Advertisements

Please read all these terms and conditions.

Attributions;

As we can accept your order and make a legally enforceable agreement without further reference to you, you must read these terms and conditions in full to make sure that they contain all that you want and nothing that you are not happy with. If you are not sure about anything, just phone us on 01273 500246 (UK).

These Terms and Conditions will apply to the purchase of the goods, services, and the take up of any promotion or special offer, including the lend us money offer (Buy or lend) , by you (the Customer or you or your or the lender(s)).

We are RE systems ltd a company registered in England and Wales under number 07373595  whose registered office is at 89 Woodland Drive, Sussex , Bn36DF with email address;  sales@new-otec.com  – telephone number 01273500246; (the company, Supplier or us or we).

These are the terms on which we agree to provide Goods to you. By ordering any of the Goods, you agree to be bound by these Terms and Conditions. By ordering any of the Services, you agree to be bound by these Terms and Conditions.  By ordering any of the promotions and special offers, you agree to be bound by these Terms and Conditions.
Interpretation
Consumer means an individual acting for purposes which are wholly or mainly outside his or her trade, business, craft or profession;
Contract means the legally-binding agreement between you and us for the supply of the Goods;
Delivery Location means the Supplier’s premises or other location where the Goods are to be supplied, as set out in the Order;
Durable Medium means paper or email, or any other medium that allows information to be addressed personally to the recipient, enables the recipient to store the information in a way accessible for future reference for a period that is long enough for the purposes of the information, and allows the unchanged reproduction of the information stored;
Goods means the goods, services, offers, advertised on the Website that we supply to you of the number and description as set out in the Order;
Order means the Customer’s order for the Goods from the Supplier as submitted following the step by step process set out on the Website;
Privacy Policy means the terms which set out how we will deal with confidential and personal information received from you via the Website;
Website means our website www.new-otec.com  which the Goods are advertised.
Goods
The description of the Goods is as set out in the Website, catalogues, brochures or other form of advertisement. Any description is for illustrative purposes only and there may be small discrepancies in the size and colour of the Goods supplied.
In the case of any Goods made to your special requirements, it is your responsibility to ensure that any information or specification you provide is accurate.
All Goods, services, offers, which appear on the Website are subject to availability.
We can make changes to the Goods, services, offers which are necessary to comply with any applicable law or safety requirement. We will notify you of these changes.
Personal information and Registration
When registering to use the Website you must set up a username and password. You remain responsible for all actions taken under the chosen username and password and undertake not to disclose your username and password to anyone else and keep them secret.
We retain and use all information strictly under the Privacy Policy.
We may contact you by using e-mail or other electronic communication methods and by pre-paid post and you expressly agree to this.
Basis of Sale
The description of the Goods offers, services, in our website does not constitute a contractual offer to sell the Goods. When an Order has been submitted on the Website, we can reject it for any reason, although we will try to tell you the reason without delay.
The Order process is set out on the Website. Each step allows you to check and amend any errors before submitting the Order. It is your responsibility to check that you have used the ordering process correctly.
A Contract will be formed for the sale of Goods ordered only when you receive an email from us confirming the Order (Order Confirmation). You must ensure that the Order Confirmation is complete and accurate and inform us immediately of any errors. We are not responsible for any inaccuracies in the Order placed by you. By placing an Order you agree to us giving you confirmation of the Contract by means of an email with all information in it (ie the Order Confirmation). You will receive the Order Confirmation within a reasonable time after making the Contract, but in any event not later than the delivery of any Goods supplied under the Contract.
Any quotation is valid for a maximum period of 30 days from its date, unless we expressly withdraw it at an earlier time.
No variation of the Contract, whether about description of the Goods, Fees or otherwise, can be made after it has been entered into unless the variation is agreed by the Customer and the Supplier in writing.
We intend that these Terms and Conditions apply only to a Contract entered into by you as a Consumer. If this is not the case, you must tell us, so that we can provide you with a different contract with terms which are more appropriate for you and which might, in some respects, be better for you, eg by giving you rights as a business.
Price and Payment
The price of the Goods and any additional delivery or other charges is that set out on the Website at the date of the Order or such other price as we may agree in writing.
Prices and charges include VAT at the rate applicable at the time of the Order.
You must pay by submitting your credit or debit card details with your Order and we can take payment immediately or otherwise before delivery of the Goods.
Delivery
We will deliver the Goods, to the Delivery Location by the time or within the agreed period or, failing any agreement, without undue delay and, in any event, not more than 30 days after the day on which the Contract is entered into.
In any case, regardless of events beyond our control, if we do not deliver the Goods on time, you can (in addition to any other remedies) treat the Contract at an end if:
we have refused to deliver the Goods, or if delivery on time is essential taking into account all the relevant circumstances at the time the Contract was made, or you said to us before the Contract was made that delivery on time was essential; or
after we have failed to deliver on time, you have specified a later period which is appropriate to the circumstances and we have not delivered within that period.
If you treat the Contract at an end, we will (in addition to other remedies) promptly return all payments made under the Contract.
If you were entitled to treat the Contract at an end, but do not do so, you are not prevented from cancelling the Order for any Goods or rejecting Goods that have been delivered and, if you do this, we will (in addition to other remedies) without delay return all payments made under the Contract for any such cancelled or rejected Goods. If the Goods have been delivered, you must return them to us or allow us to collect them from you and we will pay the costs of this.
If any Goods form a commercial unit (a unit is a commercial unit if division of the unit would materially impair the value of the goods or the character of the unit) you cannot cancel or reject the Order for some of those Goods without also cancelling or rejecting the Order for the rest of them.
We do not generally deliver to addresses outside England and Wales, Scotland, Northern Ireland, the Isle of Man and Channels Islands. If, however, we accept an Order for delivery outside that area, you may need to pay import duties or other taxes, as we will not pay them.
You agree we may deliver the Goods in instalments if we suffer a shortage of stock or other genuine and fair reason, subject to the above provisions and provided you are not liable for extra charges.
If you or your nominee fail, through no fault of ours, to take delivery of the Goods at the Delivery Location, we may charge the reasonable costs of storing and redelivering them.
The Goods will become your responsibility from the completion of delivery or Customer collection. You must, if reasonably practicable, examine the Goods before accepting them.
Risk and Title
Risk of damage to, or loss of, any Goods will pass to you when the Goods are delivered to you.
You do not own the Goods until we have received payment in full. If full payment is overdue or a step occurs towards your bankruptcy, we can choose, by notice to cancel any delivery and end any right to use the Goods still owned by you, in which case you must return them or allow us to collect them.
Withdrawal and cancellation
You can withdraw the Order, by telling us before the Contract is made, if you simply wish to change your mind and without giving us a reason, and without incurring any liability.
This is a distance contract (as defined below) which has the cancellation rights (Cancellation Rights) set out below. These Cancellation Rights, however, do not apply, to a contract for the following goods (with no others) in the following circumstances:
goods that are made to your specifications or are clearly personalised;
goods which are liable to deteriorate or expire rapidly.
Also, the Cancellation Rights for a Contract cease to be available in the following circumstances:
in the case of any sales contract, if the goods become mixed inseparably (according to their nature) with other items after delivery.
Right to cancel
Subject as stated in these Terms and Conditions, you can cancel this contract within 14 days without giving any reason.
The cancellation period will expire after 14 days from the day on which you acquire, or a third party, other than the carrier indicated by you, acquires physical possession of the last of the Goods. In a contract for the supply of goods over time (ie subscriptions), the right to cancel will be 14 days after the first delivery.
To exercise the right to cancel, you must inform us of your decision to cancel this Contract by a clear statement setting out your decision (eg a letter sent by post, fax or email). You can use the attached model cancellation form, but it is not obligatory. In any event, you must be able to show clear evidence of when the cancellation was made, so you may decide to use the model cancellation form.
You can also electronically fill in and submit the model cancellation form or any other clear statement of the Customer’s decision to cancel the Contract on www.new-otec.com .  If you use this option, we will communicate to you an acknowledgement of receipt of such a cancellation in a Durable Medium (eg by email) without delay.
To meet the cancellation deadline, it is sufficient for you to send your communication concerning your exercise of the right to cancel before the cancellation period has expired.
Effects of cancellation in the cancellation period
Except as set out below, if you cancel this Contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
Deduction for Goods supplied
We may make a deduction from the reimbursement for loss in value of any Goods supplied, if the loss is the result of unnecessary handling by you (ie handling the Goods beyond what is necessary to establish the nature, characteristics and functioning of the Goods: eg it goes beyond the sort of handling that might be reasonably allowed in a shop). This is because you are liable for that loss and, if that deduction is not made, you must pay us the amount of that loss.
Timing of reimbursement
If we have not offered to collect the Goods, we will make the reimbursement without undue delay, and not later than:
14 days after the day we receive back from you any Goods supplied, or
(if earlier) 14 days after the day you provide evidence that you have sent back the Goods.
If we have offered to collect the Goods or if no Goods were supplied, we will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to cancel this Contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of the reimbursement.
Returning Goods
If you have received Goods in connection with the Contract which you have cancelled, you must send back the Goods or hand them over to us at 89 Woodland Drive, Sussex , Bn36DF without delay and in any event not later than 14 days from the day on which you communicate to us your cancellation of this Contract. The deadline is met if you send back the Goods before the period of 14 days has expired. You agree that you will have to bear the cost of returning the Goods.
For the purposes of these Cancellation Rights, these words have the following meanings:
distance contract means a contract concluded between a trader and a consumer under an organised distance sales or service-provision scheme without the simultaneous physical presence of the trader and the consumer, with the exclusive use of one or more means of distance communication up to and including the time at which the contract is concluded;
sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object.
Conformity
We have a legal duty to supply the Goods in conformity with the Contract, and will not have conformed if it does not meet the following obligation.
Upon delivery, the Goods will:
be of satisfactory quality;
be reasonably fit for any particular purpose for which you buy the Goods which, before the Contract is made, you made known to us (unless you do not actually rely, or it is unreasonable for you to rely, on our skill and judgment) and be fit for any purpose held out by us or set out in the Contract; and
conform to their description.
It is not a failure to conform if the failure has its origin in your materials.
Successors and our sub-contractors
Either party can transfer the benefit of this Contract to someone else, and will remain liable to the other for its obligations under the Contract. The Supplier will be liable for the acts of any sub-contractors who it chooses to help perform its duties.
Circumstances beyond the control of either party
In the event of any failure by a party because of something beyond its reasonable control:
the party will advise the other party as soon as reasonably practicable; and
the party’s obligations will be suspended so far as is reasonable, provided that that party will act reasonably, and the party will not be liable for any failure which it could not reasonably avoid, but this will not affect the Customer’s above rights relating to delivery and any right to cancel, below.
Excluding liability
The Supplier does not exclude liability for: (i) any fraudulent act or omission; or (ii) for death or personal injury caused by negligence or breach of the Supplier’s other legal obligations. Subject to this, the Supplier is not liable for (i) loss which was not reasonably foreseeable to both parties at the time when the Contract was made, or (ii) loss (eg loss of profit) to the Customer’s business, trade, craft or profession which would not be suffered by a Consumer – because the Supplier believes the Customer is not buying the Goods wholly or mainly for its business, trade, craft or profession.
Governing law, jurisdiction and complaints
The Contract (including any non-contractual matters) is governed by the law of England and Wales.
Disputes can be submitted to the jurisdiction of the courts of England and Wales or, where the Customer lives in Scotland or Northern Ireland, in the courts of respectively Scotland or Northern Ireland.
We try to avoid any dispute, so we deal with complaints in the following way: If a dispute occurs customers should contact us to find a solution. We will aim to respond with an appropriate solution within 5 days.

Lending terms and conditions –

When a customer Lends us money they agree to the following;

Description

What are you going to do with the investment?
The funds will be used to pay for;

Intellectual property – Patents – Copyright – trademarks.
Technical demonstrations.
Expert design assistance.

Hardware.

How do we plan to make money?-

The lender understands we aim to generate revenue and profit from at least one of the following;

WordAds.
Patent licencing – or sale

The sale of OTEC or SWAC equipment.
The sale of electricity, desalinated water, cold water, cooling power.

The sale of services.

Commission paid for subcontracting services.

Limited Offer;

If we generate:
£300k net profit – we’ll pay you 1.1 x what you paid.
£500k net profit – we’ll pay you 2 x what you paid.
£1 million net profit – we’ll pay you 4 x what you paid.
£1.5 million net profit – we’ll pay you 8 x what you paid.
£3million net profit – we’ll pay you 12 x what you paid.

The repayment terms are as follows:

Lend us money.
You receive a coupon, along with a receipt describing the offer and the amount you lent.
Time passes – We make (£-X) profit.
You return the coupon.
You are paid the return you are due according to the offer.

How do I claim my money?

Return the coupon by post.
We pay you the return you are owed.  It’s that simple.
You can check our net. profits online or you can contact us.

We agree to make a reasonable effort to notify lenders of our net. profit.

Definitions;

Card = the physical item –

Receipt = confirmation of order – receipt can be used in order to acquire a refund up to the value of the order.

Coupon = a redeemable item which can be returned in order to claim what was on offer.  Coupons are used to claim something other than what was purchased.

The coupon we send will be in the form of a postcard which functions as a receipt and coupon

If the customer is not satisfied with the offer, terms, postcard, coupon, receipt, they may request a refund up to 14 days from first delivery –   The customer agrees we may not be forced to pay additional compensation before or after this date in the event of a refund request.

Guarantees, Fair practice and refund requests.

The company RE systems ltd.  – 07373595 – guarantees that no intellectual property, goods, revenue etc. will be passed onto any other company in the possession of or in association with the company and it’s directors as individuals without appropriate remuneration to the company – RE systems ltd. – 07373595 –  So as to ensure that lenders are not unfairly deprived of their return on investment.

If there is a dispute, lenders may ask for a refund by request in writing, stating why they believe the terms and conditions of the offer have been violated.  Lenders agree to offer RE systems ltd. up to 24 months to refund the loan.

The lender understands the 24 month repayment period is for the sake of protecting the company from unfair repayment requests during potentially critical periods in the companies annual cycle.  Lenders may also assume that the refund will be issued sooner than 24 months.  The lender accepts that the companies interests come before those of the lender.

The offer is made in good faith and refund requests may be made and may be granted, if the lender can prove the company and its directors have not behaved in good faith or have not behaved in accordance with the companies generic shareholder agreement or the companies memorandum and articles of association.

If no funds are available for a refund over an extended period of time of 24 months; lenders agree that share options shall be offered and lenders agree that shares will be issued in line with an overall company value not less than £5million.    If the company can be shown to have a higher value, shares will be issued according to the higher value.

No refund is due simply because the business is not succeeding in the eyes of the lender.  Unreasonable refund requests will be ignored by the company, if the board of directors agree that the refund request is unreasonable and if the same refund request is made more 3 times.

The company is not responsible for any tax due on return of your investment.

Maximum lending amount per individual.

Loans greater than £5000 may be refused.  If a lender, lends a greater amount by accident, at least the funds lent over £5000 will be returned immediately without any additional compensation.  Lenders may be asked for additional information or asked to hold a conversation or meeting with at least one of the company directors after which time loans greater than £5000 may be accepted.

Company maximum borrowing – rules for protecting the company it’s shareholders and other lenders.

The company may not borrow more than it can afford to pay back.

The company may borrow money using the success based lending model.

The company may offer up to 40% of its net profits to lenders who are lending through www.new-otec.com or www.new-otec.co.uk

The company may not offer more than 40 % of its net profits to lenders who are lending through the www.new-otec.com – or .co.uk – website.

In the event of an error, lenders agree that funds will simply be refunded.

No more funds will be refunded than the amount accepted in error.

The error will be corrected and lending can continue.

Refund terms after the statutory 14 days are the same as those laid out above in the section named; Guarantees, Fair practice and refund requests.

The company may not be forced to pay back more than what it can afford by lenders using the website – www.new-otec.com or www.new-otec.co.uk .  This is to protect shareholders and other lenders.

It is assumed that 40 % of net profits will never be more than what the company can afford to pay out.  However, In order to protect shareholders and lenders; all lenders agree that if the company can prove that paying out at the proposed maximum rate of 40% of net profit or any other rate of net profit, will harm the interests of the company, for example if: a fine, or any other unforeseen external payment is due within the tax year or following tax year, that pay-out may be adjusted /postponed to a level where it can be shown that the interests of the company, the majority of lenders, and shareholders, were not affected.  This does not necessarily mean that lenders will make less money as the net profit pay-out can be raised instead, delaying pay-out.  If payment is adjusted, or postponed lenders may ask for a refund instead.

Incidences where pay-out may be postponed includes: force majeure, natural disasters, general economic crises affecting the general population as opposed to the company itself.

General principles

Lenders may ask for a refund according to the section named; Guarantees, Fair practice and refund requests.

It is assumed that the maximum return for a specific amount of money lent will lower over time as the company becomes more successful.

The rate may stay the same depending on demand and take up at a given rate.

The company is not obliged to borrow any money whatsoever and may stop borrowing at any time.

The actual % of net profits being paid out to success based lenders may be much lower than 40% as the business matures.

The amount we intend to borrow from success based lending will be posted at least once a year through social media and we will send lenders a quarterly newsletter.

The success based lending model relieves the company of having to provide security upfront, or having to pay interest when there is no revenue, or having to sell more shares than the shareholders wish to, or having to constantly re-arrange shareholdings.  It also protects us from development issues, for example a delay in development due to natural disaster.

In return lenders are being offered a very high and transparent return on investment; also, with a very low minimum investment criteria and with a fast pay-out system.

Selling shares is sometimes practically impossible, where there is no buyer.  In principle, the same is not true of this offer.

Commission paid out through WP affiliates may drop as the company matures.

Capital at risk means that an investor may lose all of their investment.

However, there are rules laid out here in the terms and conditions and in the shareholders agreement and in the registered memorandum and articles of association at companies house.

In the event of the company simply going bust, lenders understand their money cannot be repaid and that the loan is with the company and not any individual shareholder.

The company will seek to employ the best personnel it can reasonably afford.  This applies to staffing arrangements as well as sub-contracting services.

The company will use the services of a professional accountant.

 

Plans 

The lender understands the company would like to borrow money to accomplish the following.

A successful product launch.

Installation of 200 kw approx. OTEC or SWAC wholesale in the Caribbean or Pacific region.

Installation of 2 MW approx. OTEC or SWAC wholesale in the Caribbean or Pacific region.

Installation of 10 MW approx. OTEC or SWAC wholesale in the Caribbean or Pacific region.

An IPO. with a roadshow.

The rate of return for success based lenders may drop to more ordinary levels, such as 30 % interest per annum, but there still may be a ‘soft’ element to the loan and security may be offered to the lender in the form of shares.

A new offer may be generated where the lending system is normal interest payments and this may also include a soft element, such as a payment break in even of natural disaster etc.

Share sale and retained earnings would also contribute to OTEC and SWAC developments.

The lend us money system may become fully computerised with user accounts and with immediate cash out if the concept takes off.

An undisclosed percentage of revenues will be spent increasing  the number of lenders.   This is not expected to exceed the commission offered through WP affiliates presently 20%.

Governing law, jurisdiction and complaints

The Contract (including any non-contractual matters) is governed by the law of England and Wales.
Disputes can be submitted to the jurisdiction of the courts of England and Wales or, where the Customer lives in Scotland or Northern Ireland, in the courts of respectively Scotland or Northern Ireland.
We try to avoid any dispute, so we deal with complaints in the following way: If a dispute occurs customers should contact us to find a solution. We will aim to respond with an appropriate solution within 5 days.

 


Cash prizes and Free to enter –

Please agree to the following, before entering;
This cash prize incentive is not a lottery as there is a free to enter route.
A winner will only be picked when 4, £10 –  paid tickets have been bought.
A winner will be picked as soon as possible after the fourth £10 ticket has been bought.
Each entry on viral sweep is equivalent to approximately £1 –
Therefore 10 entries is equivalent to the £10 pay to enter route.
Therefore the competition is fair.
We will not be billed or be asked for any financial compensation for any free to enter entries performed in error, or otherwise.
Attribution;
63. These terms and conditions were created using a document from Rocket Lawyer (https://www.rocketlawyer.co.uk).
Model cancellation Form
To RE systems ltd 89 Woodland Drive Sussex Bn36DF Email address: doug.edwards@resystems.co Telephone number: 00441273500246 I/We[*] hereby give notice that I/We [*] cancel my/our [*] contract of sale of the following goods [*] [for the supply of the following service [*], Ordered on [*]/received on [*]______________________(date received) Name of consumer(s): Address of consumer(s):

Signature of consumer(s) (only if this form is notified on paper)

Date

0

Your Cart