This Refund Policy shall regulate the rights and obligations related to the exercise of the right to refund – return of invested funds in projects published on Animond platform.
Article 1
Pursuant to Article 28 of the Law on Consumer Protection (“Official Gazette of RS”, No. 88/2021) (the „Law“), the Investor shall have the right to waive the Agreement concluded remotely, i.e. outside the business premises within 14 days from the date of execution of such agreement, without specifying the reasons and additional costs, except for costs referred to in Article 34 and 35 of the Law.
The Investor exercises the right to waive the Agreement based on a statement given on a special form for waiving the Agreement concluded remotely, i.e. outside the business premises or in another unambiguous way.
Should the Investor waive the Investment Agreement in accordance with Article 28 of the Law and Article 13 of the Terms of Use of the Animond Platform, the Company is obliged to return any payments received from the Investor without delay and no later than 14 days after the day of receipt of the waiver form.
The Company provides such refund using the same means of payment used by the Investor in the original transaction, unless the Investor has explicitly agreed to the use of other means of payment and provided that the Investor does not bear any costs arising from such refund.
Article 2
If the required minimum amount of funds is not raised by the day designated as the final day of the fundraising campaign for the specific project, the Company shall notify the Investor of the failure of the campaign conducted. The notice shall be sent in writing to the e-mail address of the Investor. At the same time, the Company shall invite the Investor to declare within 8 days after the date of receipt of the above notification whether they want to redirect the investment made to another project, in which case the agreed terms and conditions change according to the newly-selected project or to waive such investment. If the Investor in this case waives the investment, the Company shall return the funds from the special account to the account of the Investor, less the related bank charges, within 14 days after the date of receipt of the waiver statement.
The Company provides such refund using the same means of payment used by the Investor in the original transaction, unless the Investor has explicitly agreed to the use of other means of payment and provided that the Investor does not bear any additional costs arising from such refund.
Article 3
In case of unilateral termination of the Agreement in accordance with Article 12 of the Terms of Use of the Animond Platform, the Company is obliged to return to the Investor the amount of paid investment if such termination occurred before the end of the campaign and payment to the end Beneficiary. If the Agreement is terminated after the end of the campaign and payment of funds to the Beneficiary, the Company is obliged to, in accordance with Article 7 of the Terms of Use of the Animond Platform, calculate and pay the related net profit to the Investor, which is due and realized until termination. If the Agreement is terminated due to violation of the provisions of the Terms of Use of the Animond Platform by the Investor, causing damage to the Company, the Company shall have the right to reduce the amount of investment, i.e. the realized profit that would belong to the Investor until the day of termination of the Agreement, by indisputably determined amount of damages and retain such amount. In the event that the abovementioned amount is not sufficient to settle the damages, the Company may realize the difference up to the full compensation in court.
The Company shall pay the funds within 14 days after the day of unilateral termination of the Agreement, to the account of the Investor, less the related bank charges.
The Company provides such refund using the same means of payment used by the Investor in the original transaction, unless the Investor has explicitly agreed to the use of other means of payment and provided that the Investor does not bear any additional costs arising from such refund.
Article 4
The Company shall have the right to amend this Refund Policy, whereby all changes shall be published on the Platform.
This Refund Policy shall enter into force on the day of its publication on the Animond Platform.
Belgrade, date 12.04.2024.
