These Terms and Conditions ("Agreement") govern your use of the Mamun crowdfunding platform ("Mamun") provided by Mamun Crowd Funding LLC (CR 1471644) ("Provider"). By accessing or using Mamun, you agree to be bound by this Agreement. If you do not agree with any part of this Agreement, you may not use Mamun.
W1.1 Eligibility: Mamun is available to individuals who are at least 18 years old and have the legal capacity to enter into a binding agreement. By using Mamun, you represent and warrant that you meet these eligibility requirements.
1.2 Account Creation: To use certain features of Mamun, you may need to create an account. You are responsible for maintaining the confidentiality of your account and all activities that occur under your account.
1.3 License: Provider grants you a non-exclusive, non-transferable, revocable license to use Mamun solely for the purpose of participating in crowdfunding campaigns, subject to the terms and conditions of this Agreement.
2.1 Businesses Seeking Finance/Investment: Mamun provides a platform for Businesses to raise funds for their projects, business ventures. The Businesses are solely responsible for the content, accuracy, and fulfillment of their crowdfunding campaigns.
2.2 Investors: As an Investor, you understand that contributing funds to a crowdfunding campaign does not guarantee the success or delivery of the project. You acknowledge that all contributions are made voluntarily and at your own risk.
2.3 Funding Goals and Timeframes: Each crowdfunding campaign on Mamun will have a specified funding goal and timeframe. If the funding goal is not met within the specified timeframe, the project may not proceed, and any funds contributed will be returned to the Investors.
2.4 Contributions and Rewards: Contributions made to crowdfunding campaigns may entitle you to certain rewards or benefits as determined by the Businesses, including your membership tier (Basic or Premium). The Businesses are responsible for fulfilling these rewards and benefits.
2.5 Sharia Compliance: Mamun has a designated Sharia Advisor that oversees the Sharia Compliance of all crowdfunding campaigns.
3.1 Compliance with Laws: You agree to comply with all applicable laws and regulations while using Mamun. You will not use Mamun for any unlawful, fraudulent, or unauthorized purposes.
3.2 Accurate Information: You agree to provide accurate, current, and complete information when creating an account or participating in a crowdfunding campaign. Any misrepresentation of information may result in the termination of your account or the cancellation of your investments.
3.3 Communication and Updates: You acknowledge that Businesses may communicate with Investors through Mamun regarding their crowdfunding campaigns. You agree to review and respond to any communication or updates from Businesses in a timely manner.
4.1 Ownership: The Mamun platform, including all associated intellectual property rights, is owned by the Provider. You agree not to copy, modify, distribute, or create derivative works based on Mamun without the Provider's prior written consent.
4.2 User-Generated Content: By participating in a crowdfunding campaign on Mamun, you grant the Provider a non-exclusive, royalty-free, worldwide license to use, reproduce, modify, adapt, publish, and display the content you submit for the purposes of promoting Mamun or the crowdfunding campaign. No financial information or sensitive data regarding your account, will ever be publicized, and will always be kept private and confidential.
5.1 No Warranty: Mamun is provided on an "as-is" and "as available" basis. Provider makes no warranties, expressed or implied, regarding the accuracy, reliability, or suitability of Mamun for any purpose.
5.2 Indemnification: You agree to indemnify, defend, and hold harmless the Provider, its officers, directors, employees, and affiliates from any claims, damages, liabilities, or expenses arising out of your use of Mamun or any breach of this Agreement.
5.3 Limitation of Liability: Provider shall not be liable for any indirect, incidental, consequential, special, or punitive damages arising out of or in connection with Mamun, even if advised of the possibility of such damages. The total liability of Provider, whether in contract, tort, or otherwise, shall be limited to the amount you paid, if any, to access Mamun.
6.1 Termination by User: You may terminate your use of Mamun at any time by discontinuing your access and ceasing to use the platform.
6.2 Termination by Provider: Provider may terminate this Agreement or suspend your access to Mamun at any time, with or without cause, without prior notice. This is of course will be in very rare circumstances, where we are directed by law enforcement agencies or court orders, to do so.
6.3 Effect of Termination: Upon termination, your right to use Mamun shall cease, and any provisions of this Agreement that should reasonably survive termination will continue to apply, including but not limited to clauses 3, 4 and 5.
7.1 Entire Agreement: This Agreement constitutes the entire agreement between you and Provider regarding Mamun and supersedes any prior agreements or understandings. Upon entering into an Investment in Mamun, it shall be governed by its own unique investment agreement. Other agreements will be presented to you regarding cash-in/depositing funds, and withdrawals. Please carefully review those agreements, as they will be read alongside this agreement. These T&Cs govern your general use of the platform.
7.2 Amendments: Provider may modify this Agreement from time to time by posting the revised version on the Mamun platform. Your continued use of Mamun after the modifications will constitute your acceptance of the revised Agreement.
7.3 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the Sultanate of Oman, and in the case of any dispute, the final and exclusive forum shall be by Arbitration. In English, in Muscat, by 1 (one) arbitrator.
7.4 Severability: If any provision of this Agreement is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.
7.5 Waiver: The failure of either party to enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision.
By using Mamun, you acknowledge that you have read, understood, and agreed to be bound by these Terms and Conditions.