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Fiorano Ferrari Terms & Conditions

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i) Corse Membership Terms and Conditions
ii) Rosso Membership Terms and Conditions
iii) Events Terms and Conditions
iv) Voucher Terms & Conditions

i) Corse Membership - Terms and Conditions

1. DEFINITIONS

These terms and conditions (‘the Terms’) shall apply to Corse level membership (‘the Membership’) of an individual (‘the Member’) to Fiorano Ferrari (‘the Club’) a driving club wholly owned by Ferrari GB Ltd (‘the Company’). The registered office of the Company is 275 Leigh Road, Slough, Berkshire SL1 4HF.

For the purpose of this document ‘the Applicant’ shall mean a person applying for Membership of the Club.

2. APPLICATION OF THE TERMS

2.1To become a Member the Applicant shall accept the Terms in full.
2.2The Terms shall constitute the entire agreement between the Member and the Club and shall supersede any prior agreements or communications between the Member and the Club.
2.3Membership shall not be assigned or subcontracted by the Member.
2.4The Membership and the Terms shall be governed by and construed in all respects in accordance with English Law. The Member and the Club and the Company irrevocably submit to the jurisdiction of the English Courts.

3. REQUIREMENTS

3.1Applicants and Members shall own a Ferrari car or be a Ferrari depositor. The Club reserves the right to cancel or withdraw Membership at any stage if a Member ceases to own a Ferrari.
3.2Applicants and Members shall hold a full driving license valid for use in the UK and be competent and fit to drive.

4. MEMBERSHIP APPLICATION AND ACCEPTANCE

4.1An Applicant’s submission for Membership will not automatically be accepted by the Club. Membership is limited due to commercial and administrative constraints, and to protect exclusivity. Applicants may be held on a waiting list and will be informed of the status of their application if it progresses.
4.2The Club has the absolute discretion to accept, reject or restrict Membership and is not required to provide any explanation, either written or verbal.
4.3Applicants and Members have no right to appeal against any Membership decision.

5. MEMBERSHIP BENEFITS

All Membership benefits are subject to Clause 6 below.

5.1The Club shall provide a new Member with personalised race overalls, a race helmet and race boots. No cash alternative is available. The Member must specify the sizes required on the equipment order form. There is no right of return or replacement for incorrectly ordered equipment. The Club is responsible for ordering the equipment, but makes no guarantee as to the time taken for the equipment to be supplied to the Member. The Club reserves the right to alter, change or modify the style, type, quality or supplier of some or all of the equipment to be provided. The Club shall not provide compensation or recompense for any delay or failure in the supply of equipment. No replacement will be provided for equipment that has been worn or damaged following use.
5.2The Member shall have priority access to all Club track events throughout the UK & Europe.
5.3The Member may apply to drive their Ferrari car on a Company track (under instruction).
5.4The Member may apply to the Club to bring one driving guest to any Club event.
5.5The Member may apply to the Club to bring one free non-driving guest to any and or all Club events.
5.6The Member may apply to the Club to bring additional non driving guests to any Club event.
5.7The Member shall have notification of Club news and events and shall have priority invitation to Club events.
5.8The Member shall have access to the Corse Members’ area of the Club website.
5.9The Member can apply to the Club to store their Ferrari car at the Club and or Company storage facilities.

6. TERMS AND CONDITIONS OF MEMBERSHIP BENEFITS

6.1The Club has the absolute discretion to issue and or alter and or withdraw any benefits, all of which are detailed above in clause 5.
6.2Any successful application for a Member benefit shall be subject to additional terms and conditions and additional fees as advised by the Company or the Club upon application.
6.3All Club event benefits, as detailed above in clause 5, are subject to availability, advanced event bookings and fees paid in full and the additional terms and conditions of the event. The Club and or Company reserve the right to amend event fees at any time and only by paying a non-refundable and non-transferable deposit, will the Member be excluded from any fee variation.

7. FEES

7.1The Applicant shall pay, in full, to the Club the joining fee of £4000 exclusive of VAT to become a Member. If the Applicant is given Membership to the Club, this will last for a period of one (1) year from the date of purchase.
7.2Upon expiry of the initial one (1) year Membership, and annually, a renewal fee of £1650 exclusive of VAT is due and must be paid in full to the Club, by the renewal date, to be a Member. Failure to pay the renewal fee will constitute a fundamental breach of the Terms and will result in automatic termination of the Membership at the end of the period for which the Member has paid either the joining fee or renewal fee, in full.
7.3A Member can opt not to renew their Membership and can instead pay the renewal fee of £800 exclusive of VAT to become a Rosso level member, Rosso membership terms and conditions will apply. In this case there will be no reimbursement of monies already paid in consideration of the Membership.
7.4The Company reserves the right to review and increase the joining fee and or renewal fee at any time at its absolute discretion and without prior notification to the Applicant or Member.

8. MEMBERSHIP TERMINATION

8.1A Member may terminate their Membership by writing to the Club at the Company address above.
8.2Membership will not expire until the end of 4 weeks from the date of the Member’s termination letter above.
8.3Upon termination of the Membership, clause 2.4 survives and continues to apply.
8.4The Member shall not be reimbursed or compensated for any lost period of Membership, following termination.
8.5A Member who terminates their Membership and who then becomes an Applicant will be subject to the full application process and joining fee.

9. FORCE MAJEURE

If the Company and or the Club is unable to perform any of its obligations to Members under the Terms of this Membership or an event, by reason of any circumstance, cause or event outside its control including (without limitation of the generality of this Clause) any governmental restriction, adverse weather, riot, commotion, act of God, industrial action, breakdown of plant or any failure of gas, water, electricity etc., the Company and or the Club shall be entitled to be relieved of its obligations hereunder to the extent to which performance of the obligations is prevented, frustrated or suspended. In such circumstances non-performance, part-performance or delay in performance of the obligations of the Company and or the Club hereunder shall not entitle the Member to claim damages of any kind whatsoever whether direct, indirect or consequential.

10. EXCLUSION OF LIABILITY

Except in respect of death or personal injury caused by the negligence of the Company and or the Club or as expressly provided herein, the Company and or the Club shall not be liable to the Member by reason of any representation (unless fraudulent), or any implied warranty, condition or other term, or any duty at common law, or under the Terms herein for any loss of profit or any indirect, special or consequential loss, damage, costs, expenses or other claims (whether caused by the negligence of the Company and or the Club, its employees or agents or otherwise) which arise out of or in connection with the provision of the Membership.

11. ASSIGNMENT

The Membership is supplied to the Member only, and is not transferable to any other individual at anytime.

12. LICENSES

On becoming a Member of the Club the Member acknowledges that any photographic pictures or video footage taken by the Company and or the Club at any event may be used for marketing purposes by the Club and or the Company.

13. DATA PROTECTION / PRIVACY RULES

In entering into Membership of the Club, the Member agrees that the Company and or the Club can contact the Member, register the Member on the Club website and or exchange information about the Member with companies instructed by the Company, to enhance your enjoyment of the Membership, for market analysis and for marketing purposes.

The Member understands that if they no longer wish to be contacted by the Company and or the Club, the Member will state this in writing to Membership Manager, Fiorano Ferrari, Ferrari GB Ltd, 275 Leigh Road, Slough, Berkshire SL1 4HF and by giving their details.

14. OTHER

14.1If any clause of these Terms is held to be illegal, invalid or unenforceable in whole or in part these Terms shall continue to be valid as to the other clauses and the remainder of the affected clause.
14.214.2. These Terms can be unilaterally varied by the Club and or the Company at any time by giving written notice to the Member. There shall be no variation of these Terms by the Member.

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ii) Rosso Membership Terms and Conditions

1. DEFINITIONS

These terms and conditions (‘the Terms’) shall apply to Rosso level membership (‘the Membership’) of an individual (‘the Member’) to Fiorano Ferrari (‘the Club’) a driving club wholly owned by Ferrari GB Ltd (‘the Company’). The registered office of the Company is 275 Leigh Road, Slough, Berkshire SL1 4HF.

For the purpose of this document ‘the Applicant’ shall mean a person applying for Membership of the Club.

2. APPLICATION OF THE TERMS

2.1To become a Member the Applicant shall accept the Terms in full.
2.2The Terms shall constitute the entire agreement between the Member and the Club and shall supersede any prior agreements or communications between the Member and the Club.
2.3Membership shall not be assigned or subcontracted by the Member.
2.4The Membership and the Terms shall be governed by and construed in all respects in accordance with English Law. The Member and the Club and the Company irrevocably submit to the jurisdiction of the English Courts.

3. REQUIREMENTS

3.1Applicants and Members shall own a Ferrari car or be a Ferrari depositor. The Club reserves the right to cancel or withdraw Membership at any stage if a Member ceases to own a Ferrari car.
3.2Applicants and Members shall hold a full driving license valid for use in the UK and be competent and fit to drive.

4. MEMBERSHIP APPLICATION AND ACCEPTANCE

4.1An Applicant’s submission for Membership will not automatically be accepted by the Club. Membership is limited due to commercial and administrative constraints, and to protect exclusivity. Applicants may be held on a waiting list and will be informed of the status of their application if it progresses.
4.2The Club has the absolute discretion to accept, reject or restrict Membership and is not required to provide any explanation, either written or verbal.
4.3Applicants and Members have no right to appeal against any Membership decision.

5. MEMBERSHIP BENEFITS

All Membership benefits are subject to Clause 6 below.

5.1The Club shall provide a new Member with a gift. The Club reserves the right to alter, change or modify the style, type, quality or supplier of the gift. The Club shall not provide compensation or recompense for any delay or failure to supply the gift. No replacement will be provided for a gift that has been damaged following use and no cash alternative is available.
5.2The Member shall have access to up to two (2) Club track events; one (1) in the UK and one (1) outside of the UK but within Europe.
5.3The Member may attend “Member’s days” and drive only a Club fleet car. For the avoidance of doubt, this Membership does not entitle the Member to attend Challenge days, Challenge experience days, Ready to Race and the Fiorano GT programme.
5.4The Member may apply to the Club to bring one non-driving guest to any Club event.
5.5The Member shall have notification of Club news.
5.6The Member shall have access to the Rosso Members’ area of the Club website.

6. TERMS AND CONDITIONS OF MEMBERSHIP BENEFITS

6.1The Club has the absolute discretion to issue and or alter and or withdraw any benefits, all of which are detailed above in clause 5.
6.2Any successful application for a Member benefit shall be subject to additional terms and conditions and additional fees as advised by the Company or the Club.
6.3All Club event benefits, as detailed above in clause 5, are subject to availability, advanced event bookings contingent on fees paid in full and the additional terms and conditions of the event. The Club and or Company reserve the right to amend event fees at any time and only by booking and making the full non-refundable and non-transferable payment, will the Member be excluded from any fee variation.

7. FEES

7.1 To become a Member the Applicant shall:
apay, in full, to the Club the Rosso joining fee of £1650 exclusive of VAT, or
bpurchase a new Ferrari 612 Scaglietti, 599 GTB Fiorano, 430 Scuderia, F430 Coupe or F430 Spider from an Official UK Ferrari Dealer and be the first registered keeper of the car.
If the Applicant is given Membership to the Club, this will last for a period of one (1) year from the date of Membership purchase or the date of the first registration respectively.
7.2Upon expiry of the initial one (1) year Membership, and annually, a renewal fee of £800 exclusive of VAT is due and must be paid in full to the Club, by the renewal date, to be a Member. Failure to pay the renewal fee will constitute a fundamental breach of the Terms and will result in automatic termination of the Membership at the end of the period for which the Member has paid either the joining fee or renewal fee, in full.
7.3
aFor a Member to upgrade to Corse level membership, Corse membership terms and conditions shall apply, a Member shall pay, in full, to the Club the Corse joining fee of £4000 exclusive of VAT, subject to clause 7.3.b below.
bA Member that paid the Rosso joining fee under clause 7.1.a above, if within six (6) months of the date of the Membership purchase, shall pay, in full, to the Club the sum of the Corse joining fee, plus the administration fee of £350 exclusive of VAT, less the Rosso joining fee as paid under clause 7.1.a above.
7.4The Company reserves the right to review and increase the joining fee and or renewal fee at any time at its absolute discretion and without prior notification to the Applicant or Member.

8. MEMBERSHIP TERMINATION

8.1A Member may terminate their Membership by writing to the Club at the Company address above.
8.2Membership will not expire until the end of 4 weeks from the date of the Member’s termination letter above.
8.3Upon termination of the Membership, clause 2.4 survives and continues to apply.
8.4The Member shall not be reimbursed or compensated for any lost period of Membership, following termination.
8.5A Member who terminates their Membership and who then becomes an Applicant will be subject to the full application process and joining fee.

9. FORCE MAJEURE

If the Company and or the Club is unable to perform any of its obligations to Members under the Terms of this Membership or an event, by reason of any circumstance, cause or event outside its control including (without limitation of the generality of this Clause) any governmental restriction, adverse weather, riot, commotion, act of God, industrial action, breakdown of plant or any failure of gas, water, electricity etc., the Company and or the Club shall be entitled to be relieved of its obligations hereunder to the extent to which performance of the obligations is prevented, frustrated or suspended. In such circumstances non-performance, part-performance or delay in performance of the obligations of the Company and or the Club hereunder shall not entitle the Member to claim damages of any kind whatsoever whether direct, indirect or consequential.

10. EXCLUSION OF LIABILITY

Except in respect of death or personal injury caused by the negligence of the Company and or the Club or as expressly provided herein, the Company and or the Club shall not be liable to the Member by reason of any representation (unless fraudulent), or any implied warranty, condition or other term, or any duty at common law, or under the Terms herein for any loss of profit or any indirect, special or consequential loss, damage, costs, expenses or other claims (whether caused by the negligence of the Company and or the Club, its employees or agents or otherwise) which arise out of or in connection with the provision of the Membership.

11. ASSIGNMENT

The Membership is supplied to the Member only, and is not transferable to any other individual at anytime.

12. LICENSES

On becoming a Member of the Club the Member acknowledges that any photographic pictures or video footage taken by the Company and or the Club at any event may be used for marketing purposes by the Club and or the Company.

13. DATA PROTECTION / PRIVACY RULES

In entering into Membership of the Club, the Member agrees that the Company and or the Club can contact the Member, register the Member on the Club website and or exchange information about the Member with companies instructed by the Company, to enhance your enjoyment of the Membership, for market analysis and for marketing purposes.

The Member understands that if they no longer wish to be contacted by the Company and or the Club, the Member will state this in writing to Membership Manager, Fiorano Ferrari, Ferrari GB Ltd, 275 Leigh Road, Slough, Berkshire SL1 4HF and by giving their details.

14. OTHER

14.1If any clause of these Terms is held to be illegal, invalid or unenforceable in whole or in part these Terms shall continue to be valid as to the other clauses and the remainder of the affected clause.
14.2These Terms can be unilaterally varied by the Club and or the Company at any time by giving written notice to the Member. There shall be no variation of these Terms by the Member.

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iii) Events Terms and Conditions

1. DEFINITIONS

These terms and conditions (‘the Terms’) apply to any event and subsequent event activity (‘the Event’) which is conducted by Fiorano Ferrari (‘the Club’) a driving club wholly owned by Ferrari GB Ltd (‘the Company’). The registered office of the Company is 275 Leigh Road, Slough, Berkshire SL1 4HF.

For the purpose of this document ‘the Participant’ shall mean an individual that is a rosso or corse level member (‘the Member’) of the Club, who attends or intends to attend an Event which is conducted by the Club and or the Company and or a guest who attends or intends to attend an Event at the invitation of a Member and or the Club and or Company.

For the purpose of this document ‘the Booking Agreement’ shall mean the agreement between the Club and the Participant for the Participant to attend an Event.

2. APPLICATION OF THE TERMS

2.1By entering into a Booking Agreement for and or attending an Event, the Participant accepts these Terms in full.
2.2The Terms and the Booking Agreement shall constitute the entire agreement between the Club and the Participant and shall supersede any prior agreements or communications between the Club, and or Company, and the Participant.
2.3The Booking Agreement shall not be assigned by the Participant
2.4The Booking Agreement and the Terms shall be governed by and construed in all respects in accordance with English Law. The Participant and the Club and the Company irrevocably submit to the jurisdiction of the English Courts.
2.5The Terms shall apply to any Event whether the Participant uses a car supplied by the Club or provides their own.

3. SAFETY AND SECURITY PRECAUTIONS

3.1Participants are expected to observe all safety and security precautions or other similar measures imposed by the Club and or the Company and or the Event venue.
3.2If the Club determines that a crash helmet is to be worn at an Event, the Participant must do so as a mandatory requirement and without exception. A Participant who is not willing to do so will not be allowed to partake in the Event.
3.3Any Participant booking or attending an Event, must be willing to sign all required disclaimers of liability at the Event and must abide by all rules and regulations, whether express or implied.
3.4A Participant can only take part in an Event once they have signed a disclaimer.
3.5The Participant shall hold a full driving license valid for use in the UK and be competent and fit to drive, to drive at an Event.

4. REFUSAL OF ADMISSION AND EXCLUSION FROM AN EVENT

4.1The Club and or the Company reserve the right to refuse admission, or to exclude any Participant from an Event.
4.2The Club and the Company will not be required to provide any refund or be liable for any costs to any Participant that is refused admission, or excluded from an Event.
4.3A Participant with Rosso level membership shall only be entitled, by virtue of their membership, to participate in ‘Members’ Day’ events.
4.4Children under 16 years of age and animals are not permitted at any Event.
4.5The Club and or the Company reserve the right to make areas at the Event site out of bounds and to expel Participants without refund if they ignore advice and warning signs.
4.6 The Club and or Company reserve the right to expel Participants from an Event if:
4.6.1they are found to be driving dangerously, or
4.6.2they are putting themselves, other Participants, employees or agents of the Club or Company at risk of injury, or
4.6.3their acts may damage property or equipment belonging to Participants, employees or agents of the Club or Company, or
4.6.4their behaviour at an Event is found to be intolerable by employees or agents of the Club or Company, or by other Participants.

5. USE OF CARS

5.1Only Participants with Corse level membership will be permitted to drive their own car at an Event, subject to the booking fees and terms and conditions specific to that Event.
5.2Participants holding Rosso level membership will only be permitted to drive vehicles from the Club fleet.
5.3The Club reserves the right to refuse a booking by a Participant to use their own car, if the car does not meet circuit regulations or if the Club determines that the car is not track worthy.
5.4In making a Booking Agreement to attend an Event, a Participant gives the Club authority to drive and mechanically check their car.
5.5The use of a Participant’s own car at any Event may incur potential additional costs, including but not limited to insurance, transport fees, parts and labour.

6. PAYMENT AND DEPOSITS

6.1 The following provisions apply only to Participants who hold valid Corse level membership (excluding ‘Ready to Race Experience’ Events):
6.1.1When entering into a Booking Agreement, the Participant must pay a non-refundable and non-transferable deposit, as confirmed by the Club at the time of booking and subject to regular review. Deposits required will vary depending on whether a Participant will be driving a Club fleet car or their own car at an Event; this information can be obtained directly from the Club.
6.1.2Fiorano vouchers are not redeemable against any deposit made for an Event. They can only be used against balance payments.
6.1.3The Club reserves the right to amend Event costs and deposits required at any time and without notice.
6.1.4Only by placing a non-refundable and non-transferable deposit does the Participant guarantee an agreed price for an Event.
6.1.5Attendance and participation at any Event is not confirmed until a deposit has been received from the Participant.
6.1.6The balance payable for an Event is due and payable a minimum of 6 weeks prior to the Event. If the balance has not been paid by this date, the Club reserves the right to cancel the Booking Agreement.
6.1.7If an Event is booked within 6 weeks of the Event date, full payment is required in order to reserve a place.
6.2To attend a ‘Ready to Race Experience’ Event, a Participant must pay in full at the time of booking. This payment is non-refundable and non-transferable.
6.3A Participant with Rosso level membership must pay in full at the time of booking an Event. This payment is non-refundable and non-transferable.
6.4Vouchers are subject to voucher terms and conditions and are only redeemable against selected Events and are subject to availability. Only one voucher can be redeemed per driving place.

7. BOOKING CANCELLATION BY THE PARTICIPANT

7.1Any cancellation of a Booking Agreement by the Participant must be received in writing by the Club not less than 6 weeks prior to the Event.
7.2Unless expressly agreed in writing, no refunds or transfers will be made if the cancellation is within 6 weeks of the Event, subject to clause 7.3 below.
7.3As under clauses 7.1 and 7.2 above, there will be no refund or transfer for a cancellation of a Booking Agreement for a Ready to Race Experience, or for any cancellation of a Booking Agreement or attendance, unless the Participant has corse level membership and or the Booking Agreement was made by a Participant with corse level membership. Deposits are non-refundable and non-transferable.

8. EVENT CANCELLATION BY THE CLUB AND OR COMPANY

8.1
aIf an Event is cancelled due to circumstances beyond the control of the Club or Company, the Participant shall be promptly informed and their payment shall be refunded.
bIf an Event is rearranged due to circumstances beyond the control of the Club or Company, the Participant shall be promptly informed and their booking and payment shall be transferred to a future equivalent Event.
8.2If the Club or the Company cancel an Event then any payment made by the Participant, to the Club or the Company for the Event, will be refunded or transferred to a future Event. The Participant will be kept informed of any changes and options available if a cancellation occurs.
8.3If an Event is cancelled, interrupted, and or limited and or shortened, due to a force majeure cause, the Club and or the Company will not refund or transfer any money paid by the Participant.
8.4If an Event is cancelled, the Participant shall be solely liable for any expenses incurred in consideration of or arising out of an Event.

9. LOSS OR DAMAGE OF PARTICIPANT PROPERTY

In attending an Event, the Participant acknowledges and agrees to take full responsibility for their property and any loss or damage that may occur to it, whilst at an Event. The Club and or the Company shall not be held directly or vicariously liable or be in any way responsible for any loss or damage to Participant’s property whilst at an Event.

10. DAMAGE TO CLUB OR COMPANY PROPERTY

10.1‘Equipment’ referred to in this clause includes but is not limited to the following items belonging to the Club and or the Company and or the Event venue: radios; fire extinguishers; hospitality equipment; technical equipment; suits and helmets.
10.2The Participant is under an obligation to keep safe any Equipment.
10.3If any Equipment is lost or damaged due to negligence or improper use by the Participant, the Participant is under an obligation to pay any costs for replacement and or repair of the Equipment.
10.4Any costs under clause 10.3 will be paid by the Participant, in full, to the Club within 7 days of demand by the Club.

11. SMOKING AT AN EVENT

11.1Under Event rules and regulations, and subject to English Law, smoking is not permitted anywhere near Event vehicles, hospitality areas, the pit lane or anywhere else that could be considered dangerous.
11.2Smoking is only permitted in those areas clearly marked at each Event.
11.3Full co-operation and consideration by Participants is appreciated in this matter. Any Participant that does not abide by Event rules and regulations may be subject to exclusion from the Event and or the Event venue.

12. ADVERTISING AND PROMOTION

12.1Any Participant wishing to undertake any advertising, promotion or other marketing activity at an Event shall not do so unless by the express agreement of the Club and in accordance with the Club’s directions.
12.2The Club reserves the right to expel any Participant trying to advertise or promote at an Event without their express written consent.
12.3An Event Participant acknowledges that any photographic pictures or video footage taken by the Club at any Event may be used for the marketing purposes of the Club and or the Company.

13. FORCE MAJEURE

If the Club is unable to perform any of its obligations under the Terms of the Event or through a specific Booking Agreement by reason of any circumstance, cause or event outside of its control, including (without limitation of the generality of this Clause) any governmental restriction, adverse weather, riot, commotion, acts of God, industrial action, breakdown of plant or any failure of gas, water services, electricity etc., the Club shall be entitled to be relieved of its obligations hereunder to the extent to which performance of the obligations is prevented, frustrated or suspended. In such circumstances non-performance, part-performance or delay in performance of the obligations of the Club hereunder shall not entitle the Participant to claim damages of any kind whatsoever whether direct, indirect or consequential.

14. LIMITATION OF LIABILITY

Except in respect of death or personal injury caused by the negligence of the Company and or the Club or as expressly provided herein, the Company and or the Club shall not be liable to the Participant by reason of any representation (unless fraudulent), or any implied warranty, condition or other term, or any duty at common law, or under the Booking Agreement or Terms herein for any personal injury, loss of profit or any indirect, special or consequential loss, damage, costs, expenses or other claims (whether caused by the negligence of the Company and or the Club, its employees or agents or otherwise) which arise out of or in connection with the Booking Agreement and or these Terms and or participation in an Event.

Any liability of the Club and or the Company shall be limited to the face value of the Booking Agreement and or the Participant’s place at the Event.

15. OTHER

15.1If any clause of these Terms is held to be illegal, invalid or unenforceable in whole or in part these Terms shall continue to be valid as to the other clauses and the remainder of the affected clause.
15.2Except where expressly stated otherwise, these Terms can be unilaterally varied by the Club and or the Company at any time by giving written notice to the Participant.
15.3There shall be no variation of these Terms by the Participant.

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iv) Voucher Terms & Conditions

1. DEFINITIONS

These terms and conditions (‘the Terms’) apply when Ferrari GB Ltd (‘the Company’) of rregistered office of the Company is 275 Leigh Road, Slough, Berkshire SL1 4HF, issues a Voucher. A ‘Voucher’ is a complimentary £750 (including VAT) voucher issued to the First Owner of a new Ferrari car, purchased from an official Ferrari Dealer in the UK and or any other voucher as issued by the Company.

For the purpose of this document the First Owner means the name entered by an official Ferrari Dealer in the UK on the central Ferrari system to activate the vehicle warranty. Fiorano Ferrari is a driving club (‘the Club’) wholly owned by the Company.

2. VALIDITY

2.1The Voucher is valid for a period of 12 months from the date of activation of the vehicle warranty.
2.2The Voucher is only redeemable against applicable Club events, membership renewal, or membership upgrade (subject to availability and dependant upon membership level).
2.3A Voucher cannot be redeemed against the deposit required for a Club event.
2.4The Voucher is non-transferable.
2.5Only one Voucher can be used per transaction
2.6The Club and or the Company reserve the right to unilaterally withdraw, alter or amend these Terms and or the Voucher without prior notice and at any time.
2.7No compensation will be due or paid where a Voucher is used against a balance payment and the outstanding balance is less than the face value of the Voucher. Any additional Voucher value will be lost.
2.8The Voucher has a cash value of 0.0000001p and shall not entitle the holder to any discount other than that outlined above, or be exchanged for cash or any other benefit than that listed above.

3. CORSE LEVEL MEMBERS

Should a Corse level Club member with a valid Voucher opt not to renew their Corse membership, they will automatically be given Rosso level membership for the remaining period of Voucher validity.

4. JURISDICTION

These Terms shall be governed by and construed in all respects in accordance with English Law and shall be subject to the exclusive jurisdiction of the courts of England and Wales.

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