Farming made easy
Nnoboa360 is powered by Farm 360 Limited
This Agreement (the “Agreement”) sets forth the terms and conditions (the “Terms”) governing the relationship between you (the “Sponsor”) and Farm 360 Limited (the “Company”), under which you agree to sponsor farm projects through the platform hosted at https://www.nnoboa360.com (the “Platform”). By engaging in sponsorship, you acknowledge and accept these Terms in full.
2.1 Project Terms
Each sponsored project shall be governed by the specific terms and conditions presented on the Platform at the time of sponsorship. Payback rewards, which consist of a percentage of the amount sponsored, are subject to periodic review and assessment.
2.2 Payment Options
Upon completion of each project cycle, the Sponsor may select from the following options:
2.3 Farm Visits
The Company will organize periodic farm visits to project sites to ensure transparency and enable Sponsors to monitor their investment.
3.1 Delays in Harvesting and Receivables
Historical data indicates potential delays in harvesting and receivables from buyers that may arise due to factors beyond the control of Farm 360 Limited. In such events, the Sponsor agrees to an extension of the project term as follows:
3.2 Uncontrollable Losses
In the event of uncontrollable losses (e.g., road accidents, bad debt from buyers) not covered by insurance, such losses may impact the Company’s ability to meet financial obligations to Sponsors. In these circumstances, both parties will renegotiate the terms to reach a mutually beneficial resolution.
3.3 Capital Protection
While unforeseen circumstances may delay profit realization, the Sponsor’s capital and accrued profits will remain protected and held separately from any losses incurred during the recovery period.
4.1 Prohibition of Legal Action or Defamatory Statements
In the event of any unresolved issues, the Sponsor is required to seek resolution through the designated Relationship Manager or by visiting the Company's office. The Sponsor agrees not to pursue legal actions, nor make any defamatory statements via social or other media platforms that could harm the Company’s reputation. Failure to comply will result in termination of this Agreement.
4.2 Non-Guarantee of Profits
The Company does not guarantee any specific profits, dividends, or rewards due to the inherent risks associated with farming.
5.1 Profit Distribution
Proceeds will be distributed between the Sponsor and the Company as per the terms set forth by the project board. A portion of the proceeds may also be allocated to support the community as part of the project's corporate social responsibility (CSR) initiative.
5.2 Calculation of Proceeds
Proceeds will be calculated after deducting all project-related expenses, including taxes, land rentals, mechanization costs, and input expenses, from the revenues generated through the sale of goods.
6.1 The Sponsor represents and warrants the following:
7.1 All intellectual property created in connection with this Agreement is the sole property of Farm 360 Limited. The Sponsor shall not use any intellectual property belonging to the Company without prior written consent.
Farm 360 Limited is a limited liability company registered in Ghana (Registration Number: CS062142020) with its principal office at House No. EA 2/16, Adentan East, Accra, Ghana.
9.1 Platform Access
Secure access to the Platform will be provided through the Sponsor's unique username and password. The Sponsor must maintain the confidentiality of these credentials and immediately report any suspected security breaches.
9.2 Restricted Access
The Company reserves the right to restrict or deny access to the Platform, particularly during maintenance periods, and may decline to act on instructions that are unclear, unverifiable, or deemed illegal.
The Company reserves the right to report any suspicious transactions to the relevant authorities in compliance with anti-money laundering regulations without notice to the Sponsor.
Sponsorships made in currencies other than the Ghanaian cedi are subject to exchange rate fluctuations. All proceeds will be paid in Ghanaian cedis, and the Sponsor assumes the risk of any foreign exchange losses.
12.1 Term
This Agreement shall commence upon registration and remain in effect for as long as the Sponsor has any active sponsorship cycles.
12.2 Termination
The Sponsor may terminate this Agreement by providing written notice, provided there are no active sponsored cycles. The Company reserves the right to amend these Terms at any time.
The Sponsor confirms they have read and understood the Company’s Privacy Policy, which governs the collection, use, and storage of personal data.
The Sponsor agrees to indemnify and hold harmless the Company from any liabilities, costs, or damages arising from:
The Company retains the right to use any video or image captured during events organized or sponsored by the Company for promotional purposes, without compensation to the Sponsor.
This Agreement shall be governed by the laws of the Republic of Ghana. Any disputes arising out of or in connection with this Agreement shall be resolved through arbitration.
For any questions regarding this Agreement, please contact: info@farm360global.com.