These terms and conditions (the “Agreement”) set out the general terms and conditions of your use of the Hefth.sa website (the “Website”) and any of its related products and services (collectively, the “Services”). This Agreement is legally binding between you (the “User”, “you” or “your”) and Exit Finance, the owner and operator of the Hefth website (doing business as “Exit”, “we”, “us” or “our”). If you enter into this Agreement on behalf of a company or other legal entity, you represent that you have the authority to bind that entity to this Agreement and must provide proof of it when needed, in which case the terms “User”, “you” or “your” refer to that entity. If you do not have such authority, or if you do not agree with the terms of this Agreement, you must not accept this Agreement and may not access or use the Services. By accessing and using the Services, you acknowledge that you have read, understood and agree to be bound by the terms of this Agreement. You acknowledge that this Agreement is a contract between you and Exit Finance, even though it is electronic and not physically signed by you, and that it governs your use of the Services.
Accounts and membership
You must be at least 18 years old to use the Services. By using the Services and agreeing to this Agreement, you confirm and represent that you are at least 18 years old. If you create a membership account for the Hefth platform's services, you are responsible for keeping your account secure, and you are fully responsible for all activities that take place under the account and any other actions taken in connection with it. We may monitor and review new accounts before you can sign in and start using the Services. You acknowledge that you know angel investing is high-risk, that you alone are responsible for assessing and conducting due diligence on opportunities, and that you have the mental and legal capacity to decide whether or not to invest through the platform. Providing false contact information of any kind may result in the termination of your account. You must notify us immediately of any unauthorized use of your account or any other security breaches. We will not be liable for any acts or omissions by you, including any damages of any kind incurred as a result of such acts or omissions. We may suspend, disable or delete your account (or any part of it) if we learn that you have breached any provision of this Agreement or that your conduct or content may tend to harm our reputation and goodwill. If we delete your account for the reasons above, you may not re-register for our Services. We may block your email address and internet protocol address to prevent further registration, and we reserve the right to report such acts or violations to the relevant government authorities and to take legal action against you if necessary.
User content
We do not own any data, information or material (collectively, “Content”) that you submit in the Services while using them. You alone are responsible for the accuracy, quality, integrity, legality, reliability, appropriateness, and intellectual property ownership of, or right to use, all submitted Content. We may monitor and review the Content in the Services that you submit or create using our Services. You grant us permission to access, copy, distribute, store, transmit, reformat, display and perform the Content of your user account solely as required to provide the Services to you. Without limiting any of those representations or warranties, we have the right, though not the obligation, to refuse or remove, at our sole discretion, any Content that in our reasonable opinion violates any of our policies or is in any way harmful or objectionable. You also grant us a license to use, reproduce, adapt, modify, publish or distribute the Content created by you or stored in your user account for commercial, marketing or any similar purpose.
Backups
We are not responsible for the Content residing in your account. In no event shall we be held liable for any loss of any Content. It is your sole responsibility to maintain an appropriate backup of your Content. Notwithstanding the above, on some occasions and in certain circumstances, with absolutely no obligation, we may be able to restore some or all of your data that has been deleted as of a certain date and time when we may have backed up data for our own purposes. We make no guarantee that the data you need will be available.
Links to other resources
Although the Services may link to other resources (such as websites, mobile applications, etc.), we do not, directly or indirectly, imply any approval, association, sponsorship, endorsement or affiliation with any linked resource, unless specifically stated herein. We are not responsible for examining or evaluating, and we do not warrant, the offerings of any businesses or individuals or the content of their resources. We do not assume any responsibility or liability for the actions, products, services and content of any third parties. You should carefully review the legal statements and other conditions of use of any third party that you access through a link in the Services. Your linking to any other off-site resources is at your own risk.
Prohibited uses
In addition to the other terms set out in the Agreement, you are prohibited from using the Services or Content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any local, international, regional or Saudi regulations, rules, laws or standards; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Services, third-party products and services, or the internet; (h) to spam, phish, pharm, pretext, spider, crawl or scrape; (i) for any obscene or immoral purpose; or (j) to interfere with or circumvent the security features of the Services, third-party products and services, or the internet. We reserve the right to terminate your use of the Services for violating any of the prohibited uses.
Intellectual property rights
“Intellectual property rights” means all present and future rights conferred by law or common law or equitable rights in or in relation to any copyright and related rights, trademarks, designs, patents, inventions, goodwill and the right to sue for passing off, rights to inventions, rights to use, and all other intellectual property rights, in each case whether registered or unregistered, and including all applications and rights to apply for and be granted, rights to claim priority from, such rights and all similar or equivalent rights or forms of protection, and any other results of intellectual activity which subsist or will subsist now or in the future in any part of the world. This Agreement does not transfer to you any intellectual property owned by Exit Finance or third parties, and all rights, titles and interests in and to such property will remain (as between the parties) solely with Exit Finance. All trademarks, service marks, graphics and logos used in connection with the Services are trademarks or registered trademarks of Exit Finance or its licensors. Other trademarks, service marks, graphics and logos used in connection with the Services may be the trademarks of other third parties. Your use of the Services grants you no right or license to reproduce or otherwise use any of Exit Finance's or third-party trademarks.
Limitation of liability
To the fullest extent permitted by applicable law in the Kingdom of Saudi Arabia, in no event shall Exit Finance, its affiliates, directors, officers, employees, agents, suppliers or licensors be liable to any person for any indirect, incidental, special, punitive, cover or consequential damages (including, without limitation, damages for lost profits, revenue, sales, goodwill, use of content, impact on business, business interruption, loss of investments, or loss of business or commercial opportunity) however caused, under any theory of liability, including, without limitation, contract, tort, warranty, breach of statutory duty, negligence or otherwise, even if the liable party has been advised as to the possibility of such damages or could have foreseen them. To the maximum extent permitted by applicable law, the aggregate liability of Exit Finance and its affiliates, officers, employees, agents, suppliers and licensors relating to the Services will be limited to an amount no greater than one riyal or any amounts actually paid in cash by you to Exit Finance for the membership period of the month prior to the first event or occurrence giving rise to such liability. The limitations and exclusions also apply if this remedy does not fully compensate you for any losses or fails of its essential purpose.
Indemnification
You agree to indemnify and hold Exit Finance and its affiliates, directors, officers, employees, agents, suppliers and licensors harmless from and against any liabilities, losses, damages or costs, including reasonable attorneys' fees, incurred in connection with or arising from any third-party allegations, claims, actions, disputes or demands asserted against any of them as a result of or relating to your Content, your use of the Services, or any willful misconduct on your part.
Severability
All rights and restrictions contained in this Agreement may be exercised and shall be applicable and binding only to the extent that they do not violate any applicable laws, and are intended to be limited to the extent necessary so that they will not render this Agreement illegal, invalid or unenforceable. If any provision or portion of any provision of this Agreement is held to be illegal, invalid or unenforceable by a court of competent jurisdiction, it is the intention of the parties that the remaining provisions or portions thereof constitute their agreement with respect to the subject matter hereof, and all such remaining provisions or portions thereof shall remain in full force and effect.
Dispute resolution
The formation, interpretation and performance of this Agreement and any disputes arising out of it shall be governed by the substantive and procedural laws of the Kingdom of Saudi Arabia without regard to its rules on conflicts or choice of law and, to the extent applicable, the laws of the Kingdom of Saudi Arabia. The exclusive jurisdiction and venue for actions related to dispute resolution shall be the courts located in the Kingdom of Saudi Arabia, and you hereby submit to the personal jurisdiction of such courts. You hereby waive any right to a trial before other courts in any proceeding arising out of or related to this Agreement.
Changes and amendments
We reserve the right to modify this Agreement or its terms relating to the Services at any time at our discretion. When we do, we will revise the updated date at the bottom of this page, post a notification within the Services, and send you an email to let you know. We may also provide notice to you in other ways at our discretion, such as through the contact information you have provided.
An updated version of this Agreement will be effective immediately upon the posting of the revised Agreement unless otherwise specified. Your continued use of the Services after the effective date of the revised Agreement (or such other act specified at that time) will constitute your consent to those changes.
Acceptance of these terms
You acknowledge that you have read this Agreement and agree to all its terms and conditions. By accessing the Services by subscribing or using them, you agree to be bound by this Agreement. If you do not agree to abide by the terms of this Agreement, you are not authorized to access or use the Services.
Contact us
If you have any questions, concerns or complaints regarding this Agreement, you can contact us using the details below:
Acceptable use policy
This acceptable use policy (the “Policy”) sets out the general guidelines and the acceptable and prohibited uses of the Hefth.sa website (the “Website”) and any of its related products and services (collectively, the “Services”). This Policy is a legally binding agreement between you (the “User”, “you” or “your”) and Exit Finance (“Exit”, “we”, “us” or “our”). If you enter into this Policy on behalf of a company or other legal entity, you represent that you have the authority to bind that entity to this Policy, in which case the terms “User”, “you” or “your” refer to that entity. If you do not have such authority, or if you do not agree with the terms of this Policy, you must not accept this Policy and may not access or use the Services. By accessing and using the Services, you acknowledge that you have read, understood and agree to be bound by the terms of this Policy. You acknowledge that this Policy is a contract between you and Exit, even though it is electronic and not physically signed by you, and that it governs your use of the Services.
Prohibited activities and uses
You may not use the Services to publish content or engage in activity that is unlawful under the applicable laws of the Kingdom of Saudi Arabia, that harms others, or that could subject us to liability, including, without limitation, in connection with any of the following, each of which is prohibited under this Policy:
- Distributing malware or other malicious code.
- Disclosing sensitive personal information about others.
- Collecting, or attempting to collect, personal information about third parties without their knowledge or consent.
- Distributing pornography or adult-related content.
- Promoting or facilitating prostitution or any escort services.
- Hosting, distributing or linking to child sexual abuse material or content that is harmful to minors.
- Promoting or facilitating gambling, violence, terrorist activities or the sale of weapons or ammunition.
- Engaging in the unlawful distribution of controlled substances, contraband drugs or prescription medications.
- Managing payment aggregators or facilitators, such as processing payments on behalf of other businesses or charities.
- Facilitating pyramid schemes or other models intended to seek payments from public or private actors.
- Threatening harm to persons or property, or otherwise harassing behavior.
- Manually or automatically testing credit cards or other available payment methods using bots or scripts.
- Purchasing any of the offered Services on someone else's behalf.
- Misrepresenting or fraudulently offering products or services.
- Infringing the intellectual property or other proprietary rights of others.
- Facilitating, assisting or encouraging any of the above activities through the Services.
System abuse
Any user who violates the platform's security is subject to criminal and civil liability, as well as immediate account termination. Examples include, without limitation, the following:
- Using or distributing tools designed to compromise the platform's security.
- Intentionally or negligently transmitting files containing a computer virus or corrupted data.
- Accessing another network without permission, including probing for vulnerabilities or breaching security or authentication measures.
- Unauthorized scanning or monitoring of data on any network or system without proper authorization from the owner of the system or network.
Service resources
You may not consume excessive platform resources or use the Services in any way that causes performance problems or service interruptions for other users. Prohibited activities that contribute to excessive use include, without limitation:
- Deliberate attempts to overload servers, and cyberattacks (i.e., denial-of-service attacks).
- Engaging in any other activities that degrade the usability and performance of the platform.
No-spam policy
You may not use the Services to send spam or bulk unsolicited messages. We maintain a zero-tolerance policy for use of the Services in any manner associated with the transmission, distribution or delivery of any bulk email, including unsolicited commercial email, or sending, assisting or commissioning the transmission of commercial email that does not comply with the regulations of the Saudi Communications, Space & Technology Commission.
Your products or services advertised via SPAM (i.e., Spamvertised) may not be used in conjunction with the Services. This provision includes, without limitation, SPAM sent via fax, phone, postal mail, email, instant messaging or newsgroups.
Defamation and objectionable content
We encourage users to be respectful of the content they post. We are not publishers of user content and are not in a position to investigate the truth of individual defamation claims or to determine whether certain material, which we may find objectionable, should be blocked. However, we reserve the right to moderate, disable or remove any content to prevent harm to others or to us or the Services, as determined at our sole discretion.
Copyrighted content
Copyrighted material may not be published via the Services without the explicit permission of the copyright owner or a person explicitly authorized by the copyright owner to give such permission. Upon receipt of a claim of copyright infringement, or a notice of such infringement, we will immediately run a full investigation. However, we generally require a court order from a competent court, as determined at our sole discretion, to remove the allegedly infringing material from the Services. We may terminate the service of users who repeatedly infringe copyright. Further procedures may be carried out if necessary. We will assume no liability to any user of the Services for the removal of any such material. If you believe your copyright is being infringed by a person or persons using the Services, please contact us to report the copyright infringement.
Security
You take full responsibility for maintaining the security precautions associated with your account. You are responsible for protecting and updating your login information. You must protect the confidentiality of your login details, and you should change your password periodically.
Enforcement
We reserve the right to be the sole arbiter in determining the seriousness of each infringement and to immediately take corrective action, including, without limitation:
- Suspending or terminating your subscription, with or without notice, upon any violation of this Policy. Any violations may also result in the immediate suspension or termination of your account.
- Disabling or removing any content prohibited by this Policy, including to prevent harm to others or to us or the Services, as determined at our sole discretion.
- Reporting violations to law enforcement authorities, as determined at our sole discretion.
- A failure to respond to an email from our abuse team within 2 days, or as otherwise specified in the communication to you, may result in the suspension or termination of your account.
Suspended and terminated user accounts due to violations will not be reactivated.
Nothing contained in this Policy shall be construed to limit our actions or remedies in any way with respect to any of the prohibited activities. We reserve the right to take any additional actions we deem appropriate with respect to such activities, including, without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the platform, and levying cancellation charges to cover our costs. In addition, we reserve at all times all rights and remedies available to us with respect to such activities at law or in equity.
Reporting violations
If you discover a violation of this Policy and want to report it, please contact us immediately. We will investigate the situation and provide you with full assistance.
Changes and amendments
We reserve the right to modify this Policy or its terms relating to the Services at any time at our discretion. When we do, we will revise the updated date at the bottom of this page, post a notification within the Services, and send you an email to let you know. We may also provide notice to you in other ways at our discretion, such as through the contact information you have provided.
An updated version of this Policy will be effective immediately upon the posting of the revised Policy unless otherwise specified. Your continued use of the Services after the effective date of the revised Policy (or such other act specified at that time) will constitute your consent to those changes.
Acceptance of this policy
You acknowledge that you have read this Policy and agree to all its terms and conditions. By accessing or using the Services, you agree to be bound by this Policy. If you do not agree to abide by the terms of this Policy, you are not authorized to access or use the Services.
Contact us
If you have any questions, concerns or complaints regarding this Policy, you can contact us using the details below: