Important Notice:
As of December 1st, 2008 BiD Network has files new General Terms & Conditions.
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As of December 1st 2008, BiD Network has filed new General Terms and Conditions on her website (www.bidnetwork.org/gtc).Exisiting members of bidnetwork.org you accepted the previous Terms and Conditions when signing up and creating a profile. All members will automatically be subjected to the new Terms and Conditions, unless formally rejecting the new General Terms and Conditions within 30 days of the filing date. We advise all members to read the new General Terms and Conditions carefully.
The major changes between the new and the previous General Terms and Conditions are:
• Finder’s fee for investors is reduced from 2.5% to 2%;
• Finder’s fee for investors cannot be charged by the investors to the entrepreneurs;
• National Partners are entitled to charge entrepreneurs a 1% success fee when an investment is made;
• Non disclosure articles have been strengthened;
• Penalty clauses have been added for breaching non disclosure and information clauses.
The General Terms and Conditions were changed in order to improve the framework for BiD Network and its national partners to effectively support entrepreneurs.
Members can, nevertheless, reject the new General Terms and Conditions by sending an email to stating: ”I <state your name> formally reject the new General Terms and Conditions of BiD Network, and wish to terminate my relationship with the BiD Network, its partners and the members of BiD Network.org at once”. As a result we will terminate our relationship with you and inform our partners and your contacts within the BiD Network accordingly. Even when the relationship is terminated, you will be bound to the General Terms and Conditions dated March 2008.
We look forward to continue working with you to stimulate investments in SMEs.
Kind regards,
BiD Network Team