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Posted on: 20.04.2021


These Terms and Conditions (hereinafter T&C) contain the terms and conditions that govern all use of our Platform (as defined below) and Services (as defined below). By signing up for our platform or using our services, you are agreeing to our Terms and Conditions, so please read them carefully.



1. Company information

Fairown Finance OÜ (a company duly incorporated and validly existing under the laws of the Republic of Estonia with registry number 14469114, VAT number EE102066450 and a registered seat at Laeva 2, TALLINN 10111, ESTONIA; hereinafter referred to as “Fairown” or "we", "us", "our") is a business providing a subscription financing platform and related services. Fairown enables merchants to sell their products offering subscription financing for consumers. 



2. How to contact us? 

You can contact us by email or telephone. Our contact details are provided on the "Contact" page of our Website.


3. Privacy

We treat any personally identifying information submitted through the website in accordance with our Privacy Policy and are incorporated into and made a part of these T&C. The Privacy Policy is subject to change, and you are encouraged to review the Privacy Policy whenever you supply the website with any information.


4. Applicability of the Conditions

The general terms and conditions contained herein constitute the basis of the commercial relationship between Fairown and (a) you as a natural person or (b) you as a legal person who is using Fairown products and services.


Other applicable documents which apply to you: this T&C refers to the following additional documents, which also apply to your use of our Platform and Services:


a) Cookie and Privacy Policy - sets out the terms on which we process any personal data we collect about you, or that you provide to us. By using our Platform and Services, you consent to such processing and confirm that all data provided by you is accurate. Also sets out information about the "cookies” on our Website.


5. Modification to Terms and Conditions

Fairown reserves the right, at its sole discretion, to change, modify, add or remove portions of any part of TERMS AND CONDITIONS, at any time. Fairown will notify you about the changes to its general terms and conditions either by e-mail or through Fairown website. Your continued use of the A services means that you accept and agree to the changes.


6. Definitions


Fairown Platform - A technological solution offered by Fairown allowing merchants to sell their products offering subscription financing for its clients.


Fairown webpage - means our webpage, including but not limited to, where we provide the Services to you.


Services - means all products, services, content, features, technologies, or functions offered by us.


Client- a natural or legal person who has accepted these T&C.


Product(s) - a dedicated range of the products that are subject to Subscription Financing and which Supplier decides to offer and Client chooses to buy.


Subscription Financing - a client loan transaction with buyback commitment by the Supplier in case the Client decides to make a new transaction with the Seller.



7. Personal Data

Note on interpretation: the terms “controller” and “processor” have the meanings assigned to them in the GDPR. 


Each of the Client and the Fairown acknowledges that certain information relating to him is collected and otherwise processed by the Fairown or its nominees. Where such information constitutes Personal Data, the respective processing is subject to our Privacy Policy. The Privacy Policy lists a number of purposes for which the Fairown may process Personal Data. 

Please see our Privacy Policy for more details. 


8. Who can use our Platform and Services?

If you are an individual, you must be 18 years or older to use our Platform and Services.


9. Proprietary Rights /Intellectual Property Rights

The material and content accessible from this website and any other website that Fairown owns, operates, licenses or controls (the “content”) is the proprietary information of Fairown or the party that provided the Content to us, and Fairown or such party retains all right, title and interest in the content. Accordingly, the Content may not be copied, distributed, republished, uploaded, posted, or transmitted in any way without the prior written consent of Fairown, except that you may print out a copy of the content solely for your own personal use. 


10. Trademarks

Trademarks, service marks, and logos appearing in this website (collectively the “marks”) are the property of Fairown or the party that provided us the marks, and we or such party retain all rights with the respect to such respective marks. No rights in any marks are granted to you by the agreement or your access to this website. 



11. Notices and complaints

In case of a question or a complaint, you can contact us by email or telephone. Our contact details are provided on the "Contact" page of our Website.


A notice shall be deemed to have been received: (a) the same day if using a telephone; (b) the next day if given by email. 


12. Final Provisions

The Terms and Conditions will be governed by and construed and enforced in accordance with the laws of the Republic of Estonia. If the respective dispute resulting from T&C or Agreement could not be settled by the negotiations, then the dispute will be finally solved in Harju County Court in Tallinn, Estonia. If any provision of the T&C is held to be unenforceable, the parties will substitute for the affected provision an enforceable provision that approximates the intent and economic effect of the affected provision.

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