPER DELIVERY, OR RETENTION OF ANY USER INFORMATION OR COMMUNICATIONS BETWEEN USERS. EFactor ASSUMES NO RESPONSIBILITY FOR THE ACCURACY OR EXISTENCE OF ANY COMMUNICATIONS BETWEEN USERS. EFactor EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

THE EFactor MAKES NO WARRANTY THAT (i) THE EFactor SERVICE WILL MEET YOUR REQUIREMENTS, (ii) THE EFactor SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS THAT MAY BE OBTAINED FROM USE OF THE EFactor SERVICE WILL BE ACCURATE OR RELIABLE, (iv) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE EFactor SERVICE WILL MEET YOUR EXPECTATIONS, AND (V) ANY ERRORS IN THE SOFTWARE WILL BE CORRECTED.

ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE EFactor SERVICE IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL.

NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM EFactor OR THROUGH OR FROM THE EFactor SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THIS USER AGREEMENT.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

Limitation of Liability

YOU EXPRESSLY UNDERSTAND AND AGREE THAT EFactor SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF EFactor HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES). SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU. IN NO EVENT WILL EFactor'S TOTAL CUMULATIVE DAMAGES EXCEED US$ 100.

Termination

The EFactor may terminate your membership, delete your profile and any content or information that you have posted on the Site or through any platform application and/or prohibit you from using or accessing the Service or the Site or any platform application (or any portion, aspect or feature of the Service or the Site or any platform application) for any reason, or no reason, at any time in its sole discretion, with or without notice, including if it believes that you are under 18 and not in high school or college or breaching any provisions of these Terms of Use. When we are notified that a user has died, we will generally, but are not obligated to, keep the user's account active under a special memorialized status for a period of time determined by us to allow other users to post and view comments.

Governing Law; Venue and Jurisdiction

By visiting or using the Site and/or the Service, you agree that the laws of the State of Delaware, without regard to principles of conflict of laws, will govern these Terms of Use and any dispute of any sort that might arise between you and the EFactor or any of our affiliates. With respect to any disputes or claims not subject to arbitration (as set forth below), you agree not to commence or prosecute any action in connection therewith other than in the state and federal courts of Delaware, and you hereby consent to, and waive all defenses of lack of personal jurisdiction and forum non conveniens with respect to, venue and jurisdiction in the state and federal courts of Delaware.

Arbitration

YOU AND THE EFactor AGREE THAT, EXCEPT AS MAY OTHERWISE BE PROVIDED IN REGARD TO SPECIFIC SERVICES ON THE SITE IN ANY SPECIFIC TERMS APPLICABLE TO THOSE SERVICES, THE SOLE AND EXCLUSIVE FORUM AND REMEDY FOR ANY AND ALL DISPUTES AND CLAIMS RELATING IN ANY WAY TO OR ARISING OUT OF THESE TERMS OF USE, THE SITE AND/OR THE SERVICE (INCLUDING YOUR VISIT TO OR USE OF THE SITE AND/OR THE SERVICE) SHALL BE FINAL AND BINDING ARBITRATION, except that: (a) to the extent that either of us has in any manner infringed upon or violated or threatened to infringe upon or violate the other party's patent, copyright, trademark or trade secret rights, or you have otherwise violated any of the user conduct rules set forth above then the parties acknowledge that arbitration is not an adequate remedy at law and that injunctive or other appropriate relief may be sought; and (b) no disputes or claims relating to any transactions you enter into with a third party through the EFactor marketplace may be arbitrated.

Arbitration under this Agreement shall be conducted by the American Arbitration Association (the "AAA") under its Commercial Arbitration Rules and, in the case of consumer disputes, the AAA's Supplementary Procedures for Consumer Related Disputes ( the "AAA Consumer Rules") (collectively the "AAA Rules"). The location of the arbitration and the allocation of costs and fees for such arbitration shall be determined in accordance with such AAA Rules and shall be subject to the limitations provided for in the AAA Consumer Rules (for consumer disputes). The arbitrator's award shall be binding and may be entered as a judgment in any court of competent jurisdiction.

To the fullest extent permitted by applicable law, NO ARBITRATION OR CLAIM UNDER THESE TERMS OF USE SHALL BE JOINED TO ANY OTHER ARBITRATION OR CLAIM, INCLUDING ANY ARBITRATION OR CLAIM INVOLVING ANY OTHER CURRENT OR FORMER USER OF THE SERVICE, AND NO CLASS ARBITRATION PROCEEDINGS SHALL BE PERMITTED. In no event shall any claim, action or proceeding by you related in any way to the Site and/or the Service (including your visit to or use of the Site and/or the Service) be instituted more than three (3) years after the cause of action arose.

Ownership and Copyright

You acknowledge and agree that this website and the information contained in or associated with it are owned by EFactor and/or its third party content providers ("Content Providers") and are protected by U.S. and international copyright and other intellectual property laws. You further acknowledge and agree that the website contains certain proprietary data and information of EFactor and its Content Providers, that you will not use these data or information for any unlawful or unauthorized purpose, and that you will use reasonable efforts to protect them from illicit distribution or use. Each Content Provider is a third party beneficiary of this Agreement to the extent necessary to enable it to enforce its proprietary rights in the data and the applicable use restrictions contained in this Agreement.

Third-Party websites, Links, and Information

This website may contain information, products, and services provided by third parties and links (including advertisements) to websites made available by third parties. This information and these products, services, and links are provided only as a convenience to users of this website. EFactor does not control this information or these products, services, or websites. EFactor does not make any representations or warranties, express or implied, regarding this information or these products, services, or websites and shall not be liable for any information or services received from them. Inclusion of any of the foregoing in this website does not constitute or imply an endorsement, authorization, sponsorship, or affiliation by or with EFactor with respect to any third party, any third party's website or its content, or any information, products, or services provided by a third party.

Other

These Terms of Use constitute the entire agreement between you and EFactor regarding the use of the Site and/or the Service, superseding any prior agreements between you and EFactor relating to your use of the Site or the Service. The failure of EFactor to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision in that or any other instance. If any provision of this Agreement is held invalid, the remainder of this Agreement shall continue in full force and effect. If any provision of these Terms of Use shall be deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these Terms of Use and shall not affect the validity and enforceability of any remaining provisions.