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Terms and Conditions

Essential Information
Connect London Champions (CLC) provides an information service to exchange data between firms and potential investors.  It does not advise on the merits or risks of investment and is not authorised to arrange transactions or circulate offering documents under the FSMA 2000 but rather is an exempt body under Statutory Instrument 723 of 1988 as a non-profit making organisation.

Investment, whether in new or existing businesses, carried high risks as well as the possibility of high rewards.  It is consequently very speculative and potential investors should be aware that no established market exists for the trading of shares in private companies and such investments are not readily realisable.  It must be appreciated that there could be difficulty in selling such investments at a reasonable price and in some circumstances it may be difficult to sell them at any price.  Similarly, there are risks of non-repayment in the case of an investment made by way of loan or guarantee of a loan.  Accordingly, you should consider carefully whether such investments are suitable in the light of your circumstances and commitments and the financial resources available to you.

Before investing in a project about which information is provided by CLC potential investors are strongly advised to take advice from a person authorised under the Financial Services Act 1986 who specialises in advising on investments of this nature.  Whilst the persons responsible for issuing the details contained in information will take reasonable steps to ensure that the information it contains concerning proposals requiring capital is neither inaccurate nor misleading, they are reliant upon the information provided by the firms concerned and no independent verification or investigation is carried out by CLC, because of the number of applications handled and in the context of the resources available.  Accordingly, no responsibility can be accepted by CLC, for any damage or loss of whatsoever nature due to negligence, disclosure or non-disclosure or any cause occasioned by an investment in any business registered CLC where the investment arises as a result of information provided under the CLC scheme.  The function of CLC is solely to bring together prospective investors with firms and in consequence CLC strongly recommends that all prospective investors make their own legal and other professional enquiries before proceeding with any investment.

Operative Provisions – In joining CLC Champions agree to the following:

I/We have read the Essential Information above and agree to all the conditions and disclosures that are set out therein.  I/We accept that any decision to invest in any business introduced to me/us by CLC is my/our responsibility and that I/we will notify CLC if I/we make any investment directly or indirectly arising out of any introduction made under the CLC scheme.

I/We agree that where Connect London generates income for me/us through referrals, I/we will inform Connect London accordingly and reserve an introductory fee payable to Connect London - generally 10% of the revenue received in the first two years.

I/We declare that the information supplied by me/us is accurate and complete to the best of my/our knowledge and that i/we am/are not disqualified from holding office as a director of a company nor have been convicted of any criminal offences in relation to a business activity not have been adjudged bankrupt nor suffered the making of any application for a bankruptcy, administration or like order pursuant to the insolvency Act 1986, nor have I/we been involved in any capacity in any company or business which has entered into liquidation, administration or receivership which I/we have not disclosed fully and in writing to CLC.

I/We agree to hold confidential any information provided to me by any business introduced to me by CLC or any CLC affiliated agency and agree to execute a confidentiality agreement direct with the business if called upon so to do.  Further I/we undertake that I/we will not solicit business from any company seeking investment nor in any way use any introduction as made under the CLC scheme for my/our own commercial gain, other than as envisaged by the terms of the scheme.

I/we hereby request to enter into an Agreement with CLC on the above terms and acknowledge that CLC reserves the right to refuse a request for membership without providing a reason.

 

 

 

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