Updated on Oct 29, 2024
1.1 Acceptance
By clicking “Register”, “Join Now”, “Confirm” (or similar) you are agreeing to enter into a legally binding contract with ALX Ventures, even if you are using our Services (described below) on behalf of a company or third person.
If you do not agree to this contract (the “Contract” or “User Agreement”), do not click “Register”, “Join Now”, “Confirm” (or similar) and do not access or otherwise use any of our Services.
If you wish to terminate this Contract at any time, you can do so by emailing [email protected] and closing your account and no longer accessing or using our Services.
1.2 Our Services
This Contract applies to ALX Ventures and any other related or branded sites, apps, communications and other services that are offered through ALX Ventures (the “Services”).
Registered users of our Services are “Clients”, and unregistered users are “Visitors”. This Contract applies to Clients and Visitors.
The Services will be provided by ALX Ventures (also referred to as “we” and/or “us”), a business unit of ALX Foundation, a foundation registered in Mauritius (“ALX”).
Regardless of your residence, you are entering into this Contract with ALX. Using our Services as a Visitor or a Client is subject to our policies, including our Privacy Policy and Code of Conduct (the “Policies”).
1.3 Changes
We may modify this Contract or any of our Policies from time to time. If you object to any changes, you may close your account and cease to use our Services. Your continued use of our Services after we publish or send a notice about our changes to these terms means that you are consenting to the updated terms as of their effective date.
2.1 Service Eligibility
To use the Services, you agree that: (1) you must be the “Minimum Age” (described below) or older; (2) you will only have one account, which must be in your real name; and (3) you are not already restricted by us from using the Services.
Creating an account with false information is a violation of this Contract, including accounts registered on behalf of others or persons under the age of 16.
“Minimum Age” means 16 years old. However, if the law requires that you must be older in order for us to lawfully provide the Services to you without parental consent (including using your personal data) then the Minimum Age is such older age as prescribed by law.
2.2 Your Account
Clients are account holders.
You agree to (1) use a strong password and keep it confidential; (2) not transfer any part of your account (e.g., connections) and (3) comply with the law, the terms of this Contract and the Policies.
You are responsible for anything that happens through your account unless you close it or report misuse or breach.
As between you and others, your account belongs to you. However, if the Services were purchased by another party for you to use (e.g. Founder seat bought by your sponsor), the party paying for such Service has the right to control access to and get reports on your use of the Service; however, they do not have rights to your personal account.
2.3 Payments
If you buy any of our paid Services (“Premium Services”), you agree to pay us the applicable fees and taxes and to additional terms specific to Premium Services.
Failure to pay these fees will result in the termination of your Premium Services.
Also, you agree that:
You will receive our invoice for the Services by email.
2.4 Notifications and Messages
You agree that we will provide notifications and messages to you in the following ways:
(1) within the Services, or (2) sent to the contact information you provided us (e.g., email, mobile number, physical address).
You agree to keep your contact information up to date.
2.5 Sharing
Our Services allow messaging and sharing of information in many ways, such as your profile and messages.
Information and content that you share or post may be seen by other Clients. Where we have made settings available, we will honor the choices you make about who can see content or information.
We are not obligated to publish any information or content on our Service and can remove it with or without notice.
3.1 Corporate Sponsor Rights
ALX Ventures is backed by corporate sponsors who require certain rights in exchange for your participation in the Services (“ALX Corporate Sponsors”). By participating in the Services you grant the ALX Corporate Sponsor(s) the right to invest in any business entity you establish at a 20% discount on shares during up to 3 future funding events, with all other terms matching those offered to other investors (excluding price).
You will execute such documents as requested to confirm this right to the ALX Corporate Sponsor failing which your access to the Services will be terminated as a result of breach.
You must notify ALX Corporate sponsor(s) 15 days before a funding event, and they will confirm their participation within 10 days; if they choose not to invest or do not respond, you may proceed with other investors under the initial terms.
3.2 Your License to Us
Where you submit information and data on the Services, you grant us and our affiliates the non-exclusive worldwide, transferable and sublicensable right to use, copy, modify, distribute, publish and process information and content that you provide through our Services and the services of others, without any further consent, notice and/or compensation to you or others (the “License”).
The License is limited in the following ways:
You agree to only provide content or information that does not violate the law nor anyone’s rights (including intellectual property rights). You also agree that your profile information will be truthful. We may be required by law to remove certain information or content in certain countries.
3.3 Service Availability
We may change, suspend or discontinue any of our Services. We may also modify our prices upon reasonable notice to the extent allowed under the law.
ALX Ventures is not a storage service. You agree that we have no obligation to store, maintain or provide you with a copy of any content or information that you or others provide, except to the extent required by applicable law and as noted in our Privacy Policy.
3.4 Other Content, Sites and Apps
By using the Services, you may encounter content or information that might be inaccurate, incomplete, delayed, misleading, illegal, offensive or otherwise harmful. We generally do not review content provided by our Clients, Visitors or others. You agree that we are not responsible for others’ (including other Clients’) content or information. We cannot always prevent this misuse of our Services, and you agree that we are not responsible for any such misuse.
As a Client, you may receive opportunities or business proposals or other offers from other Clients. You acknowledge that we do not supervise, direct, control or monitor Clients in this regard and agree that (1) we are not responsible for the offering, performance or procurement of these opportunities, business proposals or other offers, (2) we do not endorse any particular opportunities or business proposals or other offers made by any of the Clients, and (3) nothing shall create an employment, agency, or joint venture relationship between us and any Client offering or accepting those opportunities, business proposals or other offers from other Client. If you are a Client offering or accepting any opportunities or business proposals from another Client, you represent and warrant that you are authorized and/or licensed (as applicable) to offer or accept such opportunities or business proposals and to abide at all times by our Code of Conduct.
Similarly, we may help you register for and/or attend events organized by Clients and connect with other Clients who are attendees at such events. You agree that (1) we are not responsible for the conduct of any of the Clients or other attendees at such events, (2) we do not endorse any particular event listed on our Services, (3) we do not review and/or vet any of these events, and (4) that you will adhere to these terms and conditions that apply to such events.
3.5 Limits
We reserve the right to accept or reject your application to ALX Ventures and/or participate in any of our events.
We reserve the right to limit your use of the Services and your ability to contact other Clients.
We reserve the right to restrict, suspend, or terminate your account if you breach this Contract or the law or are misusing the Services (e.g., violating any of our Policies).
4.1 No Warranty
ALX AND ITS AFFILIATES MAKE NO REPRESENTATION OR WARRANTY ABOUT THE SERVICES, INCLUDING ANY REPRESENTATION THAT THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE, AND PROVIDE THE SERVICES (INCLUDING CONTENT AND INFORMATION) ON AN “AS IS” AND “AS AVAILABLE” BASIS.
TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, ALX AND ITS AFFILIATES DISCLAIM ANY IMPLIED OR STATUTORY WARRANTY, INCLUDING ANY IMPLIED WARRANTY OF TITLE, ACCURACY OF DATA, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
4.2 Exclusion of Liability
TO THE FULLEST EXTENT PERMITTED BY LAW (AND UNLESS ALI HAS ENTERED INTO A SEPARATE WRITTEN AGREEMENT THAT OVERRIDES THIS CONTRACT), ALX, INCLUDING ITS AFFILIATES, WILL NOT BE LIABLE IN CONNECTION WITH THIS CONTRACT FOR LOST PROFITS OR LOST BUSINESS OPPORTUNITIES, REPUTATION (E.G., OFFENSIVE OR DEFAMATORY STATEMENTS), LOSS OF DATA (E.G., DOWNTIME OR LOSS, USE OF, OR CHANGES TO, YOUR INFORMATION OR CONTENT) OR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES.
ALX AND ITS AFFILIATES WILL NOT BE LIABLE TO YOU IN CONNECTION WITH THIS CONTRACT FOR ANY AMOUNT THAT EXCEEDS (A) THE TOTAL FEES PAID OR PAYABLE BY YOU TO LINKEDIN FOR THE SERVICES DURING THE TERM OF THIS CONTRACT, IF ANY, OR (B) USD $1,000.
4.3 Exclusions
The limitations of liability in this Section 4 are part of the basis of the bargain between you and ALX and shall apply to all claims of liability (e.g., warranty, tort, negligence, contract and law) even if ALX or its affiliates have been told of the possibility of any such damage, and even if these remedies fail their essential purpose.
These limitations of liability do not apply to liability for death or personal injury or for fraud, gross negligence or intentional misconduct, or in cases of negligence where a material obligation has been breached, a material obligation being such which forms a prerequisite to our delivery of services and on which you may reasonably rely, but only to the extent that the damages were directly caused by the breach and were foreseeable upon conclusion of this Contract and to the extent that they are typical in the context of this Contract.
You or we can terminate this Contract at any time with notice to the other. On termination, you lose the right to access or use the Services.
The following terms will survive termination:
You can email [email protected] with your full account details in order to close your account.
You and ALX agree to treat all non-public information, data, trade secrets, proprietary technology, and any other information disclosed or obtained through the use of the Services as confidential (“Confidential Information”).
You and ALX will not disclose, reproduce, or use the Confidential Information for any purpose other than the intended use of the Services, and any other legitimate purpose for ALI and will exercise reasonable care to prevent unauthorized disclosure or use.
ALI will comply with all applicable laws, including privacy laws, and will handle your personal data in accordance with its Privacy Policy.
Regardless of your country of residence, you and we agree that the laws of Mauritius, excluding conflict of laws rules, shall exclusively govern any dispute relating to this Contract and/or the Services.
You and ALX agree that claims and disputes can be litigated only in Mauritius, and you and we each agree to personal jurisdiction in those courts.
If a court with authority over this Contract finds any part of it unenforceable, you and we agree that the court should modify the terms to make that part enforceable while still achieving its intent.
If the court cannot do that, you and we agree to ask the court to remove that unenforceable part and still enforce the rest of this Contract.
This Contract (including additional terms that may be provided by us when you engage with a feature of the Services) is the only agreement between you and us regarding the Services and supersedes all prior agreements for the Services.
If we do not act to enforce a breach of this Contract, that does not mean that we have waived our right to enforce this Contract.
You may not assign or transfer this Contract (or use of Services) to anyone without our consent. However, you agree that we may assign this Contract to our affiliates or a party that buys it without your consent. There are no third-party beneficiaries to this Contract.
9.1 DOs
You agree that you will:
9.2 DON’Ts
You agree that you will not:
10.1 Data Protection
As a Visitor or Client of our Services, the collection, use and sharing of your personal data are subject to our Privacy Policy and our Cookie Policy.
ALX will be the controller of your personal data provided to, or collected by or for, or processed in connection with our Services.
We acknowledge that you may provide certain personal data about you, your personnel or employees, or customers through the use of our Services (collectively, “Personal Data”). All Personal Data that is either provided by you (including any personnel, employees or customers) through or pursuant to the use of our Services, or collected by ALX and which is proprietary to you will remain yours. The above notwithstanding, ALX will have the right to process and analyze the Personal Data and other information relating to the provision, use and performance of various aspects of the Services in accordance with our Privacy Policy.
10.2 Code of Conduct
As a Client of our Services, you agree to abide to comply with our Code of Conduct.
For general inquiries, you may contact us online or by email at [email protected]
For legal notices or service of process, you may write to us at the following address:
ALX Foundation
Attn: Legal Department
Ref: Privacy Policy and User Agreement
5th Floor, The CORE Building, No. 62, ICT Avenue, Cybercity, Ebene, Mauritius
You agree that the only way to provide us legal notice is at this address.