Terms of Service
Terms of Service
These “Terms of Service” (“Agreement” or “Terms”) are between i.ls(by Ayor Limited), a corporation organized under the laws of Hong Kong SAR with offices at RM 22 2/F FU TAO BUILDING, NO.98 ARGYLE STREET MONGKOK, KOWLOON, HONG KONG SAR (“Ayor Limited”) and the person accepting these Terms (“User” or “You”) (jointly referred to as “the parties”). It is effective on the date You “Accept” these Terms electronically, either by explicit consent or by virtue of use of the i.ls (Ayor Limited websites) and content as described below.2. Purpose of Agreement; Site.
A “Token” is a digital identifier, typically a long string of numbers, letters, and characters sometimes referred to as a “hash”, that enables the owner of the Token to view, hear, or otherwise access specific Content associated with that identifier. The Token has technical attributes that enable uniqueness, security, authenticity, ownership, tracking, access, and association with contract terms issued by i.ls (“Smart Contract”). A Token does not contain a copy of Content. A Token digitally directs to Content residing in a secure computer network.4. User Account.
To receive Services through a Site, User must create an account with i.ls. By creating an account, each User represents and warrants to i.ls the following: (a) User is an individual who is at least eighteen (18) years of age; (b) all information provided in connection with User’s account is correct and complete; (c) User shall update information in his or her account so that information is always correct and complete; (d) his or her transactions involving Tokens will always take place either on a i.ls Site or via a digital ledger where records of the transaction are public, such as blockchain; (e) User shall not provide his or her account credentials (logins, passwords, or other means of access or authentication) to third parties; (f) only User shall conduct activity through User’s account; (g) User shall notify i.ls immediately of any suspected breach of security or unauthorized use of the account; (h) User shall not conduct any activity at a Site, or in connection with the Tokens purchased from i.ls, that violates any applicable Law (defined below); (i) User shall not transfer or assign their account.
Transactions to purchase Tokens on i.ls are processed in US dollars (USD). After User completes the process for purchasing access to specific Content, i.ls will “mint” the Token. Minting means that i.ls generates the link in the Token, attaches the Smart Contract, associates that Token with User, and provides User with the minted Token. Regardless of the price paid for any Token, User acknowledges that neither i.ls nor its Licensors make any promise that a Token has any intrinsic value or specific value or will have any specific value or intrinsic value.7. User Rights in Tokens.
In accordance with all terms of this Agreement, when User has purchased a Token, i.ls grants User the right to: (a) view Content associated with the Token; (b) share the link associated with the Token to enable third parties to view the Content; (c) gift, resell, or otherwise transfer ownership of the Token to any third party lawfully entitled to acquire it so long as such transfer complies with the provisions of this Agreement and all applicable laws; and (d) use another third party public blockchain as a ledger for ownership of a particular Token so long as such transfer complies with the provisions of this Agreement and all applicable laws. The rights granted above are in perpetuity, except as otherwise provided in this Agreement, and are subject to all provisions of this Agreement. User’s rights are limited to those expressly granted, and no rights shall be implied. At the time of purchase of the Token, the Content resides on a Site. If User wishes that a different third party host the Content, User is responsible for ensuring that the terms of service of such new host meet the needs of User and comply with the terms of this Agreement. Upon transfer of the Token by User, i.ls has no further liability to User for hosting the Content that is identified by the Token. Persons who purchase from User Tokens minted by i.ls, including their downstream purchasers, are entitled to the rights set forth in this Section and are subject to all terms of this Agreement. Upon User’s transfer of title to a Token, all licenses granted to User with respect to such Token shall terminate and shall confer to the downstream purchaser.8. Ownership of Rights in Content.
The Content remains the sole and exclusive property of i.ls or its Licensors (defined below). These retained rights include intellectual property and intangible rights, such as trademark, character rights, copyright, neighboring rights, graphic design, industrial design, rights of personality, rights of publicity, and the digital file constituting a copy of the Content. The purchaser of a Token acquires no ownership of the Content with which that Token is associated. User shall not alter, seek to avoid, or interfere with the technology embodying or linking to the Smart Contract associated with a Token.9. Limited Right to Commercialize Token; Contract Rights of Licensors.
In most cases, the Token links to Content that contains the intellectual property rights of third parties who have licensed such Content to i.ls (“Licensors”). Other than the right to sell the Token, User may not make any commercial use of the Content associated with a Token. This prohibition is intended to be interpreted broadly. User may not use the Content to suggest any affiliation, sponsorship, approval, endorsement, or other relationship between User and the subject matter of the Content or the owner/Licensor of the intellectual property rights in the Content. User shall not create any products, provide services, adopt as a social media handle, use as the name of a social media account, use as a trademark or trade name, or otherwise use or exploit any intellectual property associated with Content. User shall not display the Content in a context that may embarrass, or bring into disrepute, or enmesh in controversy, the Content or the owner of the intellectual property rights in the Content (by way of example, and without limitation, displaying the Content in connection with personal attacks, harassment, discrimination, pornography, cruelty, sex, guns, alcohol, hate speech, or politics). Some Licensors require, as a condition of User’s purchase of a Token that directs to Content licensed to i.ls by Licensor, that User also accept Licensor’s terms of service, or license agreement, or other contract terms in addition to these Terms (“Licensor Terms”). Licensor Terms are set by Licensor, are a contract between Licensor and User, and are enforceable by the Licensor. With respect to Tokens purchased from i.ls that relate to Content licensed to i.ls by a Licensor, in the event of any conflict between these Terms and Licensor Terms, the provisions of Licensor Terms shall control.10. Revenue Sharing Upon Resale of Token and Passes.
1. Resale of Tokens Other Than Passes. Other than the initial sale of a Token to User by i.ls, each subsequent sale of a Token originally minted by i.ls generates revenue that is shared between i.ls and the then-current owner of the Token (“Seller”) as follows: Ninety percent (97%) of Gross Sales Price paid by the buyer to User/Seller and ten percent (3%) of Gross Sales Price to i.ls. Gross Sales Price means the price paid by the buyer to Seller prior to any reduction for third party fees associated with the sale, such as transaction fees, processing fees, credit card fees, conversion fees, and platform fees (collectively, “Fees”). Seller shall be solely responsible for payment of all Fees. This revenue sharing obligation is part of the Smart Contract associated with the Token at the time of original purchase by User. It applies to all sales of a Token, in perpetuity. User hereby authorizes i.ls to process purchases of Tokens using the method of payment authorized by User and permitted by i.ls in its sole discretion, such as credit card, bank account, cryptocurrency, or such other method of purchase as i.ls may permit.
2. Revenue Sharing Upon Resale of Passes. For a limited time, i.ls will sell “Passes.” Passes are Tokens representing digital tickets to events and opportunities sponsored by i.ls. By way of example, a Pass may represent access to an early drop of new NFTs, a special collection, limited edition products, or exclusive offerings; a Pass may represent membership in a unique group, or the right to attend an event in the Metaverse, or any other opportunity created by i.ls and symbolized by the Pass. As with Tokens that represent branded Content, Passes are NFTs comprised of a Token, a Smart Contract, and the unique opportunity that is the subject of the specific Pass.
Purchasers of Passes are allowed to resell them in the same way as they may resell Tokens that represent branded Content. Other than the original sale of a Pass minted by i.ls, each subsequent sale of a Pass generates revenue that is shared as follows: ninety-five percent (95%) of the Gross Sales Price paid by the buyer becomes the property of the User/Seller, and five percent (5%) of the Gross Sales Price becomes the property of i.ls. i.ls, and not the User/Seller, is solely responsible for payment of third party fees associated with the sale, such as transaction fees, processing fees, credit card fees, conversion fees, community initiatives, and platform fees. These community initiatives will be communicated by i.ls on its platform, via social media, through its Discord channel, and other channels designed to reach its community.
This revenue sharing obligation is part of the Smart Contract associated with the Pass at the time of original purchase by User. It applies to all sales of a Pass, in perpetuity. User hereby authorizes i.ls to process purchases of Passes using the method of payment authorized by User and permitted by i.ls in its sole discretion, such as credit card, bank account, cryptocurrency, or such other method of purchase as i.ls may permit.11. Taxes.
i.ls provides a platform for Buyers and Sellers to transact with each other. For transactions in which a Seller sells to a Buyer through our platform, if you are a Buyer, you acknowledge that you are buying items from a third party, not i.ls. NFTs exist only by virtue of the ownership record maintained in the associated blockchain. Any transfers or sales occur on the associated blockchain. i.ls cannot affect or otherwise control the transfer of title or right in any NFTs or underlying or associated content or items. Where required by law, i.ls will collect and remit sales/use tax to the appropriate jurisdiction.
Neither i.ls nor any other i.ls Party is responsible for determining the withholding, income, sales, use, value-added, transfer or other taxes, together with any interest and penalties imposed with respect thereto (“Taxes”), that apply to your i.ls transactions. Other than applicable sales/use taxes that i.ls may be required to collect as a marketplace facilitator, you agree that you are solely responsible for determining what, if any, Taxes apply to your i.ls transactions and to withhold, collect, report and remit the correct amounts of Taxes to the appropriate taxing authorities. Unless otherwise indicated on an applicable invoice, any amounts due in respect of a i.ls transaction are exclusive of sale, use, value added or similar Taxes (“Sales Taxes”) which shall be your responsibility. Any payments with respect to your i.ls transactions shall be made without deduction or withholding for any Taxes, except as required by applicable law, including any applicable sales/use taxes. If any applicable law requires the deduction or withholding of any Tax (a “Withholding Tax”) from any such payment then the sum payable by you shall be increased as necessary so that after such deduction or withholding has been made the amount received is equal to the sum that would have been received had no such deduction or withholding been made. Upon our request, you agree to promptly provide a properly executed Internal Revenue Service to comply with our tax reporting obligations.12. Data.
i.ls represents and warrants that it has the right to sell the Tokens offered through the Sites in accordance with all terms of this Agreement, and that the Tokens sold to User shall conform to their written descriptions. User has ten (10) days after purchase of a Token to review the Token and ensure compliance with its applicable description. If User determines that a Token fails to conform, it shall notify i.ls in writing promptly, but in no event after such ten-day time period, after which the sale of the Token is irrevocable. The User may contact i.ls support concerning their potentially nonconforming Token by submitting a request to the Help Center located on the i.ls website.
In the event of a nonconforming Token, i.ls shall repair or replace the Token with a conforming Token or, in i.ls’s sole discretion, refund the purchase price of the Token. The foregoing is the sole and exclusive remedy available to User in the event of his or her purchase of nonconforming Tokens. Otherwise, i.ls provides, and User accepts the Site and the Tokens “AS IS,” WITH NO WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, AND INCLUDING (WITHOUT LIMITATION) ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. By way of example, i.ls does not represent or warrant that the Content will be accessible on sites not hosted by i.ls.14. Limitation of Liability for Damages.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL i.ls BE LIABLE TO USER FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, LOST PROFITS, BUSINESS INTERRUPTION LOSSES, OR LOSS OF DATA, RESULTING FROM THIS AGREEMENT, ACTIVITY AT THE SITES, OR ACTIONS BY THIRD PARTIES, REGARDLESS OF THE THEORY OF LIABILITY, INCLUDING EXPRESS CONTRACT, IMPLIED CONTRACT, NEGLIGENCE, WARRANTY, OR MISREPRESENTATION, AND WHETHER OR NOT i.ls IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. DIRECT DAMAGES ARE LIMITED TO THE AMOUNT OF THE PURCHASE PRICE PAID BY USER TO i.ls FOR THE TOKEN THAT IS THE SUBJECT OF ANY USER CLAIM. As used in this section, “i.ls” includes i.ls and its Licensors as well as their officers, directors, members, employees, contractors, agents, affiliates, related business entities, successors, and assigns.15. Integrity of the Sites.
Integrity of the Sites. User shall not take any action to interfere with the operation of the Sites, attempt to copy the Sites’ underlying technology, upload other computer programs or files, or copy Content. User agrees not to use any automated software (including, but not limited to, crawlers, robots, bots, spiders, extractors, etc.) at the Sites except as expressly set forth below. User agrees not to circumvent, disable, or otherwise interfere with security-related features or digital rights management functions at the Sites or in connection with the Tokens; or hack, reverse engineer, or disable any technology at the Sites or relating to the Tokens.
Prohibited Conduct. User shall not take any action to interfere with the operation of the Sites, attempt to copy their underlying technology, upload other computer programs or files, or copy Content. User agrees not to circumvent, disable, or otherwise interfere with security-related features or digital rights management functions at the Sites or in connection with the Token; or hack, reverse engineer, or disable any technology at the Sites or relating to the Tokens. Notwithstanding certain limited uses of automated software, below, User shall not use automated software to: (a) install any software at the Sites, including malware and any other type of software identified in the software community or by i.ls as malicious, nefarious, harmful, or unauthorized; (b) alter the functionality at the Sites; (c) spam or otherwise send unsolicited messages; (d) engage in any attacks at the Sites, the Tokens, the NFTs, or any i.ls technology, including DDOS attacks; (f) take over the Sites or any function at the Sites; (g) circumvent any limitations, rules, requirements, and/or restrictions at the Sites (by way of example, transaction limits, account limits, geographic restrictions, age restrictions; (h) access, collect, disseminate, disclose, or use personal information of others; (i) interfere with the use of the Sites by Users; (I) interfere with accounts of Users; (j) harm Users, i.ls, or its licensors and strategic partners; and/or (k) exercise any of the "limited authorized use of automated software" below in a manner that would violate any prohibition, above. To be clear, it is not possible to list all unauthorized uses of automated software or all prohibited conduct, and the aforementioned are merely representative examples of unauthorized uses or prohibited conduct and are intended as examples only and without limitation. Users shall use the Sites only with the highest standards of ethical conduct. In no case shall User copy, adapt, distribute, sell, or post images, video, or audio owned by third parties and licensed to i.ls in connection with NFTs.
Limited Authorized Use of Automated Software. Except as set forth in this paragraph below, User agrees not to use any software application that automates tasks intended to emulate lawful and authorized conduct at Sites owned or operated by i.ls (“Automated Software”). i.ls authorizes Users to use Automated Software for the following tasks already authorized by i.ls at the Sites: (a) create alerts for User; (b) access data that is published by i.ls at the Sites; (c) make purchases; (d) make listings; and (e) participate in gameplay. i.ls authorizes these limited uses solely at the URLs identified by i.ls with the notice “powered by i.ls” in the top right header of the web page and in the footer.
Changes to Prohibited Conduct and Authorized Conduct. i.ls may unilaterally amend the terms of this Section at any time and for any reason, and may do so by, for example, amending these Terms of Service, disabling the Automated Software, changing its application programming interface, and/or by posting restrictions and authorized uses at any of the URLs.16. Site Accessibility.
i.ls may use third parties for services relating to the technology used to receive, store, and transmit data (such as server operations, hosting, maintenance, support, upgrading, and repair). Servers relating to the functioning of the Site may occasionally be inaccessible due to repair, maintenance, upgrades, power sources, and other factors. Information transmitted by Users may be sent over an unsecured connection to an email service provider. If You have technical problems with any Site, with access to Token, or other issues regarding user experience, please contact i.ls at firstname.lastname@example.org. Suspension or Termination and Related Handling of Funds and Tokens.
i.ls may suspend or terminate User access to the Sites, Content, Tokens, and/or Services, in its sole discretion, in any of the following circumstances: (a) User’s violation of the provisions of this Agreement; (b) User’s involvement in any form of legal action against i.ls; (c) i.ls’s receipt of request to suspend or terminate User access by any law enforcement authority with jurisdiction over i.ls or User; (d) enactment of new or change in any existing laws or regulations applicable to i.ls that would cause i.ls to be in violation of such laws or regulations by continuing to allow User access; (e) termination of rights by i.ls Licensors that affects User rights previously granted; (f) receipt by i.ls of any legal process requiring i.ls to suspend or terminate User access; (g) any actual or alleged violation of law by User, including without limitation fraud and improper chargebacks; and (h) any other action that i.ls, in its sole discretion, determines is inconsistent with permissible use of the Sites, Content, Tokens, and/or Services.
i.ls shall notify User in the event of such suspension/termination in the case that the User attempts to take action on their account (e.g., add a card, purchase an NFT), unless prohibited from doing so by law. i.ls may provide information regarding resumption of access to the extent that resumption of access may be permitted and unless prohibited from providing such information by law.
Where suspension or termination is permitted under this Agreement, i.ls may, in its sole discretion and as otherwise permitted by law: (a) temporarily suspend User’s account with a potential for resumption of access under such terms and conditions as i.ls, in its sole discretion, may set; (b) permanently terminate User’s account and, in i.ls’s sole discretion do any of the following: (i) allow return of any funds and/or Tokens to User, (ii) freeze or block any funds and/or tokens of User; (iv) seize and hold any funds and/or Tokens of User unless and until release of such funds and/or Tokens to User is required by law. Any Tokens or funds that i.ls does not or is unable to return to the User in conjunction with an account termination will be handled in accordance with Section 28 of this Agreement. In addition to the forgoing, should i.ls have reason to believe that User has obtained funds or Tokens from another i.ls User by fraud or other means that are impermissible by Law or under this Agreement, i.ls reserves the right to freeze such User account pending investigation by i.ls. If i.ls determines based on good faith investigation that the frozen funds or Tokens are legally the property of another i.ls User, i.ls retains the right, in its sole discretion, to return such funds or Tokens to the User who is rightfully entitled to the same.
In addition to the forgoing, i.ls reserves the right, in its sole discretion, to seize funds in User’s i.ls wallet and to claw back Tokens from User if i.ls in its sole discretion determines that User obtained such Tokens by fraud, including without limitation by utilizing stolen credit cards, or fails to pay for Tokens as required, such as by reason of having insufficient funds on a method of payment to support such purchase or by improperly charging back a prior payment. i.ls likewise reserves the right, in its sole discretion, to claw back a Token and return User funds used to purchase such Token when requested by a User.
User agrees the Tokens have no intrinsic value or specific value and that any damages against i.ls and/or its Licensors in the event of suspension or termination of Access and related action to freeze, block, or seize funds by i.ls that is ultimately determined at arbitration or by a court with jurisdiction over i.ls to have been improper under this Agreement will be limited to the funds in User’s account at the time of the suspension or termination, the purchase price of the Token(s) that is the subject of such suspension/termination, or Two Hundred Dollars (U.S. $200.00), whichever is less. User also acknowledges that i.ls maintains a Stolen NFT Policy and that the Stolen NFT Policy is incorporated herein by reference."18. User Responsibility.
User acknowledges that his or her account with i.ls and his or her access to the Content, Tokens, and Services is based upon the truth of the promises, statements, and representations made by User in accepting this Agreement. User is solely responsible for any costs, expenses, and damages directly or indirectly arising from breaches of this Agreement or third party assertions inconsistent with User promises, statements, representations, and warranties. This obligation survives termination of this Agreement. User agrees to use his or her best efforts to assist i.ls in the investigation and resolution of any third party claim or assertion inconsistent with User’s obligations under this Agreement, at no charge and promptly upon receipt of notice from i.ls of such claim or assertion.19. Notices; Electronic Communications.
i.ls may provide User with notices, including those regarding changes to this Agreement, by email using the information provided by User in its account, or by postings to the Site. Notice is deemed given upon the earlier of (a) actual receipt, (b) twenty-four (24) hours after an email is sent, or (c) ten (10) calendar days after a notice is posted to the Site. User stipulates to electronic communications as the sole method of notice and communications, including service of legal process. During the term of this Agreement it is possible that the purchase, sale, use, and transfer of ownership of Tokens may become subject to one or more laws not in effect as of the Effective Date, or a change in the ownership of intellectual property rights of i.ls’s Licensors relevant to Tokens. Such new laws, if any, or change of ownership, may fundamentally alter the power of i.ls to grant the rights above or the exercise of such rights by User. In such case, i.ls shall update its terms of service and notify User electronically of any amendment to this Agreement.
You may contact i.ls at (i.ls may update its contact information in accordance with the terms for modification of this Agreement):
RM 22 2/F FU TAO BUILDING, NO.98 ARGYLE STREET MONGKOK, KOWLOON, HONG KONG SAR
E-mail: email@example.com. SMS/Text Messages.
By providing Your mobile/cellular phone number to i.ls, whether at sign-up or when updating Your contact information, You agree to receive text (SMS) messages from i.ls. i.ls will send text messages related to authorization of access to Your account and to promotions related to the Site. Message frequency will vary. Consent to receive promotional text messages is not a condition of access to i.ls’s services. Your wireless carrier’s standard messaging rates apply to all text messages received and sent, including any downloading of content. All charges are billed by and payable to Your wireless carrier.
a. You represent that You are the owner or authorized user of the phone number You provide to i.ls and the wireless device You use to subscribe to i.ls’s services. You represent that the information You provide is accurate and complete. You represent that You are authorized to approve the applicable charges.
b. Data obtained from You in connection with this SMS service may include Your mobile phone number, Your carrier's name, and the date, time, and content of Your messages and other information that You may provide. We may use this information to contact You and to provide the services You request from us, and to otherwise operate, develop, and improve i.ls’s services. Your wireless carrier and other service providers may also collect data from Your SMS usage, and their practices are governed by their own policies. We may disclose information in compliance with legal process, investigations, or governmental request; to avoid liability, to protect our rights, the rights of our Users, or the intellectual property rights of our licensors.
c. i.ls is not liable for any delays or failures in Your receipt of any messages, as delivery is subject to effective transmission from Your network operator and processing by Your mobile device. i.ls provides text message services on an AS IS, AS AVAILABLE basis. i.ls reserves the right to alter the terms applicable to text messages from time to time. i.ls may suspend or terminate the text message service if it believes You are in breach of the terms and conditions. The text message service is also subject to termination in the event Your wireless service terminates or lapses. i.ls may discontinue this service at any time.
Any claim under this Agreement Token must be brought within one (1) year of the purchase of the Token that is the subject of such claim. All other claims must be brought no later than two (2) years after on the date User knew or should have known about the facts giving rise to the claim.22. Entire Agreement.
This Agreement incorporates by reference all terms appearing at the links identified in this Agreement. The Agreement may be updated and modified by i.ls from time to time. Those modifications are incorporated as part of the Agreement. User will be notified of significant modifications when it accesses its account or the Site. If User does not accept the modifications to the Agreement, its sole remedy is to conclude its use of the Site. Provisions which, by their nature, are intended to survive termination shall continue, by way of example, exclusive remedy, shortened statute of limitation, indemnification, and limitation of liability for damages. As used in this Agreement, “Law” means applicable federal, state, and local statutes, regulations, ordinances, executive orders, and civil laws applicable to this Agreement and the conduct of each party.23. Links to Third Parties.
i.ls or third-party partners reserve the right to limit or cap token prices on the platform in accordance with any obligations established by i.ls or third parties and in conjunction with any new drops. Users will be informed of these restrictions prior to a primary sale. Restrictions apply to listings on the i.ls platform.25. Dispute Resolution.
The parties shall attempt to resolve any disputes through good faith business negotiations or facilitative mediation in Hong Kong SAR. The parties may agree to participate electronically through a platform by which all parties and the mediator can be seen and heard (such as Zoom). All disputes or claims arising out of or relating to this Agreement (including the breach thereof) shall be settled by arbitration. The costs of the arbitration and the reasonable attorneys’ fees of the prevailing party shall be included in any award rendered by the arbitrator. Judgment upon the award may be entered in any court having jurisdiction thereof. Other legal proceedings, if any, shall be initiated and maintained only in the Hong Kong SAR. The parties expressly submit to the exclusive personal jurisdiction and venue of these courts and waive any objection on the grounds of personal jurisdiction, venue, or forum non conveniens.26. Force Majeure.
It shall not be a material breach of this Agreement, and neither party shall be liable to the other, if prevented from performing its duties or responsibilities under this Agreement by reason of any fire or other casualty, acts of God, earthquake, floods, explosions, interrupted power supply, sabotage, war, riots, acts of terrorism; inability to procure or a general shortage of labor, equipment, facilities, materials or supplies in the open market; strikes, court orders, laws, regulations, or orders of government or military authorities; pandemic; or any other cause not within the control of such party whose performance is delayed.27. Closed Accounts.
Users may request closure of their accounts at any time by contacting i.ls at firstname.lastname@example.org. If a User requests closure of an account but such User owns a Token custodied by i.ls, i.ls will attempt to notify the User of this fact and provide the User with a reasonable amount of time to transfer custody of the Token to another third-party ledger (or otherwise sell the Token) prior to closure of the account. If User declines to or does not take an action and the Token remains in the custody of i.ls, User acknowledges that i.ls may take steps to dispose of the Token in i.ls’s discretion, which may include but is not limited to “burning” (i.e., destroying) or selling the Token, with no recourse to User. If User requests closure of an account that contains funds owned by the User, i.ls will attempt to notify the User of this fact and return the funds to User. To the extent i.ls is unable to return the funds, i.ls may be required to escheat the balance to a state under the state’s unclaimed property laws, as applicable.
No waiver by i.ls shall be implied. A waiver must be in writing and signed by an officer of i.ls. If any portion of this Agreement is found to be unenforceable, such portion will be modified to reflect the parties' intent set forth in such portion and only to the extent necessary to make it enforceable. The remaining provisions of this Agreement will remain in full force and effect. i.ls may assign, subcontract, delegate, and transfer its rights and obligations under this Agreement to a third party. User represents they have the legal power to enter into this Agreement. These Terms are binding upon the heirs, personal representatives, successors, and assigns of User.
ACCEPTANCE OF TERMS: User accepts these terms by accepting these terms at account opening or by any other means specified by i.ls to which User assents.CONTACT US
If you have questions or comments about this notice, you may contact us.
RM 22 2/F FU TAO BUILDING, NO.98 ARGYLE STREET MONGKOK, KOWLOON, HONG KONG SAR