Terms and Conditions
Please read these Terms and Conditions ("Terms", "Terms and Conditions") carefully before using the https://bazuze.com website and the investment in commodities through this platform.
Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
We do not provide any advice, nor do we make any recommendations for you. The Company solely allows you to invest in commodities trading on the Platform. It is your responsibility to assess whether the Platform is suitable or appropriate for your needs and any decision made to use our Services is done so entirely at your own risk. Please be aware that execution of these Terms does not imply that we have confirmed that use of the Platform and our Services are suitable or appropriate for you. We advise you to consider whether trading a commodity through the Platform meets your required risk levels and objectives, and you should only commit such funds that you can financially bear the risk of losing considering your other financial commitments.
We are an agricultural commodity trading Platform that allows you to partner with us and enjoy the benefits of trading agricultural commodities in local and export market, without you having to get your hands dirty. We serve to meet the teeming needs of Nigerians (and Africans in general) to invest in a reputable business venture that would ultimately serve as a side hustle to generate extra cash while doing your normal work..
Age: Bazuze services are available only to, and may only be used by, individuals who are 18 years and older who can form legally binding contracts under applicable law. You represent and warrant that you are at least 18 years old and that all registration information you submit is accurate and truthful. Bazuze service may, in its sole discretion, refuse to offer access to or use of the Site to any person or entity and may change its eligibility criteria at any time without notice to you. This provision is void where prohibited by law and the right to access the Site is revoked in such jurisdictions.
You agree to comply with all local laws regarding online conduct and acceptable content. You are responsible for all applicable taxes payable as a result of your activity on the Site. In addition, you agree to abide by Bazuze policies as stated in this Agreement and listed below (if applicable to your activities on or use of the Site) as well as all other operating rules, policies and procedures that may be published from time to time on the Site by Bazuze service, each of which is incorporated herein by reference and each of which may be updated by Bazuze Service from time to time without notice to you:
In addition, Bazuze Service may subject to additional terms of subscription, publish some services offered through the Site from time to time; your use of such services is subject to those additional terms of subscription, which are incorporated into this Agreement by this reference.
Keep your password secure. You are fully responsible for all activity, liability and damage resulting from your failure to maintain password confidentiality. You agree to immediately notify Bazuze of any unauthorised use of your password or any breach of security. You also agree that Bazuze Service cannot and will not be liable for any loss or damage arising from your failure to keep your password secure. You agree not to provide your username and/or password information to any other.
You must keep your account information up-to-date and accurate at all times, including a valid email, phone number and address.
You may not transfer or sell your Bazuze account and User ID to another party. If you are registering as a business entity, you personally guarantee that you have the authority to bind the entity to this Agreement.
Bazuze may only hold and operate one active account at any one time and the account must only be operated by the named account holder. If a secondary account is required then the PERSON must request prior written permission from Bazuze. Bazuze reserves the right to reject any such request and may, at its discretion, terminate additional accounts or accounts being operated by a person other than the named account holder without prior warning.
Right to Refuse Service:
Bazuze reserves the right to refuse service to anyone at any time. Bazuze services are not available to temporarily or indefinitely suspended Bazuze members. Bazuze reserves the right, in Bazuze’s sole discretion, to cancel unconfirmed or inactive accounts.
The Subscriber will receive periodic updates on the status of the commodity trading by email. The updates are also available on your profile on the Platform. You are expected to review all notifications, updates and reports from Bazuze as they represent a record of information pertaining to your subscription during a trading cycle
You are entitled to request for a physical visit to your funded farm, however, you must provide us with at least two (2) weeks notice to schedule a visit.
You agree that by subscribing to the program, your contribution is tied and unavailable for the entire duration of the trading cycle and neither Bazuze nor the farmers can or will refund your contribution until the successful completion of a farming cycle.
Any profits from a successful trading cycle of a Subscriber’s commodity are remitted to the electronic wallet on the Platform when the produce is processed and sold (i.e. upon completion of the trading cycle).
At the end of a successful trading cycle, you can decide whether to withdraw your funds from the electronic wallet on the Platform and transfer to a bank account you provide us with or to fund a trade for a new trading cycle.
You acknowledge that you are only entitled to the proceeds of any trading cycle you participate in.
LICENSE AND ACCESS
Subject to your compliance with these Conditions of Use and any Service Terms, and your payment of any applicable fees, Bazuze or its content providers grant you a limited, non-exclusive, non-transferable, non-sublicensable license to access and make personal and non-commercial use of the Bazuze Services. This license does not include any resale or commercial use of any Bazuze Service, or its contents; any collection and use of any product listings, descriptions, or prices; any derivative use of any Bazuze Service or its contents; any downloading, copying, or other use of account information for the benefit of any third party; or any use of data mining, robots, or similar data gathering and extraction tools. All rights not expressly granted to you in these Conditions of Use or any Service Terms are reserved and retained by Bazuze or its licensors, suppliers, publishers, rightsholders, or other content providers. No Bazuze Service, nor any part of any Bazuze Service, may be reproduced, duplicated, copied, sold, resold, visited, or otherwise exploited for any commercial purpose without express written consent of Bazuze. You may not frame or utilize framing techniques to enclose any trademark, logo, or other proprietary information (including images, text, page layout, or form) of Bazuze without express written consent. You may not use any meta tags or any other "hidden text" utilizing Bazuze name or trademarks without the express written consent of Bazuze. You may not misuse the Bazuze Services. You may use the Bazuze Services only as permitted by law. The licenses granted by Bazuze terminate if you do not comply with these Conditions of Use or any Service Terms.
Where we discover that the Platform is being used to launder money or for any suspicious transactions, we have an obligation to report your activities to the relevant authorities without recourse to you.
FOREIGN EXCHANGE RISK
Where a Bazuze Trader contributes in a currency other than the Naira, foreign exchange gain or loss and fluctuations in currency rates may have an impact on the profit made on such contribution by the Sponsor.
All profits on contribution shall be converted and returned in Naira based on the Central Bank of Nigeria (CBN) official exchange rate. The Bazuze Trader therefore enters into any transactions in currencies other than the Naira at their sole risk and shall bear all responsibilities for any gains or loss as a result.
Unexpected changes in currency exchange market conditions may have an impact on the extent of profit the Sponsor would be exposed to such as when there is an upward or downward movement in the relevant rates.
The Bazuze Trader understands and is able to assume the risk of loss associated and agrees to be liable for any resulting deficit this might have on contributions made or profits earned.
Subject to the Terms of Insurance and any insurance claims settled, you agree that Bazuze shall take out a comprehensive insurance package on your behalf. As a result of this, notwithstanding anything contrary contained in the terms and conditions and without prejudice to any provision in this contract whereby liability is excluded or limited to a lesser amount, the liability of the Comprehensive Insurance company under or in connection with this terms and condition (including any liability arising out of the indemnity at clause and [any other indemnity]) whether terms and conditions or in tort, in negligence, for breach of statutory duty or otherwise shall not exceed the prescribed principal sum invested in the aggregate.
Therefore, Bazuze shall reimburse or indemnify you for any cost, loss or liability, which you incur as a result of the failure of a farm to yield according to expectations/force majeure through their comprehensive insurance programs which you are a party to by investing in. The Insurance Company is obligated to reimburse you for such costs, losses or liabilities which you might incur as a result of the failure of any farm to yield according to expectations.
You agree to indemnify and hold harmless Bazuze, any farmer, and all our other agents or sub-contractors, against all liabilities, costs, expenses, damages and losses (including any direct, indirect or consequential losses, loss of profit, loss of reputation and all interest penalties and legal and other reasonable professional costs and expenses) suffered or incurred as a result of:
your fraudulent or illegal use of the Platform, the Services or the Website;
your negligence or any default by you of any of these Terms or the terms of any Loan Agreement to which you are matched;
any inaccurate or incomplete information that you have knowingly provided to us;
your allowing any other person to access your account either with your permission or as a result of your failure to keep your username and password private;
any service that you have offered, whether with or without our permission, to another third party using our Platform, Services or Website;
any claim made against you for actual or alleged infringement of Bazuze Intellectual Property Rights or any actual or alleged infringement of a third party’s Intellectual Property Rights arising out of or in connection with the Services or your use of the Platform
When you create an account with us, you must provide us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms, which may result in immediate termination of your account on our Service.
You are responsible for safeguarding the password that you use to access the Service and for any activities or actions under your password, whether your password is with our Service or a third-party service.
You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.
PROHIBITED, QUESTIONABLE AND INFRINGING ITEMS AND ACTIVITIES
You are solely responsible for your conduct and activities on and regarding to Bazuze and any and all data, text, information, usernames, graphics, images, photographs, profiles, audio, video, items, and links (together, "Content") that you submit, post, and display on Bazuze.
Restricted Activities: Your Content and your use of Bazuze service:
Must not be false, inaccurate or misleading
Must not be fraudulent or involve the sale of illegal, counterfeit or stolen items
Must not infringe upon any third-party's copyright, patent, trademark, trade secret or other proprietary or intellectual property rights or rights of publicity.
Must not breach this Agreement, any site policy or community guidelines, or any applicable law or regulation (including, but not limited to, those governing export control, consumer protection, unfair competition, anti-discrimination or false advertising)
Must not contain items that have been identified as hazardous to consumers
Must not be defamatory, libelous, unlawfully threatening, unlawfully harassing, impersonate or intimidate any person, or falsely state or otherwise misrepresent your affiliation with any person, through for example, the use of similar email address, nicknames, or creation of false account(s) or any other method or device
Must not be obscene
Must not contain or transmit any code of a destructive nature that may damage, interfere with, intercept or expropriate any system, data or personal information
Must not modify, adapt or hack Bazuze or modify another website so as to falsely imply that it is associated with Bazuze;
Must not link directly or indirectly, reference or contain descriptions of goods or services that are prohibited under this Agreement or other policy documents as posted on Bazuze.
Furthermore, you must not list any item on Bazuze (or conclude any transaction that was initiated using Bazuze) that, by paying to Bazuze a commission fee, could cause Bazuze to violate any applicable law, statute, ordinance or regulation, or that violates the Terms of Subscription.
LIMITATION OF LIABILITY
In no event shall Bazuze, its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.
Your Subscription to this Service is at your sole risk. The Service is provided on an “AS IS” and “AS AVAILABLE” basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance.
Bazuze, its subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.
These Terms shall be governed and construed in accordance with the laws of the Federal Republic of Nigeria.
Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have between us regarding the Service.
We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will try to provide at least 30 days notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.
By continuing to access or use our Service after those revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the Service.
If you have any questions about these Terms, please contact us.