As a Project Owner, you shall:
(a) Apply any funds you receive from Backers solely and directly for the purposes of achieving the Project Goals and use them for no other purposes;
(b) Meet all commitments you make in your Project including, but not limited to, delivering all Rewards you offer to Backers;
(c) Use all reasonable endeavours to fulfil each Reward by the estimated fulfilment or delivery date (as applicable), specified by you on the applicable Project Profile page;
(d) Promptly and accurately respond in full, and to our satisfaction, to all queries, clarifications or requests made by us and/or any Backer;
(e) Not use any personal information we share with you in connection with a Backer for any reason other than fulfilling a Reward or contacting them in relation to the Project for which they have made a Pledge;
(f) Promptly contact and work with Backers to reach a mutually satisfactory resolution, which may include refunding their Pledges if you are unable to fulfil any of your commitments (including providing any Rewards);
(g) Comply with all applicable laws and regulations in relation to your Project, your use of Pledges and offer of and fulfilment of Rewards;
(h) Be responsible for paying all fees and collecting and remitting all applicable taxes (including Income Tax and VAT or similar taxes) connected with your use of crowd-velocity.co.uk, the Pledges you receive and the Rewards you offer; and
(i) Not take (or refrain from taking) any action or make any business or other decision in reliance on having your Project posted on crowd-velocity.co.uk, or on having any funds from Pledges until you have received clear funds into your bank account.
Specifically: When offering Rewards you must:
(a) List the type of Rewards you’re offering in exchange for each donation amount;
(b) Include a disclaimer on your campaign site and marketing material that you will make your best efforts to provide the Reward, but delivery is not guaranteed.
Please note, however, that as per these terms Project Owners are expected to deliver all Rewards which have been promised to the Backers who committed Funds to the Project.