IPCHAIN

 

 

 

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IPCORP Ltd.

Address: Suite 23, Portland House, Glacis Road, Gibraltar GX11 1AA

Register number: 116624

Managing Director: Dr. Dominik Thor

info@ipchaindatabase.com

 

 

 

IPCORP Ltd. was founded with the goal of using blockchain technology for the better protection of intellectual property. Our IPCHAIN database is currently in development and specifically addresses the needs of innovators, researchers artists and inventors. It complements intellectual property management strategies by offering proof of authorship via secure digital publication on the blockchain and highly advanced search functionalities. Unlike other prior art databases, IPCHAIN's unique blockchain architecture gives innovators the ability to easily and safely share their work, document the transfer of IP rights and to interact with other professionals. The IPCHAIN token sale (ICO) and the release of the beta version is planned for Q2 2018.

TERMS AND CONDITIONS OF THE
IPCHAIN DATABASE TOKEN SALE

USERS PARTICIPATING IN THE IPCHAIN DATABASE (“IPCHAIN”) TOKEN SALE ARE REQUIRED TO READ THESE TERMS AND CONDITIONS CAREFULLY. A CONTRIBUTION FOR THE PURCHASE OF IPCHAIN TOKENS IS ONLY POSSIBLE IF YOU AGREE TO THESE TERMS AND CONDITIONS OF TOKEN SALE.

 

The IPCHAIN website at https://ipchaindatabase.com and all of its subdomains ( “Website”), as well as the white paper and any other publications relating to IPCHAIN (collectively, “Project Documentation”) are exclusively of descriptive nature, do not form an offer, are not binding and are not part of these terms and conditions or an agreement between IPCHAIN and a user. In case of a conflict between these terms and conditions and any publications or documents, these these terms and conditions prevail.

 

Any purchase of IPCHAIN tokens (“IP”) from IPCORP Ltd. (“Company”) is subject to the Terms and Conditions of the IPCHAIN Token Sale (“Terms”). In the context of these TERMS the buyer (“Buyer” or “User”) and the Company are referred to as “Party” and together referred to as “Parties.” The IPCHAIN Database (“IPCHAIN” or “IPCHAIN Database”) relates to the platform developed and maintained by the Company.

 

Any Buyer interested in the purchase of IPCHAIN tokens, or registering on the Website or making a contribution for the purchasing of IPCHAIN token from the Company in the course of the token sale, including any pre-sale, will be bound by these Terms including those terms and policies referred to below.

 

The Buyer understands and agrees that these Terms only govern the Buyer’s Contribution for the purchase of IPCHAIN Token from the Company during the IPCHAIN Token Sale, while the future use of IPCHAIN tokens will be governed by terms made available if and when the System is successfully developed and deployed.

 

By accepting these Terms, the Buyer acknowledges that he or she has read and understood them and has had ample opportunity to seek independent legal advice before giving his or her consent. Further the buyer warrants that he or she (i) is at least 18 years of age and the legal capacity to enter into this contract under the applicable law, (ii) uses only legally-obtained funds that rightfully belong to him or her, (iii) is not performing, aiding, or abetting any kind of unlawful activity through his or her purchase or future use of the IPCHAIN Token and (iv) complying with all applicable regulations and laws.

 

 

 

1. Restricted Territories

The buyer acknowledges that certain jurisdictions and/or citizens or residents of certain jurisdictions, countries, states or territories are restricted from participating in the Token Sale due to (i) the challenge of the legitimacy of token sales, (ii) the illegality of token sales have become illegal or (iii) if they are considered high-risk and monitored jurisdictions and non-cooperative country or territory by the Financial Action Task Force (FATF) (currently Bosnia and Herzegovina, Democratic People's Republic of Korea (DPRK), Ethiopi, Iran, Iraq, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu and Yemen (collectively, “Restricted Territories”). The buyer also acknowledges that due to legal and regulatory uncertainty citizens and residents from the Unites States of America and Mainland China are prohibited from making Contributions and participating in the IPCHAIN token sale. The same applies to citizens and residents from Gibraltar. It is the Buyer’s responsibility to to determine the law that applies to him as investor and refrain from a participation in the Token Sale if such an action is against the applicable law.

 

Due to legal developments the country of the buyer’s citizenship, residency or location may become restricted in the time until the Token Sale. If that happens the buyer understands and consents to the Company, at its sole discretion, terminating these Terms, closing your Account and returning your funds.

 

The Company does not accept contributions made in Restricted Territories or by residents or citizens of Restricted Territories and does not promote any such action. If residents or citizens of Restricted Territories have access to the Project Documentation this does not constitute an offer, solicitation or invitation for the participation in the IPCHAIN token sale and shall not be construed as a representation or warranty with respect to the legality of participatiing in the IPCHAIN token sale.

 

 

 

2. Purpose and Use of IPCHAIN

IPCHAIN Database is a platform for the protection of intellectual property. IPCHAIN tokens are utility tokens and will be required to use IPCHAIN services. The IPCHAIN token sale involves the issuance of digital tokens. Within existing legal and regulatory frameworks its functionality will determine the legal status of the token in the eyes of regulatory authorities and, more specifically, determine whether it must be considered as a security. Despite existing differences between various jurisdictions, it is likely that a token’s classification as security cannot be avoided if it represents ownership in a company, the right of partaking of a company’s proceeds, or if it is a unit in a collective investment scheme or a collective investment scheme arrangement. As these characteristics explicitly do NOT apply to the IPCHAIN token it has the status of a true utility token, and as such solely represents a voucher used by customers to access the services of IPCHAIN. IPCHAIN token are not an investment, a currency, stock, shares, rights, options or derivatives and do not represent units or holdings in a collective investment scheme including an investment fund, units in a business trust, derivatives of units in a business trust or any other security or type of security and they are not registered with any government entity as a security or have characteristics typically associated with securities. IPCHAIN token holders do not receive profits, income, interests, rights, ownership, title, payments or other forms of returns or benefits from IPCHAIN or any associated property, for the acquisition, transfer, holding, management or disposal of IPCHAIN tokens. IPCHAIN token shall not be used or purchased for speculative or investment purposes.

 

The Company makes no warranties or representations and offers no assurances that use of IPCHAIN services shall confer any actual or exercisable rights of use, functionality, ownership rights, or priority rights in the eyes of national laws or intellectual property laws. The Buyer acknowledges that by participating in the IPCHAIN token sale he or she will not acquire or otherwise be entitled to any intellectual property rights of the Company.

 

 

 

3. Token Sale Specifications

Number of Base Tokens for Sale:                8.500.000

Bonus Tokens (incl. Strategic Fund):         1.500.000

Tokens available in Pre-Sale: 7,5% of Base Tokens

 

IPCHAIN Token Price:

TBD. The price of 1.00 IPCHAIN Token will be determined in ETH before the Token Pre-Sale and the Token Sale.

 

Payment Method in Token Sale:

All contributions shall be made in ETH and must be sent from a wallet proven to be owned by the Buyer. The contributions shall be sent to the Company’s wallet address made available to the Buyer after the KYC/AML check and upon acceptance of these Terms. On receipt of the Buyer’s Contribution, it immediately becomes the sole and exclusive property of the Company. The Company will have the rights to use the Contribution at its sole discretion. This use includes the development and marketing of IPCHAIN and its services and the use for other expenses relating to the Company’s business, including, but not limited to as specified in the Project Documentation. The use of the Buyer’s Contribution will be decided at the Company’s sole discretion and the Company will have no obligation to inform the Buyer or otherwise verify how his or her Contribution is used.

 

Contribution Period:

TBD

 

Delivery of IPCHAIN Token to the Buyer:

IPCHAIN Token are to be issued on the Ethereum platform following the ERC20 protoco and the Buyer must be in the possession of an Ethereum wallet supporting the ERC20 token standard. Upon conclusion of the token sale and the required KYC/AML checks IPCHAIN Token are sent via smart contract to the Buyer’s Ethereum wallet within 7 days after the conclusion of the contribution period for the Token Sale. If for whatever reason the Company cannot deliver the IPCHAIN Tokens within 7 days after the conclusion of the contribution period for the Token Sale, the Company will make sure to exercise reasonable endeavors in order to achieve a successful delivery within a reasonable time thereafter. The Company will keep records of all Contributions received, including the time and the amount of the Contribution, as well as wallet address which was used to send the Contribution.

 

Further Specifications:

After reading and understanding these Terms the user acknowledges and has no objections to the Company, at any time prior to the completion of the token sale, temporarily suspending or permanently aborting the IPCHAIN token sale for legal, security or commercial reasons and consents to the Company running marketing campaigns in the time leading up to the ICO and during the contribution period, that may offer bonuses, discounts or free IPCHAIN Tokens.

 

 

 

4. Refusal / Rejection / Cancellation

The Buyer acknowledges that his or her Contribution to the Company in the course of the IPCHAIN Token Sale is final, without refunds or cancellations except at the discretion of the Company. The Company retains at its sole discretion the freedom to refuse, reject or cancel Contribution requests at any time and also retains at its sole discretion the freedom to refuse, reject or cancel prior to the distribution of the IPCHAIN Tokens following the completion of the token sale any Contributions made at any time.

 

 

 

5. KYC/AML

In order to comply with the applicable laws and regulations concerning your Contribution for the purchase of IPCHAIN Tokens and that Contribution’s further use, the Company may have to require personal information as to the identity of the Buyer and to run KYC and AML checks. The Buyer agrees to provide the Company with any such information including valid identification in the form of a passport if requested, and acknowledges that the Company may withhold the distribution of IPCHAIN Tokens until this information has been provided and checked and the distribution of the tokens found to be permissible under the applicable law or regulation.

 

 

 

6. Acknowledgment and Assumption of Risks

The Buyer understands and acknowledges the risks associated with making a Contribution for the purchase, holding or use of IPCHAIN Tokens. These risks can come in many forms and may also include which cannot be predicted at the present moment. The user confirms that he or she has the necessary experience to assess the probability of occurrence of any such risks or, if not, acknowledges that the Company advises him or her to use the services of an appropriate professional before making a Contribution.

 

The Company does not intend to form the basis for any investment decision or specific recommendations and expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the list of risks (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.

 

THE BUYER EXPRESSLY ACKNOWLEDGES AND ASSUMES ALL THE FOLLOWING RISKS BY MAKING A CONTRIBUTION FOR THE PURCHASE OF IPCHAIN TOKENS:

 

Loss of Private Key(s), Custodial Error or Purchaser Error. Controlling a digital wallet that stores IPCHAIN Tokens requires a private key or a combination of private keys. The loss of such a private key or private keys results in the loss of IPCHAIN Tokens. Access to such key(s) by anyone except the Buyer might result in the misappropriation of the Buyer’s IPCHAIN Tokens. Errors or malfunctions in connection to the digital wallet or the Buyer’s failure to properly maintain or use it, could also result in the loss of the Buyer’s IPCHAIN Tokens.

 

Risks in Connection to the Ethereum Protocol. IPCHAIN Tokens, the IPCHAIN smart contract and the IPCHAIN platform are based on the Ethereum protocol. Therefore, any malfunction, breakdown or abandonment of the Ethereum protocol could result in critical adverse effects and Ethereum protocol failure or malfunctioning could affect the trading of IPCHAIN tokens. Technical advances such as advances in cryptography and the development of quantum computing could render the cryptographic consensus mechanism underlying the Ethereum protocol ineffective and thus result in risks to IPCHAIN Tokens, their use and their utility as means for obtaining IPCHAIN services.

 

Risk in Connection to Security Weaknesses. Malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, spoofing and other types of attacks on security weaknesses may be employed by hackers trying to interfere with or take control of IPCHAIN services and IPCHAIN Tokens.

 

Risk of Uninsured Losses. IPCHAIN Tokens are uninsured unless the Buyer obtains private insurance. With no public insurer or private insurance arranged by the Company, the entire loss or loss of utility value of IPCHAIN Tokens is borne by the Buyer alone.

 

Risks in Connection to Changing and Unclear Regulations. The regulatory status of distributed ledger technology and therefore IPCHAIN Tokens is unclear in many jurisdictions and/or may change drastically as a result of a changing regulatory regime. Blockchain technology’s legal status, regulation, control and supervision are subject to regulatory bodies and government agencies on a national level. The Buyer acknowledges that regulatory changes and legal restrictions concerning the use, acquisition, sale or possession of digital tokens such as the IPCHAIN token, could potentially affect, limit or prevent the functionality of IPCHAIN and/or the use of IPCHAIN tokens.

 

Risks in Connection to Taxation. Acquiring, holding, selling or transferring IPCHAIN Tokens may have adverse tax consequences, including the obligation of the Buyer to pay withholding tax or income tax. To assess and mitigate these risks the Buyer shall seek the support of a tax counsel before making a Contribution, holding, acquiring, selling or transferring IPCHAIN tokens.

 

Risk of Alternative Platforms. There is the possibility of the creation of alternative platforms utilizing the same or similar technology as IPCHAIN in an attempt to render similar services. Competition by such alternative platforms could negatively impact IPCHAIN and IPCHAIN Tokens.

 

Risk of Insufficient Interest in IPCHAIN. The Buyer acknowledges the possibility that IPCHAIN may, due to insufficient interest, only have a small user base and that there could be only limited public interest in the services of IPCHAIN, which could negatively impact the development of IPCHAIN and the potential utility of IPCHAIN Tokens, including their utility for obtaining IPCHAIN services.

 

Risks Arising from the Regulation of Intellectual Property. The regulation of intellectual property is dependent on national and international laws and regulations, which could change and vary from country to country and industry specific laws, regulations or licensing requirements and new laws or regulations could adversely affect IPCHAIN, its services and users and the the utility of IPCHAIN Tokens. The risk of using of IPCHAIN and its services lies entirely with the User/Buyer who shall seek the support of a legal counsel before employing IPCHAIN for the protection, sharing or transfer of intellectual property and shall make sure and understand applicable law and regulations on intellectual property and data protection. The Company shall bear no responsibility for the loss of any rights or the failure to successfully gain any rights, including but not limited to ownership rights, license rights, priority rights, filing rights, rights to payment, in the connection of the publication, storing, sharing, transferal, licensing, selling or buying of intellectual property using IPCHAIN or IPCHAIN Tokens.

 

Risks in Connection to Development and Maintenance. The IPCHAIN platform is and will remain for the foreseeable future under development and thus may undergo significant changes. While the Company intends to follow the layout, plans and specifications mentioned in the Project Documentation and the white paper specifically, the Buyer acknowledges that the Company will have to take commercially necessary and reasonable steps toward those ends and therefore may have to change these specifications of IPCHAIN for any number of reasons. This possibility may result in the risk of IPCHAIN Tokens or IPCHAIN does not meet the Buyer’s expectations at the time of his Contribution during the Token Sale to acquire IPCHAIN Tokens. While Company will exercise reasonable endeavors to adequately develop and maintain IPCHAIN and to prevent malfunctions, the Buyer acknowledges that such could occur and may negatively impact IPCHAIN, its services and the potential utility of IPCHAIN Tokens. The development of IPCHAIN might require significant conceptual, technical and commercial changes before release, which could result in additional technical, hardware or software requirements for the running of IPCHAIN, which will have to be met by the User in order to retain IPCHAIN functionality in full.

 

Risk of Currency Fluctuations: The Buyer’s Contributions denominated in ETH will be used for the development of IPCHAIN, its services and operating expenses and may be converted into other cryptographic and fiat currencies. The risk of currency fluctuations during or after the contribution period could result in the Company being unable able to fund the development or maintain IPCHAIN in the intended manner and thus have a negative impact on the services provided to users.

 

Risk of Dissolution of the Company. The Buyer/ User acknowledges the possibility of the dissolution of the Company, due to any number of reasons, including, but not limited to, the failure of commercial relationships, or intellectual property ownership challenges.

 

Risks in Connection to the Lack of Governance Rights. Acquiring, holding, selling or transferring IPCHAIN Tokens does not confer governance rights of any kind with respect to the IPCHAIN Platform or the Company and any decision in regard to the IPCHAIN Platform or the Company will be made at the sole discretion of the Company, including, but not limited to, decisions to discontinue the IPCHAIN platform, to issue more IPCHAIN Tokens, or to sell or liquidate the Company. The Buyer acknowledges that such decisions could adversely affect IPCHAIN and the utility his IPCHAIN Tokens.

 

Unanticipated Risks

Cryptographic tokens and DLT represent a new and untested technology and the Buyer / user may be exposed to risks the Company cannot anticipate. Also the entirety of forward-looking statements in the Project Documentation, including but not limited to statements in regard to IPCHAIN’s plans, future developments, investments, revenues, profitability, industry trends and regulatory trends, are solely predictions involving various known and unknown risks, uncertainties and depend on complex factors. Therefore, future reality may significantly differ from the statements expressed or implied in this document.

 

 

 

7. Security

Sole responsibility for securing the Buyer’s Ethereum wallet or other storage mechanism used for acquiring, holding, selling or transferring IPCHAIN Tokens lies with the Buyer. This includes any requisite private key(s) as well as all other credentials required to access these storage mechanism(s). The Company is not responsible for the direct loss or loss of access to IPCHAIN Tokens, including but not limited to the loss due to your private key(s) or required access credentials, and excludes any and all liability for any security breaches and/or acts or omissions that may lead to such loss of access.

 

 

 

8. Taxes

The Buyer’s Contribution in the course of the Token Sale is exclusive of all applicable taxes in the relevant jurisdiction and it is his or her responsibility to know or determine with the help of a tax consult whether any taxation arises from the act of Contribution and acquisition of IPCHAIN Tokens. Applicable taxes can include, but may not be restricted to, income, capital gains, sales, use, value added, and similar taxes. The sole responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities arising from the Buyer’s Contribution and ownership, use, sale, transfer or liquidation of IPCHAIN Tokens lies solely with the Buyer and not the Company.

 

 

 

9. Representations and Warranties

By taking part in the IPCHAIN Token Sale and making a Contribution for the acquisition of IPCHAIN Tokens, the Buyers acknowledges and agrees that:

 

 

 

10. Disclaimer

EXCEPT IF OTHERWISE SPECIFIED IN WRITING BY THE COMPANY IPCHAIN TOKENS ARE DISTRIBUTED SOLELY ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY DISCLAIMS EXPRESSLY ALL IMPLIED WARRANTIES AS TO IPCHAIN DATABASE, THE IPCHAIN TOKEN AND/OR SMART CONTRACT TECHNOLOGY OR BLOCKCHAIN TECHNOLOGY (WHICH DUE TO ITS EARLY STAGE OF DEVELOPMENT AND EXPERIMENTAL NATURE CARRIES SIGNIFICANT OPERATIONAL, TECHNOLOGICAL, FINANCIAL, REGULATORY AND REPUTATIONAL RISKS FOR THE USER AND OR BUYER), INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. THE COMPANY DOES NOT ACKNOWLEDGE OR WARRANT THAT IPCHAIN TOKENS AND/OR SMART CONTRACT TECHNOLOGY ARE FREE FROM ANY DEFECTS, WEAKNESSES, VULNERABILITIES, VIRUSES OR BUGS, THAT COULD CAUSE THE LOSS OF THE BUYERS IPCHAIN TOKENS OR THAT THEY ARE RELIABLE, CURRENT OR ERROR-FREE, MEET YOUR REQUIREMENTS, OR THAT DEFECTS IN IPCHAIN TOKEN AND/OR SMART CONTRACT TECHNOLOGY WILL BE CORRECTED. NOTHING IN THIS AGREEMENT SHALL BE CONSTRUED AS A REPRESENTATION MADE OR WARRANTY GIVEN BY THE COMPANY THAT THE BUYER / USER WILL THROUGH THE USE OF IPCHAIN BE SUCCESSFUL IN OBTAINING, SHARING, TRANSFERRING, PREVENTING THE LOSS OF ANY INTELLECTUAL PROPERTY RIGHTS, INCLUDING BUT NOT LIMITED TO, COPYRIGHTS, OWNERSHIP RIGHTS OR PATENT RIGHTS AND PATENT APPLICATIONS OR PATENTS ISSUED THEREON WILL BE VALID. NOTHING IN THIS AGREEMENT SHALL BE CONSTRUED AS A REPRESENTATION MADE OR WARRANTY GIVEN BY THE COMPANY THAT THE BUYER / USER WILL BE SUCCESSFUL IN CREATING, ENSURING OR COMMERCIALIZING ANY INTELLECTUAL PROPERTY.

 

 

 

11. Limitation of Liability

IT IS EXPRESSLY UNDERSTOOD AND AGREED BY THE BUYER AND THE COMPANY THAT IN NO EVENT WILL EITHER THE COMPANY OR ANY OF ITS EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, LOSS OF USE OR DATA, OR DAMAGES FOR BUSINESS INTERRUPTION) ARISING OUT OF OR IN ANY WAY RELATED TO THE BUYER’S CONTRIBUTION AND PARTICIPATION IN THE IPCHAIN TOKEN SALE OR USE OF IPCHAIN TOKENS OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE); AND (IN NO EVENT WILL THE AGGREGATE LIABILITY OF COMPANY AND THE COMPANY PARTIES (JOINTLY), WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER THEORY, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE FACE, EXCEED THE AMOUNT THE BUYER CONTRIBUTED TO THE COMPANY IN RESPECT TO THESE FACE. THE FOREGOING LIMITATIONS WILL NOT LIMIT OR EXCLUDE THE COMPANY’S LIABILITY FOR THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR RECKLESS MISCONDUCT. THE COMPANY EXPRESSLY EXCLUDES ANY LIABILITY IN RESPECT OF THE LAW OF OTHER JURISDICTIONS WHERE THE BUYER MAY BE ESTABLISHED OR RESIDENT.

 

 

 

12. Termination

The Company reserves the right to terminate these Terms or the Contract any any time or for any reason without notice to you. Specific reasons that may lead the Company to terminate these Terms are include, but are not limited to, the following:

 

 

In the event of the termination of these Terms by the Company, it can at its sole discretion, suspend or withhold the Contribution, and/or recover from it the amount of any losses and damages.

 

 

 

13. Arbitration

All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. Any Dispute arising out of or related to these Terms will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding.

 

 

 

14. Governing Law

All Contracts and these Terms will be governed by and construed in accordance with the laws of Gibraltar and the Buyer hereby agrees that the Gibraltar courts shall have exclusive jurisdiction over any Contract, unless expressly stipulated otherwise by statutory and mandatory laws.

 

 

 

15. KYC Policy

In order to prevent the use of IPCHAIN Tokens for illegal purposes such as money laundering, terrorist financing, fraud and identity theft IPCHAIN’s “Know Your Client” Policy is used to identify the Buyer as participant of the IPCHAIN Token Sale and determine his or her residence and/or location on the basis of documents, data or information to be provided by the Buyer and in order to detect suspicious activity relating to AML/CTF regulation and prevent fraud.

 

In order to comply with IPCHAIN’s KYC Policy the Buyer will have to provide the Company with his or her:

 

 

Depending on the size of the Contribution of the Buyer the Company may additionally request:

 

 

In the event the Buyer is a legal entity the Company may additionally request:

 

 

The Company will refuse to enter into or continue relationships or conduct transactions with a Buyer, User or Participant in the IPCHAIN Token Sale who does not provide the requested information and documents or provides false, inconsistent or conflicting information where the inconsistency or conflict cannot be resolved after reasonable inquiry and as a result may suspend the Buyer’s /User’s account, stop the distribution of IPCHAIN Tokens or deny the withdrawal of IPCHAIN Tokens until the KYC process is completed satisfactorily.

 

 

 

16. Miscellaneous

In relation to any contract, these Terms shall constitute the entire agreement between the Company and the Buyer and supersede any previous agreement or arrangement between them relating to the Buyer’s / User’s Contribution and his or her participation in IPCHAIN Token Sale. No representation, undertaking or promise shall be attributed to or implied by the Company except as expressly stated in these Terms. No modification of, or additions to, the Terms shall be valid unless accepted in writing by the Company.

 

If any provision or part of a provision of these Terms shall be found to be invalid or unenforceable by any court of competent jurisdiction, such invalidity or unenforceability shall not affect the other provisions or parts of such provisions of these Terms, all of which shall remain in full force and effect.

 

The Company may make changes to these Terms as reasonably required to comply with applicable law or regulation and will post the amended Terms on the Website with a correct “Last Updated” date. As the new Terms will become effective immediately after their upload, it is the Buyer’s responsibility to regularly check the Website.

 

The Buyer may not assign, novate, transfer or sub-contract all or any of its rights or obligations under this contract without the prior written consent of the Company. The Company may a sign, novate, transfer or sub-contract the contract or any of its rights or obligations thereunder.

 

The failure of the company to exercise or enforce any right or provision stated within these Terms is not to be regarded or construed as a waiver of such right or provision.

 

The Company is not liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond its reasonable control.

 

Making Contribution and participating in the IPCHAIN Token Sale does not establish any form of partnership, joint venture or any other similar relationship between the Buyer and the Company.

 

Unless otherwise provided in these Terms, the Terms are exclusively intended for the benefit of the Buyer and the Company and are not intended to confer third-party beneficiary rights upon any other person or entity.

 

The Buyer agrees and acknowledges that all agreements, notices, disclosures, and other communications provided by the Company, including these Terms, are to be provided in electronic form.

TERMS OF USE

By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.

 

User License

Permission is granted to temporarily download one copy of the materials (information or software) on IPCHAIN database's web site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not: modify or copy the materials; use the materials for any commercial purpose, or for any public display (commercial or non-commercial); attempt to decompile or reverse engineer any software contained on IPCHAIN database's web site; remove any copyright or other proprietary notations from the materials; or transfer the materials to another person or "mirror" the materials on any other server. This license shall automatically terminate if you violate any of these restrictions and may be terminated by IPCHAIN database at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.

 

Disclaimer

The materials on IPCHAIN database's web site are provided "as is". IPCHAIN database makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, IPCHAIN database does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this site.

 

Limitations

In no event shall IPCHAIN database or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on IPCHAIN database's Internet site, even if IPCHAIN database or a IPCHAIN database authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

 

Revisions and Errata

The materials appearing on IPCHAIN database's web site could include technical, typographical, or photographic errors. IPCHAIN database does not warrant that any of the materials on its web site are accurate, complete, or current. IPCHAIN database may make changes to the materials contained on its web site at any time without notice. IPCHAIN database does not, however, make any commitment to update the materials.

 

Links

IPCHAIN database has not reviewed all of the sites linked to its Internet web site and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by IPCHAIN database of the site. Use of any such linked web site is at the user's own risk.

 

Site Terms of Use Modifications

IPCHAIN database may revise these terms of use for its web site at any time without notice. By using this web site you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

 

Governing Law

Any claim relating to IPCHAIN database's web site shall be governed by the laws of the State of Gibraltar without regard to its conflict of law provisions.

PRIVACY POLICY

Your privacy is very important to us. Accordingly, we have developed this Policy in order for you to understand how we collect, use, communicate and disclose and make use of personal information. The following outlines our privacy policy.

 

Before or at the time of collecting personal information, we will identify the purposes for which information is being collected. We will collect and use of personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes, unless we obtain the consent of the individual concerned or as required by law. We will only retain personal information as long as necessary for the fulfillment of those purposes. We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned. Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes, should be accurate, complete, and up-to-date. We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access, disclosure, copying, use or modification. We will make readily available to customers information about our policies and practices relating to the management of personal information. We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality of personal information is protected and maintained.

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