T & C's
1. Definitions
Artwork: Refers to the drawing and the graphic content owned by the Seller and accredited by the Seller or another third party to the Purchaser under this Contract.
Contract: Refers to these T&Cs.
Seller: Refers to the person (legal or private entity) that initiates a process of implementation of an Artwork
Platform: Refers to Example.com as defined in the Legal Notice above, and all content and services accessible from the Example.com domain, its linked domain and subdomains.
Accreditor: A third party in a partnership with Platform that implements a function of approving artworks legitimacy and origin.
Parties: Refers to the Purchaser, the Platform, Seller and accreditor (optionally seperate), where “Party” refers to one of them.
Purchaser: Refers to any person who subscribes to the NFTs’ Sale or auction on the Platform.
Terms and Conditions (“T&Cs”): Refers to this contract, which constitutes a legally binding agreement between the Purchaser and the Company, governing the purchase of NFTs in the context of the Sale.
NFTs: Refers to the non-fungible tokens issued by the Platform which represents Artwork based on the Example.com.
Sale or Auction: Refers to the issuance of NFTs by the Platform.
You: Refers to you as the current Purchaser of the Sale and Party of these Terms and Conditions.
2. Acceptance
Acceptance. By participating in the Sale, you accept and agree to these Terms and Conditions without any condition or restriction.
If you do not agree to this Contract, You shall not participate in the Sale made by the Platform.
Capacity. You confirm that you have the legal capacity to receive and hold and make use of the NFT under any relevant jurisdiction.
3. Purpose
These Terms and Conditions are related to the sale of NFTs by the Platform Example.com. It solely governs the contractual relationship between You and the Platform regarding the Sale and any related contract.
4. The Sale
The Platform offers NFTs listed on Example.com. The holders of one or more NFTs will be able to re-list them for a sale.
To release the NFTs and fund the project, the Platform offers NFTs whose origin is traditional or analog- from physical world. The NFT acquisition does not confer any rights on the Company or in the future development.
Price. The NFT’s price is determined at the moment of your purchase. You expressly agree that the price is subject to changes.
By participating in the purchase of NFT, the Purchaser confirms that he/she is in compliance with the regulations of his/her country For further information on the Sale, please consult the Platform or contact us
NFT's Artwork. The Platform agrees to use its best efforts to compensate Purchasers for any use of the Artwork of their NFT on any medium, including for marketing purposes.
5. Warnings
Participating in the Sale is a risky operation, and therefore it is only aimed at experienced Purchasers who are used to blockchain technology and NFTs.
By accepting this Contract, you acknowledge (i) having the necessary knowledge and understanding of the blockchain technology and the NFTs, and (ii) understand the risks associated with blockchain-based software systems and NFTs as described hereof and in the current Contract.
Economic risks. You understand that the purchase of NFTs can be affected by economic risks, including but not limited to partial or total loss of value.
Technological risks. You understand that the NFTs’ purchase can be affected by technological risks, including but not limited to security error or failure allowing and/or resulting in hacking and stealing of Purchaser and/or Platform data; stealing or loss of the Purchaser external wallet private key or his access to the Website; risks associated with blockchains protocol and lack of transparency in NFTs industry and marketplace.
Legal risks. You understand that the NFTs’purchase can be affected by legal risks, including but not limited to the lack of regulation and the subsequent lack of any guarantees associated with NFTs sale and exchange services; the risk of being legally prohibited or restricted in your country; any amendment of the applicable legislation, regulations, opinions, decisions, injunctions, that may impact the existence, lawfulness, or status of NFTs, the Project or the Sale.
Risks related to the Platform. You understand that the Platform can be affected by threats, including but not limited to total or partial economic and/or technical failure of the Platform, including but not limited because of its early stage of development; a change in the development strategy of the Platform or the modification of the properties attached to the NFTs.
Unforeseen risks. You acknowledge and agree that there are significant other risks that the Platform cannot anticipate since NFTs are new and untested.
The Platform and its legal binders will not be held responsible for any damage related to the risks mentioned above. By accepting this Contract, You acknowledge having read and understood the warnings.
6. Purchaser’s obligations
By accepting the current Contract, You undertake to:
- comply with the present Contract;
- act in good faith and not misuse the NFTs;
- provide solely accurate information to the Company and notify any change or update;
- use NFTs in compliance with law or applicable laws to your jurisdiction.
To the fullest extent permitted by applicable law, You undertake to indemnify, defend and hold harmless the Platform and its legal binders from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to (i) your Subscription or use of the NFTs; (ii) your responsibilities or obligations under this Contract; and (iii) your breach of this Contract.
You may not infringe the reputation of the Platform and its legal binders or any of its interests.
7. Platforms and its legal binders liability
Platform and its legal binders undertakes to act with the care normally expected from a professional in his field and to comply with the best practice in force. The best endeavor obligation only binds the Platform.
Limitation. Subject to any applicable contrary law, you may only incur the Platform's liability if you prove that (i) the Platform and its legal binders acted wrongfully and intentionally and (ii) exclusively if this behavior caused you a specific, personal and direct damage.
Exclusion. Subject to any applicable contrary law, the Platform and its legal binders should not be liable for any direct or indirect damage resulting from:
- any name assigned by a Purchaser to any of the NFTs he owes, in particular if such name infringes the rights of a third party, is defamatory, abusive, obscene, offensive, violent or encourage violence;
- the failure, non-performance or non-implementation of the NFTs and/or the Project;
- the partial or total loss of the value of NFTs;
- any breach of this Contract by the Purchaser or a third party controlled by the Purchaser;
- loss of control for any reason whatsoever (loss, hacking, technical failure, etc.) of the Purchaser’s login credentials;
- temporary or permanent suspension of the Project, for any reason whatsoever, including due to a request from the public authorities, judicial authority or any third party;
- any failure of the computer and software used by the Purchaser;
- any damage that occurred beyond the control of Platform: internet network, failure specific to the Purchaser’s equipment, etc.;
- any risk described in the present Contract.
Force Majeure Event. The Company shall not be liable for its failure to perform any of its obligations to Purchaser hereunder, during any period in which such performance is delayed by circumstances beyond its reasonable control ("Force Majeure Event"). Force majeure refers to the notion of Article 1218 of the French Civil Code and interpretation given by the French courts. The Parties expressly agree that a failure of a blockchain protocol or technology (e.g., a wallet) will be considered as a Force majeure Event. If a Force Majeure Event occurs, the Platform shall notify the Purchaser as soon as possible of such an event preventing the normal execution of the Sale.
8. Amendment or Update
At its sole discretion and without prior notice, the Platform may amend, change, update or add to the current Terms and Conditions.
In this event, you will receive a notification and have the right (i) to accept the update or (ii) to stop participating on the Sale. If you continue to participate, you are deemed to have accepted the amendment.
9. IP Rights
The Company owns and retains all intellectual property rights, interests, and titles to the full extent and without limitation on the Platform, the NFTs and all elements.
You acknowledge without limitation that all intellectual property rights mentioned on the Platform are the sole property of their respective owners. References to any product, platform, third-party service do not constitute recommendations or endorsements from the Company regarding them.
10. Privacy
10.1 Personal data
Information which directly or indirectly identifies Purchasers ("Personal data") is processed by Example.com in connection with the participation on the Sale, including by means of cookies. To this end, the Platform has implemented and maintained physical and technical measures that reasonably and appropriately protect the confidentiality, integrity, security and availability of the Purchaser’ Personal Data.
By participating in the Sale and accepting the present Contract, the Purchaser agrees and authorizes the Platform to share, if and when necessary, the Personal Data with any trusted third party (which may be located in a non-EU jurisdiction but providing an equivalent level of protection across the European Union) for the sole purposes of the Sale. Besides, the Purchaser acknowledges that the Company may be required to provide the Covered Data to any regulatory bodies or administrative authorities if required by law.
Pursuant to the GDPR, the Purchaser shall be entitled to request access to, rectification, erasure of his own personal data, or restriction of processing concerning the Purchaser or to object to processing. As far as technically possible, the Platform will enable the Purchaser to exercise his rights. To do so, the Purchaser shall notify in writing his request to the Platform, with a copy of its signed ID document.
10.2 Cookies
During the consultation of the Platform, cookies may be registered on your electronic devices to make the Platform use easier and to collect statistics relating to attendance and access.
Cookies are text files that the Platform records on the terminal in order to store various technical data to facilitate the Platform use and to collect statistical information about its Purchasers.
Purchasers are informed beforehand of the store on their terminal information. Purchasers are free to accept or refuse the storage of cookies. Continuing to navigate on the Platform after having been informed means that the Purchaser accepts the data collection.
11. Right of withdrawal
Express waiver and agreement. By purchasing Company's NFTs, You accept that You will not have any right of withdrawal or cancellation right of the NFTs' purchase, without any restriction or condition.
According to the Article L. 221-28, 1° of the French Consumer Code, the right of withdrawal is excluded for "the supply of services fully performed before the end of the withdrawal period and whose performance has begun after the consumer's prior express agreement and express waiver of his right of withdrawal".
12. Non-Waivers
Any failure of the Platform to exercise or enforce any right of these Terms and Conditions will not constitute a waiver or a limit of such right.
To waive any of its rights, the Platform shall solely (i) expressly and (ii) in writing waive its right.
13. Entire agreement
These Terms and Conditions constitute the complete and exclusive understanding and agreement the Platform and its legal binders has with you regarding the Sale. They shall supersede any prior agreements, including in the event of a conflict.
14. Contact
If You have any questions regarding this Contract, please contact the Platform at the following address info@example.com or visit the “Contact us” section on the Platform.
15. Language
This Contract may be written in other languages. In the event of a dispute, only the English version shall prevail.
16. Applicable law and jurisdiction
Applicable law. Unless otherwise required by law, this Contract and any contractual relationship arising from the Sale are governed by Latvian law solely.
Amicable settlement. In a dispute, the Purchaser agrees to seek an amicable settlement before any legal action. The Purchaser undertakes to inform the Platform and its legal binders at the following address: info@example.com. He shall specify its contact details and provide any information allowing us to appreciate the origin and the implications of the dispute.
Dispute. No legal action may be brought against the Platform and its legal binders without prior formal notice by registered letter acknowledging receipt (“LRAR”).
Competent jurisdiction. Unless otherwise required by law and failing to reach an amicable solution to the dispute, the Parties irrevocably consent that the competent courts of the Riga Court of Appeal (Latvia), shall have exclusive jurisdiction to resolve any dispute which may arise in connection with this Contract.