Last Update: 20 April 2018
These Terms are legally binding
We may from time to time notify you of changes to these Terms. If you access or use the Services, or continue accessing or using the Services after being notified of a change to the Terms, you confirm that you have read, understand and agree to be bound by the Terms.
If you have any questions or concerns please email us at: firstname.lastname@example.org.
You are an Authorised User with an Account, enabling you to control a Data Room
Individuals may create an Account on the Finpoint platform with a view to control a Data Room, or be invited to join a Data Room of another Authorised User.
Certain Accounts may be subject to additional written agreements that are entered between an organisation and Finpoint, which may result in different permissions for Authorised Users to create and configure a Data Room as part of our Services. Each invitee granted access to the Services, including you, is an “Authorised User”.
Any Authorised User represents and warrants to Finpoint that:
When an Authorised User (including, you) submits content or information to the Services, such as messages or files (“Customer Data”), you acknowledge and agree that the Customer Data is owned and the responsibility of the Authorised User that submitted it. You agree to use all reasonable endeavours to ensure that all Customer Data and Other Information shared by you on the Platform will be accurate, clear and not misleading. If any of the Customer Data and Other Information you submit is based on third party information, you agree to use all reasonable endeavours to verify the accuracy of this information.
The Account provides Authorised Users with choices and control over that Customer Data. For example, Authorised Users may enable or disable access to the Services, enable or disable third party integrations, manage permissions, share Data Rooms with other Authorised Users, and these choices and instructions may result in the access, use, disclosure, modification or deletion of certain or all Customer Data. Please contact us for more detail on our different Service plans and the options available to Authorised Users.
Whenever you upload material to any Finpoint Website(s) and Services, you warrant that such material does not breach any Intellectual Property Rights held by any third party. We will not be responsible, or liable to any third party, for the content or accuracy of any materials posted by you or any other Authorised User.
We have the right to edit and/or remove any material or posting you make on the Website(s) or Services if, in our opinion, such material does not comply with what we consider an appropriate use of the Website(s) or Services.
Our relationship with you
You agree that it is solely your own, or the Authorised User’s, responsibility to:
Finpoint makes no representations or warranties of any kind, whether express or implied, to you relating to the Services, which are provided to you on an “as is” and “as available” basis.
Access to the Website may be suspended temporarily and without notice in the case of system failure, maintenance or repair or for reasons beyond our control. As far as is reasonably practicable, we will inform you about restrictions and interruptions to the Website by email. We will restore the availability of the Website as soon as is reasonably practicable.
Whilst we make every effort to ensure the Website is available and secure, given the nature of the Internet, we do not warrant or guarantee this will always be the case. You agree to use the Website at your own risk. Finpoint accepts no liability and responsibility for any amount or kind of loss or damage that may result to you or a third party on account of your access to, use of, or browsing of the Website(s) or Services.
You agree to keep your user name and password confidential to yourself at all times to ensure that no unauthorised parties gain access to the Platform via your Account. You will notify us immediately if you identify a breach of your Account.
Scope of Services
Following registration as Authorised User, the Services will continue in force until terminated by the respective Authorised User or Finpoint. On termination of the Services, the right of the respective Authorised User to access the Platform will be withdrawn and the respective Account will be deleted. Finpoint will have the right to delete the stored Data of the respective Authorised User.
Confidentiality & Data Protection
Please review our Data Protection Policy for more information on how we collect and use data relating to the use and performance of our products.
As a Authorised User of the Website(s) and Services, you are obliged to treat Customer Data and Other Information with the same care as would be accorded to your own confidential information.
You are not permitted to disclose any Customer Data and Other Information obtained through Finpoint Services to third parties without express consent from the Authorised User that uploaded or shared the information with you.
Finpoint levies fees on Third Parties for a variety of purposes, such as:
Finpoint will be entitled to invoice Third Parties for the Transaction Fee or any commission receivable following the completion of the Financing Transaction (plus VAT at the applicable rate) immediately upon being advised or otherwise becoming aware of the completion of the Financing Transaction which will be payable within 14 days of the invoice being sent. If payment has not been received within 14 days of the invoice being sent, interest shall accrue on the unpaid amount from the due to the actual date of payment (after as well as before judgment); interest shall be calculated on the basis of a year of 365 days and for the actual number of days elapsed, shall accrue from day-to-day, and shall be compounded quarterly. The interest rate shall be two per cent (2%) above the base rate of Metro Bank, as amended from time to time.
Limitation of Liability
Save as precluded by law, Finpoint will not under any circumstances be liable to you or any person for any loss or damage, whether directly or indirectly arising, or for any indirect, consequential or special loss or damage arising out of, or in connection with, the Services or otherwise, regardless of the type of claim, whether in contract, tort (including negligence), misrepresentation, strict liability, under an indemnity or other legal or equitable theory, whether or not foreseeable, and regardless of the cause of such losses. Nothing in this clause will exclude or limit our liability to you that is caused by negligence, fraud or wilful default.
The sections titled “Our relationship with you”, “Limitation of Liability” and “Survival” will survive any termination or expiration of the User Terms.
Notices sent to us should be sent to email@example.com.
Governing Law and Jurisdiction
Definitions and Interpretations
“Finpoint” – Finpoint Limited, a company registered in England and Wales with Companies House number 08846630.
“Account” – An account consists of details such as email address, phone number, password, domain and/or similar details. Accounts are used by Finpoint to manage Authorised Users and their access to Finpoint Services and/or Website(s).
“Authorised User” – The individual that – on behalf of the legal entity they represent on the Platform – accesses and uses our Services to control their instance of such Services (their “Data Room”) and any associated Customer Data.
“Basis point” means one hundredth of one percentage point.
“Customer Data” – Any messages, files or other content shared through Finpoint Services and/or Accounts
“Data Room” – The way Authorised Users access and use our Services and control their instance of such Services (e.g. to collaborate with other Authorised Users), along with any associated Customer Data.
“Financing Transaction” means any financing agreement arranged between two Authorised Users on behalf of the legal entity they represent on the Platform.
“Financing Volume” means in respect of a Financing Transaction: (i) for Financing: the principal amount of Financing committed whether or not drawn down; (ii) for receivables financings: the maximum amount of receivables which the Funder has agreed to finance at any one time; (iii) for leases: the value of the assets subject to the lease; and (iv) for a commodity backed Murabaha transaction: the total facility limit.
“Funder” means a person registered on the Platform with a view to providing financing;
“Intellectual Property Rights” means: (a) patents, utility models, supplementary protection certificates, rights in trade secrets and other confidential or undisclosed information (such as inventions (whether patentable or not) or know-how) registered designs, rights in copyright, database rights, design rights, trademarks and service marks; (b) all rights in the nature of any of the items referred to in paragraph (a) including continuations, continuations in part and divisional applications, reputation, personality or image, trade names, business names, brand names, get-up, logos, domain names and URLs, rights in unfair competition and, without prejudice to anything set out elsewhere in this definition, rights to sue for passing off and all rights having equivalent or similar effect to, and the right to apply for any of, the rights referred to in this definition in any jurisdiction.
“Other Information” – Please see a detailed description of what we mean in the section titled “Why we need your data and what we do with it”.
“Personal Data” – Personal data means data relating to a natural person, registered on its own or as part of a company, financial institution or service provider for use in connection with a Data Room or other legitimate Finpoint business activities. Under certain circumstances, this can be the personal data of the respective authorised representative(s) of such companies, financial institutions or service providers.
“Platform” – the transactional online platform that gives Authorised Users access to a Data Room and that allows Authorised Users to connect with each other.
“Sensitive Personal Data” – Personal data relating to a natural person, such as information on his or her background, qualifications and experience.
“Services” – Finpoint’s platform, telephone support, our associated mobile and desktop tools we offer to Authorised Users.
“Third Party Data” – Please see a detailed description of what we mean in paragraph 7 of the section titled “Why we need your data and what we do with it”.
“Third Party Services” – any service or business which we may refer Authorised Users to, with their consent, irrespective of whether the service is integrated into the Finpoint platform or not.
“Transaction Fee” means the fee payable to Finpoint according to clause 10.1 in respect of any Financing Transaction.
“Website(s)” – Finpoint.co.uk and such other websites where Finpoint is the operator.
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