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Chrysalis Serve Corporate FZ LLC DMCC - Website and Business Terms and Conditions

Chrysalis Serve Corporate FZ LLC DMCC Website Terms and Conditions

Chrysalis Serve Corporate FZ LLC DMCC Website Terms and Conditions

Chrysalis maintains the www.chrysalisserve.com Website (“Site”). The following are the terms of use that govern the use of the Site (“Terms of Use”). By using the Site you expressly agree to be bound by these Terms of Use and the www.chrysalisserve.com privacy policy and to follow these Terms of Use and all applicable laws and regulations governing the use of the Site. Chrysalis reserves the right to change these Terms of Use at any time, effective immediately upon posting on the Site. Please check this page of the Site periodically. We will note when there are updates to the Terms of Use at the bottom of the Terms of Use. If you violate these Terms of Use, Chrysalis may terminate your use of the Site, bar you from future use of the Site, and/or take appropriate legal action against you.

 Limited license

You are granted a limited, non-exclusive, revocable and non-transferable license to utilize and access the Site pursuant to the requirements and restrictions of these Terms of Use. Chrysalis may change, suspend, or discontinue any aspect of the Site at any time. Chrysalis may also, without notice or liability, impose limits on certain features and services or restrict your access to all or portions of the Site. You shall have no rights to the proprietary software and related documentation if any, provided to you in order to access the Site. Except as provided in the Terms of Use, you shall have no right to directly or indirectly, own, use, loan, sell, rent, lease, license, sublicense, assign, copy, translate, modify, adapt, improve, or create any new or derivative works from, or display, distribute, perform, or in any way exploit the Site, or any of its contents (including software) in whole or in part.

  • Site operation: United Arab Emirates is our Country of Domicile. Chrysalis controls this Site from the U.A.E. Chrysalis makes no representation that this Site is appropriate for use in other locations. If you use this Site from other locations you are responsible for ensuring compliance with local laws. You may not use, export or re-export any materials from this Site in violation of any applicable laws or regulations, including, but not limited to any U.A.E export laws and regulations.
  • Applicable law: The Laws of the United Arab Emirates shall govern the use of the Site and the Terms of Use, without regards to conflict of laws principals. All disputes arising in connection therewith shall be heard only by a court of competent jurisdiction in U.A.E.
  • Multi-currency priced transaction: the displayed price and currency selected by you, will be the same price and currency charged to the Card and printed on the Transaction Receipt.
  • Purchases: Company accepts payment by Visa or Mastercard debit and credit cards in AED for its products and services. All online purchases are also governed by the terms and conditions of respective merchant service providers. Please review respective merchant service provider’s user agreement and privacy policy before entering any transaction. Interpretation. These Terms of Use supersede all other written and oral communications or agreements with regard to the subject matters discussed in these Terms of Use. A waiver or modification of these Terms of Use will only be effective if made in writing signed by an authorized officer of COMPANY. All refunds will be made onto the original mode of payment.
  • Office Foreign Assets Control (OFAC) sanctioned countries: Chrysalis will not trade with or provide any services to individuals and companies owned or controlled by, or acting for or on behalf of, OFAC targeted countries AND individuals, groups, and entities, such as terrorists and narcotics traffickers designated under the OFAC programs that are not country-specific.
  • Representations by you: By visiting the Site, you represent, warrant and covenant that (a) you are at least 18 years old; (b) that all materials of any kind submitted by you to Chrysalis through the Site or for inclusion on the Site will not plagiarize, violate or infringe upon the rights of any third-party including trade secret, copyright, trademark, trade dress, privacy, patent, or other personal or proprietary rights. The customer using the website who are Minor /under the age of 18 shall not register as a User of the website and shall not transact on or use the website.
  • Permitted use: You agree that you are only authorized to visit, view and to retain a copy of pages of this Site for your own personal use, that you shall not duplicate, download, publish, modify or otherwise distribute the material on this Site for any purpose other than for personal use, unless otherwise specifically authorized by Chrysalis to do so. You also agree not to deep-link to the site for any purpose, unless specifically authorized by Chrysalis to do so. The content and software on this Site is the property of Chrysalis. The cardholder must retain a copy of transaction records and Merchant policies and rules.
  • Your account: If you use Chrysalis Site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your account from any devices, and you agree to accept responsibility for all activities that occur under your account or password. The Site shall not be responsible or liable, directly or indirectly, in any way for any loss or damage of any kind incurred as a result of, or in connection with, your failure to comply with this section.

No commercial use

This Site may not be used by you for any commercial purposes such as to conduct sales of merchandise or services of any kind. You must obtain Chrysalis’ prior written consent to make commercial offers of any kind on the Site, whether by advertising, solicitations, links, or any other form of communication. Chrysalis will investigate and take appropriate legal action against anyone who violates this provision, including without limitation, removing the offending communication from the Site and barring such violators from use of the Site.

Links and search results

The Site may automatically produce search results that reference and/or link to third party sites throughout the World Wide Web. Chrysalis has no control over these sites or the content within them. Chrysalis does not guarantee, represent or warrant that the content contained in the sites is accurate, legal and/or inoffensive. Chrysalis does not endorse the content of any third-party site, nor does it make any representation or warranty about these sites, including that they will not contain viruses or otherwise impact your computer. By using the Site to search for or link to another site, you agree and understand that you may not make any claim against Chrysalis for any damages or losses, whatsoever, resulting from your use of the Site to obtain search results or to link to another site. If you have a problem with a link from the Site, you may notify us at [email protected].

Copyright policy

COMPANY may terminate the privileges of any user who uses this Site to unlawfully transmit copyrighted material without a license, express consent, valid defence or fair use exemption to do so. If you submit information to this Site, you warrant that the information does not infringe the copyrights or other rights of third parties.

Intellectual property

Although Chrysalis is not responsible for the content, quality or accuracy of data provided by users, compilations of such data, text, information and other materials are made available to users through Chrysalis’ system. The On-line Materials are Chrysalis’ intellectual property and are protected by the U.S. and international intellectual property laws. The On-line Materials may not be copied or redistributed either in whole or in part without the prior written consent of Chrysalis, except as expressly and specifically permitted under these Terms of Use.

The On-line Materials are and will remain the exclusive property of Chrysalis. All rights, titles and interests in and to the Online Materials will be and remain vested solely in Chrysalis. Under no circumstances will you have any right, directly or indirectly, to own, use, copy, loan, sell, rent, lease, license, sublicense, redistribute, assign or otherwise convey the Online Materials, or any rights thereto, except as expressly and specifically provided in the Terms of Use. Nothing in these Terms of Use will convey to you any right, title or interest, except that of a license with the express rights and subject to all limitations herein. Nothing in these Terms of Use grants you the right, directly or indirectly, to use the On-line Materials to create a product for resale or to use the On-line Materials in any way that competes with Chrysalis.

You acknowledge and agree that Chrysalis will own all rights, titles and interests in and to any copy, translation, modification, adaptation, derivative work or improvement of the On-line Materials made by or for you. At Chrysalis’ request, you must execute, or obtain the execution of, any instrument that may be necessary to assign these rights, titles or interests to Chrysalis or perfect these rights, titles or interests in Chrysalis’ name.

Disclaimer of warranty, limitation of damages

Chrysalis makes no warranty or representation of any kind, either express or implied, including but not limited to the warranty of title or non-infringement or implied warranty of merchantability, fitness for a particular purpose, non-infringement or other violation of rights in relation to the availability, accuracy, validity, reliability or content of these pages and/or the site. The company also does not make any representation or warranty regarding the accuracy or reliability of any advice, opinion, statement or other information that is submitted, displayed or uploaded through the site by any user. Company shall not be liable for any direct, indirect, incidental, special or consequential damages, lost profits or for business interruption arising out of the use of or inability to use this site, even if the company has been advised of the possibility of such damages. Some jurisdictions do not allow the exclusion of certain warranties or limitations of liability, so the above limitations or exclusions may not apply to you. The liability of the Chrysalis would in such a case be limited to the greatest extent of liability permitted by law.

Violation of terms of use

You understand and agree that in Chrysalis' sole discretion, and without prior notice, Chrysalis may terminate your access to the Site, or exercise any other remedy available and remove any unauthorized user information if Chrysalis believes that the information you provide has violated or is inconsistent with these Terms of Use, or violates the rights of Chrysalis, or any third party, or violates the law. You agree that monetary damages may not provide a sufficient remedy to Chrysalis for violations of these Terms of Use and you consent to injunctive or other equitable relief for such violations. Chrysalis may release user information about you if required by law or subpoena.

Indemnity

You agree to indemnify and hold Chrysalis, its subsidiaries, affiliates, officers, agents and other partners and employees, harmless from any loss, liability, claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of or relating to your use of the Site, including also your use of the Site to provide a link to another site or to upload content or other information to the Site, or your breach of the Terms of Use.

License granted to you

By providing materials to Chrysalis, including by submitting or uploading content or materials for use on the Site you represent and warrant that you or the owner of all rights to such content or materials has expressly granted Chrysalis an irrevocable worldwide right in all languages and in perpetuity to use and exploit all or any part of the content and materials provided by you. Chrysalis may publish and distribute any such submitted content or materials at its sole discretion by any method now existing or later developed. You agree that you shall waive all claims and have no recourse against Chrysalis for any alleged or actual infringement or misappropriation of any proprietary rights in any communication, content or material submitted to Chrysalis. Any communication or materials you send to Chrysalis will be treated as non-confidential and non-proprietary and may be disseminated or used by Chrysalis for any purpose, including, but not limited to, developing, creating, manufacturing or marketing products or services.

Advertising

The Site may contain advertisements and/or sponsorships. The advertisers and/or sponsors that provide these advertisements and sponsorships are solely responsible for ensuring that the materials submitted for inclusion on the Site are accurate and comply with all applicable laws. Chrysalis is not responsible for the acts or omissions of any advertiser or sponsor.

Severability

If any provision of the Terms of Use is held to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force and effect.

Chrysalis Serve Corporate FZ LLC DMCC Business Terms and Conditions

Chrysalis Serve Corporate FZ LLC DMCC Terms & Conditions of Business

The following terms and conditions of business “T&C” relates to any entity to be formed or to any of the services to be provided by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC, these T&C shall be included as an addendum to the mandate once selected and approved by all parties involved and once the client has engaged into business with CHRYSALIS SERVE CORPORATE FZ-LLC DMCC.

Parties involved in the T&C:

The individual(s) engaging/to engage and or has engaged and agreed into accepting business service to be provided with and via CHRYSALIS SERVE CORPORATE FZ-LLC DMCC; The person(s) on whose behalf CHRYSALIS SERVE CORPORATE FZ-LLC DMCC is providing a service/services.

In terms of conduct, duties are owed to clients of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC and this may sometimes include former and prospective clients. A client is not necessarily the same person as the individual paying for the legal services and are referred hereinto as the “Client(s)” and CHRYSALIS SERVE CORPORATE FZ-LLC DMCC referred hereinto next as “corporate service provider”.

Recitals:

The Client when instructing the corporate service provider, and the corporate service provider agrees to incorporate and to provide the required professional services for the company formation, liquidation on behalf of the Client in accordance with the provisions of the mandate.

  1. Appointment of Corporate Service provider.

The Client shall appoint the corporate service provider, and the corporate service provider IF agreed and IF accepted to act as a professional business services and company formation provider, upon the terms and subject to the provisions of the mandate.

  1. Duties

During the period of its appointment, the corporate service provider shall, subject to the overall direction of the ultimate beneficial owners of the Company, provide the professional business services for the conduct on behalf of the company, of all the routine day-to-day secretarial requirements of the Company as required by the regulator/the registrar [and act as Secretary to the Company] and, in particular, the corporate service provider shall;

  • provide such secretarial staff and other facilities as may be required for the purpose of fulfilling its duties under this Agreement [and registered agent, for service of process].
  • keep and maintain such records as are required by law for the proper conduct of the Company’s business affairs.
  • Provide professional directors’ services, secretaries’ services, as required. These offices will be the subject matter of an agreement between the Client and the service providers in question. 
  • dispatch to the Client (and to the auditors, if any) such notices, reports, financial statements and other written material as may be reasonably requested by them from time to time.
  • at any time during business hours, permit any duly appointed agent or representative of the Company, at the expense of the Company, to inspect any documents or records kept by the corporate service provider, and gives such agent or representative all information and assistance they may reasonably require.
  • provide such other facilities and perform such other services (including the keeping or provision of accounts) as may be agreed from time to time between the corporate service provider and the company.
  1. Delegation

In performing its obligations under this Agreement, the corporate service provider may delegate such of its duties and functions to agents as it in his discretion think fit, and may consult with independent counsel, accountants, compliance service advisors, law firms and any other persons to be selected and employed by it.

  1. Lien

The corporate service provider shall be indemnified by the Client in respect of fees properly charged and expenses (including out-of-pocket expenses) incurred in accordance with the attached Terms of Business and while any such fees and expenses remain unpaid, the corporate service provider shall have a lien over any papers, books or records belonging to the Company in the possession of the corporate service provider.

  1. Control

The corporate service provider may, at any time, do or refrain from doing any act, without reference to the Company or the Client, if in its absolute discretion; it deems it necessary or desirable to do so. The Corporate service provider shall be entitled to refuse to carry out or participate in any act or omission that is unlawful (and it shall be in the sole determination of the corporate service provider as to whether or not any such act or omission is unlawful). The corporate service provider shall not be liable to the Company or to the Client for any loss, damage or expense of any kind that may be suffered or incurred by the Company or the Client, as a result of the corporate service provider exercising its rights under this clause.

  1. The client willing to do business with Chrysalis Serve Corporate FZ LLC DMCC shall declare:

☑ That he/she is the economic beneficial owner to whom the Company and its assets belongs,

□ That the economic beneficial owner to whom the Company’s and its assets belong is:

Name(s)/ First name (s) or (company name)              Address/Country (or registered office)

____________________________________________               _________________________________________

____________________________________________               _________________________________________

  1. Obligations of the Client

The Client shall provide to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES due diligence documentation which may include without limitation, the following: (a) original certified copies of identity documents, (b) original certified proof of legal domicile not older than 3 months, (c) documents proving Client’s source of funds and source of wealth, as well as (d) a document showing current and past information of Client’s employment (CV or biography).

Depending on the Client’s Company structure, certified copies of corporate documentation, and certified translations might be required where applicable.

In keeping with the risk-based approach, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES might conduct enhanced due diligence (EDD) where additional documents are mandatory, such as original certified bank statements and bank reference letter, business plan and other documents evidencing Client’s source of funds and wealth.

Any certification of the original document should be certified as a true copy by either: (a) a registered lawyer; (b) a registered notary; (c) an embassy or consulate; or (d) by Apostille seal.

The Client is obliged to provide the requested due diligence material prior to the commencement of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES Services. Furthermore, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES reserve the rights to terminate any Agreement due to breach of this clause 7 during the Company renewal.

The Client certifies that each of the directors named in the Company order form submitted to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES and who has not signed a "Consent to Act as Director", has consented to be a director of the Company on its incorporation and that each director who is a natural person has attained the age of 18 years.

  1. Compliance

The Client confirm that any personal asset introduced in the Company has been regularly declared or will be declared in due time to the competent tax authorities.

  1. Fees and Payment Terms
  • General:
    The Client agrees to pay the Fees charged by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES for the provision of Services and any third-party disbursements incurred by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES related to the provision of the Services. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES shall start providing the Services only after the receipt of the full payment of the Fees. All Fees and charges are payable in the currency nominated by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES. The Client is not authorized to withhold Fees and interests due for any Service, guarantee or liability-related claims. In the same manner, any right of off-set on the part of the Client is hereby excluded.

  • Foundation and Management of the Company:
    The Client shall settle a one-time set-up fee for enabling the foundation of the Company in addition to the annual fees due on the Company renewal.

    The annual fee is a one-time charge per year paid upon registration or renewal of registration. It includes the on-going verification that the Company complies with local laws as well as the renewal of the head office, the corporate service provider “CSP” and governmental charges from the jurisdiction in question. The annual fee is non-refundable.

    The Client may pay the Fees due to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES using a valid Visa, Mastercard or American Express credit or debit card bearing his/her name, or by bank transfer. Clients transmitting credit card (or similar payment instrument) data to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES for the purpose of a payment, accept that CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES charges their credit card for the full amount of the Fees and/or expenses, taxes, duties due to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES in connection with the Service plus any disbursements or out-of-pocket expenses. The Client further agrees that CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES may save and use such credit card data in accordance with the present Terms and Conditions and CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s Privacy Policy.

  • Specific Card Payment Conditions:
    In the event a third party is making a card payment to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES on behalf of the Client, the Client warrants that the cardholder has authorized the payment, as well as the use of the card and processing of the card data by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES in accordance with the Terms and Conditions of Business and the Privacy Policy. The Client agrees to cause the cardholder to sign and comply with a cardholder statement.
  • Bank Account Opening Assistance:
    The Client shall settle a one-time Fee for the Bank Account Opening Assistance. Notwithstanding the above, Bank Account Opening Assistance fee can be changed at any time without prior notice and it may be quoted in any currency agreed by the parties.
  • Other Introduction Services:
    The Client shall settle a one-time non-refundable fee for CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s introduction and application assistance service with third party service providers. Such fee is paid in respect of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s service costs only. The Client understands that CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES will not be part of the relation between the Client and such third-party providers. The Client agrees that in the event the Client’s application is accepted, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES may receive finder’s fees from such third-party provider and the Client expressly renounces claiming the payment of such fees.
  1. Communication and Instructions

All communications in relation to the Services and the Company, including annual invoices, shall be deemed to have been properly communicated to the Client if sent to the email address notified to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES by the Client in writing and all such communications shall be deemed to have been properly received by the Client upon sending the email to the Client.

In case where a Client, contacts CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES via email address which is not Client’s previously registered email address, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES shall conduct identification process which includes but it is not limited to live video call and updated original certified copy of identity document. Where CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES receives mail on behalf of a Client or Company, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES retains the right to open that mail prior to informing the Client or Company of its receipt.

To enable CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES at all times to contact the Client, the Client shall provide full details of and promptly (no later than 14 days) inform CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES of any changes to his/her usual residential address, telephone number, fax number and/or email address.

All instructions or requests for action shall be transmitted to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES by the Client in writing. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES may, at its discretion, agree to act on any request or instruction given otherwise than in writing but in such event CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES shall not be liable in respect of any misunderstanding or error occasioned in processing such action or request acted upon in good faith.

In the event the Client terminates all CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES services for one or several registered companies, any notice of termination served by email must be sent to CHRYSALIS SERVE CORPORATE FZ-LLC Group Legal .

  1. Data Processing, Data Protection and Confidentiality

The recipients of Client’s personal data may include CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES affiliated companies acting as subcontractors or auxiliaries, the corporate service provider “CSP”s in the jurisdictions relevant to the Services, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES IT suppliers or financial providers such as our payment acquirers, other third-party service providers, including Banks, whom the Client has expressly requested to be introduced to, the public companies’ registries, and/or the legal authorities.

The Client is under an obligation to maintain his/her personal data up to date during the entire contractual relationship with CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, and to submit any required supporting document in relation to his/her update obligation in the exact form prescribed by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES.

The Client warrants that he/she has secured the valid legal authorization of any applicable data subject whose personal data he/she transferred to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES and that such data subject has consented to the processing of their personal data by or through CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES for the purpose of the Service performance or in application of due diligence obligations.

CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, its directors, employees or agents, are required to handle Client’s data with confidentiality and shall not disclose such information in any way whatsoever except as provided herein. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES is authorized to release privileged and confidential information (i) for the proposes intended by giving such information, and (ii) as required by law, any governmental or other regulatory authority or by a court or other authority of competent jurisdiction considering the that such disclosure shall be within the scope of the request.

Despite all security precautions developed and implemented by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, data including e-mail electronic communications and personal financial data may be accessed by unauthorized third parties when communicated between CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, Clients and third parties.

The information provided in this Clause 9 is only an informative introduction to data protection.

  1. Legal Incapacity

The Client shall bear the risk of any damage arising from any lack of legal capacity of his/her person and his/her attorneys or other third parties, unless such incapacity has been communicated to CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES in writing.

  1. Liabilities
  • The Client shall at all times hereafter indemnify and keep indemnified CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES against all actions, suits, proceedings, claims, demands, costs, charges, expenses and consequences whatsoever which may be taken or instituted against CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES or which may be incurred or become payable by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES by reason of or on account of (i) CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES having acted or declined to act on any instructions or otherwise pursuant to these Terms and Conditions or the Agreement, (ii) CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES providing registered office or other Services in respect of the Company or (iii) CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, either directly or through third party, providing a representative or nominee shareholder and nominee director of the Company pursuant to these Terms and Conditions or the Agreement.
  • Without prejudice to any specific provision, any damage resulting from an error or omission of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, its directors, employees, or agents shall be borne by the Client, unless CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, its directors, employees, or agents has acted with gross negligence or fraud. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES will not be liable for any loss sustained as a result of any mechanical breakdown, strike, delay or failure of any staff, manager, or caretaker to perform their duties.
  • Any damage whatsoever caused by or arising from, directly or indirectly, the error, failure, negligence, act or omission of any other person, system, institution, or payment infrastructure shall be borne by the Client.
  • Damage or loss resulting from the use of electronic communication, postal services, telegraph, telex, facsimile, telephone, other means of communications or means of transportation, especially loss resulting from delay, misunderstanding, mutilation, abuse by third parties or duplication of copies, shall be borne by the Client, unless CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES has acted in gross negligence.
  • In the specific case of a Bank Account Opening Assistance, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES is a third party to the relationship between the Bank and the Client. Therefore, under no circumstance can CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES be held responsible of the relationship between the Bank and the Client. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES does not act as trustees or asset managers, and as such it does not have access to Company’s financial resources or bank accounts. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES has no authority to act and does not purport to act as an employee, representative or officer of any Bank and/ or to sign on behalf or otherwise incur any liability of any sort on behalf of any Bank.
  1. Duration, Termination and Suspension of Services

  • In General:
    Any Agreement lasts for the period stated in it and will then automatically be extended for successive periods equal to the length of the initial term. In all other aspects, any Agreement will automatically renew on the same terms and conditions. Either CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES or the Client can terminate any Agreement at the end date stated in it, or at the end of any extension or renewal period, by giving at least two months written notice to the other. Termination shall be without prejudice to any rights or liabilities of any party either arising prior to termination or arising in respect of any act or omission occurring prior to termination.

    In case of violation of applicable laws or the present Terms and Conditions of Business by the Client, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES may terminate any Agreement with immediate effect, including any Agreement regarding Additional Services provided by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s affiliated companies or third parties. In such a case the Client must take all necessary actions to replace any position being vacant in any Company as a consequence of any such termination and it is explicitly agreed that CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES cannot be held liable for any damage following such an immediate termination.

  • Foundation and Management of the Company:
    In the event that the Client terminates the Agreement or requests CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES to transfer the management of the Company to another agent or corporate service provider or to liquidate the Company, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES will not transfer or liquidate the Company until all outstanding disbursement, expenses and/or fees (including but not limited to, government fees, duties, taxes and other third party disbursements together with nominee directors or shareholders fees and a transfer fee of USD 1,250.00) have been paid in full. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, furthermore, reserves the right to withhold transfer, liquidation and/or dissolution of the Company until all due diligence documents have been updated in accordance with the Clause 7 of these Terms and Conditions of Business.

    As soon as the Company has been founded and is registered within the relevant jurisdiction, the Client undertakes to sign the mandate agreement in favour of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES that is attached to the present Terms and Conditions of Business. CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES may refuse to forward to the Client the corporate documents relating to the Company as long as the mentioned mandate agreement is not signed.

    The Client shall receive a full refund of the set-up fee minus courier charges if the following three conditions are met: (i) CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES is not able to incorporate the Company for the Client AND (ii) CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES has received all the necessary documents certified and duly completed by the Client in accordance with the Clause 7 above, AND (iii) the request for the refund is made within 60 days of payment of the set-up fee by the Client.

    The Client will receive a credit note equal to the amount paid, in the event Client decides to cancel the order for convenience or if he is unable to provide the list of documents requested by CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES for processing the order.

  • Bank Account Opening Assistance:
    Any Client may decide to cancel his order application for Bank Account Opening Assistance within three (3) calendar days following the payment of Bank Account Opening Assistance Fee. The Client acknowledges that CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s role is to introduce the Client to the Banks which might accept to open the bank account on Client’s behalf and liaise between them. If the Client was unable to secure a bank account after CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES’s introduction to three (3) different Banks, we remind by the latter that the acceptance or the rejection of any bank account request is at the sole discretion of the bank and or the banker/ the financial institution who may onboard or disqualify any application with or without any prior consent to the applicant/client.
  • Performance of a Refund:
    Refunds will be done only through the original mode of payment and to the payors account.
  1. Severability

If any term or condition contained herein is or may become under any written law or is found by any court or administrative body or competent jurisdiction to be illegal, invalid, prohibited, or unenforceable then such term or condition shall be ineffective to the extent of such illegality, voidness, invalidity, prohibition, or unenforceability. The remaining terms or conditions herein shall remain in full force and effect.

  1. Assignment

To execute the Services, CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES reserves the right to engage subcontractors who are within its authority. Rights and obligations of the Client resulting from any Agreement can only be transferred to third parties with the written consent of CHRYSALIS SERVE CORPORATE FZ-LLC DMCC AND/OR ITS LEGAL SUBSIDIARIES, subject to compliance approval.

  1. Applicable Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of the Dubai Multi-Commodities Center “DMCCA”. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be subject to the exclusive jurisdiction of the Courts of the Dubai International Financial Centre.