TERMS AND CONDITIONS FOR MINI MEMBERSHIP
VERSION 1.0 01 May 2022
These terms and conditions (“Terms”) define the contractual relationship between you and Millionaireasia Pte Ltd (the “Company”). By applying for the membership of and using the MINI platform you agree to be bound by the Terms. The Terms may be amended by the Company from time to time without prior notice. The amended Terms shall be effective as soon as it is published on the Company’s website. Please review these Terms periodically as your continued participation in the membership is deemed acceptance of any revised Terms in force at the time.
a) All membership applications are subject to acceptance by the Company at its sole discretion. The Company shall notify you if your membership application has been accepted. The Company shall be under no obligation to provide any reason(s) for the rejection of applications.
b) You are obliged to provide correct personal details when you apply for membership. Failure to do so may invalidate your membership and any subsequent transactions. Your responsibility to provide accurate information is a continuing obligation and you must notify the Company promptly if any information provided by you in connection with your membership changes.
c) The Company will issue membership documentation within 14 days following receipt of your membership fees.
d) Your membership is personal to you. You are responsible for ensuring that no third party (other than your personal assistant on your behalf, where applicable) uses your membership.
e) Access to and use of your personalised membership services through the Company’s platforms is through a combination of username and password. You are solely responsible for maintaining the confidentiality of your username and password and you agree to notify the Company immediately if you believe that there has been any breach of security, including the unauthorised use, username and password.
2. Membership Fees and Payment
a) You are required to pay an application fee of $100 subject to prevailing GST (if applicable). This fee shall be refunded to you if we reject your application to be a member. In the event that the applicant withdraws the application, the fees is not refundable.
b) The life time membership fee of MINI is $888, subject to prevailing GST (if applicable). The Company reserves the right to adjust its membership fees with at least thirty (30) days’ advance notice in respect of any such adjustment.
c) The Company and its affiliated companies reserve the right to refuse to provide you with any services should any payment due under these Terms not be received.
d) If you cancel or amend any services, you acknowledge that cancellation and/or amendment charges may be incurred and that the Company shall be entitled to claim from you any such charges. You hereby authorise the Company to debit your Payment Card in respect of any such charges.
3. Member’s Privileges
a) Members shall be allowed to post on MINI’s dedicated platform(s) such as the investment deck & teaser (in PDF format) and promotional videos. At any one time, a member shall be allowed up to a maximum of one (1) post. High resolution videos shall be limited to a maximum duration of three (3) minute. Investment deck and Teaser are subject to a limit of 5MB (in total) in file size for each post. All posts are allowed to remain publicised on MINI’s dedicated platform(s) for a maximum duration of three (3) months. The sample template for teaser is attached as per Schedule 1.
b) All posts are subject to a screening process by and the approval of the Company at its sole discretion. All posts are limited to the description and presentation of the Project. The contact details of the member must always remain anonymous.
c) You represent and warrant that any and all materials submitted to the Company and MINI shall not violate any applicable laws. You shall be responsible for any and all liability arising from and in connection with the materials submitted by you and you undertake to fully indemnify the Company in this regard.
d) You hereby grant full permission to the Company to use, reproduce, publish, distribute and exhibit your name, picture, portrait, likeness or voice, or any or all of them in or connection with your use of the Company’s services, and in connection with the same, you agree to provide the Company with a full release and waiver in form enclosed hereto as Schedule 2.
e) The Company does not provide any form of advice and you should not construe any of the Company’s services as legal, tax, investment, financial, or other advice. You alone assume the sole responsibility of evaluating any and all risks associated with the use of any of the Company’s services. In exchange for using the Company’s services, you agree not to hold the Company, its affiliates or any third-party service provider liable for any possible claim for damages arising from any of your use of the Company’s services.
a) You have the right to cancel your membership until the end of fourteen (14) days after the day on which the Company accepts your membership application (the “Cancellation Period”) by providing you with written notice. If you wish to cancel your membership, you shall inform the Company of your decision in writing.
b) If you cancel your membership within the Cancellation Period, the Company will refund your membership fees, less (a) deductions for any services rendered to you by the Company up until you informed the Company of your decision to cancel and (b) an administrative charge of S$200 subject to prevailing GST (if applicable).
c) The Company reserves its right in its sole discretion to cancel or suspend your membership where it has reason to do so. If the Company cancels your membership, where it is reasonable to do so the Company shall refund the balance of the current annual membership fees on a pro rata basis in respect of the unexpired period to which the annual membership fee relates.
5. Personal data protection
6. Limitation of liability
a) All descriptions of any products, services or benefits provided to you by the Company have been approved by the relevant supplier. The Company shall not be liable for any inaccurate or misleading descriptions.
b) In no event shall the Company be liable for any special, indirect, incidental or consequential damages, loss of revenue or profits, loss of business, depletion of goodwill and/or similar losses, loss of anticipated savings, loss of goods; or, loss of contract, or loss of use or, loss of corruption of data or information whether direct or indirect or loss of property or (to the extent permitted by the law) personal injury or death, arising under or in connection with the membership.
c) In no event shall the Company’s aggregate liability to the member in respect of all other losses arising under or in connection with their membership, whether arising out of or related to breach of contract, tort (including negligence), or otherwise, exceed the total value of the member’s annual membership fee.
d) The Company may assign or deal with these Terms in favour of any of its subsidiaries, subcontractors or appointed agents to carry out any of its obligations herein. The Company shall not be responsible to the member for any delay in performance or non-performance of its subcontractors and/or agents due to causes beyond its reasonable control.
e) Except as expressly set out in these Terms, all warranties, conditions and other terms implied by statute or common law are, to the fullest extent permitted by law, excluded from these Terms.
f) This Clause 7 shall survive termination of these Terms.
a) The Company reserves the right to interpret, apply and communicate these Terms as posted on its website. All decisions made by the Company shall be final and conclusive in each case.
b) These Terms shall be governed by and construed in accordance with the laws of the Republic of Singapore. Any unresolved dispute arising under, out of, or in connection with these Terms, including any questions regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force.
c) Notwithstanding anything in these Terms, in the event of any dispute no party shall proceed to any dispute resolution unless the parties have made reasonable efforts to resolve the same through mediation in accordance with the mediation rules of the Singapore Mediation Centre for the time being in force.
d) To the extent that any provision contained or referred to herein is contrary to anything contained in any applicable laws, government regulations, orders or requirements that cannot be waived by agreement of the parties, such provision shall not apply. The invalidity of any provision shall not affect the validity of any other provision.