Terms & Conditions
Culture.AM is a website where Projects can be submitted for crowd funding. Projects will only be eligible for submission to Culture.AM if they are in any way related to and serve the purpose of or contribute to the sustenance, preservation and development of Armenian culture, science and education, regardless of where in the world the creator is based.
Projects can run a funding campaign on the site for a certain period of time, depending on and subject to the amount of funds needed for the project.
• Projects listed with a funding campaign lasting for 60 days – up to $ 2,000
• Projects listed with a funding campaign lasting for 90 days – from $ 2,001 <$ 5,000
• Projects listed with a funding campaign lasting for 180 days – from $ 5,001 <$ 10,000
• Projects listed with a funding campaign lasting for 360 days – from $ 10,001 and up
On submitting a project a Creator should post a presentation video on his/ her project page describing the purpose and how they will visibly demonstrate the development and completion of the project. This presentation should explain the stages the project will go through in order to be realized. Clear details will need to be given as to what preparation has already been undertaken and what possible problems may arise during the completion period of the project. In addition, the video should also highlight how the above project may enrich or contribute to Armenian Culture, Science and Education.
On the project page, in addition to the video presentation, the creator also needs to add written information detailing or explaining their project. The main objectives and expected outcome of the project must be specified. This information must indicate an exact date when a confirmation will be given of completion of the project which must be completed on or before that date. In order to confirm the completion of their project the creator must post another presentation video on their project page which will show the public what has been achieved as far as the project is concerned. Creators will need to demonstrate visually or by way of reliable official documentation (such as receipts) that funds donated by the Supporters have been well utilized solely for the purpose of the project for which the creator won funding for. The outcome should suffice or accurately reflect the creator’s project description and should show that it was successfully completed as stated in the fundraising stage.
In the instance there is a substantial mismatch between the project initial presentation and it’s outcome, Culture.AM reserves the right not to transfer the collected funds to the creator who cannot appeal against this decision.
The description of the project and it’s expected end result as well as the initial amount requested for funding and days needed for fundraising cannot be altered once the project has been submitted.
Projects will be funded on the basis of “All or Nothing’’, which means the funds collected will NOT be transferred to the creator of the project if the project has not received from supporters the full amount of funding required as stated by the creator on submitting their project for funding on Culture.AM and within the specified period of time given by the creator on the project page at the time of submitting the project.
In the case a project is successful in raising at least 100% of the stated required financing needed for the project, Culture.AM will deduct a 5% submission fee and the rest of the amount will be transferred to the creator’s own PayPal or bank account. In order to receive the funds the creator must submit a written statement agreeing to the Culture.AM project posting rules, terms and conditions, which will need to be sent to email@example.com.
Culture.AM is not responsible for and will not cover any charges, commission or transfer fees that the aforementioned institutions may deduct for their services in processing the transfer or any other costs associated with or incurred in the transfer of funds.
The Creator undertakes to complete the project within the specified time stated by the creator on their project page at time of submitting the project. The creator will need to tick the checkbox accompanying the text <I have read and agree with Terms and conditions > confirming the creator’s agreement to the submission terms and conditions forming a binding agreement.
In the instance the creator does not fulfill their promise and obligation in delivering the project on time and in the manner/scope specified in their proposal there may be a request made to the creator to return the funds within one month’s time from the date of the request. Should the creator fail to adhere to this request, Culture.AM reserves the right to prohibit the user from posting on the site in future and may seek to pursue a claim against the creator in a court of law.
Should the project not receive at least 100% of the amount required for the project and within the stated timeframe as stated by the creator on the project page at the time of submitting their project, all the funds invested in the project will automatically be assigned to the “Armenian Culture, Science and Education Development Foundation’’ or may be redistributed to support another project on Culture.AM. Decisions regarding the moving of funds linked to unsuccessful projects to alternative projects will be taken jointly by the executive committee of the site Culture.AM.
Supporters agree that all the funds donated to projects on Culture.AM are non-refundable.
USER CONDUCT AND INDEMNITY
You are solely responsible for your conduct on and in connection with this website. You agree that you will not use this website for unlawful or harmful activities. You agree that, while using this site, you shall not intentionally or unintentionally engage in or encourage conduct that would breach any applicable local, national or international law, rule, regulation, judicial or government order or treaty or breach or infringe upon any copyright, intellectual property, ownership, privacy, moral, publicity or other rights of ours or those of any other company, person or entity. You agree to indemnify, defend, and hold Culture.AM, its parents, subsidiaries, affiliates, any related companies, suppliers, licensors and partners, and the officers, directors, employees, agents and representatives of each of them or collectively harmless, including costs, liabilities and legal fees, from any claim or demand made by any third party arising out of or relating to your access to or use of the Site, your violation of the Terms, the infringement by you, or any third party using your account, of any intellectual property or other right of any person or entity. Culture.AM reserves the right, at your expense, to assume the exclusive defence and control of any matter for which you are required to indemnify us and you agree to cooperate with our defence of any such claims. You agree not to settle any such matter without the prior written consent of Culture.AM. Culture.AM will use reasonable efforts to notify you of any such claim, action or proceeding upon becoming aware of it.
In using this site you agree that Culture.AM will not be held responsible for any damage, loss, injury, offense or disappointment suffered whilst using this website and will not be liable for any content posted on the site by users of the site. Users are solely responsible and liable for any and all content they post on this site. Culture.AM is under no obligation to take any action in relation to any content posted by users on this website.
LINKS TO THIRD PARTY SITES
Culture.AM may include links to websites or applications operated by other parties “Third Party Sites”. We have no control over such websites or applications and we assume no responsibility for, and will not incur any liability in respect of, their content. Our inclusion of links to such websites does not imply any endorsement of views, statements or information contained on such third party websites or applications. You agree that we are not responsible for the availability of, regulation or contents of Third Party Sites. Your use of Third Party Sites is at your own risk.
REVISION OF TERMS
We may revise these Terms from time to time and the most up to date version will always be posted on our website. The revised versions will be binding on you. Any such modification will be effective upon our posting of the updated Terms. You understand and agree that your continued access to or use of the Site at such time as or after the revised terms take effect, will be deemed as your acceptance of the revised terms.
In the instance of a user indulging in fraudulent activity Culture.AM has the right to prohibit the user from future postings on the site and any funds collected by the project will not be transferred to the creator or the account holder.
The first 10 projects displayed on the site will be exempt from paying the 5% submission fee, subject to each project achieving at least 100% financing from supporters as is required for projects to be successful on Culture.AM in order to receive funding. In addition, upon successful completion of their project, Armenian Culture, Science and Education Development Fund will grant a bonus to each of these individual projects, which will equal 10 % of the funds the individual project has collected on the site, up to a maximum of 5000USD.