Terms of Use

FWD Ventures LLC, a corporation based in Florida, doing business as FWD Ventures, the operator of the Website (“we” or “us” or “FWD Ventures”), through the www.fwd.ventures (“Website”) we render our Users (“User” or “You”: anyone who visits/accesses our Website) with an opportunity to submit their unique Idea/Content (“Idea/Content”: Unique Concept that User submits on our Website) to us. Once a User submits their unique Idea they shall be referred as “Ideators” for the purpose of this agreement. The Services (Providing Users with the option of submitting their Idea and facilitating resources to Ideator and devising a structured plan for launching the project based on the Ideator’s Idea, shall be collectively referred to as the “Services”) are provided subject to these terms and conditions, which also incorporate our Privacy Policy, and any other guidelines, rules or operating policies that FWD Ventures may establish and post on our Website from time to time (collectively the “Agreement”).

We at FWD Ventures value an individual’s thought process and understand that for the thought process to concretize and transform into a tangible form, it needs to be backed up with resources. FWD Ventures not only renders resources to the individual but ensures that their Idea is supported by a structured plan, giving a higher chance of success to the individual’s vision.

We encourage users to submit their unique Idea on our Website and generate income out of it. The key benefit from this arrangement is that Idea may serve as a solution to many of the problems that confound our society across the globe.

The interested Users submit their Idea on our Website. The submission is facilitated through an Online Submission Form Which Users can access from our Website.

Once the User submits the Form with the relevant Idea; we have a Research and Innovation Team which vets the Idea.

The User understands that for us to structure the project we need a certain amount in the form of investment from them. If the User does not agree to invest the investment amount (The amount to be invested by each Ideator will be a part of separate Business Development Agreement (BDA) executed between the Ideator and us), he shall not further use our Services. 

After vetting we draft a business proposal which is presented before the investors for their approval. The investors’ approval is required for initiating the next phase of our Service, which is forming a team that will work on developing the relevant Idea.

Our team working on the relevant Idea develops the Idea until it reaches a “Minimum viable product” (MVP) stage. This MVP is a tangible form of the Idea, which needs to be evaluated from the prism of feasibility of the Idea as a marketable product/service. After the feasibleness of the Idea is assessed, it is again presented to the investors for raising capital to ramp up the project and establish the project in a full-fledged way.

When a project acquires an operative status, the Ideator shall receive a monthly salary and an annual dividend.

The details of the aforementioned steps shall be subject to BDA executed between Ideator and us after an Idea is selected. These details include how much investment the Ideator shall make, the form of investment, and other relevant details.

These Terms of Use regulate the users’ interaction on our Website. Any User who visits/uses/accesses our Website shall abide by these terms of service. Users’ availing any of the services provided on our Website are bound by these terms of service. 

User shall only use the services if they can form contract with us and not barred under any law which shall be applicable to You. We may stop, modify, or suspend the services at any time without any prior notice to You. We may also delete any Content from our Website at our sole discretion. 

1.1 We do not own or claim any title to the Content You submit, upload, or transmit to us as a result of your usage of our services. These terms do not grant us with any Intellectual property rights over your work, Idea, or any submissions which You may make when using our services. we have a limited right with respect to Idea/Content You submit to us. The limited right is required to operate our Website and terms relating to such rights are explained herein.

1.2 We shall with your permission post, host and project your Idea on our Website or share with our investors/professionals. You authorize us to project your Idea to our investors. You represent and warrant that You own or control the necessary rights to grant us the aforesaid authorization.

1.3 To meet our design technicalities of our Website and deliver services to the relevant users, we may share your work with third parties. This sharing of information with the third parties You shall consent to. The third parties our governed by a confidentiality agreement which is executed between them and us before any such information is transmitted to them.

1.4 We do not disclose any User’s personal information collected by us except under law when directed to do so or when the User whose information is subject of interest directs us to disclose the personal information.

1.5 The User is exclusively responsible for the information that the User shares on our Website; Idea, pictures, documents or any information of similar nature. Information that is posted on our Website can be viewed by the public and we don’t have any control over them concerning what they decide to do with the information they view on our Website.

1.6 We do not take any responsibility for any undesired outcome that may ensue once your Idea, Content is posted. This includes but not limited to your Content being modified, used or re-shared. 

1.7 You understand that Ideas on the Website are protected by law under IPR.  You shall not download, upload, transmit, copy, share information on the Website which results in infringement of IPR held by another person/body/organization.

1.8 The Ideas, Content posted, transmitted, shared by You on the Website shall be your original work. Exception to the above would be when You are allowed under law to post, share, transmit Content that is not yours, or have a license or under some arrangement with the proprietor of the IPR whose original Content You share.

1.9 If You post, transmit or share information which leads to infringement of IPR owned by another person/organization You shall only be liable and responsible under any law that is applicable under these circumstances. You agree to indemnify us against any infringement claim that may be brought against us, arising out of You posting/sharing Idea, Content, or any material on our Website. You also agree to indemnify us for any costs that we may incur to defend ourselves regarding infringement claim brought against us in court of law.

1.1 The User must be minimum 18 years old. The User understands that the information they submit must be true and in case of misrepresentation or intentional concealment of facts; we have the right to stop You from accessing your account and may also permanently delete your account from our Website.  

1.2 However, the minimum age shall vary according to laws of different jurisdiction. In such case the minimum age shall be decided by the relevant law of a jurisdiction.

The Ideator to use our Services must create an account on our Website. To create an account, the User must fill in the sign-up form. The sign-up form shall ask information such as Name, email, contact number, city, estate, country.

1.1 A User shall only create his account on the Website when he is ready to invest for the project structuring cost. This investment maybe in the form of Equity share investment.

1.2 Subsequent to the above condition, the Ideator must fill a form wherein he/she shall describe his/her Idea and shall also provide some information about himself/herself. This information includes: Name, email, contact number, city, estate, country.

1.3 After filling up the form the Ideator shall submit the form by clicking the submit button on the Website. Once the form is submitted, it is received by our innovation and development team. The innovation and development team shall scrutinize/vet the form concerning the feasibility of the Idea from a business perspective. 

1.4 Usually, the team compares the Idea with a business already in existence or a similar business already in existence whose cornerstone is the Idea or a similar Idea to the Idea submitted by the Ideator. 

1.5 The next step which comes after the initial study of the proposed Idea, is drafting a business model or preparing a blueprint of the business based on the proposed Idea. Drafting business model is a crucial stage as this shall be presented before the investors. The success of the Idea hinges on the fact whether the investors approve the business model.  

1.6 Before the investors are briefed about the proposed business each investor must sign a Non-Disclosure Agreement and Idea Protection Policy Agreement.

1.7 The essence of the above two agreements are to prevent the investors from acting on the Idea proposed during the briefing, without involvement of us and the Ideator. Breach of the aforesaid agreements shall result in investors paying a penalty and may also be subject to lawsuit initiated by us in the relevant court of law.

1.8 After Ideator makes his share of investment; the next phase of the project commences. The next phase involves team creation.  we make every effort to deploy the right resources in a team according to the requirements of a project. The team creation takes 4-6 weeks.

1.9 Subsequent to the above phase our team develops the Idea till we have an MVP. After this the investors must again approve the project for ramping up the operations and establishing the project in a full-fledged way.

1.10 The details of the above steps shall be a part of BDA which shall be a separate agreement executed between Ideator and us.

You agree that You won’t disclose your Account password to anyone, and You’ll notify us immediately of any unauthorized use of your Account. You’re responsible for all activities that occur under your Account, whether You know about them. If You want to protect your Content/Idea shared/transmitted with our Website, You must ensure that You are accessing our Website over a secured encrypted connection.

FWD Ventures and its licensors exclusively own all right, title and interest in and to the Services and Content, including all associated intellectual property rights. You acknowledge that the Services and Content are protected by copyright, trademark, and other federal laws of United States and foreign countries. You agree not to remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the Services or Content.

Our Website may contain third party links. When a User clicks on such links, they are redirected to that particular Website. Once the User leaves our Website, they are subject to third party’s terms of use and data collection policy. we shall not be liable for any loss or damage that a User may suffer while accessing third party Website via third party link.

We may suspend or terminate users’ access to our services, if the User is not complying with the terms stated herein. we reserve the right to suspend or terminate the services, with or without prior notice to You. we reserve the right to remove Your Content, suspend or terminate your access to the Service and/or pursue all legal remedies if we believe that any of Your Content breaches any of the terms stated herein, or otherwise infringes another person’s rights or violates any law, rule or regulation. 

1.1 We shall not disclose to any third party the Idea/Content we have except for the purpose of providing the Users our Services or in compliance to the terms stated herein. We understand your Content is of confidential nature and we shall not disclose to any third party except when it is required for the purpose of structuring the project.

1.2 We do not guarantee that the Ideator shall receive his investment amount which the Ideator must invest, once the Idea is accepted by our investors. The investment that an Ideator makes is at the sole risk of the Ideator. we shall not be liable or responsible under any law to return the investment amount. The Ideator agrees to indemnify us for all costs which we shall incur to defend any suit brought by the Ideator in a court of law for the recovery of such investment amount.

1.3 Any User of our Website while using/accessing our Services shall always adhere to the law of the land to which he is subject to. Our Website must not be accessed/used for any immoral, illegal, or activities that are in contravention to jurisdiction that is applicable to the User.

1.4 If we receive an IPR infringement complaint against a User’s Content/Idea shared with us, we reserve the right to suspend/delete the users’ account which shared the Idea/Content mentioned thereof. However, the suspension/deletion of account shall only ensue the complaint, if the complaint is made in accordance to law and is informed to us through proper means. 

1.5 If after the project is structured the project due to lack of investors, the project fails to materialize or the project cannot be ramped up, the project documentation/resources shall be returned to the Ideator. The Ideator may develop the Idea independent of FWD Ventures or the investors after the project documentation is returned or FWD Ventures is not able to launch the project after the project is structured.

You understand that any Content hosted on the Website may be inaccurate or incomplete or partially incorrect. we shall not be responsible or liable if You suffer any loss by relying on the Content hosted on our Website. You agree to indemnify us against any cost that we may incur in defending a suit, resulting from You making any claim in the court of law against us for the loss that You may suffer by relying on the Content hosted by our Website.

1.1 To the maximum extent permitted by law, we provide the material on the Website and the Service as is. That means we don’t provide warranties of any kind, either express or implied, including but not limited to warranties of merchantability and fitness for a particular purpose. 

1.2 From time to time down-time, either scheduled or unscheduled, may occur. FWD Ventures will work within reason to ensure this amount of down-time is limited. FWD Ventures will not be held liable for the consequences of any down-time.

To the maximum extent permitted by law, You assume full responsibility for any loss that results from your use of the Website and the Services, including any downloads from the Website. we and our Team won’t be liable for any indirect, punitive, special, or consequential damages under any circumstances, even if they’re based on negligence or we’ve been advised of the possibility of those damages. Our total liability for all claims made about the Service in any month will be no more than 20% of the invested amount by an ideator. 

Laws of the state of Florida will apply to any dispute related to these Terms or the Service. Any dispute related to the Terms, the Privacy Policy, or the Service itself will be decided by the courts in Florida, and each party will be subject to the jurisdiction of those courts