For IREO Residences Company Private Limited
The information and materials contained in this website www.ghgresidences.com (“Website”) of IREO Residences Company Private Limited ("Company") do not constitute an offering to anyone and are provided for reference only. Such information and materials are subject to change without any notice or information whatsoever. Neither the Company, its affiliates, its group companies nor any of their respective principals, directors, officers, employees, agents or representatives make any representation or warranty, express or implied, with respect to the use of this Website, any information or any other materials contained provided herein. The Company expressly disclaims any express or implied warranty of accuracy or quality and any implied warranty of merchantability, fitness for a particular purpose or non-infringement and assumes no liability for any errors and/or omissions in any posted information or any other materials contained in this Website.
Any graphic animations/images contained in this Website are artistic conceptualizations and do not purport to exactly replicate the product(s) depicted therein. Improvements and recreational features and amenities described in this Website are based upon current development plans which are subject to change and which are under no obligation to be completed. References in this Website to any products, events or services do not necessarily constitute or imply Company’s endorsement or recommendation of them. Soft furnishing, furniture and gadgets are not a part of the offering.
Under no circumstances shall Company be liable for any direct, indirect, incidental, special, consequential or punitive damages resulting from the use or inability to use this Website; or resulting from any information obtained or messages received in connection with this Website; or resulting from any unauthorized access to or alteration of your transmissions of data, including without limitation, damages for loss of profits, use, data or other intangible, even if the Company has been advised of the possibility of such damages.
The Company also expressly disclaims any liability for any damage to your computer equipment or other property as you access or browse this Website or download material from the Website, including without limitation any damage arising from any virus, worm or other malicious code that may infect your computer equipment.
Disclaimers related to Hyatt International Corporation (“Hyatt”)
“Grand Hyatt” is a registered trademark of Hyatt International Corporation (“Hyatt”). Neither Hyatt nor any of its partners or affiliates is in any way participating in or endorsing the offering and none of them will receive any proceeds from the sale of the residence-units comprised in the Residences-Complex. Neither the allottee, nor the allottees, nor any person claiming through or under them, nor the RWA, will acquire any interest in the “Grand Hyatt" name or the Hyatt trademarks through the purchase of the residence-unit. Hyatt has neither endorsed nor approved the financial aspects relating to the sale of the residence-units pursuant to any public disclosure documents.
In order to continue to retain the limited rights to the “Grand Hyatt” brand name and trademarks, the Residences-Complex must be operated and maintained and the residence-units must be marketed and sold in accordance with the Brand Standards. An affiliate of Hyatt will, as an agent of the Company/the Maintenance Service Agency (MSA), manage the Residences-Complex pursuant to one or more supervisory or management agreements executed between the MSA and/or the RWA, and the “Grand Hyatt” brand name and trademarks will not continue to be associated with the Residences-Complex upon termination of those agreements, or the termination of the Residences Management Agreement or the Hotel Agreements for any reason whatsoever.
The right and license to use the “Grand Hyatt” brand name and trademarks is only for Residences-Complex, and residence-unit purchasers and/or the RWA shall not have the right to use it for parts of the common areas or inside the residence-units being acquired by any allottee. There exists no joint venture, joint enterprise, partnership, ownership or similar relationship between the MSA and Hyatt. Neither Hyatt nor its affiliates have any ownership interest in the Hotel, Residences-Complex or any of the residence-units or any responsibility for the marketing and sale of the residence-units.
If the Hotel Agreements are terminated, the Hotel, the Residences-Complex and each of the residence-units must cease using the “Grand Hyatt” brand name and trademarks.
Certain fees, costs and expenses incurred to maintain the residence-units to the standards required by the Residences Management Agreement are part of the expenses for common areas of the Residences-Complex and/or the club at the Residences-Complex. The failure of the allottee (or the RWA) or the MSA to approve budgets sufficient to cover required expenses for management, maintenance and other services could result in a failure to maintain the Brand Standards and accordingly, a termination of the Residences Management Agreement. Hyatt, and its affiliates are not responsible for and make no representation or warranty concerning (i) the construction of the residence-units, common areas of the Residences-Complex, or the club in the Residences-Complex, (ii) obtaining required permits, licenses and approvals to develop the residence-units, common areas of the Residences-Complex or the club in the Residences-Complex, and (iii) sale of the residence-units or ensuring that the residence-units are sold in accordance with all applicable laws, codes, ordinances and other governmental requirements. Hyatt or its affiliates retention and exercise of rights of approval or inspection with respect to the marketing and sale of residence-units are for the purpose of protection of its and its affiliate’s interest in the “Hyatt” or “Grand Hyatt” brand name and trademarks only. The Company has the sole right and responsibility for the manner and means by which the residence-units are sold.
The Company’s rights to develop the Residences-Complex and sell the residence-units under the name “Grand Hyatt” are governed by a License Agreement with Hyatt. The allottee shall not acquire its residence-unit with the expectation that the “Grand Hyatt” name and trademarks will continue to be associated with the Residences-Complex during its entire period of ownership.
Even though the Company has, as Licensee, licensed the right to use the “Grand Hyatt” brand name and trademarks from Hyatt with respect to the Residences-Complex, the Residences- Complex cannot be so branded since such license does not commence until the date of formal opening of the Hotel. In the event the said Hotel is not ready at the time of handing over possession of the residence-unit, then in such event the Company shall hand over possession of the residence-unit without any branding of the Residences-Complex. An affiliate of the Company shall render the maintenance services to the Residences-Complex, and Hyatt, or its affiliate, shall have no obligation to render, as an agent of the Company, certain maintenance and hospitality services to the Residences-Complex. Further, it is only once the said Hotel is open that an affiliate of Hyatt, acting as an agent of the Company, will provide certain maintenance and hospitality services to the Residences-Complex.
Notwithstanding the above, as and when the Company and Hyatt decide to brand the Residences-Complex, which date shall be on or before the formal opening of the Hotel, then in such an event an affiliate of Hyatt would, as an agent of the Company provide certain maintenance and hospitality services to the Residences-Complex.
Capitalized terms used in this section and not otherwise defined shall have the same meaning as ascribed to them in the agreements entered between Hyatt/its affiliates with the Company and its affiliates.
Copyright in all the literary & artistic work in the pages in Website which are on display and all the information and material therein is the exclusive intellectual property of the Company unless otherwise indicated. All such content and material including design and artistic work like logos, arrangement of logos etc., on this Website are protected by Indian copyright law and various other international treaties. Any unauthorized downloading of materials, files, content, artistic work etc. is wholly illegal. Further any change, reproduction, distribution, misuse in any manner, of the content as available on this Website in any way, whatsoever, unless duly authorized by the Company would amount to violation of provisions of the Copyright law.
© 2014 IREO Residences Company Private Limited