FOUNDERMART LTD
Website Terms of Use

This document is issued by FOUNDERMART LTD (hereinafter referred to as "FounderMart").

PLEASE READ THESE TERMS OF SERVICE CAREFULLY BEFORE USING THIS SITE

What's in these terms?

These terms tell you the rules for using our website www.foundermart.co our site).

Click on the links below to go straight to more information on each area:

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WHO WE ARE AND HOW TO CONTACT US

www.foundermart.co is a site operated by FounderMart (We). We are registered in England and Wales under company number 15842970 and have our registered office at 1339 High Road, Whetstone, London, United Kingdom, N20 9HR.

To contact us, please email charles.sin@foundermart.co
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BY USING OUR SITE YOU ACCEPT THESE TERMS

By using our site, you confirm that you accept these terms of service and that you agree to comply with them.

If you do not agree to these terms, you must not use our site.
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LEGITIMATE INTENTION TO START A BUSINESS

By using our site and creating an account, you agree that you have a legitimate intention to start a business when posting a co-founder listing. This means that you are genuinely seeking a co-founder to join you in starting a new business venture. Any misuse of the platform, including posting listings without a genuine intention to start a business, is strictly prohibited and may result in the suspension or termination of your account.

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PROHIBITION OF ILLEGAL BUSINESS CONTENT

By using our site and creating an account, you agree not to post any content related to illegal businesses or business ideas. This includes, but is not limited to, posting co-founder listings to seek a co-founder for starting an illegal drugs business, where such drugs are illegal in the relevant countries. Any content that promotes or facilitates illegal activities is strictly prohibited and may result in the suspension or termination of your account.

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RISK OF IDEA MISAPPROPRIATION

By using our site and creating a co-founder listing, you acknowledge and accept that there is an inherent risk that other users may view your business idea and potentially develop a similar business. When creating a co-founder listing, you are required to include a description of your business idea, which will be accessible to other users of the site.

You create a co-founder listing and an account at your own risk. The business shall not be held liable for any potential legal issues arising from the misappropriation or misuse of your business idea by others. We strongly recommend that you take appropriate measures to protect your business idea, including but not limited to seeking legal advice on intellectual property protection.

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THERE ARE OTHER TERMS THAT MAY APPLY TO YOU

These terms of service refer to the following additional terms, which also apply to your use of our site:

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WE MAY MAKE CHANGES TO THESE TERMS

We amend these terms from time to time. Every time you wish to use our site, please check these terms to ensure you understand the terms that apply at that time.

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WE MAY MAKE CHANGES TO OUR SITE

We may update and change our site from time to time to reflect changes to our products, our users' needs and our business priorities. We will try to give you reasonable notice of any major changes.

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WE MAY SUSPEND OR WITHDRAW OUR SITE

Our site is made available free of charge.

We do not guarantee that our site, or any content on it, will always be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of our site for business and operational reasons. We will try to give you reasonable notice of any suspension or withdrawal.

You are also responsible for ensuring that all persons who access our site through your internet connection are aware of these terms of service and other applicable terms of service, and that they comply with them.

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WE MAY TRANSFER THIS AGREEMENT TO SOMEONE ELSE

We may transfer our rights and obligations under these terms to another organisation. We will always tell you in writing if this happens and we will ensure that the transfer will not affect your rights under the contract.

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YOU MUST KEEP YOUR ACCOUNT DETAILS SAFE

If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential. You must not disclose it to any third party.

We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our reasonable opinion you have failed to comply with any of the provisions of these terms of service.

If you know or suspect that anyone other than you know your user identification code or password, you must promptly notify us at charles.sin@foundermart.co.

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HOW YOU MAY USE MATERIAL ON OUR SITE

We are the owner or the licensee of all intellectual property rights in our site, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.

Our status (and that of any identified contributors) as the authors of content on our site must always be acknowledged (except where the content is user-generated).

If you print off, copy, download, share or repost any part of our site in breach of these terms of service, your right to use our site will cease immediately and you must, at our option, return or destroy any copies of the materials you have made (except that you are permitted to print off a copy of these terms of service).

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NO TEXT OR DATA MINING, OR WEB SCRAPING

You shall not conduct, facilitate, authorise or permit any text or data mining or web scraping in relation to our site or any services provided via, or in relation to, our site for any purpose, including the development, training, fine-tuning or validation of AI systems or models. This includes using (or permitting, authorising or attempting the use of):

  • Any "robot", "bot", "spider", "scraper" or other automated device, program, tool, algorithm, code, process or methodology to access, obtain, copy, monitor or republish any portion of our site or any data, content, information or services accessed via the same.
  • Any automated analytical technique aimed at analysing text and data in digital form to generate information or develop, train, fine-tune or validate AI systems or models which includes but is not limited to patterns, trends and correlations.

The provisions in this clause should be treated as an express reservation of our rights in this regard, including for the purposes of Article 4(3) of the Digital Copyright Directive ((EU) 2019/790).

You shall not use, and we do not consent to the use of, our site, or any data published by, or contained in, or accessible via, our site or any services provided via, or in relation to, our site for the purposes of developing, training, fine-tuning or validating any AI system or model or for any other purposes not explicitly set out in FounderMart Website Terms of Service: Acceptable Use Policy.

This clause will not apply insofar as (but only to the extent that) we are unable to exclude or limit text or data mining or web scraping activity by contract under the laws which are applicable to us.

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RULES ABOUT LINKING TO OUR SITE

You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it.

You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.

You must not establish a link to our site in any website that is not owned by you.

Our site must not be framed on any other site, nor may you create a link to any part of our site other than the home page.

We reserve the right to withdraw linking permission without notice.

The website in which you are linking must comply in all respects our FounderMart Website Terms of Service: Acceptable Use Policy.

If you wish to link to or make any use of content on our site other than that set out above, please contact charles.sin@foundermart.co.

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OUR TRADE MARKS ARE PENDING REGISTRATION

The names "FM FOUNDERMART" and “FounderMart” are trade marks of FOUNDERMART LTD. These trade marks are currently pending registration in the United Kingdom.

We assert our rights over these trade marks. Any unauthorized use, reproduction, or imitation of these trade marks is strictly prohibited and may result in legal action. Notwithstanding the pending registration, we retain common law rights over these trade marks. We are committed to protecting our brand and intellectual property against any infringement.

We reserve the right to take necessary legal action to protect our trade marks and brand identity from any unauthorized use or infringement.

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NON-CONFIDENTIALITY AND USER RESPONSIBILITY

By uploading your business information, business description, or business idea to FounderMart, you acknowledge and agree that such information is not considered confidential. FounderMart is not liable for any claims of idea theft or misuse by other users.

You are responsible for protecting your intellectual property and should not upload any information you wish to keep confidential. By uploading your information, you consent to its processing as described in our Privacy Policy and Terms & Conditions.

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UPLOADING CONTENT TO OUR SITE

Whenever you make use of a feature that allows you to create content directly on our site, upload or share content to our site, or to make contact with other users of our site, you must comply with the standards set out in FounderMart Website Terms of Service: Acceptable Use Policy.

You warrant that any such contribution complies with those standards, and you are liable to us and indemnify us for any breach of that warranty. This means you will be responsible for any loss or damage we suffer as a result of your breach of warranty.

We will consider any content you upload to our site to be non-confidential and not protected by any trade mark, patent or copyright ("non-proprietary"), that is, in the public domain. You own your content, but you are required to grant us and other users of our site a limited licence to use, store and copy that content and to distribute and make it available to others. The rights you license to us are described under RIGHTS YOU ARE GIVING US TO MATERIAL YOU UPLOAD CLAUSE below.

We also have the right to disclose your identity to anyone who is claiming that any content posted or uploaded by you to our site violates their intellectual property rights or their right to privacy.

We have the right to remove any posting you make on our site if, in our opinion, your post does not comply with the acceptable use standards set out in FounderMart Website Terms of Service: Acceptable Use Policy.

If you wish to contact us in relation to content you have uploaded to our site and that we have taken down, please contact charles.sin@foundermart.co

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RIGHTS YOU ARE GIVING US TO USE MATERIAL YOU UPLOAD

When you upload or post content to our site, you grant us the following rights to use that content:

  • A worldwide, non-exclusive, royalty-free, transferable licence to use, reproduce, distribute, prepare derivative works of, display, and perform that user-generated content in connection with the service provided by the website and across different media including to promote our site or the service to expire when the user deletes the content from our site OR forever OR [SPECIFY TERM].
  • A worldwide, non-exclusive, royalty-free, transferable licence for other users, partners or advertisers to use the content in accordance with the functionality of our site to expire when the user deletes the content from our site OR forever OR [SPECIFY TERM].

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USER-GENERATED CONTENT IS NOT APPROVED BY US

Our site may include information and materials uploaded by other users. This information and these materials have not been verified or approved by us. The information and views expressed by other users on our site do not represent our views or values.

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DO NOT RELY ON INFORMATION ON THIS SITE

The content on our site is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date.

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DISCLAIMER OF LIABILITY

FounderMart does not endorse, support, represent, or guarantee the completeness, truthfulness, accuracy, or reliability of any User Generated Content posted on the site. Users are solely responsible for the content they post and any consequences arising from such content.

To the fullest extent permitted by law, FounderMart shall not be liable for any loss or damage, whether direct, indirect, incidental, special, consequential, or punitive, arising from or related to any User Generated Content, including but not limited to any errors or omissions in such content or any loss or damage incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available via the site.

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Where our site contains links to other sites and resources provided by third parties, these links are provided for your information only. Such links should not be interpreted as approval by us of those linked websites or information you may obtain from them.

We have no control over the contents of those sites or resources.

FounderMart may contain links to third-party websites or services that are not owned or controlled by FounderMart. These links are provided for your convenience only, and FounderMart does not endorse or assume any responsibility for the content, privacy policies, or practices of any third-party websites or services.

By using the site, you acknowledge and agree that FounderMart shall not be liable for any loss or damage, whether direct, indirect, incidental, special, consequential, or punitive, arising from or related to your use of or reliance on any third-party links, including but not limited to:

  • Links to illegal websites,
  • Links that may contain viruses or harmful components,
  • Links to scams or fraudulent websites,
  • Links to offensive or inappropriate content,
  • Any other consequences of accessing third-party links.

We strongly advise you to read the terms and conditions and privacy policies of any third-party websites or services that you visit.

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WE ARE NOT RESPONSIBLE FOR VIRUSES

We do not guarantee that our site will be secure or free from bugs or viruses.

You are responsible for configuring your information technology, computer programs and platform to access our site. You should use your own virus protection software.

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YOU MUST NOT INTRODUCE VIRUSES

You must not misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful, or otherwise harmfully interacting with our site or any part of it. You must not attempt to gain unauthorised access to our site, the server on which our site is stored or any server, computer or database connected to our site or any other equipment or network connected with our site. You must not interfere with, damage or disrupt any software used in the provision of our site or any equipment or network or software owned or used by any third party on which this site relies in any way. You must not attack our site via a denial-of-service attack or a distributed denial-of-service attack. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our site will cease immediately.

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OUR RESPONSIBILITY FOR LOSS OR DAMAGE SUFFERED BY YOU

To all users:

  • We do not exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence or the negligence of our employees, agents, or subcontractors, and for fraud or fraudulent misrepresentation.
  • We will not be liable to you for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with:
    • use of, or inability to use, our site; or
    • use of or reliance on any content displayed on our site.
  • In particular, we will not be liable for:
    • loss of profits, sales, business, or revenue;
    • business interruption;
    • loss of anticipated savings;
    • loss of business opportunity, goodwill, or reputation;
    • any indirect or consequential loss or damage;
    • money co-founders have invested into starting a business;
    • loss of capital gains;
    • loss of earnings; or
    • any other forms of financial losses arising from the use of the site or any related services.

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HOW WE RESOLVE DISPUTES

In the event of any dispute arising out of or in connection with these Terms of Use, the parties agree to first attempt to resolve the dispute through mediation. The mediation will be conducted by a mediator agreed upon by both parties, or, if no agreement can be reached, a mediator appointed by the Centre for Effective Dispute Resolution (CEDR). The parties agree to participate in the mediation in good faith and undertake to abide by any agreement reached.

If the dispute is not resolved through mediation within 60 days from the initiation of the mediation process, either party may then refer the dispute to the courts of England and Wales.

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HOW WE MAY USE YOUR PERSONAL INFORMATION

We will only use your personal information as set out in our Privacy Policy.

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WHICH COUNTRY'S LAWS APPLY TO ANY DISPUTES?

These terms of use, their subject matter and their formation (and any non-contractual disputes or claims) are governed by English law. We both agree to the exclusive jurisdiction of the courts of England and Wales.

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