Website Terms & Conditions
Below you’ll find Kibi.One’s Terms & Conditions. We want to make your time browser our site and learning about our services as enjoyable as possible. Here are the rules. 📜
By accessing this web site, you are agreeing to be bound by these Web Site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any and all applicable local laws in your jurisdiction; you further agree and represent that you have read and understand all of the provisions set forth herein and that you voluntarily agree to be bound thereby. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by copyright, trade mark, and other applicable federal, state, and local laws and regulations, and, by accessing this web site, you agree to fully comply with the same. You must not use this Website if you disagree with our terms and conditions, our risk disclaimer (below) or our policy on cookies (below).
Reliance on Information Posted
The information presented on or through the Website is made available solely for general information purposes. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website, or by anyone who may be informed of any of its contents.
Please note that Kibi.One may be compensated by the advertisers that appear on the website.
Advertising on Kibi.One is possible however we place restriction on the paid advertisements that appear on our site. Please note that Kibi.One retains the right to refuse any advertiser on our site. Any payment made by an advertiser who is rejected will be immediately and fully refunded.
Kibi.One cannot be held accountable for any damages or losses due to failure of third parties to act according to rules or regulations in their respective jurisdictions.
Intellectual Property Rights
Other than the content you own, under these Terms, Kibi.One and/or its licensors own all the intellectual property rights and materials contained in this Website.
This Website is provided “as is,” with all faults, and Kibi.One expresses no representations or warranties, of any kind related to this Website or the materials contained on this Website. Also, nothing contained on this Website shall be interpreted as advising you.
Limitation of liability
In no event shall Kibi.One, nor any of its officers, directors and employees, be held liable for anything arising out of or in any way connected with your use of this Website whether such liability is under contract. Kibi.One, including its officers, directors and employees shall not be held liable for any indirect, consequential or special liability arising out of or in any way related to your use of this Website.
You hereby indemnify to the fullest extent Kibi.One from and against any and/or all liabilities, costs, demands, causes of action, damages and expenses arising in any way related to your breach of any of the provisions of these Terms.
If any provision of these Terms is found to be invalid under any applicable law, such provisions shall be deleted without affecting the remaining provisions herein.
Links From The Website
If the Website contains links to other sites and resources provided by third parties, these links are provided for your convenience only. This includes links contained in advertisements, including banner advertisements and sponsored links. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any of the third party websites linked to this Website, you do so entirely at your own risk and subject to the terms and conditions of use for such websites. We reserve the right to withdraw linking permission without notice.
The current price on the website supersedes any previous pricing. To the extent the price on the website differs from price mentions on any third party websites, the price on our official website shall prevail. All prices are subject to change without notice.
Kibi.One has a 7 day no questions asked refund policy. If you ask for a refund, we will issue you a refund immediately and remove your access to the incubator program.
However, we also a full refund (plus $100) if our incubator program does not produce a positive ROI for you compared to the price of our program. If you take us up on this offer, we do not remove your access to the incubator program. You’ll continue to have access for 2 years after enrollment.
This policy means that we guarantee that the full sale value of the digital asset you build will be higher than the enrollment cost of our program (not the amount you spend building your platform). Let us explain what this means and what this does not mean.
What this means: Let’s imagine that you enroll in our program for $600. This means that we guarantee that you that after you’re done our program you’ll be able to sell the full platform you built on a public market at a price higher than the enrollment cost of our course. In this case, we would guarantee that the platform you build could be sold on public market for a price greater than $600. This means someone would be willing to purchase your entire platform, website, underlying tech, associated social media channels, brand and domain name at a price higher than $600. In this case, if your platform is valued at less than the cost enrollment in our program, we will buy your platform from you for the cost of your enrollment plus give you an extra $100. Keep in mind however, that in order to request a buyout, you need to have followed all of the steps within our incubator program, including all of the organic (NOT paid) marketing steps involved.
What this does not mean: It should be mentioned that we don’t guarantee a positive ROI based on your overall investment. We ONLY guarantee that your platform will be valued at a full buy-out price higher than the price of enrollment in our course. ROI is measured based on your investment in our program, not your application. Similarly, the time you invest in educating yourself in our platform and building your application are not taken into consideration in the valuation. For example, if you spent 50 hours building your application, $60,000 on a domain name, $30,000 on paid ads and another $10,000 on technology (total investment $100,000), we do not guarantee that you could sell that platform for over your investment ($100,000 in this example). We don’t control your spending so of course we couldn’t make this offer. However, we do control the price of our course, and therefore we can promise a ROI based on our course’s price at the time of enrollment. Similarly, our course takes a more bootstrapped and feisty approach to growth. We do not recommend building expensive platforms or buying paid ads. Instead we focus on teaching you how to use affordable (or free) tools to build your application and organic strategies to grow.
This all means that after you have completed our program, the platform you’ve built within our incubator program should be valued at a higher buy out price than the cost of enrollment in our program. If your platform is not valued at a price higher than the cost of enrollment in our incubator program we’ll give you your enrollment fee back as well as give you an extra $100 and you can keep access to the course. Keep in mind, that you are not obligated to sell to us, if your valuation is lower. We just present it to you as an option. Similarly, at our discretion, if you decide you want to sell to us, we can decide to pay you for your platform without acquiring your website assets. For example, if you’ve build something that we believe would be a liability or a risk for our studio, we will pay you the buy-out price (discussed above) without acquiring your platform.
These are the conditions: In order for us to buy your platform the following conditions need to be met.
1. You must have completed the incubator program in its entirety. In order to create a valuable platform, you must follow the steps outlined in our program.
2. You must have followed the steps and completed the tasks outlined in our marketing modules. If you have not completed those steps, we will not buy your platform from you.
3. If you have completed all of the build and marketing steps and your platform still does not hold a value equal to or greater than your cost of enrollment, then we will buy your platform from you at exactly the cost of your enrollment (including any discounts) plus and extra $100.
4. We will buy your domain name from you at the price you paid for it (proof of purchase with price will be required) to a maximum price of up to $100.
4. We will complete the transfer through escrow. We will upload the funds into an escrow account and you will be required to send us the following deliverables:
1. The domain your platform is hosted on.
2. A copy of your website, all databases and media.
3. Any marketing assets that were created during development time.
4. All project social accounts including by not limited to Twitter, Facebook, Instagram and YouTube accounts.
5. Google analytics account.
6. All software licenses that are required to make your platform run properly.
7. All emails, including historical record of any email exchanges with customers.
8. All other deliverables that would be required to continue working on the project without any restrictions.
Once the deliverables have been tested (7 day testing period), we will then transfer you the funds for your project. After this point, we will own full rights to the platform and will have the ability to continue working on it or sell it.
We take company privacy seriously. We will not share your reference as a client unless we have written approval to do so. Likewise, we will not share any of your campaign details with the public or any third party companies unless we have your written permission.
Variation of Terms
Kibi.One is permitted to revise these Terms at any time as it sees fit, and by using this Website you are expected to review these Terms on a regular basis.
We may update the content on this Website from time to time, but its content is not necessarily complete or up-to-date. Any of the material on the Website may be out of date at any given time, and we are under no obligation to update such material.
If you have found content on our site that you feel is potentially harmful to other site visitors (eg. SCAMS, hateful comments etc) please contact us immediately and we will investigate all claims.
If you are an advertiser on our site and your listing or other content has been reported to us we reserve to the right to remove all content associated with your project without notice and without a refund. Please note that we deal with violation reports on a case by case basis.
Kibi.One is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.
Choice of Law
This Agreement shall be governed by the laws in force in Hong Kong. The offer and acceptance of this contract is deemed to have occurred in Hong Kong.
These Terms constitute the entire agreement between Kibi.One and you in relation to your use of this Website, and supersede all prior agreements and understandings.