Terms and Conditions
Summary of service
Trado is an agriculture tech enhanced platform that gives you the opportunity to participate in our variety of crop farming. By selecting the kind of farm you would like to invest, we use these funds from you as our partners to secure land, insure farm and farm produce, complete a full farming cycle, sell harvests and then pay the partners profits from a successfully harvested farming cycle.
Acceptance of terms
You shall defend, indemnify, and hold harmless Trado, its affiliates and each of its,affiliates' employees, contractors, directors, suppliers and representatives from all liabilities, claims, and expenses, including reasonable attorneys’ fees, that arise from or relate to your use or misuse of, or access to, the Site, Service, Content or otherwise from your User Submissions, violation of the Agreement, or infringement by you, or any third party using the your account, of any intellectual property or other right of any person or entity. Trado reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will assist and cooperate with Trado in asserting any available defenses..
Limitation Of Liability
In no event shall Trado, it's directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.
Limitation Of Liability
Your use of the Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance. Trado, its subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.
These Terms shall be governed and construed in accordance with the laws of The Federal Republic of Nigeria, without regard to its conflict of law provisions. Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have between us regarding the Service.
Terms Changes Trado Global reserves the right, at its discretion, to change the Terms under which www.trado.ng is offered. The most current version of the Terms will always override all previous versions. Trado encourages you to periodically review the Terms to stay informed of our updates.
TERMS OF INVESTMENT Legal and Regulatory Information
Trado Global is a limited liability company registered in Nigeria, located at No10 obafemi Awolowo way, Treasure plaza, Igbona, Osogbo, Osun state. Trado Global is an Agriculture company providing innovative and digital solutions for its users to invest in the cultivation of farmlands.
The investor will receive periodic updates on the status of the farm by email. The updates are also available on your profile on the Platform. You are expected to review all notifications, updates, and reports from Trado.ng as they represent a record of information pertaining to your investment during a farming cycle. You are entitle to request for a physical visit to the farm you invest on, however, you must provide us with at least 1-week notice to schedule a visit At the beginning of a farming cycle, you will be expected to pay costs related to the lease of land for farming, seedling/livestock, fertilizers, maintenance costs, and the cost of supervision and administration. All costs are included in your investment You agree that by investing on a farm, your contribution is tied and unavailable for the entire duration of the farming cycle and neither Trado Global nor her partners can or will refund your contribution until the successful completion of a farming cycle Any profits from a successful farming cycle are remitted to the electronic wallet on the Platform when the produce is harvested and sold (i.e. upon completion of the farming cycle) At the end of a successful farming cycle, you can decide whether to withdraw your funds from the electronic wallet on the Platform and transfer to a bank account you provide us with or to continue investment for a new farming cycle At the end of a farming cycle, any profits made during harvest will be shared between the investor and Trado Global. You acknowledge that you do not own any of the farms cultivated and are only entitled to the proceeds of any farming cycle you participate in.
Investment Representation and Warranties
Representations and warranties are statements and promises made by you to the Company, which we rely on as being accurate in our dealings with you. You make the following representations and warranties to us at the time of agreeing to these Terms and every time you use the Platform or Services; 1 You are over the age of 18 years; 2 You are of sound mind and have the capacity to enter into these Terms; 3 All personal information that you provide about yourself is accurate and true to the best of your knowledge; 4 You hold a bank account in Nigeria in your own name and will use this account to transfer money to our account when you invest and to receive refunds of contributions made and profits earned; 5 You will only ever invest with your own money unless you are authorised on behalf of a third party (“Third Party”) and we agree that you may act on behalf of that Third Party. 6 You are not using any illegal funds or attempting to launder through your investments. 7 If you are registering or accepting these Terms on behalf of a legal entity such as a company, trust or partnership, you are legally authorised to do so and we may request evidence of such legal entitlement (by way of a copy of any document which shows the valid and subsisting authorisation); and 8 You are not breaching any laws or regulations that are applicable to you or any company, trust or partnership upon whose instructions you are acting.
Where we discover that the Platform is being used to launder money or for any suspicious transactions, we have an obligation to report your activities to the relevant authorities without recourse to you.
Foreign Exchange Risk
Where an investor contributes in a currency other than the Naira, foreign exchange gain or loss and fluctuations in currency rates may have an impact on the profit made on such contribution by the investor. All profits on contribution shall be converted and returned in Naira based on the Central Bank of Nigeria (CBN) official exchange rate. The investor therefore enters into any transactions in currencies other than the Naira at their sole risk and shall bear all responsibilities for any gains or loss as a result. Unexpected changes in currency exchange market conditions may have an impact on the extent of profit the investor would be exposed to such as when there is an upward or downward movement in the relevant rates. The investor understands and is able to assume the risk of loss associated and agrees to be liable for any resulting deficit this might have on contributions made or profits earned.
Terms and Termination
Except as otherwise terminated in accordance with the provisions below, these Terms shall commence on the date you register to invest with the Company and shall remain valid and binding for as long as you have outstanding investment. These Terms may be superseded by any amended Terms. These Terms may be terminated by you provided that you have no outstanding investment. Notice of termination must be provided in writing to email@example.com These Terms may be terminated by the Company at any time without notice.
If you have any question regarding this Agreement, or comments about the Site or its contents should be directed to firstname.lastname@example.org This document was last updated on 04 February 2020