Yours to Explore

Terms and Conditions

Terms And Conditions

Terms of Use:
Vision 2040 Limited, a company registered under the companies’ act, (V2040) owns and operates the interactive website https://srilankanworld.com and its mobile-friendly website interface (hereinafter collectively referred to as the “Platform” or “Sri Lankan World”) and the Services rendered thereof.

Our Unique Features. 

Sri Lankan World not only implement Projects showcased here, but also own all of them and are responsible for their operations whilst holding the funds for projects.

Unlike other Crowdfunding platforms Sri Lankan World does not facilitate projects of others and third parties. We encourage fellow Sri Lankans and other nationals who wish to support Sri Lanka to enrol as a Promoter of projects lined up for Crowdfunding. For information, please contact, contact@vision2040.lk

A Promoter would require leading the funding initiative by registering their friends and relatives to fund the project. Securing required fund for the project will qualify the Promoter to be recognised as a Sri Lankan World Ambassador. Further, we would appoint a Project Manager to overlook and support the Campaign Promoter on the project.

Vision 2040 is a social enterprise with 100% commitment to its cause. Profits of the organisation will be re-invested for sustainability of the organisation and for future work. No dividends will be paid to any shareholders.

  1. BINDING AGREEMENT:
    This document (hereinafter referred to as the “Terms of Use” or the “Agreement”) is an “Electronic Record” and does not require any digital or electronic signature. This document constitutes a legally binding agreement between the User and V2040 by mere use of the Platform establishing the rights and obligations pertaining to the use of the Platform and availing the various services, features, content, and offerings available on it.
  2. DEFINITIONS AND INTERPRETATION:
    2.1. Definition
    a) “Account” shall mean the Account created by the Users on Sri Lankan World to avail services.

    b) “Applicable Laws” shall mean any statute, law, rules regulation, ordinance, notification, order, decree, judgment, rule of common law, government approvals, by-laws or other governmental restrictions or any administrative order or notice in effect as of the date of this Agreement or anytime thereafter;

    c) “Campaign” shall mean and include fundraiser stories posted and run on our Platform for raising funds towards V2040 projects.

    e) “Services” shall mean services available on Sri Lankan World from time to time including without limitation running stories and campaigns for.

    2.2. Interpretation

    Unless otherwise, the context requires in this Agreement:

    a) The terms “you” and “user” shall mean any natural or legal person who browses through the Platform or avail services through SLW Website.

    b) The terms “we”, “us” and “our” shall mean V2040.

    c) The “User” and the “V2040” shall individually be referred to as the “Party” and collectively as the “Parties”.

    d) Words denoting any gender shall be deemed to include those of the other gender.

    e) Words using the singular or plural number also include the plural and singular, respectively.

    f) The terms hereof, hereby, hereto, and derivative or similar words refer to this entire Agreement or specified clauses of the Agreement as the case may be.

    g) The term Clause or Schedule refers to the specified Clause or Schedule of this Agreement.

    h) Heading or bold typeface are used only for the purpose of convenience and shall be ignored for the purpose of interpretation.

    i) Reference to the word include shall be construed as without limitation.

    j) Reference to any legislation or applicable law or to any provision thereof shall refer to any such applicable law as amended, suspended, or re-enacted from time to time.

    k) The headings provided herein are for convenience purposes only and shall not deem to affect or limit any of the provisions hereof.

  3. SRI LANKAN WORLD AND SERVICES RENDERED THEREOF
  4. Sri Lankan World, a strategic business unit of V2040, is our crowd funding Platform. Services offered on the Platform would showcase projects designed and implemented by V2040, being the legal entity for SLW Platform.

  5. ELIGIBILITY
  6. In order to be eligible to register themselves and use the Platform, the individual Users shall be of a minimum of 18 years of age and be legally competent to enter into a contract in accordance with the applicable laws and shall possess the absolute authority and competence to subscribe to and be bound by the terms, conditions, and obligations laid down in this Agreement.

  7. REGISTRATION AND ACCOUNT
  8. 5.1. To avail certain Services on the Platform, the Users shall register and create an account with the Platform that would require Personal Information of the Users.

    5.2. In consideration of use of the Platform by registering with us, you hereby represent that you are of legal age to form a binding contract and are not from receiving Services under the laws of Sri Lanka or another applicable jurisdiction.

    5.3. The responsibility for all the activities in relation to a User account including maintaining the confidentiality of their username the password shall be solely borne by the concerned User and V2040 shall not bear any liability or responsibility for any breach in relation to the same. If the User suspects any unauthorized breach or activity on his/her account the User shall promptly notify V2040. The User agrees and acknowledges that any information provided by such User does not infringe the rights of any third-party.

    5.4. The Users shall provide true, accurate, current, and complete information while registering on the Platform and undertake to update/inform V2040 of any change in the information from time to time as it has a direct bearing on the provision of Services provided by or through V2040. You hereby undertake that by registering on the Platform, you are not misrepresenting any information, or your identity and you shall not make any attempt to make any unlawful access to the Platform in order to use the Services thereof.

  9. PROHIBITED CONDUCT
  10. 6.1. V2040 hereby grants to the Users access to use the Platform, but not modify it, or any portion of it, or any content, information or data available on it except the Personal and Non-personal Information that belongs to the User.

    6.2. The payments and transactions processed using our Platform shall be subject to the rule’s issued by respective Issuing Bank of the Users. The use of V2040 shall not, in any manner, modify the terms and conditions issued by Issuing Bank applicable to Users. V2040 shall assume no liability in respect of violation of the same.

    6.3. This Platform or any portion of this Platform shall not be reproduced, duplicated, copied, sold, resold, visited, or otherwise exploited.

    6.4. Users hereby consent to not indulge themselves in any of the prohibited activities as provided herein.

    6.5. The User is hereby prohibited from:

    a) Impersonating any person or entity or false claim or otherwise misrepresent your association or affiliation with any person or entity;

    b) Access, use, or availing services through the account that belongs to others without their authorization;

    c) Infringe the Intellectual Property Rights of SLW Platform.

    d) Use of the Services or the Platform in any manner that could damage V2040, the Platform or its reputation;

    e) Damage, circumvent, disable or otherwise interfere with the security-related features of the Platform;

    f) Disassemble, decompile, decipher or otherwise attempt to discover the source code, by way of reverse engineering or by any other method, of the Platform or any part thereof;

    g) Use of data mining, robots, crawlers or similar data gathering and extraction tools and technologies in any manner or for any purpose whatsoever,

    h) Intentional interference with the Platform to damage, restrict, delay or inhibit operation of the Platform or any part thereof by any means, including without limitation, uploading or otherwise disseminating viruses, spyware or other malicious files that consists of contaminating or destructive feature;

    i) Availing the Services using the Platform with reasonable belief to be potentially fraudulent funds;

    j) Post, communicate or otherwise transmit any messages or content which is defamatory or which discloses private or personal matters concerning V2040,

    k) Use of Services if the User is under the age of 18 years without parental/guardian approval.

    l) Use of the Platform or Services to indulge in or conduct any activity or solicit the performance of any illegal activity or other activities which infringes the rights of others;

    m) Providing false, inaccurate or misleading information;

    n) Use of the Platform to collect or obtain Personal including financial information or Non-personal Information of any other users except with written approval by V2040.

    o) Downloading, copying, using, aggregating, reproducing, publishing, modifying, distributing, deleting any data information, data or content without prior consent from V2040 or the Users, as the case may be.

    6.6. Any unauthorized or commission of any of the prohibited activities as aforesaid shall entitle V2040 to terminate the permission or license granted to the Users by V2040 as stipulated herein.

  11. KNOW YOUR CUSTOMER (KYC)
  12. 7.1. In pursuance to the anti-money laundering laws, V2040 hereby follows diligence measures; thereby seeks mandatory information required for KYC compliance as directed by V2040.

    7.2. As a customer/client of V2040, the Users are obliged to provide, in order to use the Services available on the Platform in any manner, all such information including their Personal Information in accordance with rules to the satisfaction of V2040 to identify each new customer.

    7.3. You hereby agree and acknowledge that V2040 can take all required due diligence measures (including documentation) to satisfy itself relating to KYC compliance in line with the requirements under the applicable anti-money laundering laws as amended from time to time.

  13. REFUNDS
  14. 8.1. Payments made through Sri Lankan World are final and cannot be refunded, except in under the following “exceptional” scenarios.

    a) A payment has been identified to have been initiated using an unauthorised payment instrument not belonging to the user and the user wishes a refund.

    b) Campaign Promoter has posted an update that the intended purpose of the fundraising campaign is no longer possible, and no funds have yet been transferred to the Promoter towards the same.

  15. COMMUNICATION
  16. 9.1. By continuous usage of the Platform, the User consents to receive communications from V2040 using various channels of communication including, but not limited to, SMS, calls, emails, etc. regarding the usage of the Platform and the solicitation and promotion of its services, features, and offerings, verification of the User availing services.

    9.2. Users further consent to receive communications from the service providers of V2040, if any, with whom V2040 may have entered into an agreement in furtherance of its rights, and such calls shall be made solely for the purposes stipulated herein. Users consent to waive the DND registry in for the purpose of the communications stipulated herein in the event they have subscribed to the same.

  17. CONTENT, INTELLECTUAL PROPERTY, AND PROPRIETARY RIGHTS
  18. 10.1. Apart from any content or information provided by a User, the ownership and any and all rights, titles, interests in the intellectual property and proprietary information and content on the Platform (Trademarks, Copyrights, Patents, Designs) including without limitation any logos, graphics, slogans, text, content, software, code, illustrations, images, icons, programs, technology, the look and feel of the Platform and the compilation and arrangement of the content and materials on it exclusively belong to V2040, its suppliers and licensors. User’s access or usage of the Platform does not confer upon them any right or license in the intellectual property or proprietary information of V2040 as stipulated herein.

    10.2. Users shall not inter alia copy, reproduce, duplicate, republish, transmit, download, post, distribute, modify the aforementioned intellectual property and proprietary information of V2040 as aforesaid in any manner whatsoever without the express consent of V2040 or use the same for any commercial purposes.

    10.3. The User shall not use, post, modify, distribute or reproduce any content or material wherein the intellectual property and proprietary rights of such content and material belong to V2040, or any other person or entity without obtaining the prior written consent of the owner of such rights as aforesaid, failing which V2040 shall be entitled to take appropriate action including terminating the usage and registration of such User without any refund or other liability. In the event the intellectual or proprietary rights of a User have been violated or infringed as aforesaid the aggrieved User shall forthwith notify V2040 of the same along with adequate proof and V2040 shall, in its discretion take necessary and appropriate action thereafter.

  19. OBLIGATIONS
  20. 11.1. The Users shall provide accurate, complete and up to date information at the time of registration and creating an account on the Platform and shall ensure that they possess the rights, titles, and interests in the data, information and content they submit on the Platform.

    11.2. The Users agree and acknowledge that V2040 shall in its discretion be entitled to verify the information provided by the Users and the Users shall cooperate with and provide adequate proof of the same to V2040 as and when requested by it.

    11.3. The account of the Users and their username and passwords shall solely and exclusively be for their personal use and the Users shall at all times ensure the confidentiality of their username, password, and identification and shall be solely responsible for all activities on his/her account. The Users shall forthwith notify V2040 in the event of any unauthorized activity pertaining to their account.

    11.4. The Users shall be solely responsible for establishing the accuracy, veracity, authenticity, and credibility of the identity, data, information and content of other Users listed on the Platform by conducting the requisite due diligence for the same.

    11.5. The Users shall maintain abide by all laws, rules, regulations, guidelines, ordinances, and orders in force at all times during the term of this Agreement.

  21. OBLIGATION OF CAMPAIGN PROMOTERS
  22. 12.1. This fund-raising page on the Platform will be available to the general public for contributions from the time published by SLW on the Platform.

    12.2. V2040 takes no responsibility or liability for failure to reach the targeted funds towards your project.

    12.3. V2040 can reject your project for inappropriate or insufficient content, at its sole discretion.

    12.4. V2040 will not be responsible in any way whatsoever on the number of contributions received for a Project promoted by you on our Platform.

    12.5. You shall not use any content created by V2040, partially or wholly, for any other fundraising or awareness purpose without the written consent of V2040. In the event you receive such consent, you shall provide written credits to V2040 and provide links to V2040 website or corresponding social media handles of V2040, while using such content, and adhere with such other terms that may be prescribed by V2040 from time to time.

    12.6. You hereby indemnify and agree to keep indemnified and hold safe and harmless V2040, its Directors, employees and service providers against liabilities or claims and also against any loss or damage that may arise, its members, employees and service providers on account of acts of omission, utilization of funds by us, lack of necessary regulatory approvals for receipt of funds in any form or for carrying out the activities required for execution of the Project. The indemnities if any shall survive beyond the period of the Agreement.

    12.7. In no event will V2040 be liable for any indirect, incidental or consequential damages (including loss of profit or business), howsoever arising, whether under contract, tort or otherwise, even if informed of the possibility of the same. V2040 may terminate the agreement at any point of time should it have material evidence of wrong utilization of funds, or absence of requisite regulatory approvals to raise funds or carry out the Project.

  23. REPRESENTATION AND WARRANTIES
  24. 13.1. The Users represent and Warrant that they are legally competent and have the complete right and authority to enter into this Agreement in accordance with applicable laws and the execution, delivery, and performance of this Agreement by such User shall not constitute a violation of any laws, breach of any agreement or require the permission of any authority.

    13.2. The Users represent and warrant that all the information, data, and content provided by such Users on the Platform is true, accurate and up to date and undertake to provide any other information that may be required by the us for the purposes stipulated herein. The Users undertake that in the event V2040 requires any proof, whether documentary or otherwise of the information and data provided by such Users on the Platform they shall forthwith provide the same to V2040.

    13.3. The Users represent and warrant that they possess the rights, titles, and interest in any and all the information and content provided by such Users on the Platform and the posting or submission of such information and content shall not constitute the violation or infringement of the rights of any other person or entity.

  25. PRIVACY POLICY
  26. The usage of the Platform and availing the various services and features on offer shall require Users to submit and provide us with their information which V2040 shall collect, store and process for the purpose of providing such services and features to the Users. V2040 respects the privacy and confidentiality of the information of its Users; thereby the collection, storage, and processing of their information are governed by the Privacy Policy instituted by V2040. Users are requested to carefully read the Privacy Policy of V2040 and the access and usage of the Platform by the Users implies that they have read and understood the Privacy Policy and agreed to be bound by its provisions.

  27. DISCLAIMER
  28. 16.1. The Platform and the services, features, offerings, information, content available on it is available on an ‘as is’ and ‘as available’ basis. V2040 disclaims any and all warranties, whether express or implied, including without limitation warranties of merchantability, non-infringement or fitness for a particular purpose except for those warranties that cannot be excluded under applicable laws. V2040 does not guarantee any specific results from the usage of the Platform.

    16.2.V2040 provides no warranty that:

    a) The Services will be uninterrupted;

    b) The Services will meet your requirement;

    c) Accuracy or reliability of the results that may be obtained from the use of Services;

    d) The quality of Services, information, or other material obtained by you from or through the Platform will meet your expectation.

    16.3. V2040 shall not be liable, whether in contract or in tort in any manner whatsoever for:

    a) any interruptions in the services;

    b) delay in access or interruptions on the Platform;

    c) loss, theft, non-delivery, destruction, corruption, of data;

    d) any loss or damage incurred as a result of your access or usage of the Platform;

    e) the occurrence of any viruses, malfunctions, system failures, technical problems in connection with the Platform;

    f) inaccuracies or omission in the content;

    g) any other event beyond the control of V2040.

    16.4. The Platform does not charge any registration or browsing fee; however, reserves the absolute right and discretion to modify, amend or update content from time to time. All such modification or amendments will be intimated to the Users, which shall become effective immediately after posting the same on the Platform and shall form a part of the Terms of Use. Your continuous use of the Platform shall be deemed as an acceptance of the amended or modified Terms of Use.

    16.5. In order to render Services, V2040 may be required to enter into agreements with payment gateways, facilitators, processors and other financial institutions for collection, refund, remittance or payment made by you through the Platform. V2040 hereby disclaims all warranty in respect of any of the Services brought to you by these service providers.

    16.6. V2040 shall assume no liability whatsoever in respect of any loss or damage arising directly or indirectly to you due to:

    a) Lack of authorization for any transaction;

    b) Illegitimacy of the payment method (including debit/credit cards fraud) being used by you;

    c) Lack of authorization for any transaction made using the Platform;

    d) Decline of transactions by Issuing Bank for any other reason whatsoever.

    16.7. The use of the Platform and any resultant connection, exchange, communications or transaction does not constitute an offer, advice, counselling, recommendation on part of V2040 and any loss, liability, expenses, damages, judgments incurred by any User as a result of entering into a transaction by using the Platform shall solely and exclusively be the responsibility of and borne by such User and V2040 shall not bear any liability or responsibility for the same.

    16.8. The Platform is merely an intermediary and provides an interface for Users to voluntarily register themselves by providing certain data and information in accordance with their individual preferences to connect, contact and engage with other Users for the purpose of entering into a transaction and availing the services herein. V2040 does not monitor the conduct of the Users on the Platform and the Users are solely and exclusively responsible for their interactions, exchanges, communications, connections and transactions made on the Platform.

    16.9. V2040 takes reasonable measures and precautions for the protection and security of the information provided by the Users on the Platform; however, it shall not bear any responsibility or liability for any unauthorized or inappropriate use including without limitation any copying, printing, publishing, forging, reproductions, manipulation of the same by any other person or entity.

  29. LIMITATION OF LIABILITY
  30. 17.1. Except as otherwise provided under applicable laws, V2040 shall not be liable for any damages whatsoever arising out of or related to the use of this Platform or any other site linked to it. This limitation of liability applies to direct, indirect, consequential, special, punitive or other damages the Users or others may suffer, as well as damages for lost profits, business interruption or the loss of data or information, even if notified in advance of the potential for any such damages

    17.2. Notwithstanding anything to the contrary contained herein, if V2040 is held liable for proven and actual loss or damage arise out of your use of the Services through the Platform, any liability of V2040 towards you for any reason or cause whatsoever shall be limited to the transaction amount paid by such User for availing the services available on the Platform during the tenure of membership.

  31. INDEMNITY
  32. 18.1. Users shall indemnify and hold harmless V2040 and its representatives, affiliates, partners, contractors, officers, directors, employees and assigns against any and all losses, liabilities, damages, costs, claims, damages including legal expenses that may be incurred by V2040 as a result of or arising out of a User’s

    a) breach or violation of the provisions stipulated in these Terms and Conditions

    b) breach of any representation or warranty

    c) use of the Platform and its content

    d) availing the services, features, and offerings available on the Platform

    e) violation of the intellectual property or proprietary right of V2040

    f) violation of the privacy, confidentiality, information or any other right of V2040

    g) violation of any applicable laws

    h) any act, omission, fraud, misrepresentation on part of the User.

    18.2. The foregoing right to indemnity shall be in addition to any other right that may be available to V2040 in equity or under applicable laws and the indemnity rights shall survive the termination of this Agreement and Users usage of the Platform.

  33. TERM, TERMINATION, AND VIOLATION
  34. 19.1. This Agreement shall be valid and continue to be operative as long as the Users continue to use the Platform.

    19.2. The Users are entitled to terminate this Agreement anytime by discontinuing their usage of the Platform and communicate the same in writing to V2040.

    19.3. V2040 shall be entitled to terminate the usage, access of a User at any with immediate effect and with or without cause wherein the term cause shall mean the breach of any of the terms and conditions stipulated in this Agreement by a User.

    19.4. The rights, liabilities or obligations under this Agreement that may have accrued to V2040 prior to the termination or expiration of this Agreement shall not be affected by such termination or expiration and V2040 shall be entitled to enforce such rights, liabilities or obligations against the Users regardless of the same.

  35. FORCE MAJURE
  36. V2040 shall not be under any liability for failure to perform any of its rights and obligations under this Agreement, if such acts of failure are due to any act of God, fire, earthquake, floods, or any natural calamities or transportation embargoes, civil commotion, riots, violence, acts of terrorists, state enemies, or any other reasons or circumstances beyond our control.

  37. AMENDMENT AND WAIVER
  38. 21.1. V2040 reserves the right to make such changes, amendments, modifications, to this Agreement as it may deem necessary in its discretion from time to time and the decision of V2040 shall be final and binding regarding the same. The amended Agreement shall be effective and legally binding from the date it is posted and uploaded on the Platform and the same shall constitute sufficient notice to Users of the same. Users are advised to periodically review the Agreement from time to time so as to keep themselves apprised of all such changes and modifications.

    21.2. No failure to exercise and no delay in exercising any right or remedy under this Agreement shall operate as a waiver thereof. No waiver or consent hereunder shall be applicable to any events, acts, circumstances except those specifically covered thereby.

  39. RELATIONSHIP
  40. The Parties have not created a partnership and nothing contained in this Agreement shall, in any manner whatsoever, constitute any Party the partner, agent or legal representative of the other Party, nor create any fiduciary relationship between them for any purpose whatsoever except as may be, from time to time, agreed upon between the Parties in writing or as otherwise expressly provided herein. Neither Party shall have any authority to act for or to assume any obligation or responsibility of the other.

  41. ASSIGNMENT
  42. This Agreement and the rights and obligations stipulated herein are personal in nature to the Users and they shall not be entitled to assign, transfer or subcontract any of their rights and obligations under this Agreement to any other individual or entity except with the prior written consent of V2040. However, nothing contained herein shall preclude V2040 from assigning or transferring any of its rights and obligations under this Agreement in its discretion.

  43. SEVERABILITY
  44. In the event that any provision in this Agreement is found to be invalid or unenforceable, the offending provision shall be severed from the Agreement and the remaining provisions shall continue to be enforceable and operate as originally written.

  45. SURVIVAL
  46. The Provisions which, by its nature or express terms should survive, will survive such termination or expiration of this Agreement.

  47. USER DISPUTES, GRIEVANCES AND REDRESSAL
  48. 26.1. In the event of any dispute or grievances in respect of any of the Services rendered on the Platform, you are required to inform V2040 through our Grievance form/ or by email.

    26.2. V2040 endeavours to take necessary and timely measures to redress the grievances and disputes of the Users; however, does not claim any warranty in respect of the same.

  49. DISPUTE RESOLUTION
  50. 27.1. In the event of any claims or disputes between the Parties arising in connection with the execution, interpretation, validity, performance, breach or termination of this Agreement and any of its provisions, wherein such disputed cannot be amicably resolved by the Parties by way of good faith negotiations amongst themselves, all such disputed shall be first submitted for settlement by informal mediation to a panel consisting of one nominee of each Party.

    27.2. In the event of failure to settle the disputes in accordance with the modes stipulated above within a period of 90 days, all the disputes or differences so arising between the Parties shall in V2040’s discretion be referred to and settled by arbitration in accordance with the provisions of the Arbitration and Conciliation Act 1996. The arbitration shall be conducted by a sole arbitrator appointed by V2040. The Parties shall endeavour to expedite the arbitration proceedings and complete the same at the earliest and shall render full co-operation for the same. The place of arbitration shall be Sri Lanka. The award given by the arbitrator shall be final and binding on the Parties. The costs pertaining to the arbitration shall be borne by the Parties in accordance with the award passed by the arbitrator.

  51. GOVERNING LAW AND JURISDICTION
  52. This Agreement and its provisions shall be construed in accordance with and governed by the laws of Sri Lanka and subject to the exclusive jurisdiction of the courts situated at Sri Lanka.

  53. ENTIRE AGREEMENT
  54. Except where otherwise expressly provided, this Agreement constitutes the entire agreement and understanding between the Users and V2040 with respect to the subject matter contained herein and shall supersede all prior or contemporaneous oral or written agreements or communications pertaining to the same. In case of any inconsistency between the provisions of these Terms and Conditions and any other similar documents or understanding the provisions of this Agreement shall prevail.

CONTACT US:If you have any queries or concerns regarding our Terms of Use, Privacy Policy or any other policies, you can reach out to us on our contact information given on our Contact Us page or you can write to us on: contact@vision2040.lk