TERMS & CONDITIONS
Last Updated: June 27, 2026
Entity: Innovative Ventures Solutions (Proposed / In-Formation)
Ecosystem Coverage: ivsmalaysia.com | ecobuildshare.com | jomstadium.com
1. ACCEPTANCE OF TERMS & SYSTEM ACCESS
By accessing the web portals, mobile application architectures, or system nodes operated by Innovative Ventures Solutions ("the Company"), you agree to be bound by these statutory Terms & Conditions. If you do not accept these criteria, you must terminate your system access immediately.
2. FINTECH INFRASTRUCTURE & CARD AUTHORIZATION HOLDS
Our distributed settlement engines route financial inputs programmatically through third-party network switches (Curlec by Razorpay and RHB Bank Berhad).
Programmatic Authorization Holds: Upon initializing a peer-to-peer split session checkout, the system executes a temporary authorization hold on your account balance (payment_capture = false). These funds are frozen safely at the banking node during a fixed countdown window.
Automatic Split-Bill Calibration: Individual participant shares are calculated based on the dynamic roster composition using the following core formula: Share Amount = (Total Gross Invoice Value / target_player_count) + RM 1.00 Split Processing Surcharge.
3. CANCELLATION, MODIFICATIONS & REFUND POLICY
To prevent financial deadweight loss for venue operators and protect marketplace liquidity, the Company enforces absolute, uncompromised cancellation parameters:
The 24-Hour Immutable Lockout Window: Cancellations executed less than twenty-four (24) hours prior to a confirmed booking timestamp are entirely non-refundable. 100% of the contract invoice value is forfeited and disbursed directly to the asset operator.
Early Cancellation Credit Routing: Cancellations executed outside of the 24-hour lockout window clear automatically. Users may select Option A (100% face-value returned immediately to your inside wallet credit at RM 0.00 handling cost) or Option B (Reversal to original bank card/e-wallet via Curlec, subject to standard currency network handling deductions of RM 1.00 flat for FPX or 1.5% for e-wallets).
15-Minute Countdown Session Collapse: If an "Open Match" session countdown timer hits 00:00 with an incomplete roster (fewer than 2 paid accounts), the session collapses automatically. The server fires immediate payment.void queries to drop all banking holds at zero cost (RM 0.00) to the consumers.
4. MULTI-VENDOR COMMERCIAL ESCROW & INSPECTION INTERLOCKS
For all high-volume enterprise and marketplace asset procurement trades managed via the EcoBuild Share module:
The Secure Track Inspection Toggle: Buyers may request a pre-loading site quality inspection (subject to a fixed statutory surcharge).
Inspection Failure Partial Capture: If a certified quality inspector flags a material mismatch or integrity failure (inspected_rejected), the gross material trade capital is voided and returned safely to the Buyer via Curlec. A partial capture array is triggered solely to disburse the inspector's statutory verification fee.
5. CORPORATE SaaS PAYWALL RETENTION
Corporate client profile subscribers are bound by a uniform flat subscription retainer of RM 199.00 / month processed via Curlec recurring mandates. If a subscription account state shifts to 'expired', the cloud server programmatically locks out the HR allowance dashboard, voids pending recurring bulk blocks, and halts individual employee access to the corporate credit wallet core.