Sharing Value

Charter

TRANSPARENCY

The files processed on our site can only be accessed and consulted by each of our clients or their advisers.  Only the items entered by our customers are indicated in the final report that is intended for them, being specified certain data may be modified, in full transparency, according to the information in our database relating to their sector, their Model Business, their geographical area of activity.

COMPREHENSION


We strive to be understood by investors, project owners and third parties alike.  

INFORMATION TRANSMITTED


Sharing Value undertakes to transmit to its customers the following indicators: - set of each quantifiable intangible assets - weighting (haircuts / premiums) according to microeconomic (enterprise), meso-economic (sector) and macro-economic risks / opportunities (geographic area of ??activity).  Sharing Value is committed to giving its customers accurate information about its services in its offers, public statements and advertisements.  Colleagues recommended by Sharing Value must ensure that all communications, statements and presentations provided to customers are accurate and reliable.

SECURITY


The hosting provider selected by Sharing Value ensures the security of customer data.  It undertakes to respect the obligations fixed by the legal framework concerning the measures of security of the data of our customers  These data will not be communicated to anyone except when required or authorized in the context of a project.  

ASSISTANCE

Sharing Value is committed to providing online help.  We have put in place a system for managing potential claims (GSC) that can be issued by our customers and we are committed to responding as soon as possible.  

CONFIDENTIALITY  

Sharing Value guarantees the total confidentiality of information of a non-public nature that it comes to know in the context of its activity.  Sharing Value complies with the requirements of professional secrecy. To this end, it undertakes to implement all appropriate means for the protection of this information in accordance with the legislation in force.

Skills and Training

Sharing Value is committed to continuously maintaining its knowledge and skills to the level required by the evolution of the sectors and geographical areas analyzed.

Professional insurance


Sharing Value must subscribe to professional liability insurance covering all services provided to its customers. The valuation report must mention the points that the state of the available knowledge does not make it possible to decide with sufficient certainty.

Expertise ability

Sharing Value promotes its expertise in the national, European and international context, as well as the expertise activities it has carried out, by highlighting the principles of its Expertise Charter. Summaries are, if necessary, written for the general public. The debate of the conclusions may take the form of a symposium (s) of restitution. Sharing Value is not responsible for the use that the customer or his advisers may make of the valuation report (s).
 


Help

Dear, 
Thank you for your confidence. 
The SharingValue method is a simple tool for valuing companies through their Strategic Intangible Assets, ultimately resulting in a relevant valuation report (about 50 pages) that allows you to know the fair value of the company in clear terms and conditions. argued for all your interlocutors (shareholders, bankers, buyers, etc.).  In order to be able to launch your evaluation, it is necessary to have 30 minutes (for 1 to 3 exercises) to enter data. If this is not the case, you can restart the application in several times to finalize the evaluation, knowing that it is automatically registered. provided that: 2.1 extract registration in order to know the legal form of the company (eg Limited, Public, other), its registered capital, its legal number, the address of the registered office, the year of its creation, its business code. 2.2 its last tax package (Balance Sheet, Profit and Loss Account, Interim Management Balances) if it exists 2.3 and / or the projected financial elements appearing in your Business Plan.

This evaluation is a "tunnel" in 3 parts: 
1 Financial data (goodwill),
2 Microeconomic data (miscellaneous issues),
3 Operational data,

Each of these 3 parts is meshed to move from one to the other. 
In case of need to change part (example: to modify a number), you have 2 possibilities: 
either, return directly to the customer area and resume your evaluation at the end of the current evaluation, you can return to the part of your choice.

FAQ

Contexts of use  
In what contexts can SV be used? they are multiple
  • during a project
to measure the challenge and to speak a common language between the different actors of the project
  • when thinking about a BP
the online questionnaire helps to better structure the BP by reflecting on the main points
  • at a fundraising
the answers will be the demonstration of the value of the company to the eyes of investors
  • during an acquisition
this allows an objective view of the assets and constraints of the target beyond the accounts
  • during a transmission / assignment
this helps to form a real value of the company beyond the accounting data
  • in a shareholder divorce
this calms the debate between those who want to sell and those who buy
  • during a succession
this helps to calm the debate between the heirs and to obtain a fair value
  • during a tax audit
this allows a non-contestable value to be obtained if the answers provided are well founded
  • when evaluating its portfolio
it helps to form an objective idea of ??the value of its portfolio
  • at the request of an auditor
Should a provision for depreciation of securities (IFRS standards) be created or not?
  • during the continuous listing of unlisted securities
this allows to form an objective idea of ??the evolution of its heritage
  • to pilot its intangible assets
this allows to better control each of its intangible assets
   
Technical questions  
what if  
  • the company has material assets (securities, buildings ...)
These assets may be revalued and the differences recognized are deducted from equity and cash after tax impact.
  • the company has certain claims on the state.
In the event of a tax loss carryforward (less than 3 years and capped at € 1 million) and if the cash position of the company is tight, it should be increased by 50% of this deficit. Indeed, it represents an SIA to These assets may be added to shareholders` equity or raised at treasury
  • the company is a holding company with subsidiaries & holdings
A valuation of each entity should be carried out and prorated in proportion to the securities held by the holding company.
  • the company has various outlets of its own
If the company has only a business (or a few shops of its own and not free) representing the activity, this amounts to evaluating society as a whole
  • the company has various duty-free outlets
It is advisable to proceed with a valuation of each franchise and to make the summation at the level of the franchisor
   
   
Periods to consider  
When do we value from previous years? During an assignment / transmission & acquisition
When do we value from future exercises? When raising funds / capital increase to calculate the issue premium
Are we obliged to respect successive years? No, in some cases (example: Biotech) we can go from year n to n + 3
Do we have to respect 12-month exercises? No, some exercises may be lower or higher in terms of duration
Documents & information to provide  
  • for previous years
Precise sector of activity & geographical area in which the company works
  • for upcoming exercises
Tax or accounting book Business Plan including financial projections
   
Database  
   
How does the software attribute discount? The software is correlated to a mega-database of sectoral (meso-economics) and geographical data (macroeconomics). Depending on the sector and / or country (or geographical area) of the company`s activity.  (example stagnation, even recession) a more or less significant discount is automatically applied.
   
How does the software attribute premium? The software is correlated to a mega-database of sectoral (meso-economics) and geographical data (macroeconomics). Depending on the sector and / or the country (or geographical area) of the company`s activity. (example growth or explosion) a more or less significant premium is automatically applied.
   
Are the sources of the base reliable? Yes because they come from the best sources: public and private research organizations of different countries: OECD, INSEE, GARTNER, BCG, PWC, MIT, UBS, Trade unions, etc.
   
Are the sources of the database updated? Yes, very regularly.
Why using Sharing Value? The use of our software has short, medium and long term interests.
=> In the short term, it makes it possible to accelerate and favor an acceptable transaction by the parties. Indeed, the questionnaire serves as a real guide to raise the essential points of the life of the company and its management. It is also a kind of "judge of peace" between the parties since its collaborative approach facilitates the convergence of points of view and thus delivers a fair value.
=> In the medium term, it improves the dashboard of the company and makes it possible to better follow the creation of value. Conversely, its pilot detects potential leaks of wealth and allows them to stop in time to recover.
=> In the long term, it serves as a transactional basis by objectively enlightening the parties on the strengths and constraints of the society.
What about the value of the BM when the founders are paid but not at their market value? This effort must be taken into consideration. To measure it, we will calculate the difference between:
The reference wage (excluding social charges) practiced on the market. Example: 6.000 and The salary (excluding social charges) actually paid. Example: 3,000 to be included in Human Capital.
That is a difference of 3,000 to be included in the BM amount.
Team & Partners

International presence of Sharing Value:

We are present in the following countries and comply with Section 409A of the IInternal Revenue Code and also the Bribery Act & Criiminal Finances Act.

- Morocco
- Japan
- Russia
- India
- China
- Israël
- Japan

OUR TEAM:

Jacky OUZIEL, CEO of SAORI, has the status of Financial Expert and Advisor.

This Software represents for its conceptor Jacky OUZIEL, the equivalent of 20 years of R&D.

Research corresponds to that conducted with students from various business schools : ESCP- Europe Finance Division of the University of Leonardo da Vinci ...  and engineering schools : EPITA , EPITECH ... on intangibles.

Development is the result of his experience in terms of valuation reports prepared at the request of the founders of many start-up (Perfect Memory, Kréalinks, Stample... ) and investors (Investessor, ALTERNATIVA, SOFIMAC Partners, ENGIE ... ).

 

Ouziel
jacky.ouziel@sharingvalue.fr

Anastasia PASTUKHOVA

Our Advisor for the russian market.

Graduate of HEC Paris, creative and proactive consultant with more than 15 years of experience in collaboration with leading companies. Anastasia represents Sharing Value in emerging markets.

Anastasia

apastukhova.sharingvalue@gmail.com

Jonathan OUZIEL

Marketing Chief Officer and Partner, has 11 years of experience in the development of international projects (France, USA and China) in the context of marketing and sales functions.

 

Ouziel
jouziel.sharingvalue@gmail.com

 


 

Jérôme ISORÉ

This evaluation site was developed with the assistance of Jérôme Isoré company SI2V.com.

Isore
isore@si2v.com

Arezki GUIDDIR 

He is an engineer-consultant in Strategic Management and brings his knowledge, experiences and expertise to the benefit of institutional mandates on intangible capital and economic intelligence. 

Arez
aguiddir.sharingvalue@gmail.com

Abhinav AGARWAL

Our Advisor for the indian market. 

Graduated in Economics and Computer Science, holds a MSC in Business Information Systems, Abhinav is our Business Developer India. He has over 10 years of experience in innovative decision-making and project management systems in various sectors and ecosystems.

abhinav.sharingvalue@gmail.com

Saori NAKAJIMA 

Our Advisor for the japanese market. 

She is graduated from Waseda & Sorbonne universities with a large professional experience in Tokyo and Paris.

snakajima.sharingvalue@gmail.com

Yves MARTIN-LAVAL 

Transition manager, Business Angel and creator of Start-up. 

Former administrator of the CNCEF (French Chamber of Financial Experts & Advisers), Yves is in charge of the development of Sharing Value in the Southern half of France.

yml.sharingvalue@gmail.com

Gilles TRIGANO

Partner consultant in Management and Business Restructuring. 

Associate in Economics and Management, IAE Paris, DEA in Statistical Mathematics.

gtrigano.sharingvalue@gmail.com

NOS PARTENAIRES :

David ANKRI

Our ambassador in the Israeli market. Advice on innovation & intelligent information systems.

Farid MEZOUAR

Our Ambassador to Morocco, runs a financial analysis and communications company.

Kazuomi YAMAGUCHI

Our distributor on the Japanese market supports Start-ups, particularly disruptive ones.

 

Board of Advisor :

Olivier Réaud - Collaborative Economy

Thierry Polack - Solidarity and Social Economy

Christel Lambolez - Communication

José Belda - Risk Management

Gérard Chevalier - Economy & Deep learning

Vidal Chriqui - New Tech

 

Our offers

Bronze formula
    
The BRONZE formula used to evaluate a company, from its Strategic intangible Assets on ONE year (past, actual or cominng year).


Price : 500€ (+ VAT).

Discount : - 5% for 10 reports.

          
Silver formula

The SILVER formula assesses a company from its Strategic Intangible Assets on TWO years (previous, in progress and/or coming)

Price : 600€ (+ VAT).

Discount : - 10% for 10 reports.

 

Gold Formula

The GOLD formula assesses a company from its Strategic Intangible Assets on a THREE years period (previous, in progress and/or forecasts).

Price : 700 € (+ VAT).

Discount : - 15% for 10 reports.
 

Partners

CNCIF
http://www.cncif.org

The National Chamber of Financial Investment Advisers, accredited by the AMF, represents independent financial Advisers.

CNCEF http://www.cncef.org/
The National Chamber of the Financial Experts & Advisers, Professional Union established in 1957, ensures the identification, qualification, representation and, when necessary discipline of its Independent Members.
PRIVATE INVESTMENTS NETWORK
http://www.privateinvestmentsnetwork.com
Collaborative platform allowing unlisted companies to organize and automatically share their accounting and legal information and KPI with their shareholders and partners, and which allows investors to manage their investments in a centralized manner, to value and follow their portfolio of unlisted companies.
CNCIOB
http://www.cnciob.org/
The National Chamber of Intermediaries Tips Bank Operations, brings together professionals working intermediation banking and payment services (IOBSP), establishment of credits for individuals and research funding for companies.
In Principo
http://www.inprincipo.com/

In Principo accompanies the evolution towards a culture of organizations and collaborative practices, both with their internal stakeholders that their ecosystems, to enable them to meet the challenges and opportunities of a changing world.

MAAT
http://www.maat-ingenierie.fr/
MaatPilot™ is a new type of software that provides guidance on good governance and business competitiveness.
FL Markets
http://www.flm.ma/
FL Markets set up the platform flm.ma to provide financial analysis using a rich data set. FL Markets also distributes SharingValue in Morocco.
Si2v
www.si2v.com
Créé en 1999 par Jérôme ISORÉ, SI2V développe les sites internet.
 
New account

Hello,

Thank you for your registration!

ACCREDITATIONS

SAORI SAS works closely with almost every major investor in a variey of countries worldwide to offer a detailed enterprise valuation service with guidance and support.

SAORI SAS method of valuation is validated, approved, and recommended by major financial organisations in France and other European countries.

You can consult our partners here:

SAORI Terms and Conditions of Trading

1. Definitions
    “Business Customer” means a customer who is not a Consumer.
    “Consumer” means an individual acting for purposes which are wholly or mainly outside that individual`s trade, business, craft or profession.
    “SAORI” means our Company established in France (Fr) Limited, also referred to as "we" or "us" in these Terms and Conditions.
    “Catalogue” refers to the catalogue of the services offered by SAORI Under its Trademark SharingValue (Gold, Silver or Bronze levels).
    “Force Majeure” means any cause affecting the performance by SAORI of its obligations arising from acts, events, omissions, happenings or non-happenings beyond its reasonable control including (but not limited to) governmental regulations or any disaster or industrial dispute affecting a third party.
    “Normal Working Hours” means 9 am to 5 pm on a working day – French time
    “Working days” means Monday to Friday, excluding Bank or other Public Holidays.
    Please note that special terms apply to Consumers, which prevail over the other provisions of these terms and conditions. Customers who are Consumers are referred to Clause 13.

2. Orders
    All contracts of sale made by SAORI shall be deemed to incorporate these terms and conditions, which shall prevail over any other terms from the party (“the Customer”) with whom SAORI is dealing. Cancellation of orders by business-to-business customers is not accepted as many orders are despatched on the same day the order is placed. Cancellation of orders by Consumers will be accepted in accordance with the Consumer Contracts (Information Cancellation and Additional Charges)
    Nothing in these terms and conditions is intended to impinge upon a Consumer`s statutory or contractual rights to reject faulty services.
    All orders are subject to acceptance and to availability of the services ordered: SAORI is entitled to refuse any order placed by you.
    You undertake that:
    (a) all details you provide to us for the purpose of purchasing services or services offered on our website are correct and You, the Customer, accept full liability. Liability for orders placed using a valid user id and password lies with you and not SAORI; and
    (b) the credit or debit card you use to make a purchase from us is your own card or your company`s card, that you are authorised to use it, and there are sufficient funds or credit facilities to cover the cost of any services or services you order from us. We reserve the right to obtain validation of your credit or debit card details before providing you with any services or services.
    (c) where the Customer is purchasing a Microsoft Service Provider Licensing Agreement (SPLA) services or services, the Customer undertakes to provide timely reporting of its prior months’ usage by the 10th day of each month. In the event that there is zero usage to report then the Customer agrees and directs that SAORI shall submit a zero use report on the Customer`s behalf, in respect of its active SPLA agreements, if no report has been received by the 10th day of the month.
    Please note, SAORI may record and/or monitor inbound and outbound calls and electronic traffic for training purposes.
    SAORI`s privacy policy shall apply to orders placed.
    All software is sold subject to the software publisher`s end user licence agreement (EULA), the terms of which the Customer agrees to adhere to.

3. Prices
    Services are invoiced at the price prevailing at time of acceptance of the order. VAT is charged at the rate applicable at the time of invoicing or otherwise in accordance with the law.
    SAORI reserves the right to modify the prices from time to time.
    Any prices quoted by SAORI in local currency may be adjusted by SAORI due to fluctuations in the exchange rate of the Euro.
    All amounts payable hereunder are payable in full and remitted back to SAORI without offset.
    Non European clients can have deduction for taxes (including withholding tax) and custom duties.

4. Delivery, Title and Risk
    SAORI shall use immediate despatch services to the customer, but does not accept liability for failure to deliver within the stated time where this is caused by circumstances beyond our reasonable control, such as delays caused by delivery companies or provider lead times. If a delay is likely, we shall contact the customer and advise of the delay. A customer who is a Consumer shall be entitled to cancel an order when advised of a delay if the revised delivery date is not acceptable.
    In the case of a Business Customer, if SAORI is unable to deliver the services within three days of the agreed delivery date, the Customer will, as its sole remedy, be entitled to cancel the order and require any monies paid to SAORI, in respect of that order, to be refunded. To cancel, the Customer must send written notice of cancellation to SAORI after the above date but before delivery of the services or notification from SAORI that the services are ready for delivery. This Clause does not apply to Consumers.
    In the case of Business Customers, SAORI does not accept liability for shortages or damage to deliveries unless the Customer notifies SAORI of the shortage or damage in writing within 48 hours of receipt of the delivery. Consumers should notify shortages or damage within a reasonable period of becoming aware.
    Business Customers are required to be able to accept the services when they are ready for delivery within Normal Working Hours.
    Delivery is deemed to take place when the services are delivered to the Customer`s nominated address, whereupon the risks of loss, breakage and all damage and all other risks shall pass to the Customer.
    Title in the services does not pass to the Customer until payment is received in full by SAORI.
    If the Customer cannot accept delivery, SAORI may at its option:
    (a) store and insure the services at the Customer`s expense and risk or
    (b) sell the services at the best price reasonably obtainable and (after deducting reasonable storage insurance and selling costs) pay to the Customer any excess over the sale price or charge the Customer for any shortfall or
    (c) re-arrange delivery provided that SAORI may charge the Customer for the additional delivery costs incurred.
    The Customer may request a Proof of Delivery, provided that this request is made in writing within three months of the date of delivery and SAORI shall use reasonable endeavours to provide such proof. Thereafter, delivery shall be deemed to have been successfully completed.
    Upon delivery of the services, the Customer will be asked to sign a Proof of Delivery to acknowledge safe receipt. It is the responsibility of the Customer to ensure that the number of packages delivered corresponds with the number stated on the delivery note. Where a discrepancy occurs or where there is evident damage to the packaging, this should be noted on the Proof of Delivery. SAORI shall not be liable for discrepancies or damage evident on delivery where the Customer accepts delivery and signs the Proof of Delivery without amendment.

5. Payment
    Payment is due on presentation of invoice unless credit terms have been agreed in writing with SAORI. SAORI shall invoice the Customer: on acceptance of the Customer’s order in respect of software; on shipment in respect of hardware; on completion of professional services or monthly in arrears in respect of recurring services unless otherwise agreed in writing and in advance in respect of maintenance and support services.
    If payment is not made on the due date, SAORI will be entitled to charge interest daily on the outstanding balance at the statutory rate and in any event an administration fee to the sum of £50 shall be applied to each overdue invoice.

6. Product specifications
    SAORI makes every effort to supply the services as advertised but reserves the right to supply the services subject to minor variations in actual dimensions and specifications where these are changed by the provider.
    If SAORI cannot supply the services ordered by the Customer, SAORI reserves the right to offer services of equal or superior quality at no extra cost. This shall be the sole remedy of the Customer in these circumstances.
    Due to the current valuation methods of active matrix display panels, a small percentage of sub-pixel anomalies (i.e. a pixel stuck on or off) are accepted by the industry as unavoidable. Accordingly, because the valuation yield of perfect active matrix panels is low, displays may have some sub-pixels that are either always on or off. The cost of accepting only theoretically perfect displays would almost double the price of a portable computer using an LCD screen. Please be aware of this before purchasing a TFT screen. SAORI has to adhere to the provider`s guidelines stipulating that a given number of pixel failures are deemed acceptable before the TFT screen is accepted for replacement on grounds of fault.

7. Warranties and Returns
    SAORI is committed to providing our customers with the highest quality service. However, on rare occasions, services may be found to be faulty or defective.
    If you purchase services in the course of your business, the following provisions of this Clause shall apply. Other than the express provisions set out in these terms and conditions, all other terms and the implied terms or warranties relating to the supply of services are excluded to the fullest extent permitted by law. Services are not tested or sold as being fit for any particular application or for use under specific conditions, unless expressly agreed in writing.
    If you purchase services in the course of your business, the following provisions of this Clause shall apply. SAORI shall use its skill and expertise to carry out any contracted works (the “Service(s)”) to a standard equivalent to that of a competent computer professional, and shall warrant our work as free from defects, for a period of three days after completion. In particular, we cannot be held responsible for any fault or damage not caused by SAORI services’ engineers or its contracted agents. In the event of a claim arising relating to the level of skill and judgement applied in the course of providing Services, SAORI reserves, at its sole discretion, the right to appoint an independent expert in the field to appraise the work carried out in the execution of the Service(s). Additionally, SAORI cannot be held responsible for equipment installed or configured when the equipment has subsequently been altered or configured by persons other than SAORI. Except as set out here, all other express or implied terms or warranties relating to the Services are excluded to the fullest extent permitted by law.

8. SAORI’s liability
In its dealings with Business Customers, SAORI shall, under no circumstances, be liable for any consequential or indirect damage or loss, however caused, including (but not restricted to) loss of business or profits, loss of goodwill, damage to trading relationships, loss of data, and other financial loss. (“Financial loss” in this sense does not refer to the price you have paid for the services, which we may be liable to refund to you, in whole or in part, if the services are faulty or do not comply with their description). SAORI`s liability in respect of all other losses shall be limited to the invoiced amount of the relevant order.

9. Force Majeure
Where, in spite of its reasonable efforts, SAORI is unable to perform an obligation due to circumstances beyond its reasonable control, it shall not be deemed to be in breach of its contract with the Customer.

10. The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013
Contracts for the purchase of services by a Customer not acting in the course of a business (a Consumer) and made through the SAORI website www.sharingvalue.fr are, without exception subject to the Consumer Contracts.

11. Errors and Omissions
SAORI makes every effort to ensure that all prices and descriptions quoted on its website are correct and accurate.

12. Regulations
For all Services sold anywhere, the EU rules shall be applied.

13. Export Restrictions
    Customer shall indemnify SAORI for any claims, losses, costs, liability and charges, including reasonable legal fees incurred by SAORI as a result of Customer`s breach of any export controls or regulations.
    It shall be the Customer`s responsibility to comply with all export and other resale restrictions. Upon request the Customer agrees to reaffirm in writing its compliance and its intentions to comply with applicable export and restricted user and uses regulations.

14. Confidential Information and Data Protection
    Each party shall: preserve the confidentiality of all confidential information of the other which it receives, keep such information secure and protected against theft, damage, loss or unauthorised access, and not use such information for any purpose except as contemplated by the Contract. Moreover, each party shall ensure that such obligations are observed by its employees, officers, agents and contractors. These obligations shall survive the variation, renewal or termination of the Contract for a period of three years but shall not apply to information which is already in or subsequently comes into the public domain through no fault of the recipient.
    Personal data (“Data”) provided by the Customer in the Contract will be processed by each party in accordance with the Data Protection Act 1989 as amended from time to time. Data processing will be accomplished through electronic and non-electronic means, for the purpose of these Conditions. SAORI undertakes in respect of any Data of the Customer processed under these Conditions to maintain such Data under appropriate, commercially reasonable and sufficient technical and organisational security measures to protect such Data or information and both Party warrants to have undertaken all appropriate registrations under relevant EU data protection legislation. SAORI’s privacy policy shall apply to orders placed. A copy of the policy can be found on SAORI’s website.

15. General
    Nothing in these terms and conditions affects your statutory rights as a Consumer.
    If any provision in this Agreement is held to be invalid or unenforceable, it shall be deemed severed from the Agreement and this shall not affect the validity or enforceability of the remaining provisions.
    Any waiver of a breach of this Agreement must be in writing.
    Any variation of this Agreement must be in writing and signed by a duly authorised SAORI official.
    The headings are for convenience only and shall not affect the interpretation of this Agreement.
    Any notices given under this Agreement shall be in writing and sent (a) by first class pre-paid post to the last known address of the party; or (b) by fax to their last known fax number; or (c) by e-mail to the last notified e-mail address of the party.
    These terms and conditions shall be governed by and construed in accordance with the laws of France and the parties submit to the non-exclusive jurisdiction of the French courts.
    SAORI may at its discretion record telephone transactions for staff training and quality control purposes.
 

GCS Terms

Services Terms and Conditions

Definitions

    “Client” means the client to whom SAORI is providing the Services.
    "SAORI" means SAORI SAS, its subsidiaries and any of its subcontractors.
    "Services" means the services which SAORI will perform as described in a Service Description or a signed Statement of Works.
    "Data" means Client data to the extent that it relates to their requirements for Services or is necessary for the proper provision of the Services to the Client.
    "Normal Working Hours" means 9.00 am to 5.30 pm on a Working Day.
    "Working Day" means Monday to Friday, excluding Bank or other Public holidays in France.
    "Statement of Works" means the document agreed by the parties which specifies the Services to be provided and the requirements for their provision.
    "Equipment" means the services sold by SAORI as set out in the Statement of Works or in a Packaged Service Description.
    "Out of Hours" means time outside of Normal Working Hours.
    "Packaged Service" means a standard pre-defined and repeatable service offering which SAORI will perform as described in a Packaged Service Description.

Orders
    All contracts for the provision of Services by SAORI shall be deemed to incorporate these terms and conditions, which shall prevail over any other terms from the Client.
    All orders are subject to acceptance and to availability to provide the Services ordered: SAORI is entitled to refuse any order placed by the Client.
    The Client undertakes that all details it provides to SAORI for the purpose of purchasing Services are correct.

Prices
    Services with VAT, are invoiced at the price as set out in the Statement of Works or quote. The Statement of Works and quote pricing are valid for 30 days only from the date of the Statement of Works or quote, unless otherwise stated therein.
    SAORI reserves the right to modify the prices from time to time for future orders.
    Any estimates made by SAORI for the cost of any Services shall be estimates only. Whenever estimated prices are quoted, SAORI shall use all reasonable efforts to perform the relevant Services at the estimated price but in no event shall such estimates constitute a fixed price or a not-to-exceed price agreement unless stated otherwise in the Statement of Works or quote.
    Any prices quoted by SAORI in a local currency may be adjusted by SAORI due to fluctuations in the Euro exchange rate.
 
Service Performance
    SAORI shall use reasonable endeavours to provide the Services by the date agreed with the Client, but does not accept liability for failure to deliver within the stated time where this is caused by circumstances beyond SAORI`s reasonable control. If a delay is likely, SAORI shall contact the Client and advise of the delay.
    Unless otherwise agreed, the arrival time on site is for a 9.00 am start on the date booked.
    Dates are an estimate and are dependant on the Client complying with its obligations and third parties complying with their obligations.
    It is the responsibility of the Client to ensure that the Services provided correspond with the Statement of Works or Packaged Service Description.
    Upon completion of the Services, Client will be notified of the same. The Services are deemed to be accepted if the Client has not raised any concerns in writing with SAORI within three days thereafter.
 
Software
Any software provided as part of the Services is subject to any accompanying End User License Agreement and the terms thereof. The Client agrees to be bound by the same.
 
Payment
    SAORI shall invoice the Client on the payment dates specified in the Statement of Works or in the Packaged Service Description, if none are specified, SAORI shall invoice the Customer: on acceptance of the Customer`s order in respect of software; on shipment in respect of hardware; on completion of professional services or monthly in arrears in respect of recurring services unless otherwise agreed in writing; and in advance in respect of maintenance and support services. Payment is due on presentation of invoice unless credit terms have been agreed in writing with SAORI.
    The provision of any services outside the scope of the Services as set out in the Statement of Works or Packaged Service Description shall be billed to the Client at the then current SAORI rates for such services.
    Amounts stated do not include taxes. All additional taxes or duties which SAORI shall have to pay or collect in connection with the provision of the Services shall be borne by the Client (except for taxes based on SAORI`s income). VAT will be charged at the rate prevailing at the date of invoice.

Confidentiality
    Both SAORI and the Client acknowledge that they may receive information and material constituting trade secrets concerning the business, finances, systems, services and documentation of the other (“Confidential Information”). Confidential Information shall be limited to information clearly identified as confidential. Both SAORI and the Client agree to protect and preserve the confidentiality of the other`s Confidential Information using the same standard of care as it uses to protect its own Confidential Information of a similar nature, but in no event using a lesser standard than a reasonable standard of care. The parties agree to hold each other`s Confidential Information in confidence while the Services are being performed and for a period of three years thereafter.
    Both SAORI and the Client will only divulge Confidential Information to those employees, sub-contractors and agents who have entered into a binding written agreement to maintain confidentiality and for whom knowledge of the Confidential Information is necessary for the proper performance of their duties.

Intellectual Property
    All service data collected by SAORI (including but not limited to asset data bases, call data and system configuration details) shall belong to SAORI.
    All Intellectual Property rights in the Services provided by SAORI shall belong to SAORI.

Warranties
    SAORI warrants that:-
    (a) it shall use reasonable skill and care to carry out the Services to the generally accepted industry standards and the Services shall be supplied and rendered by appropriately experienced, qualified and trained personnel in a professional and workmanlike manner
    (b) the Services will be free from defects for a period of 30 days after completion. The Client shall report in detail any deficiencies in the Services to SAORI in writing within 3 days of completion of the Services. In the event of a breach of warranty, Client shall allow SAORI the opportunity to correct errors or re-perform the Services so as to comply with the warranties set out in sub clauses (a) and (c).
    (c) the Services, when supplied, shall conform to the description and service level agreements set out in the relevant Statement of Works or Packaged Service Description;
    (d) the provision of the Services and Clients` use thereof shall not infringe any Intellectual Property Rights of any third party. This warranty does not apply insofar as it relates to items of hardware, software or other equipment manufactured by third party OEM`s;
    (e) where the provision of the Services involves the supply or fitting of spare parts, title to such parts shall pass to the Client once the relevant part is fitted and the parts removed shall become the property of SAORI, unless otherwise specified in a Statement of Works or Packaged Service Description;
    SAORI cannot be held responsible for any fault or damage not caused by SAORI. In the event of a claim arising relating to the level of skill and judgement applied in the course of providing Services, SAORI reserves at its sole discretion the right to appoint an independent expert in the field to appraise the work carried out in the execution of the Services. Additionally, SAORI cannot be held responsible for equipment installed or configured when the equipment has subsequently been altered or configured by persons other than SAORI.
    In relation to Equipment, SAORI warrants that SAORI does not sell services on a trial basis. Clients are strongly advised to check suitability and specifications of Equipment before ordering. In some instances, Clients may benefit from special price discounts issued by a provider specifically for their benefit. Such Equipment is not returnable to the provider and may not be sold to other Clients.
    Unless otherwise stated in the provider`s documentation, all Equipment delivered to a FRANCE mainland address carries a provider`s warranty. Clients who wish to make a warranty claim must comply with the provider`s instructions and warranty procedure.
    No software on which seals have been broken can be returned for credit. If any software discs are faulty, the provider will replace them. Please note Software Licences are non-returnable unless the software is materially non-compliant with its specification or the physical media on which it is supplied is defective.
    Except as set out here all warranties and conditions, whether express or implied by statute, common law or otherwise relating to the Services are hereby excluded to the fullest extent permitted by law.
    The Client warrants that it has the authority to provide information and personal data to SAORI and authorises SAORI to handle the Client`s information and personal data and to transfer it to third parties to the extent required to deliver the Services.

Force Majeure
Where, in spite of its reasonable efforts, SAORI is unable to perform an obligation due to circumstances beyond its reasonable control, it shall not be deemed to be in breach of its contract with the Client.

Errors and Omissions
    SAORI makes every effort to ensure that all prices and descriptions quoted are correct and accurate. In the case of a manifest error or omission, SAORI will be entitled to rescind the contract, notwithstanding that it has already accepted the Client`s order and/or received payment from the Client. SAORI`s liability in that event will be limited to the return of any money the Client has paid in respect of the order. In the case of a manifest error in relation to price, the Client will be entitled to purchase the Equipment or Services by paying the difference between the quoted price and the correct price, as confirmed in writing by SAORI after the manifest error has been discovered.
    A `manifest error`, as the term is used in sub-paragraph (1) above, means, in relation to an incorrect price, a price quoted in error by SAORI which is more than 10% less than the price that would have been quoted had the mistake not been made.

Compliance with relevant requirements
    The Client shall:
    (a) comply with all applicable laws, regulations, codes and sanctions relating to anti-bribery and anti-corruption including but not limited to the Bribery Act (Relevant Requirements);
    (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Bribery Act if such activity, practice or conduct had been carried out in the FRANCE;
    (c) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including but not limited to adequate procedures under the Bribery Act, to ensure compliance with the Relevant Requirement, the Relevant Policies and clause (a), and will enforce them where appropriate;
    (d) promptly report to SAORI any request or demand for any undue financial or other advantage of any kind received by the Client in connection with the performance of this agreement;
    (e) immediately notify SAORI if a foreign public official becomes an officer or employee of the Client or acquires a direct or indirect interest in the Client (and the Client warrants that it has no foreign public officials as officers, employees or direct or indirect owners at the date of this agreement);

General
    If any provision in these terms and conditions is held to be invalid or unenforceable, it shall be deemed severed from the terms and conditions and this shall not affect the validity or enforceability of the remaining provisions.
    Any variation of these terms and conditions must be in writing and signed by a duly authorised SAORI official.
    Any notices given under these terms and conditions shall be in writing and sent (a) by first class pre-paid post to the last known address of the party; or (b) by fax to their last known fax number; or (c) by e-mail to the last notified e-mail address of the party.
    These terms and conditions shall be governed by and construed in accordance with the laws of France and the parties submit to the non-exclusive jurisdiction of the French courts.
    SAORI may at its discretion record telephone transactions for staff training and quality control purposes.

 

GDPR (General Data Protection Regulation) 

Here is how S.A.O.R.I SAS sets up the new data protection law (RGPD) which comes into effect on May 25, 2018.   

We invite you to read this e-mail carefully and to take the necessary measures, even if our users are not in the European Economic Area (EEA).   

We offer data retention parameters for companies & projects valued via sharingvalue.fr  that will allow you to determine the data storage duration on our servers.   

We continually strive to provide you with the means to protect your data.You will benefit, for example, from features for privacy settings and data sharing with your interlocutors.
Modification of contractual conditions
The new terms and conditions of the RGPD will supplement your current contract with S.A.O.R.I SAS and come into effect on May 25th, 2018.


sharingvalue.fr users established outside the EEA can review and accept the new data processing conditions in their account (Administration ➝ Account Settings).
If you live in the EEA and you use sharingvalue.fr know that the new conditions of data processing have already been included in your conditions.
If you have not concluded a contract with S.A.O.R.I SAS for the use of our evaluation & valuation solutions, please consult these parts of your future contract.

Yours faithfully !
 

Legal mentions

Under Article 6 of Law No. 2004-575 of 21 June 2004 on confidence in the digital economy, it is clear to users of the site www.SharingValue.fr the identity of the various stakeholders in the context of its realization and its follow-up:

Owner: SAORI - Simplified Joint Stock Company -
                            488, avenue de la Justice de Castelnau

                            34090 MONTPELLIER FRANCE 


Publication Manager: Jacky Ouziel - jacky.ouziel@sharingvalue.fr
Publication Manager is a natural person or a legal person.
Host: OVH - 2 rue Kellermann - 59100 Roubaix - France.
 
General conditions of use of the site and services offered.

The use of the site www.SharingValue.fr implies the full and complete acceptance of the general conditions of use described below.
 

These conditions of use may be modified or supplemented at any time, users of the site www.SharingValue.fr are invited to consult them regularly.Ce site is normally accessible at any time to users. An interruption due to technical maintenance may however be decided by SAORI, who will then endeavor to communicate to users before the dates and times of the intervention.

The site www.SharingValue.fr is updated regularly by Jacky Ouziel.

In the same way, the legal mentions can be modified at any time: they impose nevertheless on the user who is invited to refer to it as often as possible in order to take note of it.

Description of the services provided. The site www.SharingValue.fr aims to provide information on all the activities of the company. SAORI strives to provide the site www.SharingValue.fr as accurate information as possible.

However, he can not be held responsible for omissions, inaccuracies and deficiencies in the update, whether by him or the third party partners who provide this information.

All the information indicated on the site www.SharingValue.fr are given as an indication, and are likely to evolve. Moreover, the information on the site www.SharingValue.fr are not exhaustive. They are given subject to modifications having been made since they went on line.

Contractual limitations on technical data.

The website can not be held responsible for material damage related to the use of the site. In addition, the user of the site agrees to access the site using recent equipment, not containing viruses and with a browser last generation updated.

Intellectual property and counterfeits.

SAORI owns the intellectual property rights or owns the rights to use all the elements available on the site, including text, images, graphics, logos, icons, sounds, software. Any reproduction, representation, modification, publication, adaptation all or part of the elements of the site, whatever the means or the process used, is prohibited, except with the prior written consent of: SAORI.

Any unauthorized use of the site or any of the elements it contains will be considered as constituting an infringement and prosecuted in accordance with the provisions of Articles L.335-2 and following of the Code of Intellectual Property.

Limitations of liability.

SAORI can not be held responsible for direct or indirect damage to the user`s equipment, when accessing the site www.SharingValue.fr, and resulting from the use of equipment that does not meet the specifications indicated in point, either the appearance of a bug or incompatibility.SAORI can also be held responsible for indirect damages (such as a loss of market or loss of opportunity) resulting from the use of the website www.SharingValue.fr.

Interactive spaces (possibility to ask questions in the contact area) are available to users.

SAORI reserves the right to delete, without prior notice, any content posted in this space that would violate the applicable law in France, especially the provisions relating to data protection.

Where applicable, SAORI also reserves the right to question the user`s civil and / or criminal liability, particularly in the event of a racist, abusive, defamatory or pornographic message, regardless of the medium used (text , photography…).

Management of personal data.

In France, personal data are protected in particular by the law n ° 78-87 of January 6th, 1978, the law n ° 2004-801 of August 6th, 2004, the article L. 226-13 of the Penal Code and the European Directive of the October 24, 1995.

On the occasion of the use of the site www.SharingValue.fr, can be collected:

the URL of the links through which the user accessed the site www.SharingValue.fr, the access provider of the user, the Internet Protocol (IP) address of the user.In any condition SAORI collects personal information about the user only for the need of certain services offered by the site www.SharingValue.fr.

The user provides this information with full knowledge of the facts, in particular when he proceeds to input them himself. It is then specified to the user of the site www.SharingValue.fr the obligation or not to provide this information. In accordance with the provisions of articles 38 and following of the law 78-17 of January 6, 1978 relative to the computing, the files and freedoms, any user has a right of access, rectification and opposition to personal data concerning him, by making his written and signed request, accompanied by a copy of the identity document with signature of the holder of the piece, specifying the address to which the answer should be sent.

No personal information of the user of the website www.SharingValue.fr is published without the knowledge of the user, exchanged, transferred, assigned or sold to any support to others.

The databases are protected by the provisions of the Act of 1 July 1998 transposing Directive 96/9 of 11 March 1996 on the legal protection of databases.

Hypertext links and cookies.

The site www.SharingValue.fr contains a number of hypertext links to other sites, set up with the authorization of SAORI. However, SAORI does not have the possibility to check the contents of the sites thus visited, and assumes no responsibility therefore.

The navigation on the site www.SharingValue.fr is likely to cause the installation of cookie (s) on the computer of the user. A cookie is a small file, which does not allow the identification of the user, but which records information relating to the navigation of a computer on a site. The data thus obtained are intended to facilitate subsequent navigation on the site, and are also intended to allow various measures of attendance.

The refusal to install a cookie may make it impossible to access certain services. The user can however configure his computer as follows, to refuse the installation of cookies:

In Internet Explorer: tool tab (pictogram in the form of a cog in the upper right corner) / internet options. Click Privacy and choose Block all cookies. Validate on Ok.

In Firefox: at the top of the browser window, click the Firefox button, then go to the Options tab. Click on the Privacy tab. Set the retention rules to: use custom settings for history. Finally uncheck it to disable cookies.

Under Safari: Click on the top right of the browser on the menu pictogram (symbolized by a cog). Select Settings. Click Show Advanced Settings. In the "Privacy" section, click Content Settings. In the "Cookies" section, you can block cookies.

Under Chrome: Click at the top right of the browser on the menu icon (symbolized by three horizontal lines). Select Settings. Click Show Advanced Settings. In the "Privacy" section, click Preferences. In the "Privacy" tab, you can block cookies.

Applicable law and attribution of jurisdiction. Any dispute in connection with the use of the site www.SharingValue.fr is subject to French law.

It is made exclusive jurisdiction to the competent courts of Paris.

The main laws concerned.Loi n ° 78-87 of January 6, 1978, in particular modified by the law n ° 2004-801 of August 6, 2004 relating to the computing, the files and the liberties. Law n ° 2004-575 of the 21 June 2004 for confidence in the digital economy.11. Glossary.User: Internet user connecting, using the aforementioned site.Personal information: "information that allows, in any form whatsoever, directly or indirectly, the identification of the natural persons to which they apply"

My account.

Who are you ?

Are you a seller / seller?

Are you a Buyer / Buyer / Reseller?

Are you an Entrepreneur willing to open the capital of your company?

You are an investor?

You are Business Council, valuation expert?

Are you a seller?

You want to sell / transmit your company:
How to justify its value?
 
The shareholder of a company wants to get the best possible transaction price. He legitimately wants his efforts to be taken into consideration and rewarded.
 
His efforts are of a variable nature:
They may include the following:
 
- recruitment of staff;
- realization of the turnover;
- provider detection (s);
- creation of brand and products or / and services;
- innovation in a broad sense, etc.
All these elements are taken into account in our software. It relies on the most exhaustive inventory of all the efforts previously made by the transferor (s) in the so-called strategic intangible assets.
In short, Sharing Value makes it possible to transform value into price!
 
You are an entrepreneur willing to open up the ca

By opening the capital of his company, the entrepreneur will increase the credibility of the company vis-à-vis its customers, suppliers and candidates.

 
But on what basis will he proceed?
 
That corresponding to the state of equity often insufficient?
That of turnover in perspective?
That of a multiple of the net result sometimes grazing the equilibrium?
from the DCF (Discounted Cash Flow) very random that professional investors translate by say Tell me What you need?
What percentage will we give? Our software is pragmatically designed by asking identifiable questions in the Business Plan.
The answers provided will be qualified in terms of risks / opportunities but especially quantified in monetary terms.
 
In short, our Sharing Value methodology is intended to encourage the exchange of views between entrepreneur and investor to achieve a fair valuation (fair value) by the stakeholders of the new challenge!
Are you a buyer

After measuring the strengths and constraints of your target, the obsession with the price and value of a business is typically the concern of a buyer.

 
In fact, an acquirer concentrates at first the most of his attention and his energy on the financial aspects and on the best of strategically valuing his target.
Generally, the buyer hesitates to approach the question of the amount of the transaction fearing the reaction of the seller.
Our method allows the buyer and the transferor to treat each other as equals by respecting each other in a specific but constructive context, and this in a common interest to know the durability of the company.
Our software allows everyone to have a tool, a method, a common language, not only to express their point of view by quantifying it through so-called strategic intangible assets.
This rationalizes the approach, the "disaffection" by concretely arguing the various items of the value.
 
In short, we achieve with Sharing Value a fair valuation (at the fair value) especially as our methodology promotes the work of parties in collaborative mode.
Are you an investor?

 Between entrepreneur and investor in start-ups and SMEs (in search of funds), there is sometimes a fear of misunderstanding on valuation while the interests are convergent.

 
After having validated the skills of the team, its Model Business, the market potential, the factors of differentiation, the calendar of the consumption of the cash, etc ... one often approaches in an antagonistic way the part of the value of the company target.
There is generally a certain asymmetry between the parties in terms of the method of valuation: some preferring one or more multiples (Ebit, Ebitda = Operating Income at various stages), others favoring the DCF (Discounted Cash Flow), or even the Free Cash flow.
Our pragmatic and consensual approach favors convergence towards the right price, both when signing agreements and at the periodic monitoring of the value of the company.
 
In short, Sharing Value becomes the reporting and management tool for any portfolio manager for its Board, its Statutory Auditors and shareholders!
 
Business Council, valuation expert

We are experiencing a period of disruption, which is fast, violent and inevitable.   
We are propelled by fertile and hopeful technological progress.
Business organization models, our way of thinking, communicating, working are upset by the inversion of benchmarks.
It is essential for valuation advisors to integrate these new dynamics, these new codes into their analyzes,
in order to improve their expertise services to their corporate clients.
In short, Sharing Value is for you to better guide you in your approach of valuation,
in terms of completeness of about fifty Strategic Intangible Assets with the possibility of integrating their own comments.
Sharing Value synthesizes the perspectives of 25,000 sectors and business segments, measuring risks in 150 countries.
Contact

To contact the owner of the site for all information questions:   
Jacky Ouziel jacky.ouziel@sharingvalue.fr

& for operational questions, contact our webmaster Jérôme ISORÉ info@si2v.com

News

Customer testimonials:

 

Can you quickly introduce Blu.e?

Blu.e is a corporate start-up. We assist industrial groups to minimize their energy and environmental footprint on the planet by leveraging digital innovation and business best practices. We are resolutely focused on operational efficiency. The project had a first life ten years ago, while the 4.0 factory was only at the concept stage. The connection of our industrial systems was only a vision of the mind. The common message was that it was not technically and strategically possible. I thought the opposite. Individually, we live a digital revolution for ten years and the appearance of the smartphone. It's up to us to help the industry participate in this movement. In 2012, I joined the group GDF Suez. Management has embraced my vision that the digital transition will be a key lever for the industrial energy transition. The Blu.e V2 project was born in 2014. 100% of the skills that Blu.e uses today have been sought outside the Engie group, as are most of those that make up the ENGIE Digital entity created 2 years ago and headed by a member of the Comex. Engie has understood that they need the digital and that his future is through his ability to disrupt himself, with technical and human levers they did not necessarily have internally. These new skills bring value to the group.  
Blu.e uses the Sharing Value solution, an intangible asset management software. Can you explain the interest for you in evaluating and valuing the human capital of a company?  I use for 2 years the solution of Sharing value, a software created by Jacky Ouziel, financial expert. It is a very good point of discussion with my shareholder, for several reasons: it allows me to objectively calculate the creation of value of the company, to measure this value over time and to use it as an argument in the moments such as a fundraiser. I am hopeful that this is the reference as a measure of Blu.e.
 
Why is human capital so important in the valuation of a business?  When I started Blu.e, I surrounded myself with four people whose very specialized expertise was complementary to mine and who believed in my project. The four fundraisers that I carried out were made on the basis of the constitution of this team considered as adapted to meet the many challenges that were ahead of us. The constitution of a team is the first chance of success or the first risk of failure of a start-up. This is to say the importance of human capital for the valuation of a company. It is the experience and the training of the employees, the values ??of the company as they make it live which constitutes this human capital. Sharing Value divides this capital into three main areas: internal skills, relationship capital (partners, address book, ability to influence) and organizational capital (part of the Blu.e concept is to provide advice to very high added value by using experts based on data science tools). Our business expertise coupled with artificial intelligence technology gives us a competitive advantage over traditional consulting firms or software vendors without business expertise. This translates into an ability to become a leader in our market that impacts the value of the business.   What appealed to you in Sharing Value?
 One of the ways to value the different intangible components, including human capital, is to rely on the accounting items that reflect the elements of financial measures commonly accepted by everyone (IFRS standards). Sharing Value uses these objective and measurable elements to calculate its value. With this tool, we can determine the valuation of a company from the image of its gray matter capital and see if this valuation is consistent with other companies in the same sector, in each of the lines that the compound. If the shareholder and the entrepreneur agree on the valuation method of the company, the same valuation can be achieved year after year. This can be very interesting in the case of a fundraiser to show that the company, even if it is in deficit, has value through its investment in human capital. I appreciate that the Sharing Value tool proposes to give value to an intangible asset that is often perceived as the expression of a cost. This makes it possible not to focus on expenses and a result often negative for a beginner company. It is an interesting tool for management and management of the company.        Blu.e uses the Sharing Value solution, an intangible asset management software.                                             
Can you explain the interest for you in evaluating and valuing the human capital of a company? I use for 2 years the solution of Sharing value, a software created by Jacky Ouziel, financial expert. It is a very good point of discussion with my shareholder, for several reasons: it allows me to objectively calculate the creation of value of the company, to measure this value over time and to use it as an argument in the moments such as a fundraiser. I am hopeful that this is the reference as a measure of Blu.e. Why is human capital so important in the valuation of a business? When I started Blu.e, I surrounded myself with four people whose very specialized expertise was complementary to mine and who believed in my project. The four fundraisers that I carried out were made on the basis of the constitution of this team considered as adapted to meet the many challenges that were ahead of us. The constitution of a team is the first chance of success or the first risk of failure of a start-up. This is to say the importance of human capital for the valuation of a company. It is the experience and the training of the employees, the values ??of the company as they make it live which constitutes this human capital. Sharing Value divides this capital into three main areas: internal skills, relationship capital (partners, address book, ability to influence) and organizational capital (part of the Blu.e concept is to provide advice to very high added value by using experts based on data science tools). Our business expertise coupled with artificial intelligence technology gives us a competitive advantage over traditional consulting firms or software vendors without business expertise. This translates into an ability to become a leader in our market that impacts the value of the business.
 
What appealed to you in Sharing Value?                                             One of the ways to value the different intangible components, including human capital, is to rely on the accounting items that reflect the elements of financial measures commonly accepted by everyone (IFRS standards). Sharing Value uses these objective and measurable elements to calculate its value. With this tool, we can determine the valuation of a company from the image of its gray matter capital and see if this valuation is consistent with other companies in the same sector, in each of the lines that the compound. If the shareholder and the entrepreneur agree on the valuation method of the company, the same valuation can be achieved year after year. This can be very interesting in the case of a fundraiser to show that the company, even if it is in deficit, has value through its investment in human capital. I appreciate that the Sharing Value tool proposes to give value to an intangible asset that is often perceived as the expression of a cost. This makes it possible not to focus on expenses and a result often negative for a beginner company. It is an interesting tool for management and management of the company.                               Interviewed by Pascale Kroll

 


We are very satisfied to be able to use the Sharing Value method, which represents the benchmark for the valuation of intangible assets, especially for my crowdfunding activity specializing in innovative companies in overseas territories.  All executives and managers of companies can use this software which is simple, fun and practical.  I am sure that its use is synonymous with saving time and money for our society (calling on several experts would be much more expensive).  Sharing Value is really efficient, excellent value for money. You too can use this software!  Daniel LANTIN, CEO.

We are very satisfied with the use of the Sharing Value method, it is the reference in the valuation of intangible assets and it is the one we have chosen for our company.  The use of the software is simple and practical which is important for me. I do not doubt that all leaders will be able to appropriate it quickly.  In the end, Sharing Value proves to be an excellent value for money and I can only advise on its use, for the time saved and efficiency (paying multiple experts would have been very expensive).  Steny SOLITUDE - CEO of Perfect Memory S.A.

Vidéos :

Liens : 

 

S.A.O.R.I

SAORI © SAS owns the Software and SharingValue brand®.


Based in France in Montpellier (34), South of France, the company SAORI was created on January 15th, 2013.

This is a simplified joint stock company SAS, with capital of 53.000,00 euros.
It is Registered in Montpellier under the registration N° 790501829 .
We are specialized in RESEARCH on INTANGIBLE ASSETS.

Code NAF 5829C Software publisher

Registered office 488, avenue de la Justice de Castelnau

 34090 MONTPELLIER France

Legal form joint stock company
SIRET 79050182900010
RCS Montpellier B 790 501 829
Share capital Euro 53.000,00
Registration 15-01-2013
Nationality  French

We market our Software in accordance with CNCEF (National Chamber of Financial Experts & Advisers) which is an evaluation software of companies through their Strategic Immaterial Assets.

We have partnerships with major players such as BPI Euroquity, INPI & the Observatory on Intangibles, the CNCIF (National Chamber of Financial Investment Advisors).

Methods

Valuing a business is a difficult exercise : Balance sheet, Income statement, appendixes provide only a fragmented view of the company.

The wealth of a business far exceeds the sum of its accounting assets.

Intangible capital has long been associated with the hidden wealth of the company, this significant part of its value that we can not really read the financial statements. Since the emergence of this concept in the 90s’, the specialists of the subject sought to apprehend him. One of the pioneers in this field, Jacky Ouziel even created the immetrique system to measure it.

Assuming that the market value reflects the overall wealth of a business, as opposed to the carrying amount that must meet higher standards than economic constraints, attempts were made to bring the value of intangible capital gap between the market value and book value. This so-called subtractive approach.

This method is easier to implement when the company studied is listed and therefore its market value available :

The intangible capital (or Goodwill) = Market value - Value of Equity (Book Value of Equity) .

But the overall value of the intangible assets does not specify the distribution between its various component assets . But it is essential to understand what makes the intangible value of the company. Is it human capital (e.g, a software company)? Is that its R & D through a patent portfolio (e.g, the Pharmaceutical Industry)?

And add that applying this method on a non-listed company, let alone a start-up would be a perilous exercise!

The SharingValue’ method, close to Bercy Thesaurus, opts for the value of intangible capital as the sum of the values calculated for each specific Strategic Immaterial Assets (SIA) that compose it and expressed in €.

This approach value additive called intangible capital regardless of market value and also aims to define, what seems more logical. However, the value creation process uses all active working in synergy. We must find a good method to measure each asset to avoid counting the same thing several times and deduce an abnormally high enterprise value.

This original method combines qualitative approach and financial valuation of intangible capital. It offers a credible valuation system of the company (Start-up & SME) through a realistic measure providing a fairplay value !

The first step is to segment the intangible capital assets needed for more value creation process.

We distinguish ten including :

  - human capital (also called intellectual capital)

  - capital innovation (R & D)

  - intangible assets (Patents, Trademarks, Designs & Models...)

  - organizational capital

   - capital sourcing & customers (called relational capital)

   - partnership capital

   - shareholder capital

   - capital Process (Information System)

   - other intangible assets (databases, software, etc.)

   - Corporate Social Responsibility

   - and the Business Model.

 The SharingValue evaluation based on intangible capital offers a new method that improves those normally used by the evaluators (often limited to the visible part of the iceberg).

It allows parties ( Buyer / Seller & Investors / Entrepreneurs) to dive deep into the process of creating value and having a reference guide to better argue the negotiation and ultimately lead to a fair value for each.




ACCREDITATIONS

SAORI SAS works closely with almost every major investor in a variey of countries worldwide to offer a detailed enterprise valuation service with guidance and support.

SAORI SAS method of valuation is validated, approved, and recommended by major financial organisations in France and other European countries.

You can consult our partners here:

SAORI Terms and Conditions of Trading

1. Definitions
    “Business Customer” means a customer who is not a Consumer.
    “Consumer” means an individual acting for purposes which are wholly or mainly outside that individual`s trade, business, craft or profession.
    “SAORI” means our Company established in France (Fr) Limited, also referred to as "we" or "us" in these Terms and Conditions.
    “Catalogue” refers to the catalogue of the services offered by SAORI Under its Trademark SharingValue (Gold, Silver or Bronze levels).
    “Force Majeure” means any cause affecting the performance by SAORI of its obligations arising from acts, events, omissions, happenings or non-happenings beyond its reasonable control including (but not limited to) governmental regulations or any disaster or industrial dispute affecting a third party.
    “Normal Working Hours” means 9 am to 5 pm on a working day – French time
    “Working days” means Monday to Friday, excluding Bank or other Public Holidays.
    Please note that special terms apply to Consumers, which prevail over the other provisions of these terms and conditions. Customers who are Consumers are referred to Clause 13.

2. Orders
    All contracts of sale made by SAORI shall be deemed to incorporate these terms and conditions, which shall prevail over any other terms from the party (“the Customer”) with whom SAORI is dealing. Cancellation of orders by business-to-business customers is not accepted as many orders are despatched on the same day the order is placed. Cancellation of orders by Consumers will be accepted in accordance with the Consumer Contracts (Information Cancellation and Additional Charges)
    Nothing in these terms and conditions is intended to impinge upon a Consumer`s statutory or contractual rights to reject faulty services.
    All orders are subject to acceptance and to availability of the services ordered: SAORI is entitled to refuse any order placed by you.
    You undertake that:
    (a) all details you provide to us for the purpose of purchasing services or services offered on our website are correct and You, the Customer, accept full liability. Liability for orders placed using a valid user id and password lies with you and not SAORI; and
    (b) the credit or debit card you use to make a purchase from us is your own card or your company`s card, that you are authorised to use it, and there are sufficient funds or credit facilities to cover the cost of any services or services you order from us. We reserve the right to obtain validation of your credit or debit card details before providing you with any services or services.
    (c) where the Customer is purchasing a Microsoft Service Provider Licensing Agreement (SPLA) services or services, the Customer undertakes to provide timely reporting of its prior months’ usage by the 10th day of each month. In the event that there is zero usage to report then the Customer agrees and directs that SAORI shall submit a zero use report on the Customer`s behalf, in respect of its active SPLA agreements, if no report has been received by the 10th day of the month.
    Please note, SAORI may record and/or monitor inbound and outbound calls and electronic traffic for training purposes.
    SAORI`s privacy policy shall apply to orders placed.
    All software is sold subject to the software publisher`s end user licence agreement (EULA), the terms of which the Customer agrees to adhere to.

3. Prices
    Services are invoiced at the price prevailing at time of acceptance of the order. VAT is charged at the rate applicable at the time of invoicing or otherwise in accordance with the law.
    SAORI reserves the right to modify the prices from time to time.
    Any prices quoted by SAORI in local currency may be adjusted by SAORI due to fluctuations in the exchange rate of the Euro.
    All amounts payable hereunder are payable in full and remitted back to SAORI without offset.
    Non European clients can have deduction for taxes (including withholding tax) and custom duties.

4. Delivery, Title and Risk
    SAORI shall use immediate despatch services to the customer, but does not accept liability for failure to deliver within the stated time where this is caused by circumstances beyond our reasonable control, such as delays caused by delivery companies or provider lead times. If a delay is likely, we shall contact the customer and advise of the delay. A customer who is a Consumer shall be entitled to cancel an order when advised of a delay if the revised delivery date is not acceptable.
    In the case of a Business Customer, if SAORI is unable to deliver the services within three days of the agreed delivery date, the Customer will, as its sole remedy, be entitled to cancel the order and require any monies paid to SAORI, in respect of that order, to be refunded. To cancel, the Customer must send written notice of cancellation to SAORI after the above date but before delivery of the services or notification from SAORI that the services are ready for delivery. This Clause does not apply to Consumers.
    In the case of Business Customers, SAORI does not accept liability for shortages or damage to deliveries unless the Customer notifies SAORI of the shortage or damage in writing within 48 hours of receipt of the delivery. Consumers should notify shortages or damage within a reasonable period of becoming aware.
    Business Customers are required to be able to accept the services when they are ready for delivery within Normal Working Hours.
    Delivery is deemed to take place when the services are delivered to the Customer`s nominated address, whereupon the risks of loss, breakage and all damage and all other risks shall pass to the Customer.
    Title in the services does not pass to the Customer until payment is received in full by SAORI.
    If the Customer cannot accept delivery, SAORI may at its option:
    (a) store and insure the services at the Customer`s expense and risk or
    (b) sell the services at the best price reasonably obtainable and (after deducting reasonable storage insurance and selling costs) pay to the Customer any excess over the sale price or charge the Customer for any shortfall or
    (c) re-arrange delivery provided that SAORI may charge the Customer for the additional delivery costs incurred.
    The Customer may request a Proof of Delivery, provided that this request is made in writing within three months of the date of delivery and SAORI shall use reasonable endeavours to provide such proof. Thereafter, delivery shall be deemed to have been successfully completed.
    Upon delivery of the services, the Customer will be asked to sign a Proof of Delivery to acknowledge safe receipt. It is the responsibility of the Customer to ensure that the number of packages delivered corresponds with the number stated on the delivery note. Where a discrepancy occurs or where there is evident damage to the packaging, this should be noted on the Proof of Delivery. SAORI shall not be liable for discrepancies or damage evident on delivery where the Customer accepts delivery and signs the Proof of Delivery without amendment.

5. Payment
    Payment is due on presentation of invoice unless credit terms have been agreed in writing with SAORI. SAORI shall invoice the Customer: on acceptance of the Customer’s order in respect of software; on shipment in respect of hardware; on completion of professional services or monthly in arrears in respect of recurring services unless otherwise agreed in writing and in advance in respect of maintenance and support services.
    If payment is not made on the due date, SAORI will be entitled to charge interest daily on the outstanding balance at the statutory rate and in any event an administration fee to the sum of £50 shall be applied to each overdue invoice.

6. Product specifications
    SAORI makes every effort to supply the services as advertised but reserves the right to supply the services subject to minor variations in actual dimensions and specifications where these are changed by the provider.
    If SAORI cannot supply the services ordered by the Customer, SAORI reserves the right to offer services of equal or superior quality at no extra cost. This shall be the sole remedy of the Customer in these circumstances.
    Due to the current valuation methods of active matrix display panels, a small percentage of sub-pixel anomalies (i.e. a pixel stuck on or off) are accepted by the industry as unavoidable. Accordingly, because the valuation yield of perfect active matrix panels is low, displays may have some sub-pixels that are either always on or off. The cost of accepting only theoretically perfect displays would almost double the price of a portable computer using an LCD screen. Please be aware of this before purchasing a TFT screen. SAORI has to adhere to the provider`s guidelines stipulating that a given number of pixel failures are deemed acceptable before the TFT screen is accepted for replacement on grounds of fault.

7. Warranties and Returns
    SAORI is committed to providing our customers with the highest quality service. However, on rare occasions, services may be found to be faulty or defective.
    If you purchase services in the course of your business, the following provisions of this Clause shall apply. Other than the express provisions set out in these terms and conditions, all other terms and the implied terms or warranties relating to the supply of services are excluded to the fullest extent permitted by law. Services are not tested or sold as being fit for any particular application or for use under specific conditions, unless expressly agreed in writing.
    If you purchase services in the course of your business, the following provisions of this Clause shall apply. SAORI shall use its skill and expertise to carry out any contracted works (the “Service(s)”) to a standard equivalent to that of a competent computer professional, and shall warrant our work as free from defects, for a period of three days after completion. In particular, we cannot be held responsible for any fault or damage not caused by SAORI services’ engineers or its contracted agents. In the event of a claim arising relating to the level of skill and judgement applied in the course of providing Services, SAORI reserves, at its sole discretion, the right to appoint an independent expert in the field to appraise the work carried out in the execution of the Service(s). Additionally, SAORI cannot be held responsible for equipment installed or configured when the equipment has subsequently been altered or configured by persons other than SAORI. Except as set out here, all other express or implied terms or warranties relating to the Services are excluded to the fullest extent permitted by law.

8. SAORI’s liability
In its dealings with Business Customers, SAORI shall, under no circumstances, be liable for any consequential or indirect damage or loss, however caused, including (but not restricted to) loss of business or profits, loss of goodwill, damage to trading relationships, loss of data, and other financial loss. (“Financial loss” in this sense does not refer to the price you have paid for the services, which we may be liable to refund to you, in whole or in part, if the services are faulty or do not comply with their description). SAORI`s liability in respect of all other losses shall be limited to the invoiced amount of the relevant order.

9. Force Majeure
Where, in spite of its reasonable efforts, SAORI is unable to perform an obligation due to circumstances beyond its reasonable control, it shall not be deemed to be in breach of its contract with the Customer.

10. The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013
Contracts for the purchase of services by a Customer not acting in the course of a business (a Consumer) and made through the SAORI website www.sharingvalue.fr are, without exception subject to the Consumer Contracts.

11. Errors and Omissions
SAORI makes every effort to ensure that all prices and descriptions quoted on its website are correct and accurate.

12. Regulations
For all Services sold anywhere, the EU rules shall be applied.

13. Export Restrictions
    Customer shall indemnify SAORI for any claims, losses, costs, liability and charges, including reasonable legal fees incurred by SAORI as a result of Customer`s breach of any export controls or regulations.
    It shall be the Customer`s responsibility to comply with all export and other resale restrictions. Upon request the Customer agrees to reaffirm in writing its compliance and its intentions to comply with applicable export and restricted user and uses regulations.

14. Confidential Information and Data Protection
    Each party shall: preserve the confidentiality of all confidential information of the other which it receives, keep such information secure and protected against theft, damage, loss or unauthorised access, and not use such information for any purpose except as contemplated by the Contract. Moreover, each party shall ensure that such obligations are observed by its employees, officers, agents and contractors. These obligations shall survive the variation, renewal or termination of the Contract for a period of three years but shall not apply to information which is already in or subsequently comes into the public domain through no fault of the recipient.
    Personal data (“Data”) provided by the Customer in the Contract will be processed by each party in accordance with the Data Protection Act 1989 as amended from time to time. Data processing will be accomplished through electronic and non-electronic means, for the purpose of these Conditions. SAORI undertakes in respect of any Data of the Customer processed under these Conditions to maintain such Data under appropriate, commercially reasonable and sufficient technical and organisational security measures to protect such Data or information and both Party warrants to have undertaken all appropriate registrations under relevant EU data protection legislation. SAORI’s privacy policy shall apply to orders placed. A copy of the policy can be found on SAORI’s website.

15. General
    Nothing in these terms and conditions affects your statutory rights as a Consumer.
    If any provision in this Agreement is held to be invalid or unenforceable, it shall be deemed severed from the Agreement and this shall not affect the validity or enforceability of the remaining provisions.
    Any waiver of a breach of this Agreement must be in writing.
    Any variation of this Agreement must be in writing and signed by a duly authorised SAORI official.
    The headings are for convenience only and shall not affect the interpretation of this Agreement.
    Any notices given under this Agreement shall be in writing and sent (a) by first class pre-paid post to the last known address of the party; or (b) by fax to their last known fax number; or (c) by e-mail to the last notified e-mail address of the party.
    These terms and conditions shall be governed by and construed in accordance with the laws of France and the parties submit to the non-exclusive jurisdiction of the French courts.
    SAORI may at its discretion record telephone transactions for staff training and quality control purposes.
 

Services Terms and Conditions

Definitions

    “Client” means the client to whom SAORI is providing the Services.
    "SAORI" means SAORI SAS, its subsidiaries and any of its subcontractors.
    "Services" means the services which SAORI will perform as described in a Service Description or a signed Statement of Works.
    "Data" means Client data to the extent that it relates to their requirements for Services or is necessary for the proper provision of the Services to the Client.
    "Normal Working Hours" means 9.00 am to 5.30 pm on a Working Day.
    "Working Day" means Monday to Friday, excluding Bank or other Public holidays in France.
    "Statement of Works" means the document agreed by the parties which specifies the Services to be provided and the requirements for their provision.
    "Equipment" means the services sold by SAORI as set out in the Statement of Works or in a Packaged Service Description.
    "Out of Hours" means time outside of Normal Working Hours.
    "Packaged Service" means a standard pre-defined and repeatable service offering which SAORI will perform as described in a Packaged Service Description.

Orders
    All contracts for the provision of Services by SAORI shall be deemed to incorporate these terms and conditions, which shall prevail over any other terms from the Client.
    All orders are subject to acceptance and to availability to provide the Services ordered: SAORI is entitled to refuse any order placed by the Client.
    The Client undertakes that all details it provides to SAORI for the purpose of purchasing Services are correct.

Prices
    Services with VAT, are invoiced at the price as set out in the Statement of Works or quote. The Statement of Works and quote pricing are valid for 30 days only from the date of the Statement of Works or quote, unless otherwise stated therein.
    SAORI reserves the right to modify the prices from time to time for future orders.
    Any estimates made by SAORI for the cost of any Services shall be estimates only. Whenever estimated prices are quoted, SAORI shall use all reasonable efforts to perform the relevant Services at the estimated price but in no event shall such estimates constitute a fixed price or a not-to-exceed price agreement unless stated otherwise in the Statement of Works or quote.
    Any prices quoted by SAORI in a local currency may be adjusted by SAORI due to fluctuations in the Euro exchange rate.
 
Service Performance
    SAORI shall use reasonable endeavours to provide the Services by the date agreed with the Client, but does not accept liability for failure to deliver within the stated time where this is caused by circumstances beyond SAORI`s reasonable control. If a delay is likely, SAORI shall contact the Client and advise of the delay.
    Unless otherwise agreed, the arrival time on site is for a 9.00 am start on the date booked.
    Dates are an estimate and are dependant on the Client complying with its obligations and third parties complying with their obligations.
    It is the responsibility of the Client to ensure that the Services provided correspond with the Statement of Works or Packaged Service Description.
    Upon completion of the Services, Client will be notified of the same. The Services are deemed to be accepted if the Client has not raised any concerns in writing with SAORI within three days thereafter.
 
Software
Any software provided as part of the Services is subject to any accompanying End User License Agreement and the terms thereof. The Client agrees to be bound by the same.
 
Payment
    SAORI shall invoice the Client on the payment dates specified in the Statement of Works or in the Packaged Service Description, if none are specified, SAORI shall invoice the Customer: on acceptance of the Customer`s order in respect of software; on shipment in respect of hardware; on completion of professional services or monthly in arrears in respect of recurring services unless otherwise agreed in writing; and in advance in respect of maintenance and support services. Payment is due on presentation of invoice unless credit terms have been agreed in writing with SAORI.
    The provision of any services outside the scope of the Services as set out in the Statement of Works or Packaged Service Description shall be billed to the Client at the then current SAORI rates for such services.
    Amounts stated do not include taxes. All additional taxes or duties which SAORI shall have to pay or collect in connection with the provision of the Services shall be borne by the Client (except for taxes based on SAORI`s income). VAT will be charged at the rate prevailing at the date of invoice.

Confidentiality
    Both SAORI and the Client acknowledge that they may receive information and material constituting trade secrets concerning the business, finances, systems, services and documentation of the other (“Confidential Information”). Confidential Information shall be limited to information clearly identified as confidential. Both SAORI and the Client agree to protect and preserve the confidentiality of the other`s Confidential Information using the same standard of care as it uses to protect its own Confidential Information of a similar nature, but in no event using a lesser standard than a reasonable standard of care. The parties agree to hold each other`s Confidential Information in confidence while the Services are being performed and for a period of three years thereafter.
    Both SAORI and the Client will only divulge Confidential Information to those employees, sub-contractors and agents who have entered into a binding written agreement to maintain confidentiality and for whom knowledge of the Confidential Information is necessary for the proper performance of their duties.

Intellectual Property
    All service data collected by SAORI (including but not limited to asset data bases, call data and system configuration details) shall belong to SAORI.
    All Intellectual Property rights in the Services provided by SAORI shall belong to SAORI.

Warranties
    SAORI warrants that:-
    (a) it shall use reasonable skill and care to carry out the Services to the generally accepted industry standards and the Services shall be supplied and rendered by appropriately experienced, qualified and trained personnel in a professional and workmanlike manner
    (b) the Services will be free from defects for a period of 30 days after completion. The Client shall report in detail any deficiencies in the Services to SAORI in writing within 3 days of completion of the Services. In the event of a breach of warranty, Client shall allow SAORI the opportunity to correct errors or re-perform the Services so as to comply with the warranties set out in sub clauses (a) and (c).
    (c) the Services, when supplied, shall conform to the description and service level agreements set out in the relevant Statement of Works or Packaged Service Description;
    (d) the provision of the Services and Clients` use thereof shall not infringe any Intellectual Property Rights of any third party. This warranty does not apply insofar as it relates to items of hardware, software or other equipment manufactured by third party OEM`s;
    (e) where the provision of the Services involves the supply or fitting of spare parts, title to such parts shall pass to the Client once the relevant part is fitted and the parts removed shall become the property of SAORI, unless otherwise specified in a Statement of Works or Packaged Service Description;
    SAORI cannot be held responsible for any fault or damage not caused by SAORI. In the event of a claim arising relating to the level of skill and judgement applied in the course of providing Services, SAORI reserves at its sole discretion the right to appoint an independent expert in the field to appraise the work carried out in the execution of the Services. Additionally, SAORI cannot be held responsible for equipment installed or configured when the equipment has subsequently been altered or configured by persons other than SAORI.
    In relation to Equipment, SAORI warrants that SAORI does not sell services on a trial basis. Clients are strongly advised to check suitability and specifications of Equipment before ordering. In some instances, Clients may benefit from special price discounts issued by a provider specifically for their benefit. Such Equipment is not returnable to the provider and may not be sold to other Clients.
    Unless otherwise stated in the provider`s documentation, all Equipment delivered to a FRANCE mainland address carries a provider`s warranty. Clients who wish to make a warranty claim must comply with the provider`s instructions and warranty procedure.
    No software on which seals have been broken can be returned for credit. If any software discs are faulty, the provider will replace them. Please note Software Licences are non-returnable unless the software is materially non-compliant with its specification or the physical media on which it is supplied is defective.
    Except as set out here all warranties and conditions, whether express or implied by statute, common law or otherwise relating to the Services are hereby excluded to the fullest extent permitted by law.
    The Client warrants that it has the authority to provide information and personal data to SAORI and authorises SAORI to handle the Client`s information and personal data and to transfer it to third parties to the extent required to deliver the Services.

Force Majeure
Where, in spite of its reasonable efforts, SAORI is unable to perform an obligation due to circumstances beyond its reasonable control, it shall not be deemed to be in breach of its contract with the Client.

Errors and Omissions
    SAORI makes every effort to ensure that all prices and descriptions quoted are correct and accurate. In the case of a manifest error or omission, SAORI will be entitled to rescind the contract, notwithstanding that it has already accepted the Client`s order and/or received payment from the Client. SAORI`s liability in that event will be limited to the return of any money the Client has paid in respect of the order. In the case of a manifest error in relation to price, the Client will be entitled to purchase the Equipment or Services by paying the difference between the quoted price and the correct price, as confirmed in writing by SAORI after the manifest error has been discovered.
    A `manifest error`, as the term is used in sub-paragraph (1) above, means, in relation to an incorrect price, a price quoted in error by SAORI which is more than 10% less than the price that would have been quoted had the mistake not been made.

Compliance with relevant requirements
    The Client shall:
    (a) comply with all applicable laws, regulations, codes and sanctions relating to anti-bribery and anti-corruption including but not limited to the Bribery Act (Relevant Requirements);
    (b) not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Bribery Act if such activity, practice or conduct had been carried out in the FRANCE;
    (c) have and shall maintain in place throughout the term of this agreement its own policies and procedures, including but not limited to adequate procedures under the Bribery Act, to ensure compliance with the Relevant Requirement, the Relevant Policies and clause (a), and will enforce them where appropriate;
    (d) promptly report to SAORI any request or demand for any undue financial or other advantage of any kind received by the Client in connection with the performance of this agreement;
    (e) immediately notify SAORI if a foreign public official becomes an officer or employee of the Client or acquires a direct or indirect interest in the Client (and the Client warrants that it has no foreign public officials as officers, employees or direct or indirect owners at the date of this agreement);

General
    If any provision in these terms and conditions is held to be invalid or unenforceable, it shall be deemed severed from the terms and conditions and this shall not affect the validity or enforceability of the remaining provisions.
    Any variation of these terms and conditions must be in writing and signed by a duly authorised SAORI official.
    Any notices given under these terms and conditions shall be in writing and sent (a) by first class pre-paid post to the last known address of the party; or (b) by fax to their last known fax number; or (c) by e-mail to the last notified e-mail address of the party.
    These terms and conditions shall be governed by and construed in accordance with the laws of France and the parties submit to the non-exclusive jurisdiction of the French courts.
    SAORI may at its discretion record telephone transactions for staff training and quality control purposes.

 

GDPR (General Data Protection Regulation) 

Here is how S.A.O.R.I SAS sets up the new data protection law (RGPD) which comes into effect on May 25, 2018.   

We invite you to read this e-mail carefully and to take the necessary measures, even if our users are not in the European Economic Area (EEA).   

We offer data retention parameters for companies & projects valued via sharingvalue.fr  that will allow you to determine the data storage duration on our servers.   

We continually strive to provide you with the means to protect your data.You will benefit, for example, from features for privacy settings and data sharing with your interlocutors.
Modification of contractual conditions
The new terms and conditions of the RGPD will supplement your current contract with S.A.O.R.I SAS and come into effect on May 25th, 2018.


sharingvalue.fr users established outside the EEA can review and accept the new data processing conditions in their account (Administration ➝ Account Settings).
If you live in the EEA and you use sharingvalue.fr know that the new conditions of data processing have already been included in your conditions.
If you have not concluded a contract with S.A.O.R.I SAS for the use of our evaluation & valuation solutions, please consult these parts of your future contract.

Yours faithfully !