Terms of Sale
By agreeing to these Terms, you hereby certify that you are at least 18 years of age. If you do not agree to these Terms, you must not purchase The Ratio NFTs.
PLEASE READ THESE TERMS CAREFULLY, AS THEY CONTAIN AN AGREEMENT TO ARBITRATE AND OTHER IMPORTANT INFORMATION REGARDING YOUR LEGAL RIGHTS, REMEDIES, AND OBLIGATIONS. THE AGREEMENT TO ARBITRATE REQUIRES (WITH LIMITED EXCEPTION) THAT YOU SUBMIT CLAIMS YOU HAVE AGAINST US TO BINDING AND FINAL ARBITRATION, AND FURTHER (1) YOU WILL ONLY BE PERMITTED TO PURSUE CLAIMS AGAINST The Ratio ON AN INDIVIDUAL BASIS, NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION OR PROCEEDING, (2) YOU WILL ONLY BE PERMITTED TO SEEK RELIEF (INCLUDING MONETARY, INJUNCTIVE, AND DECLARATORY RELIEF) ON AN INDIVIDUAL BASIS, AND (3) YOU MAY NOT BE ABLE TO HAVE ANY CLAIMS YOU HAVE AGAINST US RESOLVED BY A JURY OR IN A COURT OF LAW.
SMART CONTRACT ENABLED
A Ratio NFT is a non-fungible Ethereum-based token that uses smart contracts on the Ethereum blockchain (“Smart Contracts”). The Ethereum blockchain provides an immutable ledger of all transactions that occur on the blockchain. This means that all Ratio NFTs are outside of the control of any one party, including The Ratio, and are subject to many risks and uncertainties. The Ratio neither owns nor controls Metamask, the Ethereum network, your browser, or any other third-party site, product, or service (including third-party wallets or marketplaces) that you might access, visit, or use for the purpose of enabling you to use the Services or to purchase, list, auction, or sell The Ratio NFTs (“Transaction”). That, except with respect to transferring control of a Ratio NFT to the initial purchaser through the Services (“Initial Purchaser”), The Ratio has no responsibility with respect to any Transaction. The Ratio will not be liable for the acts or omissions of any third parties, nor will The Ratio be liable for any damage that you may suffer as a result of your transactions or any other interaction with any third parties. You understand that your Ethereum public address will be made publicly visible whenever you engage in a Transaction. Aside from transferring control of the Ratio NFT to the Initial Purchaser, The Ratio has no control over the transfer, storage, ownership, or maintenance of the Ratio NFT.
Changes to services
The Ratio reserves the right to modify or discontinue, temporarily or permanently, the Services (or any part thereof) with or without notice. You agree that The Ratio will not be liable to you or to any third party for any modification, suspension, or discontinuance of the Services, including in relation to any Ratio NFT.
Connecting your wallet
In order to access and use the Services, including engaging in a Transaction on the Services, you must connect your account to your digital wallet supported on MetaMask and other wallet extensions or gateways as allowed on the Services. Such digital wallets allow you to purchase, store, and engage in transactions using the native Ethereum cryptocurrency, ETH. When you link your cryptocurrency wallet, you understand and agree that you are solely responsible for maintaining the security of your wallet and your control over any wallet-related authentication credentials, private or public cryptocurrency keys, non-fungible tokens, or cryptocurrencies that are stored in or are accessible through your wallet. Any unauthorized access to your cryptocurrency wallet by third parties could result in the loss or theft of Ratio NFTs and/or funds held in your wallet and any associated wallets, including any linked financial information such as bank account(s) or credit card(s). The Ratio is not responsible for managing and maintaining the security of your cryptocurrency wallet. The Ratio has no responsibility or liability to you for any unauthorized access to or use of your cryptocurrency wallet or if you are unable to locate your credentials.
Sale of The Ratio NFT
When each Ratio NFT is sold for the first time, the agreement for sale is between The Ratio and the Initial Purchaser. If the Initial Purchaser decides to sell a Ratio NFT (“Secondary Sale”), then The Ratio is not a party to any agreement between the applicable buyer, seller, or facilitator of the Secondary Sale.
If you or any owner of a Ratio NFT (“Collector”) sells or transfers a Ratio NFT to another collector, (a) then you, as Collector, represent and warrant that you will notify the subsequent collector of these Terms and require the subsequent collector to comply with these Terms, (b) the Collector License (as defined below) as set forth herein will automatically transfer to such subsequent collector, and such other collector will be deemed the “Collector” (for purposes of such Ratio NFT and the Collector License to the underlying Art (as defined below)) and will be subject to these Terms, and (c) you, as the seller or transferor of such Ratio NFT, will cease to have any further rights to such Ratio NFT or underlying Art.
By placing an order on the Site or through the Services (including by bidding in an auction), you agree that you are submitting a binding offer to purchase a Ratio NFT, you agree to pay all applicable fees associated with the Transaction, and you authorize The Ratio to automatically charge and collect such fees from your payment instrument or wallet. If you are an Initial Purchaser, then all amounts due are to be paid to The Ratio. If you are not the Initial Purchaser of a Ratio NFT, then amounts may be paid to the seller of such Ratio NFT.
No refunds are permitted except with respect to any statutory warranties or guaranties that cannot be excluded or limited by law.
You are responsible for any and all sales, use, value-added and other taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority, associated with your use of the Services or Ratio NFTs (including, without limitation, any taxes that may become payable as the result of your ownership, transfer, purchase, or sale of a Ratio NFT).
The Ratio Intellectual Property Rights
You acknowledge and agree that the Services may contain content or features (“Services Content”) that are protected by copyright, patent, trademark, trade secret, or other proprietary rights and laws. Except as expressly authorized by The Ratio, you agree not to modify, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Services or the Services Content, in whole or in part. Any use of the Services or the Services Content other than as specifically authorized herein is strictly prohibited.
RIGHTS TO RATIO NFTS YOU OWN
Personal Use. Subject to your continued compliance with these Terms, The Ratio grants you a worldwide, royalty-free license to use, copy, and display the digital art represented by your Ratio NFT (“Art”), along with any extensions that you choose to create or use, solely for the following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase and sale of your Ratio NFT, provided that the marketplace cryptographically verifies each Ratio NFT owner’s rights to display the Art for their Ratio NFT to ensure that only the actual owner can display the Art; or (iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your Ratio NFT, provided that the website/application cryptographically verifies each Ratio NFT owner’s rights to display the Art for their Ratio NFT to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner of the Ratio NFT leaves the website/application.
Commercial Use. Subject to your continued compliance with these Terms, The Ratio grants you a worldwide license to use, copy, and display the Art represented by your Ratio NFT for the purpose of creating derivative works based upon the Art (“Commercial Use”). Examples of such Commercial Use would be the use of the Art to produce and sell merchandise products (e.g., T-Shirts, etc.) displaying copies of the Art. For the sake of clarity, nothing in this Section will be deemed to restrict you from (i) owning or operating a marketplace that permits the use and sale of Ratio NFT generally, provided that the marketplace cryptographically verifies each Ratio NFT owner’s rights to display the Art for their Ratio NFT to ensure that only the actual owner can display the Art; (ii) owning or operating a third party website or application that permits the inclusion, involvement, or participation of Ratio NFT generally, provided that the third-party website or application cryptographically verifies each Ratio NFT owner’s rights to display the Art for their Ratio NFT to ensure that only the actual owner can display the Art, and provided that the Art is no longer visible once the owner of the Ratio NFT leaves the website/application; or (iii) earning revenue from any of the foregoing.
NO PROFESSIONAL ADVICE; TRANSACTION RISKS
The information on this Site and any information provided in connection with the Services are provided to Ratio NFT owners only and for information only and do not constitute, and should not be construed as, professional advice or a recommendation to purchase, sell, trade, or otherwise transact in any digital asset including any products or services or an invitation, offer or solicitation to engage in any purchase, sale, trade, or other transaction with respect to any digital asset.
The information on this Site and any information provided in connection with the Services provided to Ratio NFT owners are provided solely on the basis that you will make your own transaction decisions, and The Ratio does not take account of any person’s financial or other objectives, particular needs, or financial situation. In addition, nothing on this Site or any information provided in connection with the Services provided to Ratio NFT owners shall, or is intended to, constitute financial, legal, accounting, or tax advice. It is strongly recommended that you seek professional advice before making any transaction decision. Any decision you make should be based on an assessment of your risks in consultation with your professional adviser(s).
The digital assets about which information is provided on the Site and any information provided in connection with the Services provided to Ratio NFT owners are not viewed by the issuer or sponsor of any such digital assets, or those buying or selling the digital asset, as securities under U.S. laws or relevant applicable laws. As a result, it is unlikely that fulsome disclosures from the issuer or sponsor, or any executive officer associated with the digital asset or related protocol have been provided, and others may have better or more information than the information made available to you via the Site, or any information provided in connection with the Services provided to Ratio NFT owners or to which you may independently have access.
There are risks associated with purchasing and holding digital assets. Loss of the full amount of the purchase price is possible. Volatility is highly likely, and some of the protocols and platforms may fail entirely due to forking, flaws in the code, hacking, or other malicious attacks.
THESE TERMS DO NOT REPRESENT A COMPLETE STATEMENT OF RISK FACTORS ASSOCIATED WITH THE DIGITAL ASSETS OR PRODUCTS OR SERVICES THAT MAY BE VIEWED OR TRACKED ON THIS SITE OR THAT MAY BE FEATURED OR DISCUSSED IN CONNECTION WITH THE SERVICES FOR RATIO NFT OWNERS. YOU SHOULD CONSIDER THESE RISK WARNINGS CAREFULLY AND TAKE APPROPRIATE ADVICE BEFORE TAKING ANY DECISION TO PURCHASE, SELL, TRADE, OR OTHERWISE TRANSACT IN A DIGITAL ASSET.
You agree that you will not, and will not permit any third party to, do or attempt to do any of the following without the The Ratio’s express prior written consent in each case:
- Interfere with or disrupt the Services or servers or networks connected to the Services in any manner that could negatively affect or inhibit other users from fully enjoying the Services or that could damage, disable, overburden or impair the functioning of the Services in any manner
- Violate any applicable local, state, national or international law, or any regulations having the force of law, including but not limited to the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), or which would involve proceeds of any unlawful activity.