General terms and conditions of the crowdfunding platform
1. GENERAL PROVISIONS
1.1. These General Terms and Conditions regulate the basic rights and obligations between the clients (investors and project creators) and the Company (hereinafter referred to as "the Company") when using the online crowdfunding platform provided by the Company.
1.2. The platform provides investors the opportunity to grant loans to project creators, offering access to information about the projects, including credit ratings, historical data on loan defaults, risk analysis, and proposals for interest rates and/or price.
1.3. The Company does not offer, mediate, or facilitate trading or public offering of securities, shares, bonds, or other financial instruments.
1.4. These General Terms and Conditions apply unless otherwise agreed between the parties in a separate contract.
2. DEFINITIONS
Platform: An online information system through which interaction between investors and project creators takes place for the purpose of granting loans.
Investor: A natural or legal person who grants a loan to a project creator through the platform.
Project Creator: A natural or legal person seeking financing through a loan for their project via the platform.
Loan: An agreement under which an investor provides a certain amount to a project creator for a specified term and under agreed conditions, with the project creator undertaking to repay the loan with the agreed interest.
Credit Rating: Analysis and assessment of default risk based on provided information and an established methodology.
Interest Rate: The percentage used to calculate the interest due on the loan, determined based on the proposal and project conditions.
3. REGISTRATION AND ACCESS TO THE PLATFORM
3.1. To use the platform, each person must undergo a registration and identification process according to requirements.
3.2. During registration, the necessary personal, identification, and/or company data, documents, and information needed for risk assessment and compliance with legal requirements are provided.
3.3. The Company has the right to refuse registration or access to persons who do not provide the required data or when there are doubts about the correctness of the information or illegal activity.
3.4. Each registered user is responsible for the accuracy and validity of the information provided.
4. PLATFORM FUNCTIONALITY AND SERVICES PROVIDED
4.1. The platform enables investors to grant loans to projects registered on the platform.
4.2. For each project, information is provided including credit rating, historical default data, risk analysis, proposed interest rate and/or financing price.
4.3. Credit rating and risk analysis are prepared according to an established methodology, which may be publicly available or provided upon request.
4.4. The Company does not take responsibility for the return on any particular loan but provides investors with the necessary information to make an informed decision.
4.5. Any agreement between an investor and a project creator regarding a loan is formalized in a separate contract outlining the specific terms (amount, term, interest, etc.).
5. FEES AND EXPENSES
5.1. Fees may be charged for the use of the platform and provided services according to an accepted tariff published on the platform's website.
5.2. All fees are payable upon the relevant transaction or service unless otherwise agreed.
5.3. Fees and expenses may be payable to third parties (banks, payment institutions), which are not charged or administered by the platform.
6. RISKS AND RESPONSIBILITIES
6.1. Each investor acknowledges and accepts that granting loans through the platform carries a risk of partial or total loss of funds.
6.2. The platform does not guarantee repayment of principal or interest on any loan and does not bear responsibility for defaults by project creators.
6.3. Information about projects, including credit ratings and risk analyses, is provided in good faith but does not constitute a recommendation or guarantee of any particular outcome.
6.4. All decisions to grant a loan are made solely by the investor, who bears full responsibility for the consequences.
7. RIGHTS AND OBLIGATIONS OF THE PARTIES
7.1. Each investor and project creator must comply with the legislation, these General Terms and Conditions, the platform’s internal rules, and the terms of any signed contract.
7.2. The Company has the right at any time to restrict, suspend, or terminate a person's access to the platform for violation of the General Terms and Conditions, the law, or in case of suspected abuse.
8. TERMINATION OF RELATIONS
8.1. Each party may terminate contractual relations with the other with 7 days’ written notice, unless there are active loan contracts that must be fulfilled.
8.2. Upon termination, the platform refunds received funds after deducting due fees and expenses, if any.
9. COMMUNICATION
9.1. All messages and notifications between the parties are made via email, platform functionalities, or another specified communication channel.
9.2. Official contact email: info@pridict.org.
10. PERSONAL DATA PROTECTION
10.1. The platform processes clients' personal data in accordance with applicable legislation and the Privacy Policy published on the platform.
11. APPLICABLE LAW AND DISPUTES
11.1. For all matters not settled in these General Terms and Conditions, the provisions of Bulgarian legislation and European Union acts apply.
11.2. All disputes between the parties shall be resolved through negotiations, and if impossible – by the competent court in Bulgaria.
12. AMENDMENTS TO THE GENERAL TERMS AND CONDITIONS
12.1. The platform has the right to amend these General Terms and Conditions by notifying clients through the platform or other appropriate means.
12.2. Amendments take effect from the date of publication unless otherwise stated.
These General Terms and Conditions are adopted by the platform’s manager’s decision.