Companyprivacypolicy

This privacy policy has been compiled by “Invest in АМ” CJSC (address: Str. Hanrapetutyan 39, 0010 Yerevan, Armenia), hereinafter referred to as “We” or “the Company”. This policy describes how the Company collects, processes, uses and discloses your personal data as a data controller when you contact us, use our services or work with our platforms, such as our website (hereinafter referred to as "Website"). The legislation of Republic of Armenia is the applicable law for this policy. All terms used on this policy and the Website shall be interpreted as defined in Law on “Protection of Personal Data” of the Republic of Armenia (hereinafter referred to as “the Law”). According to the Law, a personal data shall be considered any information relating to a natural person, which allows or may allow for direct or indirect identification of a person's identity.

How do we collect information?

We collect information from you in the following ways:

  • When you fill out forms on our website (hereinafter referred to as “the Forms”),
  • Subscribe to a Newsletter form,
  • When you visit our web site (in this case the information collected via cookies).  

 Any information acquired through the ways mentioned above, is considered Personal Data.

What personal Data do we collect?

We collect the information /Personal data/ requested in the Forms, IP addresses and cookies.

Your personal data is tracked since you fill in the Forms, subscribe to our newsletters and until you unsubscribe from it. IP address and cookies tracking automatically starts from the moment you visit the website.

 You can unsubscribe from newsletter by following “Unsubscribe” link, located in the bottom of the newsletter.

How do we use your Personal Data?

We may use the information we collect from you when you register, sign up for our newsletter or fill in the Form or use certain other site features in the following ways:

  • to send investment related letters to Investors,
  • to contact you about our services, for example by phone, e-mail, by mail or by replying to your soc. network messages,
  • to run advertising campaigns, including those we run with our partners,
  • to allow us to better our service in responding to your customer service requests,
  • to improve our website in order to better serve you.

We may use your personal information to personalize the marketing messages we send you, to make them more accurate and interesting, as it is in the best interests of our business. If necessary, we get your consent first. For this purpose, we may provide you with relevant marketing messages (including email, mail, phone, text message, or online advertising) as well as services offered by our partners. As part of all this, online advertising can be displayed on the Website, and on our partners' websites, as well as on online media. We determine the effectiveness of our marketing messages, as well as those of our partners.

The information provided by you will be aggregated into a protected database which is updated each time we receive update on the information. As soon as you send your request to unsubscribe from our newsletter, your personal information will be kept in the unsubscribed list.  

We agree to the following:

  • not to use false or misleading subjects or email addresses,
  • identify the message as an advertisement in some reasonable way,
  • monitor third-party email marketing services for compliance, if one is used,
  • honor opt-out/unsubscribe requests quickly,
  • allow users to unsubscribe by using the link at the bottom of each email.

How do we protect your information?

Your personal information is contained behind secured networks and is only accessible to a limited number of persons (employees of the Company) who have special access rights to such systems and are required to keep the information confidential.

We use physical, technical, and administrative security measures to protect your personal data from unauthorized access, use, alteration, or destruction. However, no website can provide complete protection and we cannot be liable for any unauthorized or unintentional access not within our control.

What are 'cookies'?

Cookies are small files that a site or its service provider transfers to your computer's hard drive through your Web browser (if you allow) that enables the site's or service provider's systems to recognize your browser and capture and remember certain information. They are to help us understand your preferences based on previous or current site activity, which enables us to provide you with improved services. We also use cookies to help us compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future.
We use cookies to:

  • Understand and save user's preferences for future visits.
  • Keep track of advertisements.
  • Compile aggregate data about site traffic and site interactions in order to offer better site experiences and tools in the future. We may also use trusted third-party services that track this information on our behalf.

You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your browser settings. 

 We honor Do Not Track signals and Do Not Track, plant cookies, or use advertising when a Do Not Track (DNT) browser mechanism is in place.

 If you turn cookies off, some features will be disabled. It won't affect the user's experience that make your site experience more efficient and may not function properly.

Third-party disclosure

We do not sell, trade, or otherwise transfer to outside parties your Personal Data unless we provide users with advance notice. This does not include website hosting partners and other parties who assist us in operating our website, conducting our business, or serving our users, so long as those parties agree to keep this information confidential. We may also release information when its release is appropriate to comply with the applicable legislation, enforce our site policies, or protect ours or others' rights, property or safety. It's also important to note that we do not allow third-party behavioral tracking.

However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Third-party links

We may include or offer third-party products or services on our website.

Google

Google's advertising requirements can be summed up by Google's Advertising Principles. 

We use Google AdSense Advertising on our website.

Google, as a third-party vendor, uses cookies to serve ads on our site. Google's use of the DART cookie enables it to serve ads to our users based on previous visits to our site and other sites on the Internet. Users may opt-out of the use of the DART cookie by visiting the Google Ad and Content Network privacy policy.


We have implemented the following:

  • Remarketing with Google AdSense
  • Google Display Network Impression Reporting
  • Demographics and Interests Reporting
  • DoubleClick Platform Integration

 We, along with third-party vendors such as Google use first-party cookies (such as the Google Analytics cookies) and third-party cookies (such as the DoubleClick cookie) or other third-party identifiers together to compile data regarding user interactions with ad impressions and other ad service functions as they relate to our website.

Opting out:
Users can set preferences for how Google advertises to you using the Google Ad Settings page. Alternatively, you can opt out by visiting the Network Advertising Initiative opt out page or by using the Google Analytics opt out Browser add on.

Users can visit our site anonymously, i.e. no other personal information will be used and tracked except cookies.

We reserve a right to change the Privacy Policy unilaterally at any time without prior notice.

You will be notified of any Privacy Policy changes via email if you are subscribed to a newsletter.

Termsofservicesprovidedby"InvestinAM"CJSC

General user, investor and importer of Armenian goods

General conditions of services provided by "Invest in AM" CJSC  

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: you

3. Website: Company website

4. Buyer / Investor:  A person wishing to make an investment in the investment project or to purchase the export goods registered on the Site

 

1. SUBJECT OF SETTLEMENT OF CONDITIONS

1.1 These Terms (hereinafter referred to as the Terms) define the relationship between the Company as an electronic communications service provider and users of the platform (both parties), as well as the main terms of use of the Site, the liability of the Parties, intellectual property issues, privacy policy, rights and obligations of the Parties.

1.2 The company is not an operator of the e-commerce platform, but poses a platform that provides the establishment of electronic communication between third parties through the provision of various services.

1.3 The legal relations arising from each type of services provided by the company are regulated by separate separate conditions.

1.4 Terms is a public offer (offer), which is considered accepted by the Client (acceptance).

1.5 Under the terms, the legal relationship between the Parties originates/enters into force upon receipt or acceptance of the Client's Acceptance by the Company, which shall, from that date, be deemed to be an agreement between the Parties.

1.6 Acceptance of the Terms (Acceptance) by the Client means its acceptance of the Terms of Use and Privacy Policy.  

 

2. CONFIDENTIALITY OF INFORMATION

2.1 The Client is obliged to maintain the confidentiality of the information made available to him by the Company during the provision of the Service. Confidential information means any information that the Company provides to the Client in written, oral, electronic or any other form relating to the agreement between the Parties, including factual analytical data, conclusions, materials, including but not limited to notes. Documentation and correspondence, except for information that according to the current acts of the Republic of Armenia can not be considered confidential information.

2.2 The Company is obliged to maintain the confidentiality of any information received by the Client, which the latter provides in writing, orally, electronically or in any other form, marked "confidential".

2.3 Information requested by the competent state bodies within their competence may be provided only when the obligation to publish is directly defined by law, provided that the Client must notify the Company in advance of the request to be made, which must be submitted in accordance with applicable law. In order to meet the requirements of this paragraph, the request must be provided to the Company in writing; it must have a reference to a provision of the law by which the executor is obliged to provide the information, as well as all the necessary characteristics of the required information.

2.4 The Company has the right to publish successful transactions of the Client and Buyer/Investor indicating the dates of their conclusion. These publications can pursue any commercial purpose, including advertising and marketing.

2.5 The Company reserves the right to post the Client's company name and trademark on the Website, unless otherwise agreed by the Parties.  

2.6 The Company has access to the communication between the Client and Investor/Buyer.

 

3. THE RESPONSIBILITY OF THE PARTIES

3.1 The parties are obliged to compensate the damages caused to each other by the Conditions in the manner prescribed by the legislation of the Republic of Armenia.  

3.2 The Client is aware that any e-mail message carries the risk of interference by third parties. The Client realizes that the information sent to him by the e-mail address authorized by him may be made available to third parties for reasons beyond the control of the Company. The Client acknowledges that the Company is not liable for any damages incurred by the Client, which may occur as a result of delay in receiving the information for the above reasons or making the information available to third parties for reasons beyond the Company's control or through no fault of the Company.

3.3 The liability of the company is limited to the compensation of damages caused through its fault during the provision of the Services, provided that the circumstance and amount of damages are approved in accordance with the RA legislation. In any case, the general liability of the Company for damages incurred in connection with the Services is limited to the amount received as a result of the provision of the Service under the Terms.

3.4 The company is not responsible for accidental deletion of information from the Site.  

3.5 The Company is not responsible for the infringement of the intellectual property rights arising from the end users or any other third party from the materials posted or transmitted on the Site or from the advertisements placed on the Site.

3.6 The Company is not responsible for the information posted on the Website by third parties, the content of the document transmitted through the Website, as well as for liabilities arising between third parties through the transfer.

3.7 The Company shall not be liable for any damages incurred by the Client if they have occurred as a result of the Client's actions, including but not limited to using the Website and/or the Services provided in a manner contrary to the Company's requirements.

3.8 The Company is not liable for any damages incurred by the Client as a result of improper provision of the necessary information or documents by the Client, refusal to provide them and/or providing unreliable, inaccurate, false or misleading information.

3.9 The Company posts on the Website the information provided by the Clients, the investment plans, the description of the products as their description is provided to the Company and the latter is not responsible for the quality of the product or the success of the investment program. The company is also not responsible if the above programs or product descriptions are exaggerated from a marketing point of view by other Clients.

3.10 The Client is responsible for all costs, losses and damages incurred by the Company as a result of non-performance or improper performance of its obligations.

 

4. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

4.1 The company has the right to:

4.1.1 Include or offer third party products or services on its Website.

4.1.2 Check the accuracy of the data and reports provided by the Client.

4.1.3 Check the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

4.1.4 Require the client to translate the documents submitted in foreign languages into Armenian, in cases defined by law, with notarization.

 

4.2 The Client has the right to:

4.2.1 Use any of the services offered on the Site in the prescribed manner.

 

4.3 The Client is obliged to:

4.3.1 Refrain from actions that are aimed at publishing, uploading or otherwise disseminating false, misleading information, as well as violating the requirements of the RA legislation.

 

5. TERMINATION OF RELATIONS BETWEEN THE PARTIES, THE PROCEDURE FOR CHANGING THE TERMS

5.1 The Company terminates the provision of the Services in case the Client requests so which results in the removal of the submitted products, news posts, investment project. In this case, the amount already charged for the service is not refundable.

5.2 In the event that the Company finds that the Client intentionally posts false information on its Website or does not provide supporting evidence at the request of the Company or does not pay the fees set forth in the Terms, the Company reserves the right to take down the registered products, investment projects, news posts from the webpage or delete the user’s account. In case of such measures, the company has the right to keep the payments paid to it as compensation for the damage caused.

5.3 Terms may be changed unilaterally by the Company. The Company notifies the Client about the mentioned changes no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.

 

6.  INTELLECTUAL PROPERTY

6.1 All information contained on the Site including, but not limited to, the Website Design, Videos, Texts, Graphic Images, Logos, Software, is the property of the Company or its Clients or they are licensed to use them. The above-mentioned intellectual property objects are protected in accordance with the RA legislation.

6.2 No Services provided by the Company may be reproduced, duplicated, resold or resold without the express written consent of the Company.

 

7. OTHER PROVISIONS

7.1 Disputes and disagreements between the client and company are resolved by the Court of General Jurisdiction of the city of Yerevan, unless otherwise agreed by the Parties and or by the requirements of the imperative norms of the RA legislation.

7.2 The relations between the parties are regulated in accordance with the legislation of the Republic of Armenia.  

7.3 The Armenian version of the Terms takes precedence over the other language versions.

 

PERSONAL DATA PROTECTION POLICY

This Privacy Policy was developed by Invest in AM CJSC (hereinafter referred to as "We" or "Company") (address: 39 Hanrapetutyan St. 0010 Yerevan, Armenia).

This policy describes how the Company collects, processes, uses and discloses your personal information as a data processor when you contact the Company, use its services or work with its platforms, such as the Website.  

This privacy policy is governed by the laws of the Republic of Armenia.  

The policy terms used on the Website are set forth in the RA Law on Personal Data Protection (hereinafter referred to as the Law).  

By law, personal data is any information about a natural person that allows or may allow the direct or indirect identification of that person.

 

1. THE DATA COLLECTED BY THE COMPANY

  • Your or your contact person’s name, surname, patronymic, address.
  • Your or your contact person’s phone number.
  • Your IP address.
  • Payment method information.
  • Identification information and/or documents that may contain passport data, social card, VAT, state registration, etc.
  • Your email address.
  • Corporate and financial information provided when completing the application.
  • Any other information provided to the Company allowing it to identify the person in any way.

 

2. MEANS AND METHODS OF COLLECTION OF PERSONAL DATA

  • Client data is collected by the following means:
  • When you fill out the bids posted on the Website (hereinafter referred to as "Bids"),
  • Subscribe to news,
  • Visiting the Website (in this case the information is stored in the "Cookies" section).

The company collects the information (personal data) stored in the "Cookies" section of the IP addresses required by the applications. Your personal information becomes available from the moment you fill out an application, subscribe to the news, until the moment you terminate your subscription.

By completing the application posted on the site and subscribing to the news, it is considered that you have given your consent to the processing of personal data. Your consent is the legal basis on which the Company processes your data.

Receiving data from IP addresses in the "Cookies" section, their storage starts automatically the moment you visit the Website.

 

3. OBJECTIVES OF PERSONAL DATA USE

  • Your personal information may be processed for the following purposes:
  • For sending newsletters to investors,
  • To contact you about our services, for example by phone, e-mail, messages to the social networks,
  • To organize advertising campaigns, including those carried out by the Company together with its partners,
  • To ensure the quality of service that meets Client requirements,
  • To improve the quality of service to improve the site.

Your personal information can be processed to personalize the marketing messages you send, to make them more accurate, as it is in the best interests of the Company. If necessary, the Company first obtains your consent. For this purpose, the Company provides you with relevant marketing messages (including mail, phone calls, text message or online advertising) about both the services offered by it and its affiliates. Online advertising can be displayed on the Website and partner's websites as well as online media. The company determines the effectiveness of its marketing messages, as well as those of its partners.

The information you provide is stored in a database, which is updated each time you receive new information. Immediately after you submit your subscription termination request, your personal information will be stored in the list of terminated subscribers for a period of 5 (five) years.

You can unsubscribe by clicking the "Unsubscribe" link at the end of the news.

 

4. FORMS OF PROTECTION OF YOUR DATA

Your personal information is stored on secure networks and only available to a limited number of people (Company employees) who have special access rights to the systems and are required to maintain the confidentiality of such information.

The Company uses physical, technical and organizational security measures to protect your personal data from unauthorized access, use, alteration or destruction. However, no website can provide complete protection. The Company cannot be held responsible for any unauthorized or unintentional access to its control.

 

"Cookies" section.

Cookies are small files that a website or service provider sends to your computer's hard drive via a web browser (with your permission), which allows the website or service provider's systems to recognize your browser, track and remember certain information: They help you understand your preferences based on your past or current activities on the Site, which in turn allows you to improve the quality of the services you provide. The company also uses "cookies" to complete data on the use of the site, the number of visits, which helps to improve the site and develop new tools.

You can choose to have your computer notify you whenever a "Cookie" is sent by the Website, or simply turn off all cookies. This is done through browser settings.

The company accepts "Do not follow" signals, does not track your browser, does not send "cookies" or uses them for advertising purposes, if the browser's "Do not follow" mechanism is activated.

 

Please note that some features of the Site may be disabled for you if you disable cookies.

 

5. PROVISION OF INFORMATION TO THIRD PERSONS

The Company does not sell or otherwise transfer your personal information to third parties without prior notice to you. The third party is not the partners hosting the Site, but other persons who assist the Company in the operation of the Site, the implementation of activities, user service, provided that the said persons are obliged to maintain the confidentiality of this data.

The Company may also disclose the data in cases prescribed by law for the purposes of enforcing the Site policies, protecting the Company or other persons' rights, property or security. It should be noted that the Company does not allow any third party to conduct user research on the Site.

However, non-personal Client information may be provided to other persons for marketing, advertising or other purposes.

 

Google:

Google Advertising Requirements are governed by the Google Advertising Principles. The site uses Google AdSense Advertising. As a third party vendor, Google uses cookies to place ads on the Site. The "DART cookie" used by "Google" allows the users of the Site to submit announcements based on previous visits to the Site, as well as visits to other Internet sites. Users can opt out of the DART cookie by visiting the Google Ads and Partner Network Privacy Policy.

 

The steps taken by the company are:

  • Advertising to site visitors through Google AdSense (remarketing),
  • Presentation of information on the number of views of "Google Display Network" links (impression reporting),
  • Presentation of information on demographic data and interests,
  • Import of "DoubleClick Platform".

The company, in conjunction with third-party vendors (such as Google), uses the first (such as Google analytics cookies) and the third (such as DoubleClick cookies)-party cookies or other third-party identifiers for collecting data on the use of advertisements by users and Other advertising functions associated with the Site.

 

6. TERMINATION OF PARTICIPATION

Users can select their Google Ads from the Google Ad Settings page. You may also opt-out of advertising through the Network Advertising Initiative Opt Out page or through the Google Analytics Opt Out browser application. Users can visit our Website anonymously. In this case, no personal information is collected other than the registered "Cookies".

 

7. YOU HAVE THE RIGHT

  • Apply for verification of your personal information. In this case, the Company is obliged to correct the relevant data immediately, but not later than within one month.
  • Require the company to delete the processed personal data if the reasons for processing the personal data and the purposes for which the personal data was originally collected have been exhausted.
  • Use your personal data on any other platform, including copying or otherwise transferring it from the Company platform.
  • Request to stop processing your personal data at any time. In this regard, it should be borne in mind that discontinuation of the processing of personal data may lead to the suspension of certain actions, or the inability to use some of the services offered by the Site in general.

 

8. CHANGES

The Company reserves the right to unilaterally change this Privacy Policy at any time without prior notice. You will be notified of changes by email if you subscribe to the news. Personal data protection if the policy changes, the date of the last change will also be updated, so those who are not subscribed to the news are encouraged to check the Site from time to time for possible changes.

 

 

Businesses submitting investment offers

Terms of investment program registration services provided by "Invest in AM" CJSC on its website  

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: you

3. Webpage: Company webpage

4. Buyer/Investor: A person wishing to invest in an investment project registered on the webpage

5. Deal: Any commercial agreement between the Client and Buyer/ Investor, including but not limited to transactions related to investments in the authorized capital, full purchase, sale of shares, stocks, bonds, sale of assets  

6. Investment: Under the terms and conditions, an investment is any type of asset, including but not limited to:  

  • cash,
  • movable real estate, any property right, including the right of pledge, mortgage,
  • shares, bonds, shares, or any other form of participation in the company;
  • the right to claim the amount, or the execution of any transaction of financial significance,
  • Intellectual property rights, including but not limited to trademark, trade name, patent license for invention, utility, industrial design, know-how,
  • Business permits defined by law or contract, including search, development, export of natural resources
  • Restructuring, in particular balance sheet mergers with another company, etc.

 

1. GENERAL CONDITIONS

1.1 The subject of regulation of these conditions is the Client’s investment project utilizing the Company as an electronic communications service provider, the procedure and conditions for registering on the webpage, submission of the reports on investments in the registered program, as well as any other relations arising from the above.

1.2 According to the terms and conditions, through its webpage the Company provides the Client electronic communication services related to the registered investment project, in particular, provides its platform (Webpage) for investment program registration and communication with the Buyer/Investor, while the Client pays for those services.  

 

2. INVESTMENT PROGRAM REGISTRATION AND PROVISION OF INFORMATION

2.1 The client registers the investment program on the Webpage, fills in the information required by the Company.  

2.2 The investment program is registered on the Webpage for a period of 1/one/year.

2.3 Within 3 working days, the company verifies the application submitted by the Client, the content of the information contained therein, as a result confirms the application submitted by the Client, registers the investment program, or rejects it without any additional justification. In case of refusal to register the investment program, the fee stipulated in the Terms will not be charged by the Company.

2.4 During the period of the investment program being registered on the Webpage, the Client can update the data submitted by him, including changing the pictures, the description of the investment program, the required investment amount, etc., by contacting the Site Administrator.

2.5 The Site Administrator has the right to reject the edits request if the edits are not realistic.

2.6 Within 3 months after the approval of the investment registration application submitted by the client, the latter is obliged to fill in the sample business plan required by the Company. The company can assist the Customer in completing the sample form. In case of non-fulfillment of the mentioned obligation within the established period, the Company has the right to take down the investment program from the webpage, keeping the already collected payment.

2.7 The company has the right to demand from the Client at any time proof of the information provided by the latter. The client provides the Company with the evidence within 3 (three) working days after receipt of the relevant request. In case of non-submission of proof within the established period, the Company has the right to take the program down from the webpage, as well as to suspend or delete the Client's user account. In this case, the Company has the right not to return the amount already paid by the Client.

As of terms, the day of concluding the transaction is the day of concluding the final agreement between the Client and the Buyer/Investor.

 

3. REPORTING PROCEDURE, COMMISSION PAYMENT, AND DEADLINES

3.1 The Client is obliged to submit a report on the investments made in the registered investment program (hereinafter referred to as the Report) to the Company in an excel file every six months, before July 5 and January 8 of the given year.

3.2 The report is sent by the Client to the Company from the authorized e-mail address. For the purposes of these Terms, an authorized e-mail address is the e-mail address provided by the Client when registering on the Webpage.

3.3 The Client can be requested to attach to the submitted report his transactions proof with Buyer/Investor.

3.4 The Client is obliged to submit a Report within 5/five/years after the expiration of the term of the investment program registered on the Webpage.

3.5 The Client is obliged to submit the Report within the timeframes specified in point 3.1, even if the investment program has expired on the Site. In case of non-compliance with the requirement of this clause, the Company has the right to charge a penalty in the amount of 300,000 AMD from the Client.

3.6 The report must contain:  

  • Name of the investment program,
  • Type of investment,
  • Investment amount,
  • Date of actual receipt of the investment.

3.7 The Customer is notified about the need to submit the report on July 1, January 4 of the given year.

3.8 In case of non-submission of the report in due time, the Company has the right to delete the investment program from the Website without refunding the paid amount.

 

4. PAYMENT AMOUNTS

4.1 The Client makes the following payments for the registration of the investment program on the Website: (hereinafter referred to as the Registration Fee):

4.1.1 for an investment program worth 4,800,000 to 48,000,000 AMD ($ 10,000- $ 100,000), registration fee of 25.000 AMD, 

4.1.2 for an investment program worth from AMD 48,000,001 to AMD 336,000,000 ($ 100,001 - $ 700,000), registration fee of 35,000 AMD,

4.1.3 for an investment program worth from 336.000.001 to 1.440.000.000 AMD ($ 700.001 - $ 3.000.000), registration fee of  75.000 AMD,

4.1.4 for an investment program exceeding AMD 1,440,000,001 ($ 3,000,001; +), registration fee of 115,000 AMD.

4.2 Registration fee is payable by the Client with ArCa, Visa և MasterCard online payment system. The registration fee is frozen from Client’s card after submitting the application, and is factually charged after the application is approved.

4.3 In addition to the registration fee under clause 4.1, the Client shall pay to the Company the 2% commission fee arising from the transaction between the Client and Buyer/Investor և communication, in particular 2% of the investments made by the Investor in the investment program registered at the webpage.  

4.4 The Commission fee is subject to payment by the Client on the basis of the Investment made by the Buyer / Investor to the Client or to the legal entity established by him. Based on the report, the Company issues a corresponding settlement document by July 10 and January 12 of the given year.

4.5 The settlement document is sent by the Company to the authorized e-mail address of the Individual Client, while legal entities can view it through the e-invoice online platform.

4.6 The Client undertakes to transfer the Commission Fee to the Company by July 15 and January 15 of the given year.

4.7 In case the Client is a physical person and the company where the Investment was made is not registered yet, the Commission fee is paid by the Client based on the actual amount received, and after the registration of that company the Investment is made by deducting the Commission fee paid to the Company.

4.8 The payment obligation set forth in this chapter is valid for the Client also after the expiration of the investment program on the Site.

4.9 When getting acquainted with the investment program through the Company's Website, when making an investment, regardless of the fact that the parties to the transaction contacted each other earlier, or the fact of contacting each other through means other than the Website, the Client is obliged to pay the Commission Fee to the Company.  

4.10 In case of violation of the payment terms defined by this chapter, the Company has the right to demand a penalty from the Customer in the amount of 0.1% of the unpaid amount for each day of the violation.

4.11 The fees defined by this Chapter are charged in AMD, except for fees charged to non-residents, which may also be charged in foreign currency. Interest-denominated payments in foreign currency are levied in AMD, based on the purchase rate of the given foreign currency set by the Central Bank of the Republic of Armenia at the time of collection.

4.12 Terms and conditions include all statutory taxes.

 

5. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

5.1 The company has the right to:

5.1.1 Check the accuracy of the data and reports provided by the Client.

5.1.2 Examine the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

5.1.3 Edit the content of the submitted application to make it stand out in terms of language and style,

5.1.4 Request a copy of the Transaction concluded between the Client and Buyer/Investor to verify the accuracy of the report.

5.1.5 Publish information on Successful Transactions of the Client and Buyer/Investor on its website and in investment catalogues, indicating the dates of their conclusion. These publications may pursue any commercial purpose, including advertising and marketing.

5.1.6 Post on the Website the name of the Client company, the trademark, unless otherwise agreed by the Parties.

5.1.7 View Client and Buyer/Investor Communication Through the webpage.

5.1.8 Remove the investment program from the Site at any time.

5.1.9 Reject the client's request for edits if the edits are not realistic.

5.1.10. In case the Client avoids submitting the report or paying the Commission Fee, inform his/her colleagues about the unscrupulous behavior of the Client.

 

5.2 The company is obliged to:

5.2.1 Check the application for registration of the investment program within three working days.

5.2.2 Notify the Client of the need to submit a Report in the manner prescribed by the Terms.

5.2.3 Place the investment program in Investment Opportunities section of the webpage: www.investin.am.  

 

5.3 The client has the right to:

5.3.1 Communicate with Buyer/Investors.

5.3.2 Update the data submitted by the investment program during its registration on the Site, including changing the pictures, the description of the investment program, the required investment amount, etc., by contacting the Site Administrator.

 

5.4 The client is obliged to:

5.4.1 Pay on time for the Services in the manner prescribed by the Terms.

5.4.2 At any time, in case of concluding a Transaction, inform the Company about the conclusion of such a      

  transaction within 5/five/working days.

5.4.3 In case of such a request by the Company, provide the latter with a copy of the Transaction concluded    

  with the Buyer/Investor within 3/three/working days.

 

6. ADDITIONAL GUARANTEES

6.1 The Client confirms the authenticity and completeness of the data submitted by him.

6.2 The Client realizes that according to the Terms, the registration of the investment program on the Site presupposes exclusivity, in particular, in case of registering the investment program on the Site for the first time, any Investment made in the program during 1/one/year is subject to commission fee payment. This is due to the fact that the Company develops the business sample business plan of the Client and supports its placement on the Website. This exclusivity will no longer apply with the Company five years after registration on the Site.

6.3 The Client realizes that contacting the Buyer/Investor through another platform to avoid paying the Commission Fee is the Deed is considered a violation of these rules. In case of committing such a violation, the latter, in addition to paying the Commission Fee in accordance with Chapter 4 of the Terms, shall also be obliged to pay a penalty in the amount of 20% of the Communication Fee.

6.4 The Client undertakes to refrain from actions that are aimed at publishing, uploading or otherwise disseminating false, misleading information, such as information that violates the requirements of the RA legislation.

6.5 The Client is aware that the submission of untrue information may result in appropriate consequences, including the blocking of its User Access to the Site and / or the cancellation of the Investment Project.

6.6 In the event of a dispute or dispute with another Client of the Company, the Client exempts the Company from all types of issues arising from that dispute, including claims for damages.

6.7 The issues of liability arising from these legal relations are regulated by the general terms of the Site.

 

7. DISPUTE SETTLEMENT PROCEDURE AND APPLICABLE LEGISLATION

7.1 Disputes and disagreements between the Company and Client are resolved through negotiations, and in case of disagreement, in court. Dispute resolution is subject to the courts of the Republic of Armenia, unless otherwise provided by a separate agreement of the Parties and/or by the requirements of the imperative norms of the RA legislation.

7.2 The legislation of the Republic of Armenia is applicable to the legal relations arising between the parties.

 

8. CONDITION OF CHANGE OF CONDITIONS AND TRANSITIONAL PROVISIONS

8.1 The Armenian version of the Terms is preferred to the versions in other languages.

8.2 Legal Relations between the Parties Under the Terms, but with respect to provisions other than the latter, may be governed by the conclusion of a separate contract or agreement, which may be agreed upon by the Parties at any stage of the Service.

8.3 Terms may be changed unilaterally by the Company, by being made available on the Company Website. The Company notifies the Client of the changes to the mentioned document no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.

 

Businesses submitting news for promotion

Terms regulating the process of posting news on the website of "Invest in AM" CJSC

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: Anyone submitting a news application

3. Website: Company website

 

1. GENERAL CONDITIONS

1.1 These Terms and Conditions govern the Client's posting of any kind of news on the Website and the legal relations arising from it.

1.2 According to the terms and conditions, the Company posts the news submitted by the Client on its Website, and the Client pays for the posting of the news.  

 

2. APPLICATION PROCEDURE AND APPLICATION REQUIREMENTS

2.1 The Client includes the text of the news in the content of the request to post the news, which must be true, can not contain any political context or sale/purchase announcement.

2.2 The news can be about starting a new company, creating a new product, increasing export limits, or it should contain other similar content.

2.3 Within three working days, the company verifies the application submitted by the Client, the content of the information contained in it, as a result, confirms the application submitted by the Client and posts the news on the website, or rejects the application without any additional justification.  

2.4 In case of rejection of the application for posting the novelty, the fee defined by the Terms will not be charged by the Company.

2.4 The news is kept on the Site for an unlimited period.

 

3. PAYMENTS

3.1 The cost of posting the news submitted by the Client on the Website is 36.900 /thirty-six thousand nine hundred / AMD.

3.2 Registration fee is payable by the Client with ArCa, Visa և MasterCard online payment system. The registration fee is frozen from the Client’s card after submitting the application, and is actually charged only after the application is approved.

3.3 The fee specified in this Chapter shall be charged in AMD, except for fees charged to non-residents, which may also be charged in foreign currency. Interest-denominated payments in foreign currency are levied in AMD, based on the purchase rate of the given foreign currency set by the Central Bank of the Republic of Armenia at the time of collection.

3.4 Terms and conditions include all statutory taxes.

 

4. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

4.1 The company has the right to:

4.1.1 Check the accuracy of the data provided by the Client.

4.1.2 Check the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

4.1.4 Edit the content of the submitted application to make it stand out in terms of language and style.

4.1.5 Require proof from the Client at any time to substantiate the information provided by the latter. The Client provides the Company with the evidence within 5 working days after receiving the relevant request. In case of non-submission of proof within the established period, the Company has the right to take down the news post from the webpage, as well as to suspend or delete the Client's user account. In this case, the Company has the right not to return the amount already paid by the Client.

4.1.6 Post the Client's company name and trademark on the website, unless otherwise agreed by the Parties.

4.1.7 Request the submitted material in other languages.

 

4.2 The company is obliged to:

4.2.1 Check the news application within three working days.

4.2.2 Maintain the confidentiality of the data provided under the General Conditions in order.

4.2.3 Post the approved news in the News section of the website www.investin.am, as well as on the company's Facebook page within two months after the approval of the application.  

 

4.3 The Client is obliged to:

4.3.1 Timely pay for posting news in accordance with the terms and conditions.

4.3.2 Follow the rules of using the Website.

4.3.3 Do not submit false or unreliable information, but only post news that is true.

 

5. ADDITIONAL GUARANTEES

5.1 The Client confirms the authenticity and completeness of the data submitted by him.

5.2 The Client undertakes to refrain from actions aimed at publishing, uploading or otherwise disseminating false, misleading information, such as information that violates the requirements of the RA legislation.

5.3 The Client realizes that the submission of untrue information may lead to appropriate consequences, including deletion of the news posted from the Site, or blocking of his user account without refund.

5.4 In the event of an issue or dispute with another Client of the Company, the Client exempts the Company from all types of disputes arising out of that dispute, including claims.

5.5 The issues of liability arising from these legal relations are regulated by the general terms of the Site.

 

6. DISPUTE SETTLEMENT PROCEDURE AND APPLICABLE LEGISLATION

6.1 Disputes and disagreements between the Company and Client are resolved through negotiations, and in case of disagreement, in court. Dispute resolution is subject to the courts of the Republic of Armenia, unless otherwise provided by a separate agreement of the Parties and/or by the requirements of the imperative norms of the RA legislation.

6.2 The legislation of the Republic of Armenia is applicable to the legal relations arising between the parties.

 

7. CONDITION OF CHANGE OF CONDITIONS AND TRANSITIONAL PROVISIONS

7.1 The Armenian version of the terms takes precedence over the other language versions.

7.2 Legal Relations between the Parties Under the Terms, but with respect to provisions other than the latter, may be governed by the conclusion of a separate contract or agreement, which may be agreed upon by the Parties at any stage of the Service.

7.2 Terms may be changed unilaterally by the Company by being made available on the Company Website. The Company notifies the Client of the changes to the mentioned document no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.

Basic partnership package

Terms of investment program registration services provided by "Invest in AM" CJSC on its website  

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: you

3. Website: Company website

4. Investor: A person wishing to invest in an investment program registered on the site

5. Buyer: Anyone who has taken action to purchase / import products registered on the Site

6. Deal: Any commercial agreement between the Client and the Investor, including, but not limited to, transactions related to investments in authorized capital, full purchases, sale of shares, stocks, bonds, sale of assets 

7. Export deal: Transaction to purchase products registered on the site, which is concluded between the Client and Buyer

8. Investing: Under the terms and conditions, an investment is any type of asset, including but not limited to:  

• cash,

• Movable real estate, any property right, including the right of pledge, mortgage,

• shares, bonds, shares or any other form of participation in the company;

• the right to claim the amount, or the execution of any transaction of financial significance,

• intellectual property rights, including but not limited to the trademark

• brand name, patent license for invention, utility right, industrial design, know-how,

• Business permits defined by law or contract, including search, development, export of natural resources

• Restructuring, in particular balance sheet mergers with another company, etc.

 

1. GENERAL CONDITIONS

1.1 The subject of these terms and conditions is the relationship between the Company and the Client within the framework of the services provided by the Company in the scope of the "Basic Partnership Package".

1.2 The total cost of purchasing the "Basic Package" is 219,000 AMD, which includes the following services:

1.2.1 Up to 2 free news posts within a year, which will be circulated through "Invest in Armenia" newsletter within 500 active investors operating in Armenia,

1.2.2 Free use of the export potential calculator operating on the site,

1.2.3. Free registration of export products in the export catalog,

1.2.4. Free placement of the Client's trademark in the "Partners" section of the Website,

1.2.5 1 Free registration of 1 investment project,

1.2.6 Assistance provided by the Company in acquiring up to 2 foreign partners.

 

2. PROCEDURE FOR PURCHASING THE PACKAGE, CONDITIONS FOR USING THE INCLUDED SERVICES

2.1 The Client registers the required information on the Website.  

2.2 Within 10 (ten) working days, the company checks the application submitted by the Client, the content of the information contained in it, as a result confirms the application submitted by the Client, registers the latter's page under the "Basic Package", or rejects it without any additional justification.

2.3 After the application is approved, the Company issues a corresponding settlement document, on the basis of which the cost of the package is paid by the Client. After registering the package, the Client must open a personal user account and apply to the Site Administrator to use the services included in the package free of charge.

2.4 The Services can be used by the Client only by contacting the Site Administrator. The latter registers the Investment Project, Export product or news post based on the application submitted by the Client. The export potential calculator is also used by the Client by contacting the Site Administrator.

 

Investment project registration.

2.5 To register an investment project, the Client applies to the Site Administrator. The latter checks the investment project within 10 working days, on the basis of which it either registers it or rejects the application for registration of the program.

2.6 For the investment project term period on the Site, the Client can update the data submitted by him, including changing the pictures, the description of the investment program, the required investment amount, etc., by contacting the Site Administrator.

2.7 The Site Administrator has the right to reject the edits requests if the edits are not realistic.

2.8 Within 3 months after the approval of the application submitted by the Client, the latter is obliged to fill in the sample business plan required by the Company. The company can assist the Client in completing the sample form. In case of non-fulfillment of the mentioned obligation within the established period, the Company has the right to delete the investment program from the site.

 

Registration of export products.

2.9 To register the export product, the Client applies to the Site Manager. Export products are registered in the catalogue free of charge.

Posting news post.

2.10 The Client includes the text of the news post in the content of the announcement which must be true, can not    

 contain any political context or sale / purchase announcement.

2.11 The news can be about starting a new company, creating a new product, increasing export limits, or it    

 should contain other similar content.

2.12 According to the content of the submitted news, the Company has the right to refuse the posting of the

 announcement on the Website without additional explanation.

2.13 The announcement is kept on the Website for an indefinite period.

2.14 The company has the right to demand from the Client at any time proof of the information provided by the    

 latter. The Client provides the Company with the evidence within 5/five/working days after receiving the

 relevant request. In case of non-submission of proof within the established period, the Company has the right

 to take down the news post or to delete it, as well as to suspend or delete the Client's user account. In this    

 case, the Company has the right not to return the amount already paid by the Client.

2.15 In terms of terms, the day of concluding the transaction is the day of concluding the final agreement between

 the Client and the Investor.  

 

3. PROCEDURE FOR SUBMISSION OF REPORT

Investment Program.

3.1 If the Client has registered an investment program, he / she is obliged to submit a report on the investments  

made in the registered investment program (hereinafter referred to as the Report) with an excel file to the Company every six months by July 5 and January 8 of the given year.

3.2 The report is sent by the Client to the Company from the authorized e-mail address. For the purposes of these Terms, an authorized e-mail address is the e-mail address provided by the Client when registering on the Site.

3.3 The Client can be required to attach to the submitted report also the transactions concluded with Investor.

3.4 The Client is obliged to submit a Report within 5 / five / years after the expiration of the term of the investment program registered on the Website.

3.5 The Client is obliged to submit the Report beyond the timeframes specified in point 3.1, even if the investment program has expired to be registered on the Site. In case of non-compliance with the requirement of this clause, the Company has the right to charge a penalty in the amount of 300,000 AMD from the Client.

3.6 The report must contain:

• Name of the investment program,

• Type of investment,

• Investment amount,

• Date of actual receipt of the investment.

3.7 The Client is notified about the need to submit the report on July 1 and January 4 of the given year.

3.8 In case of non-submission of the report in due time, the Company has the right to delete the investment program from the Website without refunding the paid amount.

 

Export products.

3.9 If the Client has registered his product in the export catalogue, the Client is obliged to submit a report on the sales made for the registered product to the Company by April 5, July 5, July 5 and January 8 of the given period (hereinafter referred to as the Report) through excel form.  

3.10 The Client is obliged to submit a Report of the product within 1/one/year after the expiration of the term registered on the Website.

3.11 The Client is obliged to submit the Report beyond the timeframe specified in point 3.1, even if the exported product has expired on the Website. In case of non-compliance with the requirement of this clause, the Company has the right to charge a penalty in the amount of AMD 200,000 from the Client.

3.12 The report must contain:  

• Total units of products sold through webpage,

• The total sum generated from the sales of registered products,

• Date of actual receipt of payment.

 

3.12 The Client is notified about the need to submit a report on April 1, July 1, October 1, January 4 of the given year.

3.13 In case of non-submission of the report within the established period, the Company has the right to delete the export products from the Website without refunding the paid amount.

 

4. COMMISSION FEE PAYMENT AND PROCEDURE

Investment Program.

4.1 The Client pays the Company commission fee based on the transaction between investor and the client, in particular, 2% of the actual Investment made by the Investor.

4.2 The Commission Fee Payment by the Client is subject to payment based on the Investment made by the Investor to the Client or to the legal entity established by him. Based on the report, the Company issues a corresponding settlement document by July 10 and January 12 of the given year.

4.3  The Client undertakes to transfer the Commission Fee to the Company by July 15, January 18 of the given year.

4.4 In case the Client is a natural person and the company where the Investment was made is not registered yet, the Commission fee is paid by the Client based on the actual amount received, and after the registration of that company the Investment is made by deducting the Communication fee paid to the Company.

4.5 The payment obligation set forth in this chapter is valid for the Client after the expiration of the investment program on the Site.

4.6 When getting acquainted with the investment program through the Company's Website, when making an investment, regardless of the fact that the parties to the transaction contacted each other earlier, or the fact of contacting each other other than the website, the Client is obliged to pay the Commission Fee to the Company.  

 

Export products.

4.7 Тhe Client pays to the Company commission fee based on the transaction between the Client and Importer (hereinafter referred to as the Commission Fee) in the amount of 5% of the total value of the product purchased by the Importer.

4.8 In case the value of the product registered on the Site differs from the cost of its purchasing by the Importer, the Commission fee is calculated based on the actual sale value.

4.9 The actual sale price is determined by the report based on the data provided by the Client. However, the Company reserves the right to request a proof of Transaction between the Client and the Importer to verify the submitted report.

4.10 The Commission Payment by the Client is subject to payment after the Payment made by the Importer to the Client or the legal entity established by him, based on the settlement document submitted by the Company. The company issues the mentioned settlement document on the basis of the Report, by April 10, July 10, October 10, January 12 of the given year.

4.11 The Client undertakes to transfer the Commission fee to the Company by April 15, July 15, October 15 and January 18 of the given year, respectively.

4.12 The payment obligation provided for in this Chapter is valid for the Client after the expiration date of the exported product being registered on the Site.

4.13 When contacting through the Company, When making a payment, regardless of whether the parties to the Transaction have previously contacted each other or contacted each other through another platform, the Client is obliged to pay the Commission Fee to the Company.

4.14 In case of violation of the payment terms defined by this chapter, the Company has the right to demand a penalty from the Client in the amount of 0.1% of the unpaid amount for each day of the violation.

4.15 The fees defined by this Chapter are charged in AMD, except for fees charged to non-residents, which may also be charged in foreign currency. Interest-denominated payments in foreign currency are levied in AMD, based on the purchase rate of the given foreign currency set by the Central Bank of the Republic of Armenia at the time of collection.

4.16 Terms and conditions include all statutory taxes.

Other Services

4.17 If, through the Company, the Client has provided services to a third party, the Client shall pay to the Company a communication fee of 10% of the amount paid by the Third-party for the Services provided by the Client

4.18 The Communication Fee is payable by the Client upon receipt of payment by the Third-party for the Services provided by the Client. Based on the report, the Company issues a corresponding settlement document by July 10 and January 12 of the given year.

4.19 The Client undertakes to transfer the Communication fee to the Company by July 15, January 18 of the given year.

 

5. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

5.1 The company has the right to:

5.1.1 Check the accuracy of the data and reports provided by the Client.

5.1.2 Examine the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

5.1.3 Edit the content of the submitted application to make it stand out in terms of language and style.

5.1.4 Request a copy of the transaction concluded between the Client and Buyer/Investor to verify the accuracy of the report.

5.1.5 Publish in investment catalogues information on successful transactions between the Client and Buyer / Investor indicating the dates of their conclusion. These publications may pursue any commercial purpose, including advertising and marketing.

5.1.6 Post on the Website the name of the Client company, the trademark, unless otherwise agreed by the Parties.

5.1.7 View Client and Buyer/Investor Communication Through Webpage.

5.1.8 Remove the investment program or the export product from the Site at any time.

5.1.9 In case the Client avoids submitting the report or paying the Commission fee, inform his/her partners about the unscrupulous behavior of the Client.

 

5.2 The company is obliged to:

5.2.1 Notify the Client of the need to submit a Report in the manner prescribed by the Terms.

5.2.2 Place the investment program in Investment Opportunities section and registered products for export in the Export section of the webpage at www.investin.am.

5.2.3 In the event that the Company's Clients are looking for goods or services within the framework of a partner company's activities, the Company shall present to that Client first the companies who have acquired the partner package.

 

5.3 The Client has the right to:

5.3.1 Communicate with Buyer/Investor.

5.3.2 Use the export potential calculator for free by contacting the Site Administrator.

 

5.4 The Client is obliged to:

5.4.1 Pay on time for the Services in the manner prescribed by the Terms.

5.4.2 In case of concluding an investment transaction, inform the Company about it within 5 / five / working days.

5.4.3 Maintain the terms and conditions of using the services.

 

6. ADDITIONAL GUARANTEES

6.1 The Client confirms the authenticity and completeness of the data submitted by him.

6.2 The Client realizes that according to the Terms, the registration of the investment program on the Site presupposes exclusivity, in particular, in case of registering the investment program on the Site for the first time, any Investment made in the program during 1 / one / year is subject to commission fee payment. This is due to the fact that the Company develops the business sample, business plan for the Client and supports its placement on the Website. This exclusivity will no longer apply five years after registration on the Site.

6.3 The Client realizes that contacting the Buyer/Investor through another platform to avoid paying the Commission Fee and hiding the deed is considered a violation of these rules. In case of committing such a violation, the latter, in addition to paying the Commission Fee in accordance with Chapter 4 of the Terms, shall also be obliged to pay a penalty in the amount of 20% of the Communication Fee.

6.4 The Client undertakes to refrain from actions that are aimed at publishing, uploading or otherwise disseminating false, misleading information, such as information that violates the requirements of the RA legislation.

6.5 The Client is aware that the submission of untrue information may result in appropriate consequences, including the blocking of its User Access to the Site and / or the cancellation of the Investment Project.

6.6 In the event of an issue or dispute with another Client of the Company, the Client exempts the Company from all types of disputes arising from that dispute, including claims for damages.

6.7 The issues of liability arising from these legal relations are regulated by the general terms of the Site.

 

7. DISPUTE SETTLEMENT PROCEDURE AND APPLICABLE LEGISLATION

7.1 Disputes and disagreements between the Company and Clients are resolved through negotiations, and in case of disagreement, in court. Dispute resolution is subject to the courts of the Republic of Armenia, unless otherwise provided by a separate agreement of the Parties and/or by the requirements of the imperative norms of the RA legislation.

7.2 The legislation of the Republic of Armenia is applicable to the legal relations arising between the parties.

 

8. CONDITION OF CHANGE OF CONDITIONS AND TRANSITIONAL PROVISIONS

8.1 The Armenian version of the Terms is preferred to the versions in other languages.

8.2 Legal Relations between the Parties Under the Terms, but with respect to provisions other than the latter, may be governed by the conclusion of a separate contract or agreement, which may be agreed upon by the Parties at any stage of the Service.

8.3 Terms may be changed unilaterally by the Company, available on the Company's Website. The Company notifies the Client of the changes to the mentioned document no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.

 

 

Premium partnership package

Terms of investment program registration services provided by "Invest in AM" CJSC on its website  

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: you

3. Website: Company website

4. Investor: A person wishing to invest in an investment program registered on the site

5. Buyer: Anyone who has taken action to purchase / import products registered on the Site

6. Deal: Any commercial agreement between the Client and the Investor, including, but not limited to, transactions related to investments in authorized capital, full purchases, sale of shares, stocks, bonds, sale of assets  

7. Export deal: Transaction to purchase products registered on the site, which is concluded between the Client and Buyer

8. Investing: Under the terms and conditions, an investment is any type of asset, including but not limited to:  

  • cash,
  • Movable real estate, any property right, including the right of pledge, mortgage,
  • shares, bonds, shares or any other form of participation in the company;
  • the right to claim the amount, or the execution of any transaction of financial significance,
  • intellectual property rights, including but not limited to the trademark
  • brand name, patent license for invention, utility right, industrial design, know-how,
  • Business permits defined by law or contract, including search, development, export of natural resources
  • Restructuring, in particular balance sheet mergers with another company, etc.

 

1. GENERAL CONDITIONS

1.1 The subject of these terms and conditions is the relationship between the Company and the Client within the framework of the services provided by the Company in the scope of the "Basic Partnership Package".

1.2 The total cost of purchasing the "Premium Package" is 329,000 AMD, which includes the following services:

1.2.1 Up to 5 free news posts during 1 year, which will be circulated through "Invest in Armenia" newsletter among 2000 active investors operating in Armenia,

1.2.2 Free use of the export potential calculator operating on the site,

1.2.3. Free registration of export products in the export catalogue,

1.2.4. Free placement of the customer's trademark in the "Partners" section of the Website,

1.2.5  Free registration of up to 3 investment program,

1.2.6 Assistance provided by the company in acquiring up to 5 partners abroad.

 

2. PROCEDURE FOR PURCHASING THE PACKAGE, CONDITIONS FOR USING THE INCLUDED SERVICES.

2.1 The Client registers the required information on the Website.  

2.2 Within 10 (ten) working days, the company checks the application submitted by the Client, the content of the information contained in it, as a result confirms the application submitted by the Client, registers the latter's page under the "Premium Package", or rejects it without any additional justification.

2.3 After the application is approved, the Company issues a corresponding settlement document, on the basis of which the cost of the package is paid by the Client. After registering the package, the Client must open a personal user account and apply to the Site Administrator to use the services included in the package free of charge.

2.4 The Services can be used by the Client only by contacting the Site Administrator. The latter registers the Investment Project, Export product or news post based on the application submitted by the Client. The export potential calculator is also used by the Client by contacting the Site Administrator.

 

Investment project registration.

2.5 To register an investment project, the Client applies to the Site Administrator. The latter checks the investment project within 10 working days, on the basis of which it either registers it or rejects the application for registration of the program.

2.6 For the investment project term period on the Site, the Client can update the data submitted by him, including changing the pictures, the description of the investment program, the required investment amount, etc., by contacting the Site Administrator.

2.7 The Site Administrator has the right to reject the edits requests if the edits are not realistic.

2.8 Within 3 months after the approval of the application submitted by the Client, the latter is obliged to fill in the sample business plan required by the Company. The company can assist the Client in completing the sample form. In case of non-fulfillment of the mentioned obligation within the established period, the Company has the right to delete the investment program from the site.

 

Registration of export products.

2.9 To register the export product, the Client applies to the Site Manager. Export products are registered in the catalogue free of charge.

Posting news post.

2.10 The Client includes the text of the news post in the content of the announcement which must be true, can not contain any political context or sale / purchase announcement.

2.11 The news can be about starting a new company, creating a new product, increasing export limits, or it should contain other similar content.

2.12 According to the content of the submitted news, the Company has the right to refuse the posting of the announcement on the Website without additional explanation.

2.13 The announcement is kept on the Website for an indefinite period.

2.14 The company has the right to demand from the Client at any time proof of the information provided by the latter. The Client provides the Company with the evidence within 5/five/working days after receiving the relevant request. In case of non-submission of proof within the established period, the Company has the right to take down the news post or to delete it, as well as to suspend or delete the Client's user account. In this case, the Company has the right not to return the amount already paid by the Client.

2.15 In terms of terms, the day of concluding the transaction is the day of concluding the final agreement between the Client and the Investor.  

 

3. PROCEDURE FOR SUBMISSION OF REPORT

Investment Program.

3.1 If the Client has registered an investment program, he / she is obliged to submit a report on the investments made in the registered investment program (hereinafter referred to as the Report) with an excel file to the Company every six months by July 5 and January 8 of the given year.

3.2: The report is sent by the Client to the Company from the authorized e-mail address. For the purposes of these Terms, an authorized e-mail address is the e-mail address provided by the Client when registering on the Site.

3.3 The Client can be required to attach to the submitted report also the transactions concluded with Investor.

3.4 The Client is obliged to submit a Report within 5 / five / years after the expiration of the term of the investment program registered on the Website.

3.5 The Client is obliged to submit the Report beyond the timeframes specified in point 3.1, even if the investment program has expired to be registered on the Site. In case of non-compliance with the requirement of this clause, the Company has the right to charge a penalty in the amount of 300,000 AMD from the Client.

3.6 The report must contain:

  • Name of the investment program,
  • Type of investment,
  • Investment amount,
  • Date of actual receipt of the investment.

3.7 The Client is notified about the need to submit the report on July 1 and January 4 of the given year.

3.8 In case of non-submission of the report in due time, the Company has the right to delete the investment program from the Website without refunding the paid amount.

 

Export products.

3.9 If the Client has registered his product in the export catalogue, the Client is obliged to submit a report on the sales made for the registered product to the Company by April 5, July 5, July 5 and January 8 of the given period (hereinafter referred to as the Report) through excel form.  

3.10 The Client is obliged to submit a Report of the product within 1/one/year after the expiration of the term registered on the Website.

3.11 The Client is obliged to submit the Report beyond the timeframe specified in point 3.1, even if the exported product has expired on the Website. In case of non-compliance with the requirement of this clause, the Company has the right to charge a penalty in the amount of AMD 200,000 from the Client.

3.12 The report must contain:  

  • Total units of products sold through webpage,
  • The total sum generated from the sales of registered products,
  • Date of actual receipt of payment.

3.12 The Client is notified about the need to submit a report on April 1, July 1, October 1, January 4 of the given year.

3.13 In case of non-submission of the report within the established period, the Company has the right to delete the export products from the Website without refunding the paid amount.

 

4. COMMISSION FEE PAYMENT AND PROCEDURE

Investment Program.

4.1 The Client pays the Company commission fee based on the transaction between investor and the client, in particular, 2% of the actual Investment made by the Investor.

4.2 The Commission Fee Payment by the Client is subject to payment based on the Investment made by the Investor to the Client or to the legal entity established by him. Based on the report, the Company issues a corresponding settlement document by July 10 and January 12 of the given year.

4.3  The Client undertakes to transfer the Commission Fee to the Company by July 15, January 18 of the given year.

4.4 In case the Client is a natural person and the company where the Investment was made is not registered yet, the Commission fee is paid by the Client based on the actual amount received, and after the registration of that company the Investment is made by deducting the Communication fee paid to the Company.

4.5 The payment obligation set forth in this chapter is valid for the Client after the expiration of the investment program on the Site.

4.6 When getting acquainted with the investment program through the Company's Website, when making an investment, regardless of the fact that the parties to the transaction contacted each other earlier, or the fact of contacting each other other than the website, the Client is obliged to pay the Commission Fee to the Company.  

 

Export products.

4.7 the Client pays to the Company commission fee based on the transaction between the Client and Importer (hereinafter referred to as the Commission Fee) in the amount of 5% of the total value of the product purchased by the Importer.

4.8 In case the value of the product registered on the Site differs from the cost of its purchasing by the Importer, the Commission fee is calculated based on the actual sale value.

4.9 The actual sale price is determined by the report based on the data provided by the Client. However, the Company reserves the right to request a proof of Transaction between the Client and the Importer to verify the submitted report.

4.10 The Commission Payment by the Client is subject to payment after the Payment made by the Importer to the Client or the legal entity established by him, based on the settlement document submitted by the Company. The company issues the mentioned settlement document on the basis of the Report, by April 10, July 10, October 10, January 12 of the given year.

4.11 The Client undertakes to transfer the Commission fee to the Company by April 15, July 15, October 15 and January 18 of the given year, respectively.

4.12 The payment obligation provided for in this Chapter is valid for the Client after the expiration date of the exported product being registered on the Site.

4.13 When contacting through the Company, When making a payment, regardless of whether the parties to the Transaction have previously contacted each other or contacted each other through another platform, the Client is obliged to pay the Commission Fee to the Company.

4.14 In case of violation of the payment terms defined by this chapter, the Company has the right to demand a penalty from the Client in the amount of 0.1% of the unpaid amount for each day of the violation.

4.15 The fees defined by this Chapter are charged in AMD, except for fees charged to non-residents, which may also be charged in foreign currency. Interest-denominated payments in foreign currency are levied in AMD, based on the purchase rate of the given foreign currency set by the Central Bank of the Republic of Armenia at the time of collection.

4.16 Terms and conditions include all statutory taxes.

 

Other Services

4.17 If, through the Company, the Client has provided services to a third party, the Client shall pay to the Company a communication fee of 10% of the amount paid by the Third party for the Services provided by the Client.

4.18 The Communication Fee is payable by the Client upon receipt of payment by the Third party for the Services provided by the Client. Based on the report, the Company issues a corresponding settlement document by July 10 and January 12 of the given year.

4.19 The Client undertakes to transfer the Communication fee to the Company by July 15, January 18 of the given year.

 

5. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

5.1 The company has the right to:

5.1.1 Check the accuracy of the data and reports provided by the Client.

5.1.2 Examine the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

5.1.3 Edit the content of the submitted application to make it stand out in terms of language and style.

5.1.4 Request a copy of the transaction concluded between the Client and Buyer/Investor to verify the accuracy of the report.

5.1.5 Publish in investment catalogues information on successful transactions between the Client and Buyer / Investor indicating the dates of their conclusion. These publications may pursue any commercial purpose, including advertising and marketing.

5.1.6 Post on the Website the name of the Client company, the trademark, unless otherwise agreed by the Parties.

5.1.7 View Client and Buyer/Investor Communication Through Webpage.

5.1.8 Remove the investment program or the export product from the Site at any time.

5.1.9 In case the Client avoids submitting the report or paying the Commission fee, inform his/her partners about the unscrupulous behavior of the Client.

 

5.2 The company is obliged to:

5.2.1 Notify the Client of the need to submit a Report in the manner prescribed by the Terms.

5.2.2 Place the investment program in Investment Opportunities section and registered products for export in the Export section of the webpage at www.investin.am.

5.2.3 In the event that the Company's Clients are looking for goods or services within the framework of a partner company's activities, the Company shall present to that Client first the companies who have acquired the partner package.

 

5.3 The Client has the right to:

5.3.1 Communicate with Buyer/Investor.

5.3.2 Use the export potential calculator for free by contacting the Site Administrator.

 

5.4 The Client is obliged to:

5.4.1 Pay on time for the Services in the manner prescribed by the Terms.

5.4.2 In case of concluding an investment transaction, inform the Company about it within 5 / five / working days.

5.4.3 Maintain the terms and conditions of using the services.

 

6. ADDITIONAL GUARANTEES

6.1 The Client confirms the authenticity and completeness of the data submitted by him.

6.2 The Client realizes that according to the Terms, the registration of the investment program on the Site presupposes exclusivity, in particular, in case of registering the investment program on the Site for the first time, any Investment made in the program during 1 / one / year is subject to commission fee payment. This is due to the fact that the Company develops the business sample, business plan for the Client and supports its placement on the Website. This exclusivity will no longer apply five years after registration on the Site.

6.3 The Client realizes that contacting the Buyer/Investor through another platform to avoid paying the Commission Fee and hiding the deed is considered a violation of these rules. In case of committing such a violation, the latter, in addition to paying the Commission Fee in accordance with Chapter 4 of the Terms, shall also be obliged to pay a penalty in the amount of 20% of the Communication Fee.

6.4 The Client undertakes to refrain from actions that are aimed at publishing, uploading or otherwise disseminating false, misleading information, such as information that violates the requirements of the RA legislation.

6.5 The Client is aware that the submission of untrue information may result in appropriate consequences, including the blocking of its User Access to the Site and / or the cancellation of the Investment Project.

6.6 In the event of an issue or dispute with another Client of the Company, the Client exempts the Company from all types of disputes arising from that dispute, including claims for damages.

6.7 The issues of liability arising from these legal relations are regulated by the general terms of the Site.

 

7. DISPUTE SETTLEMENT PROCEDURE AND APPLICABLE LEGISLATION

7.1 Disputes and disagreements between the Company and Clients are resolved through negotiations, and in case of disagreement, in court. Dispute resolution is subject to the courts of the Republic of Armenia, unless otherwise provided by a separate agreement of the Parties and/or by the requirements of the imperative norms of the RA legislation.

7.2 The legislation of the Republic of Armenia is applicable to the legal relations arising between the parties.

 

8. CONDITION OF CHANGE OF CONDITIONS AND TRANSITIONAL PROVISIONS

8.1 The Armenian version of the Terms is preferred to the versions in other languages.

8.2 Legal Relations between the Parties Under the Terms, but with respect to provisions other than the latter, may be governed by the conclusion of a separate contract or agreement, which may be agreed upon by the Parties at any stage of the Service.

8.3 Terms may be changed unilaterally by the Company, available on the Company's Website. The Company notifies the Client of the changes to the mentioned document no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.

Export product terms

Terms of services provided by "Invest in AM" CJSC for the registration of exported products on its website

DEFINITIONS:

1. Company: "Invest in AM" CJSC

2. Client: Any person who submits an application for registration of an exported product

3. Webpage: Company webpage

4. Importer: Anyone who has taken action to purchase / import products registered on the Site

5. Deal: Transaction to purchase products registered on the site, which is concluded between the Client and Importer

6. Payment: Payment made by the Importer within the framework of the transaction

 

1. GENERAL CONDITIONS

1.1 These terms regulate the procedure for registering the Client's products for export on the Company's Website or any other relationship arising therefrom.

1.2 According to the terms and conditions, the Company provides the Client with electronic communication services on its Webpage to register products for the export, implement communication between Client and Importer, as a result of that connection, purchase products registered by the Client by importing to another country while the Client pays for those services.  

 

2. REGISTRATION OF EXPORTED PRODUCTS AND PROVISION OF INFORMATION

2.1 The Client registers his product on the Webpage under a certain category posted on the Webpage and fills in the information required by the Company.  

2.2 Registration and, respectively, payment is made according to the category of registered product. In case of registering the product within any category, the Client gets the opportunity to register an unlimited number of products in that category.

2.3 Within 3 working days, the Company verifies the Client's application, the content of the information contained therein, as a result confirms the Client's application, registers the relevant product, or rejects it without any additional justification. In case of refusal to register the export product, the registration fee set by the Terms is not charged by the Company.

2.4 During the period of registration of the export product on the Site, the Client can update the data submitted by him, including changing the pictures, product description, price, etc., by contacting the Site Administrator.

2.5 The Site Administrator has the right to reject the edits request if the edits are not realistic.

2.6 The company has the right to demand from the Client at any time proof of the information provided by the latter. The Client provides the Company with the evidence within 3 working days after receipt of the relevant request. In case of non-submission of proof within the established period, the Company has the right to take down the product from the webpage, as well as to suspend or delete the Client's user account. In this case, the Company has the right not to return the amount already paid by the Client.

2.7 As of terms, the day of concluding the Transaction is the day of concluding the final agreement between the Client and the Importer.  

 

3. PROCEDURE FOR SUBMISSION OF REPORT

3.1 The Client is obliged to submit a report on purchases for the registered product to the Company (hereinafter referred to as the Report) in the form of an excel file on a quarterly basis, by April 5, July 5, October 5, and January 8 of the given year.

3.2 The Client is obliged to submit a Report of the product within 1/one/year after the expiration of the term registered on the Website.

3.3 The Client is obliged to submit the Report within the timeframe specified in point 3.1, even if the exported product has expired on the Website. In case of non-compliance with the requirements of this clause, the Company has the right to charge a penalty in the amount of AMD 200,000 from the Client.

3.4 The report must contain:  

  • Total number of units sold for each registered product,
  • The total sum received from the sales of goods,
  • Date of actual receipt of payment.

3.5 The Client is notified about the need to submit the report on April 1, July 1, October 1, January 4 of the given year.

3.6 In case of non-submission of the report within the set period, the Company has the right to delete the export products from the Website without refunding the paid amount.

 

4. PAYMENT AMOUNTS

4.1 Export products are registered under a certain category by selecting one of the following packages:

• Six-month package - 35000 / thirty-five thousand / AMD

• One-year package - 65,000 / sixty-five thousand / AMD

4.2 The above payment is made for the selected category, which gives the Client the right to register an unlimited number of products under that category.

4.3 The package is activated from the day of payment and is valid for the period chosen by the Client. Any product registered before the expiration date is registered on the Site for no longer than the expiration date of the package.

4.4 The Client can also register products belonging to other categories on the Website, making the payments defined in point 4.1 for each category.

4.5 Registration fee is payable by the Client with ArCa, Visa and MasterCard online payment system. The registration fee is frozen from Client’s card after submitting the application, and is factually charged after the application is approved.

4.6 In addition to the registration fee, the Client pays to the Company commission fee based on the transaction between the Client and Importer (hereinafter referred to as the Commission Fee) in the amount of 5% of the total value of the product purchased by the Importer.

4.7 In case the Client is an individual and the company from which the product was purchased is not registered yet, the Commission fee is paid by the Client who is an individual based on the amount actually received.

4.8 In case the value of the product registered on the Site differs from the cost of its purchasing by the Importer, the Commission fee is calculated based on the actual sale value.

4.9 The actual sale price is determined by the report based on the data provided by the Client. However, the Company reserves the right to request a proof of Transaction between the Client and the Importer to verify the submitted report.

4.10 The Commission Payment by the Client is subject to payment after the Payment made by the Importer to the Client or the legal entity established by him, based on the settlement document submitted by the Company. The company issues the mentioned settlement document on the basis of the Report, by April 10, July 10, October 10, January 12 of the given year.

4.11 The settlement document is sent by the Company to the authorized e-mail address of the Individual Client, while legal entities can view it through the e-invoice online platform.

4.12 The Client undertakes to transfer the Commission fee to the Company by April 15, July 15, October 15 and January 18 of the given year, respectively.

4.13 The payment obligation provided for in this Chapter is valid for the Client after the expiration date of the exported product being registered on the Site.

4.14 When contacting through the Company, When making a payment, regardless of whether the parties to the Transaction have previously contacted each other or contacted each other through another platform, the Client is obliged to pay the Commission Fee to the Company.

4.15 In case of violation of the payment terms defined by this chapter, the Company has the right to demand a penalty from the Client in the amount of 0.1% of the unpaid amount for each day of the violation.

4.16 The fees defined by this Chapter are charged in AMD, except for fees charged to non-residents, which may also be charged in foreign currency. Interest-denominated payments in foreign currency are levied in AMD, based on the purchase rate of the given foreign currency set by the Central Bank of the Republic of Armenia at the time of collection.

4.17 Terms and conditions include all statutory taxes.

 

5. THE RIGHTS AND OBLIGATIONS OF THE PARTIES

5.1 The company has the right to:

5.1.1 Check the accuracy of the data and reports provided by the Client.

5.1.2 Examine the applications submitted by the Client, if necessary, reject them without giving any additional explanation to the Client.

5.1.3 Edit the content of the submitted application to make it stand out in terms of language and style.

5.1.4 Publish information on successful transactions between the Client and the Importer, indicating the dates of their conclusion. These publications may pursue any commercial purpose, including advertising and marketing.

5.1.5: Post on the Website the name of the Client company, the trademark, unless otherwise agreed by the Parties.

5.1.6 View Client and Importer’s communication.

5.1.7 Reject the Client's request for edits if the edits are unrealistic.

5.1.8 In case the Client avoids submitting the report or paying the Commission fee, inform his / her partners about the unscrupulous behavior of the Client.

 

5.2 The company is obliged to:

5.2.1 Check the application for registration of export products within three working days.

5.2.2 Maintain the confidentiality of the data provided in a general manner.

5.2.3 After confirmation, place the product registered by the Client in Export Section of the webpage at www.investin.am.

 

5.3 The Client has the right to:

5.3.1 Communicate with Importers.

5.3.2 During the period of registration of the export product on the Site, the Client may update the data submitted by him, including changing the pictures, product description, price, etc., by contacting the Site Administrator.

 

5.4 The Client is obliged to:

5.4.1 Pay on time for Services in the manner prescribed by the Terms.

5.4.2 In case of such a request by the Company, provide a copy of the Transaction concluded with the Importer within 3/three/working days.

5.4.3 Follow the rules of using the Website.

 

6. ADDITIONAL GUARANTEES

6.1 The Client confirms the authenticity and completeness of the data submitted by him.

6.2 The Client undertakes to refrain from actions that are aimed at publishing, uploading or otherwise disseminating false, misleading information, such as violating the requirements of the RA legislation.

6.3 The Client is aware that submitting untrue information may result in appropriate consequences, including blocking and / or deleting the User's access to the Site.

6.3 In the event of a dispute or dispute with another Client of the Company, the Client exempts the Company from all types of disputes arising from that dispute, including claims for damages.

6.4 The issues of liability arising from these legal relations are regulated by the general terms of the Site.

 

7. DISPUTE SETTLEMENT PROCEDURE AND APPLICABLE LEGISLATION

7.1 Disputes and disagreements between the Company and Client are resolved through negotiations, and in case of disagreement, in court. Dispute resolution is subject to the courts of the Republic of Armenia, unless otherwise provided by a separate agreement of the Parties and / or by the requirements of the imperative norms of the RA legislation.

7.2 The legislation of the Republic of Armenia is applicable to the legal relations arising between the parties.

 

8. CONDITION OF CHANGE OF CONDITIONS AND TRANSITIONAL PROVISIONS

8.1 The Armenian version of the terms takes precedence over the other language versions.

8.2 Legal Relations between the Parties Subject to the Terms, but with respect to provisions other than the latter, may be governed by a separate contract or agreement which, by agreement of the Parties, may be entered into force at any stage of the Service.

8.3 Terms may be changed unilaterally by the Company, available on the Company’s Website. The Company notifies the Client of the changes to the mentioned document no later than 10 (ten) days before their entry into force, by making them available on the Website, by publishing them, and in cases provided by law, by another preferred communication method chosen by the Client. If the Client does not notify the Company in writing of its intention to terminate the legal relationship between the Parties before the deadline for the changes to take effect, those changes shall be deemed to have been accepted by the Client.