Future Contracts Terms & Conditions

1. Purpose and Scope

These Terms and Conditions ("Terms") apply to all future-dated agreements ("Future Contracts") made between Buyers and Sellers through the SmartED-i™ / ED-iMART™ platform operated by GreenED Group Ltd ("the Platform", "we", "our", "us").

A Future Contract enables Buyers and Sellers to agree on the transfer, sale, or exchange of Equipment, Fittings, Furniture, Components & Materials (EFFC&M™) on a future delivery or collection date, with or without a deposit or logistics service.

2. Parties

• • Each Future Contract is made directly between the Buyer and the Seller.
• • SmartED-i™ acts only as a digital facilitator, providing tools to record agreements, payments, and evidence of completion.
• • SmartED-i™ is not a party to any Future Contract and assumes no ownership or custody of the goods unless otherwise specified.

3. Formation of a Future Contract

A Future Contract is considered proposed when:

• • The Seller lists an item with the "Future Contract Available" option enabled, or
• • The Buyer submits an enquiry or offer including a future transfer date.

A Future Contract becomes binding when:

• • Both Buyer and Seller have confirmed agreement to the key terms (price, date, and conditions) via the Platform, and
• • Any required deposit has been successfully paid.

4. Deposits and Payments

• • Deposits, if required, are held in the Platform's ED-iCHARGECARD™ account on behalf of both parties until the agreed release date.
• • Deposits are refundable or transferable only in line with these Terms.
• • Full balance payments (if applicable) are processed through the Platform's secure payment gateway before or upon fulfilment of the Contract.

5. Buyer and Seller Obligations

The Seller agrees to:

• • Honour the agreed price, availability, and transfer date.
• • Ensure that the items are accurately described, safe, and fit for their intended re-use.
• • Notify the Buyer (via the Platform) of any delay or change that could affect delivery or collection.

The Buyer agrees to:

• • Complete payment and provide accurate delivery or collection details.
• • Accept delivery or arrange collection on the agreed date, unless both parties agree to reschedule.
• • Treat all communications and logistics data provided as confidential.

6. Amendments, Delays, and Cancellations

• • Either party may propose an amendment before the scheduled delivery/collection date; amendments take effect only once both parties approve.
• • If a Buyer cancels after confirmation but before fulfilment, the Seller may retain the deposit or request compensation for reasonable costs.
• • If a Seller cancels without valid cause, the Buyer's deposit will be refunded in full.
• • Repeated or unreasonable cancellations may result in Platform suspension or removal.

7. Logistics and Fulfilment

8. Inspection and Acceptance

Buyers should inspect items upon delivery or collection.

9. Liability

SmartED-i™ acts solely as an intermediary and is not responsible for:

• • The condition, suitability, or legality of any items listed
• • Delivery failures or damage
• • Losses arising from cancellation or non-performance by either party

Each Buyer and Seller participates in the Platform at their own risk.

10. Force Majeure

Neither party will be liable for delays or failures caused by events outside their reasonable control, including but not limited to fire, flood, strike, or regulatory action.

11. Dispute Resolution

• • SmartED-i™ may, at its discretion, assist in resolving disputes but is not obliged to adjudicate or enforce any Future Contract.
• • Where resolution cannot be reached, parties should seek independent mediation or legal advice.

12. Intellectual Property

• • All content, data, and platform functionality remain the property of GreenED Group Ltd.
• • Use of the Platform does not grant any IP rights beyond those required for participation in a Future Contract.

13. Data Protection

• • Personal and transactional data is handled in compliance with UK GDPR and related regulations.
• • Only information necessary to fulfil the Future Contract will be shared between Buyer and Seller.

14. Termination

SmartED-i™ may suspend or terminate a user's access if it believes that they have:

• • Misused the Platform
• • Breached these Terms; or
• • Acted in a way that damages trust between users

15. Governing Law

These Terms and all Future Contracts shall be governed by and construed under the laws of England and Wales, and disputes shall be subject to the exclusive jurisdiction of the English courts.