1. Rules

• post, transmit or otherwise distribute information constituting or encouraging conduct that would constitute a criminal offense or give rise to civil liability, or otherwise use the Site in a manner which is contrary to law or would serve to restrict or inhibit any other user from using or enjoying the Site or the Internet;
• post or transmit any information or software which contains a virus, cancelbot, trojan horse, worm or other similar, harmful or disruptive component; or
• upload, post, publish, transmit, reproduce, or distribute in any way, information, software or other material obtained through the Site which is protected by copyright, or other intellectual property right, or derivative works with respect thereto, without obtaining permission of the copyright owner or right-holder.

2. Site Operation

Loft47 shall be under no obligation to continue to operate the Site for any particular term and may remove or change the Site at its sole and absolute discretion.

3. Monitoring

Loft47 has no obligation to monitor the Site. However, you agree that Loft47 has the right to monitor the Site electronically from time to time and to disclose any information as necessary to satisfy any law, regulation or other governmental request, to operate the Site properly, or to protect itself or its users in accordance with Loft47’s Privacy Policy. Loft47 will not intentionally monitor or disclose any private electronic-mail message unless required by law. Loft47 reserves the right to refuse to post or to remove any information or materials, in whole or in part, that, in its sole discretion, are unacceptable, undesirable, or in violation of this Agreement.

4. Submissions

All information submitted to Loft47 through Site shall become the property of Loft47 and Loft47 shall be free to use, for any purpose, idea, concepts, know-how or techniques contained in information that you may submit to the Loft47 through this Site. Loft47 shall not be under an obligation of confidentiality in respect of such information except and to the extent that Loft47 enters into or assists in establishing a customer relationship with or for you, or as otherwise agreed by Loft47 or as may be required by applicable law. This provision shall not serve to limit the responsibilities of Loft47 in respect of customers with whom or for whom it has established a customer relationship. By engaging with our services, you grant Loft47 the non-exclusive royalty-free right to display your company logo on our website for the purpose of showcasing our client portfolio. This usage will be limited to our client logo carousel, a dedicated clients section on our website and will not be used in any manner that discredits or damages your brand. You may request the removal of your logo at any time by providing written notice, and we will comply within 10 business days.

5. Privacy

In so far as you enter into a customer agreement, other than this Agreement, with Loft47 or one of its associated service providers, integrated platforms, processors or suppliers, then information submitted by you in the course of such relationship shall be governed pursuant to the Loft47 privacy policy posted on this Site, such as it may be from time to time.

6. Limitation of Liability

COMPANY, INCLUDING ITS AFFILIATES, RELATED COMPANIES, SERVICE PROVIDERS, INTEGRATED PLATFORMS, PROCESSORS AND OTHER SUPPLIERS, TAKE NO RESPONSIBILITY FOR THE ACCURACY OR VALIDITY OF ANY CLAIMS OR STATEMENTS CONTAINED IN THE SITE. FURTHER, COMPANY MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF ANY OF THE INFORMATION CONTAINED ON THE SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, INCLUDING WITHOUT LIMITATION IMAGES, VIDEOS AND OTHER DOCUMENTATION IS PROVIDED “AS IS” AND WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND. IN NO EVENT SHALL COMPANY BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF INFORMATION, PRODUCTS OR SERVICES AVAILABLE ON OR THROUGH THE SITE. UNDER NO CIRCUMSTANCES SHALL THE COMPANY BE LIABLE TO YOU FOR ANY AMOUNT GREATER THAN $100.

7. Recourse

If you are dissatisfied with the Site or with any terms, conditions, rules, policies, guidelines or practices of Loft47 in operating the Site, your sole and exclusive remedy is to discontinue using the Site.

8. Indemnity

You agree to defend, indemnify and hold Loft47 and its affiliates and related companies harmless from any and all liabilities, costs and expenses, including reasonable attorneys’ fees, related to any violation of this Agreement by you or users of your account, or in connection with the use of the Site or the Internet or the placement or transmission of any message, information, software or other materials on the Site or on the Internet by you or users of your account.

9. Intellectual Property

All elements of the Site (the “Elements”) such as, without limiting the generality of the foregoing, the texts, articles, photos, illustrations, images, videos and audio materials, are the property of Loft47 and are subject to licenses or agreements allowing their broadcast through the site. No site Element may be copied, reproduced, distributed, published, translated, downloaded, posted or sent, in any way whatsoever, without the prior written approval of Loft47 or the copyright holder. You are allowed to post or download the site Elements, but solely for non-commercial purposes and for personal use, provided you do not change these Elements and maintain all their intellectual property notices.The trademarks and logos used or posted on the Site are trademarks which were registered or not by Loft47 or third parties. Nothing in the Site may be interpreted as allowing, directly or indirectly, the use of a trademark reproduced on Site without the prior written approval of the owner of such trademark.

10. Third Party Links

Third parties may provide links to other internet websites or resources on this Site. Loft47 neither controls nor endorses such ‘linked sites’ nor have we reviewed or approved the content or information that appears on these linked sites. You acknowledge and agree that Loft47 is not responsible for the legality, accuracy or appropriate nature of any content, advertising, products or any other materials on or available from such linked sites. You further acknowledge, and agree that Loft47, its officers, directors, employees, affiliates nor any other representatives shall not be held responsible, or liable, directly or indirectly, for any damage, or loss caused, or alleged to be caused, by or in connection with use of or reliance on any such content, goods and services available on or through any such linked sites.

11. Territory

The Site originates and is published in Canada, however, certain services offered from this Site are offered elsewhere.

12. Amendments

Loft47 reserves the right to amend this Agreement at any time and without notice. Such changes shall be binding on you if you continue to use the Site. Please review this Agreement from time to time to see that you are in agreement with the terms hereof, such as they may be from time to time.

13. Miscellaneous

This Agreement, including any and all documents referenced herein, constitutes the entire agreement between Loft47 and you pertaining to the subject matter hereof. In the event that you are solicited by Loft47 for a product or service and you wish to procure such product or service then the application for and supply of such product or service shall be governed by additional terms and conditions separate and apart from this Agreement. Loft47’s failure to insist upon or enforce strict performance of any provision of this Agreement shall not be construed as a waiver of any provisions or right. Nothing in this Agreement shall be construed as constituting a partnership, joint venture or other association of any kind, or agent/principal relationship between the parties hereto. If any of the provisions contained in this Agreement were determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions contained herein. This Agreement shall be governed by and construed in accordance with the applicable laws of the Province of British Columbia and the federal laws applicable therein.

Contacting Loft47

If you have any questions concerning this Agreement, please contact Loft47 through  or other contact information set out on the Site. © 2019 Loft47, a division of Loft Technologies, Inc. All rights reserved.

Loft47 Account Terms & Conditions of Use

Loft47, a division of Loft Technologies, Inc., a company having its corporate place of business at P.O. Box 18091, Vancouver B.C., V6M 4L3  (“Loft47”) provides visitors to Loft47.com and the associated services (the “Site”) the right to create and use an account through the Site subject to your compliance with the terms and conditions below (the “Agreement” or “Terms and Conditions”).

1. Loft47 Account

The Site permits you to create an account accessible through the Site (your “Account”). The Account shall serve the following purposes, at the discretion of Loft47: (a) on your instructions, submitting your information to suppliers of various services that you elect to procure (each a “Vendor”); (b) providing demonstrations of various products and services; (c) providing certain reporting concerning services that you have elected to procure through Loft47, which services may be provided by Loft47 or third parties, such as associated service providers, integrated platforms or processors; and (c) providing a portal through which you may be able to refer additional potential clients to Loft47 (collectively, the “Services”). You shall retain sole and exclusive responsibility for any and all use of such access codes for the Account. You may not use the Services or the Account for or on behalf of any third party. You may only obtain an Account in your capacity as a business and not as an individual consumer.

• Compliance with Laws. You shall use Services in a manner that is in full compliance with all applicable laws in the jurisdictions where each of Loft47 and you are located. You will conduct your affairs in an ethical manner and in accordance with the terms and intent of this Agreement, and in compliance with all applicable laws and regulations. All products and services that you may sell or wish to sell (collectively “Products”) must be legal in Canada and the United States and in all places where yours actual or potential customers are located.
• Fraud. You shall not promote or allow the use of the Services or Product in connection with any money laundering, fraudulent or other illegal activities under any laws or regulations of any applicable jurisdiction.
• Prohibited Uses. You shall not use the Services to itself or permit any third party to operate any e-wallet, remittance, payment aggregation or payment services company, nor shall it use the Services in relation to the sale or promotion of any pornography, pharmacy, pharmaceuticals, drugs, prohibited substances, controlled substances, (online or physical) gambling, gaming, casinos, betting, the collection or resale of personal information or any other product or service deemed unacceptable by Loft47, acting at its sole discretion. On notice to you, Loft47 reserves the right to suspend Services to a you whose activities it deems to be illegal or inappropriate.
• Fees. Some Services are provided by third parties, which third parties shall have direct contracts with you in which the rates for such Services are set out. Other Services are provided by Loft47 in which case Loft47 will disclose to you the fees applicable thereto (the“Fees”). When you elect to procure a Service, there shall be an indicator of the supplier thereof if it is other than Loft47. You shall pay all Fees and other amounts owing hereunder.
• Loft47 Fee Services. In conjunction with your acceptance of this Agreement, Loft47 will identify those Fees that apply to Loft47 Services. Such Services are provided by Loft47, not any third party. These Loft47 Services include consulting on management of trust accounts and accounting practices, consulting concerning the eligibility of your business for transaction processing and related necessary services.
• Taxes on Services. Unless otherwise notified, Fees are exclusive of all applicable taxes on the Services. Loft47 may, at its discretion, deem taxes to be payable inclusive of increased Fees by providing notice to that effect to you through your Account.g) SPAM Prohibited. You may also promote the Service or any Product, if any, in any manner it deems fit provided that such promotion does not violate any applicable laws and does not consist of use of phishing, bulk e-mails, fax blasting for any illegal or distasteful business practices.

2. Pre-Authorized Debit Agreement

You authorize Loft47 and the financial institution designated (or any other financial institution you may authorize at any time) to begin deductions as per Loft47 instructions for monthly regular recurring payments or a one-time payment for payment of all Fees charges arising this Agreement. Regular weekly payments for the full amount of service delivered will be debited to your specific account identified in your on boarding process on the last business day of the week. Loft47 will send a statement of upcoming debit 5 business days prior to debit. This authority is to remain in effect until Loft47 has received written notification from you of its change or termination. This notification must be received at least 30 days prior to the termination date at the address for Loft47 provided below. Loft47 may not assign this authorization – whether directly or indirectly, by operation of law, change of control or other- wise – without providing at least 10 days prior written notice to you. You have certain recourse rights if any debit does not comply with this Agreement. For example, you have the right to receive reimbursement for any PAD that is not authorized or is not consistent with this pre-authorized debit agreement (the “PAD Agreement”). To obtain a form for a Reimbursement Claim, or for more information on your recourse rights, you may contact our financial institution or visiting www.cdnpay.ca. The PAD Agreement shall apply to all Loft47 Services delivered under this Agreement or other agreements between you and Loft47, such as they may be from time to time.

3. Collection, Use, Storage and Disclosure of Personal Information

YOU SPECIFICALLY AGREE THAT Loft47 MAY COLLECT, STORE AND DISCLOSE ALL APPLICATION DATA FOR THE PURPOSES OF: (A) COMPLETING A SYSTEM MIGRATION TO A NEW ACCOUNTING PLATFORM; (B) CREATING A PROFILE WITH PAYMENT PROCESSING COMPANIES; AND (C) ASSISTING THE THIRD PARTY PARTNERS IN PROVIDING CUSTOMER SUPPORT FOR SERVICES THAT YOU MAY PROCURE; AND (D) OFFERING AND PROVIDING OTHER SERVICES YOU.

Third Party Content

Certain of the Services may permit you to access information posted by third parties (“Third Party Content”). Loft47 does not guarantee the accuracy, integrity or quality of such Third Party Content. Under no circumstances will Loft47 be liable in any way for any Third Party Content, including, but not limited to, any errors or omissions in any Third Party Content. Loft47 is not and shall not be responsible or liable for the accuracy, usefulness or availability of any Third Party Content transmitted or made available via the Service. Loft47 grants you permission to access and view the Site for the purposes stated on the Site. Any other use of the Site, in whole or in part, without permission of the applicable rights holder is strictly prohibited, including without limitation: modification, republication, deletion, transmission, public performance, distribution, proxy caching, uploading, posting, reproduction for purposes other than those noted above, or other similar unauthorized exploitation of the Site or Third Party Content. Without limiting the foregoing, unauthorized use of the Site or Third Party Content is illegal and could subject you to criminal prosecution as well as personal liability for damages in a civil suit.

5. Indemnification

You shall defend, indemnify and hold harmless Loft47, its directors, officers, employees, agents, assigns, and successors-in-interest from and against any and all third-party liability, damages, losses, claims, demands, actions, causes of action and costs (including attorneys’ fees and expenses) arising out of or resulting from:

• your performance under this Agreement including, without limitation, performance, non-performance, or defect in performance, any statement, misstatement, representation or misrepresentation made by you;
• the negligent or willful acts or omissions of you or your agents and/or employees; and
• any statements, claims, representations or warranties made by you or your agents and/or employees, relating to the Products or Services or any other matter.

6. Your Representations and Warranties

It is agreed between the Parties that performance by Loft47 hereunder, whether the representations, warranties and covenants of you are fulfilled or not, shall in no manner whatsoever waive the benefit, to Loft47, of any such representations, warranties and covenants of you. You hereby warrant and covenant to Loft47 that:

• Duly Constituted. You are a business or carries on an organized economic activity for profit or otherwise and, if you are not an individual, you are duly constituted under the laws of your constituting jurisdiction and that you have legal capacity to enter into this Agreement and perform its obligations hereunder. You are registered as a business in every jurisdiction where you carry on business;
• Duly Authorized. You have the necessary corporate power and authority to execute this Agreement and to perform its or his obligations hereunder. Such execution and performance by you does not require any action or consent of, any registration with, or notification to, any person, or any action or consent under any laws or regulations which you is subject;
• Notice of Defects. You will immediately advise Loft47 and your customers in writing of defects in the Product or any claim or threatened claim against it in relation to the Product;
• Compliance with Laws. The Product conforms to all applicable laws in the jurisdictions where Loft47, you and its customers are located. It will conduct its business affairs in an ethical manner and in accordance with the terms and intent of this Agreement, and in compliance with all applicable laws and regulations, including but not limited to all laws and regulations applicable in Canada, the United States and all jurisdictions where your customers are located. You shall not use the Services to sell or promote or otherwise facilitate pornography, gambling or casinos, whether online or otherwise;
• Customer Information. You have obtained all necessary express consents of your customers to disclose to Loft47 any and all personal or other non-public information concerning them that is necessary for Loft47 to provide the Services.
• Solely for Business Purposes. You shall use the Services exclusively for business purposes or in the course of carrying on an organized economic activity, whether for profit or otherwise.
• Opportunity to Consult Counsel. You have had the opportunity to consult legal counsel for the purpose of reviewing and obtaining advice as to the terms hereof.

7. Confidential Information

You agree that, during the term hereof and for a period of two (2) years thereafter neither you nor any of your affiliates will directly or indirectly disclose any Confidential Information. For the purposes of this Agreement, “Confidential Information” means all proprietary, secret or confidential information or data relating to Loft47 and any of its affiliates, operators, employees, independent sales organizations, agents, products or services, clients, customers or potential customers, merchants or users or merchants. Confidential Information shall include, without limitation, client lists, all agreements and all parts thereof, financial or other data in any format, computer access codes, instruction and/or procedural manuals, gift card information, human resource or personnel information, business strategies and the terms and conditions of this Agreement. Information shall not be considered Confidential Information to the extent, but only to the extent, that such information is:

• already known to the receiving party free of any restriction at the time it is obtained;
• subsequently learned from an independent third party free of any restriction and without breach of this Agreement;
• or becomes publicly available through no wrongful act of the receiving party; (iv) independently developed by the receiving party without reference to any Confidential Information of the other; or
• required to be disclosed by law. Upon any termination hereof, you shall return all Confidential Information in its possession to Loft47.

8. Limitation of Liability

• No Warranties. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, Loft47 EXPRESSLY DISCLAIMS ANY IMPLIED WARRANTIES AND CONDITIONS, INCLUDING ANY IMPLIED WARRANTIES, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT, AS WELL AS ANY WARRANTIES THAT THE SERVICES PROVIDED BY Loft47 OR THAT THE OPERATION OF THE SERVICES WILL BE INTERRUPTION OR ERROR FREE.
• Limitations of Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, Loft47, IT’S VENDORS, CLIENTS, AGENTS AND LICENSORS, SHALL NOT, UNDER ANY CIRCUMSTANCES, BE LIABLE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TO YOU FOR CONSEQUENTIAL, INCIDENTAL, SPECIAL OR EXEMPLARY DAMAGES, EVEN IF Loft47 HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING. EXCEPT AS REQUIRED BY LAW, IN NO EVENT SHALL Loft47’S LIABILITY (WHETHER BASED ON AN ACTION OR CLAIM IN CONTRACT, TORT OR OTHERWISE) TO YOUR, OR ANY THIRD PARTY, IN ANY WAY CONNECTED WITH OR ARISING OUT OF THIS AGREEMENT EXCEED THE FEES ACTUALLY PAID TO Loft47 DURING THE THREE (3) MONTHS PRIOR TO THE EVENT GIVING RISE TO LIABILITY.
• Force Majeure. Loft47 shall use its commercially reasonable efforts to perform its obligations hereunder, however, Loft47, its affiliates, agents or licensors shall not be liable for any loss resulting from the activities of you, nor from any erroneous statements or errors in transmission, nor for any loss resulting from any delay, interruption or failure to perform hereunder due to any circumstances beyond Loft47’s reasonable control including, without limitation, acts of god, fire, explosion, earthquake, riot, terrorism, war, sabotage, accident, embargo, storms, strikes, lockouts, any interruption, failure or defects in Internet, telephone, or other interconnect services or in electronic or mechanical equipment. Loft47’s obligations hereunder shall be suspended during any of the foregoing circumstances, which suspension shall not be a cause for termination of this agreement by you.

9. Term and Termination

• Term. This Agreement shall be effective commencing on the date on which your Account is activated by Loft47 and ending one (1) years thereafter (the “Initial Term”). After the Initial Term, this Agreement shall be renewed automatically for additional consecutive one (1) year periods, unless earlier terminated in accordance with the terms hereof.
• Termination. Loft47 may terminate this Agreement at any time on notice to you. Either party may terminate this Agreement on thirty (30) days notice prior to the end of the then current term. Either party may terminate this Agreement in the event that the other party is in material breach hereof and such breach is not cured within thirty (30) days of notice of such breach.
• Suspension. If any information provided by you is found by Loft47 to be inaccurate or false, or your use of the Services or Account places Loft47 under excessive security, financial or reputational risk, Loft47 may immediately suspend or terminate the Services or cause its Vendors to do the same, as the case may be.
• Modification or Termination of Service. Loft47 reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. You agree that Loft47 shall not be liable to you or to any third party for any modification, suspension or discontinuance of the Service. Loft47 shall be under no obligation to continue providing any of the Services and may terminate Services for you at its sole discretion and without penalty on five (5) days notice through the Account.
• Behaviour and Mutual Respect. Loft47 reserves the right at any time and from time to time to refuse or suspend service for any communications or behaviour that is considered inappropriate, rude or disrespectful during the course of  building and maintaining professional and mutually respectful working relationships.
• Procedure Upon Termination. No termination of this Agreement shall affect your rights or obligations under any agreement you may have entered into with a Vendor. Upon any termination of this Agreement, you shall longer be entitled to use the Account or any of the Services supplied by Loft47. Loft47 will provide access to all data and documentation that you own. All provisions regarding indemnification, representations, warranties, liability and limits thereon and confidential information shall survive termination and termination of this Agreement shall not relieve you of its obligations to pay accrued Fees or other liabilities to you hereunder.
• Unacceptable Use. Loft47 reserves the right at any time to refuse or suspend service for any behaviour that is considered malicious, unacceptable, or prevents other customers from using our service, including the introduction of malicious code, viruses, cross-site request forgery, cross-site scripting, injection attacks or exceeding our rate requests.

10. Subject to General Terms and Conditions of Use of Site

Your use of the Account is subject to the General Terms and Conditions of Use of the Site which are incorporated herein by reference.

11. General

• Notices. Any notice, demand, request or other communication required or permitted to be given under this Agreement shall be in writing and delivered personally, or sent by prepaid registered mail, return receipt requested (i) to Loft47 at the postal address provided therefore on the Site; to you at the address provided therefore on Account opening; or to such other address as either party may have previously indicated to the other in writing in accordance with the foregoing. Any such notice, request, demand or communication shall be deemed to have been received on the day it was delivered personally, on the fifth (5th) day following mailing, unless there is a disruption of any kind of postal service.
• Independent Contractor. Neither party has any right to create any obligations on the part of the other party, without the other’s prior written consent. Nothing in this Agreement or the course of dealing of the parties shall be construed to constitute the parties hereto as partners, joint ventures or as agents or employees of one another or as authorizing either party to obligate the other in any manner. You shall not (1) bind Loft47 to any contract or agreement, (2) incur any obligation on behalf of Loft47, (3) release, assign or transfer any agreement, claim, security or any other asset of Loft47, (4) borrow or lend any money in the name of Loft47, or (5) submit to any claim or liability related to the Services, allow judgment to be taken or confessed against Loft47. You, being an independent contractor, shall not receive as compensation, or be reimbursed, for any of the following:
  • work materials that you may use in performing hereunder,
  • business facilities, telephone, automobile or any other equipment,
  • any employee benefit,
  • reimbursement for any other cost or expense incurred by you in its promotion of the Services hereunder.
• Amendments to this Agreement. From time to time Loft47 will post amendments or revisions to this Agreement, including, without limitation, amendments to Fees, on the Site accessible through the Account. If the amendment or revision is required in order to Loft47 and the Services to remain in compliance with applicable laws or payment processor regulations, then the amendment or revision shall take effect as of when it is posted to the Account. If, on the other hand, the amendment or revision is not required under law or by a payment processor of Loft47, and you does not close its Account within thirty (30) days of notice through the Account of the amendment or revision, then you shall be deemed to have accepted the amendment or revision. Other than as provided in this section, this Agreement may not be amended except by express consent of both parties through the Account.
• Assignment. None of you or any of your successors may assign this Agreement, or any rights hereunder, directly or by operation of law, without the prior written consent of Loft47 which consent may be withheld for any reason, at Loft47’s sole discretion. Loft47 may assign its rights and obligations under this Agreement to a third party on notice to you through the Account.
• Successors. This Agreement and the provisions hereof shall ensure to the benefit of and be binding upon the Parties and their respective successors and permitted assigns.
• Enforcement. You shall use the Services exclusively for business purposes or in the course of carrying on an organized economic activity, whether for profit or otherwise.
• Remedies. All remedies of either party hereunder are cumulative and may be exercised concurrently or separately. The exercise of any one remedy shall not be deemed to be an election of such remedy and shall not preclude the exercise of any other remedy. No failure on the part of either party to exercise and no delay in exercising any right or remedy hereunder shall operate as a waiver of such right or remedy.
• Severability. If any provision of this Agreement is held invalid or unenforceable by any court of final jurisdiction, it is the intent of the parties that all other provisions of this Agreement be construed to remain fully valid, enforceable and binding on the parties.
• Governing Law and Choice of Forum. To the extent permitted by law, this Agreement shall be deemed to have been formed in the Province of British Columbia, Canada. This Agreement shall be deemed to be governed and enforced in accordance with the laws of the Province of British Columbia whose courts, in Vancouver, shall have exclusive jurisdiction over disputes arising hereunder.
• Whole Agreement. References to “this Agreement” include any Fees, schedules, supplementary agreements, addendum, appendices and amendments and any other agreements, schedules appendices and amendments promulgated by Loft47 and furnished to you from time to time. This Agreement replaces any earlier versions hereof appearing on the Site or otherwise.

Contacting Loft47

If you have any questions concerning this Agreement, please contact Loft47 through  or other contact information set out on the Site.© 2019 Loft47, a division of Loft Technologis, Inc. All rights reserved.

Loft47 App End User License Agreement

This end user license agreement (the “Agreement”) is entered into between Loft47 and you or the company you represent (in either case “You”, “Your”, “You”). This Agreement applies to the software that accompanies this Agreement known as Loft47 (the “App”), in whichever manner you may receive it or make use of it, which shall include all: downloads of the App, updates or patches to App, documentation for the App such as user guides, training videos and other documentation, online services, such as those appearing on the  (the “Site”), that relate to the App and all Loft47 support services, (such as technical support, system setup, installation assistance, related to the App or otherwise).

THIS IS A LEGALLY BINDING AGREEMENT BETWEEN YOU AND COMPANY. BY INSTALLING OR USING THE APP YOU ARE AGREEING TO THE TERMS OF THIS AGREEMENT. IF YOU DO NOT AGREE TO BE BOUND BY THIS AGREEMENT, YOU ARE NOT PERMITTED TO USE THE APP AND MUST UNINSTALL AND/OR DISCONTINUE USE OF THE APP.

1. App License

The App is licensed, not sold. This Agreement only gives you some rights to use the App. Loft47 reserves all other rights. Unless applicable law gives you more rights despite this limitation, you may use the software only as expressly permitted in this Agreement. Subject to the terms of this Agreement, Loft47 grants you, and you accept, a limited, non-transferable license to use the App only for the specific purposes set forth herein, and for no other purpose (the “License”). The purpose for which the foregoing limited, non-transferable license is granted is to permit you to use the App to assist you in Real Estate sales and management on a single tablet, computer, mobile device (each a “Device”), or a single network server supporting no more than the permitted number of Users (as defined below) at one time. Your Device operating system must be operating according to vendor / licensor / carrier specification and it may not be hacked or jail-broken. You must be the rightful user of your Device. Loft47 assumes no liability whatsoever from compromised or unlicensed Devices running the App.

2. Limitations on App Use

• Without limitation, you agree not to:
  • use the App in any form other than object code form;
  • decompile, reverse engineer, or otherwise seek or utilize any expression of the App in other than object code form;
  • copy the App or any part thereof (including without limitation reproduction of screenshots of the operation thereof);
  • alter or otherwise modify the App, or any part thereof for any purpose; (v) sub-license, or assign the use of the App to any third party;
  • publish the software for any purpose;
  • use the App for any purpose that is a breach of laws applicable in the jurisdiction where you reside, any of the United States or Canada.
• The License may be on a trial basis in which case, your use of the App is limited to the trial period and any other restrictions on a License that may apply to a trial period, such as limited functionality.
• If your License is on a Fee subscription basis, your rights to use the App are limited to the subscription period. You may have the option to extend your subscription. If you extend your subscription, you may continue using the software until the end of your extended subscription period. If the period is month to month then your license is renewed for an additional month with each Fee payment.

3. Multiple Users

You are responsible for the acts and omissions of any User to whom you grant access through creation or use of an account. Loft47 is not responsible for any Data (as defined below) cause by you or a User authorized as such by you through a account creation.

4. Data Collection and Access

• In the course of using the App, you may upload data to the App concerning your App preferences, services, inventory, billing, pricing, pictures, videos, terms of sale, terms of listing, commission structures, deductions, other customizable fields within the App, employee information, agent information, Client (as defined below) information, version, App version, App product ID, internet protocol address of your Device, hardware configuration of your Device, including unique identifiers of the hardware, firmware, or operating system (all being “Data”). BY USING THE APP, YOU ARE GRANTING COMPANY A RIGHT TO COLLECT, STORE, USE AND DISTRIBUTE THE DATA AS PER YOUR INSTRUCTIONS THROUGH THE APP IN ORDER TO FACILITATE YOUR USE THEREOF AND THE USE THEREOF BY YOUR CLIENTS (each a “Client”). Data will be stored on servers controlled by the Loft47, and not necessarily on your Device. Other than the foregoing rights in the Data, all Data shall remain your sole and exclusive confidential property. Loft47 may, however, use anonymized, aggregate Data for its own internal purposes, for the purposes of analyzing its clients needs, or to provide business intelligence insights to our clients and promoting the App to third parties. You are responsible for the content and accuracy of all Data.
• Loft47 reserves the right (but has no obligation) to reject or edit Data, in so far as it is distasteful or appears to be used in contravention of third party intellectual property rights as reasonably determined by Loft47. Loft47 can only remove Data from its network, and Loft47 makes no representation or warranty regarding the removal of Data from sites outside of the Loft47 network.
• Where Data include images, you grant to Loft47 an exclusive revocable license to use, copy, distribute, transmit, display and publish such images in connection with your account. You also expressly agree not to display, transmit or use these images in any way in connection with any services competing with Loft47.
• Loft47 may provide access to the Data through the Site through which you may be able to change Data, subject to the terms of use of the Site and this Agreement.
• By entering your personal information, such as first name, last name, phone number, email or other such information, you agree to let Loft47 use that information for marketing purposes, including but not limited to, contacting you directly for services, or passing your information onto third parties for marketing of related services or products.

5. Cardholder Data

The App does not store information from Client credit cards or other payment instruments (“Cardholder Data”). You must not store Cardholder Data, unless you do so in accordance with applicable law and payment industry rules and policies. You must operate your business, in full compliance with applicable payment industry rules and standards including without limitation, those applicable to merchants and appearing on the following sites all of which are incorporated herein by reference: www.mastercard.com,  and www.pcisecuritystandards.org.

6. Fees and Late Payment

With the exception of any limited trial period posted on the Site, which may be used only once by any given User, the agreement to use the App is subject to your payment of fees as set out on the Proposal provided by Loft47 (the “Fees”). Fees are subject to change by notice through email or other digital communications, the App, or the Site; your continued use of the App for thirty (30) days following any such notice shall be your implicit acceptance of the change in Fees. The Fees shall be in addition to any other fees for which you may be liable to the Loft47 under other agreements with Loft47. Loft47 shall have the right to collect Fees payable under this Agreement pursuant to the PAD Agreement between you and Loft47.

Loft47 reserves the right to render invoices for the full (non-discounted) Access Fees due or suspend or terminate Your use of the Service in respect of any or all of Your Organizations in the event that any invoices for those Access Fees are not paid in full in accordance with the requirements set out in the Fee Schedule.

Loft Technologies requires an active payment method on file to use the platform. Without an active payment method, you will not have access to your role's full functionality.

Please email accounting@loft47.com or contact our live chat support for instructions on updating your payment method.

Licensing fees can be paid with your bank or credit card. Loft will cover any applicable costs for using your bank account; however, you will be responsible for any costs associated with using your credit cards.

Our payment platform will retry your payment method up to five times if your card or payment method fails. We reserve the right to limit access to the Loft47 application within 15 days of nonpayment. If you log into your account and are unable to access your usual functionality, please reach out to accounting@loft47.com or use our live support channel to reestablish a viable payment method.

7. Support

Support for the App is available for additional Fees. Please contact Loft47 concerning support you may wish to purchase.

8. Your Representations and Warranties

It is agreed between the Parties that performance by Loft47 hereunder, whether the representations, warranties and covenants of you are fulfilled or not, shall in no manner whatsoever waive the benefit, to Loft47, of any such representations, warranties and covenants of you. You hereby warrant and covenant to Loft47 that:

• Duly Constituted. You are a business or carries on an organized economic activity for profit or otherwise and, if you are not an individual, you are duly constituted under the laws of your constituting jurisdiction and that you have legal capacity to enter into this Agreement and perform its obligations hereunder. You are registered as a business in every jurisdiction where you carry on business;
• Duly authorized. If you are an individual, you are over the age of 18. If you are a company, you have the necessary corporate power and authority to execute this Agreement and to perform its or his obligations hereunder. Such execution and performance by you does not require any action or consent of, any registration with, or notification to, any person, or any action or consent under any laws or regulations which you is subject;
• Notice of Defects. You will immediately advise Loft47 and your Clients in writing of defects in your products or services or any claim or threatened claim against it in relation to them;
• Compliance with Laws. Your business conforms to all applicable laws in the jurisdictions where Loft47, you and its customers are located. It will conduct its business affairs in an ethical manner and in accordance with the terms and intent of this Agreement, and in compliance with all applicable laws and regulations, including but not limited to all laws and regulations applicable in the jurisdiction where you reside, the United States, Canada and all jurisdictions where your Clients are located. You shall not use the App to sell or promote or otherwise facilitate pornography, gambling or casinos, whether online or otherwise;
• Customer Information. You have obtained all necessary express consents of your Clients to disclose to Loft47 any and all personal or other non-public information concerning them that is necessary for Loft47 to operate its business.
• Solely for Business Purposes. You shall use the App exclusively for business purposes or in the course of carrying on an organized economic activity, whether for profit or otherwise.
• Collection of Taxes. You agree to collect and remit all taxes applicable to your products and services.
• Opportunity to Consult Counsel. You have had the opportunity to consult legal counsel for the purpose of reviewing and obtaining advice as to the terms hereof.

9. Title in App

The App, including its source and object codes, documentation (including all descriptive material concerning the functions and technical specifications of the App, user manuals, technical manuals, and other materials issued to clients in connection with the account), appearance, structure and organization, is a proprietary product of Loft47 and is protected by copyright and other laws. Title to the App, and any copy, update, modification or merged portion thereof, shall at all times remain with Loft47. You acknowledge that Loft47 expressly reserves the entire right, title and interest in and to the App, and retains the exclusive right to reproduce, publish, sell, modify, distribute, prepare derivative programs of, and license to other licensees, the App. You shall not remove any trademarks, proprietary legends, or copyright notices from the App, or reproduce, publish, sell, modify, distribute, prepare derivative programs of, or sublicense the App in any manner.

10. Confidential Information

You agree that, during the term hereof and for a period of two (2) years thereafter neither you nor any of your affiliates will directly or indirectly disclose any Confidential Information. For the purposes of this Agreement, “Confidential Information” means all proprietary, secret or confidential information or data relating to Loft47 and any of its affiliates, operations, employees, independent sales organizations, agents, products or services, clients, customers or potential customers, merchants or users or merchants. Confidential Information shall include, without limitation, client lists, all agreements and all parts thereof, financial or other data in any format, computer access codes, instruction and/or procedural manuals, gift card information, human resource or personnel information, business strategies and the terms and conditions of this Agreement. Information shall not be considered Confidential Information to the extent, but only to the extent, that such information is:

• already known to the receiving party free of any restriction at the time it is obtained;
• subsequently learned from an independent third party free of any restriction and without breach of this Agreement;
• or becomes publicly available through no wrongful act of the receiving party;
• independently developed by the receiving party without reference to any Confidential Information of the other; or
• required to be disclosed by law. Upon any termination hereof, you shall return all Confidential Information in its possession to Loft47.

11. Indemnification

You shall defend, indemnify and hold harmless Loft47, its directors, officers, employees, agents, assigns, and successors-in-interest from and against any and all third-party liability, damages, losses, claims, demands, actions, causes of action and costs (including attorneys’ fees and expenses) arising out of or resulting from (i) your performance under this Agreement including, without limitation, performance, nonperformance, or defect in performance, any statement, misstatement, representation or misrepresentation made by you; (ii) the negligent or willful acts or omissions of you or your agents and/or employees; and (iii) any statements, claims, representations or warranties made by you or your agents and/or employees, relating to any products or services that you may offer or any other matter.

12. Limitation of Liability

NO WARRANTIES. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, Loft47 EXPRESSLY DISCLAIMS ANY IMPLIED WARRANTIES AND CONDITIONS, INCLUDING ANY IMPLIED WARRANTIES, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT, AS WELL AS ANY WARRANTIES THAT THE APP OR THAT THE OPERATION OF THE APP WILL BE INTERRUPTION OR ERROR FREE. LIMITATIONS OF LIABILITY NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, Loft47, IT’S VENDORS, CLIENTS, AGENTS AND LICENSORS, SHALL NOT, UNDER ANY CIRCUMSTANCES, BE LIABLE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TO YOU FOR CONSEQUENTIAL, INCIDENTAL, SPECIAL OR EXEMPLARY DAMAGES, EVEN IF Loft47 HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING. EXCEPT AS REQUIRED BY LAW, IN NO EVENT SHALL Loft47’S LIABILITY (WHETHER BASED ON AN ACTION OR CLAIM IN CONTRACT, TORT OR OTHERWISE) TO YOUR, OR ANY THIRD PARTY, IN ANY WAY CONNECTED WITH OR ARISING OUT OF THIS AGREEMENT EXCEED THE FEES ACTUALLY PAID TO Loft47 DURING THE THREE (3) MONTHS PRIOR TO THE EVENT GIVING RISE TO LIABILITY. Loft47 IS NOT LIABLE IN SO FAR AS THE APP IS INCOMPATIBLE WITH YOUR DEVICE.BROAD APPLICATION FOR GREATER CERTAINTY, THE FOREGOING LIMITATIONS SHALL APPLY TO ANY AND ALL LIABILITIES THAT MAY ARISE HEREUNDER, INCLUDING THOSE ON ACCOUNT OF LOSS OR BREACH OF DATA, FAILURE OF THE APP TO FUNCTION FOR ITS INTENDED PURPOSE, FAILURE OF THE APP TO COMMUNICATE WITH PAYMENT PROCESSORS OR OTHER THIRD PARTY APPLICATIONS. Loft47 MAKES NO REPRESENTATIONS AS TO THE ABILITY OF THE APP TO INTEGRATE WITH PAYMENT PROCESSORS. YOUR RETAIN SOLE LIABILITY FOR YOUR AGREMEENTS WITH PAYMENT PROCESSORS AND SHALL, WITHOUT LIMITATION, INDEMNIFY AND HOLD COMPANY HARMLESS FROM AND AGAINST ANY LIABILITIES ARISING ON ACCOUNT THEROF.You shall have sole and exclusive responsibility for the operating system of your Device, its being functional, up to date and secure. We strongly recommend that you use anti-virus software and encrypted wifi network connections where such connections are in use. You agree that you are solely responsible for internet, wifi or other connectivity within your premises.

Force Majeure. Loft47 shall use its commercially reasonable efforts to perform its obligations hereunder, however, Loft47, its affiliates, agents or licensors shall not be liable for any loss resulting from the activities of you, nor from any erroneous statements or errors in transmission, nor for any loss resulting from any delay, interruption or failure to perform hereunder due to any circumstances beyond Loft47’s reasonable control including, without limitation, acts of god, fire, explosion, earthquake, riot, terrorism, war, sabotage, accident, embargo, storms, strikes, lockouts, any interruption, failure or defects in Internet, telephone, or other interconnect services or in electronic or mechanical equipment. Loft47’s obligations hereunder shall be suspended during any of the foregoing circumstances, which suspension shall not be a cause for termination of this agreement by you.

13. Term and Termination

• Term. The term of this Agreement shall begin as of when you first install or log into the App on your Device and shall end thirty (30) days thereafter, after which it shall be automatically renewed for additional and successive thirty (30) day terms until terminated in accordance with the terms hereof.
• Termination. Loft47 may terminate this Agreement without prior notice to you by terminating your access to the App. You may terminate this Agreement on notice to Loft47.
• Suspension. If any information provided by you is found by Loft47 to be inaccurate or false, or your use of the Services or Account places Loft47 under excessive security, financial or reputational risk, Loft47 may immediately suspend or terminate the Services or cause its Vendors to do the same, as the case may be) Modification or Termination of Service. Loft47 reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the App (or any part thereof) with or without notice. You agree that Loft47 shall not be liable to you or to any third party for any modification, suspension or discontinuance of the App. Loft47 shall be under no obligation to continue providing any of the App and may terminate License for you at its sole discretion and without penalty on five (5) days notice through the App or the Site.

14. Subject to General Terms and Conditions of Use of Site

Your use of the App is subject to: (i) the General Terms and Conditions of Use of the Site; and (ii) the Loft47 Account Terms and Conditions of Use, which are incorporated herein by reference.

15. General

• Whole Agreement. References to “this Agreement” include any Fees, schedules, supplementary agreements, addendum, appendices and amendments and any other agreements, schedules appendices and amendments promulgated by Loft47 and furnished to you from time to time. This Agreement replaces any earlier versions hereof appearing on the Site or otherwise.
• Governing Law and Choice of Forum. To the extent permitted by law, this Agreement shall be deemed to have been formed in the Province of British Columbia, Canada. This Agreement shall be deemed to be governed and enforced in accordance with the laws of the Province of British Columbia whose courts, in Vancouver, shall have exclusive jurisdiction over disputes arising hereunder.
• Severability. If any provision of this Agreement is held invalid or unenforceable by any court of final jurisdiction, it is the intent of the parties that all other provisions of this Agreement be construed to remain fully valid, enforceable and binding on the parties.
• Remedies. All remedies of either party hereunder are cumulative and may be exercised concurrently or separately. The exercise of any one remedy shall not be deemed to be an election of such remedy and shall not preclude the exercise of any other remedy. No failure on the part of either party to exercise and no delay in exercising any right or remedy hereunder shall operate as a waiver of such right or remedy.
• Enforcement. You shall be liable for and shall indemnify and reimburse Loft47 for any and all reasonable attorneys’ fees and other costs and expenses paid or incurred by Loft47 in the enforcement of this Agreement, or in collecting any amounts due from you hereunder, or resulting from any breach of any of the terms or conditions of this Agreement.
• Successors. This Agreement and the provisions hereof shall ensure to the benefit of and be binding upon the Parties and their respective successors and permitted assigns.
• Assignment. None of you or any of your successors may assign this Agreement, or any rights hereunder, directly or by operation of law, without the prior written consent of Loft47 which consent may be withheld for any reason, at Loft47’s sole discretion. Loft47 may assign its rights and obligations under this Agreement to a third party on notice to you through the Account.
• Amendments to this Agreement. From time to time Loft47 will post amendments or revisions to this Agreement, including, without limitation, amendments to Fees, on the Site accessible through the App. If the amendment or revision is required in order to Loft47 and the App to remain in compliance with applicable laws or payment network regulations, then the amendment or revision shall take effect as of when it is posted to the Account. If, on the other hand, the amendment or revision is not required under law or by a payment processor of Loft47, and you does not close its Account within thirty (30) days of notice through the Site or the App of the amendment or revision, then you shall be deemed to have accepted the amendment or revision. Other than as provided in this section, this Agreement may not be amended except by express consent of both parties through the Account.
• Independent Contractor. Neither party has any right to create any obligations on the part of the other party, without the other’s prior written consent. Nothing in this Agreement or the course of dealing of the parties shall be construed to constitute the parties hereto as partners, joint ventures or as agents or employees of one another or as authorizing either party to obligate the other in any manner. You shall not:
  • bind Loft47 to any contract or agreement,
  • incur any obligation on behalf of Loft47,
  • release, assign or transfer any agreement, claim, security or any other asset of Loft47,
  • borrow or lend any money in the name of Loft47, or
  • submit to any claim or liability related to the Services, allow judgment to be taken or confessed against Loft47. You, being an independent contractor, shall not receive as compensation, or be reimbursed, for any of the following:
    • work materials that you may use in performing hereunder,
    • business facilities, telephone, automobile or any other equipment,
    • any employee benefit,
    • reimbursement for any other cost or expense incurred by you in its promotion of the Services hereunder.
• Notices. Any notice, demand, request or other communication required or permitted to be given under this Agreement shall be in writing and delivered personally, or sent by prepaid registered mail, return receipt requested (i) to Loft47 at the postal address provided therefore on the Site; to you at the address provided therefore on Account opening; or to such other address as either party may have previously indicated to the other in writing in accordance with the foregoing. Any such notice, request, demand or communication shall be deemed to have been received on the day it was delivered personally, on the fifth (5th) day following mailing, unless there is a disruption of any kind of postal service.

SUPPORT POLICY

At Loft47, we are here to help you and your team. We have in-app support, where the average response time to your query is less than 10 minutes.

During on boarding, and for the first 3 months of working with us, you’ll have unlimited access to the team for training and support questions. We usually see a dramatic drop in requests after the first month.

Excessive use of non-technical support will result in additional monthly premium support fees. If you or a member of the team are requiring additional support or training, please feel free to retake our onboarding course at Thinkific or reach out to support to request one on one training, which is available at $75 USD/hour. Additionally, you can also utilize our KnowledgeBase and/or Help Videos.

SERVICES POLICY - LET LOFT DO IT

Thank you for the opportunity to assist you with deal processing. The purpose of this terms of service is to set out the terms, nature and scope of the services to be provided by Loft Technologies Inc. and will be referred to as the “Agreement”. The bundle of work we will perform for you will be referred to as the “engagement”. Your company will be referred to by name or as “you”, “your company” or “Client”. Loft Technologies Inc. will be referred to by name or as “us” or “we”.

Purpose, Scope and Output of the Engagement

Loft Technologies Inc. will provide professional services at your request. The details of the services provided are detailed here:

Terms - for Let Loft Do it.

Period of Engagement

This Agreement starts on receipt of payment for deal processing and is valid until the transaction is posted to the accounting system and Agent payments are released. We will not deal with previous transactions unless you specifically ask us to do so and we agree.

Extra Fees and Expenses

While a fixed price entitles you to unlimited communication, if your question or issue requires additional research, analysis, or complexities beyond the services agreed in this Agreement, any additional work will be discussed with you before the commencement of such additional work. We will issue a Change of Service Request amending this Agreement for changes involving additional services, and will ask you to sign the new agreement before we commence the new work. An hourly rate, as identified below, will be applied for the time required to complete the unanticipated services.

Transaction coordinator – $100.00 / hour
Sr. Manager – $160.00 / hour
Partner – $250.00 / hour

If an unanticipated need arises, this additional work will be performed only after arriving at a mutually agreed-upon, and signed, Change of Service Request. Setup Charges of $100 will be waived when services commence. However, if Setup of LLDI & workflow has been completed and you decide not to use the the service, you will be charged the setup fee.

Additional Fees

In addition to the circumstances described above, depending on the engagement, there are several reasons why fees might be higher than estimated. Increased fees can be incurred where:

• Loft Technologies Inc. does not receive required information on a timely basis
• Loft Technologies Inc. receives information that requires extensive modification, is incomplete, or is later changed

Termination

Either Party may terminate this Agreement prior to the completion of the services, if they provide the other Party with written notice. If this Agreement is terminated prior to completion of the services and the services have been partially performed, you will pay for services performed up to and including the date of termination.

Ownership of Documents

All original documents obtained from the client arising from the engagement will remain the property of the client. However, we reserve the right to make a reasonable number of copies of the original documents for our records.

Client Obligations

Loft Technologies Inc. will always stand behind the quality and professional nature of the services that we offer. If at any point you are not completely satisfied with the services we have performed, we encourage you to bring this to our attention immediately. We’d love the opportunity to address your concerns to prevent similar problems from happening in the future.

Billing

Our fees and costs will be billed at the time and are payable upon receipt. Invoices unpaid 30 days past the billing date may be deemed delinquent and are subject to an interest charge of 2% per month. We reserve the right to suspend our services or to withdraw from this engagement in the event that any of our invoices are deemed delinquent. If any collection action is required to collect unpaid balances due to us, you agree to reimburse us for our costs of collection, including lawyers’ fees.

In this Agreement, all monetary amounts are in US dollars.

Refunds

We do offer refunds but there will be a fee charged in association to refunded Let Loft Do It deals no longer managed by us.

Confidentiality and Personal Information

Confidentiality

One of the underlying principles of the profession is a duty of confidentiality with respect to client affairs. Each professional employee must preserve the secrecy of all confidential information that becomes known during the execution of work. Accordingly, we will not provide any third party with confidential information concerning the affairs of your company unless:

• We have been specifically authorized with prior consent;
• We have been ordered or expressly authorized by law or by the Code of Professional Conduct/Code of Ethics; or
• The information requested is (or enters into) public domain.

Personal Information

Loft Technologies Inc.  may have access to personal information in your custody that we require to complete our obligations under this Agreement. Our services are provided on the basis that

• You represent to us that you have obtained any required consents for collection, use and disclosure to us of personal information required under applicable privacy legislation; and
• We will hold all personal information in compliance with our firm’s Privacy Statement.

Legal Procedures

Costs of Responding to Government or Legal Processes

Fintech (financial technology) has rapidly transformed the way businesses and consumers interact with money, financial services, and If we are required to respond to a subpoena, court order, government agency or other legal process for the production of documents and/or testimony relative to information we obtained and/or prepared during the course of this engagement, You will compensate us, at our normal hourly rates, for the time we expend in connection with such response and to reimburse us for all of our out-of-pocket costs (including applicable sales tax) incurred.

Dispute Resolution

• Any dispute that may arise regarding the meaning, performance or enforcement of this engagement will, prior to resorting to litigation, be submitted to mediation; and
• You will engage in the mediation process in good faith once a written request to mediate has been given by any party to the Agreement.

Any mediation arising out of this Agreement will be administered by a qualified mediation organization, according to its mediation rules, and any ensuing litigation will be conducted within such jurisdiction, according to law. The results of any such mediation will be binding only upon agreement of each party to be bound. The costs of any mediation proceeding will be shared equally by the participating parties.

Indemnity

You will indemnify, defend (by counsel retained and instructed by us) and hold harmless our firm (and its partners, agents or employees) from and against any and all losses, costs (including solicitors’ fees), damages, expenses, claims, demands or liabilities arising out of (or in consequence of):

• The breach by your company, or its directors, officers, agents or employees, of this Agreement, including, without restricting the generality of the foregoing, the misuse of, or the unauthorized dissemination of, our engagement report or the financial statements in reference to which the engagement report is issued, or any other work product made available to you by our firm.
• The services performed by us pursuant to this Agreement, unless, and to the extent that, such losses, costs, damages and expenses are found by a court of competent jurisdiction to have been due to the negligence of our firm. If the matter is settled out of court, we will mutually agree on the extent of the indemnification to be provided by your company.

Loft Technologies Inc. is not liable for failures or delays in performance that arise from causes beyond our control, including the untimely performance by your company of its obligations.

General Conditions

We are acting as an independent contractor and not as an employee. This Agreement does not create a partnership or joint venture between the parties.

The Parties agree to do everything necessary to ensure that the terms of this Agreement are carried out.

It is agreed that there is no representation, warranty, collateral agreement or condition affecting this Agreement except as expressly provided in this Agreement.

Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Agreement.

Singular words mean and include the plural and vice versa. Masculine words mean and include the feminine and vice versa.

This Agreement will be governed by and construed in accordance with the laws of the Province of British Columbia.

If any of the provisions of this Agreement are invalid or unenforceable in whole or in part, all other provisions will continue to be valid and enforceable with the invalid or unenforceable parts severed from the remainder of this Agreement.

A Party’s waiver in relation to a breach, default, delay or omission of any of the provisions of this Agreement by the other Party, will not constitute a waiver of any subsequent breach of the same or other provisions.

This agreement is agreed to electronically, in any number of counterparts, each of which is an original, and all of which taken together constitute one single document.

Confirmation of Terms

This Agreement contains the terms that will govern the engagement for which it has been prepared. The terms of this Agreement supersede any oral or written representations or commitments by or between the parties. Any material changes or additions to the terms of this engagement will only be binding if they are contained in a written amendment to this Agreement, signed by you and Loft Technologies Inc. .

Digitally agree below to indicate that it is in accordance with your understanding of the arrangements. This letter will be effective for future years and may be updated from time to time.

Contacting Loft47

If you have any questions concerning this Agreement, please contact Loft47 through  or other contact information set out on the Site. © 2019 Loft47, a division of Loft47 Technologies Inc. All rights reserved.