Terms of Service

Last Updated: December 18, 2024

1. Agreement to Terms

By accessing or using the services provided by Venturu, Inc. ("Venturu," "we," "our," or "us") through www.venturu.com (the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you disagree with any part of these Terms, you may not access the Service.

2. Service Description

2.1 Platform Role

Venturu is a platform that:

• Connects buyers and sellers of small and medium-sized businesses
• Verifies identities of buyers and sellers
• Facilitates the sharing of business information through secure document storage
• Provides Non-Disclosure Agreement (NDA) templates for document access
• Offers business listing and discovery tools

2.2 Platform Limitations

Venturu explicitly:

• Does NOT facilitate or process any payments
• Does NOT participate in business transactions
• Does NOT broker deals
• Does NOT guarantee business information accuracy
• Does NOT enforce NDAs between parties
• Does NOT provide legal, financial, or business advice

3. Identity Verification

3.1 Verification Process

• All users must complete identity verification through Onfido
• Users must provide accurate verification documents
• False or misleading information will result in immediate account termination

3.2 Verification Limitations

• While we verify identities, we do not guarantee the accuracy of any user information
• Users are responsible for conducting their own due diligence

4. Non-Disclosure Agreements

4.1 NDA Process

• We provide NDA templates for protecting confidential business information
• NDAs are executed directly between buyers and sellers
• We facilitate the electronic signing and storage of NDAs

4.2 NDA Enforcement

• Venturu is not a party to NDAs between users
• We are not responsible for enforcing NDAs
• Any breach of NDA must be pursued directly by the affected party
• We may suspend or terminate accounts for reported NDA violations, but assume no obligation to do so

5. User Obligations and Conduct

5.1 General Obligations

Users must:

• Provide accurate information
• Maintain current contact details
• Use the platform in good faith
• Respect confidentiality of shared information

5.2 Transaction Conduct

Users acknowledge that:

• All transactions are conducted independently of Venturu
• They are solely responsible for payment arrangements
• They must conduct their own due diligence
• They must obtain independent legal and financial advice
• They must comply with all applicable laws and regulations

5.3 Prohibited Activities

Users must not:

• Provide false or misleading information
• Share access to confidential documents
• Circumvent platform security measures
• Harass or harm other users
• Use the platform for illegal activities

6. Business Listings

6.1 Seller Obligations

Sellers must:

• Have legal authority to sell the listed business
• Provide accurate business information
• Maintain current listings
• Respond to legitimate inquiries
• Update listing status promptly

6.2 Buyer Obligations

Buyers must:

• Maintain confidentiality of seller information
• Use financial documents solely for evaluation purposes
• Honor executed NDAs
• Engage in good faith communications

7. Disclaimers and Limitations

7.1 Platform Disclaimer

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE." WE MAKE NO REPRESENTATIONS OR WARRANTIES ABOUT:

• The accuracy of business listings
• The legitimacy of buyers or sellers
• The success of any transaction
• The enforcement of NDAs
• The completion of any deal

7.2 Transaction Disclaimer

VENTURU:

• Is not a party to any transaction between users
• Does not guarantee any transaction outcome
• Is not responsible for any payment disputes
• Is not liable for any losses related to transactions
• Does not verify business information accuracy

7.3 Limitation of Liability

Our maximum liability is limited to:

• The amount paid by you to Venturu in the past 12 months, or
• $100, whichever is less

8. Dispute Resolution

8.1 Between Users

• Users must resolve disputes directly with each other
• Venturu will not mediate disputes
• Users are responsible for enforcing their rights

8.2 With Venturu

• All disputes with Venturu shall be resolved by binding arbitration
• Arbitration will be conducted in Delaware
• Class action waiver applies

9. Changes to Terms

We reserve the right to modify these Terms at any time. Changes will be effective upon posting to the Service.

10. Governing Law

These Terms are governed by the laws of the State of Delaware.

11. Contact Information

For legal inquiries:
Email: legal@venturu.com
+1 (917) 232-1610