TERMS OF TOKEN SALE
PLEASE READ THESE TERMS OF TOKEN SALE CAREFULLY. NOTE THAT SECTION 15 CONTAINS A BINDING ARBITRATION CLAUSE AND REPRESENTATIVE ACTION WAIVER, WHICH AFFECT YOUR LEGAL RIGHTS. IF YOU DO NOT AGREE TO THESE TERMS TOKEN SALE, DO NOT PURCHASE TOKENS.
This document acts as an agreed upon Terms of Token Sale (“Terms”) between you (“Purchaser”, “User”, “you”) and URIS FOUNDATION, registered in the Republic of Switzerland with the company number xxxxx and registered office address xxxxxxx (“URIS”, “Company”, “we”, “us”). Each of you and the Company are a “Party”, and together with the “Parties.” You admit these Terms when you purchase URIS’s URI tokens (“URI Tokens”, “Tokens”).
URIS tokens are a natural digital product (digital goods, digital commodities), developed by the Company as a variety of digital tokens, specified by standard Ethereum ERC20 Token Standard (ERC20). The existence of this good maintains by smart contract developed by the Company and Ethereum blockchain developed by third parties. The Purchaser states that he knows all the aspects of such goods. The Company can issue the URI Tokens only once during the token sale period and within limits stipulated by token sale, i.e., no more than 300 000 000 items (including 18 digits displayed to the right of the decimal point). URI Tokens issuance is technically impossible after token sale neither for the Company nor for any other persons including the developers of Ethereum. URI Tokens functions are determined by standard ERC20 and possibilities included into smart contract URI tokens of the Company – this is, for example, receiving and storing, termination (“burning”), transfer to the other user of Ethereum. Some of those mentioned above of others sphere of application of URI Tokens may appear in the course of time – upon an initiative of the Company or without the participation and intention of the Company by blockchain technology. Since the moment of receiving of URI Tokens by the Purchaser into its own for the aim of individual usage, the Company losses the possibility as well as instruments of full influence on URI Tokens – since that moment URI Tokens are considered to be Purchaser’s property, and the deal on the creative and transfer of such property form the Company to the Purchaser is considered to have been paid and legally closed. URI Tokens are proposed for practical usage in the capacity of service fee payment only (“Gas,” “Transactional gas”) in other independent product of the Company – URIS platform and its derivatives (“Platform”). Transactional gas in the capacity of URI Tokens is necessary to the URIS system for making and confirmation of transactions. Separate agreements with URIS users guide usage of Platform, including, but not limited to usage of URI Tokens in Platform. URIS project will be issued in 2018. Company reserves the right to amend any of Platform features announced during the token sale if the ground of such amendments are insuperable and the Company could not prevent them. For example, the reason for such a correction could be legislation amendments, court decisions, amendments into politics of credit organizations and payment systems. So, URI Tokens product is one of the types of permanent tickets (certificates, coupons) for making of specified transactions on Platform in the future. That is why repeated use of one and the same URI Tokens for payment of Gas is not permitted.
And for this reason the Company only registers and cancels (redeems, satisfactions) URI Tokens within a framework of Platform when URI Tokens are used as Gas, i.e. URI cannot be considered as digital assets, virtual currency or something similar. The token sale is the form of pre-order for usage of Platform. Blockchain was determined as a database for the keeping of data about the release of good, its movement and redemption due to the fact of its reliability (permanence guaranteed by decentralizing) and popularity. Purchase of URI Tokens is subject to these Terms.
By purchasing URI Tokens from us, you will be bound by these Terms and all terms incorporated by reference. If you have any questions regarding these Terms, please contact a URI Tokens sales team at [email protected]
You and the Company agree as follows:
- Purchase of URI Tokens. Subject to the Terms of Service and these Terms, the Company agrees to sell to you and you agree to purchase from Company a specific number of URI Tokens at the price listed on tokensale.URIS.io (“Site”) depending on the time of purchase.
- Scope of Terms.
(a) Unless otherwise stated herein, these Terms govern the purchase of URI Tokens from the Company during sale period from October 1, 2018, to January 13, 2019 (“Sale Period”) or until a hard cap as provided in White Paper is reached, whichever is sooner (“Hard Cap”). Any payment received by the Company after the end of the Sale Period will be accepted only if it was originated during the Sale Period. The Company may request to provide evidence of payment from Purchaser. Since URI Tokens are sold for bitcoins, but Hard Cap is determined in USD, a justifiable overrun of Hard Cap is deemed allowable within margin related to exchange rate fluctuations, volatility (thence amount of collected funds should exceed Hard Cap for not less than 1 business day). Such overrun of Hard Cap does not result in the Company obligations to cancel some URI tokens purchase.
(d) During Sale Period URIS can carry out marketing events which includes those when Tokens are provided for free. Such events are intended to the increase of total tokens sales amount during Sale Period. Rules of the events may be published at URIS.io or tokensale.URIS.io, in White Paper or announced to Purchaser by any other means.
(f) Should any conflict between Terms of Token Sale and Terms of Service, Terms of Token Sale shall prevail.
- Purchase Procedure. Purchase procedure will largely depend on the time of transfer of the funds for the purpose of the Token purchase: (a) Purchase of URI Tokens requires a creation of the Account on the Site.
(b) If you transfer the fund for the purpose of purchasing URI Tokens to your Account on or before January 4, 2018, the funds will be treated as a deposit and you would be required to manually complete the purchase due to the additional bonuses available for purchases over certain amounts. If you fail to purchase URI Tokens at the time the bonuses are offered, you would be deemed to purchase URI Tokens at the highest price available at the end of the token sale. The number of purchased URI Tokens shall be determined based on the total amount you used for the purchase of the URI Tokens with applicable bonuses available to you, and/or total amount of your transfer you made for the purpose of purchasing URI Tokens if you fail to make a purchase during the time when bonuses were offered.
(c) If you transfer funds for the purpose of purchasing URI Tokens to your Account on or after January 5, 2019, your funds will be treated as a payment for URI Tokens and bonuses available at the time of payment will apply to your purchase automatically when receipt of your payment is confirmed. The number of purchased URI Tokens shall be determined based on the total amount received by Company for the purpose of purchasing URI Tokens and applicable bonuses available to you at the time of receipt of your payment.
(d) You understand if at the end of token sale the balance of your account is less then sum which is equivalent of cost per one Token those sum is transferred to ownership of Company as its revenue, because refund of such a sum to the Purchaser would mean the losses which are bigger (for Company as well as for the Purchaser) than such sum on Purchaser’s account.
(e) Prior to delivery of URI Tokens, you are required to provide an address of the third party digital wallet (“External Wallet”), where your purchased URI Tokens would be distributed to and complete necessary steps to connect your External Wallet to the Account according to the instructions placed by Company in your Account prior to the distribution of the URI Tokens.
The External Wallet must support the ERC-20 token standard. For any assistance with the setup of the External Wallet, Purchaser shall contact [email protected]
(f) Following the successful purchase, the information about purchased URI Tokens will be reflected within 72 hours in your Account and External Wallet if provided by you inside of your Account. The purchased URI Tokens would be available for withdrawal upon distribution by URIS as set forth in Sections 4 and 5 of these Terms.
- Timeframe of Distribution.
(a) Distributes URI tokens to the Purchaser bought by it from the Purchaser’s account on the Site into External Wallet is initiated by the Company during 10 business days since the end of token sale on any provided grounds of end of token sale: 1) maturing of last stipulated day of public sale of URI tokens; 2) sum of selling of URI tokens is equal to the one stipulated by Hard Cap. 3) operation of the maximum technical limit of URI tokens issuing. 4) on any other ground which was not provided previously. Such distribution of URI tokens does not require a separate application from the Purchaser to the Company. Within 10 business days mentioned above, the Company can still process URI Tokens purchases since payments can be processed with considerable delay. The Company starts to cancel still outstanding income if their total value after the end of token sale has already exceeded 20% of Hard Cap or since the end of token sale has passed more than 10 business days.
(b) In the special context of the good, the transfer of URI tokens to External Wallet provided by the Purchaser in Account on the Site is the event and fact of successful delivery of good to the Purchaser by the Company and considers as confirmation of acceptance of respective quality good in respective volume by the Purchaser from the Company. From that moment the deal on the sale of URI tokens between the Company and the Purchaser is considered to have been closed with the all of characteristics of finality, unconditionality, and irrevocability of this deal, and Parties’ obligations are considered to have been performed in a proper way and fully. This term does not depend on the current condition of URI tokens (whether they are active or inert in accordance with subparagraph d) of this paragraph) or condition of the term of URI tokens receiving (before maturity or on time in accordance with subparagraph a) and e) of this paragraph). URI tokens must be the variety of digital property which
URI tokens only during the token sale and within of certain restrictions (as in regard of the sum as well as in respect of the maximum amount of issued tokens which is regulated by the smart contract of URI tokens). So, purchasing of URI tokens in itself by some of Purchaser even without of transfer of URI tokens into some External Wallet affects irreparably on the commercial activity of the Company, token sale process and profiting from the token sale. Knowing that the Company asks the Purchaser not to buy URI tokens if the Purchaser doubts in worthwhileness in such buying in order for “not take the seat” of other Purchaser, since “amount of seat” is severely restricted and limited.
(d) The Purchaser has the right to submit a request to the Company for early transfer of URI tokens bought by it from its Account on the Site to the External Wallet provided by the Purchaser. The Company has the right to reply to the request for an indefinite amount of time. The first same transaction in the Ethereum blockchain should not occur before November 7, 2017. Such Purchaser request means accelerated phase-out of URI tokens purchase cancellation right as well as cancellation of refund sum paid by the Purchaser for respective URI tokens in accordance with information in the Account on the Site, since all the URI tokens transaction reflected in smart contract and blockchain Ethereum cannot be cancelled, refunded or corrected in some other way.
This is one of the key features of URI tokens as good which known for the Purchaser and with which it agrees and understands. Sending of such request by the Purchaser to the Company among others in order of the Purchaser for early onset of all the events provided by subparagraph b) of this paragraph. The Company has the right to impose restrictions in regard to a minimum purchase of URI Tokens which the Purchaser may receive prematurely in accordance with this paragraph. In such cases URI Tokens will be transferred in External Wallet provided by the Purchaser within the time-limit fixed by the subparagraph a) of this paragraph, despite Purchaser’s requests sent to the Company. These restrictions are related with the expenses in cryptocurrency Ethereum (ETH) for initial issuance of URI Tokens from the smart contract in External Wallet, which the Company bears under rules of Ethereum blockchain (URI Tokens are used).
(e) The Company has the right to deliver URI Tokens in External Wallet provided to the Company by the Purchaser initially in inactivated (blocked) form for the aims of countering of fraud and speculation on URI Tokens, as well as for possibility to correctly finalize all the settlement before the definitive finalization of issue of URI Tokens under smart contract (further inaccessibility of this possibility for the Company). This temporary circumstance does not affect on global properties and only means the impossibility of making further transactions of URI tokens from External Wallet for a certain period of time. The Company one-time activates (unblocks) all the issued URI tokens at a time provided by subparagraph a) of this paragraph. It is stipulated by URI tokens smart contract that URI Tokens can be inactivated (blocked) only at the moment of their initial issue and activation (unblocking) of URI Tokens can be performed only once without the possibility of deactivation (blocking) of activated (unblocked) URI Tokens. Information about current conditions of URI Tokens may be taken from URI tokens smart contract in blockchain Ethereum.
(f) Transactions of URI Tokens into External Wallet provided by the Purchaser are subjected to number URI Tokens priorities system. The more URI Tokens the Purchaser is going to withdraw the more priority is given to such an operation on getting of URI Tokens by such Purchaser among others purchasers in the queue of operations which the Company forms in Ethereum blockchain under Company’s smart contract. Concrete term for getting of URI Tokens into External Wallet which the Purchaser indicated in its Site Account is not regularized. The Company does its best to do this as soon as possible but it depends on possibilities, load and stability of Ethereum blockchain. If there is inaccessibility, failures or crashes of Ethereum blockchain and impossibility of well-timed transferring of URI Tokens in time provided by subparagraph a) of this paragraph, then further interaction with the Purchaser in regard of getting of bought URI Tokens will be carried out by the company under the terms set out in subparagraph c) of this paragraph.
- Receipt of URI Tokens.
(a) On the date of distribution, purchased URI Tokens will be distributed by Company to the External Wallet of the Purchaser if one is provided, or become available for withdrawal in the Account. Failure to provide a correct address of the External Wallet will result in the loss of purchased URI Tokens, which shall be the sole responsibility of the Purchaser. Failure to provide the External Wallet or to complete its set up will delay the withdrawal of the purchased URI Tokens, which shall be a sole responsibility of Purchaser. Purchaser shall be responsible for implementing reasonable measures for securing the External Wallet, vault or another storage mechanism Purchaser decides to use to receive and hold Tokens outside of the Account, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If Purchaser’s private key(s) or other access credentials are lost, Purchaser may lose access to the purchased URI Tokens. Company shall not be responsible for any such losses.
(b) The Purchaser is obliged (and guarantees in full its material obligation) to perform refundment of URI Tokens in favor of the Company which was superfluously or mistakenly obtained in number equal to such superfluously or mistakenly obtained URI Tokens. Such situation may take place to be due to the technical failure of Company’s systems which provide issue and distribution of URI Tokens to their Purchasers. The Purchaser has the right to ask the Company for compensation for commission fee which is charged in Ethereum blockchain because of and after respective refundment of such URI Tokens (given that the fee mentioned above does not exceed average values recommended by Ethereum blockchain at the time of URI Tokens refundment). The Purchaser is obliged to transfer URI Tokens back during 5 calendar days from the day of sending of Company claim on respective refundment (the Company will provide its ETH address for such transfer of URI Tokens) to the Purchaser’s email which is a login for Purchaser’s Site Account. The Purchaser transfers URI Tokens which were superfluously or mistakenly obtained to the Company when they are activated (unblocked) if at the time of receiving of Company’s claim such URI Tokens still are not active (blocked). (c). The Purchaser knows organization and principles of two-factor authentication technology (2FA). The Purchaser bears risks of loss of access to his funds and purchased URI Tokens at the time of turning on of 2FA which the Purchaser turns on in its Site Account. The Company does not compensate to the Purchaser for its material losses resulting from loss of access to its Site Account owing to the operation of 2FA which has been launched by the Purchaser.
- Terms and Conditions of URI Token. Also, the URI Token terms and conditions are as set forth in the White Paper (since it is custom for blockchain community in respect of the sale of goods which are similar to URI Tokens) located at URIS.io, which terms are incorporated hereto by reference.
- Cancellation; Refusal of Purchase Requests.
(a) The purchase of URI Tokens from Company is final upon the distribution of URI Tokens and there will be no refunds or cancellations except as specifically provided in these Terms. However, prior to the distribution of URI Tokens, the purchaser may request a refund by contacting Company at [email protected] In addition, Company reserves the right to cancel any URI Token purchase or refuse any purchase requests at Company’s sole discretion for any reason. In such case, Company will issue a refund in the same form of payments as was made by you and to the same wallet address, bank account, or a third party payment processor where your funds were transferred from. We may deduct the transaction cost from the refund amount if any. At least, this is the cost for payment receiving through CoinPayments.Net (0.5% of the payment amount) the cost for the outgoing transaction from us in the blockchain of a certain cryptocurrency at the moment of sending the funds or $65 for refund in USD + the cost for converting of any other cryptocurrency to BTC (commission and rate) based at CoinPayments.Net tariffs or, on discretion of the Company, re-count of cryptocurrency calculated at the current BTC exchange rate (since Tokens are evaluated and sold on the Site for bitcoins).
(b) On security grounds, the Company has the right to refuse to return payments made by you as the deposit of funds if the payments details of their sending to us are different with the requisites given by you for receipt of the requested refund. The Purchaser shall be solely liable for the risks of losses of its funds in relation with mentioned Company right (for example, in most cases of transferring of funds from exchanges the subsequent return into exchanges addresses leads to loss of funds).
(c) The Company has the right to refuse the Purchaser to cancel the purchase of URI Tokens which have not been transferred to External Wallet provided to the Company by the Purchaser if since the day of the purchase 5 business days have passed or 5 business days remain until the end of tokens sale. This fact is due to public characteristics of token sale, which provide for the Company the possibility of gaining of profit from the issue of URI Tokens in limited value and once for all the time of existing of URI Tokens. The sale of URI Tokens even without their transfer to External Wallet reflect on statistical measures of token sale. In case of delay of cancel of accomplished purchase URI Tokens, the losses of the company may exceed the number of funds refunding by the Purchaser owing to the risk of loss of profit. The Company may not be in time to sale again those URI Tokens which were released on Site after canceling of purchase, till the end of token sale. In this regard, the Purchaser agrees with its obligation to take a final decision about URI Tokens purchase before depositing its fund in the Account on the Site. Due to the same reasons, the Company has the right not to cancel purchases and not to refund after the end of token sale on any ground. The Purchaser is obliged to control its balance and process of token sale in order that time ask for refund unused money (apart from that initially the deposits must be carried out on the ground of irreversible decision on buying of URI Tokens).
(d) The Company returns of payments risks associated with purchasing URI Tokens, holding URI Tokens, and using URI Tokens, as disclosed in the White Paper. In case of questions regarding these risks, you shall contact the sales team at [email protected] BY PURCHASING URI TOKENS, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME THESE RISKS.
- Representations and Warranties. In connection with the purchase of the URI Tokens, you represent to Company the following:
(a) You are aware of the terms and conditions of the URI Tokens and have acquired sufficient information about the URI Tokens to reach an informed and knowledgeable decision to acquire the URI Tokens.
(b) You have sufficient understanding of cryptographic tokens, token storage mechanisms (such as token wallets), and blockchain technology to understand the terms of these Terms and to appreciate the risks and implications of purchasing the URI Tokens.
(c) You understand that the URI Tokens confer only the rights described in the White Paper, and confer no other rights of any form with respect to URIS, including, but not limited to, any ownership, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights.
(d) You shall not purchase URI Tokens for any uses or purposes other than to use URI Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes.
(e) You understand that the URI Tokens are not digital commodity or any other kind of financial instrument and have not been registered under the securities law of Estonia, the Securities Act and securities laws of any state of the United States or the securities laws of any other country, including the securities laws of any jurisdiction in which Purchaser is resident.
(f) You have satisfied yourself as to the full observance of the laws of your jurisdiction in connection with any invitation to purchase the URI Tokens or any use of these Terms, including (i) the legal requirements within its jurisdiction for the purchase of the URI Tokens, (ii) any foreign exchange restrictions applicable to such purchase, and (iii) any governmental or other consents that may need to be obtained.
(g) Your purchase, payment for, and continued beneficial ownership of the URI Tokens will not violate any applicable laws of your jurisdiction.
(h) You shall comply with any applicable tax obligations in all relevant jurisdiction arising from the purchase of URI Tokens.
(i) You understand that websites URIS.io and tokensale.URIS.io, as well as White Paper, can be translated into several languages, but only the information placed in English shall bound the Parties of this Terms. Versions of websites and documents translated into others languages are for informational purposes only.
(j) You understand that you shall be guided by that version of White Paper which is put on website URIS.io at the moments of URI Tokens purchase or later.
(k) If you are purchasing Tokens on behalf of any entity, you are authorized to accept these Terms on such entity’s behalf and that such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity (references to “you” in these Terms refer to you and such entity, jointly).
(l) You understand that URIS cannot comply with the requirements of all the jurisdictions worldwide while doing business. If any provisions of this document break or to transgress or to violate the law to which Purchaser is subjected to, then Purchaser’s jurisdiction law shall prevail. The Purchaser entering into a relationship with URIS shall oblige its jurisdiction law.
(a) To the fullest extent permitted by applicable law, you shall indemnify, defend and hold harmless Company and Company’s respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (“Company Parties”) from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) purchase or use of URI Tokens, (ii) your responsibilities or obligations under these Terms, (iii) your breach of these Terms, or (iv) your violation of any rights of any other person or entity, and (v) your violation of any laws.
(b) Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under Section 10(a). This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Company.
(a) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN WRITING BY COMPANY, (A) THE URI TOKENS ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES AS TO THE URI TOKENS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NONINFRINGEMENT;
(B) COMPANY DOES NOT REPRESENT OR WARRANT THAT THE URI TOKENS ARE RELIABLE, CURRENT OR ERROR-FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE URI TOKENS WILL BE CORRECTED; (C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE URI TOKENS OR THE DELIVERY MECHANISM FOR URI TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
(b) Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this Section may not apply to you.
- Limitation of Liability.
(a) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW: (i) IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES OF ANY KIND (INURIUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, LOSS OF USE OR DATA, OR DAMAGES FOR BUSINESS INTERRUPTION) ARISING OUT OF OR IN ANY WAY RELATED TO THE SALE OR USE OF THE URI TOKENS OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE); AND (ii) IN NO EVENT WILL THE AGGREGATE LIABILITY OF COMPANY AND THE COMPANY PARTIES (JOINTLY), WHETHER IN CONTRACT, WARRANTY, TORT (INURIUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER THEORY, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE THE URI TOKENS, EXCEED THE AMOUNT YOU PAY TO THE COMPANY FOR THE URI TOKENS. (b) THE LIMITATIONS SET FORTH IN SECTION 12(a) WILL NOT LIMIT OR EXCLUDE LIABILITY FOR THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR
RECKLESS MISCONDUCT OF THE COMPANY. (c) Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this Section may not apply to you.
- Release. To the fullest extent permitted by applicable law, you release Company and the Company Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between you and the acts or omissions of third parties. You expressly waive any rights you may have under statute or common law principles that
would otherwise limit the coverage of this release to include only those claims, which you may know or suspect to exist in your favor at the time of agreeing to this release.
- Governing Law. The validity, interpretation, construction, and performance of these Terms, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of Estonia, without giving effect to principles of conflicts of law.
- Dispute Resolution; Arbitration.
PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND URIAIMS WITH COMPANY AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM COMPANY.
(a) Binding Arbitration. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Company (i) waive your and Company’s respective rights to have any and all Disputes arising from or related to this Agreement resolved in a county court, and (ii) waive your and Company’s respective rights to a jury trial. Instead, you and Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
(b) No Class Arbitrations, Class Actions or Representative Actions. Any Dispute arising out of or related to this Agreement is personal to you and Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
(c) Notice; Informal Dispute Resolution. Each Party will notify the other Party in writing of any arbitrable Dispute within 30 days of the date it arises so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to Company shall be sent by email to the support team at [email protected] Notice to you shall be sent to the email address provided by you in your Account. Your notice must include (i) your name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. If you and Company cannot agree on how to resolve the Dispute within 30 days after the date notice is received by the applicable Party, then either you or Company may, as appropriate and in accordance with this Section 15, commence an arbitration proceeding or, to the extent specifically provided for in Section 15(a), file a claim in court. (d) Process. If allowed under the applicable law, any Dispute shall be referred to and finally resolved by arbitration administered by the Arbitration Court of the Estonian Chamber of Commerce and Industry (“ACECCI”) in accordance with the Code of Civil Procedure (“CoCP”) of Estonia for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be Estonia. The Tribunal shall consist of three (3) arbitrator(s). The language of the arbitration shall be English. Otherwise, the jurisdiction for arbitration shall be determined according to the applicable law.
(a) Entire Agreement. These Terms set forth the entire agreement and understanding of the Parties relating to the subject matter herein and supersede all prior or contemporaneous discussions, understandings and agreements, whether oral or written, between them relating to the subject matter hereof.
(b) Amendments. These Terms may be modified by Company at any time for any reason by placing modified Terms on the Site. We will provide notice of any amendment to these Terms by posting any revised terms to the Site and updating the “Last updated” field above accordingly or by any other method we deem appropriate. We are not obligated to provide notice in any other method beyond these. Any change to these Terms will be effective immediately upon such notice and apply to any ongoing or subsequent purchases of URI Tokens.
(c) Binding Agreement. These Terms provide the legally binding terms and conditions for the sale and purchase of the URI Tokens. By purchasing the URI Tokens, you acknowledge its understanding and acceptance. You are bound by the Terms in existence at the time of your purchase of URI Tokens. If you are making a purchase on behalf of the legal entity, you understand and accept these Terms on behalf of that entity (to which refers to “you” shall also apply) and warrant that you are duly authorized to act on behalf of that legal entity.
(d) Successors and Assigns. Except as otherwise provided in these Terms, these Terms and the rights and obligations of the parties hereunder will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. Company may assign any of its rights and obligations under these Terms. No other party to these Terms may assign, whether voluntarily or by operation of law, any of its rights and obligations under these Terms, except with the prior written consent of the Company.
(e) Severability. In the event, any provision of these Terms is found to be invalid, illegal, or unenforceable the remaining provisions of these Terms shall nevertheless be binding upon Company and you with the same effect as though the void and unenforceable part had been severed and deleted.
(f) Headings. The article headings of these Terms are included for the convenience only and shall not affect the construction or interpretation of these Terms.
(g) Approval. You expressly agree with and accept these Terms and all terms incorporated herein by reference by proceeding with the purchase of URI Tokens.
(e) Termination. URIS may terminate this Agreement with any one of you, i.e. to refuse the further service.