Kickstarter changes its terms of service
Kickstarter has long been one of the go to sources for funding as upstart business and ideas look to get their product off of the ground. Although many people have launched Kickstarter campaigns, the company is now looking at their service and has decided to tighten up how they operate.
More from Entertainment
- 10 greatest fictional football players of all time
- Stephen A. Smith learned quickly not to mess with Rihanna
- Everything to know about Taylor Swift’s Thursday Night Football appearance
- House of the Dragon live stream: How to watch
- From boxing to cinema, Javon Walton stars in Samaritan with Stallone
Since Kickstarter is about putting your faith in something that is yet to be delivered upon, the company wants to make sure they hold those who use their service more accountable.
In an update to their terms of service, Kickstarter announced through CEO Yancey Strickler, that things would be changing.
When a project is successfully funded, the creator must complete the project and fulfill each reward. Once a creator has done so, they’ve satisfied their obligation to their backers.
Throughout the process, creators owe their backers a high standard of effort, honest communication, and a dedication to bringing the project to life. At the same time, backers must understand that when they back a project, they’re helping to create something new — not ordering something that already exists. There may be changes or delays, and there’s a chance something could happen that prevents the creator from being able to finish the project as promised.
If a creator is unable to complete their project and fulfill rewards, they’ve failed to live up to the basic obligations of this agreement. To right this, they must make every reasonable effort to find another way of bringing the project to the best possible conclusion for backers. A creator in this position has only remedied the situation and met their obligations to backers if:
- they post an update that explains what work has been done, how funds were used, and what prevents them from finishing the project as planned;
- they work diligently and in good faith to bring the project to the best possible conclusion in a timeframe that’s communicated to backers;
- they’re able to demonstrate that they’ve used funds appropriately and made every reasonable effort to complete the project as promised;
- they’ve been honest, and have made no material misrepresentations in their communication to backers; and
- they offer to return any remaining funds to backers who have not received their reward (in proportion to the amounts pledged), or else explain how those funds will be used to complete the project in some alternate form.
- The creator is solely responsible for fulfilling the promises made in their project. If they’re unable to satisfy the terms of this agreement, they may be subject to legal action by backers.
The changes essentially show that Kickstarter is out to make sure they are entering a contract with every manager that uses its service. With backers putting faith in products and ideas, Kickstarter wants to make sure that they hold those involved accountable.
More from FanSided
Madden 15 simulation: Week 3 predictions
BioShock Infinite: Complete Edition coming
PlayStation TV gets release date