Disclaimer: Please read these terms of use carefully before
using the Levenue Platform. By clicking the "I agree" button,
(i) you agree that your use of the Levenue Platform shall be
governed by these general terms of use, (ii) you explicitly
confirm all acknowledgments, agreements, representations and
warranties as set out in these general terms of use.
These general terms of use (the "General Terms of Use") describe
the terms and conditions under which users can use the Levenue
Platform (as defined hereinafter). If you are using the Levenue
Platform on behalf of a company or other legal entity, you
represent and warrant that you have the authority to bind that
entity to these terms of use, and "User" or "you" and will refer
to you or to that entity, as applicable.
The Levenue Platform is operated and managed by Levenue B.V., a
private company with limited liability incorporated under the laws
of the Netherlands, having its seat in Breda, the Netherlands, and
its registered office at Markendaalseweg 44, 4811KC Breda, the
Netherlands and registered with the Dutch Commercial Register
under number862436400 ("Levenue", "we" or "us"). If you have any
questions about the Levenue Platform or these Terms of Use, please
contact us at
termsofuse@levenue.com.
These General Terms of Use shall be deemed supplemented with any
specific agreement entered into between you and Levenue (any such
specific agreement, the "Specific Terms of Use")and such Specific
Terms of Use shall be deemed to form part of the terms of use
(these General Terms of Use together with such Specific Terms, the
"Terms of Use").
Where there is a conflict between the constituent parts of the
Terms of Use, the Specific Terms of Use shall prevail over these
General Terms of Use, unless explicitly stated that the relevant
provision of the Specific Terms of Use is amended in which case
these General Terms of Use shall prevail. Notwithstanding the
foregoing, (i) any and all rights of Levenue as set out in these
General Terms of Use shall apply cumulatively and be enforceable
against the User in addition to the rights of Levenue as set out
in the Specific Terms of Use, and (ii) any and all representations
and warranties, indemnification obligations and other undertakings
of the User as set out in these General Terms of Use shall apply
cumulatively and be enforceable against the User in addition to
the representations and warranties, indemnification obligations
and other undertakings of the User as set out in the Specific
Terms of Use.
1. The Levenue Platform
1.1
The Levenue platform is an online platform whichbrings
together companies with a business model based on recurring
revenues (each a "XaaSBusiness") seeking to obtain financing
for growth, andinvestorsinterested in providing such financing
("Investors").The Levenue platform operates as a "market
place" where XaaS Companies can turn monthly recurring
revenues into an upfront annual payment.The platform and the
services accessible via the platform (including with respect
to the "market place", the access to and analysis of data by
Levenue, and the matching of "orders" between the "buy side"
and the "sell side") are collectively referred to as the
"Levenue Platform".
1.2
Levenue intends to submit or has submitted an application to
become a duly licensed crowdfunding service provider in
accordance with Regulation (EU) 2020/1503 of the European
Parliament and of the Council of 7 October 2020 on European
crowdfunding service providers for business, which will apply
from 10 November 2021. As long as the application process is
pending, the Levenue Platform will be restricted to XaaS
Businesses and Investors incorporated in certain jurisdictions
and provided, in the case of the Investors, that they qualify
as qualified investors, as defined in Regulation (EU)
2017/1129 of the European Parliament and of the Council of 14
June 2017 on the prospectus to be published when securities
are offered to the public or admitted to trading on a
regulated market, and the minimum amount of each financing
transaction will be EUR 100,000.
1.3
The Levenue Platform is currently intended solely for XaaS
Businesses and Investors which are companies or legal entities
duly incorporated in Belgium, The Netherlands, Luxembourg or
England and Wales, provided that Levenue may also accept XaaS
Businesses or Investors in other jurisdictions. The Levenue
Platform is not intended for individuals or sole traders.
In case you need technical support, you can contact us on the
following e-mail address
technical@levenue.com.
2. Applicability, Changes and Terms of Service of Third Party
Servicer Providers
2.1
You acknowledge and agree that your use of the Levenue
Platform is exclusively governed by the Terms of Use, even
when they are conflicting your or your company's general or
special terms and conditions. The fact that Levenue did not
explicitly reject the terms and conditions of the User shall
not be interpreted by the User as an acceptance by Levenue of
such terms and conditions. If you do not agree to any
provision of the Terms of Use, you will stop using the Levenue
Platform immediately, even if you already have an account.
2.2
We reserve the right at any time, and from time to time, with
or without cause to:
a)
change the Levenue Platform, including eliminating or
discontinuing, temporarily or permanently, any service or
other feature of the Levenue Platform without any liability
towards the User or any third parties;
b)
amend or change the Terms of Use; or
c)
deny or terminate, in part, temporarily or permanently, your
use of and/or access to the Levenue Platform as set forth
herein.
Any such amendments or changes made will be effective
immediately upon us making such changes available in the Levenue
Platform or otherwise providing notice thereof. You agree that
your continued use of the Levenue Platform after such changes
constitutes your acceptance of such changes.
2.3
Where the Levenue Platform use services of third parties, the
terms of service and/or privacy policies of such thirdparty
service provider may apply. You will be notified ifsuch
third-party terms of services and/or privacy policies are
applicable. By accessing such third-party service, you agree
to comply with the applicable terms, and you acknowledge that
you are the sole party to such terms. Levenueshall not be held
liable in any way in connection to the content of such
third-parties' terms or privacy policy, or with respect to the
compliance therewith by such third-party.
3. Use of the Levenue platform
3.1
To use the Levenue Platform, your device requires a WIFI or
mobile internet connection. The access to such WIFI or mobile
internet connection is your sole responsibility. Please make
sure that your mobile device meets the minimum system
requirements. If your device does not meet these minimum
system requirements, we cannot ensure that the Levenue
Platform will function properly. Levenue shall not be liable
for any loss or damage in connection with your failure to
comply with the above requirements.
3.2
You shall be fully responsible for all activities that arise
under your account. You shall be solely responsible for
maintaining the confidentiality and security of your account
login information such as your password. You shall immediately
notify any unauthorised use, or suspected unauthorised use of
your account or any other breach of security with respect to
your account on the Levenue Platform. Levenue shall not be
liable for any loss or damage arising from your failure to
comply with the above-mentioned requirements.
3.3
Levenue has the right, but not the obligation, atits sole
discretion, to provide you with certain updates of the Levenue
Platform.
4. Licence Granted to the User
4.1
During the Term (as defined in Clause 11) and subject to your
compliance withthe Terms of Use, andsubject to the timely
payment of any fees that you owe to Levenue, Levenue grants
you a worldwide, non-exclusive, personal, restricted,
non-sublicensable and non-transferable licence to use the
Levenue Platform(the "License"). You shall use the Levenue
Platform solely in full compliance with (i) the Terms of Use;
(ii) any additional instructions or policies issued by
Levenue, including, but not limited to, those posted within
the Levenue Platform and (iii) any applicable legislation,
rules or regulations.
4.2
You agree to use the Levenue Platform only for its intended
use as set forth in the Terms of Use. Within the limits of the
applicable legislation, rules and regulations, you are not
permitted to:
a)
alter, translate, adapt or modify in any manner the Levenue
Platform;
b)
sublicense, lease, rent, loan, distribute, make available or
otherwise transfer the Levenue Platform to any third party;
c)
make the Levenue Platform available or to sell or rent the
Levenue Platform to any thirdparty;
d)
decompile, reverse engineer, disassemble, or otherwise derive
or determine or attempt to derive or determine the source code
(or the underlying ideas, algorithms, structure or
organisation) of the Levenue Platform;
e)
use or copy the Levenue Platform except as expressly allowed
under this clause4;
f)
gain unauthorised access to accounts of other users;
g)
use the Levenue Platform to conduct or promote any illegal
activities;
h)
use the Levenue Platform to circulate unsolicited e-mail
advertisements or spam;
i)
impersonate any person or entity, or otherwise misrepresent
your affiliation with a person or entity;
j)
use any high volume automatic, electronic or manual processes
to access, search or harvest information from the Levenue
Platform (including without limitation algorithms, robots,
spiders or scripts);
k)
alter, remove, or obscure any copyright notice, digital
watermarks, proprietary legends or other notice included in
the Levenue Platform;
l)
remove or in any manner circumvent any technical or other
protective measures in the Levenue Platform; or
m)
intentionally distribute any worms, Trojan horses, corrupted
files, or other items of a destructive or deceptive nature or
use the Levenue Platform for any unlawful, invasive,
infringing, defamatory or fraudulent purpose.
4.3
Except as expressly set forth herein, no express or implied
licence or right of any kind is granted to you in respect of
the Levenue Platform, including but not limited to any right
to obtain possession of any source code, data or other
technical material relating to the Levenue Platform.
5. Licence granted to Levenue
You grant to Levenue a non-exclusive, perpetual, royalty-free,
worldwide, sublicensable, transferable, license to use, copy,
store, modify, transmit and display the information, data, or
contentyou upload, create or otherwise provide through the Levenue
Platform (including but not limited to any financial or commercial
information uploaded to the Levenue Platform from or through the
XaaS Business' subscription payment management platform (the "User
Content"). Levenue reserves the right, but is not obliged, at its
sole discretion, to review and remove any User Content that
Levenue deems to be in violation with the provisions of the Terms
of Use, any rights of thirdparties, any applicable legislation or
regulation, or that is otherwise deemed inappropriate.
6. Intellectual property rights
6.1
For purposes of these Terms of Use, "Intellectual Property
Rights" shall mean any and all now known or hereafter existing
(a) rights associated with works of authorship, including
copyrights, mask work rights, and moral rights; (b) trademark
or service mark rights; (c) trade secret rights, know-how; (d)
patents, patent rights, and industrial property rights; (e)
layout design rights, design rights, (f) trade and business
names, domain names, database rights, rental rights and any
other industrial or intellectual proprietary rights or similar
right (whether registered or unregistered); (g) registrations,
applications for registration, renewals, extensions,
divisions, improvements or reissues relating to any of these
rights and the right to apply for, maintain and enforce any of
the preceding items, in each case in any jurisdiction
throughout the world.
6.2
Except for the limited licence expressly granted in clause4 by
Levenue to the User, Levenue and/or its licensors will
exclusively retain all rights, titles and interests, including
any Intellectual Property Rights, in and to the Levenue
Platform (or any part thereof), it being understood that
nothing in these Terms of Use shall constitute or be construed
as a transfer of ownership in any proprietary right or title,
including in any Intellectual Property Rights of Levenue to
the User.
6.3
Except for the limited licence expressly granted in clause5 by
the User to Levenue, the User will retain all rights, titles
and interests, including any Intellectual Property Rights, in
and to the User Content, it being understood that nothing in
these Terms of Use shall constitute or be construed as a
transfer of ownership in any proprietary right or title,
including in any Intellectual Property Rights of the User to
Levenue.
7. Suspension for breach
Levenue shall be entitled, at its sole discretion, to suspend or
limit your and your company's access to the Levenue Platform if it
becomes aware or suspects, atits sole discretion, any violation by
you or your company of the Terms of Useor any other instructions,
guidelines or policies issued by Levenue. The duration of any
suspension by Levenue shall be until you have cured the breach
which caused such suspension or limitation.
8. Liability
8.1
To the maximum extent permitted under applicable law, Levenue
shall only be liable for damages resulting from its gross
negligence; wilful misconduct orfraud.
8.2
To the extent legally permitted under applicable law, Levenue
shall not be liable to the User or any thirdparty for any
special, indirect, exemplary, punitive, incidental or
consequential damages of any nature including, but not limited
to damages or costs due to loss of profits, data, revenue,
goodwill, production of use, procurement of substitute
services, or property damage arising out of or in connection
with the Levenue Platform under the Terms of Use, including
but not limited to any miscalculations, or the use, misuse, or
inability to use the Levenue Platform, regardless of the cause
of action or the theory of liability, whether in tort,
contract, or otherwise, even if Levenue have been notified of
the likelihood of such damages.
8.3
To the maximum extent permitted under applicable law, the
liability of Levenue to you in connection with your use of the
Levenue Platform or otherwise for any cause whatsoever will at
all times be limited to the higher of (i) half of the total
transaction fees paid to Levenue in the previous two years
immediately preceding the claim in connection with financing
transactions concluded by you (as XaaS Business or as
Investor) via the Levenue Platform and (ii) EUR 1 million.
8.4
You agree that Levenue can only be held liable as per the
terms of this clause 8 to the extent damages suffered by you
are directly attributable to Levenue. For the avoidance of
doubt, Levenue shall not be liable for any claims resulting
from or in connection with:
a)
the accuracy, completeness, correctness or adequateness for
its intended use of the User Content;
b)
your unauthorised use of the Levenue Platform;
c)
your or any thirdparty's modification of (any parts of) the
Levenue Platform;
d)
your failure to use the most recent version of the Levenue
Platform made available to you or your failure to integrate or
install any corrections to the Levenue Platform issued by
Levenue; or
e)
your use of the Levenue Platform in combination with any
non-Levenue products or services.
9. Warranties
9.1
By Levenue:
9.1.1
Except as expressly provided in this clause 9 and to the
maximum extent permitted by applicable law, the Levenue
Platform is provided "as is", and Levenue makes no (and hereby
disclaims all) other warranties, guarantees, covenants or
representations, or conditions, whether written, oral, express
or implied including, without limitation, any implied
warranties of satisfactory quality, course of dealing, trade
usage or practice, merchantability, accuracy, suitability,
availability, title, non-infringement, or fitness for a
particular use or purpose, with respect to the use, misuse, or
inability to use the Levenue Platform or any other products or
services provided to the User by Levenue. Levenue does not
warrant that the Levenue Platform or its content will meet
your requirements, is error-free, secure, reliable or will
operate without interruption.
9.1.2
The User acknowledges and agrees that there are risks inherent
to transmitting information over and storing information on
the internet and that Levenue is not responsible and cannot be
held liable for any losses of your data, including but not
limited to the User Content.
9.2
By the User:
9.2.1
You make the following representations and warranties to us
(in addition to any representations and warranties contained
in the Specific Terms of Use):
a)
that you have the authority to bind the User's company and its
employees to the Terms of Use;
b)
that any User Content provided by you is accurate, complete,
truthful and adequate for its intended use through the Levenue
Platform, and shall not:
i) infringe any Intellectual Property Rights of
third parties;
ii) misappropriate any trade
secret;
iii) be deceptive, defamatory, obscene,
pornographic or unlawful;
iv)contain any viruses,
worms or other malicious computer programming codes intended
to damage Company's system or data; or
v)
otherwise violate the rights of a thirdparty.
9.2.2
The Useracknowledges and agrees that Levenue is not obligated
to back-up any UserContent. You agree that any use of the
Levenue Platform contrary to or in violation of these
representations and warranties shall constitute unauthorised
and improper use of the Levenue Platform for which Levenue
cannot be held liable.
10. Indemnification
10.1
By Levenue:
10.1.1
Levenue shall defend and indemnify you as specified herein
against any founded and well-substantiated claim(excluding
indirect or consequential damages) brought by third-parties to
the extent such claim is based on an infringement of the
Intellectual Property Rights of such third party by the
Levenue Platform and excluding any claims resulting from or in
connection with:
a) the accuracy, completeness, correctness or
adequateness for its intended use of the User Content;
b) your unauthorised use of the Levenue Platform;
c) your or any thirdparty's modification of (any
parts of) the Levenue Platform;
d) your failure to use the most recent version of
the Levenue Platform made available to you or your failure to
integrate or install any corrections to the Levenue Platform
issued by Levenue; or
e) your use of the Levenue Platform in combination
with any non-Levenue products or services.
10.1.2
Such indemnity obligation shall be conditional upon the
following:
a) Levenue is given prompt written notice of any
such claim;
b) your unauthorised use of the Levenue Platform;
c) upon Levenue's request, the User fully
cooperates with Levenue in the defence and settlement of such
a claim, at Levenue's expense; and
d) the User makes no admission as to Levenue's
liability in respect of such a claim, nor does the User agree
to any settlement in respect of such a claim without Levenue's
prior written consent.
10.1.3
Provided that the conditions set out in the Terms of Use are
met, Levenue shall indemnify the User for all damages and
costs incurred by the User as a result of such a claim, up to
the maximum amount provided in clause 8.3.
10.1.4
In the event the Levenue Platform, in Levenue's reasonable
opinion, is likely to or becomes the subject of a third party
infringement claim (as per this clause10.1), Levenue shall
have the right, at its sole discretion and expense, to:
a) modify the (allegedly) infringing part of the
Levenue Platform so that it becomes non-infringing while
preserving materially equivalent functionalities;
b) obtain for the Usera licence to continue using
the Levenue Platform in accordance with these Terms of Use; or
c) terminate the Terms of Use and/or any other
agreement entered into between the User and Levenue.
10.1.5
The foregoing states the entire liability and obligation of
Levenue and the sole remedy of the User with respect to any
infringement or alleged infringement of any Intellectual
Property Rights caused by the Levenue Platform or any part
thereof.
10.2
By the User:
You hereby agree to indemnify and hold harmless Levenue and
its current and future affiliates, officers, directors,
employees, agents and representatives from each and every
demand, claim, loss, liability, or damage of any kind
whatsoever (including reasonable attorney's fees) whether in
tort or in contract, that it or any of them may incur by
reason of, arising out of or in connection with any claim
which is made by any third party with respect to:
a)
your access to or use of the Levenue Platform;
b)
any breach or violation by you of any provisions of the Terms
of Use or any other instructions or policies issued by
Levenue;
c)
any User Content (including where such User Content violates
or is alleged to violate any Intellectual Property Rights of a
third party);or
d)
fraud, wilful misconduct, or gross negligence committed by
you.
11. Term
11.1
Levenue shall grant you a licence to use the Levenue Platform
in accordance with clause for a term as set out in the
Specific Terms of Use, unless the Terms of Use are terminated
prior to the end date as specified in theSpecific Terms of
Use, in accordance with clause 12 (the "Term").
11.2
At the end of the Term, any rights on the Levenue Platform
that were granted to you under these Terms of Use shall
automatically expire.
12. Termination
12.1
Levenue may terminate the Terms of Use and your right to
access and use the Levenue Platform at any time, with
immediate effect, for any reason (including for convenience).
12.2
Levenue may terminate the Terms of Use and your right to
access and use the Levenue Platform with immediate effect if
Levenue believes or has reasonable grounds to suspect that you
are violating the Terms of Use (including but not limited to
any violation of the Intellectual Property Rights of Levenue)
or any other guidelines or policies issued by Levenue.
12.3
Upon the termination of the Terms of Use in accordance with
the provisions of the Terms of Use, at the moment of effective
termination:
a) save as set out in paragraph (c) below, you
will no longer be authorised to access or use the Levenue
Platform;
b) all rights and obligations of Levenue or the
Userunder the Terms of Use shall terminate, except those
rights and obligations under those Clause specifically
designated in clause14.5, and provided that termination of the
Terms of Use shall not affect any accrued rights or
liabilities of Levenue or the User prior to any such
termination;
c) in the event of a termination under Clause
12.1, unless agreed otherwise by Levenue and the User, and in
the event of a termination under Clause12.2, unless Levenue
reasonably decides otherwise, the termination shall not affect
the rights and obligations of Levenue and the User in
connection with the existing financing transactions concluded
by the User via the Levenue Platform, to which the Terms of
Use shall continue to apply until the implementation of such
financing transactions is completed in accordance with the
Terms of Use.
13. Complaints
13.1
If you feel that our service has not met your expectations,
then please tell us. Customer complaints are important to our
organisation. They offer specific insights into how we might
improve our services, processes and procedures.
13.2
You may submit a complaint by contacting us
atcomplaints@levenue.com, detailing the nature of your
complaint and providing all relevant information and your
contact details. To ensure that your complaint is resolved as
soon as possible, please outline any steps you would like us
to take in addressing the issue.
13.3
Once a complaint has been received, we will acknowledge it and
aim to resolve it as quickly as possible. The length of time
will depend on the nature of the issues involved. Should a
delay occur, we will contact you explaining the reason of the
delay and outline the next steps.
14. Miscellaneous
14.1
Force Majeure
Levenue shall not be liable for any failure or delay in the
performance of its obligations with regard to the Levenue
Platform if such delay or failure is due to causes beyond our
control including by not limited to war, strikes or labor
disputes, embargoes, government orders, terrorist act,
epidemic, pandemic, quarantine, telecommunications, network,
computer, server or internet downtime, unauthorised access to
Company's information technology systems by third parties or
any other cause beyond the reasonable control of Levenue (the
"Force Majeure Event"). We shall notify you of the nature of
such Force Majeure Event and the effect on our ability to
perform our obligations under the Terms of Useand how we plan
to mitigate the effect of such Force Majeure Event.
14.2
Severability
In the event that any provision of
the Terms of Use are, for any reason, held to be invalid, void
or unenforceable, the other provisions of the Terms of Use
will remain enforceable and the invalid, void or unenforceable
provision will be deemed modified so that it is valid and
enforceable to the maximum extent permitted by law.
14.3
Waiver
Any failure to enforce any provision of the Terms
of Use shall not constitute a waiver thereof or of any other
provision.
14.4
Assignment
14.4.1
You may not assign or transfer your rights or your obligations
underthe Terms of Useto any third party.
14.4.2
Levenue will be free to:
a) transfer or assign
(part of) its obligations or rights under the Terms of Use to
any of its affiliates; and
b) subcontract
performance or the support of the performance of the Terms of
Use to its affiliates, to individual contractors and to third
party service providers without prior notification to the
User.
14.5
Survival
Clauses 6, 9 and 10 shall survive any termination or
expiration of the Terms of Use.
14.6
Governing law and jurisdiction
The Terms of Use shall be exclusively governed by and
construed in accordance with the laws of the Netherlands,
without giving effect to any of its conflict of law principles
or rules. The courts and tribunals of Amsterdam shall have
sole jurisdiction should any dispute arise relating to these
Terms of Use.