SoCal Venture Pipeline Program Terms and Conditions

SoCal Venture Pipeline Program TERMS AND CONDITIONS

Last updated: September 20, 2022

1.  INTRODUCTION

These SoCal Venture Pipeline Program Terms and Conditions govern your application to, and participation in, the SoCal Venture Pipeline program (the “SVP Program”) organized by the Alliance for Southern California Innovation, a 501(c)(6) not-for-profit organization, and its affiliates (together, “SoCal”, “we”, “our”, “us”). 

2.  ELIGIBILITY

The SVP Program is open to all companies gearing up to raise their first round of institutional funding within the next six to twelve months.  Your company must be based in or otherwise have a principal business office in Southern California.   It is your responsibility to make sure that you provide true and accurate information when completing the SVP Program application.  Please refer to our Privacy Policy regarding how we may use the information you submit to us in connection with your application to, and participation in, the SVP Program.

3. DISCLAIMER

The SVP Program and any other services offered by us are intended solely to operate as a platform which may bring you into contact with parties with the purpose of conducting business, completing transactions, signing contracts, and/or making arrangements relating to potential funding.  We assume no liability, and we make no representations or warranties of any kind for any third parties you may be connected with through your participation in the SVP Program. We do not commit ourselves to providing any advice or assistance, of any type and significance.  It is your sole responsibility to prepare for meetings with potential investors and take all precautions before making any agreements with them. You should seek professional advice if you deem this necessary.

4. LIMITATION OF LIABILITY

TO THE EXTENT NOT PROHIBITED BY LAW, YOU AGREE THAT IN NO EVENT WILL WE BE LIABLE TO YOU FOR DAMAGES OF ANY KIND, INCLUDING DIRECT, INDIRECT, SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF USE, DATA OR PROFITS, BUSINESS INTERRUPTION OR ANY OTHER  DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR APPLICATION TO, AND PARTICIPATION IN, THE SVP PROGRAM), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  OUR TOTAL LIABILITY TO YOU FOR ANY DAMAGES FINALLY AWARDED SHALL NOT EXCEED THE AMOUNT OF ONE HUNDRED DOLLARS ($100.00).

5. ARBITRATION AND CLASS ACTION WAIVER

You agree that in the event of any dispute between you and SoCal, you will first contact us and make a good faith sustained effort to resolve the dispute before resorting to more formal means of resolution.

After the informal dispute resolution process, any remaining dispute, controversy, or claim (collectively, “Claim”) relating in any way to your application to, or participation in, the SVP Program, will be resolved by arbitration, including threshold questions of arbitrability of the Claim.  Any Claim will be settled by final and binding arbitration in Los Angeles, California, using the English language, administered by JAMS under its Comprehensive Arbitration Rules and Procedures (the “JAMS Rules”) then in effect. Arbitration will be handled by a sole arbitrator in accordance with the JAMS Rules. Judgment on the arbitration award may be entered in any court that has jurisdiction. Any arbitration will take place on an individual basis – class arbitrations and class actions are not permitted. You understand that by agreeing to these Terms and Conditions, you and SoCal are each waiving the right to trial by jury or to participate in a class action or class arbitration. Notwithstanding the foregoing, you and SoCal will have the right to bring an action in a court of proper jurisdiction for injunctive or other equitable or conservatory relief, pending a final decision by the arbitrator. You may also instead assert your claim in “small claims” court, but only if your claim qualifies, your claim remains in such court and your claim remains on an individual, non-representative and non-class basis.

6. NO PARTNERSHIP OR AGENCY

Nothing herein should be read as establishing a partnership or joint venture of any kind between SoCal and you, as an applicant or participant in the SVP Program. Neither SoCal nor you shall act as an agent for each other, and neither SoCal nor you shall have authority to act in the name or on behalf of the other in any way.

7. GOVERNING LAW

These Terms and Conditions are governed by the laws of the State of California, without regard to conflict of laws rules.

8. How to Contact Us

You may contact us regarding the SVP Program or these Terms and Conditions at: 251 S. Lake Avenue, Suite 800, Pasadena, CA 91101, by phone at (626) 737-9739 or by e-mail at info@alliancesocal.org.