This section contains the Terms and Conditions of use for our Rewards-based Crowdfunding website. They have been established to protect the User’s interest and LEOcrowd’s best interests. They provide links to our other policies and guidelines and outline how the Users of the platform can most effectively utilise the platform. These guidelines apply to your use of the platform and include details on content you can post, what projects and rewards are acceptable/not acceptable and what we do with any personal information we collect as you use the platform.
LEOcrowd Limited is not regulated or authorised by the Financial Conduct Authority (FCA), as it does not offer regulated investments through the platform. Therefore, there is no recourse to either the Financial Ombudsman Service or the Financial Services Compensation Scheme, as is the case for all Rewards-based crowdfunding.
Welcome to www.LEOcrowd.com. By accessing or using this website (the “site” or “platform”) and services offered by LEOcrowd.com Limited (together with its parents, subsidiaries, affiliates, agents, representatives, consultants, employees, officers and directors – collectively, “LEOcrowd”, “we”, “our” or “us”), you indicate that you have read, understand and are agreeing to be bound by these Terms and Conditions. For further information on LEOcrowd, please visit the About Us page: https://www.leocrowd.com/index.php?ctl=index&act=WhyUS .
To make these Terms and Conditions easier to read, we use some key definitions:
Users/You: Anyone who uses or visits this site
User Content: Any content posted on the platform by anyone who uses or visits the site
Project: Any fundraising project created on our Platform
Project Creator: Someone who has created a Project to raise funds and offer Rewards
Backer: Someone who has pledged an amount towards a Project to support it
Pledges: The amount of money a Project Backer promises to the Project Creator
Rewards: These are services, experiences, discounts or items offered by the Project Creator to encourage Project Backers to support their Project.
Funding Target: This is the amount set by the Project Creator that they hope to raise
Fundraising Period: The amount of time set by the Project Creator to reach their Funding Target
Fixed Funding: A Project Creator will only receive the funds raised if they reach their Funding Target
Flexi-funding: A Project Creator will receive funds if they reach 50% or more of their Funding Target.
We reserve the right, at our sole discretion, to change, modify, add or delete portions of these Terms and Conditions at any time. If we do, we’ll let you know about any significant changes by notifying you on the site or by contacting you by e-mail. Your continued use of the service or the platform after any such changes have been made, constitutes your acceptance of the new Terms and Conditions. It is your responsibility to regularly check this page to determine if there have been changes to these Terms and Conditions and to review such changes. These Terms and Conditions apply to all visitors and users of the platform, regardless of what means they use to access the platform.
Anyone can access LEOcrowd.com to view projects and information, but to create a Project or pledge as a Backer to a project, you will need to register as a member of LEOcrowd and create an account. For this purpose, you must be at least 18 years of age or old enough to form a binding contract where you live. To create an account, please click the Sign-Up button or go to the Start a Project page. There is no charge to create an account with LEOcrowd. Fees are only charged if a Project successfully reaches its Funding Target.
The site is available for your personal use only. You must ensure that the information you supply is accurate and complete and is not offensive or in violation of anyone’s rights. You agree that no materials of any kind submitted through your account or otherwise posted, transmitted, or shared by you will violate or infringe the rights of any third party, including copyright, trademark, privacy, publicity or other personal or proprietary rights; or contain libellous, defamatory or otherwise unlawful material. You are responsible for all the activity on your account (with or without your knowledge) and for keeping your password confidential. You are also responsible for updating your account if you change any of your registration details (postal address, e-mail address etc.)
If you believe that someone has access to your account without your permission or you become aware of any misuse of your account, then you should report it to us immediately by contacting [email protected].
If you don’t follow these terms and conditions or we have reason to believe you are in breach of them, then we reserve the right, at our sole discretion, to suspend or terminate access to the site, delete your profile and any content or information that you have posted on the site and/or prohibit you from using or accessing the site (or any portion, aspect or feature of the site) for any reason, or no reason, at any time in our sole discretion, with or without notice. Any personal data or other information associated with your use of LEOcrowd will be held securely and in accordance with the [data protection laws].
You can request deletion of your account at any time. Please e-mail us at [email protected] to request removal of your account. However, all provisions of this agreement survive deletion of an account, including our rights regarding any content you’ve already submitted to the site. Any expired projects you have uploaded will remain on our site. PLEASE NOTE: We will not delete your account if you have any active Projects or any outstanding rewards or pledges relating to current/expired projects you have created/backed.
Cookies are small data files that a site or its service provider sends to your browser from a web server and are then stored on your device’s hard drive. We use them to optimise our websites performance, to improve the user’s experience and to share relevant content with the users on 3rd party networks, so that they can receive more valuable content and insights into the Crowdfunding industry and our services. References in these Terms and Conditions to ‘cookies’ also include other means of automatically accessing or storing information on your device.
This section explains the Terms and Conditions that apply to the projects you create, the rewards you offer and the pledges or other contributions your make. It also focuses on the relationship between Project Creators and Backers.
LEOcrowd is an online platform that allows Project Creators to pitch their ideas to a community of Backers, to raise finance for their idea, in return for Rewards. It also allows Backers to pledge monies to those projects they wish to support. It is free to create a Project on our Platform.
Although we help to facilitate this coming together of Backers and Project Creators, LEOcrowd is not responsible for the management of, or the use of Pledges in relation to a Project and we have no direct input into the fulfilment of the rewards. Once a Backer pledges towards a Project, he/she is agreeing to the terms set out by the Project Creator for the fulfilment of the Rewards and any other agreement made directly between the Project Creator and Backer (in effect forming a contract between the Project Creator and the Backer). LEOcrowd have no part of this agreement and do not legislate between Project Creators and Backers.
We may at times, promote certain projects to raise the profile of those projects but this does not imply that we have any vested interest in individual project/s or endorse them in any way.
LEOcrowd is not involved in the development or the delivery of the Projects themselves, do not participate in the furnishing of Rewards and do not offer refunds to Backers. LEOcrowd does not hold funds on Project Creators behalf and cannot guarantee their work. When a Project is successfully funded, the funds are transferred directly to the Project Creator and are fully in the control of the Project Creator.
Project Creator’s Role
A Project Creator is a person or team who have created a Project to raise funds and offer Rewards.
Anyone that meets our Project Creator requirements (see Accessing and Using LEOcrowd above) is eligible to launch a project on LEOcrowd. The Project Creator is responsible for setting their Project's Funding Target and Fundraising Period. They are also responsible for providing accurate and acceptable content and only creating Projects/offering Rewards that are in accordance with our guidelines for the types of Projects/Rewards that are permissible (see FAQ’s for more info – this forms part of our Terms and Conditions).
When a Project has been successfully funded, the Project Creator is obligated to deliver the promised Rewards within the specified time frame, as denoted in the Project/Rewards specifics. Once the Project Creator has done so, then their obligation to their Backers is fulfilled.
However, as a Project Creator you must maintain throughout the process a high standard of integrity, honest communication with the Backers and a commitment to fulfilling the Project. If problems arise during the process, Project Creators must post an update notice as soon as possible to explain what work has been done, how funds have been used (if applicable), what the amended timescale will be and what prevents them from finishing the project as planned. Project creators must demonstrate that they have been honest and used funds appropriately i.e. for completing the Project and have made every effort to complete the project as promised. They must meet all the promises made in the Project including, but not limited to, delivering Rewards to Backers.
If a Project Creator is unable to complete their project and fulfil rewards, they must offer to return any remaining pledges to Backers who have not received their reward (in proportion to the amounts pledged), or else explain how those funds will be used to complete the project in some other form. Project Creators can also, at their discretion, refund individual pledges. After the project has been funded, Project Creators can cancel and refund a Backer's pledge at any time. If they do so, they have no further obligation to that specific Backer, and no further agreement exists between the Project Creator and this Backer.
A Project Creator is solely responsible for fulfilling the promises made in their Project specifics and if they are unable to honour the agreement between themselves and the Backers, then they may be subject to legal action by the Backers.
Project Creators are responsible for complying with all applicable laws and regulations in relation to their Project and are also responsible for the collection/payment of all applicable taxes (including Income Tax, VAT or similar) on any funds received and for paying all fees associated with LEOcrowd. Project Creators must not offer Rewards that are illegal, in violation of any of LEOcrowd’s policies, rules or guidelines (see FAQ’s for more details) or violate any applicable law, statute, ordinance or regulation.
Project Creators must not use any information we provide to them regarding Backers for any other purpose other than fulfilling a promised Reward or contacting the Backer in regard to the Project they have pledged to.
A Backer is someone who reviews the offered Projects on our platform, chooses one that he/she likes and pledges an amount towards that Project, dependant on the Rewards offered and the amount they wish to contribute. You can make a pledge by registering on our platform – please see Accessing and Using LEOcrowd above for more details on registering and eligibility.
Once the Backer chooses to pledge, he/she is entering into a contract with the Project Creator, which will come into effect if the Project is successfully funded. The terms of this contract are outlined in the Project specifics on the Project Creator’s Project page and in the more detailed description attached to each Reward. The Backer is agreeing to pay the specified amount if the Project reaches its Funding Target. The Backer acknowledges that any amount contributed to any Project does not entitle him/her to have any control, ownership or intellectual property rights over the Project. Once a Backer has made a pledge, he/she cannot change the Reward selected. If you wish to choose a different Reward, you can cancel your original pledge and make a different selection. However, during the last 24 hours of a Project, this can only be done by contacting Customer Support ([email protected]).
When a Backer makes a pledge, he/she will be asked to provide payment details but won’t be charged anything at this stage. Payment will only be collected if, when the Project reaches the end of its Fundraising Period, it has reached or exceeded its Funding Target. If a Project does not reach its Funding Target, then you will not be charged.
Occasionally, LEOcrowd and its payment partners may authorize or reserve a charge on your credit/debit card (or whatever payment method you use) for any amount up to the full pledge, at any time between the pledge and the collection of funds.
Backers remain in control of the amount pledged and you can change or cancel your pledge before the end of the Project’s Fundraising Period, except where a Project has reached its Funding Target before the end of the Fundraising Period. In this instance, you must contact the Project Creator to request that your pledge be cancelled. However, during the last 24 hours of a Project, Backers cannot decrease or cancel their pledge without first contacting Customer Support ([email protected]), if that action would drop the project below its Funding Target.
Backers should remain aware that any date offered by Project Creators regarding the timescale for delivery/production of Rewards may be subject to change and is at best only an estimated delivery date. We encourage Project Creators to attempt to be as accurate as possible with their estimated delivery date and to maintain open lines of communication with their Backers, if it is likely that the completion and delivery of the Project Rewards will not be accomplished within the specified timescales. This can be achieved by posting regular updates on the Project Creator’s Project Page. Backers are responsible for checking the Project Creator’s Project Page on a regular basis to remain aware of any changes to the Project. It is not the responsibility of LEOcrowd to contact Backers to make them aware of any changes.
Backers should also be aware that the Project Creator may need to contact the Backers to collect information to assist them in the delivery of Rewards i.e. Backer's mailing address, specific preferences of colour, design, size where relevant to the Reward chosen etc. Project Creators will request the information when a Project has successfully reached its Funding Target and to receive the Reward, Backers are required to provide the information in a timely manner. Backers should be aware that a Project Creator should not ask for personal information that is not pertinent to the provision of the Reward e.g. Bank/card details etc. If you receive a request for information that does not seem appropriate, then please contact us at [email protected].
It is advisable for Backers to remain patient and understanding throughout the process and address any concerns directly with the Project Creator via their Project Page.
If Backers like a Project, they can pledge money to support it and if the Project succeeds in reaching its Funding Target, all Backers are charged when the Project reaches the end of its Fundraising Period. If the Project fails to reach its Funding Target, then no one is charged. However, if a Project successfully reaches its Funding Target before the end of its Fundraising Period, then any pledges made cannot be deleted without contacting the Project Creator directly.
Once a Project has reached the end of its Fundraising Period and is successful, then LEOcrowd.com will process the payments and deduct the relevant fees before putting funds in the Project Creator’s account (see FAQ’s for more detailed information regarding Fees). Project Creators should be aware that they will not be able to collect their funding immediately after the Project has ended successfully; there may be a delay between the end of a successful Project and their access to the funds.
Project Creators should be aware that at times, LEOcrowd will be unable to collect some payments due to circumstances beyond their control, which might reduce the amount of funding Project Creators receive e.g. when a Backer's credit card expires before the Fundraising Period ends and they have not provided an alternative payment method.
It is advisable that a Project Creator waits until the funds have been transferred to his/her account before taking any action that is dependant on receipt of the funds, as there may be delays due to unforeseen circumstance.
User Content can be posted to our Platform by Project Creators, Backers and any other user of the platform and the following Terms and Conditions apply to all Users of LEOcrowd.com.
By posting User Content you are agreeing that you have the necessary rights to do so, whether posting text, images, video, sound recordings or any other materials and you are promising that you either own copyright in that content or that you have obtained the necessary permissions to make that content available via LEOcrowd.com and permit us to use the content in various formats, and that such permissions are freely available on demand by LEOcrowd should we require it.
You waive any and all claims you may now or later have in any jurisdiction to ‘moral rights’ or equivalent rights of authorship with respect to the User Content. By posting User Content on our platform you are granting us and others acting on our behalf, the worldwide, unlimited, perpetual, permission-free, sub-licensable, non-terminable, royalty-free, transferable right to use/re-use, adapt, amend, copy, display, develop, distribute, modify, publish, perform, reproduce, translate, or communicate to the public and to make your content available in any form or via any media (whether now known or known hereafter), on a commercially or non-commercially basis worldwide. You may remove your User Content from the platform at any time. If you choose to do so, the licence granted above will automatically expire; however, you acknowledge that we may retain archived copies of your User Content.
You must ensure that all information provided by you, whether through the creation of a Project or by communication with other Users or LEOcrowd is accurate, true and up-to-date and is not misleading in any way.
You must ensure that any content uploaded and made freely available must not breach copyright laws, not infringe intellectual property rights owned by any third party or breach any other laws or regulations (including Data Protection and Privacy Laws). You must ensure that you have full permission from any individuals whose images (either still or moving) you use and that this permission must also permit LEOcrowd and any third parties we may authorise under these Terms and Conditions, the use of such content. In the case of anyone underage, parental/guardian consent must be obtained. You must ensure that you pay any royalties or licensing amounts owed to the relevant persons/entities based on your posted User Content or LEOcrowd’s hosting of that content.
You must agree to only post content that is lawful and you may only use information and content you obtain from our platform/other users in a lawful manner, for the purposes that it has been provided for and in accordance with these Terms and Conditions.
You must agree to not harass, threaten, act unlawfully towards, mislead any person you have come into contact with via LEOcrowd or disclose any information that has been provided to you without their express consent. Any information provided to you by LEOcrowd/users of the platform, as the result of the successful completion of a Project, must only be used for the purpose of fulfilling Rewards or communicating with Backers regarding the Project. This information may not be used for any other purpose or abused in any way. If at any time, you are requested to cease contact with anyone that you had previously been in contact with, then you must agree to do so with immediate effect. You must not harvest, collect or use information about other Users/Backers without their explicit consent.
You must not send unsolicited or unauthorised advertising or promotional material, or any junk mail, spam or chain letters to anyone you communicate with through the LEOcrowd platform. You must not post or send any advertisements for business purposes or for solicitation of business.
You must not distribute software, code, films or programmes containing viruses, which could interfere or damage any software, hardware or equipment on the platform, either belonging to LEOcrowd or another party.
To ensure the security of our platform and that our systems continue to function properly you must agree:
not to circumvent any measures put in place to secure the services provided
not to attempt to get unauthorised access to the system, data, passwords or other information, either belonging to LEOcrowd or another party or take any action, which would give access to source code, algorithms etc.
not to affect any action which would put unnecessary pressure on or cause disruption to our systems or those of our third-party providers.
LEOcrowd’s services are legally protected in various ways. All content on the site and available through the service, including designs, text, graphics, pictures, video, information, applications, software, music, sound and other files, and their selection and arrangement, are the property of LEOcrowd or its licensors and are protected by UK and International copyright and other Intellectual property laws. You are granted a limited licence to access and use the site and the site's content and to download or print a copy of any portion of the site's content to which you have properly gained access solely for your use, provided that you keep all copyright or other proprietary notices intact.
You must not, except as permitted under these Terms and Conditions, copy, change or distribute LEOcrowd’s content, trademarks, logo, brand or taglines, particularly for commercial purposes or to affect gain, unless you have LEOcrowd’s explicit permission. If you wish to use, reproduce, modify, distribute or store any content for a commercial purpose, you need prior written permission from LEOcrowd or the relevant copyright holder. ‘Commercial purpose’ means you intend to use, sell, license, rent or otherwise exploit content for commercial use, in any way.
You must also not copy, change or distribute any User of this platforms copyright material or trademarks or the content/trademarks owned by any third party, unless you also have their explicit permission.
By using the mobile services, you agree that we may communicate with you regarding LEOcrowd.com and other entities by SMS, MMS, text message or other electronic means to your mobile device and that certain information about your usage of the mobile services may be communicated to us.
The LEOcrowd platform may contain or you may access through the platform, links to other websites (third-party sites), as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software and other content or items belonging to or originating from third parties. Such third-party content is not investigated, monitored or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any third-party sites accessed through the platform or any third-party content posted on, available through or installed from other sites. Inclusion of, linking to or permitting the use or installation of any third-party sites or any third-party content does not imply approval or endorsement by us and LEOcrowd has no control over or responsibility for any third-party software.
You may only link to LEOcrowd if you use only the hyperlink and not create a duplicate site by loading the homepage into frames on your website (unless with prior consent from LEOcrowd). You must not misrepresent or embellish your relationship with LEOcrowd or present incorrect information that may damage or harm LEOcrowd and/or conflict with our interests or values. We may at any time withdraw our permission to allow the use of links to our platform without any prior notice.
To function effectively and to maintain the integrity of our platform, we reserve the right to make decisions, which will be in the best interests of LEOcrowd and allow us to maintain control over what happens on our platform.
You should be aware that LEOcrowd can make changes to the LEOcrowd site and services without notice or liability. We have the right to make decisions on the eligibility of users and can cancel or suspend accounts at any time, especially if we find you are in contravention of any of the Terms and Conditions listed. Eligibility criteria can be subject to change and we reserve the right to make changes at any time.
LEOcrowd can reject, remove or suspend any Project at any time and for any reason and we also have the right to cancel/decline any pledge to any Project, at any time and for any reason.
LEOcrowd is not liable for any damages arising from any of these actions.
LEOcrowd strives to ensure that information on its platform is accurate and current. However, the information is subject to change from time to time, without notice and as deemed appropriate by the company. The platform and the content are provided on an ‘as is’ and ‘as available’ basis and you use the platform at your own risk. We do not guarantee that the content provided will be sufficient or appropriate for every individual or situation or will guarantee any specific result. LEOcrowd cannot accept any liability for the consequences of inaccurate or incomplete information on the site. If visitors to the site are in doubt on any details they should contact the company at [email protected] and/or the Project Creator.
From time to time, the platform may be temporarily unavailable for maintenance or other reasons. We assume no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communication’s line failure, theft or destruction or unauthorised access to, or alteration of user communications. We are not responsible for any technical malfunction or other problems of any communications network or service, computer systems, servers or providers, computer or mobile phone equipment, software, or email including injury or damage to User's or to any other person's computer, mobile phone, or other hardware or software, related to or resulting from using or downloading materials. We do not represent or warrant that software will be free of viruses or other harmful components. Therefore, you should exercise caution in the use and downloading of any content or materials and use industry-recognised software to detect and disinfect viruses.
All messages and comments posted in forums express the views of the Project Creators. LEOcrowd will not be held responsible for the content of any message. Although we provide rules for User conduct, we do not control and are not responsible for what Users may post, transmit or share on the platform and are not responsible for any offensive, inappropriate, obscene, unlawful or otherwise objectionable content you may encounter on the platform. We are not responsible for the conduct, whether online or offline, of any user of the platform.
LEOcrowd will not be involved in disputes between Users, or between Users and any third-party relating to the use of the Services. LEOcrowd don't supervise the performance or punctuality of projects and don't endorse any content users submit to the platform. When you use the Services, you release LEOcrowd from claims, damages, and demands of every kind, arising out of or in any way related to such disputes and the Services. All content you access through the Services is at your own risk. You are solely responsible for any resulting damage or loss to any party.
Nothing in these Terms and Conditions shall exclude or limit liability for death or personal injury caused by negligence, fraud or fraudulent misrepresentation, which cannot be excluded under the law of the United Kingdom, and any other matter for which it would be illegal or unlawful for us to exclude or attempt to exclude its liability.
UNDER NO CIRCUMSTANCES WILL LEOCROWD, ITS PARENTS, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, CONSULTANTS, EMPLOYEES, OFFICERS AND DIRECTORS BE RESPONSIBLE FOR ANY DAMAGES OR LOSSES, INCLUDING BUT NOT LIMITED TO DAMAGES/LOSSES RESULTING FROM:
YOUR ACCESS TO, USE OF OR INABILITY TO ACCESS OR USE THE SERVICES, ANY LOSS OF PROFITS, REVENUE, SAVINGS, BUSINESS, OPPORTUNITY, GOODWILL, REPUTATION, USER CONTENT DUE TO YOUR USE OF THE PLATFORM OR SERVICES OR INABILITY TO USE THE PLATFORM OR SERVICES THIRD-PARTY CONTENT POSTED ON OR THROUGH THE PLATFORM OR ANY FORM OF INDIRECT, SIGNIFICANT OR SPECIAL LOSS.
IN EACH CASE AND HOWEVER ARISING, LEOCROWD’S LIABILITY FOR ANY DIRECT DAMAGES OR LOSS (FOR WHICH LIABILITY IS NOT EXPRESSLY EXCLUDED IN THESE TERMS AND CONDITIONS) IN EXCESS OF THE TOTAL AMOUNT OF FEES WE HAVE RECEIVED IN RESPECT OF THE PROJECT TO WHICH YOUR CLAIM RELATES OR IF NO FEES WERE PAID, THEN IN EXCESS OF £100.
You agree only to use LEOcrowd in accordance with the Terms and Conditions listed. If you carry out any action that results in legal action against LEOcrowd, then you agree to indemnify and hold LEOcrowd, its parents, subsidiaries, affiliates, agents, representatives, consultants, employees, officers and directors, harmless from and against any loss, liability, claim, demand, damages, costs and expenses, including reasonable legal fees, arising out of or in connection with any User Content you post or share on or through the platform, your use of the platform, your conduct in connection with the platform or with other Users of the platform, or any violation of this Agreement or of any law or the rights of any third-party. This indemnity also applies to any other person that uses your account with your permission or due to your negligence.
These Terms and Conditions and other material referenced in them, govern our relationship with you and represent the entire agreement between you and LEOcrowd with respect to the services.
If any stipulation of these Terms and Conditions shall be deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these Terms and Conditions and shall not affect the validity and enforceability of any remaining provisions.
The failure of either you or LEOcrowd to exercise or enforce any right or provision of these Terms and Conditions shall not constitute a waiver of such right or provision in that or any other instance. If any provision of this Agreement is held invalid, the remainder of this Agreement shall continue in full force and effect.
These Terms and Conditions are specific to you and any of your rights under these Terms and Conditions may not be assigned, sub-licenced or transferred in any way. LEOcrowd has the right to assign, transfer or delegate any of its rights and obligations under these Terms and Conditions without your consent.
If we are prevented or delayed in anyway from complying with our obligations under these Terms and Conditions by events or circumstances beyond our reasonable control, we will not be deemed to be in breach of contract.
LEOcrowd is controlled and operated from the United Kingdom and if you choose to access LEOcrowd from outside the UK, we make no representation that LEOcrowd’s content and operation will be compliant with local laws.
These Terms and Conditions apply to LEO Customers as well as LEO Members or Associates. If you are accessing and using this site as a LEO Member you are in addition to these Terms and Conditions accepting the General Terms and Conditions as represented on the LEO website.
These updated terms will go into effect on May 25, 2018 and apply to all projects launched on LEOcrowd on or after that date. To see the previous version of these terms, which govern all projects launched before that date, click here.