Introduction and Scope
These General Terms and Conditions ("GTC") govern the relationship between Paligan c/o Weiss Group LLC ("Paligan") and all parties engaging with Paligan, including but not limited to capital-seeking entities ("Candidates"), co-investors ("Investors"), and companies in which Paligan holds an investment ("Portfolio Companies"). These GTC provide the overarching legal and ethical framework for all interactions with Paligan unless otherwise specified in supplemental terms or binding contractual agreements.
Definitions
For the purposes of these GTC, the following definitions shall apply:
Candidate refers to any entity or individual seeking funding or strategic support from Paligan.
Investor means any individual or legal entity participating in Paligan-led investment opportunities as a co-investor.
Portfolio Company refers to an entity in which Paligan has made an investment and holds an active stake.
Covered Person includes any individual holding fiduciary or decision-making responsibility within Paligan, including owners, board members, or key advisors.
Engagement Principles
Paligan operates with a high standard of discretion, professionalism, and ethical integrity. Any engagement with Paligan implies agreement to conduct all interactions in good faith, to act transparently, and to uphold the mutual expectations of confidentiality, honesty, and non-circumvention.
These GTC apply automatically upon initiation of contact or engagement with Paligan through any formal or informal channel, including the use of the website, email correspondence, or participation in deal-related activities.
Confidentiality
All information exchanged between Paligan and any engaging party, including but not limited to business plans, investment opportunities, proprietary materials, or correspondence, shall be considered confidential and may not be disclosed to any third party without the prior written consent of Paligan, unless disclosure is required by applicable law or regulatory authority.
Confidentiality (Exceptions)
Exceptions to confidentiality obligations apply only where the information:
- Is or becomes publicly available through no fault of the receiving party;
- Was already lawfully in the possession of the receiving party prior to disclosure;
- Was independently developed without reference to confidential information;
- Must be disclosed by court order or legal obligation, in which case the disclosing party shall, to the extent permitted, notify Paligan prior to disclosure.
Limitations of Liability
Paligan endeavors to perform its activities with due care, skill, and diligence, in accordance with professional standards customary in the private investment industry. However, Paligan does not warrant or guarantee any particular outcome, result, or return with respect to investment opportunities, fundraising efforts, or strategic advice.
To the fullest extent permitted by applicable law, Paligan shall not be liable for any direct, indirect, incidental, or consequential loss or damage suffered by any party engaging with Paligan, unless such loss is directly attributable to gross negligence or willful misconduct on the part of Paligan.
No Advisory Relationship
Unless expressly agreed in writing, Paligan does not act as a legal, tax, financial, or investment advisor to any third party. Information made available by Paligan, whether through its website, in documents, or in conversations, is provided solely for informational purposes and does not constitute personal investment advice or a recommendation to engage in any transaction.
Each party engaging with Paligan is responsible for conducting its own due diligence and obtaining independent professional advice as necessary.
Amendments and Updates
Paligan reserves the right to amend, modify, or update these GTC at any time without prior notice. Where significant changes are made, reasonable efforts will be taken to notify affected parties. Continued engagement with Paligan after any such update shall be deemed to constitute acceptance of the revised terms.
The most current version of these GTC will be made available at www.paligan.com/legal.
Governing Law and Jurisdiction
These GTC, as well as all interactions and disputes arising from or in connection with them, shall be governed exclusively by the laws of Switzerland, excluding its conflict-of-law provisions.
The exclusive place of jurisdiction for any disputes shall be the competent courts of Zurich, Switzerland.
Final Provisions
Severability
If any provision of these GTC is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
No Waiver
Failure by Paligan to enforce any part of these GTC shall not constitute a waiver of its rights under any provision.
Entire Agreement
These GTC, together with any applicable stakeholder-specific terms and written agreements, constitute the entire agreement between Paligan and the engaging party and supersede all prior understandings, communications, and representations, whether oral or written.