“Our Terms govern your use of the investing systems provided by PASSIVE PROFITS through google drive platform & through our website passiveprofits.in.”
1. Definitions:
Business Days: Refers to any day in which banks are open for business in Gurgaon, India.
Systems: Refers to the spreadsheets with proprietary information & analysis contained in them, made available to paid subscribers, containing information on certain collection of stocks & model portfolio performance composed of Indian listed securities.
User: Any individual with valid access after payment of corresponding subscription fees, to view and consume information contained in investing system(s), after agreeing to the Terms defined herein. This term includes authorized individuals accessing the investing systems on behalf of the user.
Firm: Firm represents sole proprietorship business named “PASSIVE PROFITS”
2. Eligibility:
Users must be legally able to enter contracts to access our investing systems online, ensuring compliance with legal requirements.
3. Registration:
Users need to register with accurate information to access our investing systems. Fees may apply based on chosen plans, subject to change, ensuring transparency in the registration process.
4. Access:
While efforts are made to keep the investing systems available, occasional disruptions may occur for maintenance, ensuring users are informed about potential interruptions.
5. Provision of Access:
Users gain access to online investing systems but are solely responsible for their investment decisions and bear all risks associated with investing, emphasizing user responsibility in decision-making.
6. Investment Disclosures:
The firm’s online investing systems serve as tools for analysis and decision-making. Past performance does not guarantee future results, guiding users on the nature of the provided systems.
7. Security:
Users are responsible for their account security. The firm isn’t liable for unauthorized access, highlighting user accountability for account protection.
8. Use at Your Own Risk:
The firm reserves the right to refuse access. Users understand the risks associated with investing, acknowledging the inherent risks involved.
9. Intellectual Property Rights & Trademarks:
Firm’s trademarks are protected, and users can’t use them without permission, safeguarding intellectual property rights. Users agree not to reproduce, duplicate, copy, sell, resell, or exploit any portion of the firm’s products (investing systems) without express written permission by us.
10. Disclaimer of Warranties:
Access to the investing systems is provided ‘as-is’. The firm does not guarantee uninterrupted access or specific outcomes, thereby managing user expectations regarding system performance.
11. Arbitration:
Disputes are settled through arbitration in Gurgaon, Haryana, India
12. Suspension and Termination:
The firm can suspend or terminate user access for breaches or suspected illegal activity, ensuring compliance with terms and conditions.
13. Indemnity:
Users agree to indemnify the firm against liabilities arising from their use of the investing systems, protecting the firm from potential legal consequences.
14. Disclosure:
The firm may disclose user information as required by law or for security purposes, ensuring transparency in data handling practices.
15. Limitation of Liability:
Users acknowledge and accept the risks associated with investing. The firm’s liability is limited to a certain extent, outlining the extent of the firm’s responsibility. In no case shall Passive Profits, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers, or licensors be liable for any damages.
16. Miscellaneous Terms:
Fees may change with notice. The firm can modify or discontinue access to the investing systems without prior notice. Users may receive communications from the firm. Users are responsible for providing accurate information. The firm isn’t liable for third-party websites linked on their site. The firm isn’t liable for events beyond their control, covering various additional aspects of the agreement. We’re not a registered Research Analyst under SEBI. We do not publish research reports and give price targets for listed securities.
17. Prohibition of Unauthorized Sharing and Fine:
Users are strictly prohibited from sharing their access credentials, including usernames and passwords, with any individual or entity not explicitly authorized by the company. Sharing access credentials with unauthorized parties constitutes a breach of these terms and conditions and may result in immediate termination of user access without notice. In addition to termination of access, users found sharing, copying, reselling, or duplicating system output with unauthorized parties may be subject to fines of up to Rs. 100,000 per incident, as determined by the company, deterring unauthorized sharing.
18. Monitoring and Enforcement:
The firm reserves the right to monitor user activity for signs of unauthorized sharing or collusion. In the event of suspected unauthorized sharing, the company may investigate and take appropriate enforcement actions, including but not limited to suspension or termination of user access, legal action, and pursuit of damages for any losses incurred as a result of unauthorized access. Users agree to cooperate fully with any investigations conducted by the firm regarding unauthorized sharing of access credentials, ensuring compliance and cooperation with enforcement efforts.
19. Contact Information:
Questions about the Terms of Service should be sent to us at support@passiveprofits.in.”
Effective Date: [1 October, 2024]
20. Terms and Conditions for Earning and Using Credit Points
These Terms and Conditions govern the earning and usage of Credit Points within the Passive Profits system. By participating in our Credit Points program, you agree to the following terms:
A. Credit Points System
- Value of Credit: 1 Credit is equivalent to 1 Rupee.
B. Earning Credit Points
- Direct Purchases: For every direct purchase of a subscription or course, you will earn Credit Points applicable on that product / course.
- Referral Program:
- Referral Credits: When a new subscription or course is purchased via your (existing user or the sponsor) referral, both you (the sponsor) and the referred new subscriber will each earn same Credit Points applicable on the plan subscribed.
- Transfer Exclusions: Credits earned through referrals or direct purchases are freely transferrable among for family members (defined as immediate family, including parents, siblings, spouse, and children).
C. Usage of Credit Points
- Course and Subscription Purchases: Credit Points can only be used to purchase courses and renew subscriptions on the Passive Profits platform.
- Non-Transferability: Credits are non-transferable (outside immediate family) and cannot be redeemed for cash or other forms of payment.
- Expiry: Credit Points do not expire, allowing for indefinite accumulation and use.
D. General Conditions
- Account Requirements: Credit Points are tied to individual user accounts and must be used within the account in which they were earned.
- Modification of Terms: Passive Profits reserves the right to modify or terminate the Credit Points program at any time without prior notice. Any changes will be communicated through official channels.
- Compliance: Participation in the Credit Points program is subject to compliance with these Terms and Conditions as well as any other applicable rules and regulations of Passive Profits.
- Dispute Resolution: Any disputes arising from the Credit Points program will be resolved in accordance with the dispute resolution procedures of Passive Profits.
F. Contact Information
- Inquiries: For any questions or concerns regarding Credit Points, please contact our customer support team at support@passiveprofits.in
By participating in the Credit Points program, you acknowledge that you have read, understood, and agree to abide by these Terms and Conditions.