Weave Terms of Use
Last updated: 22/07/2024
The Services, the Site and any other features offered or made available by us are not offered to U.S. Persons or Restricted Persons (each as further defined below), and any such use is prohibited. Any use of a virtual private network (VPN) or any other privacy or anonymization tools or techniques to circumvent, or attempt to circumvent, any restrictions that apply are prohibited. WE RESERVE ALL RIGHTS TO TAKE ACTION AGAINST ANY PERSON VIOLATING, CIRCUMVENTING OR ATTEMPTING TO CIRCUMVENT SUCH RESTRICTIONS, INCLUDING LEGAL ACTION AND/OR TEMPORARILY OR PERMANENTLY RESTRICT ACCESS TO THE PLATFORM AND THE SERVICES. “U.S. Person” shall mean any natural person or legal entity who (i) resides, (ii) is located (iii) is incorporated, or (iv) has a registered office, in the United States of America. “Restricted Person” shall mean any natural person or legal entity mentioned in Section 7.2 below. |
- INTRODUCTION
- These Terms of Use (these “Terms”) govern and apply to your access to and use of the website available at weave-crypto.com (the “Site”), and any services, products, software or applications made available thereby (each a “Service,” and collectively the “Services”).
- Please read these Terms carefully and ensure you understand them. These Terms apply to any person accessing the Site. By accessing or using the Site, you represent and warrant that you have read and understood these Terms and agree to be bound by them. If you do not agree to or accept all of these Terms and do not wish to be bound by them, please immediately discontinue access to the Site.
- Our Privacy Policy available at https://weave-crypto.com/privacy-policy/ and Cookie policy available at https://weave-crypto.com/privacy-policy/ also apply to your use of the Site and by accessing or using the Site you represent and warrant to us that you have read and accepted them. Our fees, as outlined in the “Platform Fees” section of the White Paper, as may be amended from time to time (the “Fee Schedule“), forms an integral part of these Terms and by accessing or using the Site you represent and warrant to us that you have read and accepted them.
“Weave”, “we”, “us” or “our” refers to Weave which owns and operates the Site.
- From time to time, we may revise, modify or update these Terms, in our sole discretion, through updating the version of this document available via the Site. Your continued use of the Site or any Services shall be deemed acceptance of the then prevailing Terms. You agree that all modifications or changes to these Terms shall take effect and be enforceable immediately upon posting. If you do not wish to be bound by the revised Terms, you must discontinue accessing the Site and any Services.
- THE SITE
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- The Site is the front-end interface which provides access to a decentralized protocol on various blockchains including BNB smart chain, Polygon, Ethereum and Arbitrum (the “Weave Protocol“). The Site provides access to a decentralized application (the “Application“) which utilizes the Weave Protocol to enable Users to enter into transactions (the “Transactions“) executed directly between the User and certain third party blockchain networks, decentralized platforms or protocols across the various blockchains (each, a “Network” and collectively “Networks“).
- The Site further allows:
- Users to create their own strategy comprised of various Transactions (a “Strategy“), thus becoming “Pro Users“);
- Pro Users to allow other Users (“Copy Users“) to copy their Strategies.
- The use of the Weave Protocol by Users will result in each User being charged certain fees. The accrual and collection of fees will be governed by and subject to a fee contract. Full details of our fees are available in our Fee Schedule. By using the Services, you expressly consent to the fees outlined in the Fee Schedule as may be amended from time to time. Using the Weave Protocol may incur additional fees such as gas charges on the applicable blockchain network to perform a transaction and we have no control over such fees. You shall be solely responsible to pay any such third party fees, and we do not guarantee that all such applicable third party charges will be visible via the Weave Protocol.
- TRANSACTIONS
- The Transactions may include any form of transactions made available by, and involving any supported crypto assets accepted by, the various Networks at their sole discretion. Transaction may include various methods for the User to deploy their crypto assets with the objective of generating returns or rewards in the form of additional crypto assets, including but not limited to via staking, lending, providing liquidity, swapping, buying/selling and leveraging on the applicable Network.
- Weave has no control over the types of transactions and crypto assets made available by the Networks, and Weave does not participate in any Transaction in any way – any Transaction is entered into and executed between the User and the applicable Network. The Site merely provides an aggregated portal to access the various Transactions which are available to the User using the Network’s own website or application.
- Transactions are executed, and payments for any Transactions are made, exclusively between the User’s Weave Protocol-compatible wallet address (“Compatible Wallet”) and the applicable Network. Weave does not take custody of, hold, transfer, or in any way take control of, any crypto assets or other funds involved in any Transaction. You expressly agree and acknowledge that any and all Transactions undertaken by you via the Weave Protocol (as part of a Strategy or otherwise) are entered exclusively between yourself and the applicable Network (or any smart contract operated by such Network), and never between yourself and us. Any Transaction will be subject to the applicable terms and conditions of the applicable Network, and by entering into any Transaction you agree and acknowledge that you have read, understood, and agree to be bound by such terms.
- You further agree and acknowledge that at no point will Weave Protocol gain access to your Compatible Wallet or to your assets in any way; we will not be able to reverse any payment or transaction made in connection with any Transaction, or retrieve any funds lost as a result thereof.
Weave will never ask for the private keys to your Compatible Wallet or any passcode or other credentials to any of your accounts, wallets or addresses, and you must not provide any such sensitive information to any person asking for it.
- To complete any Transaction you must have sufficient assets in your Compatible Wallet, as required by the applicable Network (including any gas or any other fees charged by a Network or the underlying blockchain).
- COPY USERS
- The Site provides users with access to Strategies which they may elect to copy. Users may access an overview of a Strategy which may include an algorithmically created assessment of the Strategy based on a range of parameters. Users may also rate different Strategies. Any information provided through the Site in relation to any Strategy is for general informational purposes only, is not advice as to the merits of a Strategy and does not take into account the specific circumstances of any User. Users should be aware that we are not responsible for the ratings other Users give to any Strategy or any description of a Strategy provided by any User. You acknowledge and agree that you are solely responsible for determining the nature and suitability of a Strategy in light of your own circumstances and financial resources and goals.
- To copy a Strategy, Users will require a Compatible Wallet which must be connected to the Application. Once you select a Strategy to copy, the relevant assets in your Compatible Wallet will be linked to a vault which acts as a smart contract and will allow you to automatically copy your selected Strategy from your Compatible Wallet.
- PRO USERS
- Pro Users acknowledge that the Site may provide other Users with access to information on their Strategy for general informational purposes including through an algorithmically created assessment of the Strategy and that other users may rate their Strategy. Pro Users acknowledge that we are not responsible or liable for the content of such information. Pro Users are responsible for their Strategy and any information they make available in relation to it.
- To create a Strategy, Pro Users will require a Compatible Wallet which must be connected to the Application. Pro Users who share their Strategy will be eligible to receive a share of the fees generated from Copy Users copying their Strategy as outlined in the White Paper. We retain the right to amend the eligibility criteria and terms of Pro User fee sharing arrangements in our sole discretion from time to time.
- Pro Users are expressly prohibited from using the Site to create a Strategy which includes a security token of any kind and acknowledge that doing so may constitute a breach by them of applicable securities laws and of these Terms, and the User shall be responsible for any damages or claims being made against us in connection with such a breach.
- WEAVE TOKEN
- The Weave Token is the native utility token of the Weave Protocol. We reserve the right to vary or discontinue the parameters for and/or distribution of Weave Tokens in our sole and absolute discretion.
- The Weave Token may be staked by Users. To participate, users must link their Compatible Wallet to the Weave Token staking vault. During the period you stake your Weave Tokens, you remain the lawful and beneficial owner of them, however, you will not be able to withdraw, trade or perform any transactions with them for as long as you continue to stake them.
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- Weave Tokens are not offered or sold as an investment instrument, are not registered with or regulated by any securities regulator in any jurisdiction, and do not offer their holder any government-backed protection or any insurance against loss. Weave Tokens are not backed by any asset (including by any fiat currencies) and their price is determined solely by market supply and demand. Weave Tokens do not represent any claim against us, and are not redeemable for money or any other value or asset. By buying, holding or using any Weave Token, you represent that you have read and understood the “Risks” section at Section 11 below, as it applies to Weave Tokens.
- The sole functionalities of the Weave Tokens are those offered on the Site from time to time, which may include the payment of fees for using the Site (including to copy Strategies) and the receipt of commissions by Pro Users, as well as other benefits we may offer on the Site (which we may change or suspend at any time and without notice). You are not advised to make (or attempt to make) any other use f the Weave Tokens, or to accumulate Weave Tokens for any other purpose.
- We do not make any representations whatsoever in connection with any future value, use-case, feature or benefits of the Weave Tokens, or the Weave Protocol. Anything we may say to that extent expresses our mere plans or expectations at the relevant time, and there are no guarantees that such plans shall materialize as expected, or at all.
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- REPS
By using the Site or any of the Services, you represent and warrant to us that:
- You are able and authorised to form a legally binding contract online either as an individual or on behalf of a legal entity. You are at least 18 years old or the age of majority where you reside, whichever is older, can form a legally binding contract online, and have the full, right, power and authority to enter into and to comply with the obligations under these Terms. If you are agreeing to these Terms on behalf of a legal entity, you further represent that you have the legal authority to bind the company or other legal entity to these Terms.
- You (and if you are accepting these Terms on behalf of a legal entity, also such legal entity and each of its shareholders, beneficiaries, officers and directors) are not:
- located in, resident in or incorporated under the laws of Iran, Syria, Lebanon, the Republic of Sudan, Cuba, Crimea or North Korea, or any other country which is (or after the effective date of these Terms becomes) subject to comprehensive, country-wide or territory-wide sanctions laws, regulations, embargoes or restrictive measures (the “Sanctions”), as amended from time to time, administered, enacted or enforced by: the United Nations, the United States of America, the European Union or any Member State thereof, the United Kingdom or the respective governmental authorities of any of the foregoing, responsible for administering, enacting or enforcing Sanctions, including without limitation, OFAC, the US Department of State or the United Kingdom Treasury (the “Sanctions Authority”).
- located in, resident in or incorporated under the laws of any country or territory that has been designated as non-cooperative with international anti-money laundering principles or procedures by an intergovernmental group or organization, such as the Financial Action Task Force on Money Laundering (“FATF”).
- a target of any individual Sanctions or listed on any of the following lists (each a “Sanctions List”): the Consolidated United Nations Security Council Sanctions List; the Specially Designated Nationals and Blocked Persons List or the Sectoral Sanctions Identification List maintained by the US Office of Foreign Assets Control (OFAC); the Consolidated List of Persons, Groups and Entities subject to EU Financial Sanctions; the Consolidated List of Financial Sanctions Targets or List of persons subject to restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine, maintained by the United Kingdom Treasury or any similar list maintained by, or public announcement of sanctions made by, any other Sanctions Authority.
(Any person or entity who meets any of the criteria listed in items (i)-(iii) above, herein a “Restricted Person“)
- Your use of the Site and any Services shall always be in full compliance with the laws and regulations applicable to you based on your nationality, residency and current location.
- You will not use the Site or any Services using a virtual private network (VPN) or any other privacy or anonymization tools or techniques to circumvent, or attempt to circumvent, any restrictions that apply to your access or use of the Site or Services.
- INFORMATION ON SITE
- The content and materials available on or through the Site, including details on any Strategy (the “Information“) are for informational purposes only, should not be relied upon by you for the purpose of making any investment or other decisions and are not intended to address individual requirements or risk appetites. In particular, the Information does not constitute any form of advice or recommendation by us and should not be regarded as financial, investment or other advice or a recommendation or endorsement by us. The Information does not constitute an offer, solicitation, invitation or recommendation to make any financial decision, enter into any investments, buy or sell any securities or any other financial instruments, enter into any transaction or utilise any services, to anyone in any jurisdiction. You should check the suitability, adequacy and appropriateness of the Application, the Services, and any Transaction for your personal circumstances, and it is your sole decision whether to obtain or refrain from obtaining or using it. If you are in any doubt as to the suitability, adequacy or appropriateness of the Application or any Strategy or Transaction, you should seek independent professional advice before making any decision to use the Application or any Strategy or Transaction
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- Nothing on the Site constitutes or should be construed to constitute:
- an offer, advice, invitation or solicitation to buy or sell any investments or securities, futures, options or other financial instruments
- an invitation or inducement to engage in investment activity or a financial promotion of any kind; or
- investment advice or recommendation.
- Whilst the Information, including information relating to any Strategy, is made available in good faith, it may not be complete or accurate. This Site and the Information is provided on an “as is” basis and we may not, and have no obligation to, update the Information or correct any inaccuracy which subsequently becomes apparent. The Information and/or opinions and estimates comprised in the Information may be changed or be withdrawn without notice and may become outdated. You, therefore, should verify any information or other material obtained through the Site before you use it. If you use the Information, you do so at your own risk.
- USER CONTENT
- When you post or publish any content to the Site (“User Content“) you must:
- make sure that the intellectual property in all User Content you post belongs to you or that you have a right to post that information without violating or infringing the intellectual property of any third parties.
- Not make any derogatory remarks regarding, defame or otherwise criticise any person or entity.
- Not post, disclose or in any way attempt to obtain, any personal information of any person.
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- Not provide any advice (including financial, legal, tax or other form of advice) or any other financial services.
- Offer, promote or advertise any business, goods or services, offered by you or any other person.
- Not make any political statements.
- Not provide any false, inaccurate or misleading information.
- Not portray any investment, Transaction or Strategy as “low-risk” or “risk-free”.
- Not publish any content which is or could be abusive, shaming, disrespectful, inciteful, defamatory, harassing, insulting, sexually explicit, offensive, racist, rude, hateful, threatening, violent, or illegal.
- You shall be solely liable for any damages resulting from any violation of Section 9.1 above, and you agree to fully reimburse us and our officers, directors, employees and shareholders against any and all damages and legal actions taken or brough in connection with any User Content published by you.
- We may, in our sole and complete discretion, remove any User Content (or part thereof) which we believe violates Section 9.1 in any way, with or without notice to you. Such removed User Content may not be backed up or restorable.
- We will not be held responsible for any User Content lost, removed or deleted from the Site for whatever reason (including technical reasons).
- By posting any User Content, you explicitly grant us a non-exclusive, irrevocable, transferable, sub-licensable, royalty-free, worldwide license to use, copy, duplicate store, present and/or publish all or any part of such content, and we shall be free to use such content, in any manner or media whatsoever, on an unrestricted basis and without any attribution or royalties or other compensation to you.
- ACCESS TO THE SITE
- Access to the Site is provided “as is” and on an “as available” basis only. We do not guarantee that the Site, any of the Services, or any Information, will always be available or uninterrupted. From time to time, access may be interrupted, suspended or restricted, including because of a fault, error or unforeseen circumstances or because we are carrying out planned or unplanned maintenance. We reserve the right to limit the availability of the Site to any person, geographic area or jurisdiction we so desire and/or to terminate your access to and use of the Site, at any time and in our sole discretion with or without cause.
- We may suspend or disable your access to the Site if we consider it reasonable to do so.
- We may remove or amend the content of the Site at any time. However, some of the content may be out of date at any given time and we are under no obligation to update it. We do not guarantee that the Site, or any content on it, will be free from errors or omissions.
- RESTRICTIONS ON USE
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- The laws and regulations of the country in which you reside or from which you access the Site may include restrictions on the distribution of the Information or your use of any of the Services or access to any Transactions. It is your sole responsibility to ensure that any action you take in connection with the Site and the Weave Protocol is always in compliance with the laws and regulations applicable to you (the “Applicable Laws“), and by making use of any of the Services you represent and warrant to us that such use is in full compliance with Applicable Laws.
- The Site is not directed at or intended for distribution to or use by any person or entity in any jurisdiction where (by reason of that jurisdiction’s applicable securities or other laws, person’s nationality, residence or otherwise) such distribution, publication, availability or use of the Site, the Application or any Information would be contrary to applicable law or regulation. If you are such a person or entity, you are not authorised to access the Site.
- If you are uncertain about your position under the Applicable Laws, then you should seek clarification by obtaining legal advice from a lawyer practicing in the country of your residence or in the country in which you are viewing the Site before accessing it.
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- Users are expressly prohibited from using the Site for any Strategy or Transaction which includes any form of security token. Users undertake to ensure compliance with this provision and acknowledge that a failure to do so may result in a breach of applicable securities laws for which they are solely liable.
- As a condition to accessing or using the Site or the Application (except as expressly authorized by us), you agree that you will not (a) duplicate or reproduce any part of the Site or the Application or its content; (b) create any derivative works based on or using the Site or the Application or its content, and you agree and stipulate that any and all derivative works are NOT “fair use”; (c) use the Site or the Application or its content for any public display, public performance, sale or rental, and you hereby agree and stipulate that any and all such uses are NOT “fair use”; (d) use any content to develop, create, register, list, trade, clear, or settle any investment product or financial product of any kind; (e) knowingly or recklessly use and/or take advantage of a technical or technological error, loophole or glitch in the Site, the Application or any services; (f) re-distribute any content of the Site or the Application, and you hereby agree and stipulate that any and all such uses is NOT “fair use”; (g) remove any copyright or other proprietary notices from the Site or the Application or, falsify or delete any author attributions, legal or other proper notices or labels of the origin or source material that is uploaded or otherwise provided by you; (h) frame or utilize any framing techniques in connection with the Site or the Application or content; (i) translate, reverse-engineer, decompile or disassemble the Site or the Application or the content; (j) use any meta-tags, pay-per-click advertising, or any other “hidden text” using our name or marks, and you hereby stipulate that any such use is an infringement upon our trademark rights, and you agree to indemnify us for any loss and damage that will be suffered by us as a result of such infringement, plus you agree to pay any and all fees incurred in the recovery of this amount, including legal fees and all associated costs; (k) “Deep-link” or hard-link to any part of the Site or the Application, or avoid accepting acknowledgement of these Terms; (l) use any data mining, bots, scrapers or similar data gathering and extraction tools through the Site or the Application; (m) sell, rent, lease, license, sublicense, transfer, distribute, re-transmit, time-share, use as a service bureau or otherwise assign to any third party the content of the Site or the Application; (n) use any content on the Site or the Application in any manner that infringes any copyright, trademark, patent, trade secret, publicity or other proprietary right of any party; (o) upload or attempt to upload files that contain viruses, trojan horses, worms, time bombs, cancelbots, corrupted files, or any other malicious software or programs that may damage the operation of the Site; (p) upload, post, email or otherwise transmit to us or to other Users any submission that you do not have a right to transmit under contractual, fiduciary or other relationships (such as inside information, trade secrets, proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements); (q) upload, post, email or otherwise transmit any unsolicited or unauthorized advertising, promotional materials, “junk mail,” “spam,” “chain letters,” “pyramid schemes,” or any other form of solicitation; (r) restrict or inhibit any other person from using and enjoying the Site or the Application; (s) harvest or otherwise collect information about other Users or any other person, including email addresses or other personally-identifiable information; (t) violate any applicable laws, regulations or these Terms; (u) upload, post, email or otherwise transmit any material that is illegal, immoral, obscene or defamatory of any person; (v) use any automatic device or manual process to monitor or reproduce the Site or the Application or the content, and not use any device, software, computer code, or virus to interfere or attempt to disrupt or damage the Site or the Application; (w) do anything that may adversely affect proper operation of the Site or the Application or our reputation and goodwill; (x) Violate any applicable law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws and any relevant and applicable privacy and data collection laws, in each case as may be amended; (y) use the Site or the Application for any purpose that is unlawful or (z) attempt to do any of the acts described in this section or assist or permit any person in engaging in any of the acts described in this section.
- As a condition to accessing or using the Site or the Application you represent and warrant to us that you (a) will only use the Site or the Application for lawful purposes and in accordance with these Terms; (b) will ensure that all information that you provide on the Site is current, complete, and accurate; and (c) will maintain the security and confidentiality of access to your Compatible Wallet.
- RISKS
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- By using the Site, the Application and any Services you represent that you: (a) have read and understood the risk factors enumerated below; (b) understand that these do not include all of the risks involved; (c) are familiar with and understand any additional risk factors that may apply to you, to your use of any Services and to any particular Transaction you enter; and (d) you are able and willing to assume all such risks, including the risk of losing your entire investment or holdings. You assume full responsibility for any loss or damages that you may incur from any use you make of the Services or any Information provided.
- Below we provide a short list of the risks involved – note that these are not all of the risks, and you are solely responsible to familiarize yourself with all the risk factors applicable to you and/or to a particular asset, Transaction or Strategy before making any decisions:
- Crypto assets are often unregulated, and do not provide their holders with the same legal protections provided to holders of fiat currencies or traditional investments. Particularly, they are not deposits and do not benefit from any form of deposit protection scheme or other government compensation in case of loss which might be applicable to regulated investment products.
- Crypto assets are generally not legal tender and are not backed by a central bank, government or legal entity.
- Crypto assets are highly volatile, and can decline in value or even lose their entire value within short periods of time, for various reasons or no reason at all.
- The existence of an active marketplace and sufficient liquidity for crypto currencies are not guaranteed, and accordingly you may not be able to sell them at their fair value, or at all.
- Many jurisdiction and financial institutions ay impose limitations or restrictions on the receipt or use of proceeds originating from transactions in crypto assets, which means you may encounter hardships or be unable to convert your assets into fiat currencies.
- Crypto asset payments typically are irreversible. Assets stolen, unlawfully gotten or erroneously transferred might be irrevocably lost.
- Crypto assets are susceptible to fraud, hacks, theft and attacks.
- Projects, issuers, exchanges and custodians, including the Networks, are susceptible to failure, bankruptcy, fraud, hacks, theft and attacks, which may result in them not being able to fulfill their obligations, including to return your assets to you.
- Loss of private keys or hardware wallets may result in irrevocable loss of your assets; anyone with access to your private keys or hardware wallets has access to your assets.
- Transactions in crypto assets rely on distributed ledger or “blockchain” technology and smart contract coding. Blockchain is an emerging technology that offers new capabilities which are not fully proven in use. As with other new software products, the computer code underpinning the blockchains and smart contracts may contain errors, or function in unexpected ways. Insufficient testing of smart contract code, as well as the use of external code libraries, may cause the software to break or function incorrectly. Any error or unexpected functionality may result in a reduced level of utility which may cause inter alia a reduction in liquidity with respect to any crypto asset and a decline in value of the assets. An error or bug in the code of a smart contract may fundamentally alter its functionality or otherwise result in total loss of assets or their value.
- The Application utilizes open source technology. Because of the nature of open-source software, it may be easier for third parties to introduce weaknesses or bugs into the core infrastructure elements of the blockchain network. This could result in the corruption of the open-source code which may result in the loss or theft of assets.
- Failure by Users to properly secure login information associated with their Compatible Wallet or the Application may result in any third party gaining access and may result in a misappropriation or theft of User’s assets.
- The development of blockchain networks is a new and rapidly evolving industry that is subject to a high degree of uncertainty. Factors affecting the further development of the blockchain industry include: continued worldwide growth in the adoption and use of blockchain networks and crypto assets; the maintenance and development of the open-source software protocol of blockchain networks; changes in consumer demographics and public tastes and preferences; the popularity or acceptance of blockchain networks; the availability and popularity of other forms or methods of buying and selling goods and services, including new means of using fiat currencies; government and quasi-government regulation of blockchain networks and crypto assets, including any restrictions on access, operation and use of blockchain networks and crypto assets; and the general economic environment and conditions relating to blockchain networks and crypto assets. A negative trend in any of the above factors could have a material adverse impact on any crypto assets held by Users and the continued availability of the Application.
- Regulatory regimes governing crypto assets and crypto asset providers are currently undeveloped and likely to evolve rapidly. Regulatory treatment of crypto assets and related services and transactions may vary significantly among jurisdictions, which may subject participants in the blockchain trading marketplace to different and perhaps contradictory requirements. Regulatory changes may have a material and negative impact on the value, liquidity and transferability of crypto assets and the ability to make available technology such as the Application.
- Due to the new and evolving nature of digital and blockchain assets, the treatment of crypto assets for taxation purposes may be uncertain and may vary between jurisdictions. Prior to using the Application, you should seek your own tax advice in connection with the consequences of holding crypto assets and determine and assess any potential adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
- DISCLAIMER OF WARRANTY
- Express Disclaimer of Liability: By accessing the Site or using the Application you expressly acknowledge and agree that:
- Such use of the Site or the Application and Information is at your own and sole risk;
- Any material and/or data downloaded or otherwise obtained through the use of the Site or the Application and any content is done at your own discretion and risk, and you are solely responsible for any damage to your computer system or loss of data that results from the download of such material and/or data;
- The Site and all content contained therein are, to the fullest extent permitted by applicable law, provided “as is” without warranty of any kind, either express or implied;
- We make no representations or warranties that the Site, the Application, the Smart Contracts and any content will be uninterrupted, timely, secure, or error-free; nor do we make any representations or warranties as to the quality, suitability, truth, usefulness, accuracy, or completeness of the Site, the Application or the Weave Protocol, or any part or component thereof;
- We make no warranty, express or implied, regarding the merits or otherwise of any Strategy, product or service discussed on the Site or any content relating thereto;
- To the fullest extent permitted by law, we make no warranty, express or implied, regarding the availability of the Site or the Application, and shall have no liability for any loss or damage arising from downtime;
- No Implied Warranties: The warranties and representations expressly set forth in the Terms are the only warranties and representations made by us with respect to these Terms, the Site, its content, the Application and the Weave Protocol, and all other warranties, written or oral, express or implied, that may arise either by agreement between you and us or by operation of law or otherwise, are excluded to the fullest extent permitted by applicable laws.
- INDEMNIFICATION AND RELEASE
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- Indemnification
To the maximum extent permitted by applicable law, you agree to defend, indemnify, and hold harmless us and each of our officers, directors, shareholders, members, partners, legal counsel, employees, independent contractors, telecommunication providers, and agents (collectively, the “Indemnified Parties”), from and against any and all claims (including third-party claims), actions, loss, liabilities, expenses, costs, or demands, including, without limitation, legal and accounting fees (collectively, “Losses”), directly or indirectly, resulting from or by reason of (i) your (or you under another person’s authority) use, misuse, or inability to use the Site, the Application or any content thereon; (ii) any regulatory inquiry, legal action, litigation, dispute or investigation related to your use of the Site or the Application; or (iii) your breach of these Terms.
- Release
By using the Site, the Application and any Services you expressly waive and release us from any and all liability, claims, causes of action, or damages arising from or in any way related to your use of the Site, the Application, any of the Services and any Transaction.
To the maximum extent permitted by applicable law, you hereby discharge, acquit, and otherwise release the Indemnified Parties, from any and all allegations, counts, charges, debts, causes of action, claims and Losses, relating in any way to the use of the Application, the Site or any content thereon. Your access to and use of the Site and the Application is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Site.
- LIMITATION OF LIABILITY
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- Limitation
To the fullest extent permitted by law, in no event shall we be liable to you, or any other third party, for any direct, special, indirect, incidental, consequential, exemplary, or punitive damages, including without limitation, damages for loss of profits, loss of information, business interruption, loss of revenue, or loss of goodwill, which may arise from any person’s use, misuse, or inability to use the Site or its content or the Application whether due to inaccuracy, error, omission or any other cause and whether on the part of us , our employees, officers, agents or any other person, including any loss caused in whole or in part by any inaccuracies, incompleteness even if we have been advised of the probability of such damages and regardless of whether such liability is asserted on the basis of contract, tort or otherwise. We will not be liable for any damage or interruptions caused by any computer viruses, spyware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack. You are responsible for maintaining the security of your environment, including regular use of malware screening and prevention software. You should also be aware that email and other communication services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from us.
- Statutory or other Rights
Nothing in this clause shall affect any statutory rights or other rights which cannot be excluded under applicable law.
- LINKS AND LINKING
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- Third Party Links
We may provide, on the Site, links to websites operated by third parties as a convenience to you. If you use these other sites, you will leave the Site. If you decide to visit any linked site, you do so at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements. We make no representations, warranties or guarantees of any kind about any of the content of any other website which you may access by hypertext link through the Site. When you access any other website by means of a link from the Site, you should understand that your access to that other website is independent of us and we have no control over the content of the website, nor do we in any way endorse or approve the content of that website. In no event will we in any way be liable to you or any other person(s) or organisation(s) for loss or damage (whether direct, indirect, consequential, special or other) for any use of any site linked to it by means of hypertext or otherwise.
- No Liability; Indemnification
To the fullest extent permitted by applicable laws, you acknowledge and agree that we shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by, or in connection with use of or reliance on, any such third-party content, products or services available on or through any such website or resource. If you decide to access any such third-party website, you do so entirely at your own risk and subject to any terms and conditions and privacy policies posted therein. You hereby agree to defend and hold harmless each of the Indemnified Parties from and against any and all Losses that may result from your use of links that may appear on the Site.
- INTELLECTUAL PROPERTY
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- Copyright
The content accessible from the Site is our proprietary information and valuable intellectual property and we retain all right, title, and interest in such content. No rights, title or interest in any such content are transferred to you by reason of the access to the Site. All content on the Site, such as text, graphics, photographs, video and audio clips, music, soundtracks, button icons, streaming data, animation, images, downloadable materials, data compilations and software are our property or its content suppliers and are protected by copyright laws as well as other laws and regulations.
- Trademarks
None of the marks, logos, domains, and trademarks that you find on the Site or any content thereon may be used publicly except with our express written permission and may not be used in any manner that is likely to cause confusion among consumers, or in any manner that disparages or discredits us.
- Other Marks
Other manufacturers’ product and service names referenced on the Site or its content may be trademarks and service marks of their respective companies and are the exclusive property of such respective owners and may not be used publicly without the express written consent of the owners and/or holders of such trademarks and service marks. You acknowledge and agree that we either own or have been authorized by relevant third-party intellectual property owners to use the trademarks, copyright, patents, design and intellectual property of any nature and form found on the Site.
- TERMINATION
Without limiting other remedies that may be available to us, we reserve the right, in our sole and absolute discretion to block your access to block your access to the Site or the Application, at any time, with or without advance notice. You agree that if your access is terminated by us, you will not attempt to regain access to the Website without our prior written consent.
- GOVERNING LAW AND ARBITRATION
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- If a dispute arises between you and us (as the parties to these Terms) arising out of or otherwise relating to the Terms, the parties shall negotiate in good faith to attempt to resolve the dispute. If the parties are unable to resolve the dispute through direct negotiations, then, except as otherwise provided herein, any such dispute arising out of or in connection with this Agreement, including any question regarding the existence, validity or termination of an agreement pursuant to these Terms, (a “Dispute”) shall be referred to and finally resolved by arbitration under the Arbitration Rules of the London Court of International Arbitration (“LCIA”), which are deemed to be incorporated by reference into these Terms. The tribunal shall consist of a sole arbitrator, unless the LCIA determines that, in view of all the circumstances of the case, a three-member tribunal is appropriate. The place and seat of the arbitration shall be London, England. The language to be used in the arbitration proceedings will be English. The decision of the arbitrator(s) will be final, binding and enforceable against you and us, and a judgment upon any award rendered by the arbitrators may be entered in any court having jurisdiction. In no event will the arbitrators have the authority to make any award that provides for punitive or exemplary damages. Each party shall bear its own costs in relation to such arbitration.
- The parties agree to keep confidential all matters relating to the arbitration, including related court proceedings, to the greatest extent practicable. For purposes of this arbitration provision, references to the parties also include respective subsidiaries, affiliates, agents, contractors, employees, predecessors, successors and assigns.
- Nothing in this clause shall be construed as preventing either party from seeking conservatory or similar interim relief in any court of competent jurisdiction.
- Subject to paragraph 18.5, there shall be no waiver of the right to arbitration unless such waiver is provided affirmatively and in writing by the waiving party to the other party. There shall be no implied waiver of this right to arbitration. No acts, including the filing of litigation, shall be construed as a waiver or a repudiation of the right to arbitrate.
- At any time before the appointment of an arbitrator to resolve any Dispute(s), we, at our sole option, may elect, by notice in writing to the other party, that such Dispute(s) shall instead be heard by the courts of England or by any other court of competent jurisdiction. Following such election, no arbitral tribunal shall have any jurisdiction in respect of such dispute(s) and the parties irrevocably submit to the jurisdiction of the courts for such purposes. Nothing in this clause shall (or shall be construed so as to) limit our right to bring proceedings (“Proceedings”) for the determination of any Dispute(s) in any other court of competent jurisdiction, nor shall the bringing of such Proceedings in any one or more jurisdictions preclude the bringing of Proceedings by us in any other jurisdiction (whether or not concurrently or not) if and to the extent permitted by law.
- RIGHT TO INJUNCTIVE RELIEF
You agree that due to the nature of our business, monetary damages for a breach of your obligations under these Terms would be inadequate to compensate us. Accordingly, you agree and understand that any violation or threatened violation by you of your obligations under this Agreement will cause irreparable injury to us and that, in addition to any other remedies that may be available, in law, in equity or otherwise, we will be entitled to obtain injunctive relief against any threatened breach of these Terms or the continuation of such breach without the necessity of proving actual damages.
- MISCELLANEOUS PROVISIONS
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- Severability
If for any reason a court of competent jurisdiction finds any provision of these Terms, or any portion thereof, to be invalid, unenforceable or illegal, such invalidity, unenforceability or illegality shall not affect the remainder of these Terms, which will continue to be in full force and effect, and any prior, effective provision of these Terms that was superseded by such invalid, unenforceable or illegal provision shall be deemed valid and enforceable to the fullest extent.
- No Waiver
No waiver or action made by us shall be deemed a waiver of any subsequent default of the same provision of these Terms. No failure or delay in exercising or enforcing any privilege, right, remedy, or power hereunder shall be deemed a waiver of such provision by us. All waivers must be in writing.
- No Rights for Third Parties
These Terms do not give rise to any rights or claims to any third parties who are not a party to these Terms.
- Delay in Enforcement
Even if we delay in enforcing term of these Terms, we can still enforce it later. If we do not insist immediately that you do anything you are required to do under these Terms, or if we delay in taking steps against you in respect of your breaking these Terms, that will not mean that you do not have to do those things and it will not prevent us taking steps against you at a later date.
- Entire Agreement
These Terms constitute the entire agreement between the parties with respect to your access and use of the Site and the materials contained therein. These Terms supersedes and replaces all prior understandings or agreements, written or oral, regarding such subject matter. Contact Us Should you have any question about these Terms, or wish to contact us for any reason whatsoever, please do so by sending us an email at hello@weave.financial.