Due Diligence Statement - Asian Novelty

At Asian Novelty, we strive to support meaningful connections between technology owners, investors, service providers, and collaborative institutions. However, we do not guarantee the accuracy, completeness, or reliability of any information shared on our platform. This due diligence statement outlines the standards, processes, and responsibilities for conducting assessments on profiles and opportunities. We encourage all participants to perform their own comprehensive due diligence and consult professionals when necessary.

1. Scope of Due Diligence

Due diligence on Asian Novelty’s platform applies to technology profiles, business opportunities, intellectual property rights, financial projections, and other related information. The aim is to ensure that information presented is accurate and comprehensive to facilitate informed decision-making. Nonetheless, Asian Novelty does not guarantee the validity or completeness of information provided by any party on the platform.

2. Key Components of Due Diligence

Participants are responsible for conducting a thorough assessment of the following areas. Asian Novelty facilitates the sharing of information but does not assume liability for its accuracy or completeness.

Intellectual Property Verification: Review of patents, trademarks, copyrights, and other IP rights, including ownership and enforceability. Asian Novelty provides no guarantee regarding the validity or strength of intellectual property claims.
Financial Information and Projections: Technology owners are expected to provide accurate financial data, though Asian Novelty does not validate or certify these figures.
Legal and Compliance Documentation: While technology owners are encouraged to share relevant regulatory approvals and licenses, Asian Novelty does not assume responsibility for verifying these compliance measures.
Technical Feasibility and Proof of Concept: Any supporting technical documentation, test results, and proof of concept provided are for reference purposes only. Asian Novelty does not warrant the functionality or reliability of the technology.
Market Analysis and Competitive Landscape: Information about market potential and competitive positioning is provided by the technology owners and is not guaranteed by Asian Novelty.
Management and Operational Capability: Participants are encouraged to evaluate the expertise of the management team, though Asian Novelty does not independently verify these credentials.
Risk Assessment and Mitigation: Risks associated with any investment or collaboration should be independently assessed by participants, as Asian Novelty does not assume liability for any stated or unstated risks.

3. Due Diligence Process

Asian Novelty offers a structured process for information-sharing but does not verify or certify the content provided. Participants should follow these steps:

Initial Assessment: Review preliminary details provided by the technology owner or collaborator.
Request for Additional Information: Participants may request further documentation, but Asian Novelty does not validate the accuracy of information shared.
Independent Verification: Asian Novelty may facilitate connections with third-party experts for technical and financial assessments, but participants are responsible for the final verification.
Risk Analysis: Asian Novelty does not conduct a risk assessment on behalf of participants. All parties are encouraged to perform their own analysis and seek professional guidance.
Review and Documentation: The final due diligence report is prepared by participants or their advisors, and Asian Novelty holds no liability for the content or conclusions.

4. Responsibilities and Limitations

Technology Owners and Collaborators: They must provide accurate and timely information for due diligence purposes, though Asian Novelty does not verify these submissions.
Investors and Interested Parties: Investors and collaborators are advised to conduct their own verification processes and engage professional advisors. Asian Novelty does not guarantee the outcomes of any due diligence conducted.
Asian Novelty’s Role: Asian Novelty facilitates connections and information exchange but does not verify, validate, or endorse the information shared on the platform.

5. Confidentiality and Non-Disclosure

Asian Novelty maintains a strict confidentiality policy but does not guarantee the security of information beyond reasonable technical safeguards. Confidential information shared during due diligence will be disclosed only with consent and handled per our Privacy Policy.

6. Disclaimer of Guarantees

Asian Novelty does not guarantee the accuracy, completeness, or reliability of any information provided on its platform. All participants are responsible for performing their own due diligence and assume full responsibility for their decisions.

7. Amendments to Due Diligence Policy

Asian Novelty reserves the right to amend this due diligence statement as necessary. Any changes will be communicated on our platform and via email.

8. Contact Information

For questions about the due diligence process or this statement, please contact our support team at info@asian-novelty.com or call [+94772377172].

Note: Asian Novelty does not endorse, certify, or guarantee any information shared on the platform. Participants should perform their own independent assessments and seek professional guidance before making any decisions. This due diligence statement serves as a guide, and participants are encouraged to approach each opportunity with thorough due diligence and appropriate caution.