1. Who we are
1.1 These terms (the “Terms”) form a contract between you (the “Member”, “you”) and KORPA VAM Operations Ltd. (“KORPA”, “we”, “us”), a company incorporated in Ireland, with registered office at 1 Grant’s Row, Lower Mount Street, Dublin 2, D02 HX96, Ireland. VAT number IE4713047PH. They govern your purchase of a position on the KORPA Founding Waitlist through korpa.io.
2. What the Founding Waitlist is
2.1 The Founding Waitlist is a limited, invitation-only, pre-launch arrangement that reserves your numbered position on KORPA’s priority waitlist and gives you only the rights and benefits expressly stated in these Terms.
2.2 Your acceptance onto the Founding Waitlist and payment of the Founding Waitlist Fee do not constitute an order or pre-order for the KORPA application, the purchase of an application licence, a subscription, the purchase of a KORPA service tier, or an investment in KORPA.
2.3 You receive no present right to access, use, download or receive a commercial licence for the KORPA application. Any future licence will arise only if and when the application launches and the requirements in clause 8 are satisfied.
2.4 Places are strictly limited to 20 numbered positions, each personal to the Member and identified by a number, for example “Founder No. 7 of 20”.
3. Founding Waitlist Fee and future pricing
3.1 The Founding Waitlist Fee is €5,000 including VAT where applicable, payable once and in advance. It is consideration for your confirmed waitlist position and the limited pre-launch and Founder benefits expressly set out in these Terms. It will be credited in full toward your first service-tier fee, as set out in clause 3.2.
3.2 The Founding Waitlist Fee will be credited in full toward the standard fee of the first KORPA service tier you take up. The credit is applied once, is not exchangeable for cash, and is forfeited only if you cancel and are refunded under clause 10. It is not a separate deposit or instalment and gives no other prepayment or financial right.
3.3 If and when the application launches, access will require a separate application licence and participation in a KORPA service tier. KORPA currently expects the standard full fee for the basic tier, including the application licence, to be €50,000 plus VAT where applicable. Higher tiers will be priced above the basic tier.
3.4 The €50,000 figure is the expected standard basic-tier fee before any applicable Founder discount. It is an estimate rather than a fixed price. The final licence and tier fees may change due to the final scope of the application, operating costs, market conditions, taxes or changes to the commercial model. KORPA will disclose the final price and applicable terms before you decide whether to request a licence. Where both the Founder discount and the Founding Waitlist Fee credit apply, the discount is applied first to the standard tier fee and the credit is then applied to the discounted amount.
4. Payment processing and confirmation
4.1 Payment is processed by Stripe Payments Europe, Ltd. (“Stripe”). KORPA does not receive or store your full card details. Stripe may process your payment and billing information under its own applicable terms and privacy notice.
4.2 Your Founding Waitlist position is confirmed, and these Terms take effect, only when payment has been authorised, the relevant funds have been received, the payment has not been reversed, charged back, cancelled or disputed, and KORPA has confirmed your position by email.
4.3 KORPA may decline, pause, review or refund an application before confirmation. If a payment is reversed, charged back, disputed or suspected to be unauthorised, KORPA may suspend the waitlist position and related benefits while the matter is reviewed and may cancel the position if the issue is not resolved within a reasonable time.
5. Application under development
5.1 The KORPA application is under development and is a work in progress.
5.2 Any descriptions, screenshots, demonstrations, prototypes, mock-ups, roadmaps, interfaces, features, functions, timelines or promotional materials shown before launch are illustrative only and may not represent the final application.
5.3 KORPA may add, change, remove, postpone, replace or redesign any aspect of the application before launch for technical, security, legal, regulatory, operational, commercial, user-experience or strategic reasons.
5.4 KORPA does not guarantee that every advertised feature will be available at launch, that the final interface will match any prototype, or that the application will be available on every device, platform, operating system or in every jurisdiction.
6. Expected launch and development updates
6.1 KORPA currently expects the application to launch during Q4 2026. This is an estimated launch period and not a guaranteed launch date.
6.2 Development or launch may be delayed because of technical, testing, security, regulatory, legal, supplier, funding, staffing, commercial, market or other operational factors.
6.3 If KORPA makes a material change to the expected direction, principal functionality, design, commercial model or expected launch timing of the application, KORPA will provide Members with a reasonable update by email. The update may explain the change, why it is required, its expected effect and, where reasonably possible, how resources are being used to bring the application in the revised direction.
6.4 KORPA is not required to disclose trade secrets, privileged legal advice, security-sensitive information, personal data or other confidential or commercially sensitive information.
7. Guaranteed beta access and first access
7.1 Each confirmed Founding Waitlist Member is guaranteed access to KORPA’s Member beta programme before the application’s general commercial launch, provided the Member completes any reasonable technical, security, confidentiality, device-compatibility and onboarding requirements notified by KORPA.
7.2 Beta access may be provided in stages, may contain incomplete or changing functionality, and may be temporarily suspended for maintenance, security, testing or development. Beta access does not constitute the grant of a commercial application licence.
7.3 Once the application launches, confirmed Founding Waitlist Members are guaranteed first access ahead of non-Founder clients. Where onboarding capacity is limited, access among Founding Waitlist Members may be staged by membership number, operational readiness or other reasonable criteria applied consistently.
7.4 Guaranteed first access means the first opportunity to request and complete onboarding for a commercial licence. It does not waive the requirement to accept the separate application and service terms, satisfy eligibility requirements, and pay the applicable licence and tier fees.
8. Future licence and intellectual property
8.1 If and when the application launches, KORPA will give you the opportunity to request a limited, personal, non-exclusive, non-transferable, non-sublicensable and revocable licence to use the application.
8.2 A commercial licence is granted only after KORPA accepts your request, you complete the required onboarding, you accept the separate Application Terms of Use and relevant service-tier terms, and you pay the applicable fees.
8.3 All intellectual property rights in and relating to the application, including its software, source code, object code, designs, databases, interfaces, branding, content, systems, functionality, documentation, concepts and development materials, remain vested in KORPA or its licensors.
8.4 Payment of the Founding Waitlist Fee does not transfer or license any intellectual property right to you. You must not copy, reproduce, modify, reverse engineer, distribute, commercialise or create derivative works from any prototype, demonstration, beta version or development material, except to the extent expressly permitted by KORPA in writing or by mandatory law.
9. Founder status, discounts and additional benefits
9.1 Your numbered Founder status remains associated with you unless you cancel and receive a refund, it is validly transferred under clause 14, or KORPA terminates it under these Terms. If you obtain a commercial licence, KORPA may recognise the status as “Founding Client” or a similar designation.
9.2 The Founder discount applies to KORPA’s standard service-tier fee in force at the relevant time: Founders No. 1–10 receive 15% off and Founders No. 11–20 receive 10% off. The discount applies to the standard tier fee only and not to physical goods, third-party services, shipping, insurance, customs duties, taxes, resale items, acquisition costs or other pass-through costs unless KORPA expressly states otherwise.
9.3 The discount is not a price freeze or a most-favoured-customer right. KORPA may change standard tier fees in good faith and will not restructure them for the purpose of avoiding or materially reducing the Founder discount.
9.4 Additional benefits may include Founder briefings, roadmap previews, advisory Founders Council participation, co-creation opportunities, a Founder’s Box, wardrobe digitisation, first access to the Resale Desk and private drops, invitations to Founder dinners or city-launch events, archival publications and access opportunities through KORPA partners.
9.5 Additional benefits are subject to availability, operational feasibility, location, capacity, partner participation and reasonable usage limits. KORPA may replace or modify an additional benefit with a reasonably comparable benefit but will not intentionally remove the guaranteed beta access, guaranteed first access or Founder discount stated in these Terms.
9.6 The Founders Council is advisory only and gives no governance, voting, management, ownership, equity, profit-sharing, agency, partnership or employment rights.
10. Cancellation, delayed launch and failure to launch
10.1 You may cancel your Founding Waitlist position for any reason by written notice to membership@korpa.io at any time before App Launch and for ninety (90) days after App Launch. Subject to clause 10.5, KORPA will refund the Founding Waitlist Fee paid.
10.2 “App Launch” means the date on which the KORPA application and at least the basic KORPA service tier first become generally commercially available to clients. KORPA will notify Members by email. The ninety-day post-launch period begins when that email is sent.
10.3 If the application has not launched by 31 December 2026, you may request a refund of the Founding Waitlist Fee by written notice. You may instead choose to remain on the Founding Waitlist and retain your rights under these Terms.
10.4 If KORPA decides permanently not to launch the application, KORPA will notify Members and provide a full refund of the Founding Waitlist Fee, net only of reasonable and proportionate fees for personalised services or benefits actually provided to you before the refund and any amount that cannot lawfully be refunded.
10.5 If you expressly requested KORPA to begin providing personalised services or benefits involving actual work, cost or delivery, KORPA may deduct a reasonable and proportionate amount for those services or benefits already provided or for non-recoverable costs specifically incurred for you. General updates, waitlist communications, beta invitations and the reservation of your waitlist position do not by themselves justify a deduction, except for the Founder Benefits Component set out in clause 10.7.
10.6 Where VAT or other applicable taxes were charged and paid, the refund will include or account for them to the extent required by applicable law. Nothing in these Terms limits mandatory statutory cancellation or refund rights.
10.7 Of the Founding Waitlist Fee, a Founder Benefits Component of €750 represents the value of Founder benefits that are made available to you immediately and have standalone value — your confirmed numbered Founder status, enrolment in and guaranteed access to the Member beta programme, and any Founder’s Box or physical items dispatched to you. Once these benefits have been made available to you, this Component is non-refundable and may be retained or deducted from any refund under clause 10, save that: (a) it does not apply during any mandatory statutory cancellation period unless you expressly requested early provision of these benefits and acknowledged the effect on your cancellation right; (b) it is reduced to reflect any of these benefits not actually made available to you; and (c) it does not exceed the amount permitted by applicable law. The remainder of the Founding Waitlist Fee remains fully refundable in accordance with clause 10.
11. No right to compel development or launch
11.1 Your Founding Waitlist position does not give you the right to require KORPA to complete development, launch by a particular date, launch in a particular jurisdiction, preserve a particular design or feature, or continue with a particular commercial or technical strategy.
11.2 To the extent permitted by law, you may not seek specific performance, an injunction or a similar order requiring KORPA to develop, complete, release, launch or operate the application in any particular form.
11.3 Your rights in the event of delay or failure to launch are the notification and refund rights expressly stated in clause 10, together with any mandatory rights that cannot lawfully be excluded.
12. Eligibility, proportionate KYC and sanctions checks
12.1 KORPA may request information reasonably necessary to verify your identity, age, residence, billing details, payment method and eligibility, and to carry out proportionate fraud-prevention, payment-risk and sanctions checks.
12.2 To join and remain on the Founding Waitlist, you must be at least 18 years old, legally capable of entering into these Terms, provide accurate and current information, use an authorised payment method, and not use the position for unlawful, fraudulent or abusive purposes or for undisclosed commercial resale.
12.3 KORPA’s sanctions screening is limited to the consolidated sanctions lists of the European Union and the United States, together with any other sanctions, asset-freeze or restrictive measures that are legally valid and applicable in Ireland.
12.4 KORPA may request additional information only where reasonably necessary because of a genuine identity, payment, fraud, sanctions or legal-compliance concern. Political exposure, nationality, residence or adverse media does not automatically disqualify a person.
12.5 KORPA may refuse, pause, suspend or terminate a position where reasonably necessary because the required information is not provided, the information appears materially false, a payment is reversed or unauthorised, applicable sanctions prohibit the relationship, KORPA reasonably suspects fraud or unlawful use, or continuation would breach applicable law.
12.6 During a review, KORPA may temporarily suspend related benefits. If KORPA refuses or terminates a position for reasons not caused by your breach, fraud, sanctions status or payment reversal, KORPA will refund amounts paid in accordance with clause 10 and applicable law.
12.7 Reporting to authorities. KORPA may report suspected fraud, unlawful activity, sanctions breaches, misuse, false information or other conduct that may breach applicable law to the Garda Síochána, regulators, financial intelligence units, sanctions authorities, payment providers or other competent authorities where KORPA reasonably considers this appropriate or where required or permitted by law. KORPA may withhold notice of such a report where giving notice is prohibited by law or could prejudice an investigation.
12.8 Discretion to refuse applications. Before confirming a Founding Waitlist position, KORPA may accept or refuse an application at its discretion, including where KORPA considers that the applicant is not suitable for the limited, invitation-only Founding Waitlist. KORPA will exercise this discretion consistently with applicable law and will not refuse an applicant on an unlawfully discriminatory basis. If KORPA refuses an application after receiving payment, it will refund the amount received, except to the extent that making the refund is prohibited by applicable law.
13. Not an investment
13.1 The Founding Waitlist is a consumer arrangement providing a numbered waitlist position and the limited benefits described in these Terms. It is not a security, share, debenture, loan, deposit, collective investment, financial instrument, crowdfunding product or other investment.
13.2 You receive no equity, ownership, interest, dividend, profit share, repayment right, governance right, voting right, management right or financial return and should not join expecting a resale value or increase in value.
14. Personal nature, gifting and succession
14.1 Your Founding Waitlist position is personal. You may not sell, assign, sublicense, pledge or commercially exploit it except as expressly permitted in this clause.
14.2 You may once request to transfer the position as a gift to another person. The recipient must accept these Terms and satisfy the proportionate eligibility and compliance requirements in clause 12. If approved, the membership number transfers and you cease to hold the position.
14.3 You may nominate one successor to receive the Founder status on your death or incapacity. This is a contractual nomination only and does not create a property, inheritance, trust, security or investment right.
14.4 KORPA may require reasonable evidence of identity, death, incapacity and authority and may suspend recognition while a genuine succession dispute is unresolved.
15. Pre-launch accounts, security and prohibited conduct
15.1 KORPA may provide a limited pre-launch account for waitlist administration, communications, identity verification, benefit delivery or beta access. A pre-launch account is not a commercial application licence.
15.2 You must provide accurate information, keep credentials confidential, not share an account, and notify KORPA promptly of suspected unauthorised access.
15.3 You must not use any KORPA website, account, beta environment or service to engage in unlawful or fraudulent activity, impersonate another person, upload malicious code, interfere with security or availability, access another person’s account or data, scrape or systematically extract data, reverse engineer protected technology, or commercially resell access without written permission.
16. Feedback and user materials
16.1 You may voluntarily provide suggestions, ideas or feedback. You retain ownership of pre-existing intellectual property contained in your feedback but grant KORPA a worldwide, non-exclusive, perpetual, irrevocable, royalty-free and transferable licence to use, reproduce, adapt and incorporate that feedback into KORPA products and services.
16.2 KORPA is not obliged to implement, pay for, publicly credit or treat feedback as confidential unless separately agreed in writing. You must not provide third-party confidential information or material that you have no right to provide.
16.3 Any wardrobe photographs, measurements, descriptions or other personal materials provided during beta or service delivery remain yours. KORPA may process and use them only as reasonably necessary to provide, test, secure and improve the relevant service and in accordance with the Privacy Policy. KORPA will not use identifiable personal wardrobe material in public marketing without separate consent.
17. Data protection, communications and third parties
17.1 KORPA processes personal data as a controller under the GDPR and the Irish Data Protection Act 2018, as described in its Privacy Policy. Stripe and other service providers may act as processors or independent controllers for their respective activities.
17.2 KORPA may send contractual, payment, security, waitlist, development, beta and launch communications to the email address you provide. You must keep that address current. Marketing communications will be sent only where permitted by law and may be unsubscribed from without affecting essential contractual communications.
17.3 Benefits and the future application may involve payment processors, cloud providers, technical suppliers, logistics providers, ateliers, event partners or other third parties. Their services may be subject to separate terms and privacy notices. Nothing in this clause excludes KORPA’s responsibility where KORPA is legally responsible under mandatory law.
18. Physical benefits
18.1 Physical items, including any Founder’s Box, card, merchandise or printed materials, are subject to production and shipping availability. KORPA may substitute an item of reasonably comparable nature or value where necessary.
18.2 Delivery dates are estimates. Unless KORPA states otherwise, you are responsible for local import duties, customs charges and taxes. Statutory rights relating to lost, damaged or defective items are unaffected.
19. Liability
19.1 Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, fraud, fraudulent misrepresentation, wilful misconduct, mandatory consumer rights or any other liability that cannot lawfully be excluded or limited.
19.2 Subject to clause 19.1 and to the extent permitted by law, KORPA is not liable for losses that were not reasonably foreseeable when the contract was entered into.
19.3 Subject to clause 19.1, KORPA’s total liability arising from the Founding Waitlist arrangement is limited to the total Founding Waitlist Fee paid by you.
20. Changes, assignment and general provisions
20.1 KORPA may update these Terms only for a valid reason, including compliance with law, security, technical or operational changes, correction of errors, or changes reasonably required to administer the waitlist or launch process. Any change will be reasonable and proportionate, and KORPA will provide reasonable notice of any material change affecting existing rights.
20.2 KORPA may transfer these Terms to an affiliate, purchaser, successor or entity acquiring all or a substantial part of the relevant KORPA business, provided the transfer does not materially reduce your rights. KORPA will notify you of a material transfer.
20.3 If any provision is unlawful, invalid or unenforceable, it will be applied to the maximum extent permitted or removed where necessary, and the remaining provisions will continue in effect.
20.4 A failure or delay to enforce a right does not waive that right. These Terms and the Privacy Policy constitute the entire agreement relating to your Founding Waitlist position and do not themselves govern any future commercial application licence or service tier.
20.5 Nothing in these Terms creates a partnership, joint venture, agency, employment or fiduciary relationship.
21. Governing law and disputes
21.1 These Terms are governed by Irish law and the Irish courts have jurisdiction, subject to the mandatory consumer-protection and jurisdiction rules of your country of residence. If you are a consumer, you retain the protection of mandatory laws of your country of residence and may bring proceedings in the courts available to you under applicable consumer law.
21.2 A consumer may refer an eligible dispute to a competent alternative dispute resolution body and, for a cross-border EU dispute, may contact the European Consumer Centre network.
22. Contact
22.1 KORPA VAM Operations Ltd., 1 Grant’s Row, Lower Mount Street, Dublin 2, D02 HX96, Ireland. Email: membership@korpa.io.
Acceptance
By ticking “I have read and agree to the Founding Waitlist and Early Access Terms and the Privacy Policy” and completing payment, you confirm that you have read, understood and agree to these Terms. You specifically acknowledge that you are paying for a waitlist position and the stated benefits, not ordering an application licence; that the application is under development and may change or be delayed; that any commercial licence requires separate acceptance and payment; and that your payment gives you no intellectual property, ownership, investment or governance rights.
