Terms of Service


These terms of use describe the terms and conditions that govern the use of the Woomentum.Fund website and services ("Services") of Woomentum Pte. Ltd, a Singapore registered company ("Woomentum"). By using the Services, users agree to be bound by these Terms of Use, our Privacy Policy, and all applicable laws (collectively, "Terms"). Woomentum may amend the Terms at any time by posting a revised version of the Terms on our Services. The continued use of the Service following the posting of any changes to the Terms constitutes acceptance of those changes. Woomentum.Fund is a Venue Woomentum.Fund is an online crowdfunding venue for people and entities seeking to raise funds for their own campaigns ("Campaigners") and for those seeking to contribute to the campaigns of others ("Funders"). Campaigners can offer gifts or rewards in the form of tangible items or intangible services (collectively, "Rewards") to Funders. Rewards are not offered for sale. Woomentum makes no representations about the quality, safety, morality or legality of any campaign, contribution or Reward or the truth or accuracy of User Content as per below definition posted on the Services. Woomentum does not represent that Campaigners will deliver Rewards or that contributions will be used as described in the campaign. Users use the Services at their own risk. Eligibility to Use the Services Users under 18 years of age are not eligible to use the Services without consent. Users between the ages of 13 and 17, can use the Services with the consent and supervision of a parent or legal guardian who is at least 18 years old, provided such parent or legal guardian also agrees to be bound by the Terms and agrees to be responsible for such use of the Services. Users suspended from using the Services are not eligible to use the Services. Woomentum reserves the right to refuse use of the Services to anyone and to reject, cancel, interrupt, remove or suspend any campaign, contribution, or the Services at any time for any reason without liability. Prohibited Campaigns Campaigners are not permitted to create a campaign to raise funds for illegal activities, to cause harm to people or property, or to scam othersUsers must comply with all applicable laws and regulations in connection with their campaigns, including offering Rewards and using contributions. Campaigners shall not make any false or misleading statements in connection with their campaigns. Contribution to Campaigns and Fees All contributions to campaigns are collected through the PayPal online payment service. Woomentum charges fees to Campaigners only if their project successfully reaches their funding target. In the case of successful projects, Woomentum will initiate a capture of all contributions from Funders and transfer the funds to the Campaigner directly, minus the PayPal and the Woomentum fees. The PayPal fees vary depending on the PayPal account type and location. Campaigners and Funders must agree and comply with the PayPal Fee and Acceptable Use Policy. Woomentum fees are 4% of the total contributions, before deduction of the PayPal fees. In the case of unsuccessful projects, the pre¬authorised transaction for a Funder’s pledge will be cancelled by Woomentum at the project deadline. No funds will be captured from the Funders and no funds will be transferred to the Campaigner. No fees or charges apply. Woomentum cannot guarantee the performance or reliability of the PayPal online payment service. Additionally, because of occasional failures of online payment transactions, Woomentum cannot guarantee the full receipt of the total funds pledged to a Campaigner. The maximum contribution amount is 50k USD per campaign. The maximum reward value is 250 USD per reward. Prohibited Rewards Campaign Owners are not permitted to offer or provide any of the following as a Reward: • any form of "security" (as such term is defined in the Securities Act of 1933); • any form of financial incentive or participation in any profit sharing; • any alcoholic consumer products (vouchers or memberships offering physical delivery of alcoholic consumer products are permitted); • any controlled substance or drug paraphernalia; • any weapons, ammunition and related accessories; • any form of lottery or gambling; • any form of air transportation; or • any items promoting hate, discrimination, personal injury, death, damage, or destruction to property; or any items (a) prohibited by applicable law to possess or distribute, (b) that would violate applicable law if distributed, or (c) that would result in infringement or violation of another person's rights if distributed. Woomentum Community Guidelines Woomentum.Fund is not a place for hatred, abuse, discrimination, disrespect, profanity, meanness, harassment, or spam. All campaigns and contributions shall be in respect of these guidelines. Woomentum reserves the right to terminate user accounts in the case of non-respect of these guidelines. Campaigners and Funders Campaigners will respond promptly and truthfully to all questions posed to them by Woomentum or any Funder Funders are solely responsible for asking questions and investigating Campaigners and campaigns to the extent they feel is necessary before making a contribution. All contributions are made voluntarily and at the sole discretion and risk of the Funder. Campaigners have a legal obligation to to perform on any promise and/or commitment to Funders including delivering Rewards. If a Campaigner is unable to perform on any promise and/or commitment to one or several Funders, the Campaigner will work with the Fundersto reach an amicable solution. This may include the issuance of a refund of contributions by the Campaigner to the Funders . Woomentum is under no obligation to become involved in disputes between Campaigners and Funders, or users and any third party. In the event of any dispute, such as a Campaigner’salleged failure to comply with the Terms or alleged failure in fulfillment of a Reward, Woomentum may provide the Campaigner’s contact information to the Funderso that the two parties may find an amicable solution to their their dispute. Campaigners will comply with all applicable laws and regulations in the use of contributions and delivery of Rewards. Campaigners are responsible for collecting and remitting any taxes on contributions, and any taxes due in connection with Rewards. Funders are solely responsible for determining how to treat their contributions and receipt of any Rewards for tax purposes. If a contribution is returned to a Funder, the associated Reward, if any, shall be cancelled. User Accounts All information submitted in connection with a user account on the Services ( “User Account”) must be accurate and truthful. Users agree to notify Woomentum immediately if their User Account has been used without authorization or there has been any other breach of security of the User Account. Each User also agrees to provide additional and true information Woomentum may reasonably request.. License to Users Woomentum grants each user a limited, non-exclusive, non-transferable, revocable license to use the Services subject to such user's eligibility and compliance with the Terms. User Content While using the Services, users may post photos, videos, text, graphics, logos artwork and other audio or visual materials ("User Content"). Users grant Woomentum a perpetual, non-exclusive, royalty-free, transferable, sub-licensable, worldwide license to use, publicly display, publicly perform, store, reproduce, modify, and distribute User Content of any user on or in connection with the Services and our related marketing and promotional activities. Users continue to hold all ownership interest in their User Content. Each user represents and warrants that its User Content and Woomentum’s use of such User Content will not infringe any third party's intellectual property rights, proprietary rights, privacy rights, confidentiality, rights of publicity or otherwise violate these Terms or applicable law. Third-Party Websites, Advertisers or Services The Services may contain links to third-party websites, advertisers, or services that are not owned or controlled by Woomentum. Access to or use of third-party sites or services are at each user's own risk. Users have to be aware of when they leave the Services, and to read the terms and conditions and privacy policy of any third-party website or service that they visit. Indemnification Each user agrees, to the fullest extent permitted by applicable law, to defend, indemnify and hold harmless Woomentum, its subsidiaries, affiliated companies, officers, directors, employees, contractors and agents from and against all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney's fees), arising from the use of and access to the Services; the violation of any term of these Terms; the violation of any third party right, including without limitation any copyright, property, or privacy right; or any claim that a campaign or its related content caused damage to a third party. Users agree to assist and cooperate with Woomentum in the defense or settlement of any matter of which users have agreed to indemnify Woomentum. No Warranty THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OR COURSE OF PERFORMANCE. USE OF THE SERVICES IS AT USER'S OWN RISK. THE PROVISIONS OF THIS SECTION 15 SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN ANY APPLICABLE JURISDICTION. Limitation of Liability IN NO EVENT SHALL WOOMENTUM, ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, CONSEQUENTIAL OR EXEMPLARY DAMAGES WHATSOEVER, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES, RESULTING FROM: (I) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT; (II) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER RESULTING FROM USER’S ACCESS TO AND USE OF THE SERVICE; (III) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE SERVICES; (IV) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (V) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICE; (VI) ANY BUGS, VIRUSES, TROJAN HORSES OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SERVICE BY ANY THIRD PARTY; (VII) STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SERVICES; (VII) ANY OTHER MATTER RELATING TO THE SERVICE, AND/OR (VIII) ANY ERROR OR OMISSION IN ANY CONTENT OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, EMAILED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE THROUGH THE SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT WOOMENTUM IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN ANY APPLICABLE JURISDICTION. Assignment The Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by any user, but may be assigned by Woomentum without restriction or the user’s consent. Termination; Survival Termination may result in the forfeiture and destruction of all information associated with any user account. Users may terminate their user account by following the instructions on the Services, but Woomentum may retain the user account information after termination in accordance with regulatory, accounting, and legal compliance procedures. All provisions of the Terms that by their nature should survive termination shall survive termination, including, without limitation, warranty disclaimers, indemnity and limitations of liability. Governing Law Users agree that: (a) the Services shall be deemed solely based in Singapore, the principal place of business and headquarters of Woomentum; and (b) the Services shall be deemed a passive one that does not give rise to personal jurisdiction over Woomentum, either specific or general, in jurisdictions other than Singapore. The Terms shall be governed by the laws of the Republic of Singapore, and and any claims or disputes of whatever nature shall be subject to the exclusive jurisdiction of the courts of the Republic of Singapore. These Terms constitute the entire, complete and exclusive agreement between the users and Woomentum regarding the Services and supersede all prior agreements and understandings, whether written or oral, or whether established by custom, practice, policy or precedent, with respect to the subject matter of the Terms. Contact Mouna Aouri Langendorf Email: Mouna@woomentum.com Updates To These Terms None.