Preamble
These General Terms and Conditions ("T&C") govern the business relationship between D&M FIBEROPT TRADING SRL ("Company", "Provider", or "Contractual Partner") and customers purchasing goods through the Company's platform: www.mygiftventures.com
The Company is responsible for the processing, handling, storage, shipping, fulfillment of the discount system, and technical operation of its platforms and customer portals.
By making a purchase, the Customer also commissions the Company to process the purchased goods. The resulting purchase and processing contract is concluded for an indefinite period.
Company Details
Company: D&M FIBEROPT TRADING SRL
Legal Form: Limited Responsibility Company
Address: 2-4 Hrisovului Street, ground floor, district 1, Bucharest, Romania
Registration No.: J40/2519/2012
Commercial Number: RO29875608
Year Registered: 2012
Phone: +40 7259 747 80
Email: team@mygiftventures.com
§ 1 – SCOPE AND DEFINITIONS
(1) Scope
These T&C apply to all contracts for an indefinite period between the Company and the Customer regarding the purchase of physical goods (hereinafter referred to as "Gifts") and the associated processing (contract for work) via the platform www.mygiftventures.com. They also apply to all future business relationships between the parties unless other terms and conditions have been expressly agreed upon in writing.
(2) Definitions
For the purposes of these T&C, the following definitions apply:
- Consumer
- Any natural person who enters into a legal transaction for purposes that predominantly are outside their trade, business, or profession.
- Affiliate Partner
- Any natural or legal person or a partnership with legal capacity who, when entering into a legal transaction, acts in exercise of their trade, business, or profession.
- Artisan
- Highly skilled craftsperson who has dedicated years to mastering the art of ceramic pottery. Through experience, precision, and a deep understanding of clay, form, texture, and fire, the artisan transforms raw materials into distinctive works of art.
- Reserve Plans
- The Customer purchases a Gift manufactured by our artisan with delivery in 12, 24 or 36 months and qualifies for a discount from the full product price.
- Process Time
- The time needed for the Company to manufacture the Gifts and is agreed by Contract and begins at the time of complete receipt of payment which automatically triggers the start of the process time.
- Contract (Contract for Reserve Plans)
- The Contract for Reserve Plans is automatically generated and completed at the time of purchase based on the agreed processing and delivery terms. The completed Contract is stored in the Customer Dashboard under Orders and remains accessible to the Customer.
§ 2 – BUSINESS MODEL AND PROCESS MODEL (RESERVE PLANS)
The business model is based on selling of Goods and contract for work, in which the Company sells a product either from stock with Immediate Delivery or as a Reserve Plan with the entire processing procedure as commissioned by the Customer at the time of purchase. For the process and waiting time, the Customer receives a contractually fixed discount as a reduction of the purchase price. The business process is structured on Reserve Plans starting from 12 months up to 36 months. After the process time has expired the finished Gifts are delivered to the Customer.
§ 3 – PURCHASE PRICE, PAYMENT TERMS, AND DISCOUNT GRANTING
(1) Price Information
All prices indicated on the platforms are gross prices and include all applicable fees and taxes, unless expressly stated otherwise.
(2) Payment Methods
The payment terms are transparently communicated to the Customer prior to the conclusion of the contract on the Product Page of the Company portal. The Company accepts various online payment method as well as bank transfer.
(3) Due Date of Payment
Payment is due immediately upon conclusion of the contract. The contract only becomes effective upon receipt of payment.
(4) Discount as Purchase Price Reduction
With the legally binding conclusion of the purchase and contract for work, the Company grants the Customer a contractually fixed discount as a purchase price reduction. The discount represents a price reduction that the Company grants the Customer for allowing the Company the necessary process time for the processing (work performance). The discount is fixed in the contract immediately upon purchase and is unalterable. This discount is only granted if Option B (purchase with Reserve Plan 12, 24, 36 months) is selected. If Option A (immediate direct purchase) is selected, no discount is granted.
(5) Price Reduction (Purchase Price Reduction)
For the process time the Company grants the Customer a contractually fixed discount on the purchase price. The exact discount rate is fixed in the purchase contract at the time of purchase and clearly stated on the Portal.
§ 4 – SHIPPING, DELIVERY TIME, AND PACKAGING
(1) Delivery Time
The delivery of the Good to the Customer takes place after the expiration of the process time as agreed in the Contract. The Company will inform the Customer in writing about the upcoming delivery four (4) weeks before the agreed delivery date.
(2) Shipping Costs, Value Insurance, and Packaging
The Customer bears the shipping costs and the costs for the value insurance. The Goods are delivered in normal, small, sealed storage boxes. The amount of the costs will be clearly displayed to the Customer before the conclusion of the contract.
§ 5 – GDPR & Data Protection
The Company processes personal data in accordance with the EU General Data Protection Regulation (GDPR) and applicable Romanian data protection laws. Personal data shall be collected and used only for legitimate business purposes, kept confidential, securely stored, and disclosed to third parties only where legally permitted or required.
§ 6 – TAX CLASSIFICATION
The Customer or distribution partner is independently responsible for the tax classification of the goods. The Customer or distribution partner is obligated to independently inform themselves about the tax regulations applicable in their respective country of residence and to comply with them. Each country has its own tax regulations and reporting requirements. The Company expressly recommends consulting a qualified custom tax adviser.
§ 7 – CHANGES TO THE GENERAL TERMS AND CONDITIONS
(1) Right to Modify
The Company reserves the right to change these General Terms and Conditions at any time.
(2) Notification of Changes
Changes will be communicated to the Customer before they take effect in writing or by email.
§ 8 – FINAL PROVISIONS
(1) Force Majeure
The Company is not liable for damages caused by events beyond its control, including force majeure, natural disasters, war, or terrorism. The Company will inform the Customer immediately of such events and strive for the fastest possible solution.
(2) Applicable Law & Jurisdiction
This Agreement shall be governed by Romanian law. Any disputes shall be subject to the competent courts of Romania, unless mandatory consumer protection laws provide otherwise.