1. ABOUT US
We are Heni Studio LLC (collectively referred to as "Heni" "we" "our" or "us"), a limited liability company formed under the laws of the State of Delaware. Our registered office is at 251 Little Falls Drive, Wilmington, DE 19808, United States.
You can contact us at [email protected]
2. OUR WEBSITE AND THESE TERMS
Damien Hirst is releasing his ‘Generative Spin’ collection of artworks which are available for sale at https://heni.com/editions (“Website”). Buyers can use a generative algorithm to choose from a series of different colors, styles and shapes and can then generate a digital artwork based on their choices (“Digital Artwork”). Buyers have the option to either buy a physical print of the Digital Artwork (“Print”) or a non-fungible token which is associated with that Digital Artwork (“NFT”) or both a Print and an NFT. Each NFT will be generated through smart contracts and will be recorded on the Palm blockchain.
The collection will be available for sale during a fixed time period only and as such, the number of Prints and NFTs ordered will determine the final size of the edition.
This Terms of Service is a binding agreement that governs your purchase of the NFTs offered through the Website, your use of the software and services provided in connection with such NFTs, and any additional offerings that may be made available by us in connection with such NFTs (collectively, the "Service").
If you purchase a Print, the terms at https://heni.com/editions/terms apply to such purchase.
CHECK RESTRICTIONS ON PURCHASE: In some countries, and for certain people or entities, there may be restrictions on the purchase of NFTs under applicable export control and sanctions laws and regulations or restrictions on the use of our Service, and therefore the use of our Service may be limited or restricted. See clause 12 for details.
3. HOW TO BUY NFTS
Wallets
3.1. In order to purchase an NFT through our Website, you will need to install a browser extension called MetaMask. MetaMask is a non-custodial digital wallet and service provider that allows you to purchase, store and engage in transactions using cryptocurrency. Before you apply to purchase an NFT as described below, we will ask you to download MetaMask and to connect and unlock your electronic wallet through your account with MetaMask. You will not be able to purchase an NFT from us without completing this process.
3.2. If you lose access to your MetaMask digital wallet (for example, you lose the physical device on which your wallet is stored and/or the password or seed phase that is required to restore the wallet) then you will not be able to access your NFT.
3.3. You may be required to provide certain identification information and documents, including to complete 'Know Your Client' ("KYC") checks before you can complete your purchase of an NFT. We will notify you by email with instructions related to our KYC process, if applicable. The KYC checks will be carried out by a third-party provider on our behalf and you agree to accept their terms and conditions in order to complete the checks. Such terms and conditions shall govern in the event of a conflict with this Terms of Service. If you are notified by us that you are required to complete our KYC process, you may not complete your purchase of an NFT until the KYC process is complete. Failure to complete the KYC check in the time we specify or failure to pass the KYC check may result in the rejection or cancellation of your purchase, even if we had previously informed you it had been accepted.
3.4. In addition to the initial KYC checks, we may also require you to provide additional information and/or documents at any time, including, but not limited to, the source of funds used for your purchase if we determine we are required to do so (i) in order to comply with any applicable law or regulation (including those laws related to anti-money laundering) and/or (ii) at the request of any competent authority. If additional information and/or documents are required, we may, in our sole discretion, suspend or cancel your transaction until such additional information and/or documents are reviewed by us and accepted as satisfying the requirements of the applicable law. Failure to provide such additional information and/or documents in the time we specify may result in the rejection or cancellation of your purchase, even if we had previously informed you it had been accepted. We may also determine that the contents of such additional information and/or documents require us to reject or cancel your purchase.
3.5. You acknowledge and agree that you are acting on your own behalf, and not as a broker, agent, employee or contractor of any other party. You acknowledge and agree that the funds to be used for the purchase of an NFT do not originate from a person subject to financial sanctions or constitute or represent any person's benefit from criminal conduct and that at least one of the following statements is an accurate representation as to the source of these funds: (i) the source is your own personal income derived from employment, property or asset sales, investments or profit distributions from a business; (ii) the source is a gift or a loan; or (iii) the source is inheritance.
3.6. By initiating the purchase of an NFT, you agree that you are submitting a binding offer to purchase the NFT from us. Your order is accepted and confirmed once the purchase is complete and we notify you that the purchase is complete. You acknowledge that your purchase of the NFT cannot be refunded.
3.7. Once your purchase is complete you will receive the NFT through your MetaMask wallet within the time period notified to you when we confirm your order.
3.8. Title to the NFT passes to you once your purchase is complete.
4. SECONDARY MARKETPLACES AND THIRD-PARTY SITES
4.1. You are permitted to sell, trade, or distribute your NFT on any secondary marketplaces, platforms or exchanges operated by third parties that support NFTs ("Secondary Marketplaces"). Note that the NFTs purchased via our Service may not be compatible with all Secondary Marketplaces, and we make no guarantee about the availability or functionality of any Secondary Marketplace. Any Secondary Marketplace on which you sell, trade, or distribute your NFT must include terms of use that limit the acquiror's rights in the NFT in a manner that is consistent with clauses 6.8 and 6.9.
4.2. Our Website may include links to other websites or platforms including Secondary Marketplaces (collectively, "Third-Party Sites"). For example, we may include a link to a Secondary Marketplace on which we believe you can trade your NFT. When you click such link, we may not warn you that you have left our Service and are subject to the terms and conditions and privacy policies of a Third-Party Site. You agree that your use of any Third-Party Site is at your own risk even if we provide links to them from our Website. You may need to comply with any terms and conditions governing the use of such Third-Party Sites and you should review all applicable terms and conditions, and should make whatever investigation you feel necessary or appropriate before proceeding with any transaction on any Third-Party Site.
4.3. References or links to any Third-Party Site are provided for your convenience and information only. Such links should not be interpreted as endorsements by us of the Third-Party Sites. We have no control over the contents of those Third-Party Sites and disclaim any liability, and accept no responsibility, for the content of any Third-Party Site referred to or accessed through our Service. The fact that we have listed a Secondary Marketplace on our Website is not a guarantee or endorsement that such Secondary Marketplace will support an NFT purchased via our Service or allow all possible transactions with such NFT.
4.4. You acknowledge and agree that we are not a party to any agreement or transaction where you trade on any Secondary Marketplace an NFT which was initially purchased via our Service, whether or not a commission or fee is received by us as a consequence of the transaction. We are not liable for any loss incurred by you for fees or other amounts not received by you or from any amounts payable by you in connection with any transaction that takes place on Secondary Marketplaces or on any other Third-Party Sites.
4.5. The NFTs purchased via our Service implement Ethereum Improvement Proposal 2981 (EIP-2981) which would allow Secondary Marketplaces to obtain information about the payment of a royalty requested by us for secondary sales. The information can be read from the smart contract. If a Secondary Marketplace chooses to implement the information, the royalty shall be payable on all transactions of the NFT on that Secondary Marketplace. The royalty shall be shared between us and Damien Hirst.
5. LINKS TO OUR WEBSITE
5.1. In connection with the sale of an NFT, you may link to our Website, provided you do so in a way that is fair, not misleading in any way, legal, and does not damage our reputation or take advantage of it. You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists. You must not establish a link to our Website on any website that is not owned by you and you must not frame our Website on any other website. We reserve the right to withdraw the foregoing linking permission without notice.
6. INTELLECTUAL PROPERTY RIGHTS
Our Service
6.1. We are the owner or the licensee of, or have a valid right to use, all intellectual property rights in the Service and in the images, photographs, illustrations and other content created by us or for us or featured in connection with our Service (including the look and feel, design and graphics of our Website). All such rights are reserved to us. Except as permitted by law, you must not reproduce, distribute, transmit, disseminate, create derivate works of, perform, display or otherwise use in any way any material (or part thereof) on our Website or obtained via our Service other than the Digital Artwork associated with your NFT that you may acquire.
6.2. If your use of the Service breaches this Terms of Service, your right to use our Service will cease immediately and you must, at our option, return or destroy any copies or other infringing material so created.
NFT and Associated Digital Artwork
6.3. You acknowledge that your purchase of an NFT means you have ownership rights solely in the NFT itself, including the right to store, sell and transfer your NFT. You acknowledge that notwithstanding your use of the algorithm to generate the Digital Artwork associated with your NFT, Damien Hirst is the sole author and owner of the copyright in the Digital Artwork and your purchase of an NFT does not provide any rights, express or implied (including, without limitation, any copyright or other intellectual property), in and to the Digital Artwork, other than the right to copy and display the Digital Artwork for your own personal, non-commercial use and as set forth in clause 6.8 and 6.9.
6.4. Notwithstanding clause 6.3, in consideration of the right to use the generative algorithm, you:
6.4.1. assign to Damien Hirst with full title guarantee the following rights throughout the world: (i) the entire copyright and all other rights in the nature of copyright subsisting in the Digital Artwork; and (ii) all other rights in the Digital Artwork of whatever nature, whether now known or created in the future, to which you are now, or at any time after the date of this assignment may be, entitled by virtue of the laws in force in the State of New York and in any other part of the world; in each case for the whole term including any renewals, reversions, revivals and extensions and together with all related rights and powers arising or accrued, including the right to bring, make, oppose, defend, appeal proceedings, claims or actions and obtain relief (and to retain any damages recovered) in respect of any infringement, or any other cause of action arising from ownership, of any of these assigned rights, whether occurring before, on, or after the date of this assignment;
6.4.2. waive absolutely any moral rights that you have in and to the use of the Digital Artwork; and
6.4.3. shall execute such documents and perform such acts as may be required for the purpose of giving full effect to this assignment.
6.5. We are not responsible or liable if the Digital Artwork associated with your NFT becomes inaccessible to you for any reason, or for any modifications or changes to the Digital Artwork that someone other than us may make, including the deletion of the Digital Artwork.
6.6. You acknowledge that Digital Artworks can be copied and distributed and that we cannot guarantee that there will be not be multiple copies of a Digital Artwork associated with your NFT. However, we will not sell more than one NFT associated with a particular Digital Artwork.
6.7. You acknowledge that we or Damien Hirst could make additional copies of, and distribute, the Digital Artwork and could sell or otherwise assign the copyright or other intellectual property rights or economic rights in the Digital Artwork.
Licence to Digital Artwork
6.8. You have the right to display and share the Digital Artwork associated with your NFT: (i) for the purpose of sharing the Digital Artwork on Secondary Marketplaces in connection with the sale, transfer, or trade of your NFT and (ii) for the purpose of sharing your purchase or ownership of your NFT on social media and digital platforms.
6.9. Whilst you are permitted to sell, transfer or trade the NFT, you do not have the right to use the Digital Artwork associated with your NFT for commercial purposes including, without limitation, to do any of the following for commercial purposes: (i) reproduce the Digital Artwork or make or sell copies of it; (ii) modify the Digital Artwork or create derivate works of it; (iii) incorporate the Digital Artwork in any other work or forms of media; (iv) mint, tokenize or create an additional cryptographic token, including a non-fungible token, representing or associated with the Digital Artwork; or (v) otherwise exploit the Digital Artwork for commercial purposes.
6.10. Upon your sale or transfer of the NFT or if your ownership of the NFT is relinquished for any other reason, your rights and interest in the NFT and Digital Artwork associated with it immediately and automatically terminate.
7. PRICE AND PAYMENT
Smart contracts and gas fees
7.1. Transacting on the Palm blockchain, including the purchase and transfer of NFTs, may require the payment by you of a transaction fee ("Gas Fee") on the Palm blockchain. The amount of the Gas Fee will vary and is determined by the manner of operation of the Palm Blockchain. Gas Fees are paid to miners on the Palm blockchain as a reward for validating transactions and adding them to the blockchain. We do not receive any portion of them, nor do we have any control over the amount of the Gas Fee you may be required to pay when you make a transaction on the Palm blockchain. You acknowledge and agree that: (a) you are responsible to pay the Gas Fee regardless of the amount, (b) that the Gas Fee is not payable to us nor is it refundable under any circumstances, and (c) the price of each NFT is exclusive of the Gas Fees that you may need to pay.
7.2. You may be able to choose the amount of the Gas Fees to pay but the lower the fee, the longer it may take for the transaction to be confirmed. We suggest using your wallet's recommended Gas Fees. We do not have any control over the timeframe for confirmation of your transaction.
Purchase price and charges
7.3. All prices and charges payable to us are shown in United States Dollars ("USD"). If you pay in a fiat currency other than USD, the actual amount to be paid in your chosen currency will be determined by the exchange rate used by your bank or credit card company when you are actually charged. We are not responsible for any exchange rate fees charged by your bank or credit card company, and such amounts are not charged by or received by us.
7.4. The purchase price of the NFT will be the price indicated on the Website. Any taxes on your purchase are your responsibility.
7.5. If you choose to pay in cryptocurrency, please refer to clause 8 below.
8. PAYMENT METHODS
8.1. Payment for the NFTs may be made by any of the methods specified in this Terms of Service or on our Website.
Cryptocurrency payments
8.2. We accept payments in cryptocurrencies. The cryptocurrencies we accept will be displayed on the Website. All cryptocurrency transactions will be handled through a payment gateway used by us and with which you will deal directly. Only cryptocurrency payments we specify as approved will be credited towards an NFT purchase. If you choose to pay with Ether or USDC, you must pay on the Ethereum blockchain and not Palm. Payments on the Palm blockchain are not supported.
8.3. Before you can pay with cryptocurrency, you will need to ensure your wallet has a sufficient amount of cryptocurrency. When you get to the payment option screen you will be presented with the various ways you can pay. If you choose to pay using cryptocurrency then you will be taken to the payment page of the payment gateway which allows you to select the applicable cryptocurrencies. The purchase price of the NFT in USD will be converted into the current value of the applicable cryptocurrency at the time your transaction is processed, pursuant to a source determined by us at our sole discretion.
How much cryptocurrency is required
8.4. You must send the exact amount of cryptocurrency specified by us. If you send less or more than that amount, we will issue a refund of the full amount you send, and you will need to repeat the checkout process. We cannot guarantee that the NFT purchase price will be the same for any repeat payment because the cryptocurrency conversion rate may have changed.
How soon must the payment be made
8.5. Once you choose to pay with cryptocurrency, you must send it within the timeframe displayed by the payment gateway. If you do not send it within this timeframe, the conversion rate may have changed and will need to be refreshed in order to complete the payment.
Confirmation of transactions
8.6. When you make a transaction using cryptocurrency, your transaction will not be recorded on the blockchain until it has been included in a block on the blockchain, at which point the blockchain has one confirmation. Each new block added to the blockchain is another confirmation for your transaction. A specific number of block confirmations is required in order to consider a transaction final. The number of block confirmations required to consider a transaction final will vary depending on the applicable cryptocurrency. We require 6 confirmations for Bitcoin and 35 confirmations for Ether and USDC.
8.7. The required number of block confirmations must be processed within 5 days from the date on which you make the transaction. We have no control over this, and a failure of your payment to be finalized means you may need to pay again, using the then-current cryptocurrency conversion rate.
Transactions sent to the incorrect wallet address
8.8. You must send the cryptocurrency to the address that we provide to you. Since transactions are irreversible on the blockchain, if you make a mistake and your cryptocurrency is sent to the incorrect address, you will lose the cryptocurrency and the order cannot be accepted. It is your responsibility to make sure that you send the cryptocurrency to the correct address. We are not liable for any failure by you to send the cryptocurrency to the correct address we provide to you.
Conversion rates for refunds
8.9. We reserve the right in exceptional circumstances not to accept payment for an NFT and to issue a refund. If we have not accepted your payment, and we issue a refund, and you paid in fiat currency, you will be refunded using USD. If you paid in cryptocurrency, your refund will be using USD as the base currency for the purchase price, converted into the applicable cryptocurrency at the current rate at the time we issue the refund (and not at the time when we confirm that a refund will be issued).
8.10. This ensures that the equivalent USD amount you pay at the time of purchase is also returned to you in cryptocurrency. In order to protect both you and us from fluctuations in the cryptocurrency rate, we do not refund at the cryptocurrency rate that existed at the time of purchase. This could mean that you receive more or less cryptocurrency than the amount you paid at the time of the transaction. However, the USD value will still be the same.
9. COMPLAINTS
9.1. If you have any questions or complaints about the Service please email us at [email protected].
10. BLOCKCHAIN AND SMART CONTRACTS – RISK OF USE
10.1. Transactions that are made through the Service utilise experimental technology, including cryptographic systems such as smart contracts, blockchain, non-fungible tokens, cryptocurrencies, the Interplanetary file system ("IPFS") and decentralized or peer-to-peer networks and systems. You acknowledge and agree that you understand and accept that all such technology is experimental, that there are inherent risks associated with its use, and that we are not liable or responsible for any resultant errors, failures, risks, or vulnerabilities.
10.2. The Service, Palm blockchain and NFTs could be impacted by regulatory actions, legislation or proposed legislation or policies which could limit or restrict your ability to access the Service, the Palm blockchain, your NFT or the Digital Artwork associated with it, your ability to transfer your NFT, or your ability to access or display the Digital Artwork. You acknowledge and agree that you that understand this risk.
10.3. You acknowledge and agree that we are not liable or responsible for any error, failures, risks, or vulnerabilities arising out of the use of the Service, smart contracts, blockchain, NFTs, cryptocurrencies, IPFS and associated networks and systems (including, but not limited to your ability to access the Service, your NFT or the Digital Artwork associated with it, your ability to transfer your NFT, or your ability to access or display the Digital Artwork).
10.4. You acknowledge and agree that we are not liable or responsible for errors or failures caused by you, such as forgotten passwords or mistyped addresses.
10.5. The purchase of NFTs that take place through the Service are executed by one or more smart contracts on the Palm blockchain. Smart contracts may be subject to malfunctions, errors, including programming errors, hacking and theft, or changes to the protocol rules of the Palm blockchain which can adversely affect the smart contracts and may expose you to a variety of risks of loss, including the risk of loss of your NFT or cryptocurrency or loss of opportunity to buy an NFT. You acknowledge and agree that you that understand this risk.
10.6. You acknowledge and agree that once the smart contract has been executed in connection with the purchase of an NFT, it cannot be reversed and therefore there are no refunds.
10.7. The Service and the Palm blockchain may experience cyber-attacks and unauthorized third-party activities (including, but not limited to, the use of viruses, phishing, sybil attacks, mining attacks, 51% attacks, and brute forcing), unexpected surges in activity, or other operational or technical difficulties (including weaknesses in our own security) and malfunctions that may cause interruptions to or delays with the Service. You acknowledge and agree that we are not liable for any of the foregoing or any other attacks, or for any damage, losses or interruptions caused by any viruses that may affect your computer or other equipment, or your wallet. You further acknowledge and agree that such attacks may impact your ability to access the Service, your NFT or the Digital Artwork associated with it, your ability to transfer your NFT, or your ability to access or display the Digital Artwork.
10.8. You acknowledge and agree that transacting with non-fungible tokens may expose you to certain regulatory risks, including those relating to the tax treatment of non-fungible tokens or cryptocurrencies, and whether non-fungible tokens might be deemed securities or another regulated class of assets.
10.9. We do not own or control the Palm blockchain, MetaMask, or any other Third-Party Site or service that you might access, visit, or use for the purpose of enabling you to use the Service. You acknowledge and agree that we will not be liable for the acts or omissions of any such third parties or third-party services, nor will we be liable for any loss or damage that you may suffer as a result of your transactions or any other interaction with any such third parties or third-party services.
10.10. You acknowledge that you have a sufficient understanding of the functionality, usage, storage, transmission mechanisms and other material characteristics of, blockchain technology, non-fungible tokens, digital assets, digital wallets, and cryptocurrencies to understand this Terms of Service and to appreciate the risks and implications of purchasing NFTs. You acknowledge and agree that you have obtained sufficient information to make an informed decision to purchase an NFT, including (if you choose to do so) reviewing the code of the smart contract, the NFT metadata, and the NFT, as well as the storage system used for the Digital Artwork, and fully understand and accept the functions of the same and any underlying risks.
10.11. By making a payment with a cryptocurrency, you acknowledge and agree that Heni has no liability for your payment not reaching us, including, but not limited to, instances where payment through the Palm blockchain was unsuccessful. It is solely your responsibility to confirm that your cryptocurrency payment was received and accepted by Heni.
10.12. You acknowledge and agree that your purchase of an NFT complies with applicable laws and regulation in your jurisdiction.
10.13. You acknowledge and agree that certain information about your transaction, including your digital wallet address, may be publicly available on the Palm blockchain.
Financial risks
10.14. Use of the Service, including buying NFTs may carry financial risk. Transactions executed by smart contracts are irreversible and may be non refundable. The risk of loss in trading crypto assets, including NFTs, can be substantial. The prices of crypto assets are volatile and fluctuations in the price of crypto assets could materially and adversely affect the value of your NFTs.
10.15. You must carefully consider whether buying NFTs is appropriate for you in view of your financial circumstances and you acknowledge and agree that you will access and use the Service at your own risk including the risk that you may lose access to your NFT or the Digital Artwork associated with it indefinitely. We are not liable and accept no responsibility in connection with your use of the Service and transactions facilitated by it.
11. OUR LIABILITY AND GENERAL DISCLAIMERS
11.1. References to liability in this clause 11 include every kind of liability arising under or in connection with this Terms of Service, including, but not limited to, liability in contract, tort (including negligence), misrepresentation, restitution or otherwise.
11.2. No provision in this Terms of Service shall be deemed to exclude or limit in any way our liability to you where it would be unlawful to do so. This includes liability for death or personal injury caused by our negligence, our liability for fraud or fraudulent misrepresentation or any other liability which cannot be excluded or limited under applicable law.
11.3. Subject to clause 11.2, our total liability to you in connection with the purchase or sale of an NFT, including any claim in connection with the Digital Artwork associated with it, and your use of the Service, shall be limited to the purchase price in USD that you paid for the NFT (i.e. the price listed on the Website in USD and not the amount you actually paid in any other fiat currency or cryptocurrency) regardless of the cause of action brought. You acknowledge and agree that your agreement under this Terms of Service is directly with Heni, and that no other party associated or working with Heni shall have any liability to you, including, without limitation, Damien Hirst. Any claims you may have can be brought only against Heni.
11.4. Subject to clause 11.2, under no circumstances will we be liable to you for: (i) any indirect, special, incidental, consequential or exemplary damages of any kind (including, but not limited to, loss of revenue, income or profits, loss of data or software, or business interruption); (ii) any damages due to errors by you (such as forgotten passwords or mistyped addresses); (iii) any damages due to errors by us (such as incorrectly constructed transactions or incorrectly programmed NFTs); (iv) any damages due to mining attacks, cybersecurity attacks, weaknesses in our security, blockchain malfunctions or other technical errors, or telecommunications failures; (v) any damages due to unfavourable regulatory determinations or actions in one or more jurisdictions (including with respect to non-fungible tokens or cryptocurrencies) or taxation of non-fungible tokens or cryptocurrencies; (vi) any damages relating to your inability to access the Service, your NFT or the Digital Artwork associated with it, your inability to transfer your NFT, or your inability to access or display the Digital Artwork; (vii) any damages arising from any third-party providers, including third-party providers that may mint the NFTs and/or store the NFTs or Digital Artworks even where such third-party providers were retained by Heni; (viii) any damages arising from any personal information disclosure; (ix) any damages arising from any unauthorised third-party activities, including without limitation the introduction of viruses or other malicious code, the use of phishing, Sybil attacks, 51% attacks, brute forcing, changes to the protocol rules of the blockchain (i.e., "forks"), or other means of attack that affect, in any way, any NFT or Digital Artwork; in each case of (i) – (ix) arising out of or in any way related to the sale or use of the NFTs, the Digital Artworks, or otherwise related to this Terms of Service, regardless of the form of action, whether based in contract, tort, 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).
11.5. We do not give any representation or warranty or assume any liability of any kind whatsoever, express or implied, in connection with this Terms of Service, the Service, the NFTs or the Digital Artworks including without limitation representations, warranties or conditions of merchantability, fitness for a particular purpose, title and non-infringement, functionality, or technical quality or performance of any NFT, the Service, smart code, condition of the NFTs, Digital Artworks or software or that the NFTs are free of viruses or other harmful components, each of which is specifically disclaimed, and no statement anywhere whether oral or writing shall be deemed to be such a representation or warranty.
11.6. The laws of some countries do not allow some or all of the disclaimers, limitations or exclusions described above. This is especially so if you are a consumer. If these laws apply to you, some or all of the above disclaimers, limitations or exclusions may not apply to you and you might have additional rights.
11.7. We will not be responsible to you or any other party for any errors or variations that may occur or appear in the quality or resolution of the NFTs, the Digital Artwork or any other content provided through the Service.
12. RESTRICTIONS
12.1. We are not permitted to engage in any transactions with any person, entity or country prohibited by any applicable export control and sanctions laws and regulations of the United States and any other applicable governmental authority, including without limitation, the U.S. Export Administration Regulations and U.S. sanctions regulations ("Export Control and Sanctions Laws"), including, without limitation, the prohibition against transactions with: (i) a national or resident of any country subject to U.S. sanctions or similar restrictions (currently, Cuba, Iran, Syria, North Korea and the region Crimea), or (ii) anyone on the U.S. Treasury Department's list of Specially Designated Nationals or other sanctions lists. You will not be permitted to buy an NFT from us if such purchase would be in breach of Export Control and Sanctions Laws.
13. PERSONAL INFORMATION
13.1. We will only use your personal information as set out in our Privacy Policy.
14. DISPUTE RESOLUTION
14.1. YOU ARE AGREEING TO GIVE UP ANY RIGHTS TO LITIGATE CLAIMS IN A COURT. OTHER RIGHTS THAT YOU WOULD HAVE IF YOU WENT TO COURT MAY ALSO BE UNAVAILABLE OR MAY BE LIMITED IN ARBITRATION.
14.2. YOU HEREBY EXPRESSLY GIVE UP YOUR RIGHT TO HAVE A TRIAL BY JURY.
14.3. YOU HEREBY EXPRESSLY GIVE UP YOUR RIGHT TO PARTICIPATE AS A MEMBER OF A CLASS OF CLAIMANTS IN ANY LAWSUIT, INCLUDING, BUT NOT LIMITED TO, CLASS ACTION LAWSUITS INVOLVING ANY SUCH DISPUTE.
14.4. Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the London Court of International Arbitration (LCIA) Rules, which Rules are deemed to be incorporated by reference into this clause 14. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be London, England. The language to be used in the arbitral proceedings shall be English. The governing law of the contract shall be the substantive law of the State of New York, United States.
15. FINAL PROVISIONS
15.1. We can make reasonable changes to this Terms of Service at any time for security, legal, regulatory or operational reasons. When we make material changes to the Terms of Service, we will provide you with notice as appropriate under the circumstances, e.g., by displaying a prominent notice or seeking your agreement within the Service or by sending you an email.
15.2. We may transfer any of our rights and obligations under this Terms of Service to another organisation.
15.3. You may only transfer your rights and obligations under this Terms of Service if we agree in writing.
15.4. Each of the clauses of this Terms of Service operates separately. If any part of this Terms of Service is disallowed or found to be ineffective by any court, regulator, or arbitrator, the other provisions shall continue to apply.
15.5. If you breach this Terms of Service and we take no action against you, we will still be entitled to use our rights and remedies in any other situation where you breach this Terms of Service. The rights and remedies in this Terms of Service are cumulative and are not exclusive of any rights or remedies provided by law.
15.6. Except as expressly provided herein, this Terms of Service is between you and us and no other person shall have any rights to enforce any of its terms.
15.7. The rights of you and us to terminate, rescind or agree any variation, waiver or settlement under this Terms of Service are not subject to the consent of any other person.
15.8. This Terms of Service constitutes the entire agreement between us in relation to your purchase. You acknowledge that you have not relied on any statement, promise, representation, assurance or warranty made or given by or on our behalf of us which is not set out in this Terms of Service and that you shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this agreement.
15.9. This Terms of Service and its subject matter and formation (and any non-contractual disputes or claims) shall be governed by the laws of the State of New York, United States.