Finance Agreement Terms and Conditions
 

This Finance Agreement ("Agreement") is entered into between the undersigned individual or entity ("Customer") and Venture 24 Inc. ("Lender"), collectively referred to as the "Parties," for the purpose of financing the purchase of goods or services as specified below. By signing this Agreement, the Customer acknowledges and agrees to the terms and conditions outlined herein.
 

1. Definitions

• "Goods or Services" refer to the products, equipment, or services specified in the attached invoice or purchase order.

• "Intellectual Property" includes patents, trademarks, copyrights, trade secrets, and any other intangible assets protected under applicable laws.
   

2. Finance Terms

• The Customer agrees to a 24-month finance term, commencing on the date of this Agreement.

• The total financing amount, interest rate, and any applicable fees are specified in the application form.
   

3. Ownership of Intellectual Property

• All intellectual property rights related to the Goods or Services financed under this Agreement shall remain the exclusive property of Venture 24 Inc. until the total financed amount is paid in full by the Customer.
   

4. Payment Schedule

• The Customer agrees to make monthly payments, as specified in the accelerator agreement, on or before the due date stated.

• Late payments beyond five (5) business days will result in pause of all work until monthly payment is made in full.

• The Customer will be required to pay a $250.00 reinstatement fee. 
   

5. Default and Remedies

• In the event of default, including failure to make timely payments, the Lender reserves the right to take legal action to recover the outstanding amount and take possession of the Goods or Services.

• In the event of default Customer forfeits the accelerator and all accessibility to investor funding.

• The Customer will be obligated to pay the remaining balance in full to reinstate their account.

• The Customer will be responsible for any legal or collection fees incurred by the Lender as a result of default.
   

6. Early Payment

• The Customer may choose to pay off the total financed amount before the end of the 12-month term.

• Early payment may will not result in a prepayment penalties or administrative fees.
   

7. Transfer of Agreement

• This Agreement is non-transferable without the prior written consent of the Lender.
   

8. Governing Law

• This Agreement shall be governed by and construed in accordance with the laws of Arizona, without regard to its conflict of law principles.
   

9. Entire Agreement

• This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior agreements, negotiations, and understandings, whether oral or written.
   

10. Modification

• Any modifications to this Agreement must be made in writing and signed by both Parties.
   

11. Severability

• If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

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