Last updated: January 11th, 2023
Thank you for using the Flair smart contracts, APIs, software development kits (“SDKs”), web-based development tools and downloadable software (collectively, the “Software”), which is developed and made available by VENDORA PTE. LTD. (the “Company”). These Terms of Service (“Agreement”) govern your use of the Software. You and the Company are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.
Please read this Agreement carefully, as it (among other things) provides in Section 13 that you and the Company will arbitrate certain claims instead of going to court and that you will not bring class action claims against the Company. Please only use the Software if you agree to be legally bound by all terms and conditions herein. Your access, download or use of the Software constitutes your agreement to be bound by all terms and conditions of this Agreement. If you do not agree with any aspect of this Agreement, do not download, link your crypto wallet to, or otherwise use the Software.
Note for Children: Use of the Software by anyone under the age of 13 is prohibited. By accessing, downloading or using the Software, you represent and warrant that are you at least 13 years of age.
Use of Software
License. The Software consists of a set of web-based development tools and downloadable software (including smart contracts, APIs and SDKS) that allows you to create blockchain-based applications and cryptographic tokens, such as non-fungible tokens, smart contracts, decentralized autonomous organizations and token marketplaces. Deployment of such applications and tokens will result in incorporation of Company’s then-current smart contract therein which may cause the Company to automatically receive a commission from transactions undertaken in respect of such applications and tokens. Subject to all terms and conditions of this Agreement, Company hereby grants you during the term of this Agreement a non-exclusive, non-transferable, limited license, with no right to grant sublicenses, to: (i) access and use the Software through a compatible web browser to the extent it is made available by the Company through a website; (ii) download, install and use the Software to the extent it is made available for download by the Company; and (iii) to the extent use of the Software results in any portion of the Software being integrated within an application or token you create through use of the Software, redistribute such portion of the Software, solely as part of such application or token, in each case of the foregoing (i) through (iii) solely in the manner made available and enabled by the Company and solely in accordance with all applicable documentation that the Company makes available from time to time. The specific capabilities, features, patches, updates and functionality of the Software are subject to change from time to time in the sole discretion of the Company and without any requirement of prior notice. In addition, you acknowledge that the Company may suspend or discontinue the Software or your ability to access it, in whole or in part, for any or no reason and without any requirement of prior notice.
Token Content. The Software may allow you to create non-fungible and fungible tokens. With respect to any text, images, videos, animations, works of authorship or other content and materials of any kind which you upload, use or submit to the Software in connection with creating tokens (“Content”), you represent and warrant that you either own or have all rights and licenses necessary with respect to such Content such that your use of the Content in connection with the Software will not result in any claim of infringement, misappropriation or other violation of any intellectual property rights, rights of privacy, rights of publicity or other rights of any third party. Other than as set forth in Section 1.3 below, you are solely responsible for determining the contents of any smart contract associated with any application or token you create, including with respect to the intellectual property rights that you choose to assign or license to any transferee of any token. You represent and warrant that you will not make any representations or warranties relating to the Company or the Software in connection with any applications or tokens you create through use of the Software.
Legal Compliance. You acknowledge that activities undertaken in connection your use of the Software and tokens and applications you create through use of the Software, including without limitation transacting in tokens or making available a marketplace allowing for the transaction of tokens, may be regulated by federal, state and local laws, rules and regulations, including without limitation the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. You are solely responsible for complying with, and agree to comply with, all laws, rules and regulations applicable to your use of the Software and any exploitation of any tokens and applications you create through such use. Without limiting the generality of the foregoing, you will not use the Software to create any token that may constitute a security under applicable law. You agree not to access, download or use the Software from any country in which such access, download or use is prohibited by applicable law. You hereby represent and warrant that you are not (i) located in, and will not use the Software in, a jurisdiction that is subject to United States economic sanctions, including Cuba, Iran, North Korea, Sudan, Syria, the Crimea region, the Luhansk region, the Donetsk region and Russian Federation (ii) a person listed on any U.S. Government blacklist (which includes the List of Specially Designated Nationals and blocked persons, the Consolidated Sanctions List administered by OFAC, and the Denied Persons List or Entity List administered by the U.S. Department of Commerce) (“Sanctioned Person”), or (iii) controlled or owned by a Sanctioned Person.
Assumption of Risk. You acknowledge that cryptographic and decentralized computing technologies are evolving rapidly, and that the risks associated with deploying, transacting on and otherwise using such technologies may not be fully known and are also rapidly evolving, and you hereby assume all such risks, known and unknown, whether they currently exist or develop in the future. Your further agree that the Company and its affiliates, and its and their officers, directors, employees, shareholders, contractors, attorneys, advisers and agents shall have no liability in connection with the risks of using such technologies. Without limiting the generality of the foregoing, you hereby assume all risk associated with the potential unauthorized access to, or theft or loss of, any tokens you create in connection with use of the Software.
Third Party Properties. The Software may include features or functionality provided by, or that interoperate, with software and services developed, owned, controlled and/or operated by third parties (such software and services, collectively, “Third Party Properties”). Third Party Properties may include, without limitation, crypto wallets and NFT marketplaces. Third Parties Properties, the availability of related featured and functionality within the Software and the interoperability of the Software with Third Party Properties may be modified, suspended or terminated at any time and without prior notice. You agree that the Company shall have no liability with respect to any of the foregoing or with respect to any errors, defects, unavailability, security breaches or other adverse events relating to any Third Party Properties. You are solely responsible for ensuring, and agree to ensure, that your use of the Software in connection with any and all Third Party Properties complies with all policies, terms and rules applicable thereto.
Support. The Company is not obligated to provide you any support or assistance related to accessing, downloading, configuring, operating or upgrading the Software, diagnosing or resolving Software-related errors or other issues, answering Software-related questions or otherwise in connection with the Software. Company may, in its sole discretion decide to provide you such support or assistance, provided that the Company may discontinue such support or assistance at any time in its sole discretion for any reason or no reason, with or without notice. Further, the Company reserves the right to charge for support in the future in its sole discretion.
The Company’s most recent smart contract providing for commission payments to the Company (if any) will be incorporated in your applications and tokens created through use of the Software (“Code”) when you record such Code on a blockchain. For the avoidance of doubt, Code recorded on a blockchain at different points in time may be subject to different commission structures based on what smart contract the Company has in effect at such time. Such smart contracts will cause the Company to automatically receive a commission from all transactions undertaken in respect of such Code, by both all direct and indirect future sellers. The applicable commission structure which is determined by the Company in its sole discretion, is based on the time the Code is recorded on a blockchain and will be as displayed on https://flair.dev at such time.
You hereby consent that such commissions will be automatically deducted from the proceeds you or any subsequent seller would otherwise receive from such transactions. You agree not to attempt to delete, modify or otherwise tamper with such smart contract or otherwise take any action with the purpose or effect of adversely affecting the Company’s receipt of such commissions. You also agree to provide notice of and obtain consent to the foregoing from third parties you engage in any such transactions with and shall obligate such third parties to provide notice to and obtain consent from third parties that they engage in any such transactions with.
License to Company
You hereby grant the Company a worldwide, non-exclusive, fully paid-up, royalty-free, irrevocable, license to reproduce, modify, reformat, perform, display, transmit and otherwise use all Content submitted or provided to the Company in connection with your use of the Software in any manner that is necessary or desirable to provide the features and functionality of the Software. The aforementioned license will terminate with respect to any particular item of Content when you or the Company remove it from the Software, provided that you acknowledge that such licenses survive to the extent necessary for a copy of your Content to be retained by the Company.
Representations and Warranties
You represent, warrant and covenant to the Company, that: (a) you have the full power and authority to enter into this Agreement; (b) the execution of this Agreement and performance of its obligations under this Agreement does not violate any other agreement to which you are a party; and (c) this Agreement constitutes a legal, valid and binding obligation of such Party when executed and delivered. You also represent, warrant and covenant to Company that in connection with this Agreement or the Software, you will not attempt to: (i) violate any laws, rules or regulations or infringe or otherwise violate any third party rights; (ii) use the Software if the Company has banned or suspended you; or (iii) defraud the Company or any other person. Any potentially illegal activities undertaken in connection with the Software may be referred to any authorities deemed appropriate by the Company in its sole discretion.
Ownership and Restrictions
As between you and the Company, the Company owns all worldwide right, title and interest, including all intellectual property and other proprietary rights, in and to the Software and all usage and other data generated or collected by the Company in connection with the use thereof (the “Company Materials”). Except for as expressly set forth herein or as may be authorized pursuant to a separate license agreement between you and the Company, you agree not to: (i) make any unauthorized use of the Company Materials; or (ii) reverse engineer, decompile, disassemble or otherwise attempt to discover the source code, algorithm or programs underlying the Company Materials. The foregoing does not override any rights set forth pursuant to a separate open-source code license agreement agreed to in connection with any other distribution of all or part of the Software which may be made available by the Company in its sole discretion.
The Company reserves the right to modify or discontinue the Software or any version(s) thereof at any time in its sole discretion, with or without notice.
Third Party Sites
The Software may include advertisements or other links that to third party websites or other online services that are owned and operated by third parties. If you use such links, you will leave our website. You acknowledge and agree that the Company is not responsible and shall have no liability for the content of such third party sites and services, products or services made available through them, or any use of or interaction with such sites.
You agree not to use the Software in relation to any activities associated with or in connection to: (i) any violation of any law, rule or regulation (including without limitation those governing export control, consumer protection, unfair competition, anti-discrimination or false advertising); (ii) illegal or fraudulent goods or services, including, but not limited to, counterfeit goods, stolen goods, illegal or controlled substances, and substances that pose a risk to consumer safety, illegal online gambling / wagering, escort services, prostitution, pyramid schemes, unlicensed sale of firearms and certain weapons or any type of money laundering; or (iii) any business listed in here: https://stripe.com/en-gb-no/legal/restricted-businesses or (v) any activity that the Company deems, in its sole discretion, may be associated with a high level of risk, may create liability for the Company or may cause the Company to lose the services of any third party service providers. You may not use the Software in any manner that in the Company’s sole discretion could damage, disable, overburden, impair or interfere with any other party’s use of it. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available through the Software. You agree not to scrape any content from the Software or use any automated means to access, download or gather information from the Software other than such automated means which may be intentionally made available by the Company, and agree not to bypass any robot exclusion measures the Company may put into place.
Prohibited Use Cases
You agree not to use the Software in relation to any activities associated with or in connection to: (i) Allow more than one person or entity own, or have an interest in or right to; (ii) the NFT being sold Grant the holder a right to receive future payments unrelated to the sale of the NFT (i.e. similar to a dividend or a royalty); (iii) Grant the holder governance rights related to the issuer; (iv) Combine or embed fungible tokens (ie virtual currencies) or interest-bearing smart contracts Represents fractionalized ownership of real world assets; (v) Might be considered a regulated financial product or token (including, but not limited to, a security, investment, derivative or e-money) in the jurisdictions where the NFT will be offered; (vi) Can be used as a medium of exchange amongst the public as a payment or settlement for the price of goods or services, or settlement of a debt; (vii) Post NFTs as collateral for loans, lines of credit, or to access other traditional or decentralized financial applications; (viii) Buy NFTs on margin or credit
Use of certain features or materials on the Software, and participation in a particular promotion, event or contest through the Software, may be subject to additional terms and conditions posted on the Software. Such additional terms and conditions are hereby incorporated within this Agreement, and you agree to comply with such additional terms and conditions with respect to such use or participation.
You may terminate this Agreement at any time, without notice, for any reason or no reason, by promptly de-linking your crypto wallet from the Software, deleting all copies of the Software you may have downloaded and otherwise ceasing all use of the Software. You agree that the Company, in its sole discretion and for any or no reason, may terminate this Agreement or your use of the Software, at any time and without notice, in each case for any reason or no reason. The Company may also in its sole discretion and at any time discontinue providing the Software, or any part thereof, with or without notice and for any reason or no reason. You agree that the Company shall not be liable to you or any third-party for any such termination. Sections 1.2 through 1.6 and 2 through 14 (inclusive) will survive any termination of this Agreement.
Disclaimers; No Warranties
THE SOFTWARE AND ANY SOFTWARE CODE, DOCUMENTATION, INFORMATION OR OTHER MATERIALS MADE AVAILABLE IN CONJUNCTION WITH OR THROUGH THE SOFTWARE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, THE COMPANY AND ITS LICENSORS, SERVICE PROVIDERS AND PARTNERS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT OF PROPRIETARY RIGHTS. THE COMPANY AND ITS LICENSORS, SERVICE PROVIDERS AND PARTNERS DO NOT WARRANT THAT THE FEATURES AND FUNCTIONALITY OF THE SOFTWARE WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SOFTWARE OR THE SERVERS THAT MAKE AVAILABLE THE FEATURES AND FUNCTIONALITY THEREOF ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE FOREGOING DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MIGHT HAVE ADDITIONAL RIGHTS.
You agree to defend, indemnify and hold harmless Company and its affiliated companies, and its and their each of their officers, directors, employees, contractors, attorneys and agents, from and against any and all claims, losses, damages, liabilities, costs and expenses, including reasonable attorney’s fees (any of the foregoing, a “Claim”), arising out of or relating to your: (i) use or misuse of the Software, Content, entry into or performance of any transactions relating to any tokens or applications generated in connection with the Software, breach of this Agreement or infringement, misappropriation or violation of the intellectual property or other rights of any other person or entity, provided that the foregoing does not obligate you solely to the extent the Claim arises out of the Company’s willful misconduct or gross negligence; and (ii) any appearance, testimony, deposition, production or other involvement in any way by the Company or any of its affiliated companies , or any of its or their officers, directors, employees, contractors, attorneys or agents in connection with any legal proceeding in connection with which the Software or your use thereof is being directly or indirectly relied upon, referred to or otherwise used by any party to such proceeding. The Company reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify the Company and you agree to cooperate with the Company’s defense of these claims. You will not make any admission of liability or agree to any settlement in connection with any Claim without Company’s prior written consent, which shall not be unreasonably withheld.
Limitation of Liability and Damages
UNDER NO CIRCUMSTANCES, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, SHALL THE COMPANY OR ITS AFFILIATES, OR ITS AND THEIR CONTRACTORS, EMPLOYEES, OFFICERS, DIRECTORS, AGENTS, OR THIRD PARTY PARTNERS, LICENSORS OR SERVICE PROVIDERS, BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES THAT ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE SOFTWARE, INCLUDING YOUR USE THEREOF, OR ANY OTHER INTERACTIONS WITH THE COMPANY, EVEN IF THE COMPANY OR A COMPANY REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. APPLICABLE LAW MAY NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY, IN WHICH CASE THE COMPANY’S LIABILITY WILL BE LIMITED TO THE EXTENT PERMITTED BY LAW. IN NO EVENT SHALL THE TOTAL LIABILITY OF COMPANY OR ITS AFFILIATES, OR ITS AND THEIR CONTRACTORS, EMPLOYEES, OFFICERS, DIRECTORS, AGENTS, OR THIRD PARTY PARTNERS, LICENSORS OR SERVICE PROVIDERS TO YOU FOR ALL DAMAGES, LOSSES, AND CAUSES OF ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR YOUR USE OF THE SOFTWARE EXCEED FIFTY U.S. DOLLARS.
You agree that you are solely responsible for determining what, if any, taxes apply to your NFT transactions on the NFT flair Platform. Neither flair nor any other flair Party is responsible for determining the taxes that may apply to your NFT transactions.