Terms of Sponsorship

www.payfarmer.com is provided by Delefresh Nig Limited. Find below our terms of Sponsorship

1 INTRODUCTION

2 LEGAL AND REGULATORY INFORMATION

Delefresh Nig Limited is a limited liability company registered in Nigeria (registration number RC 1364384 with its address at No: 1 Delefresh Street, Ikorodu-Epe, Oke-Osho Epe, Lagos Nigeria
* Delefresh Nig Limited is an Agriculture company providing innovative and digital solutions for its users to sponsor farmlands and for farmers to gain sponsorship to cultivate their farms.

3 SPONSORSHIP TERMS

4 SPONSOR REPRESENTATIONS AND WARRANTIES

Representations and warranties are statements and promises made by you to the Company, which we rely on as being accurate in our dealings with you. You make the following representations and warranties to us at the time of agreeing to these Terms and every time you use the Platform or Services, including the time you are matched to a Loan Agreement;
1 you are over the age of 21 years;
2 you are of sound mind and have the capacity to enter into these Terms and be matched to a farm;
3 all personal information that you provide about yourself is accurate and true to the best of your knowledge;
4 you hold a bank account in Nigeria in your own name and will use this account to transfer money to our account when you sponsor a farm and to receive refunds of contributions made and profits earned;
5 you will only ever sponsor with your own money unless you are authorised on behalf of a third party (“Third Party”) and we agree that you may act on behalf of that Third Party.
6 you are not using any illegal funds or attempting to launder by sponsoring a farm
7 if you are registering or accepting these Terms on behalf of a legal entity such as a company, trust or partnership, you are legally authorised to do so and we may request evidence of such legal entitlement (by way of a copy of any document which shows the valid and subsisting authorisation);and
8 you are not breaching any laws or regulations that are applicable to you or any company, trust or partnership upon whose instructions you are acting.

5 ACCESS AND USE

6 ANTI-MONEY LAUNDERING

Where we discover that the Platform is being used to launder money or for any suspicious transactions, we have an obligation to report your activities to the relevant authorities without recourse to you.

7 FOREIGN EXCHANGE RISK

8 TERM AND TERMINATION

9 PRIVACY

You confirm that you have read and understood the Company’s Privacy Policy which provides information on how we use and store the personal information that you provide to us and you further acknowledge that the Company may amend and update this policy from time to time.

10 INDEMNITY

Subject to the Terms of Insurance and any insurance claims settled, you agree that the Company has no obligation to reimburse or indemnify you for any cost, loss or liability which you incur as a result of the failure of a farm to yield according to expectations
You agree to indemnify and hold harmless the Company, any farmer, and all our other agents or sub-contractors, against all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest penalties and legal and other reasonable professional costs and expenses) suffered or incurred as a result of:
1 your fraudulent or illegal use of the Platform, the Services or the Website;
2 your negligence or any default by you of any of these Terms or the terms of any Loan Agreement to which you are matched;
3 any inaccurate or incomplete information that you have knowingly provided to us;
4 your allowing any other person to access your account either with your permission or as a result of your failure to keep your username and password private;
5 any service that you have offered, whether with or without our permission, to another third party using our Platform, Services or Website;
6 any claim made against you for actual or alleged infringement of the Company’s Intellectual Property Rights or any actual or alleged infringement of a third party’s Intellectual Property Rights arising out of or in connection with the Services or your use of the Platform

11 DISPUTE RESOLUTION

This Agreement shall be governed by the Laws of the Federal Republic of Nigeria. Any dispute arising out of this Agreement, which cannot be settled, by mutual agreement/negotiation within 30 days shall be referred to arbitration by a single arbitrator at the Lagos Court of Arbitration (“LCA”) and governed by the Arbitration and Conciliation Act, Cap A10, Laws of the Federal Republic of Nigeria.
The arbitrator shall be appointed by the Parties, where Parties are unable to agree on the choice of an arbitrator, the choice of arbitration shall be referred to the LCA.
The findings of the arbitrator and subsequent award shall be binding on the Parties and may be enforced through a Nigerian court of law. Each Party shall bear its cost in connection with the Arbitration.

12 APPLICABLE LAW

This Agreement shall be interpreted and governed by the laws in force in the Federal Republic of Nigeria. The Parties submit to Arbitration and waive any objections based upon venue.

13 CONTACT US

* If you have any question regarding this Agreement, or comments about the Site or its contents should be directed to info@payfarmer.com
This document was last updated on 03 May 2019
Payfarmer is a product of Delefresh Nigerian Limited. (registration number RC 1364384)