Solidar as voucher.

[Rik8119 242]

Hi everyone, @magius asked me what the legal implication of vouchers are and i found an internetpage that describe the status of Solidar vouchers very well:

http://www.it-recht-kanzlei.de/agb-gutscheine-verkauf.html

in principle it says:

-When an organization issues vouchers there is a difference if they are sold or give aways.

-If they are give aways -like Solidar- the issuer can freely define the how long they are valid.

-In principle vouchers could be a subsidy for money, like the german wikipedia states in his first sentence: https://de.wikipedia.org/wiki/Gutschein

-For digital voucher several questions have to be answered:

    Where can the voucher be redeemed?
- as the WINC e.V. is the issuer we will pay 1€ for 1million Solidar to the owner, if he would like to sell it (This is a quite symbolic value to cover the legal aspect).

    How long can the voucher be redeemed?
- The voucher looses 19-20% Each Year which is tracked by the solidar network.

    Who can redeem the voucher?
-Everyone.

    Is the voucher transferable?
-Yes, it is NOT bound to any person.

    For which products can the voucher be redeemed?
-The voucher can be redeemed for EUR. In special cases also for services that the WINC e.V. offers.

    Can only one voucher per order or can several vouchers be redeemed?
-The maximal amount of vouchers are 20 000 000. It can be owned/cashed out by one person.

    What happens to the remaining credit if the value of the voucher exceeds the value of the purchased goods?
- Solidar voucher are using 8 decimal places, so the remaining vouchers can be kept by the owner for later use.

 

As Marc also stated: In the EU these laws can apply to other countries also. I do not see a reason why they can not apply to other countries as well, but if you know some specialties of other countries, feel free to post here.

Rik

[Rik8119 242]

The principle is taken from the chiemgauer e.V. that has also http://www.chiemgauer.info/

checked the legal implications very precise.

 

P.S. The vouchers issues through mining are also give aways, as merge mining doesn't cost any additional energy.

[magius 32]

Is it possible to have a reference to a specific german law? I didnt found on the german article

[Rik8119 242]

§ 807 BGB : Legally, the voucher is equated with a document (ownership paper according to § 807 BGB) which grants the voucher owner a claim to a service in the amount quantified on the voucher or a claim to a service.

§ 195 BGB: Regular limitation period
The regular period of limitation is three years.

Giveaways can be valid shorter as they are a gift and not bound to the law when it comes to tine validity. There is no entry in the BGB for that. It is rather a rule that has been established in many court decisions.