Terms and Conditions for Society of Family Offices PTD.
Society of Family Offices (SFOasia.org)
The information published by Society of Family Offices Ptd (“SFO”) is for information only. It is based on information or opinions obtained from sources believed to be reliable and to the maximum extent permitted by law, SFO does not make any representation or warranty (express or implied) as to its accuracy, completeness, timeliness or correctness for any particular purpose. Any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment or securities. Foreign exchange transactions involve risks. The information published is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter into any transaction; nor is it calculated to invite, nor does it permit the making of offers to the public to subscribe to or enter into any transaction, and should not be viewed as such. SFO and its respective directors, affiliate, members, other participants may have positions or other interests in, and may effect discussions, deal flow access, projects, initiatives, transactions in securities and may also perform or seek to perform broking, investment banking and other banking or financial services to any persons or entities. To the maximum extent permitted by law, SFO accepts no liability for any losses or damages (including direct, special, indirect, consequential, incidental or loss of profits) of any kind arising from or in connection with any reliance and/ or use of the information (including any error, omission or misstatement, negligent or otherwise) or further communication. The information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
Information garnered from families and its family offices will be vetted to the best of its ability through the due diligence channels available and use by SFO. This includes but is not limited to checks and highlighted activities related to:
a) Regulatory, in Anti-Money Laundering (AML), Know Your Client (KYC), as denoted by international financial institution regulations, but default by the definitions of Singapore.
b) Legal; any litigation or legal disturbance from a company level, subsidiaries, personal, or pending legal action can be highlighted and taken into consideration by the evaluating committee for risk associated pertaining to other participants and members. This is inclusive of cases of fraud, illegal business practices, and tax evasion.
c) Headline; any news related channels, from publicly available to subscription based, or archived that may highlight potential risk by association will be considered. SFO will perform gateway due diligence to the best of its ability and ascertain and diminish risks to the detriment of its activities, members, and participants. Any parties that have fraudulently represented itself or is not deemed suitable may be asked to leave, warrant litigation, or in itself be highlighted as a negative experience within the group.
Members, Affiliates, and Participants:
Families and its family offices, affiliates, participants and any other related parties engage within SFO on its invitation and sole discretion. SFO is a private association that is presided over by an evaluating committee comprised of a peer group of families or family offices that can collectively invite or disinvite participants. Closed door events for SFO is only available to its deemed suitable Family Offices or Family Members, and verified by the evaluating committee. All in person participants are asked to sign NDAs and Confidentiality pledges with SFO to protect the privacy of others and the SFO organization. SFO retains right to ask unexpected and unrelated parties to leave. Any party who has disclosed Confidential Information may be barred from attending future events or interacting with current participants. This is also at the sole discretion of the evaluating committee.
Where SFO discloses information to its agents or sub-contractors for these purposes, the agent or sub-contractor in question will be obligated to use that personal information in accordance with the terms of our privacy statement. In addition to the disclosures reasonably necessary for the purposes identified elsewhere above, examples including but not limited to website maintenance vendors and 3rd party company service providers, SFO may disclose information to the extent that it is required to do so by law, in connection with any legal proceedings or prospective legal proceedings, and in order to establish, exercise or defend its legal rights.
Securing your data
SFO will take reasonable technical and organisational precautions to prevent the loss, misuse or alteration of information. SFO will store all the personal information on secure servers. Information relating to electronic transactions entered into via this website (www.sfoasia.org) will be protected by encryption technology.
Cross-border data transfers
Confidentiality Terms and Agreement
It is understood and agreed to that the Discloser and the Recipient may exchange certain information in various forums including in-person at SFO events or activities, by other modes of communication including but not limited to email, text, social media, and group communication that may be considered confidential. To ensure the protection of such information and in consideration of the agreement to exchange said information, the parties agree as follows:
1. The confidential information to be disclosed can be described as and includes:
Technical and business information relating to Discloser’s proprietary ideas, patentable ideas copyrights and/or trade secrets, existing and/or contemplated products and services, software, schematics, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, business dealings, registered companies, personal information in addresses and contact information not publicly available regardless of whether such information is designated as “Confidential Information” at the time of its disclosure.
In addition to the above, Confidential Information shall also include, and the Recipient shall have a duty to protect, other confidential and/or sensitive information which is (a) disclosed by Discloser in writing and marked as confidential (or with other similar designation) at the time of disclosure; and/or (b) disclosed by Discloser in any other manner and identified as confidential at the time of disclosure and is also summarized and designated as confidential in a written memorandum delivered to Recipient.
2. Recipient shall use the Confidential Information only in its original purpose at time of disclosure and relationships with Discloser.
3. Recipient shall limit disclosure of Confidential Information within its own organization to its directors, officers, partners, members and/or employees having a need to know and shall not disclose Confidential Information to any third party (whether an individual, corporation, or other entity) without the prior written consent of Discloser. Recipient shall have satisfied its obligations under this paragraph if it takes affirmative measures to ensure compliance with these confidentiality obligations by its employees, agents, consultants and others who are permitted access to or use of the Confidential Information.
4. This Agreement imposes no obligation upon Recipient with respect to any Confidential Information (a) that was in Recipient’s possession before receipt from Discloser; (b) is or becomes a matter of public knowledge through no fault of Recipient; (c) is rightfully received by Recipient from a third party not owing a duty of confidentiality to the Discloser; (d) is disclosed without a duty of confidentiality to a third party by, or with the authorization of, Discloser; or (e) is independently developed by Recipient.
5. Discloser warrants that he/she has the right to make the disclosures under this Agreement.
6. This Agreement shall not be construed as creating, conveying, transferring, granting or conferring upon the Recipient any rights, license or authority in or to the information exchanged, except the limited right to use Confidential Information specified in paragraph 2. Furthermore and specifically, no license or conveyance of any intellectual property rights is granted or implied by this Agreement.
7. Neither party has an obligation under this Agreement to purchase any service, goods, or intangibles from the other party. Furthermore, both parties acknowledge and agree that the exchange of information under this Agreement shall not commit or bind either party to any present or future contractual relationship (except as specifically stated herein), nor shall the exchange of information be construed as an inducement to act or not to act in any given manner.
8. Neither party shall be liable to the other in any manner whatsoever for any decisions, obligations, costs or expenses incurred, changes in business practices, plans, organization, products, services, or otherwise, based on either party’s decision to use or rely on any information exchanged
9. If there is a breach or threatened breach of any provision of this Agreement, it is agreed and understood that Discloser shall have no adequate remedy in money or other damages and accordingly shall be entitled to injunctive relief; provided however, no specification in this Agreement of any particular remedy shall be construed as a waiver or prohibition of any other remedies in the event of a breach or threatened breach of this Agreement.
10. This Agreement states the entire agreement between the parties concerning the disclosure of Confidential Information and supersedes any prior agreements, understandings, or representations with respect thereto. Any addition or modification to this Agreement must be made in writing and signed by authorized representatives of both parties. This Agreement is made under and shall be construed according to the laws of Singapore. In the event that this agreement is breached, any and all disputes must besettled in a court of competent jurisdiction agreeable to both parties inclusive of Arbitration Centers.