YOUR ORDER OF, USE OF, AND ACCESS TO, THE PRODUCTS, PRODUCT SITES AND CONTENT ARE SUBJECT TO ALL TERMS AND CONDITIONS CONTAINED HEREIN AND ALL APPLICABLE LAWS AND REGULATIONS. PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. YOUR ORDER OF, ACCEPTANCE OF, USE OF, AND/OR ACCESS TO, THE PRODUCTS, PRODUCT SITES AND/OR CONTENT CONSTITUTES YOUR AGREEMENT TO ABIDE BY EACH OF THE TERMS AND CONDITIONS SET FORTH HEREIN. IF YOU DO NOT AGREE WITH ANY OF THESE TERMS OR CONDITIONS, DO NOT ORDER, USE OR ACCESS ANY PRODUCT, PRODUCT SITES OR CONTENT, OR ANY OF THE INFORMATION WITHIN THE PRODUCT, PRODUCT SITES, OR CONTENT, AND CONTACT CUSTOMER SUPPORT TO CANCEL YOUR MEMBERSHIP.
HOW TO ACCEPT THIS AGREEMENT
You accept this agreement by:
Agreeing in writing through accepting this Agreement in the Site, via e-mail or otherwise by executing this Agreement or activating the Services.
When you accept, you are representing that you are at least 18 years old and are legally able to enter into a contract. If you're accepting for an organization, you are representing that you are authorized to bind that organization, and where the context requires, 'you' means the organization. By accepting, you are agreeing to every provision of this Agreement whether or not you have read it.
Once you have accepted this Agreement, we will process your acceptance as an offer to receive Service. We will then review the offer, including without limitation assessing your identity and authenticity. Once we are ready to offer Service for you, we will inform you that your Service has commenced, constituting our acceptance of your offer.
If we feel unable, or if at our sole discretion, we decide not to provide you with Service, we will inform you of this by email and we will not process your order. If you have already paid for the Services, we will refund you the full amount paid to us as soon as possible in the same method of payment used in the attempted purchase of Services.
1.1 CAPITAL: The minimum investment package amount is USD20.00 and above.
2.1 INTEREST: The interest percentage ratio depends on the package you want to buy:
3 Months Investment Package: 4% monthly interest (Total 16%)
6 Months Investment Package: 5% monthly interest (Total 30%)
12 Months Investment Package: 6% monthly interest (Total 72%)
24 Months Investment Package: 7% monthly interest (Total 168%)
36 Months Investment Package: 8% monthly interest (Total 288%)
The interest will be paid automatically into your CofredCapital account on the first day of every month. This means, if you invest in between the previous month, the system will calculate your interest base on the number of days in that month and multiply it with the number of days left from the time you invested. Examples! Let's say you bought a 12 months investment package of USD10,000.0 on 20th September 2018 with a monthly interest of USD800.00 which means each day you earning 800 / 30 = USD26.67! The system will then multiply the remaining days for that month which is 10 days x 26.67 and credit your account accordingly
3.1 SECURITY: The funds that we collect from the investment program are used to fund and expand our OTHER SERVICES which generates the profit we use to service the program. We have been operating for over 5 years as a payment solution system and above-all, we are bonded by laws of the Federal Republic of Nigeria for the total security of the funds you invest with us as a registered financial institution as COFRED ONLINE INT'L LIMITED (REG: RC1418780) which office is located at Suite 17, Block B Alausa Shopping Mall, 131 Obafemi Awolowo Way, Ikeja, Lagos State, Nigeria.
4.1 EXPIRATION: The system has been the program to automatically return your investment capital back into your CofredCapital account on the last month after the expiration date of the investment package. (This means if you purchase a three months investment package on 25th September 2018, your capital will be return back to your Cofred account on 1st January 2019 along with the interest for that month! This also means you can buy as many packages as you like).
CHANGES TO THIS AGREEMENT
a. changes in how we accept payment from you;
b. changes in how we interact or communicate with you;
c. changes in any relevant Law;
d. changes in the financial viability (to be decided at our sole discretion) of the Service;
e. occurrence of an Event Outside Our Control;
f. and changes in Law applicable to the Service.
5.2. Notice of Changes. We will notify you of any Changes in one of the following ways, in our sole discretion: (a) sending an email; or (b) providing notice when you log in to your Account or otherwise use our Services. Notice of any Changes will be considered to have been given to and received by you on the same day after such notice was provided or made available to you.
5.3. Your Consent. Your continued use of our Services or your purchase of any additional Service after the effective date of any Changes will constitute your acceptance of any such Changes. As part of any Changes, you may be required to affirmatively accept a revised Agreement in order to continue using our Services.
5.4. Application of Changes. Unless otherwise provided by this Agreement or applicable Law, Changes will only apply after their effective dates and will not apply retroactively.
5.5. Changes Made for Legal Reasons. Changes made for legal reasons, including but not limited to Changes to comply with any relevant Laws, will be effective immediately. We will contact you as soon as reasonably possible to notify you of such Changes.
6.1 TERMINATION: If you which to terminate your investment before the end of the investment package period we will charge you the total interest percentage for the investment package you have initially purchased and we will need within 5 - 7 business days to complete the reversal/termination. (This means in this case if the user had purchased an investment package of USD500.00 for 3 months and decides to request for cancellation or termination before the end of the investment package period, we charge 18% of the USD500.00).
HOW DO I RESOLVE DISPUTES ABOUT THE SERVICES?
7.1. General. YOU AND WE AGREE TO RESOLVE DISPUTES ARISING UNDER, CONCERNING, OR RELATING TO THIS AGREEMENT (INCLUDING ANY SERVICES), ITS INTERPRETATION, ITS VALIDITY (INCLUDING ANY CLAIM THAT ALL OR ANY PART OF THIS AGREEMENT IS VOID OR VOIDABLE), ITS TERMINATION, OR ITS SUBJECT MATTER, THE MARKETING OR PURCHASE OF THE SERVICE OR ANY USE OR INABILITY TO USE THE SERVICE, WHETHER THEY ARE WITH US OR ANY OF OUR SUPPLIERS (TO THE EXTENT NOT WAIVED, AS SET FORTH ABOVE) ONLY BY MANDATORY, FINAL, BINDING ARBITRATION. THAT MEANS YOU ARE WAIVING THE RIGHT TO A TRIAL BY JUDGE OR JURY, SINCE THERE IS NONE IN ARBITRATION. IN ARBITRATION, THE PROCEDURES MAY BE DIFFERENT THAN IN COURT, BUT AN ARBITRATOR CAN AWARD YOU THE SAME DAMAGES AND RELIEF, AND MUST HONOR THE SAME TERMS IN THIS AGREEMENT, AS A COURT WOULD. YOU AGREE THAT IN SOME CASES, THE LAW PERMITS THE PREVAILING PARTY TO BE REIMBURSED FOR ITS ATTORNEYS FEES, AND THE SAME APPLIES TO DISPUTES THAT YOU RAISE IN ARBITRATION.
7.2. Arbitration of Disputes. Any controversy, claim, or dispute (ìDisputeî) arising under, concerning, or relating to this Agreement (including any Services), its interpretation, its validity (including any claim that all or any part of this Agreement is void or voidable), its termination, or its subject matter, the marketing or purchase of the Service or any use or inability to use the Service, whether the Dispute is with us or any or any Supplier (to the extent not waived, as set forth above), whether the Dispute is for breach of contract, tort, or any other matter can only be resolved or adjudicated only by mandatory, final, binding arbitration.
7.3. Raising a Dispute. To raise a Dispute, you must give us notice of the Dispute by sending an e-mail to email@example.com with the words ìRAISING A DISPUTEî in the subject line), along with a written description of your Dispute, including any documents and information that you believe will help us understand your Dispute, and your requested resolution. In order to discuss the Dispute with you, you permit us (or the Disputed party) to contact you by phone, text message, email or physical mail through any and all addresses or phone numbers that you have provided. You must send us notice of any Dispute within 30 days of your discovering the act or omission that gave rise to your Dispute. If you do not so notify us, then you lose your right to raise the Dispute.
7.4. Resolution Offer. Within the first 30 days of your submitting your Dispute, we will have the right, but no obligation, to provide you with a proposed resolution of the Dispute (the ìOfferî). If you are unsatisfied with the Offer, you must reject the Offer by notice to us within 14 days of the Offer. If you do not reject the Offer within at 14-day period, you will be deemed to have accepted it and forfeit your right to raise the Dispute. If we do not make the Offer within 30 days of your submitting your Dispute or if you reject an Offer as set forth above, either you or we may commence arbitration of the Dispute as set forth below.
7.5. Place and Language. The arbitration proceeding shall be conducted in the English language, in the Federal Republic of Nigeria. We shall choose the arbitration service to be used for the Dispute.
7.6. Award. Any award of the arbitrator shall be in writing and shall state the reasons for the award. Judgment upon an award may be entered in any court having competent jurisdiction. The decision of the arbitrator must be based upon this Agreement and applicable Law. The decision of the arbitrator is final and binding except for fraud, misconduct, or errors of law, and judgment upon the decision rendered may be entered in any court having jurisdiction.
7.7. Waiver of Rights
IT IS IMPORTANT THAT YOU READ THIS ARBITRATION CLAUSE. IT PROVIDES THAT YOU MAY BE REQUIRED TO SETTLE ANY CLAIM OR DISPUTE THROUGH ARBITRATION, EVEN IF YOU WOULD PREFER TO LITIGATE THE CLAIM IN COURT. YOU ARE GIVING UP THE RIGHTS YOU MIGHT HAVE TO LITIGATE SUCH CLAIMS BEFORE A JURY, TO ENGAGE IN DISCOVERY, AND TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. OTHER RIGHTS THAT YOU WOULD HAVE IF YOU WENT TO COURT, SUCH AS THE RIGHT TO APPEAL THE ARBITRATOR'S AWARD, MAY NOT BE AVAILABLE IN ARBITRATION OR MAY BE MORE LIMITED. YOU SHOULD CONSULT LEGAL COUNSEL TO DETERstake WHETHER THIS ARBITRATION CLAUSE IS APPROPRIATE FOR YOU.
YOU UNDERSTAND AND AGREE THAT ANY DISPUTE WILL BE RESOLVED BY BINDING ARBITRATION. ARBITRATION REPLACES THE RIGHT TO GO TO COURT, INCLUDING THE RIGHT TO HAVE A JURY, TO ENGAGE IN DISCOVERY (EXCEPT AS MAY BE PROVIDED IN THE ARBITRATION RULES), AND TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING. IN ARBITRATION, A DISPUTE IS RESOLVED BY AN ARBITRATOR INSTEAD OF A JUDGE OR JURY. ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN COURT PROCEDURES. YOU ALSO AGREE ANY ARBITRATION WILL BE LIMITED TO THE DISPUTE BETWEEN YOU AND THE COMPANY AND WILL NOT BE PART OF A CLASS-WIDE OR CONSOLIDATED ARBITRATION PROCEEDING.
7.8. NO CLASS ACTIONS. EVEN IF APPLICABLE LAW, OR THE ARBITRATOR OTHERWISE PERMITS CLASS ACTIONS OR CLASS ARBITRATIONS, THE DISPUTE RESOLUTION PROCEDURE SPECIFIED HERE APPLIES AND YOU WAIVE ANY RIGHT TO PURSUE DISPUTES ON A CLASSWIDE BASIS ñ THAT IS ñ TO EITHER JOIN A CLAIM WITH THE CLAIM OF ANY OTHER PERSON OR ENTITY, OR ASSERT A CLAIM IN A REPRESENTATIVE CAPACITY ON BEHALF OF ANYONE ELSE IN ANY LAWSUIT, ARBITRATION OR OTHER PROCEEDING.
OTHER IMPORTANT TERMS
8.1. Governing Law. Nigerian law will govern any disputes relating to the Service or these Terms, notwithstanding the Nigerian conflicts of laws rules or any other jurisdiction.
8.2. Entire Agreement. This Agreement (including any Services) constitutes the entire agreement between you and us. You acknowledge that you have not relied on any statement, promise or representation made or given by or on behalf of us which is not set out in this Agreement.
8.3. Our Assignment. We may transfer or assign our rights and obligations under this Agreement or a Service to another entity, but this will not affect your rights or our obligations under this Agreement or the terms of the Service. We will endeavor to notify you in writing if this happens.
8.4. Your Assignment. A Service is between you and us, and you may not assign, transfer, sublease, encumber or subject to any security interest a Service without written authorization from us. Any attempted assignment in violation of this Agreement will be void and of no effect.
8.5. Third Party Beneficiaries. No other person, other than you, shall have any rights to enforce this Agreement or a Service, whether under the Contracts or otherwise.
8.6. Severability. If any provision of this Agreement is held to be invalid or unenforceable, including without limitation anything regarding the arbitration process, such provision will be struck from this Agreement only to the extent it is invalid or unenforceable. Unless otherwise provided, all other terms of this Agreement will remain in full force and effect.
8.7. Waiver. If we fail to insist that you perform any of your obligations under this Agreement, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you and will not mean that you do not have to comply with those obligations. If we do waive a default by you, we will only do so in writing, and that will not mean that we will automatically waive any later default by you.
8.8. Conflict. If there is a conflict between this Agreement and something stated by any Other Entity, whether before or after you enter into this Agreement, the terms of this Agreement will prevail.
8.9. Survival. Any terms of this Agreement which by their nature should survive will survive the termination of this Agreement.