A group dedicated to indie and standalone game development.
"When a project is successfully funded, the creator must complete the project and fulfill each reward. Once a creator has done so, they’ve satisfied their obligation to their backers..... [big list of obligations for backers to fulfill you can read in the link like transparency, refund, can't use the money for other projects]....The creator is solely responsible for fulfilling the promises made in their project. If they’re unable to satisfy the terms of this agreement, they may be subject to legal action by backers."
One potential case law precedent established for crowd funding: Entrepreneur.com
---The Federal Trade Commission is now stepping in the ring in order to protect consumers. In its first case against a crowdfunded project, the agency took legal action against a board game campaign that raised more than $122,000 on Kickstarter.... That's when things took a turn. According the FTC complaint, despite promising backers rewards, including copies of the game and figurines, most never received anything from Chevalier. Nor did they receive a refund. Instead "Chevalier spent most of the money on unrelated personal expenses such as rent, moving himself to Oregon, personal equipment, and licenses for a different project,"
the FTC claim alleges.Chevalier has reached a settlement with the FTC under which he must pay a $111,793 fine, though it has been suspended due to his current financial situation. He is also permanently barred from raising money through crowdfunding.-----
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Original video: Youtube.com