Terms and Conditions

Terms & Conditions of Subscription

Last updated: 4 August 2023

“Welcome to the Parallel Wealth’s legal terms of subscription! Please read these legal terms carefully before you subscribe to our coaching programs. Although revenue diversification offers many benefits, you should be conscious that every opportunity carries a level of risk. So, you are strongly encouraged to conduct your own analysis of each opportunity and to take independent professional advice before proceeding with any opportunity explored in our program.

  1. ABOUT THESE TERMS AND CONDITIONS
    • These terms and conditions (“Terms”) set out your and our legal rights and responsibilities when you subscribe to a Parallel Wealth coaching program (the “Coaching Program”).
    • By subscribing to our Coaching Program, you agree to be legally bound by these Terms as well as:
      • Our Risk Management Policy; and
      • our Community Guidelines

which form part of the contract between you and us for the Coaching Program. A copy of our Risk Management Policy and our Community Guidelines are available to view from our website (https://theparallel.online/) or alternatively, you may request a copy by emailing us at empower@theparallel.online.

  • We keep these Terms under review and may update them from time to time. If we decide to change these Terms, we shall write to you to let you know about the change(s) and provide you with reasonable advance notice of such changes.
  • These Terms were last updated on 4 August 2023. Historic versions can be obtained by contacting us at empower@theparallel.online.
  • If you have any questions about this contract or any aspect of your subscription, please contact us using the contact information in section 3.
  • References to “you” and the “Member” in these Terms refers to the person subscribing or subscribed for our Coaching Program. References to “us” and “we” refers to The Parallel Wealth Ltd, the provider of the Coaching Programs. Please refer to section 3 of these Terms for more information about us. References to the “community” within these Terms refers to either The Wealth Generation Community and/or the Wealth Through Purpose as applicable, the designated forum for the Coaching Programs. Other capitalised words in these Terms are defined within the relevant sections.
  1. ABOUT OUR PRIVACY POLICY
    • Your personal information is important to us. Any personal information that you provide to us will be handled in line with our Privacy Policy. Our Privacy Policy is available to view from our website (https://theparallel.online/).
  2. ABOUT US
    • This contract is made between you and The Parallel Wealth Ltd, the Coaching Program provider. The Parallel WealthThe Wealth Generation Community and Wealth Through Purpose are all the trading names of The Parallel Wealth Ltd, a company registered under the laws of England and Wales under company registration number 14750319. Our registered office is at 27 Old Gloucester Street, London, England, WC1N 3AX. Our email address is empower@theparallel.online.
    • Please note that we are not a registered investment, legal or financial advisor and all opinions expressed by us during Coaching Programs, irrespective of the forum (including but not limited to our website, classes, materials and online platforms), are based on our personal research and experience and is intended for educational purposes only. Under no circumstances, does our opinion constitute professional investment, legal or financial advice.
    • Please email us if you have any questions about our Coaching Programs or these Terms generally.
  3. ELIGIBILITY TO JOIN THE PROGRAM
    • Our Coaching Programs are designed for entrepreneurs and professionals looking to diversify into new and different streams of income. They are not designed for novices in business or industry.
    • By joining our Coaching Program, you confirm that:
      • You are acting in a business, trade, craft, or professional capacity in all your dealings with us, and not as a consumer (as defined in the Consumer Rights Act 2015);
      • You are at least 18 years of age and have the full mental and legal capacity to enter into this contract and to engage with the Coaching Program independently and safely; and
      • all information supplied by you is true, authentic and correct.
  1. ABOUT OUR CONTRACT
    • You join our Coaching Programs by placing an order via our website. We will email you to confirm successful subscription to our Coaching Program (“Confirmation Email”). Thereafter, we will provide you with program access information.
    • When you subscribe to The Wealth Generation Community, a legally binding contract will be formed between you and us from the point of the Confirmation Email and will continue in force and effect on a monthly rolling basis until and unless either one of us bring it to an end under section 13 or 14 of these Terms. Your subscription will commence immediately, and we shall advise you of the next class dates.
    • When you subscribe to the Wealth Through Purpose program, a legally binding contract will be formed between you and us from the point of the Confirmation Email and will continue in force and effect for the duration of the program length advertised on our website. Your subscription shall commence immediately, and we shall advise you of the next class dates. Your subscription shall end at the end of the program duration advertised.
    • In exceptional circumstances, we may contact you to say that we do not accept your order for a new subscription. If your order is rejected, we shall refund any fees paid by you in advance for the Coaching Program not supplied in accordance with section 8.
  2. ABOUT THE PROGRAMS
    • The Coaching Programs are designed for entrepreneurs and professionals looking to diversify into new and different streams of income. It is not designed for novices in business or industry.
    • The Coaching Programs are delivered by us and in some cases in collaboration with external experts. We will supply the Coaching Programs using the reasonable skill and care of a competent coach (“Professional Standard”). However, we do not guarantee our Coaching Programs will produce a specific financial outcome for Members because there are numerous factors beyond our control that contribute to wealth generation (such as well-being, commercial acumen and work ethics).
    • Nothing in these Terms or the Coaching Program shall be construed as creating a performance or wealth guarantee with regards to the Coaching Program. We shall only be liable to you to the extent we breach our Professional Standard and nothing beyond this threshold.
    • Members and collaborators may share views, information and referrals within the community from time to time. Please note that any contribution by Members and collaborators are not the contributions of The Parallel Wealth and it does not constitute an endorsement of any third party’s skills, products or services by The Parallel Wealth. We cannot guarantee the quality of any third-party skills, goods or services shared or promoted within the community. Members are strongly encouraged to carry out their own due diligence before engaging any person referred or introduced within the community.
    • Our material may contain references to third parties and their content. The fact that we make such references is not an endorsement of that third-party’s skill, services or products or a representation of our affiliation with that third-party. Members are strongly encouraged to carry out their own due diligence before engaging any person referred or introduced within the community.
    • Our Coaching Programs comprise of the following items:
      • A forum for like-minded entrepreneurs and professionals.
      • At least one monthly virtual class approximately 60 minutes long covering revenue generation topics such as trading, gold, crypto and financial changes in the case of The Wealth Generation Community or alternatively money mindset topics in the case of our Wealth Through Purpose

All classes are delivered virtually so there are no face-to-face sessions within our programs and our classes are open to the entire membership, so they are not one-to-one sessions.

  • On-demand resources designed to support your wealth generation journey.
  • Technical support from our team of virtual assistants is always subject to an upper limit of 30 minutes per month. Our technical support team offer administrative support for our systems, they do not offer wealth generation support.
  • Any additional services outside of the above scope are at our discretion and subject to additional fees. We will inform you if we consider you are requesting additional services.
  • We may make changes to the content of our Coaching Programs from time to time to reflect market trends, relevant laws, technical adjustments, and client feedback. However, the content of the Coaching Programs shall always be geared towards supporting your wealth generation goals.
  • If at any point you become unhappy or concerned about any aspect of our Coaching Program, you should inform us immediately as set in section 8.7 of these Terms.
  1. ABOUT OUR RECORDINGS
    • Our virtual classes are recorded, and the recordings made available to Members on-demand via our training platform and app. All recordings are removed from our training platform and apps one year from the recording. We do not use the recordings outside of this scenario unless we have your express prior consent.
    • During the class, the camera will generally focus on the moderator leading the session, occasionally, it may focus on individual participants to the extent they make sounds or speak during the session. You can minimise being recorded by keeping your microphone on mute throughout the session.
    • By attending the classes, you provide your consent to being recorded and the recording stored on our training platform and app for a period of one year. You must not subscribe to the Coaching Program unless you consent to class recordings.
  2. ABOUT FEES & PAYMENT
    • You agree to pay the subscription fee applicable to your Coaching Program. The subscription fee applicable to your Coaching Program is the one advertised during your online order process in Section 1 (“Subscription Fee”). All fees are in pounds sterling (£) (GBP). You must pay our Subscription Fee as set out in this Section 8. If you order any additional services, you agree to pay us any additional fees in accordance with this section as well.
    • The Subscription Fee is fixed irrespective of the date you join the Coaching Program.
    • For The Wealth Generation Community, the Subscription Fee is payable monthly in advance of each subscription month. Participation in the Coaching Program is conditional on payment of the Subscription Fee. You must therefore ensure that you pay the monthly subscription fee ahead of each subscription month.

We collect the first monthly subscription fee when you register for the Coaching Program. Thereafter, we collect the monthly subscription fees monthly on the anniversary of your registration via the payment card details provided during the registration process. Your payment receipt shall be issued to the email address provided during the registration process.

  • For the Wealth Through Purpose program, the Subscription Fee is payable upfront in one instalment. Participation in the Coaching Program is conditional on payment of the Subscription Fee. We collect the Subscription Fee when you register for the Coaching Program via the payment card details provided by you. Your payment receipt shall be issued to the email address provided by you.
  • If you fail to pay us sums due by the payment due date, we may suspend your subscription until we receive payment of the outstanding sum. As well as suspending your subscription, we may also charge you interest on any overdue sum as set out below in Sub-section 6
  • If you do not make payment to us by the payment due date, we may charge you interest on the overdue amount at the rate of 3% a year above the base lending rate of the Bank of England from time to time. This interest shall accrue daily from the payment due date until the date of actual payment of the overdue amount, whether before or after judgment. You must pay us interest together with any overdue amount.
  • Your Subscription Fee secures a place on our Coaching Program. Since you are paying for a place on our Coaching Program, our Subscription Fee is payable whether you choose to engage with the program or not. We shall not issue any refunds or credit notes for missed classes or for not accessing the training platform.
  • You will not normally be entitled to a refund from us unless there is an overpayment calculated by deducting the total value of the Subscription Fee paid by you from the total value of the Coaching Program supplied by us before the end of your subscription.
  1. ABOUT BUSINESS RISK
    • Business diversification offers many benefits, however, you should be aware that every revenue opportunity carries a degree of risk. Consequently, The Parallel Wealth Ltd has developed a Risk Management Policy to help Members make an informed decision about any opportunity explored within the community. The Risk Management Policy is non-exhaustive, and it does not replace the requirement to obtain independent professional advice or carry out your own due diligence.
    • We expect all Members to comply fully with the principles in our Risk Management Policy whenever considering a new opportunity. You may view a copy of our Risk Management Policy from our website (https://theparallel.online) or alternatively, you may request a copy via email to empower@theparallel.online.
    • You should note that:
      • Business diversification involves risk, and the value of your investment can fluctuate over time leading to either a gain or loss of money;
      • We are not a registered investment, legal or financial advisor and all opinions expressed by us, irrespective of the forum (including but not limited to our website, classes, materials and online platforms), are from our personal research and experience and are intended for educational purposes only. Under no circumstances does our opinion constitute professional investment, legal or financial advice;
      • It is imperative that you do your own analysis based on your personal circumstances and take independent professional advice before exploring any revenue opportunities discussed at the community;
      • We will use reasonable skill and care in the delivery of the Coaching Program, however, occasionally unintended results may occur including loss of investment by Members;
      • Past performance of markets is not a guarantee of future return nor is it necessarily indicative of future performance; and
      • If something goes wrong our responsibility to you is limited and you may not recover all your loss or damages (if any) from us. Please refer to section 10 of these Terms for more information about this.
  1. ABOUT OUR LIABILITY TO YOU
    • Our maximum liability in connection with any Coaching Program shall be limited to the aggregate value of the Subscription Fee paid for the relevant Coaching Program (if any). This limit shall apply however that liability arises (including, without limitation, by way of indemnity, breach of contract or of statutory duty or by reason of tort (including but not limited to negligence) provided always that this section shall not exclude or limit our liability where it is illegal to do so under the operation of the law.
    • In addition to Section 1, we shall not be liable to you however that liability arises (including, without limitation, by way of indemnity, breach of contract or of statutory duty or by reason of tort (including but not limited to negligence))for loss of revenue, loss of capital, loss of profit, loss of use, loss of contract, loss of opportunity, loss of goodwill or reputation or for any indirect or consequential loss whatsoever that may be suffered.
  2. ABOUT INTELLECTUAL PROPERTY RIGHTS
    • All intellectual property rights in or arising out of or in connection with the Coaching Program (other than Members’ pre-existing intellectual property rights) shall be owned by us or our licensors.
    • During the course of the Coaching Program, we may share materials with you such as publications, aids, formulas, checklists and other content owned by us or our licensors. When you use such content, you will not own it. Instead, we give you permission to use it for the purpose of receiving the coaching under this contract. You should not distribute, sell, publish or sublicense the content to any third party or use it for any commercial purpose whatsoever. The Parallel Wealth and our licensors shall continue to own all intellectual property rights in or arising out of such content.
  3. ABOUT CONFIDENTIALITY
    • You agree you will not (except with our prior written consent), either during the Coaching Program or for a period of three (3) years from the end of the Coaching Program, use or disclose any Confidential Information acquired during the Coaching Program to any third party or cause the publication of any Confidential Information. This restriction does not apply to the extent:
      • The use or disclosure is required under law; and/or
      • Where the relevant information is already in or comes into, the public domain otherwise than through your unauthorised disclosure.
    • Confidential Information” means all confidential or sensitive information about The Parallel Wealth or the Coaching Program acquired by you whether in written, electronic or any other form or medium, or in the course of oral or written communications, including but not limited to information about our business operations, accounts, strategy, know-how, materials, collaborators and Members.
  4. YOUR RIGHTS TO END THE SUBSCRIPTION
    • For The Wealth Generation Community, you may end your subscription at any time by providing us with advance written notice of your intention to end the subscription. When you request a subscription termination, your subscription will not end immediately, it will continue to run until the end of the current subscription month paid for and end thereafter. Please email us if you wish to end your subscription.
    • For the Wealth Through Purpose program, there is no option to end your subscription before the end of the program length.
    • When your subscription ends, it will not affect our right to recover any monies owed to us before your subscription ended.
  5. OUR RIGHT TO END THE SUBSCRIPTION
    • We may end your subscription at any time by providing you with advance written notice of our intention to end your subscription. If we request a subscription termination, your subscription will not end immediately, it will continue to run until the end of the current subscription month paid for and will formally end thereafter.
    • Notwithstanding section14.1, we may end your subscription with immediate effect if you do one or more of the following things:
      • You fail to pay us when it is due;
      • You fail to comply with any aspect of the Risk Management Policy;
      • You fail to comply with any aspect of our Community Guidelines;
      • You breach a material term of this contract; or
      • You do or you are suspected of doing something that may bring us into disrepute such as being connected with an immoral, anti-social or illegal activity.
    • If our contract is terminated in the circumstances set out in clause 2, we may charge you reasonable compensation for any costs we incur as a result of you breaking our contract.
  6. COMPLAINTS RESOLUTION
    • We want to give you the best possible service. However, if at any point you become unhappy or concerned about the service we have provided, you should inform us immediately so we can do our best to resolve the problem. Please email us at empower@theparallel.online to raise a concern or complaint. We respond to all complaints within 14 days excluding weekends and bank holidays. 
  7. GENERAL TERMS
    • You may not assign, transfer, subcontract, declare a trust over or deal in any other manner with any or all of your rights and obligations under our contract without our prior written consent.
    • These Terms and all the documents referred to it constitutes the entire agreement between us in relation to the Coaching Program and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter
    • A failure or delay by a party to exercise any right or remedy provided under these Terms or by law shall not constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict any further exercise of that or any other right or remedy.
    • If any provision or part-provision of these Terms is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision shall not affect the validity and enforceability of the rest of these Terms.
    • A notice given to a party under or in connection with this contract shall be in writing and either delivered by email, delivered by hand or by recorded delivery at the party’s registered or residential address as applicable. Unless proved otherwise, any such notice shall be deemed to have been received if by email at the time of transmission, if delivered by hand, at the time the notice is left at the relevant address or given to the addressee and if sent by recorded delivery at the time recorded by the delivery service. If deemed receipt occurs outside business hours in the place of receipt, it shall be deferred until business hours resume. In this section, business hours mean 9.00am to 5.00pm Monday to Friday on a day that is not a public holiday in the place of receipt.
    • Our contract does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the contract.
    • This contract, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation, shall be governed by, and construed in accordance with the laws of England and Wales.
    • Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this contract or its subject matter or formation.