However, if the consumer has not received the contractual conditions and the contractual information, the term counted to exercise the right to desist shall commence as of the day when that information is received. The term to exercise the right to desist shall commence from the date the agreement is formalised. The HOLDER shall have a term of 14 calendar days to desist from the agreement, without stating the reasons and without any penalisation whatsoever. The power one of the parties has to leave the agreement entered into without effect, without the need to justify the decision. As a consequence of breach by one of the parties, the right to request that the agreement be left without effect, with compensation of losses suffered. Notwithstanding the foregoing, PECUNPAY may terminate the agreement, without the need for advance notice, in the event of objectively justified reasons arising regarding security of the payment instrument, its suspected unauthorised or fraudulent use.įor the following definitions shall apply for the purposes of this agreement: PECUNPAY may also terminate the agreement at the specific request of COVERFLEX, at any time, if, for example, the HOLDER is not paying the service, and COVERFLEX shall be responsible for the obligation of notifying the user and managing and guaranteeing reimbursement of the positive balance. PECUNPAY may terminate this Agreement by providing the HOLDER a minimum of sixty calendar days advance notice. COVERFLEX settles the fees and payments of the Holder with PECUNPAY.ĬOVERFLEX will immediately inform PECUNPAY about the termination of the agreement with the HOLDER and the reasons that have led to it. Termination of the agreement is managed between COVERFLEX and the HOLDER. The relation commences on the date when PECUNPAY provides the holder confirmation that the service has been approved. This agreement shall have an undetermined term, without prejudice to the expiry date recorded on the cards issued, or on any other means of payment that PECUNPAY makes available to the HOLDER. Once the HOLDER has completed the above and has passed our internal checks, the card shall be issued.ġ.2 TERM AND TERMINATION OF THE AGREEMENT The HOLDER declares they are acting in their own name and on their own behalf and undertake to provide PECUNPAY the documentation, photographs and information that may reasonably be requested to fulfil its statutory obligations. The HOLDER, declares that it knows the conditions and understands them and that, thus, it accepts their inclusion in the agreement. PECUNPAY, as offeror, has previously and specifically informed the HOLDER, in its capacity as adhering party, of the existence of the general conditions that are listed in this document. The parties agree that the clauses set forth in this agreement must be considered general subscription conditions for the purposes stated in Act 7/1998, of 13th April, on General Subscription Conditions. The company that contracts the PECUNPAY services, which will be the holder of the cards and will be using the platform. Barros e Soares, 423, 4715-214 Braga, Portugal UNIVERSAL COVER, S.A., with registered office at EN 101 Av. (hereinafter “PECUNPAY”), with registered office at C/ Guzmán El Bueno, no 133, Edificio América, Bajo B, 28003 – Madrid.įor the purposes of this contract it is understood by: The general and specific conditions that are detailed below regulate the relation between PECUNIA CARDS EDE, S.L.U.
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