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VALUART NFT PLATFORM
Terms and Conditions
These “Terms and Conditions” last material updatewas made on: 21.07.2021.
Valuart NFT Platform (“Valuart NFT Platform”) allows you to participate in auctions, to buy, sell and display non-fungible tokens (“NFTs”) and is made available to you by Valuart SAGL (“Valuart”).
1. Acceptance
By clicking the “Sign Up” button, completing the account registration process and using the Valuart NFT Platform, Valuart’s services or the smart contract, you confirm that you understand and agree to these terms and conditions, together with any documents that may be expressly referred to and are incorporated by reference (“Terms”). If you do not agree with all of the provisions of these terms, you are prohibited from accessing, using, or transacting on the Site or Valuart NFT Platform.
These Terms constitute a legal agreement between you and Valuart and govern your access to and use of the Valuart NFT Platform, including any content, functionality, and services offered on or through Valuart/ Valuart NFT Platform (the “Site”).
Valuart reserves the right to change or modify these terms at any time and at our sole discretion. You agree and understand that by accessing or using the Valuart NFT Platform and the Site following any change to these Terms, you are regarded as having agreed to the revised Terms.
2. Definitions
In these Terms:
“Non-fungible token” or “NFT”: Non-fungible token refers to items that are not interchangeable for other items because they have unique properties. NFTs are tokens that can be used to represent ownership of unique items. They let us tokenize assets like art, collectibles, or even real estate. They can only have one official owner at a time and they are secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.
“Fungible items”: on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 0.1 ETH / $1 USD is exchangeable for another 0.1 ETH / $1 USD.
“Applicable Law”: any law, rule, statute, subordinate legislation, regulation, by-law order, ordinance, protocol, code, guideline, treaty, policy, notice, direction or judicial, arbitral, administrative, ministerial or departmental judgment, award, decree, treaty, directive, or other requirement or guideline published or in force at any time which applies to or is otherwise intended to govern or regulate any person (including all parties to this Terms), property, transaction, activity, event or other matter, including any rule, order, judgment, directive or other requirement or guideline issued by any governmental or regulatory authority;
“Underlying Artwork” means, without limitation, any art, designs, drawings, prints, images in any form or media logos, taglines, drawings, audio files, collectibles, memorabilia or game assets that may be associated with an NFT that you acquire;
"we/us/our" means Valuart;
"you/your/User" means any user of the Valuart NFT Platform.
3. Eligibility
Valuart has sole and absolute discretion to allow or disallow your access to the Valuart NFT Platform. By agreeing to these Terms, you represent and warrant that:
  1. You are at least 18 years of age;
  2. You have the full right, power, and authority to agree to these Terms;
  3. You are not subject to any financial sanctions, embargoes or other restrictive measures imposed by the United Nations, European Union, any EU country, UK Treasury or US Office of Foreign Assets Control (OFAC), or any governmental authority in any jurisdiction in which the Valuart NFT Platform is available;
  4. You are not a citizen or resident of any of the following countries: Belarus, Central African Republic, Côte d’Ivoire (Ivory Coast), Cuba, Democratic Republic of the Congo, Iran, Iraq, Lebanon, Liberia, Libya, Myanmar (Burma), North Korea, Somalia, Sudan, Syria, Zimbabwe.
  5. You are not impersonating any other person;
  6. You will not use the Valuart NFT Platform if any Applicable Laws in your country prohibit you from doing so in accordance with these Terms;
  7. You are compliant with all Applicable Laws to which you are subject;
  8. You have read, understood and agreed to our Privacy Notice and Cookie Policy.
4. Valuart NFT Platform Account
You must create an account (“Account”) to use the Valuart NFT Platform. To create an account, we will require you to connect with your MetaMask electronic wallet. The best way for you to do so is to install the Google Chrome extension called MetaMask available here. You will only be recognized as a User and allowed to benefit from the Valuart NFT Platform, if your Ethereum electronic wallet is connected and unlocked through your MetaMask account. No other mean is available to sign up as a User or use the Valuart NFT Platform. The MetaMask wallet will allow you to participate in our auctions, buy, store and sell the NFTs using the Ethereum cryptocurrency (ETH).
We may, in our sole discretion, require you to provide further information and/or documents at any stage during your use of the Valuart NFT Platform. We may, in our sole discretion, refuse, decline, suspend or disable your access or use of the Valuart NFT Platform.
5. Changes to the Valuart NFT Platform
We may in our absolute and sole discretion change, update, amend, remove, or discontinue any part of the Site, the services and the Content at any time without prior notice to you.
6. Fees
Valuart Fees. By buying and selling NFTs, including through the Auction process, on the Valuart NFT Platform, you agree to pay all applicable fees as stipulated in the Site and on the checkout screen at the time of your purchase. You authorize Valuart to automatically deduct fees directly from payments to you and/ or add fees to your payments to Valuart where applicable.
Save where agreed upon otherwise, Valuart does not apply additional fees other than the External Fees (as defined below) on transactions related to new NFTs that are being traded for the first time ever (“New Drops”), while for any successive sales in the secondary market of NFTs (“Secondary Sales”), the Creator of the given NFT will receive a 10% royalty based on the total sale price of each and every Secondary Sales (“NFT Royalties”). The NFT Royalties shall be paid by the user who sells the respective NFT. In other words, for every 1ETH generated in Secondary Sales, the selling party will receive 0.9 ETH, while the Creator will receive 0.1ETH.
You hereby consent to the automated collection and disbursement to Creators of NFT Royalties deriving from Secondary Sales of the NFTs, and you explicitly waive any first sale defense or argument with respect to secondary market activities resulting in NFT Royalties.
Transaction Fees. All transactions on the Valuart NFT Platform are enabled by smart contracts existing on the Ethereum network. The Ethereum network requires the payment of a transaction fee (“Gas Fees”) for every transaction that occurs on the network, and thus on every transaction that may occur using the Valuart NFT Platform. The Gas Fees change, often unpredictably, and are entirely outside of the control of Valuart or the Valuart NFT Platform. You hereby acknowledge and agree that, under no circumstances, will a contract, agreement, offer, sale, bid, or any other transaction occurring on the Valuart NFT Platform be invalidated, revocable, retractable, or otherwise unenforceable on the basis that the Gas Fees were unknown or otherwise unacceptable to a User. You also acknowledge and agree that the Gas Fees are non-refundable under no circumstance.
7. Your Use of the Valuart NFT Platform and Conduct
We hereby grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Site and Content. Our grant of such license is subject to the following conditions. You undertake not to (and shall not, knowingly or otherwise, authorize, allow or assist any other party to):
  1. Use the Valuart NFT Platform, Site, or your Account to conduct electronic spamming or otherwise distribute any unsolicited or unauthorized advertising, promotional or marketing material, junk or chain messages;
  2. Use the Valuart NFT Platform, Site, or your Account to perform unlawful activities that violates any Applicable Laws (including but not limited to money laundering, terrorism financing and/or fraudulent activities) or immoral activities;
  3. Use the Valuart NFT Platform, Site, or your Account to engage in any activity which operates to defraud Valuart, other users, or any other person, or to provide any false, inaccurate, or misleading information to Valuart;
  4. Use the Valuart NFT Platform, Site, or your Account to upload content that contains or is infected with viruses, malicious codes, Trojan horses, is immoral or illegal or contains any other harmful or deleterious program;
  5. Modify or adapt the whole or any part of the Valuart NFT Platform and Site or incorporate the Site into any other program or application;
  6. Disassemble, decompile, reverse-engineer or otherwise attempt to derive the source code, object code, underlying concepts, ideas and algorithms of the Site or any components thereof;
  7. Use the Valuart NFT Platform, Site, or your Account in any manner that would lead to infringement of our, our Affiliates’ or any third party’s intellectual property rights, including without limitation any copyright, patent or trademark. You undertake not to take or attempt to take any action or claim ownership of any property that infringes or would infringe upon our intellectual property interests;
  8. Use the Valuart NFT Platform, Site, or your Account in a way that could damage, disable, impair or compromise the Site or the provision of the Valuart NFT Platform or interfere with other users or affect the reputation of Valuart;
  9. To take any action to gain or attempt to gain unauthorized access to the account or wallets of other users;
  10. Take any action that imposes an unreasonable or disproportionately large burden or load on the Valuart infrastructure (including, but without limitation to our servers, networks, data centres and related or like equipment) and detrimentally interfere with, intercept or expropriate any system, data or information belonging to other users of the Valuart NFT Platform;
  11. Engage in any other activities deemed inappropriate by us or which is in contravention of these Terms or any Applicable Laws;
  12. Provide false, inaccurate, incomplete or misleading information to Valuart or any of its Affiliates or third-party services providers; and/or
  13. Use the Valuart NFT Platform, Site, or your Account to engage in any lottery, bidding fee auctions, contests, sweepstakes, or other games of chance.
8. User Content
The Valuart NFT Platform may allow (i) users to create a profile where they can post information about themselves, display their NFTs, and sell NFTs they own (ii) artists or creators of NFTs (“Creator”) to put their NFTs up for sale (which may be via auction (“Auction”, please refer to clause 9 for more information) (together the “User Content”).
Any information you post on the Site as a Creator will be considered non-confidential. By providing any User Content on the Site, you grant us and our affiliates and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, retransmit, publish, broadcast, and otherwise disclose to third parties any such material for any purpose. You represent and warrant that (1) you own and control all rights in and to your User Content and have the right to grant such licenses to us and our affiliates and our respective licensees, successors, and assigns; and (2) all of your User Content do and will comply with these Terms.
You understand and agree that you are responsible for any User Content you submit or contribute, and you, and not Valuart, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content, accuracy, or appropriateness of any User Content posted by you or any other user on the Site.
If you are a Creator, you hereby grant Valuart the right to use your name and image for marketing or promotional purposes and agree that we may use or modify images from the NFTs that you create for marketing or promotional purposes. You also agree that we can use your biography and other public information about you to promote the NFTs that you create. If you are a Creator, you agree that you will not infringe on the intellectual property of others and will not coordinate pricing of any NFTs with other Creators.
We reserve the right, in our absolute sole discretion, to prohibit you from uploading any NFTs to the Site. We are not required to monitor any User Content, but we may, in our sole discretion, remove any User Content at any time and for any reason without notice. Valuart may monitor the User Content to detect and prevent fraudulent activity or violation of these Terms.
9. Intellectual Property
Unless otherwise indicated by us, and except to the extent of the User Content, the Site, all content, and other materials contained therein, including, without limitation, the Valuart logo, and all designs, text graphics, pictures, information, data, software, and files relating to the Valuart NFT Platform (the “Content”) are the proprietary property of Valuart or our affiliates, licensors, or users, as applicable.
The Valuart logo and any Valuart NFT Platform product or service names, logos, or slogans that may appear on the Site or elsewhere are the proprietary property of Valuart or our affiliates, licensors, or users, as applicable, and may not be copied, imitated or used, in whole or in part, without our prior written permission.
Unless otherwise stated, you may not use any Content without our express written permission. We reserve the right to suspend or terminate with immediate effect any Account that has actually or allegedly infringed upon any person’s intellectual property rights.
10. Sale by Auction
You may sell and purchase NFTs through the Auction process. Your participation in the Auction is subject to the rules available on the Valuart NFT Platform.
You may only participate in the Auction by linking your digital wallet, which must be a type supported by Valuart, to your Account.
Valuart may pause, cancel, or discontinue your Auction transactions at its sole discretion without liability.
Valuart shall not be liable to you for contract, tort, or any other types of damages, including indirect, special, incidental, consequential, punitive or exemplary damages arising out of or related to participation in or the outcome of a transaction conducted on the Valuart NFT Platform, whether or not Valuart has been advised or knew of the possibility of such damages.
11. Rights attached to the NFTs and Underlying Artworks
Apart from the Content, all other copyrights, trademarks, product names, and logos on the Site relating to and including the NFTs and User Content, are the property of their respective owners and may not be copied, imitated, or used, in whole or in part, without the permission of the applicable intellectual property right owner.
You acknowledge and agree that Valuart (or, as applicable, its licensors) owns all legal rights, titles and interest in and to the Underlying Artwork and Content, and all intellectual property rights therein. The rights that you have in and to the NFT are limited to those expressly stated in these Terms. Valuart and its licensors reserve all rights and ownership in and to the NFT and/or Underlying Art not expressly granted to you in these Terms.
When you buy an NFT on the Valuart NFT Platform, you receive a limited, worldwide, non-assignable, non-sublicensable, royalty-free license to display the NFT , which includes, but is not limited to, the right to display or perform the NFT privately or publicly: (i) for the purpose of promoting or sharing your purchase, ownership, or interest in the NFT, for example, on social media platforms, blogs, digital galleries, or other Internet-based media platforms; (ii) for the purpose of sharing, promoting, discussing, or commenting on the NFT; (iii) on third party marketplaces, exchanges, platforms, or applications in association with an offer to sell, or trade, the NFT; and (iv) within decentralized virtual environments, virtual worlds, virtual galleries, virtual museums, or other navigable and perceivable virtual environments, including simultaneous display of multiple copies of the NFT within one ormore virtual environments.
While you have the right to sell, trade, transfer, or use your purchased NFT, you shall not (i) modify the NFT and/or the Underlying Artwork for your NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes; (ii) use the NFT and/or Underlying Artwork to advertise, market, or sell any other product or service; (iii) incorporate the NFT in movies, videos, video games, or any other forms of media for a commercial purpose, except to the limited extent that such use is expressly permitted by these Terms or solely for your personal, non-commercial use; (iv) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the NFT and/or Underlying Artwork; (v) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the NFT and/or Underlying Artwork; (vi) attempt to mint, tokenize, or create an additional cryptographic token representing the same NFT and/or Underlying Artwork; or (vii) otherwise utilize the NFT and/or Underlying Artwork for your or any third party’s commercial benefit, save as expressly permitted by these Terms or with the express prior consent of Valuart.
Notwithstanding the above, Valuart shall receive from the Creator and keep a perpetual, irrevocable and royalty-free license (i) to display the NFTs in the physical galleries directly owned and/or operated by Valuart and (ii) to index the NFT in electronic databases, indexes and catalogues.
The Creator and all Users hereby irrevocably agree to release, acquit, and forever discharge Valuart and its employees, directors, shareholders, agents, representatives, officers, parent company, subsidiaries, affiliates, and successors of any liability for direct or indirect copyright or trademark infringement by reason of Valuart’s use of an NFT or Underlying Artwork in accordance with these Terms..
Without limiting the foregoing, if you believe that third-party material hosted by the Valuart NFT Platform infringes your copyright or trademark rights, please file a notice of infringement by contacting: copyright@valuart.com.
12. Data Protection / Privacy
By using the Valuart NFT Platform, you confirm that you have read and understood our Privacy Notice and understand how we collect, use, disclose and share amongst ourselves your Personal Data and disclose such Personal Data to our authorised service providers and relevant third parties. We will only share your Personal Data in order to facilitate and administer your use of the Valuart NFT Platform or otherwise if required by law. For full and comprehensive information about when and why we collect personal information about you, how we use it, the conditions under which we may disclose it and how we keep it secure, please refer to our Privacy Notice, which is accessible at: valuart.com/privacy.
We reserve the right at any time to satisfy our internal requirement as to your Personal Data (for example, by requesting relevant original documents) including for the purposes of preventing fraud and/or anti-money laundering and counter-terrorist financing purposes.
13. Limitation of Services / Account Closure / Termination
We reserve the right, without notice and in our sole discretion, to terminate or suspend your access to or use of the Site and any Content and/or close your Account, at any time for any reason but in particular, if we suspect in our sole discretion that
  1. your Account is being used for illegal activity;
  2. you have concealed or provided false information;
  3. you have engaged in fraudulent activity; and/or
  4. you have engaged in activity in violation of these Terms.
If Valuart is holding funds in your Account and has no record of your use of the Valuart NFT Platform for several years, we may be required, upon passage of applicable time periods, to report these funds as unclaimed property in accordance with the abandoned property and escheat laws. If this occurs, we will use reasonable efforts to give you written notice. If you fail to respond within seven business days or the period as required by Applicable Law, we may be required to deliver any such funds to the applicable jurisdiction as unclaimed property. We reserve the right to deduct a reasonable administrative fee from such unclaimed funds, as permitted by Applicable Law.
14. Risks
You understand and agree that your access and use of the Valuart NFT Platform is subject to certain risks including without limitation:
  1. Price and liquidity of blockchain assets, including the NFTs, are extremely volatile and may be subject to fluctuations;
  2. Fluctuations in the price of other digital assets could materially and adversely affect the NFTs;
  3. Legislative and regulatory changes or actions may adversely affect the use, transfer, and value of the NFTs;
  4. NFTs are not legal tender and are not backed by any government;
  5. Transactions involving NFTs may be irreversible, and losses due to fraudulent or accidental transactions may not be recoverable;
  6. The value of NFTs may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for NFTs, and therefore the value of NFTs is subject to the potential for permanent or total loss of value should the market for NFTs disappear;
  7. NFTs are subject to the risk of fraud, counterfeiting, cyber-attacks and other technological difficulties which may prevent access to or use of your NFTs.
You understand and agree that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these risks for yourself. Valuart does not give any advice or recommendations regarding the NFTs. You understand and agree that you access and use the Valuart NFT Platform at your own risk. You understand and agree that Valuart will not be responsible for any communication failures, disruptions, errors, or distortions you may experience when using the NFTs or the Valuart NFT Platform. Valuart does not represent, guarantee, or warrant the accuracy or fairness of the price of any NFT sold or offered for sale on or off of the Valuart NFT Platform. The User agrees and acknowledges that Valuart is not a fiduciary nor owes any duties to any User of the platform, including the duty to ensure fair pricing of NFTs or to police User behavior on the Valuart NFT Platform.
15. Taxes
You agree that you are solely responsible for determining what, if any, taxes apply to your NFT transactions on the NFT Valuart Platform. Neither Valuart nor any other Valuart Party is responsible for determining the taxes that may apply to your NFT transactions.
16. Disclaimers
Valuart, or may it be the case Creators, may engage in promotion of their respective User Content, including without limitation their Underlying Artworks, through various communications channels such as their social media accounts. Valuart is not responsible for any such communications and/or promotional activities carried out by the Creators and will not be liable to you in relation to any such communications and/or promotional activities.
You bear full responsibility for verifying the identity, legitimacy, and authenticity of assets you purchase on Valuart NFT Platform. Notwithstanding indicators and messages that suggest verification, Valuart makes no claims about the identity, legitimacy, or authenticity of assets on the Valuart NFT Platform.
Except as expressly provided to the contrary in writing by Valuart, the Site, content contained therein, and the NFTs listed therein are provided on an “as is” and “as available” basis without warranties or conditions of any kind, either express or implied. Valuart (and its suppliers) make no warranty that the Site will (1) meet your requirements; (2) be available on an uninterrupted, timely, secure, or error-free basis; or (3) be accurate, reliable, complete, legal, or safe. Valuart makes no representations or warranties, express or implied, written or oral, made by or on behalf of Valuart in connection therewith, including any representations or warranties of title, non-infringement, functionality, merchantability, usage, security, suitability or fitness for any particular purpose, workmanship or technical quality of any NFT, Underlying Artwork, Content, User Content or work, smart contract code, or software.
Valuart will not be liable for any loss of any kind from any action taken or taken in reliance on material or information contained on the Site. Valuart does not represent or warrant that any content on the Site is accurate, complete, reliable, current or error-free.
While Valuart attempts to make your access to and use of the Site and content safe, Valuart does not represent or warrant that the Site, content, any NFTs listed on the Site or any other part of the Site or Valuart NFT Platform are free of viruses or other harmful components. We cannot guarantee the security of any data that you disclose online. You acknowledge and accept the inherent security risks of providing information and dealing online over the Internet. We will not be responsible for any breach of security unless it is due to our gross negligence.
We will not be responsible or liable to you for any loss and take no responsibility for, and will not be liable to you for, any use of the NFTs including but not limited to, any losses, damages, or claims arising from: (1) user error such as if you forget your password(s), incorrect transactions, or mistyped addresses; (2) server failure or data loss; (3) corrupted wallet files; (4) loss of NFTs.
TO THE FULLEST EXTENT PROVIDED BY LAW, VALUART HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT AS TO THE SITE AND CONTENT CONTAINED THEREIN. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
17. Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL VALUART OR VALUART PARTIES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFIT OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM THESE TERMS, THE SITE, PRODUCTS OR THIRD PARTY SITES AND PRODUCTS, OR FOR ANY DAMAGES RELATED TO LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, OR LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE AND EVEN IF VALUART OR VALUART PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF THE SITE, PRODUCTS OR THIRD-PARTY SITES AND PRODUCTS ARE AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE INCURRED BY YOU OR YOUR PROPERTY OR LOSS OF DATA RESULTING THEREFROM. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, IN NO EVENT SHALL THE MAXIMUM AGGREGATE LIABILITY OF VALUART ARISING OUT OF OR IN ANY WAY RELATED TO THESE TERMS, THE ACCESS AND USE OF THE SITE, CONTENT NFTS OR ANY PRODUCT OR SERVICES PURCHASES ON THE SITE EXCEED EUR 100. THE FOREGOING LIMITATIONS OF LIABILITY SHALL NOT APPLY TO LIABILITY OF VALUART FOR PERSONAL INJURY CAUSED BY VALUART’S NEGLIGENCE OR ANY INJURY CAUSED BY VALUART’S FRAUD OR FRAUDULENT MISREPRESENTATION.
The smart contracts, the Valuart NFT Platform and the Site facilitate the User’s collection of NFTs, but Valuart and its affiliates, are not the custodians of any User-owned NFT The User understands and acknowledges that Valuart is not given custody, possession, or control of any NFT or cryptocurrency at any time for the purpose of facilitating the transactions occurring on the Valuart NFT Platform. You affirm that you are aware and acknowledge that Valuart is a non-custodial service provider and has designed the Valuart NFT Platform to be directly accessible by the Users without any involvement or actions taken by Valuart or any third-party.
18. Indemnification
To the fullest extent permitted by Applicable Law, you agree to indemnify, defend and hold harmless Valuart and our 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 (individually and collectively the “Valuart Parties”), from and against all actual or alleged third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Site, Content or NFTs, (b) your breach of these Terms, and (c) your breach or violation of the rights of a third party, including another user or third party service provider. You agree to promptly notify Valuart of any third party Claims and cooperate with the Valuart Parties in defending such Claims. You further agree that the Valuart Parties shall have control of the defense or settlement of any thirdparty Claims.
THIS INDEMNITY IS IN ADDITION TO, AND NOT IN LIEU OF, ANY OTHER INDEMNITIES THAT MAY BE SET FORTH IN A WRITTEN AGREEMENT BETWEEN YOU AND VALUART.
The Valuart NFT Platform or Site may include hyperlinks to other websites or resources (collectively, “External Sites”), which are provided solely as a convenience to our users. We have no control over any External Sites. You acknowledge and agree that we are not responsible for the availability of any External Sites, and that we do not endorse any advertising, products or other materials on or made available from any External Sites. Furthermore, you acknowledge and agree that we are not liable for any loss or damage which may be incurred as a result of the availability or unavailability of the External Sites, or as a result of any reliance placed by you upon the completeness, accuracy or existence of any advertising, products or other materials on, or made available from, any External Sites.
19. Amendment and Variation
These Terms may from time to time be updated or amended. We will post any such updates on the Site. Such updated Terms as posted will take effect immediately unless otherwise indicated. You should regularly check the Site to inform yourself of any such changes. In addition, we may at any time change, add or remove any feature or functionality of the Site without prior notice. By continuing to use the Valuart NFT Platform and/or the Site after any such changes have taken effect, you are indicating your acceptance of the updated or amended Terms as well as your acceptance of the updated Site. If you do not wish to be bound by any changes or amendments to these Terms then you should stop using the Valuart NFT Platform and Site immediately.
20. Transfer, Assignment or Delegation
Unless otherwise stated herein, these Terms, and any rights and obligations and licenses granted hereunder, are limited, revocable, non-exclusive and personal to you and therefore may not be transferred, assigned or delegated by you to any third-party without our written consent, but may be transferred, assigned or delegated by us without notice and restriction, including without limitation to any of the entities within the Valuart group, or to any successor in interest of any business associated with the Valuart NFT Platform. Any attempted transfer or assignment in violation hereof shall be null and void.
21. Severability
If any provision of these Terms shall be found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect the other provisions of these Terms and all provisions not affected by such invalidity or unenforceability shall remain in full force and effect. Such provision will be changed and interpreted to accomplish the objectives of the provision to the greatest extent possible under any Applicable Laws.
22. Entire Agreement
These Terms constitute the entire agreement between the parties regarding its subject matter and supersedes and invalidates all other prior representations, arrangements, understandings, and agreements relating to the same subject matter, (whether oral or in writing, express or implied). Each party acknowledges that in agreeing to these Terms it does not rely on any statement, representation, warranty, or understanding other than those expressly set out in these Terms.
These Terms are concluded in the English language and all communications including any notices or information being transmitted shall be in English. In the event that these Terms or any part of it is translated (for any proceedings, for your convenience or otherwise) into any other language, the English language text of these Terms shall prevail.
23. Waiver
These Terms shall not be waived in whole or in part except where agreed by the parties in writing.
The delay of enforcement or the non-enforcement of any of the terms of these Terms by any party shall not be construed as a waiver of any of the other rights of that party arising out of the breach or any subsequent breach of any of these Terms and no right, power or remedy conferred upon or reserved for any party in these Terms is exclusive of any other right, power or remedy available to that party and each such right, power or remedy shall be cumulative.
24. Notices and Communications
By using the Valuart NFT Platform, you agree that we may provide you with notices or other communications, including marketing, relating to your use of the Valuart NFT Platform electronically: (a) via email (in each case to the address that you provide), SMS message, or telephone call (in each case to the phone number that you provide), or (b) by posting to the Site.
For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. You will always be given the option to unsubscribe from receiving any marketing material from us.
Notices to us should be sent electronically to info@valuart.com.
25. Third Party Rights
Other than the entities within the Valuart group, a person who is not a party to these Terms has no right to enforce any of these Terms.
26. Governing Law and Jurisdiction
These Terms are governed by and shall be construed in accordance with the laws of Switzerland without regard to any choice or conflict of laws rules. Any dispute, controversy, or claim, whether contractual or non-contractual, arising out of or in connection with these Terms, or the breach, termination or invalidity thereof, or any other issue which shall arise in virtue of these Terms, shall be referred to and finally settled by arbitration administered by the ICC International Court of Arbitration under the rules in force when the notice of arbitration is submitted. The law of this arbitration clause shall be Swiss law. The seat of arbitration shall be in Switzerland The number of arbitrators shall be one. The arbitration proceedings shall be conducted in the English language.
© 2021 Valuart
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