1. Welcome to Subsprotocol.com
These Terms of Use ("Terms") govern your
access
to and use of both the Subsprotocol.com website (referred to as "Subsprotocol.com") and
app.subsprotocol.com interface (referred to
as the “Interface") collectively referred to as the "Services." The Services are brought to you by
Subsprotocol
("we," "us," or "our").
Subsprotocol.com
gives the opportunity to anyone to create in a decentralized way their own subscription plan with
any ERC-20 token. Thanks to our self-executing smart contracts deployed on various permissionless public
blockchains,
such as Polygon.
End users can pay on a recurring basis without having to send crypto manually, Subs protocol automatise
the
debit process on the blockchain.
The
Interface, which is hosted on IPFS, is an independent interface providing one of the
available
applications through which users, via their self-custodial wallets, interact with the SubsProtocol.
ARBITRATION NOTICE: THESE TERMS CONTAIN AN
ARBITRATION CLAUSE BELOW. EXCEPT FOR CERTAIN TYPES OF DISPUTES MENTIONED IN THAT ARBITRATION CLAUSE, YOU
AND
WE AGREE THAT ANY DISPUTES RELATING TO THE SERVICES (AS DEFINED BELOW) WILL BE RESOLVED BY MANDATORY
BINDING
ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR
CLASS-WIDE ARBITRATION.
You are
entering
into a binding Agreement.
BY ACCESSING OR USING OUR SERVICES, WHICH
INCLUDE OUR VARIOUS WEBSITES, INCLUDING, WITHOUT LIMITATION, SUBSPROTOCOL.COM AND APP.SUBSPROTOCOL.COM
(AND ANY RESPECTIVE
SUBDOMAINS); APPLICATIONS, AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION,
TEXT,
LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED OR APPEARING THEREON,
WHETHER
ACCESSED THROUGH THE SITE OR OTHERWISE (COLLECTIVELY, THE “SERVICES”), YOU ARE ENTERING INTO A BINDING
AGREEMENT WITH US THAT INCLUDES THESE TERMS, PRIVACY POLICY (FOUND HERE), AND OTHER POLICIES REFERENCED
HEREIN (COLLECTIVELY, THE “AGREEMENT”).
To the extent that there is a conflict between these Terms and any applicable additional
terms, these Terms will control unless expressly stated otherwise. If you don't agree with these
Terms, you may not use the Services and should not visit the Site or otherwise engage with the Services.
Use of the Services
To use the Services, you must legally be
able to
enter into the Agreement. By using the Services, you represent and warrant that you meet the eligibility
requirement. If you do not meet the requirement, you must not access or use the Site or the Services.
We may update
the
Services and the Terms.
We may change or update the Services, the
Agreement, and any part of the Terms at any time, for any reason, at our sole discretion. Once any part
of
the Agreement is updated and in effect, you will be bound by the Terms if you continue to use the
Services.
We may, at any time, and without liability to you, modify or discontinue all or part of the Services
(including access to the Services via any third-party links).
Subsptocol.com is an
informational resource about the Protocol; however, it is not the exclusive or sole source.
All information provided in connection with
your
access and use of the Services is intended for informational purposes only. While we strive to provide
accurate and reliable information, we cannot guarantee the accuracy, completeness, or timeliness of the
information provided. It is possible that the information may be outdated or subject to errors or
omissions.
The codebases of all the versions of the Subs Protocol are maintained on each full network node of the
relevant blockchain. You should not take, or refrain from taking, any action based on any information
contained on Subs Protocol, including, without limitation, the subspro.gitbook.io ("Developer Docs") or
any other
information that we make available at any time, including blog posts, data, articles, links to
third-party
content, discord content, news feeds, tutorials, tweets, and videos. You further acknowledge and agree
that
we will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged
to be
caused by or in connection with the use of or reliance on any such content, goods, or services available
on
or through any such site or resource.
Users retain
full
control over their cryptoassets.
It is important to understand that neither
we
nor any affiliated entity is a party to any transaction on the blockchain networks underlying the Subs
Protocol; we do not have possession, custody or control over any cryptoassets, or any user’s funds. You
understand that when you interact with Subs Protocol, you retain control over your cryptoassets at all
times.
Users use
third-party self-custodial wallets to interact with the Subs Protocol; we have no control or
guarantee
over the wallets.
To interact with the Subs Protocol using the
Interface, you will need to connect and engage with it through your self-custodial wallet. It's
essential to
understand that your self-custodial wallet is provided by a third-party entity and is generally governed
by
separate terms and conditions set by the respective third-party service provider. These terms and
conditions
may involve additional fees, disclaimers, or risk warnings regarding the accuracy and reliance on the
provided information. Reviewing and comprehending the terms and conditions associated with your chosen
self-custodial wallet provider to ensure compliance and to be aware of any applicable charges or risks
is
your sole responsibility.
We are not
intermediaries to the Subs Protocol transactions.
Due to the non-custodial and decentralized
nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have
a
fiduciary relationship or obligation to you regarding any other decisions or activities that you affect
when
using our Services.
We have no
information about all Protocol transactions beyond what is publicly available via the
blockchain.
You acknowledge that we do not have
information
regarding all Subs Protocol transactions beyond what is available or obtainable publicly via the
blockchain.
However, we may collect information regarding the users of the Services in accordance with our Privacy
Policy.
There may be
associated blockchain fees.
Transactions using blockchains may require
the
payment of gas fees, which are essentially network transaction fees paid on every transaction that
occurs on
the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any
services to users or deliver, hold, and/or receive payment for cryptoassets. We do not receive any fees
for
any transactions or the Services.
You
understand
that the Interface is hosted on a decentralized infrastructure for storing and accessing data and
content, IPFS.
The Interface is hosted on the
InterPlanetary
File System ("IPFS"), a decentralized and distributed network protocol allowing for the storage and
retrieval of files in a peer-to-peer manner, utilizing a distributed network of computers rather than
relying on a central server. This means that the Interface's files are not stored in a single location
but
are instead spread across multiple nodes within the IPFS network.
You assume
the
risks of engaging in novel and experimental technology.
Technologies such as smart contracts on
various
blockchains, cryptographic tokens generated by the smart contracts, and other nascent software,
applications, and systems that interact with blockchain-based networks are experimental, speculative,
inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes
to
the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss
of
cryptoassets, their market value, or digital funds. We assume no liability or responsibility for any
such
risks. If you are not comfortable assuming these risks, you should not access or engage in transactions
using blockchain-based technology.
We are not
liable
for any third-party services or links.
We are not responsible for the content or
services of any third-party, including, without limitation, any network or apps like Discord or
MetaMask,
and we make no representations regarding the content or accuracy of any third-party services or
materials.
The use and access of any third-party products or services, including through the Services, are at your
own
risk. Please note that we do not have control over third-party services. Consequently, we cannot
guarantee,
endorse, or recommend such content or services to users of the Interface, nor can we endorse their use
for
any specific purpose.
You agree to
the
automated collection and disbursement of proceeds by smart contracts.
You acknowledge and agree that all
transactions
accessed through the blockchain-based networks will be automatically processed using one or more smart
contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic
processing of all transactions in connection with using the Services. You further acknowledge and agree
that
the applicable smart contract will dictate how the funds of a transaction and ownership of cryptoassets
are
distributed.
You
acknowledge
the risks of using the Services.
You bear sole responsibility for evaluating
the
Services before using them, and all transactions on the blockchain are irreversible, final, and without
refunds. The Services may be disabled, disrupted, or adversely impacted as a result of sophisticated
cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges,
among
other things. We disclaim any ongoing obligation to notify you of all the potential risks of using and
accessing our Services. You agree to accept these risks and agree that you will not seek to hold any
Subs
Labs Indemnified Party responsible for any consequent losses.
You are
solely
responsible for the security of your self-custodial wallet.
You understand and agree that you are solely
responsible for maintaining the security of your self-custodial wallet. You alone are responsible for
securing your private keys. We do not have access to your private keys. Any unauthorized access to your
self-custodial wallet by third parties could result in the loss or theft of any cryptoasset or funds
held in
your account and any associated accounts. You understand and agree that we have no involvement in, and
you
will not hold us responsible for managing and maintaining the security of your self-custodial wallet.
The
private key associated with the self-custodial wallet address from which you transfer cryptoassets or
the
private key associated is the only private key that can control the cryptoassets you transfer into the
smart
contracts.
We reserve the
right to restrict your access from engaging with the Services.
You agree that we have the right to restrict
your access to the Services via any technically available methods if we suspect, in our sole discretion,
that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged
in
fraudulent activity; (c) you have acquired cryptoassets using inappropriate methods, including the use
of
stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced
by
the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations
Security
Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any
applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed
on
the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List
(“Non-SDN Lists), or any other sanctions lists administered by OFAC; (f) you are located, organized, or
resident in a country or territory that is, or whose government is, the subject of sanctions, including
but
not limited to Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria; or (g)
you
have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are
utilizing
the Services for illegal purposes, we reserve the right to take whatever action we deem appropriate.
We do not
guarantee the quality or accessibility of the Services.
As a condition to accessing or using the
Services, you acknowledge, understand, and agree that from time to time, the Services may be
inaccessible or
inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance
procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions
and
temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of
third-party service providers or external partners for any reason.
You acknowledge and agree that you will
access
and use the Services at your own risk. You should not engage in blockchain-based transactions unless it
is
suitable given your circumstances and financial resources. By using the Services, you represent that you
have been, are, and will be solely responsible for conducting your own due diligence into the risks of a
transaction and the underlying smart contracts and cryptoassets.
You are
responsible for your taxes and duties.
Users bear sole responsibility for paying
any
and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority
associated with their use of the Services and/or payable as a result of using and/or exploiting any
cryptoassets and interacting with smart contracts. Blockchain-based transactions are novel, and their
tax
treatment is uncertain.
You acknowledge and agree that Subs Protocol will pucture a service fee during the Regulation process.
This fee is by
default at 2% but it can vary depending on mutliple external factors. Such as Blockchain gaz fees
unexpectadly increassing
over time. But also if we consider an abusif use of our free services.
We grant you a
license to use our Services.
Contingent upon your ongoing compliance with
the
Agreement, we grant you a personal, worldwide, revocable, non-exclusive, and non-assignable license to
use
the software provided to you as part of our Services. The only purpose of this license is to allow you
to
use and enjoy the Services solely as permitted by these Terms.
We own all
rights
in the Services.
We own any and all right, title, and
interest in
and to the Services, including, without limitation, any and all copyrights in and to any content, code,
data, or other materials that you may access or use on or through the Services. Except as expressly set
forth herein, your use of or access to the Services does not grant you any ownership or other rights
therein.
We may use and
share your feedback.
Any comments, bug reports, ideas, or other
feedback that you may provide about our Services, including suggestions about how we might improve our
Services, are entirely voluntary. You agree that we are free to use or not use any feedback that we
receive
from you as we see fit, including copying and sharing such feedback with third parties, without any
obligation to you.
You may only use the Services if you comply
with
this Agreement (including, without limitation, these Terms), applicable third-party policies, and all
applicable laws, rules, regulations, and related guidance. The following conduct is prohibited:
-
Using the Services for, or to
promote or
facilitate, illegal activity (including, without limitation, money laundering, financing
terrorism,
tax evasion, buying or selling illegal drugs, contraband, counterfeit goods, or illegal weapons)
-
Exploiting the Services for any
unauthorized commercial purpose
-
Uploading or transmitting viruses,
worms, Trojan horses, time bombs, cancel bots, spiders, malware, or any other type of malicious
code
that will or may be used in any way that will affect the functionality or operation of the
Services
-
Attempting to or actually copying or
making unauthorized use of all or any portion of the Services, including by attempting to
reverse
compile, reformatting or framing, disassemble, reverse engineer any part of the Services
-
Harvesting or otherwise collecting
information from the Services for any unauthorized purpose
-
Using the Services under false or
fraudulent pretenses or otherwise being deceitful
-
Interfering with other users’ access
to
or use of the Services
-
Interfering with or circumventing
the
security features of the Services or any third party’s systems, networks, or resources used in
the
provision of Services
-
Engaging in any attack, hack,
denial-of-service attack, interference, or exploit of any smart contract in connection with the
use
of the Service (and operations performed by a user that are technically permitted by a smart
contract may nevertheless be a violation of our Agreement, including these Terms, and the law)
-
Engaging in any anticompetitive
behavior
or other misconduct
Violating our
rules may result in our intervention.
You agree and acknowledge that if you use
the
Services to engage in conduct prohibited by applicable law, we permanently reserve the right to
completely
or partially restrict or revoke your access to the Services, either completely or for a period of time,
at
our sole discretion. We reserve the right to amend, rectify, edit, or otherwise alter transaction data
to
remediate or mitigate any damage caused either to us or to any other person as a result of a user’s
violation of this Agreement or applicable law.
We reserve
the
right to investigate violations.
We reserve the right to investigate and
prosecute any suspected breaches of this Agreement, including the Terms. We may disclose any information
as
necessary to satisfy any law, regulation, legal process, or governmental request.
7. Disclaimers and Limitations of Liability
We make no
representations or warranties.
THE SERVICES ARE PROVIDED ON AN “AS IS” AND
“AS
AVAILABLE” BASIS. WE AND OUR PARENTS, SUBSIDIARIES, AFFILIATES, RELATED COMPANIES, OFFICERS, DIRECTORS,
EMPLOYEES, AGENTS, REPRESENTATIVES, PARTNERS, AND LICENSORS (COLLECTIVELY, THE “SUBS PROTOCOL”) MAKE NO
GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES. TO THE MAXIMUM EXTENT PERMITTED
UNDER APPLICABLE LAW, THE SUBS PROTOCOL DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER
EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND
DISCLAIM
ALL RESPONSIBILITY AND LIABILITY FOR:
-
THE SERVICES BEING ACCURATE,
COMPLETE,
CURRENT, RELIABLE, UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. INFORMATION (INCLUDING, WITHOUT
LIMITATION, THE VALUE OR OUTCOME OF ANY TRANSACTION) AVAILABLE THROUGH THE SERVICE IS PROVIDED
FOR
GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON OR USED AS THE SOLE BASIS FOR MAKING
DECISIONS. ANY RELIANCE ON THE SERVICES IS AT YOUR OWN RISK.
-
INJURY OR DAMAGE RESULTING FROM THE
SERVICES. FOR EXAMPLE, YOU EXPRESSLY ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE SERVICES MAY
CONTAIN AUDIO-VISUAL EFFECTS, STROBE LIGHTS, OR OTHER MATERIALS THAT MAY AFFECT YOUR PHYSICAL
SENSES
AND/OR PHYSICAL CONDITION. FURTHER, YOU EXPRESSLY ACKNOWLEDGE THAT THE SUBS PROTOCOL
ARE NOT RESPONSIBLE FOR LOSS OR DAMAGE CAUSED BY ANOTHER USER’S CONDUCT, UNAUTHORIZED
ACTORS, OR ANY UNAUTHORIZED ACCESS TO OR USE OF THE SERVICES.
-
VIRUSES, WORMS, TROJAN HORSES, TIME
BOMBS, CANCEL BOTS, SPIDERS, MALWARE, OR OTHER TYPE OF MALICIOUS CODE THAT MAY BE USED IN ANY
WAY TO
AFFECT THE FUNCTIONALITY OR OPERATION OF THE SERVICES.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN
NO
EVENT SHALL ANY SUBS PROTOCOL BE LIABLE TO YOU FOR ANY LOSS, DAMAGE, OR INJURY OF ANY KIND
INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, CONSEQUENTIAL, OR PUNITIVE LOSSES OR
DAMAGES, OR DAMAGES FOR SYSTEM FAILURE OR MALFUNCTION OR LOSS OF PROFITS, DATA, USE, BUSINESS OR
GOOD-WILL
OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH:
-
THE SERVICES OR YOUR INABILITY TO
USE OR
ACCESS THE SERVICES
-
MISUSE OF THE SERVICES (INCLUDING
WITHOUT LIMITATION, UNAUTHORIZED ACCESS OF THE SERVICES)
-
ANY USER CONDUCT ON THE SERVICES
-
TERMINATION, SUSPENSION OR
RESTRICTION
OF ACCESS TO ANY THE SERVICES
IN ADDITION TO THE FOREGOING, NO
SUBS PROTOCOL SHALL BE LIABLE FOR ANY DAMAGES CAUSED IN WHOLE OR IN PART BY:
-
USER ERROR, SUCH AS FORGOTTEN
PASSWORDS
OR INCORRECTLY CONSTRUCTED SMART CONTRACTS OR OTHER TRANSACTIONS
-
SERVER FAILURE OR DATA LOSS
-
THE MALFUNCTION, UNEXPECTED FUNCTION
OR
UNINTENDED FUNCTION OF THE BLOCKCHAIN, ANY COMPUTER OR CRYPTOASSET NETWORK (INCLUDING ANY WALLET
PROVIDER), INCLUDING WITHOUT LIMITATION LOSSES ASSOCIATED WITH NETWORK FORKS, REPLAY ATTACKS,
DOUBLE-SPEND ATTACKS, SYBIL ATTACKS, 51% ATTACKS, GOVERNANCE DISPUTES, MINING DIFFICULTY,
CHANGES IN
CRYPTOGRAPHY OR CONSENSUS RULES, HACKING, OR CYBERSECURITY BREACHES
-
ANY CHANGE IN VALUE OF ANY
CRYPTOASSET
-
ANY CHANGE IN LAW, REGULATION, OR
POLICY
-
EVENTS OF FORCE MAJEURE
-
ANY THIRD PARTY
THIS LIMITATION OF LIABILITY IS INTENDED TO
APPLY WITHOUT REGARD TO WHETHER OTHER PROVISIONS OF THESE TERMS HAVE BEEN BREACHED OR HAVE PROVEN
INEFFECTIVE. THE LIMITATIONS SET FORTH IN THIS SECTION SHALL APPLY REGARDLESS OF THE FORM OF ACTION,
WHETHER
THE ASSERTED LIABILITY OR DAMAGES ARE BASED ON CONTRACT, INDEMNIFICATION, TORT, STRICT LIABILITY,
STATUTE,
OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT THE SUBS PROTOCOL HAVE BEEN
INFORMED OF THE POSSIBILITY OF ANY SUCH DAMAGE.
IN NO EVENT WILL THE SUBS PROTOCOL'S
CUMULATIVE LIABILITY TO YOU OR ANY OTHER USER, FROM ALL CAUSES OF ACTION AND ALL THEORIES OF
LIABILITY EXCEED ONE THOUSAND U.S. DOLLARS (U.S. $1,000.00).
UNDER NO CIRCUMSTANCES SHALL ANY
SUBS PROTOCOL BE REQUIRED TO DELIVER TO YOU ANY VIRTUAL CURRENCY AS DAMAGES, MAKE SPECIFIC PERFORMANCE,
OR ANY OTHER REMEDY. IF YOU WOULD BASE YOUR CALCULATIONS OF DAMAGES IN ANY WAY ON THE VALUE OF VIRTUAL
CURRENCY, YOU AND WE AGREE THAT THE CALCULATION SHALL BE BASED ON THE LOWEST VALUE OF THE VIRTUAL
CURRENCY
DURING THE PERIOD BETWEEN THE ACCRUAL OF THE CLAIM AND THE AWARD OF DAMAGES.
Some jurisdictions do not allow the
exclusion or
limitation of certain warranties and liabilities provided in this section; accordingly, some of the
above
limitations and disclaimers may not apply to you. To the extent applicable law does not permit Subs
Protocol
to disclaim certain warranties or limit certain liabilities, the extent of
liability and the scope of any such warranties will be as permitted under
applicable law.
8. Indemnification
You agree
to
indemnify, defend, and hold harmless the Subs Protocol from any claim or demand, including
reasonable attorneys’ fees, made by any third party due to or arising out of:(a)Your breach or alleged
breach of the Agreement (including, without limitation, these Terms);(b)Anything you contribute to the
Services;(c)Your misuse of the Services, or any smart contract and/or script related thereto(d)Your
violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or
quasi-governmental authorities;(e)Your violation of the rights of any third party, including any
intellectual property right, publicity, confidentiality, property, or privacy right;(f)Your use of a
third-party product, service, and/or website; or (g) any misrepresentation made by you. We reserve the
right
to assume, at your expense, the exclusive defense and control of any matter subject to indemnification
by
you. You agree to cooperate with our defense of any claim. You will not in any event settle any claim
without our prior written consent.
We reserve the right to assume, at your
expense,
the exclusive defense and control of any matter subject to indemnification by you. You agree to
cooperate
with our defense of any claim. You will not in any event settle any claim without our prior written
consent.
9. Arbitration Agreement and Waiver of Rights,
Including Class Actions
PLEASE READ THIS SECTION CAREFULLY: IT MAY
SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A
JURY
HEAR YOUR CLAIMS. IT CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER.
Agreement to Attempt to Resolve
Disputes Through
Good
Faith Negotiations
Prior to commencing any legal proceeding
against
us of any kind, including an arbitration as set forth below, you and we agree that we will attempt to
resolve any dispute, claim, or controversy between us arising out of or relating to the agreement or the
Services (each, a “Dispute” and, collectively, “Disputes”) by engaging in good faith negotiations. Such
good
faith negotiations require, at a minimum, that the aggrieved party provide a written notice to the other
party specifying the nature and details of the Dispute. The party receiving such notice shall have
thirty
(30) days to respond to the notice. Within sixty (60) days after the aggrieved party sent the initial
notice, the parties shall meet and confer in good faith by videoconference, or by telephone, to try to
resolve the Dispute. If the parties are unable to resolve the Dispute within ninety (90) days after the
aggrieved party sent the initial notice, the parties may agree to mediate their Dispute, or either party
may
submit the Dispute to arbitration as set forth below.
You and we agree that any Dispute that
cannot be
resolved through the procedures set forth above will be resolved through binding arbitration in
accordance
with the International Arbitration Rules of the International Centre for Dispute Resolution. The place
of
arbitration shall be the Cayman Islands. The language of the arbitration shall be English. The
arbitrator(s)
shall have experience adjudicating matters involving Internet technology, software applications,
financial
transactions and, ideally, blockchain technology. The arbitrator’s award of damages must be consistent
with
the terms of the “Limitation of Liability” subsection of these Terms as to the types and amounts of
damages
for which a party may be held liable. The prevailing party will be entitled to an award of their
reasonable
attorney’s fees and costs. Except as may be required by law, neither a party nor its representatives may
disclose the existence, content, or results of any arbitration hereunder without the prior written
consent
of (all/both) parties.
UNLESS YOU TIMELY PROVIDE US WITH AN
ARBITRATION
OPT-OUT NOTICE (AS DEFINED BELOW IN THE SUBSECTION TITLED “YOUR CHOICES”), YOU ACKNOWLEDGE AND AGREE
THAT
YOU AND WE ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS
MEMBER IN
ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING. FURTHER, UNLESS BOTH YOU AND WE OTHERWISE AGREE
IN
WRITING, THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON’S CLAIMS AND MAY NOT OTHERWISE PRESIDE
OVER
ANY FORM OF ANY CLASS OR REPRESENTATIVE PROCEEDING.
By rejecting any changes to these Terms, you
agree that you will arbitrate any Dispute between you and us in accordance with the provisions of this
section as of the date you first accepted these Terms (or accepted any subsequent changes to these
Terms).
10. Waiver of Injunctive or Other Equitable Relief
TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU
AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF OF ANY KIND, SUCH
AS
ANY COURT OR OTHER ACTION THAT MAY INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF THE
SERVICES, OR ANY OTHER WEBSITE, APPLICATION, CONTENT, SUBMISSION, PRODUCT, SERVICE, OR INTELLECTUAL
PROPERTY
OWNED, LICENSED, USED OR CONTROLLED BY ANY SUBS PROTOCOL.
11. Termination; Cancellation
This Agreement is effective unless and until
terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all
access
to the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with
any
term or provision of the Agreement (including without limitation any provision of these Terms), we
reserve
the right to terminate our Agreement with you and deny you access to the Services. We further reserve
the
right to restrict your access to the Services or to stop providing you with all or a part of the
Services at
any time and for no reason, including, without limitation, if we reasonably believe: (a) your use of the
Services exposes us to risk or liability; (b) you are using the Services for unlawful purposes; or (c)
it is
not commercially viable to continue providing you with our Services. All of these are in addition to any
other rights and remedies that may be available to us, whether in equity or at law, all of which we
expressly reserve.
WE RESERVE THE RIGHT TO MODIFY THE SERVICES
AT
ANY TIME, BUT WE HAVE NO OBLIGATION TO UPDATE THE SERVICES. YOU AGREE THAT IT IS YOUR RESPONSIBILITY TO
MONITOR CHANGES TO THE SERVICES THAT MAY AFFECT YOU. YOU AGREE THAT WE MAY REMOVE THE SERVICES AND/OR
ANY
CONTENT THEREON FOR INDEFINITE PERIODS OF TIME OR CANCEL THE SERVICES AT ANY TIME, WITHOUT NOTICE TO
YOU.
12. Severability
If any provision of the Agreement
(including,
without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision
shall
nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable
portion
shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and
enforceability of any other remaining provisions.
12. Severability
If any provision of the Agreement
(including,
without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision
shall
nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable
portion
shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and
enforceability of any other remaining provisions.
13. Assignment
The Agreement (including, without
limitation,
these Terms) may be assigned without your prior consent to any Subs Protocol, or to its
successors in the interest of any business associated with the Services provided by us. You may not
assign
or transfer any rights or obligations under the Agreement without our prior written consent.
14. Entire Agreement
The Agreement (including, without
limitation,
these Terms, and the Privacy Policy) and any policies or operating rules posted by us on the Services
constitute the entire agreement and understanding between you and us and govern your use of the
Services,
superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or
written,
between you and us (including, but not limited to, any prior versions of these Terms). Any failure by us
to
exercise or enforce any right or provision of the Agreement (including, without limitation, these Terms)
shall not constitute a waiver of such right or provision.
15. Governing Law
These Terms and any separate agreements
whereby
we provide you Services shall be governed by and construed in accordance with the laws of the Cayman
Islands.
16. Contact Us