| Clause | Description |
|---|---|
| 1. Introduction | By accessing our services, you agree to comply with these terms. If you do not agree, you must not use our services. |
| 2. NFT Ownership | Each NFT represents fractional ownership of a property, with one NFT corresponding to one square meter. Ownership does not confer direct property ownership but a share in the rental yield. |
| 3. KYC Requirement | All users must complete the Know Your Customer (KYC) process during registration to be eligible for rental yield payments. |
| 4. Rental Yield | Rental income will be distributed proportionally to NFT holders. Payments will be made to the wallet associated with the NFT. |
| 5. Maintenance and Management | Group D13 is responsible for the maintenance and management of the properties associated with the NFTs. |
| 6. Secondary Market | Users may transfer or sell their NFTs on secondary marketplaces. Group D13 is not responsible for secondary transactions. |
| 7. Legal Compliance | Users must comply with all applicable laws and regulations in their jurisdiction when using our services. |
| 8. Termination | Group D13 reserves the right to terminate or suspend accounts for violations of these terms or fraudulent activity. |
| 9. Liability | Group D13 is not liable for any losses arising from market fluctuations or unauthorized access to your account. |
| 10. Amendments | Group D13 reserves the right to update these terms at any time. Continued use of our services constitutes acceptance of the updated terms. |
| 11. Assumption of Risk | The value of NFTs is subjective and can be volatile. NFTs are collectibles and have no inherent or intrinsic value. Group D13 does not guarantee that NFTs will retain their original value. Users assume all risks associated with the use and value of the NFTs. |
| 12. Governing Law and Jurisdiction | These terms are governed by the laws of the jurisdiction in which Group D13 operates. Any disputes arising from these terms shall be resolved in the courts of that jurisdiction. |
| 13. Class Action Waiver | Users agree to resolve any disputes on an individual basis and waive the right to participate in a class-action lawsuit or class-wide arbitration. |
| 14. Intellectual Property Rights | All intellectual property rights related to the services and NFTs are owned by Group D13 or its licensors. Users are granted a limited, non-exclusive license to use the services for personal, non-commercial purposes. |
| 15. Uninsured Losses | Unlike bank accounts, NFTs are uninsured unless users obtain private insurance. In the event of loss, there is no public insurer or private insurance arranged by Group D13 to offer recourse. |
| 16. Regulatory Compliance | The regulatory status of NFTs and distributed ledger technology is unclear in many jurisdictions. Users are responsible for ensuring compliance with local laws and regulations when using our services. |
| 17. Taxation | The tax characterization of NFTs is uncertain. Users must seek their own tax advice in connection with acquiring NFTs, which may result in adverse tax consequences, including withholding taxes, income taxes, and tax reporting requirements. |
| 18. Service Modifications | Group D13 may change or discontinue the services without prior notice. We are not liable for any damages incurred by users as a result of such changes or discontinuation. |
| 19. Suspension of Service | We may suspend or discontinue all or part of the services without prior notice in certain circumstances, such as maintenance or unforeseen events. We are not liable for any disadvantage or damage incurred by users due to such suspension or interruption. |
| 20. Entire Agreement | These terms constitute the entire agreement between Group D13 and the user regarding the use of our services and supersede any prior agreements. |
For further inquiries, please contact us at support@nftsmartkey.com