Terms and Conditions
The purpose of this contract is to increase business capital so that we can carry out various functions and operate at a much more efficient rate. No part of this contract can be reproduced, reused, or used in any manner whatsoever without any written notice from Forge 97 (Pty) Ltd. The investment is beneficial for both the investors and the company. Investors’ funds will be used to, amongst other things:
- Buying products
- Warranty claims
- Website maintenance
- Email maintenance
- Airtime, Data, Wi-Fi
- Advertising and promotions
- Social media advertising
- Absorb promotions and discounts (losses)
- Referral programme
The investment contract does not serve as buying shares/security/stake/stock etc in Forge 97 (Pty) Ltd, any of its affiliated companies, and or subsidiary companies. Therefore, this means that the investor has no form of control in the company over any process. Forge 97 reserves the right to reject any submitted contract(s). It is the responsibility of the investor to ensure that they continuously check and keep up with communication from Forge 97 (Pty) Ltd.
As under the Consumer Protection Act (CPA, 2008), each entered contract can be cancelled/terminated/withdrawn without any penalties, within a period “cooling period “. Once the contract reaches its maturity, investors can reinvest, however, a new contract will have to be signed. Upon maturity, a representative from Forge 97 will contact the investor, be it via a phone call, email, text, etc to inform the investor that their investment has matured. Should an investor not respond nor get back to the company, their invested amount plus interest will continue to be held by the company until further instructions from the investor. This money will not gain any additional interest until a new contract has been signed and is legally binding.
When paying out to investors, Forge 97 cannot be held liable for any bank charges. Interest is calculated from the time at which the contract is legally binding, and funds have reflected into our bank account. Please note that as an approved investor, you will be required to deposit funds into our bank account as per the agreement.
The company does not pay out dividends, as this contract does not constitute as buying equity in Forge 97 (Pty) Ltd. The investor, upon maturity, will be paid their invested principal amount plus interest.