PRIVACY POLICY
Introduction
Park Lop LLC (“Park Lop”, “we”, “us”, or “our”) is committed to protecting your privacy. We comply with the data protection laws of the Republic of Armenia (including the Law on Protection of Personal Data) and the European Union’s General Data Protection Regulation (GDPR). This Privacy Policy explains how we collect, use, share, and protect your personal data when you use our website or services. It also outlines your rights regarding your personal information and how you can exercise those rights. By using our website, you agree to the collection and use of information in accordance with this Privacy Policy.
Personal Data We Collect
We only collect personal data that is necessary for the purposes described in this Privacy Policy. The main types of personal information we collect include:
- Name: Your first and last name.
- Email Address: Your email for account registration, communication, and updates.
- Location: Your location information (such as city and country) which you may provide to us or which may be inferred from your use of our services.
In addition to the above, we may collect any other personal information you choose to provide (for example, through contact forms or profile information). We also collect certain technical data through cookies and similar technologies, as described in the Cookies & Tracking section below.
Purpose of Data Collection
Park Lop LLC collects and uses your personal data for the following purposes:
- Account Creation and Service Delivery: To create your user account, manage your registration, and provide you with the services or information you request.
- Analytics and Improvements: To analyze how our website and services are used so we can improve functionality and user experience. This includes tracking website performance and user behavior on an aggregated level.
- Marketing and Updates: To send you newsletters, promotions, or marketing communications about our services or new features, but only if you have consented to receive such communications. You can opt out of marketing emails at any time by using the unsubscribe link provided in those emails or contacting us.
We will not use your personal data for purposes that are incompatible with those listed above without obtaining your additional consent.
Legal Basis for Processing
Our legal basis for collecting and processing your personal data is your consent. By entering and using our website or services, you give Park Lop LLC your consent to collect and process the personal information that you share, as described in this Privacy Policy. In some cases, processing may also be necessary for us to perform a contract with you (for example, when creating and managing your user account) or to comply with a legal obligation. Where we rely on consent, you have the right to withdraw your consent at any time, though this will not affect the lawfulness of processing based on consent before its withdrawal.
Data Sharing
We do not sell or rent your personal information. However, we may share your personal data with the following parties, strictly for the purposes described in this Privacy Policy and in compliance with applicable laws:
- Service Providers: We share information with trusted third-party service providers who perform services on our behalf. These include, for example, website hosting providers, analytics services, email delivery services, or other IT service providers. They only receive the information necessary to perform those services and are contractually obligated to protect your data and use it only for our specified purposes.
- Employees and Internal Personnel: Authorized employees and personnel of Park Lop LLC may access personal data only on a need-to-know basis, to operate and support our services (for example, customer support or technical teams). All employees are bound by confidentiality and data protection obligations.
- Business Transfers or Legal Requirements: In the event of a potential business transaction (such as a merger, acquisition, or asset sale), personal data may be disclosed to the parties involved under appropriate confidentiality measures. Additionally, we may disclose personal information if required to do so by law or in response to valid legal requests (e.g., court orders, law enforcement inquiries), or to protect our rights, property, or the safety of our users and the public.
Whenever we share data with third parties, we ensure they have appropriate data protection and security measures in place to safeguard your personal information.
Data Storage & Security
Your personal data is stored on our local servers under Park Lop LLC’s control. We implement appropriate technical and organizational security measures to protect your personal information from unauthorized access, disclosure, alteration, or destruction. These security measures include, but are not limited to:
- Encryption: We use encryption protocols to protect data transmitted between your device and our website. Sensitive information stored in our databases is encrypted or hashed whenever possible.
- Access Controls: We restrict access to personal data to authorized personnel only. We use password protection, two-factor authentication, and role-based access controls to prevent unauthorized access to our systems and data.
- Network Security: Our servers are protected by firewalls and monitoring systems to guard against external attacks or intrusions. We also keep our software and infrastructure updated with the latest security patches.
- Organizational Measures: Our staff are trained on data protection best practices, and we have internal policies in place to handle personal data safely. We conduct periodic reviews of our security practices to ensure ongoing protection.
While we strive to use commercially acceptable means to protect your personal information, no method of transmission over the internet or method of electronic storage is 100% secure. Therefore, we cannot guarantee absolute security. However, we continuously update and improve our security measures to keep your data safe.
User Rights
You have specific rights regarding your personal data. Park Lop LLC is committed to upholding these rights for all users. You have the following rights:
- Right of Access: You have the right to request confirmation of whether we are processing your personal data, and if so, to access that data. Upon request, we will provide you with a copy of your personal data undergoing processing, free of charge (unless your requests are manifestly unfounded or excessive).
- Right to Rectification: You have the right to ask us to correct or update any inaccurate or incomplete personal data we hold about you. We will promptly make the necessary corrections upon your request.
- Right to Erasure: You have the right to request the deletion of your personal data in certain circumstances (commonly known as the “right to be forgotten”). For example, you can request erasure if the data is no longer needed for the purposes for which it was collected, if you withdraw consent and no other legal basis for processing exists, or if your data was processed unlawfully. Please note that we may need to retain certain information if required by law or for legitimate business purposes.
- Right to Restrict Processing:You can ask us to restrict or pause the processing of your personal data under specific conditions — for instance, while we verify the accuracy of your data after you have contested it, or if you object to our processing and we are determining whether our grounds override yours. When processing is restricted, your data will only be stored by us and not otherwise processed until the restriction is lifted.
- Right to Object: You have the right to object to our processing of your personal data when such processing is based on our legitimate interests or is done for direct marketing purposes. If you object to processing for direct marketing, we will stop processing your data for those marketing purposes immediately. If you object on other grounds (e.g., processing based on legitimate interest), we will stop the processing unless we have compelling legitimate grounds to continue or if it is needed for legal claims.
- Right to Data Portability: You have the right to receive your personal data that you have provided to us, in a structured, commonly used, and machine-readable format, and the right to transmit that data to another controller where technically feasible. This right applies when our processing is based on your consent or on a contract with you, and the processing is carried out by automated means.
- Right to Withdraw Consent: Where we rely on your consent to process personal data, you have the right to withdraw that consent at any time. Withdrawing consent will not affect the lawfulness of any processing we conducted prior to your withdrawal. If you withdraw consent, we will stop processing the data you had previously consented to, unless we have another legal basis to continue processing (such as a legal obligation or a compelling legitimate interest).
- Right to Complaint: If you believe that our handling of your personal data infringes applicable data protection laws, you have the right to lodge a complaint with a supervisory authority. We would, however, appreciate the chance to address your concerns directly before you approach a regulator, so we encourage you to contact us with any privacy-related complaints or questions.
To exercise any of these rights, please contact us at info@parklop.info. We will respond to your request as soon as possible, and within the timeframes required by law (generally within one month). Please note that we may need to verify your identity before fulfilling certain requests, to ensure the security of your data.
Cookies & Tracking
Like many websites, Park Lop LLC uses cookies and similar tracking technologies to provide and improve our services. Cookies are small text files placed on your device (computer, tablet, or smartphone) when you visit our website. We use cookies for several reasons:
- Essential Cookies: These cookies are necessary for the website to function properly. They enable core features such as user login, account navigation, and security. Without these cookies, certain services you request (like staying logged in) cannot be provided.
- Analytics Cookies: We use analytics or performance cookies (for example, through a third-party analytics service) to collect information about how visitors use our website. This data is aggregated and anonymized, and it helps us understand traffic patterns, popular pages, and user behavior. By analyzing this information, we can improve our website’s functionality and performance.
- Preference Cookies: These cookies remember your preferences and settings (such as language or region selection) to provide a more personalized experience.
- Marketing Cookies: If we run advertising or promotional campaigns, marketing cookies may be used to track the effectiveness of those campaigns or to deliver relevant advertisements to you. We will only use marketing cookies if you have given consent, as required by law.
When you first visit our site, we will inform you about our use of cookies (for example, via a cookie banner or notice). By continuing to use our site after being notified of cookies, you consent to our use of cookies as described in this Privacy Policy. You can manage or disable cookies at any time through your browser settings. Please note that disabling certain cookies (especially essential cookies) may affect the functionality of our website.
In addition to cookies, we may use other tracking technologies like web beacons or pixel tags in our email communications or on our site. These help us track whether you have opened our emails or interacted with certain content on our site. This information is used for analytics purposes and to tailor our communications and offerings to you.
For more detailed information about our cookie usage or to change your cookie preferences, please contact us.
Data Retention
We retain personal data only for as long as it is necessary to fulfill the purposes described in this Privacy Policy, and to the extent permitted or required by law.
The specific retention periods can vary depending on the type of data and the purposes of processing. For example, if you create an account with us, we will retain your account information for as long as your account is active or as needed to provide you with services. If you have given consent for marketing communications, we will retain your contact information until you opt out or withdraw that consent.
After the applicable retention period or upon your request to delete your data, we will either securely delete your personal information or anonymize it (so that it can no longer be associated with you). In some cases, we may retain certain information for an additional period if necessary to comply with legal obligations (such as record-keeping requirements), resolve disputes, or enforce our agreements.
We regularly review the data we hold, and when personal data is no longer needed, we ensure it is disposed of or anonymized in a secure manner.
Investor-Specific Clause
This Privacy Policy also applies to investors who provide personal information to Park Lop LLC. If you are an investor and you share personal data with us (for example, your identification information such as a passport or national ID details, contact information, and any other personal details required for our investor relations or compliance processes), that data will be handled in accordance with the principles and practices described in this Privacy Policy.
Specifically, we will use investor personal information only for legitimate business purposes, such as verifying identity, complying with regulatory requirements (including anti-money laundering and know-your-customer obligations), and managing the investment relationship. We will not disclose investor information to anyone except as necessary for the above purposes — for instance, to service providers assisting us with investor administration or to regulators if legally required — and always under obligations of confidentiality and security.
Investors enjoy the same data protection rights outlined in the User Rights section of this Privacy Policy (to the extent applicable), and we extend the same levels of security and care to investor data as we do to any other personal data we process.
Contact Information
If you have any questions, concerns, or requests regarding this Privacy Policy or your personal data, please do not hesitate to contact us. We are here to help and address any privacy-related issues you may have.
You can reach us by email at info@parklop.info.
Alternatively, you may send correspondence to our business address or contact us through any customer service channels provided on our website.
Park Lop LLC will respond to your inquiries as promptly as possible and within any applicable legal deadlines.
Last Updated: March [—], 2025. This Privacy Policy may be updated from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. We will post any updates on this page and indicate the date of the latest revision. We encourage you to review this Privacy Policy periodically to stay informed about how we are protecting your information.