Terms and Conditions

TERMS AND CONDITIONS

The following terms and conditions govern your participation as you use our services to invest in farm projects, by clicking “I AGREE” you indicate that you are aware and bound by the terms and conditions. Please read them carefully before signing up on www.ajeborfarmers.com. The management of AJEBOR FARMERS reserves the rights to change and amend the rules of engagement without the consent of users. Such changes will take effect from the day of update.

We advise you to consider whether investing in a farm project meets your required risk levels and objectives, and you should only commit such funds that you are able to financially bear the risk of losing, paradventure uncertainties which our insurance can't cover happens, considering your other financial commitments.

By using the Platform, you confirm that you have the necessary experience and knowledge to understand the risks involved..

It is mutually understood and agreed by and between the management of Ajebor Farmers and investors that:

AJEBOR FARMERS SHALL UNDERTAKE THE FOLLOWING ACTIVITIES UNDER THIS AGREEMENT

  • Source for suitable arable lands for cultivation and rearing of animals.
  • Train and Mobilize small- holder farmers.
  • Carry out farm operations that include cultivation and rearing of crops and animals, either directly or in partnership with others, as its discretion.
  • Carry out post-harvest processing of crops and animals cultivated or reared at harvest.
  • Provide regular updates to investors on projects invested on; and on the request of investors, we arrange a guided visit to farm location at the investor’s expense.
  • Carry out farm operations that include cultivation and rearing of crops and animals, either directly or in partnership with others, as its discretion.
  • Pay back investors his/her initial investment with ROI commensurate to the project selected by the investors on the Ajebor Farmers web platform- www.ajeborfarmers.com on the payback date applicable to the selected farm project.

INVESTOR SHALL UNDERTAKE THE FOLLOWING ACTIVITIES UNDER THIS AGREEMENT:

  • Express interest to invest on the farm project and understand its terms, investment duration and ROI's.
  • Invest in the projects of the Ajebor farmers.
  • Bear the expenses for guided farm visits if he/she so desires.

It is hereby further agreed by the Parties as follows:

  • The Investment Sum shall be invested for a maximum period of twelve (12) months (the “Investment Period”). This is dependent of the project cycle.
  • ROI's are not negotiable.
  • Rice Farmer shall pay the Investor his quarterly(as it applies) ROI and the Investment Sum and accrued ROI at the end of the Investment Period, which is determined by the farm project invested in.
  • In the case of any mishaps, the Ajebor Farmers commit to return the initial capital, being the Investment Sum, back to the Investor within a period of 4 - 8 weeks. In clear terms, and for the avoidance of doubt, only the Investment Sum, which is the Investor’s capital will be returned.
  • Each party takes legal and financial responsibility for the actions of its respective employees, officers, agents, representatives and volunteers (for Institutional Investors).
  • Except for clause 4 and 6 covering insurance of total Investment Sum under covenant by parties, Ajebor Farmers shall, at its sole cost and expense, carry insurance or self-insure to cover its activities in connection with this Agreement and obtain, keep in force, and maintain insurance or equivalent programs of self- insurance, for general liability, workers compensation, and business automobile liability adequate to cover its potential liabilities hereunder. Each Party agrees to indemnify, the other to the fullest extent permitted by law, from and against any and all demands, claims, actions, liability, loses, damages, costs, including reasonable attorney's fees, arising out of or resulting from the indemnifying party's act or omission related to its participation under this Agreement.