Terms of Service

Last updated on October 26, 2023: February 15, 2026

§ 1. General Provisions & Scope

  1. These Terms of Service govern the contractual relationship between ELITE Venture Advisors GmbH (hereinafter 'Advisors') and its clients. They apply to all advisory services unless otherwise agreed upon in a separate written contract.
  2. The client's own terms and conditions shall not apply unless explicitly acknowledged in writing by the Advisors. These terms form the basis of the advisory agreement concluded between the parties.
  3. The scope, nature, and details of the services to be provided will be specified in an individual proposal or statement of work agreed upon by both parties before the commencement of any engagement.
  4. The Advisors reserve the right to amend these terms. Clients will be notified of any changes. The continued use of our services after notification constitutes acceptance of the amended terms.

§ 2. Advisory Services

  • Performance – The Advisors will perform the agreed-upon services with due care, diligence, and to the best of their professional knowledge.
  • No Guarantee – The advisory services provided are based on information supplied by the client. The Advisors do not guarantee any specific economic outcome or success.
  • Third Parties – The Advisors may engage qualified third parties or subcontractors to perform parts of the services, remaining fully responsible for their work.
  • Client Information – The client is responsible for providing all necessary information, documents, and access required for the performance of the advisory services in a timely manner.
  • Reporting – The Advisors will provide regular updates and reports on the progress of the engagement as agreed upon in the statement of work.

§ 3. Client Obligations

  1. The client agrees to provide all necessary information, data, and documents required for the performance of the services accurately and in a timely manner. The accuracy of this information is the sole responsibility of the client.
  2. The client shall designate a responsible contact person to facilitate communication and decision-making processes with the Advisors throughout the duration of the engagement.
  3. The client is obligated to inform the Advisors immediately of any circumstances that may affect the performance of the services or the underlying objectives of the advisory agreement.
  4. Failure to meet these obligations may result in delays or termination of the service, for which the Advisors cannot be held liable.

§ 4. Confidentiality

  1. Both parties agree to treat all non-public information and documents received from the other party as strictly confidential. This obligation extends beyond the termination of the advisory agreement.
  2. Confidential information shall not be disclosed to any third party without the prior written consent of the other party, except as required by law.
  3. This confidentiality obligation does not apply to information that is already publicly known or becomes publicly known through no fault of the receiving party.

§ 5. Liability & Remuneration

  1. The liability of the Advisors for any damages, regardless of legal grounds, is limited to cases of willful misconduct and gross negligence. Liability for simple negligence is excluded.
  2. The remuneration for the services shall be detailed in the individual proposal or statement of work, including fees, payment schedules, and any applicable success fees.
  3. All fees are quoted exclusive of statutory Value Added Tax (VAT), which will be added to invoices as required by law. Travel and other out-of-pocket expenses will be reimbursed by the client as agreed upon.
  4. Invoices are due for payment within 14 days of the invoice date without any deductions. Late payments may be subject to statutory interest charges.
  5. The Advisors are not liable for the accuracy of information provided by the client or for the ultimate success of the client's business decisions.

§ 6. Final Provisions

  1. This agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods.
  2. The exclusive place of jurisdiction for all disputes arising out of or in connection with this agreement shall be Berlin, Germany.
  3. Should any provision of these terms be or become invalid, the validity of the remaining provisions shall not be affected.