Terms of use

Last Updated: 24.09.2024
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Welcome to NGL! These Terms of Use ("Terms") govern your access to and use of the NGL website and any related services (collectively, the "Services") provided by NGL ("we," "our," or "us"). By using our Services, you agree to comply with these Terms. If you do not agree to these Terms, please do not use our Services.

1. Acceptance of Terms

By accessing or using the NGL platform, you acknowledge that you have read, understood, and agree to be bound by these Terms, as well as any additional guidelines, policies, or rules posted on the platform. NGL reserves the right to modify these Terms at any time, and we will notify you of any significant changes. Your continued use of the Services after such changes constitutes your acceptance of the new Terms.

2. Services Provided

NGL provides an online community and software platform designed to help users learn about startup investing and governance ("Services"). Our platform includes educational content, tools, and discussions intended to assist users in understanding the principles of startup investing, governance frameworks, and best practices. However, NGL does not provide legal, financial, or investment advice, and nothing on our platform should be construed as such.

3. Eligibility

To use the Services, you must:
- Be at least 18 years old or the age of majority in your jurisdiction;
- Have the legal capacity to enter into binding contracts;
- Comply with these Terms and all applicable local, national, and international laws and regulations.

4. No Financial or Legal Advice

NGL is a platform for educational purposes only. We do not offer legal, financial, or professional advice, and nothing on the platform should be considered as such. Any actions taken by users based on the content provided on NGL are at their own risk. We strongly encourage users to consult with qualified professionals before making any financial, investment, or legal decisions.

5. Account Registration

To access certain features of our Services, you may need to create an account. By creating an account, you agree to:
- Provide accurate, current, and complete information during the registration process;
- Keep your account credentials confidential and not share them with others;
- Notify us immediately if you suspect any unauthorized use of your account;
- Be responsible for all activities that occur under your account.

6. User Conduct

By using the Services, you agree not to:
- Use the platform for any unlawful or harmful purpose;
- Post, upload, or distribute any content that infringes on the rights of others, including intellectual property rights;
- Engage in any activity that disrupts or interferes with the proper functioning of the Services;
- Attempt to gain unauthorized access to our systems, data, or Services.

7. Intellectual Property

All content and materials provided on the NGL platform, including but not limited to text, graphics, logos, images, and software, are the property of NGL or its licensors and are protected by copyright, trademark, and other intellectual property laws. You may use the content provided on the platform for personal, non-commercial educational purposes only. Any unauthorized reproduction, distribution, or modification of the content is strictly prohibited.

8. User-Generated Content

NGL may allow users to post, upload, or share content such as comments, articles, and discussions ("User-Generated Content"). By submitting User-Generated Content, you grant NGL a non-exclusive, worldwide, royalty-free, perpetual license to use, display, modify, reproduce, and distribute the content on the platform.
You represent and warrant that you have the necessary rights to grant this license and that your User-Generated Content does not violate any third-party rights or applicable laws. NGL reserves the right to remove or modify any User-Generated Content at its discretion.

9. Third-Party Links and Content

The NGL platform may contain links to third-party websites, services, or content that are not owned or controlled by NGL. These links are provided for your convenience only. NGL does not endorse or assume any responsibility for the content, products, or services offered by third parties. You acknowledge and agree that NGL is not liable for any damages or losses resulting from your use of or reliance on third-party content.

10. Disclaimers

No Warranty: The Services are provided "as-is" and "as available," without any warranties of any kind, express or implied, including but not limited to warranties of accuracy, completeness, or fitness for a particular purpose. NGL does not guarantee that the Services will be error-free or uninterrupted, or that any defects will be corrected.

Limitation of Liability: To the fullest extent permitted by law, NGL shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or relating to your use of the Services, including but not limited to loss of profits, data, or goodwill, even if we have been advised of the possibility of such damages.

11. Indemnification

You agree to indemnify and hold harmless NGL, its affiliates, officers, directors, employees, and agents from any claims, damages, liabilities, costs, or expenses (including reasonable attorneys' fees) arising out of your use of the Services, violation of these Terms, or infringement of any intellectual property or other rights of any person or entity.

12. Termination

NGL reserves the right to suspend or terminate your access to the Services at any time, with or without cause, and without prior notice. Upon termination, your right to use the Services will immediately cease. You may also terminate your account at any time by contacting us.

13. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of Lithuania, without regard to its conflict of law provisions. Any disputes arising under these Terms will be resolved through binding arbitration in accordance with the rules of the American Arbitration Association (or equivalent in your jurisdiction). Any disputes not subject to arbitration will be litigated in the courts of Lithuania.

14. Changes to the Terms

We reserve the right to modify or update these Terms at any time, and we will notify you of significant changes by posting the revised Terms on our platform or by other appropriate means. Your continued use of the Services after the changes take effect constitutes your acceptance of the new Terms.

15. Contact Information

If you have any questions about these Terms, please contact us at:
- Email: info@ngl.vc
- Address: A. Goštauto g. 40B, LT-03163 Vilnius