LBA Applicant Terms

It is hereby agreed

1.                 ABOUT US

1.1              Company details. Lincoln Science and Innovation Park Limited (company number 08136850) (we and us) is a company registered in England and Wales and our registered office is  Stanley Bett House, 15-23 Tentercroft Street, Lincoln, Lincolnshire, LN5 7DB. Our main trading address is Boole Technology Centre, Beevor Street, Lincoln LN6 7DJ. Our VAT number is [                                          ].We operate the website https://www.lincolnsciencepark.co.uk/.

1.1              Contacting us. To contact us, telephone our customer service team at [                                     ] or email us at [                                  ]. How to give us formal notice of any matter under the Contract is set out in clause 12.1.

2.                 BUSINESS ANGEL NETWORK

2.1              About us. We operate a business angel investment network introducing businesses seeking investment to parties seeking investment opportunities (Business Angel Network). We act as introducers only and do not advise on the merits or otherwise of the proposed investment, the terms of any investment or the credentials of any proposed Investor. Before proceeding with any investment you should seek independent legal advice.

2.2              About you. You operate a business and are seeking investment in that business and wish to join the Business Angel Network for an opportunity to pitch to Investors.

2.3              Investor. For the purposes of these Terms, an investor (Investor) shall mean any party (being a natural person, corporate or unincorporated body (whether or not having separate legal personality)) who is an investor member of the Business Angel Network or is otherwise introduced by us to you (whether directly or indirectly) in connection with the Business Angel Network.

3.                 OUR CONTRACT WITH YOU

3.1              Our contract. These terms and conditions (Terms) apply to your membership of the Business Angel Network (Contract). They apply to the exclusion of any other terms that you seek to impose or incorporate, or which are implied by law, trade custom, practice or course of dealing.

3.2              Commencement Date. Our acceptance of your membership of the Business Angel Network takes place when we send an email to you to confirm your membership, at which point and on which date (Commencement Date) the Contract between you and us will come into existence.

3.3              Entire agreement. The Contract is the entire agreement between you and us in relation to its subject matter. You acknowledge that you have not relied on any statement, promise or representation or assurance or warranty that is not set out in the Contract.

3.4              Your copy. You should print off a copy of these Terms or save them to your computer for future reference.

4.                 YOUR OBLIGATIONS

4.1              Investment Proposal. You shall prepare a written investment proposal setting out details of your business and the terms upon which you seek investment (Investment Proposal) with sufficient detail to allow an Investor to make a reasonable assessment of the proposed investment. You represent and warrant to us that that your Investment Proposal shall be true, accurate and not misleading and that you will notify us (and any Investor you are then in contact with) promptly upon not being the case.

4.2              Investor Pitch. If invited by us to attend an event pitching your investment to a group of Investors or any committee of Investors (Business Angel Investor Pitch Event), you shall use all reasonable endeavours to attend such event and shall present your Investment Proposal and answer any questions fully and accurately.

4.3              Conduct. You shall:

4.3.1         cooperate with us in all matters relating to the operation of the Business Angel Network;

4.3.2         comply with all reasonable and lawful requests by us in connection with Business Angel Network;

4.3.3         comply with such policies and procedures (including any membership rules) in relation to the operation and/or membership of Business Angel Network that we may from time to time notify to you in writing;

4.3.4         at all times act in good faith towards us and all members of the Business Angel Network (including Investors);

4.3.5         conduct yourself at all times in a professional manner in all matters in connection with the Business Angel Network including dealings with any Investors;

4.3.6         if invited to a Business Angel Investor Pitch Event, provide truthful and not misleading information to Investors;

4.3.7         obtain and maintain all necessary licences, permissions and consents which may be required for the Investment;

4.3.8         comply with all applicable laws in relation to Investment;

4.3.9         notify us (and any Investor you are then in contact with) immediately if you are offered investment from a party not through the Business Angel Network or otherwise no longer require investment; and

4.3.10      notify us of any material change in your turnover, profit and number of employees within 3 years of the Commencement Date.

4.4              Information. You shall keep us informed of all discussions and developments in relation to your Investment Proposal including (without limitation) notifying us within 3 business days of:

4.4.1         reaching any agreement with an Investor for the provision of any Investment; or

4.4.2         receiving any Investment from an Investor.

 

4.5              Indemnity. You shall indemnify us against all costs, claims, proceedings, demands, and all liability, loss, costs and expenses incurred by us arising out of, or as a result of, any breach by you of any term of the Contract.

4.6              EIS and SEIS Clearance. You shall be responsible for applying for provisional EIS or SEIS clearance before making any presentation to the Business Angel Network. Clearance takes approximately 4-6 weeks.

5.                 OUR OBLIGATIONS

5.1              Investment Readiness. We shall provide you with a minimum of one hour of coaching sessions to aid your preparation of an Investment Proposal. The service may involve independent professional coaching on content & structure, as well as guidance on how to deliver a successful presentation.

5.2              Business Angel Investor Pitch Event. Subject to compliance by you with these Terms and delivery to us of an Investment Proposal in a form that we are satisfied with, we will use our reasonable endeavours to invite you to attend a Business Angel Investor Pitch Event (such event to take the form of either a face to face meeting or held virtually) where you can present your Investment Proposal to Investors.

5.3              Time for performance. Subject to clause 5.2, we will use all reasonable endeavours to invite you to attend the first available Business Angel Investor Pitch Event, but failure to provide an invite by any particular date shall not be deemed to be a breach by us of the Contact.

5.4              No representation or warranty. We provide no representation, warranty or other assurance that you will secure any investment through the Business Angel Network and we shall have no liability to you either in relation to any failure to secure investment or any investment actually secured.

6.                 MEMBERSHIP FEE AND INVESTMENT COMMISSION

6.1              Fees. In consideration of your membership of the Business Angel Network you shall pay our fees and commission payments (Fees) in accordance with this clause 6.

6.2              Membership Fee. You shall pay a one off non-refundable membership fee of £0, such fee shall be payable upon joining the Business Angel Network.

6.3              Pitch Event Fee. You shall pay a non-refundable fee for each Business Angel Investor Pitch Event you accept attendance for. Such fee shall be notified to you at the time of the invitation to such event and unless so notified such fee shall be £0.

6.4              Referral Fee. If you (or any Connected Party) during your membership of the Business Angel Network and for a period of 36 months from the termination of your membership secures any financial investment (in whatever form) from an Investor, you shall pay us within 30 days of the date receipt by you of such investment, a referral fee equal to 0% of the sum raised (or if the investment is not in cash, 0% of the cash value of the investment). For the purposes of this cause 6.3, the term Connected Party shall have, in relation to you, the meaning given in section 1122 of the Corporation Tax Act TA 2010.

6.5              Duty to disclose commission data. You shall promptly notify us in writing any information relevant to the payment or calculation of any Fees.

6.6              Vat. Our Fees are exclusive of VAT. Where VAT is payable in respect of some or all of the Fees you must pay us such additional amounts in respect of VAT, at the applicable rate, at the same time as you pay the Fees.

6.7              Survival. This clause 6 will survive termination of the Contract.

7.                 DATA PROTECTION

7.1              We will process your personal information in accordance with our privacy policy:  https://www.lincolnsciencepark.co.uk/privacy-policy, the terms of which are incorporated into this Contract.

7.2              You undertake to comply with all legislation and regulatory requirements in force from time to time relating to the use of personal data and the privacy of electronic communications (including, without limitation (i) the Data Protection Act 2018 or any successor legislation, as well as (ii) the General Data Protection Regulation ((EU) 2016/679) and any other directly applicable European Union regulation relating to data protection and privacy (for so long as and to the extent that the law of the European Union has legal effect in the UK).

8.                 LIMITATION OF LIABILITY: YOUR ATTENTION IS PARTICULARLY DRAWN TO THIS CLAUSE.

8.1              Nothing in the Contract limits any liability which cannot legally be limited, including liability for death or personal injury caused by negligence or fraud or fraudulent misrepresentation.

8.2              We do not advise on the merits or risks of any investment or the credentials of any particular Investor. Nor are we authorised to carry on investment business under the Financial Services and Markets Act 2000. Subject to clause 8.1, we shall have no liability to you for any loss or damage arising from your membership of the Business Angel Network or your acceptance of any Investment.

8.3              Subject to clause 8.1, we will not be liable to you, whether in contract, tort (including negligence), for breach of statutory duty, or otherwise, arising under or in connection with the Contract for loss of profits, loss of sales or business, loss of agreements or contracts, loss of anticipated savings, loss of or damage to goodwill or any indirect or consequential loss.

8.4              Subject to clause 8.1, our total liability to you arising under or in connection with the Contract, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, will be limited to the amount of Fees paid to by you to us.

8.5              This clause 8 will survive termination of the Contract.

9.                 INTELLECTUAL PROPERTY

9.1              The Contract does not transfer any interest in the intellectual property rights of you or us. All intellectual property rights owned by a party shall remain owned by that party.

9.2              Subject to clause 10, you acknowledge and agree that if you disclose to us or any member of the Business Angel Network, any confidential information or information relating to your intellectual property rights, you do so at your own risk and we (and unless otherwise expressly agreed by you with such member, each member of the Business Angel Network) shall have no liability in connection with any such disclosure.

9.3              This clause 9 will survive termination of the Contract.

10.                 CONFIDENTIALITY

10.1              You undertake that you will not at any time without our prior written consent disclose to any person any confidential information concerning our business, affairs, customers, clients, suppliers (including details of any Investor), or details of the fees we charge, except as permitted by clause 10.2.

10.2              You may disclose our confidential information:

10.2.1         to such of your respective employees, officers, representatives or advisers who need to know such information for the purposes of considering and/or completing any potential investment. You will ensure that such employees, officers, representatives or advisers comply with this clause 10; and

10.2.2         as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.

10.3              You may only use our confidential information for the purpose of fulfilling your obligations under the Contract.

10.4              You agree that we may share your Investment Proposal with any investor member of the Business Angel Network.

10.5              Unless otherwise agreed, we shall have the right to publicise any investments facilitated through the Business Angel Network at any time following completion of such investments.

10.6              No rights or obligations in respect of a party's confidential information, other than those expressly stated in the Contract, are granted to the other party or to be implied from the Contract.

10.7              This clause 10 will survive termination of the Contract.

11.                 TERMINATION, CONSEQUENCES OF TERMINATION AND SURVIVAL

11.1              Termination by us. Without limiting any of our other rights, we may suspend your membership of the Business Angel Network or the performance of our obligations under the Contract, or terminate the Contract with immediate effect by giving written notice to you if:

11.1.1         you commit a material breach of any term of the Contract and (if such a breach is remediable) fail to remedy that breach within 14 days of you being notified in writing to do so;

11.1.2         you fail to pay any amount due under the Contract on the due date for payment;

11.1.3         you notify us that you no longer require Investment or take any action, or fail to take action, which we consider consistent with not requiring Investment;

11.1.4         you suspend, threaten to suspend, cease or threaten to cease to carry on all or a substantial part of your business or any insolvency action is taken against you; or

11.1.5         we cease to operate the Business Angel Network.

11.2              Termination by you. You may terminate the Contract with immediate effect by giving written notice to us.

11.3              Consequences of termination

11.3.1         On termination of the Contract you must return all of our materials. If you fail to do so, then we may enter your premises and take possession of them.

11.3.2         Termination of the Contract will not affect your or our rights and remedies that have accrued as at termination.

11.4              Survival. Any provision of the Contract that expressly or by implication is intended to come into or continue in force on or after termination will remain in full force and effect.

12.                 GENERAL

12.1              Communication between us. When we refer to "in writing" in these Terms, this includes email. Any notice or other communication given by one of us to the other under or in connection with the Contract must be in writing and be delivered personally, sent by pre-paid first class post or other next working day delivery service, or email. A notice or other communication is deemed to have been received:

12.1.1         if delivered personally, on signature of a delivery receipt or at the time the notice is left at the proper address;

12.1.2         if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second working day after posting; or

12.1.3         if sent by email, at 9.00 am the next working day after transmission provided confirmation of receipt is obtained.

12.2              Assignment and transfer

12.2.1         We may assign or transfer our rights and obligations under the Contract to another entity but will always notify you in writing or by posting on the webpage at www.lincsbusinessangels.co.uk if this happens.

12.2.2         You may only assign or transfer your rights or your obligations under the Contract to another person if we agree in writing.

12.3              Variation. We shall be entitled to vary any non-material terms of the Contract. Any such variation shall be notified to you in writing (including by email). Any other variations shall be agreed between you and us in writing.

12.4              Severance. Each paragraph of these Terms operates separately. If any court or relevant authority decides that any of them is unlawful or unenforceable, the remaining paragraphs will remain in full force and effect.

12.5              Third party rights. The Contract is between you and us. No other person has any rights to enforce any of its terms.

12.6              Governing law and jurisdiction. The Contract is governed by English law and we each irrevocably agree to submit all disputes arising out of or in connection with the Contract to the exclusive jurisdiction of the English courts.

LBA Investor Terms

It is hereby agreed

1.                 ABOUT US

1.1              Company details. Lincoln Science and Innovation Park Limited (company number 08136850) (we and us) is a company registered in England and Wales and our registered office is Stanley Bett House, 15-23 Tentercroft Street, Lincoln, Lincolnshire, LN5 7DB. Our main trading address is Boole Technology Centre, Beevor Street, Lincoln LN6 7DJ. Our VAT number is [                                          ]. We operate the website https://www.lincolnsciencepark.co.uk/.

1.2              Contacting us. To contact us, telephone our customer service team at [                                     ] or email us at [                                  ]. How to give us formal notice of any matter under the Contract is set out in clause 12.1.

2.                 BUSINESS ANGEL NETWORK

2.1              About us. We operate a business angel investment network introducing businesses seeking investment to parties seeking investment opportunities (Business Angel Network). We act as introducers only and do not advise on the merits or otherwise of the proposed investment, the terms of any investment or the credentials of any applicant seeking investment. Before proceeding with any investment you should seek independent legal advice.

2.2              About you. You are a business investor and wish to join the Business Angel Network for opportunities to invest in businesses.

2.3              Applicant. For the purposes of these Terms, an applicant (Applicant) shall mean any party (being a natural person, corporate or unincorporated body (whether or not having separate legal personality)) who is an applicant member of the Business Angel Network or is otherwise introduced by us to you (whether directly or indirectly) in connection with the Business Angel Network.  

3.                 OUR CONTRACT WITH YOU

3.1              Our contract. These terms and conditions (Terms) apply to your membership of the Business Angel Network (Contract). They apply to the exclusion of any other terms that you seek to impose or incorporate, or which are implied by law, trade custom, practice or course of dealing.

3.2              Commencement Date. Our acceptance of your membership of the Business Angel Network takes place when we send an email to you to confirm your membership, at which point and on which date (Commencement Date) the Contract between you and us will come into existence.

3.3              Entire agreement. The Contract is the entire agreement between you and us in relation to its subject matter. You acknowledge that you have not relied on any statement, promise or representation or assurance or warranty that is not set out in the Contract.

3.4              Your copy. You should print off a copy of these Terms or save them to your computer for future reference.

4.                 YOUR OBLIGATIONS

4.1              Pitch Event. If invited by us to attend an event at which Applicants pitch their investment proposal to a group of investors or any committee of investors (Business Angel Pitch Event), you shall notify us promptly if you are able to attend the event.

4.2              Conduct. You shall:

4.2.1         cooperate with us in all matters relating to the operation of the Business Angel Network;

4.2.2         comply with all reasonable and lawful requests by us in connection with Business Angel Network;

4.2.3         comply with such policies and procedures (including any membership rules) in relation to the operation and/or membership of Business Angel Network that we may from time to time notify to you in writing;

4.2.4         at all times act in good faith towards us an all members of the Business Angel Network (including Applicants);

4.2.5         conduct yourself at all times in a professional manner in all matters in connection with the Business Angel Network (including dealings with any Applicants);

4.2.6         obtain and maintain all necessary licences, permissions and consents which may be required for any investment;

4.2.7         comply with all applicable laws in relation to any investment or potential investment;

4.2.8         notify us (and any Applicant you are then in contact with) immediately if you determine that you are no longer seeking investment opportunities;

4.2.9         notify us of any material change in your turnover, profit and number of employees within 3 years of the Commencement Date; and

4.2.10      not pass on any investment opportunity which you become aware of through the Business Angel Network to any third party or otherwise take any action the intention of which is to avoid the Applicant paying any fees to us.

4.3              Information. You shall keep us informed of all discussions and developments in relation to any proposed investment including (without limitation) notifying us within 3 business days of:

4.3.1         reaching any agreement with an Applicant (or any Connected Party) for the provision of any investment (in any form) in the Applicant (or Connected Party) in any form; or

4.3.2         providing any investment (in any form) to an Applicant (or any Connected Party).

For the purposes of this cause 4.3, the term Connected Party shall have, in relation to the Applicant, the meaning given in section 1122 of the Corporation Tax Act TA 2010.

4.4              Indemnity. You shall indemnify us against all costs, claims, proceedings, demands, and all liability, loss, costs and expenses incurred by us arising out of, or as a result of, any breach by you of any term of the Contract.

5.                 OUR OBLIGATIONS

5.1              Applicant Information and Business Angel Investor Pitch Event. Subject to compliance by you with these Terms, we will use our reasonable endeavours to:

5.1.1         provide you with details of Applicants seeking investment including details of such investment proposals (and you hereby consent to the receipt of such information);

5.1.2         provide you with newsletters and such other information in relation to the Business Angel Network; and

5.1.3         invite you to attend Business Angel Investor Pitch Events (such event to take the form of either face to face meetings or held virtually) where Applicants present their investment proposal to a group of investors.

5.2              Time for performance. Subject to having sufficient numbers of Applicants, we will use all reasonable endeavours to provide you with details of Applicants and investment proposals, newsletters and invite you to attend Business Angel Investor Pitch Events on a regular basis, but failure to do all or any by any particular date or with any particular regularity shall not be deemed to be a breach by us of the Contact.

5.3              No representation or warranty. We provide no representation, warranty, recommendation or other assurance in relation to:

5.3.1         any Applicant or the accuracy, completeness, reliability or otherwise of any information provided by any Applicant (including details of any investment proposal) and we shall have no liability in respect of the same. If you decide to proceed with any investment proposal it shall be your responsibility to carry out such due diligence on the Applicant and the investment proposal as you consider appropriate; or

5.3.2         any other investor member of the Business Angel Network and we shall have no liability in respect of the same. If you decide to pool investment or share information with other investors it shall be your responsibility to carry out such due diligence on the Investor and the investment proposal (including any tax consequences) and take such precautions as you consider appropriate.

6.                 MEMBERSHIP FEE AND INVESTMENT COMMISSION

6.1              Fees. In consideration of your membership of the Business Angel Network you shall pay our fees and commission payments (Fees) in accordance with this clause 6.

6.2              Membership Fee. You shall pay a one off non-refundable membership fee of £0, such fee shall be payable upon joining the Business Angel Network.

6.3              Referral Fee. You acknowledge that we may charge the Applicant a referral fee in the event it secures any investment through the Business Angel Network and that in the event that you make an investment, some of that investment may be used to pay our referral fee.

6.4              Vat. Our Fees are exclusive of VAT. Where VAT is payable in respect of some or all of the Fees you must pay us such additional amounts in respect of VAT, at the applicable rate, at the same time as you pay the Fees.

6.5              Survival. This clause 6 will survive termination of the Contract.

7.                 DATA PROTECTION

7.1              We will process your personal information in accordance with our privacy policy:  https://www.lincolnsciencepark.co.uk/privacy-policy, the terms of which are incorporated into this Contract.

7.2              You undertake to comply with all legislation and regulatory requirements in force from time to time relating to the use of personal data and the privacy of electronic communications (including, without limitation (i) the Data Protection Act 2018 or any successor legislation, as well as (ii) the General Data Protection Regulation ((EU) 2016/679) and any other directly applicable European Union regulation relating to data protection and privacy (for so long as and to the extent that the law of the European Union has legal effect in the UK).

8.                 LIMITATION OF LIABILITY: YOUR ATTENTION IS PARTICULARLY DRAWN TO THIS CLAUSE.

8.1              Nothing in the Contract limits any liability which cannot legally be limited, including liability for death or personal injury caused by negligence or fraud or fraudulent misrepresentation.

8.2              We do not advise on the merits or risks of any investment or the credentials of any particular Applicant. Nor are we authorised to carry on investment business under the Financial Services and Markets Act 2000. Subject to clause 8.1, we shall have no liability to you for any loss or damage arising from your membership of the Business Angel Network or your making any investment.

8.3              Subject to clause 8.1, we will not be liable to you, whether in contract, tort (including negligence), for breach of statutory duty, or otherwise, arising under or in connection with the Contract for loss of profits, loss of sales or business, loss of agreements or contracts, loss of anticipated savings, loss of or damage to goodwill or any indirect or consequential loss.

8.4              Subject to clause 8.1, our total liability to you arising under or in connection with the Contract, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, will be limited to the amount of Fees paid to us by you.

8.5              This clause 8 will survive termination of the Contract.

9.                 INTELLECTUAL PROPERTY

9.1              The Contract does not transfer any interest in the intellectual property rights of you or us. All intellectual property rights owned by a party shall remain owned by that party.

9.2              Subject to clause 10, you acknowledge and agree that if you disclose to us or any member of the Business Angel Network, any confidential information or information relating to your intellectual property rights, you do so at your own risk and we (and unless otherwise expressly agreed by you with such member, each member of the Business Angel Network) shall have no liability in connection with any such disclosure.

9.3              This clause 9 will survive termination of the Contract.

10.                 CONFIDENTIALITY

10.1              You undertake that you will not at any time without our prior written consent disclose to any person any confidential information concerning our business, affairs, customers, clients, suppliers (including details of any Applicant or their investment proposal), or details of the fees we charge, except as permitted by clause 10.2.

10.2              You may disclose our confidential information:

10.2.1         to such of your respective employees, officers, representatives or advisers who need to know such information for the purposes of considering and/or completing any potential investment. You will ensure that such employees, officers, representatives or advisers comply with this clause 10; and

10.2.2         as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.

10.3              You may only use our confidential information for the purpose of fulfilling your obligations under the Contract.

10.4              Unless otherwise agreed, we shall have the right to publicise any investments facilitated through the Business Angel Network at any time following completion of such investments.

10.5              In the event that you propose to disclose any of your confidential information to any Applicant, you shall, to the extent required by you, ensure such information is protected by a confidentiality agreement between you and the Applicant. 

10.6              No rights or obligations in respect of a party's confidential information, other than those expressly stated in the Contract, are granted to the other party or to be implied from the Contract.

10.7              This clause 10 will survive termination of the Contract.

11.                 TERMINATION, CONSEQUENCES OF TERMINATION AND SURVIVAL

11.1              Termination by us. Without limiting any of our other rights, we may suspend your membership of the Business Angel Network or the performance of our obligations under the Contract, or terminate the Contract with immediate effect by giving written notice to you if:

11.1.1         you commit a material breach of any term of the Contract and (if such a breach is remediable) fail to remedy that breach within 14 days of you being notified in writing to do so;

11.1.2         you fail to pay any amount due under the Contract on the due date for payment;

11.1.3         you notify us that you no longer seek investment opportunities or take any action, or fail to take action, which we consider consistent with not seeking investment opportunities;

11.1.4         you suspend, threaten to suspend, cease or threaten to cease to carry on all or a substantial part of your business or any insolvency action is taken against you; or

11.1.5         we cease to operate the Business Angel Network.

11.2            Termination by you. You may terminate the Contract with immediate effect by giving written notice to us provided upon such termination that there shall be no refund of any Fees paid, or payable by, you.

11.3              Consequences of termination

11.3.1         On termination of the Contract you must return all of our materials and any material provided by any Applicant.

11.3.2         Termination of the Contract will not affect your or our rights and remedies that have accrued as at termination.

11.4              Survival. Any provision of the Contract that expressly or by implication is intended to come into or continue in force on or after termination will remain in full force and effect.

12.                 GENERAL

12.1              Communication between us. When we refer to "in writing" in these Terms, this includes email. Any notice or other communication given by one of us to the other under or in connection with the Contract must be in writing and be delivered personally, sent by pre-paid first class post or other next working day delivery service, or email. A notice or other communication is deemed to have been received:

12.1.1         if delivered personally, on signature of a delivery receipt or at the time the notice is left at the proper address;

12.1.2         if sent by pre-paid first class post or other next working day delivery service, at 9.00 am on the second working day after posting; or

12.1.3         if sent by email, at 9.00 am the next working day after transmission provided confirmation of receipt is obtained.

12.2              Assignment and transfer

12.2.1         We may assign or transfer our rights and obligations under the Contract to another entity but will always notify you in writing or by posting on the webpage at www.lincsbusinessangels.co.uk if this happens.

12.2.2         You may only assign or transfer your rights or your obligations under the Contract to another person if we agree in writing.

12.3              Variation. We shall be entitled to vary any non-material terms of the Contract. Any such variation shall be notified to you in writing (including by email). Any other variations shall be agreed between you and us in writing.

12.4              Severance. Each paragraph of these Terms operates separately. If any court or relevant authority decides that any of them is unlawful or unenforceable, the remaining paragraphs will remain in full force and effect.

12.5              Third party rights. The Contract is between you and us. No other person has any rights to enforce any of its terms.

12.6              Governing law and jurisdiction. The Contract is governed by English law and we each irrevocably agree to submit all disputes arising out of or in connection with the Contract to the exclusive jurisdiction of the English courts.