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These General Conditions of Use (GCU) govern the relationship between the company MONEYHOUSE Sh.p.k. (MONEYHOUSE) having its registered office at Rruga Artan Lenja, Kompleksi Kontakt, Pallati Leo, Shkalla 5, Kati 9, Apt. 5094, 1023 Tirana, Albania and VAT No. M41931024Q and the User/MClub Member registered on this Website.


Both are hereinafter also referred to as the "Party" or jointly as the "Parties".


WHEREAS

  1. The Company MONEYHOUSE Sh.p.k. carries out its activity in the field of buying, selling and managing real estate as contemplated by the Law of the Republic of Albania.
  2. The website www.moneyhouse.vip and the services therein are provided by MONEYHOUSE or its business partners. Access to the services is permitted to persons of legal age or in any case to persons with capacity under the Law who have registered on this Website.
  3. The User/ MClub Member is a Company or Person who intends to use or otherwise benefit from the services offered by MONEYHOUSE.
  4. By requesting the services on the website www.moneyhouse.vip on behalf of a third party, the User/MClub Member confirms that he/she has the necessary powers of representation in any capacity.
  5. The User/MClub Member has expressed interest in the MONEYHOUSE services on the www.moneyhouse.vip website and by paying the Registration Fee confirms that he/she has read and accepted the present General Conditions of Use (GCU) and Terms of Use (Disclaimer).
  6. The User/MClub Member intends to use the services of MONEYHOUSE exclusively for his/her own personal and/or professional needs and does not intend to sell the services of MONEYHOUSE to third parties.
  7. It is the intention of the Parties to define with the present General Conditions of Use the contractual terms applicable, as from the date of their signature, to any service offered by MONEYHOUSE to the User/MClub Member.

THE FOLLOWING IS HEREBY AGREED AND STIPULATED


ARTICLE 1 - Contractual Regulations

  1. This document governs the General Conditions of Use that will apply after the date of registration to MClub by the User who acquires the title of MClub Member after having completed the Registration Request and paid the Registration Fee. Payment of the Registration Fee by the User implies full and complete knowledge and acceptance of the present GCU.
  2. The User/MClub Member is directly responsible for the personal data (user name, password and email) entered in the Website during registration, the data entered in the order forms related to the services available in the Website, the data entered for invoicing, the data and documents sent by email when requested by MONEYHOUSE. Any typing errors on the part of the User, the typing of incomplete data or incorrect data, the sending of incorrect data or documents may determine the consequent impossibility for MONEYHOUSE Sh.p.k. to execute the present Contract, without prejudice to the User's sole responsibility.

ARTICLE 2 - MClub Membership

  1. Membership Request. The User/MClub Member who intends to apply for or renew his/her membership to MClub is required to fill in all parts of the Application Form available on this Website. MONEYHOUSE will consider the Membership Request complete only if it is completed with the submission by the Applicant of the documentation described in the following paragraphs and if the User has paid the Membership Fee described in Article 5 below.
  2. Registration as a Natural Person. Any User wishing to register as a Natural Person must send a legible copy of his or her valid Identification Document (Identity Card or Passport) to the email address mclub@moneyhouse.vip. The data entered on the Application Form must match the data on the Identification Document.
  3. Registration as a Legal Entity. The User who intends to register as a Legal Entity (Individual Company, Private Company or Joint Stock Company) is required to send a legible copy of the valid identification document (Identity Card or Passport) of the Administrator/Legal Representative together with the Legal Entity Documentation (Certificate of Enrolment in the Companies Registry) to mclub@moneyhouse.vip. The data entered on the Application Form shall correspond to the data on the identification document of the Administrator/Legal Representative and the Certificate of Entry in the Companies Register.
  4. Membership Validation. Actual Membership in MClub is subject to the correct completion of the Membership Application Form, receipt of the documents described in the preceding paragraphs and receipt of the Membership Fee described in Article 4 below.
  5. Membership Renewal. Membership in MClub is valid for one year and must therefore be renewed every year.

ARTICLE 3 - Access to Services

  1. Services to Members. MONEYHOUSE provides the MClub Member with the services and products that are the subject of the present relationship between the Parties (hereinafter "Services") through the website www.moneyhouse.vip (hereinafter "Website") in online and offline mode, including through the provision of a User Restricted Area. The MClub Member is obliged to carefully read the information relating to the Services and products published on the Website, to check the delivery schedule, the amounts relating to fees and taxes, if any, and the payment methods, and to carefully, completely and specifically complete all the fields, both mandatory and optional, in the request forms available online on the Website.
  2. Access Credentials. Should the Services provide for the use of access credentials for the User/MClub Member (user name - password), the User/MClub Member undertakes to diligently and carefully preserve the secrecy and confidentiality of such access keys, preventing them from being used improperly, unduly or without authorization and the User/MClub Member shall always remain directly and exclusively responsible for any such use.
  3. Confidentiality and Security. The User/MClub Member is responsible for the confidentiality of all information sent and received by MONEYHOUSE, even during data transmission, regardless of the operating system used. However, he/she undertakes to use systems and procedures to guarantee a high level of security. The User/MClub Member guarantees to adopt the necessary security measures to minimize the risks of destruction and loss, even accidental, of the data, unauthorized access or processing that is not permitted or does not conform to the purposes of data distribution by MONEYHOUSE.
  4. MClub Member Verification. The User/MClub Member is responsible for verifying the suitability of the Services in relation to the use he/she intends to make of them and their intended purpose.

ARTICLE 4 - Membership Fee

  1. Amount of the Fee. The amount of the Membership Fee and the relevant payment methods are specifically indicated on the Website in the appropriate section.
  2. Payment Terms. The User/MClub Member, at the same time as the Membership Request, is obliged to pay the Membership Fee by online payment or bank transfer. In case of bank transfer the payment must be made no later than 24 (twenty-four) hours from the date of sending the Membership Request. In any case MONEYHOUSE will be able to validate the Membership in MClub only at the moment of the actual crediting in currency of the payment. The User/MClub Member will be able to speed up the registration process by sending via email (mclub@moneyhouse.vip) a copy of the payment confirmation highlighting the relative CRO or VCY number. The costs and commissions relating to the execution of the payment shall be borne by the User/MClub Member. If MONEYHOUSE Sh.p.k. is charged for the payment, the registration will not be carried out until the reimbursement is received.
  3. Renewal Payments. The MClub Member who intends to maintain his or her MClub Membership status and the resulting rights, including access to the Reserved Area, must pay the Registration/Renewal Fee no later than January 10th of each year following the first year of membership.

ARTICLE 5 - Investment Participation

  1. MClub Member's right. The MClub Member acquires the right to participate in the investments made by MONEYHOUSE and the profit thereof.
  2. Call to Investments. MONEYHOUSE communicates to the MClub Member, also through publication in the Restricted Area, the real estate projects in which it intends to participate and for which it intends to raise funds from Mclub Members.
  3. Participating in Investments. The MClub Member who wishes to respond to the "Call" must inform MONEYHOUSE through the tools made available to him/her by MONEYHOUSE within the Restricted Area. MONEYHOUSE will enter into an appropriate Financing Contract with the MClub Member.

ARTICLE 6 - Duration, Revocation and Suspension

  1. Temporal Effectiveness. These General Conditions of Use come into force from the date of membership/renewal in MClub by the User/MClub Member and are renewed annually subject to the fulfilment of the requirements set out in this Contract.
  2. Suspension and Termination by MONEYHOUSE. MONEYHOUSE Sh.p.k. has the right to terminate unilaterally and at any time this Agreement, or to suspend unilaterally and at any time the provision of the Services by notifying the MClub Member with at least 3 (three) days notice, by email, in the following cases:
  • in case of changes, due to laws, regulations, administrative acts, jurisprudential interpretations or other, of the Regulations applicable to the MONEUHOUSE Services, which make the continuation of the relationship impossible or difficult;
  • if the MClub Member goes into liquidation or undergoes any kind of judicial or extrajudicial insolvency proceedings. In such cases, the MClub Member shall not have the right to any reimbursement, indemnification or compensation of any residual fees for the MONEYHOUSE Services not used;
  • in the event that the MClub Member is in default, after 15 (fifteen) days from the date of receipt of the notice to comply received from MONEYHOUSE, of its obligations to pay the Annual Membership Fee as defined above;
  • if the MClub Member has not responded to any "Call" (Art. 5, paragraph 3) for the year in which his/her Membership in MClub is considered valid.

ARTICLE 7 - Declarations and Guarantees

  1. Personal Suitability. The User/MClub Member declares and guarantees that he/she is in possession of the full physical, mental and legal faculties necessary to enter into this Contract and that he/she has the necessary facilities and means for the correct use of the Services, that he/she is familiar with their characteristics and has the full technical and technological knowledge and capacity for their correct use.
  2. Guarantee of Use. The User/MClub Member guarantees compliance with the prescriptions contained in these General Conditions of Use. The User/MClub Member, furthermore, commits to use the Services exclusively in relation to the personal context or his/her own activity and in any case not to perform any act aimed at allowing third parties the undue use of the Services provided by MONEYHOUSE Sh.p.k..

ARTICLE 8 - Obligations and Liability

  1. MONEYHOUSE does not assume, except in cases of fraud and gross negligence, any responsibility for any delays in the delivery of Services, errors and damages of any nature whatsoever suffered by the User/MClub Member and/or its assignees in relation to the Services provided to the User/MClub Member.
  2. The User/MClub Member expressly declares that all the information, documents and data delivered to MONEYHOUSE for the execution of this Agreement are true and that he/she is the owner or is in legitimate possession of them for the offices he/she has held, also thanks to eventual Powers of Attorney or Delegation, of which he/she will provide proof upon simple request of MONEYHOUSE together with the Delegator Identification Document, and he/she undertakes to indemnify and hold MONEYHOUSE Sh.p.k. from any legal action arising from misappropriation or misrepresentation.
  3. MONEYHOUSE, therefore, assumes no responsibility for any use by the User/MClub Member and/or its assignees of the Services for purposes not in accordance with those for which they are intended. MONEYHOUSE does not assume, moreover, any responsibility or obligation for eventual damages and expenses suffered by the User/MClub Member and/or its assignees as a consequence of the exercise of the right of withdrawal/suspension of the Service granted to MONEYHOUSE according to the present General Conditions of Use.

ARTICLE 9 - Confidentiality, Privacy and Prohibition of Resale

  1. Confidentiality. The User/MClub Member agrees to keep confidential the information received from MONEYHOUSE in the performance of the Services, the codes and access keys related to the Restricted Area of the Website, information on methods, programs and/or procedures and any other contractual, technical and illustrative documentation related to his/her relationship with MONEYHOUSE.
  2. Privacy. The User/MClub Member expressly authorizes MONEYHOUSE Sh.p.k. to use her/his personal data, also for marketing purposes, according to the Privacy Policy published on this Website in compliance with Law no. 9887/08 "On the Protection of Personal Data" of the Republic of Albania.
  3. Resale Prohibition. The User/MClub Member agrees not to disclose or resell to third parties for any purpose the Services of MONEYHOUSE for the duration of the present General Conditions of Use as well as after the termination of their effects.

ARTICLE 10 - Final Dispositions

  1. Amendments. MONEYHOUSE Sh.p.k. reserves the right to unilaterally modify and/or update these General Conditions of Use at any time. These GCU are updated as of 01.08.2024.
  2. Force Majeure. MONEYHOUSE Sh.p.k. shall not be liable to the User/MClub Member as a result of any failure or delay in the performance of any of its obligations under these General Conditions of Use that is due to causes of any nature beyond its control, including but not limited to strikes, technical maintenance, fire, flood, acts of authority directly or indirectly affecting the MONEYHOUSE Services and none of such failure or delay shall constitute a breach of contract.
  3. This Agreement shall be considered fully accepted by the Parties when the User/MClub Member has applied for Membership in MClub and has paid the Annual Membership Fee.

ARTICLE 11 - Applicable Law and Jurisdiction

  1. Law. The legal basis for the regulation of the rights and obligations of the Parties is derived from these General Conditions of Use and Law No. 7850 of 29.07.1994 of the "Civil Code of the Republic of Albania".
  2. Jurisdiction. For any dispute between the Parties that may arise from this Contract, the competent body for resolution shall be the Court of First Instance in Tirana (Albania).