FAAB - Terms of Use
General
Review these Terms of Service (“Agreement”) thoroughly. This Agreement is a legal agreement between the User and FAAB. By accepting electronically, installing, accessing, or using the Services, the User agrees to these terms. If the User does not agree to this Agreement, then the user may not use the Services. This License Agreement shall be governed by and construed in accordance with the laws of INDIA.
Modification of terms & conditions
These terms may be updated from time to time in the future. The user should agree to review our Terms and Conditions regularly by visiting this page. Continued access to or use of the service will mean that the User agrees to the change.
When This Privacy Statement Applies
Its liability to the User is limited to those who have downloaded the FAAB Invest application by accepting the Terms and Conditions.
Description of Services
We provide an array of investment opportunities in the field of agriculture and fractional ownership of farmlands. It includes selection of funds, transfer of funds, accumulation of funds, withdrawal, all monetary and financial transactions. We provide a platform, in the form of an application to manage these investments. (“Service” or “Services”).
The User may use the Services for his/her personal and business use or for internal business purposes in the organisation that the user represents. The User may download the application from the Official website/ Google Play Store/Apple App Store using the Internet.
A User can create and add content to his/her account staying offline. But the User is responsible for obtaining access to the Internet and the device necessary to use the Services.
Business Data and Privacy
The User alone is responsible for maintaining the confidentiality of his/her username, password, and other sensitive information. The user is responsible for all activities that occur in his/her user account and the user agrees to inform us immediately of any unauthorised use of their user account by email to invest@faab.in or by calling us on any of the numbers listed on the application.
We are not responsible for any loss or damage to the user or to any third party incurred because of any unauthorised access and/or use of the users’ account, or otherwise. We are neither responsible for any kind of data loss as performing necessary backups on data is solely the User’s responsibility. FAAB is not responsible for any kind of data discrepancy, or any type of loss that occurred due to data discrepancy/software issues.
Data Ownership
The User owns the content created or stored by the user as we respect the users’ right to ownership of content created or stored by them. The Users use of the Services does grant FAAB the license to use, reproduce, adapt, modify, publish, or distribute the content created by them or stored in the user’s account for FAAB internal purpose. FAAB tries to keep User’s data safe but holds zero responsibility in case of data leaks.
Intellectual Property Rights
- You acknowledge that all the Intellectual Property Rights in the Platform are owned either by FAAB Invest or FAAB Invest's licensors, or by the content suppliers, as the case may be, but in no event by the User except as explicitly provided herein. The use, access and provision of the Platform does not transfer to you or any third party any rights, title or interest in or to such Intellectual Property Rights. FAAB Invest or FAAB Invest's licensors, or content suppliers reserve all Intellectual Property Rights not specifically grated in these Terms of Use.
- Subject to the restrictions under “Restrictions on Use” below, you agree that all copyright and other proprietary notices on any Platforms content must be retained on all copies thereof.
Restrictions on Use
The rights granted to you under these Terms of Use are subject to the restrictions provided below.
You shall not:
- license, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Platform, without express written consent of FAAB Invest;
- access the Platform in order to build a similar or competitive service;
- copy, reproduce, distribute, republish, download, display, post or transmit in any form or by any means, any part of the Platform, for any commercial purpose or otherwise, without express written consent of FAAB Invest;
- use the Platform in any way that causes, or may cause, damage to the Platform, its Users or impair the availability or accessibility of the Platform or in any way which is unlawful, illegal, fraudulent or harmful, or in connection with any unlawful, illegal, fraudulent or harmful purpose or activity;
- abuse, harass, impersonate, intimidate or threaten other Users;
- post or transmit, or cause to be posted or transmitted, any content that is harmful, infringing, libellous, defamatory, abusive, offensive, obscene, pornographic, paedophilic, invasive of another's privacy, hateful, or racially, ethnically objectionable, disparaging, relating or encouraging money laundering or otherwise violates any Applicable Law or right of any third party; or that threatens the unity, integrity, defence, security or sovereignty of India, friendly relations with foreign states, or public order or causes incitement to the commission of any cognizable offence or prevents investigation of any offence or is insulting any other nations;
- use the Platform for any unauthorized purpose, or in violation of any Applicable Law or these Terms of Use;
- post or transmit, or cause to be posted or transmitted, any communication or solicitation designed or intended to obtain password, access to another User’s account, or private information from any User;
- create or send unwanted email (spam) to any other User;
- impersonate any person or entity, or falsely state or otherwise misrepresent your affiliation with a person or entity;
- infringe upon the Intellectual Property Rights of FAAB Invest, other Users, or any third party, while accessing or using the Platform;
- submit comments linking to affiliate programs, multi-level marketing schemes, sites repurposing existing stories or off-topic content;
- post, email, transmit, upload, or otherwise make available any material that contains software viruses or any other computer code, trojan horse or other code with malicious, disruptive and/or destructive features, files or programs designed or functioning to interrupt, destroy, or limit the functionality of any computer software or hardware or telecommunications equipment, including the Platform;
- use any robot, spider, scraper, sniping software or other automated means to access the Platform for any purpose;
- conduct any systematic or automated data collection activities on or in relation to the Platform without express written consent of FAAB Invest;
- use the Platform or any part of it to transmit or send unsolicited commercial communications, or for any other purposes related to marketing, without express written consent of FAAB Invest;
- take any action that imposes, or may impose, in our sole discretion, an unreasonable or disproportionately large load/strain on our infrastructure;
- sell or otherwise transfer your User Account/ profile, or allow any third party to use or access your User Account; or
- without our prior written consent, reverse engineer, frame, modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software obtained from or part of the Platform.
User Accounts
- You may need to register an account with us in order to use or access the Platform or the Services.
- To be eligible to register an account with us, you must be of such age that you can enter into legally binding agreements as per Applicable Laws where You reside in.
- By registering an account with us (“Registered User”), you represent and warrant that you are such age that you can enter into legally binding agreements as per Applicable Laws where You reside in, that all information you submit is true, accurate and complete and you shall comply with these Terms of Use. You further represent and warrant that: (a) all required registration information you submit is truthful, accurate and complete; (b) you will maintain the accuracy of such information; and (c) You are eligible to enter into legally binding agreements under the Applicable Laws where You reside in. You acknowledge that Your use of the Platform shall be deemed to be genuine and any action taken by FAAB Invest or any third party based on the same shall be deemed to be valid. You represent and warrant that you are an individual of legal age or a HUF or a company or a trust or an LLP eligible to form a binding contract as per the Applicable Laws of your domicile (or if not, you’ve received your parent’s or guardian’s or governing body’s permission to use the Platform and such approving authority has agreed to these Terms of Use on your behalf).
- You will be solely responsible for maintaining the confidentiality of your User Account and log-in details, and we will not be responsible for misuse of your User Account by any third party, whether authorized by you or not. You may never use another User’s account without permission of such User and us. You also prohibited from sharing your log-in details or allowing anyone access to your account or do anything that might put your User Account or other User Accounts at risk.
- You are responsible for any activity on the Platform arising out of any failure to keep your User Account confidential and may be held liable for any losses arising out of such a failure. You agree to notify us immediately of any unauthorized use of your User Account or any other breach of security.
- FAAB Invest reserves the right to refuse to offer access to or use of the Platform to any person or entity at FAAB Invest’s sole discretion including by changing its eligibility criteria at any time.
- You acknowledge that you have registered the account after you read and understood all the information provided in the risk disclosure statement provided in the website - https://faab.in/risk-disclosure.
- You acknowledge that you are creating the User account out of your own independent and genuine interest to explore and engage with the opportunities listed in the platform.
Release and Indemnification
You agree to indemnify and hold each of FAAB Invest, its directors, representatives, employees, consultants and contractors, harmless from any claim or demand, including reasonable solicitors’ fees, made by any third party due to or arising out of your use of the Platform and / or any Services therein, the breach of these Terms of Use by you, or the infringement by you of any Intellectual Property Rights or any other right of any other person or entity.
Permissions
Camera To take the picture of the user, documents, proof of address, proof of identity, signatures etc. to be attached with transactions.
Contacts To use the details during usage in referral program, sharing details from the app to others etc.
Storage To store reports, PDF, legal documents, proofs others
Location To customize the app according to your region
Permissions Usage
- We allow users to sync their contacts from mobile to app, the contact permissions will be used to facilitate this.
- We will show parties that are already FAAB users, to show you your potential network.
Approval of Alerts, Messages and Promotional Campaign
In addition to the General Conditions of FAAB service a User agrees to be bound by the following terms and conditions:
The User agrees to receive promotional, transactional, and commercial communications from FAAB through calls, email, SMS or push notifications. Under certain conditions, promotional messages are transmitted to the users and that FAAB shall not bear any further obligation in respect of such promotional messages.
Breach of Terms of Use
Without prejudice to FAAB Invest’s other rights under these Terms of Use, if you breach these Terms of Use in any way, or if we reasonably suspect that you have breached these Terms And Conditions in any way, we may take such action as we deem appropriate to deal with the breach, including (a) temporarily suspend your access to the Platform, (b) permanently prohibit you from accessing the Platform, (c) blocking computers / devices using your IP address from accessing the Platform, (d) contacting any or all of your internet service providers and request that they block your access to the Platform, (e) commence legal action against you, whether for breach of contract or otherwise; and/or (f) suspend or delete your User Account.
Waiver of Rights
FAAB Invest’s failure to enforce any provision of this Terms of Use shall not be deemed to be a waiver of such provision nor of the right to enforce such provision.
END OF TERMS OF SERVICE
If you have any questions or concerns regarding this Agreement, please contact us at invest@faab.in
FAAB Invest is a new age green investment platform that enables individuals to invest in innovative, environment-friendly and sustainable asset-backed projects.
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FAAB Invest is a green investment platform operated by FAAB Invest Advisors Pvt Ltd (`"`FAAB Invest`"`) ( CIN : U67100KA2022PTC169318). By accessing the website or the mobile application, you agree to adhere to its terms of services and privacy policy. The content on the website or the mobile application should not be construed as investment, business, legal, or tax advice, and it does not constitute an offer by FAAB Invest to sell investment products. Any information provided on the website or the application or linked websites/apps does not solicit an offer to invest or investment advice.
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