TransactionCorp

Terms & Conditions

Digital Asset and Technology Usage Terms

Important Notice:

The following terms and conditions apply to the use of the Company’s platform and API. Carefully read these terms before using, accessing, or downloading the Company’s digital asset technology, platform, or API. By proceeding, you confirm your agreement to these terms in the use of the Company’s platform and API. If you do not agree, refrain from using or accessing the technology through the platform or API.


Interpretation and Key Definitions

Access Credentials: Refers to the login details and unique access links provided to authorized users for secure entry into the Company’s platform.

Account Manager: The designated individual from the Company responsible for managing the account relationship.

Affiliate: Any organization that is directly or indirectly under the same control, or controlling, as another entity.

Agreement: Refers to these terms and any applicable commercial documentation that accompanies them.

Authorized Users: Personnel designated by the client to utilize the Company’s technology or products.

Brand Partner: Any third party, such as a retailer or service provider, that supplies digital assets for resale or use via the Company’s services.

Brand Materials: All proprietary content, designs, and data provided by or associated with a Brand Partner.

Business Day: Any weekday excluding public holidays in the United States when banks operate.

Client Organization ("Buyer"): The organization or entity granted access to the Company’s services, as identified in relevant documentation.

End Customer/Buyer: Customers of the client who interact with the Buyer’s platform to obtain and use digital assets distributed through the Company’s technology.

Company: Refers to Transaction Corporation.

Company API: Refers to the application programming interface made available by the Company to the Buyer/Client for integration purposes into the Company’s technology and all associated data accessed via the API.

Buyer/Client Data: All user-generated or uploaded data, including customer details, managed within the Company platform or via the Company API by or for the client.

Commencement and Term

Agreement Start Date: If the parties have entered into a formal agreement (e.g., a signed commercial form), the contract will take effect from the date specified as the "Start Date" or "Commencement Date" in that agreement.

The agreement remains valid for the initial period specified (referred to as the "Initial Term") and will automatically renew for consecutive periods of the same duration (referred to as "Renewal Terms") unless:

  • Either party provides advance written notice (as specified in the notice period) to terminate at the end of the current term.
  • Termination occurs due to breach or as otherwise outlined under these terms.

Continued Use Beyond Termination: If the agreement is terminated, but the client continues accessing the Company platform or services to purchase digital assets, this will automatically initiate a new agreement under the same terms, except:

  • The effective start date will be the first date of continued use.
  • Fees may reflect current rates as specified by the Company.

Without Formal Agreement: In the absence of a signed commercial form, the agreement begins once these terms are accepted (e.g., during account registration) and continues until terminated by either party with a minimum of 60 business days' notice.

Fees and Payment Terms

Payment of Fees: The client agrees to pay all applicable charges as outlined in the relevant documentation, including invoices, within 30 calendar days of the invoice date. Fees are typically invoiced in advance unless otherwise specified and are non-cancellable and non-refundable.

Annual Adjustments: The Company reserves the right to adjust fees annually, in line with increases in the Consumer Price Index or equivalent benchmarks in the relevant jurisdiction.

Consequences of Late Payments:

  • Interest charges at the rate of 5% per month or the maximum permitted by law, calculated daily.
  • Suspension of access to Company services until outstanding balances are cleared.
  • Deduction of unpaid amounts from the client's account balance (referred to as "Buyer Float").

Currency and Taxation: All payments will be made in the currency specified in the commercial agreement and are exclusive of any applicable taxes such as VAT or sales tax, which will be added to the invoice.

Client Responsibilities for Charges: Any transaction-related costs, such as credit card fees or fraud processing checks, are the client’s responsibility.

Platform Usage

Grant of Access: The Company provides the client and its authorized users with a non-exclusive, non-transferable, and revocable license to access and use the platform solely for purchasing and distributing digital assets. Usage rights are conditional upon compliance with these terms, including the timely payment of all applicable fees.

Client Responsibilities: The client is responsible for maintaining the confidentiality of login credentials and ensuring only authorized personnel access the platform. The Company will not be liable for any losses resulting from unauthorized access due to a failure to safeguard access credentials.

Security Measures: The client must immediately report any security incidents, unauthorized access, or breaches involving the platform.

Restrictions: The client must ensure the platform is not used for fraudulent, unauthorized, or illegal purposes. Unauthorized modification, distribution, or reverse engineering of the platform is strictly prohibited.

API Usage

API Access and Integration: The Company provides access to its API for integration with the client’s systems. This license is non-transferable, non-sublicensable, and solely for facilitating digital asset transactions and distributions.

Operational Responsibilities: The client is solely responsible for securing API keys, maintaining its platform's functionality, and ensuring compliance with data protection standards.

Limitations on Use: The client may only use the API for approved purposes as outlined in the agreement and must not exploit the API for unauthorized services or activities.

Modification and Updates: The Company reserves the right to modify or update the API. Reasonable notice will be provided for changes that require integration updates.

Security Incidents: In the event of a security breach involving the API, the client must notify the Company within 48 hours and cooperate in mitigating any potential impacts.

Support Services

Scope of Support: The Company offers reasonable technical assistance for the use of its platform and API, including access to documentation and product support materials.

Availability: Support is available during standard business hours on designated business days.

Client Obligations: The client must ensure its users first address queries to their internal support channels or the relevant digital asset provider before contacting the Company.

Digital Assets

Availability and Purchase:

The Company offers digital assets for purchase through its platform or API, subject to availability.

Purchases may be made using either:

  • A pre-funded account balance ("Buyer Float"), which can be replenished via payment.
  • Credit or debit cards (platform-only), with additional processing fees disclosed at checkout.

Order Fulfillment:

Once payment is processed, the Company will deliver the ordered digital assets either:

  • Directly to the recipients via email.
  • Through the client’s platform for further distribution.

The client is solely responsible for ensuring recipient information is accurate. The Company will not be liable for delivery failures caused by incorrect information provided by the client.

Limitations:

The Company reserves the right to:

  • Impose order quantity limits.
  • Reject or delay orders due to technical or operational constraints.
  • Modify available digital assets or discontinue relationships with certain providers.

Refunds:

All purchases are final. Refunds are only granted in cases of Company error, determined at the Company’s discretion. The client is responsible for managing any refunds issued to end customers.

Responsibility for Fees:

The client will cover all transaction fees incurred during purchases, including third-party charges.

Advanced Allocations

Purpose:

In cases where the client’s Buyer Float is insufficient to complete a transaction, the Company may, at its discretion, provide an "Advanced Allocation" to temporarily increase the available balance.

Conditions:

Advanced Allocations are subject to:

  • A pending payment by the client to replenish the Buyer Float.
  • Written confirmation of payment provided by the client to the Company.

Repayment:

Advanced Allocations are treated as a debt owed by the client and must be repaid promptly. The Company may offset this amount against the Buyer Float or require immediate payment.

Client Obligations

Compliance:

The client must:

  • Abide by all applicable laws, including those related to financial regulations, anti-money laundering, and electronic transactions.
  • Ensure that end customers and recipients comply with the terms of use for digital assets.

Fraud Prevention:

The client is responsible for implementing security measures to prevent unauthorized or fraudulent use of the platform, API, and digital assets.

Transparency:

Upon request, the client must provide the Company with:

  • Details regarding the intended use of digital assets.
  • Information about end customers and recipients.
  • Documentation required to meet compliance standards.

Indemnification:

The client agrees to indemnify and hold the Company harmless against any losses arising from:

  • Breach of these obligations.
  • Fraudulent activities conducted through the client’s platform.

Ownership

Company’s Intellectual Property:

The Company retains full ownership of all intellectual property rights related to its platform, API, and associated technologies. The client is granted only the limited, non-transferable rights explicitly stated in this agreement.

Client Data:

Ownership of client-provided data remains with the client. The Company is granted a license to use this data solely to provide services under the agreement.

Reservation of Rights:

Except for the limited rights granted, no transfer of ownership or licensing of intellectual property occurs under this agreement.

Restrictions

Prohibited Activities:

The client shall not:

  • Modify, distribute, or create derivative works of the Company’s technology.
  • Reverse-engineer or attempt to extract source code from the platform or API.
  • Use the technology for purposes other than those specified in the agreement.

Unauthorized Access:

The client must ensure that only authorized personnel access the platform and API. Any misuse, including sharing access credentials with unauthorized users, is prohibited.

Data Security:

The client is responsible for implementing adequate security measures to protect its systems and prevent unauthorized use of the Company’s technology.

Competitor Clause:

The Company reserves the right to restrict access if the client employs or contracts individuals who also work for a competitor offering similar services.

Data Protection

Compliance with Laws:

Both parties must comply with applicable data protection laws, including the General Data Protection Regulation (GDPR) or equivalent local laws.

Company’s Obligations:

  • Process client data only as necessary to fulfill its contractual obligations.
  • Implement reasonable security measures to protect client data against unauthorized access or disclosure.

Client’s Obligations:

The client warrants that it has obtained necessary permissions to share any personal or sensitive data with the Company. The client is responsible for ensuring data uploaded to the platform complies with all applicable regulations.

Data Breach Notification:

In the event of a data breach involving client data, the Company will notify the client promptly and take appropriate measures to mitigate risks.

Retention of Data:

Upon termination of the agreement, the Company will retain client data only as required by law or regulatory obligations.

Indemnification

Company’s Indemnity:

The Company agrees to indemnify the client against third-party claims that the client’s authorized use of the Company’s technology infringes intellectual property rights, provided:

  • The client notifies the Company promptly of the claim.
  • The Company retains control of the defense and settlement of the claim.
  • The client provides full cooperation in resolving the matter.

Client’s Indemnity:

The client agrees to indemnify and hold the Company harmless against any claims, losses, or damages arising from:

  • Breach of this agreement.
  • Fraudulent or unauthorized use of the Company’s platform or API by the client or its users.
  • Non-compliance with applicable laws, including data protection regulations.

Exclusions:

The Company’s indemnity does not apply if claims arise due to:

  • The client’s misuse or unauthorized modification of the technology.
  • Use of the platform in combination with other unauthorized software or systems.

Confidentiality

Definition of Confidential Information:

"Confidential Information" includes all non-public information shared between the parties under this agreement, including:

  • Details of the platform, API, and associated technologies.
  • Client data, business strategies, and proprietary methods.

Obligations:

Both parties agree to:

  • Maintain the confidentiality of shared information.
  • Use the information only for purposes outlined in this agreement.
  • Prevent unauthorized disclosure to third parties, except as required by law or with prior written consent.

Exceptions:

Confidentiality does not apply to information that:

  • Becomes public knowledge through no fault of the receiving party.
  • Was known to the receiving party before disclosure.
  • Is disclosed legally by a third party without restrictions.

Return or Destruction of Information:

Upon termination of the agreement, each party must return or destroy all confidential information unless retention is required by law or for regulatory purposes.

Marketing

Company’s Use of Client Information:

The client consents to the Company referencing their name and logo in marketing materials, case studies, and client lists, provided:

  • The Company obtains prior written approval for using any trademarks or branding.

Client Testimonials:

The client agrees to provide a testimonial if the Company’s technology meets their expectations and requirements.

Promotional Activities:

Any joint marketing or promotional campaigns must be mutually agreed upon in advance.

Limitations of Liability

Exclusion of Certain Damages:

To the fullest extent permitted by law, neither party will be liable for:

  • Loss of profits, revenue, or anticipated savings.
  • Indirect, incidental, special, or consequential damages.
  • Loss or corruption of data.

Maximum Liability:

The Company’s total liability in connection with this agreement, whether in contract, tort, or otherwise, is limited to the greater of:

  • $100,000, or
  • The total fees paid by the client to the Company in the 12 months preceding the claim.

Exceptions:

The limitations in this section do not apply to:

  • Death or personal injury caused by negligence.
  • Fraud or willful misconduct.
  • Breaches of confidentiality or data protection obligations.
  • Indemnification obligations as specified in this agreement.

Termination

Termination by Either Party:

Either party may terminate this agreement with immediate effect if the other:

  • Commits a material breach and fails to remedy it within 30 days of receiving notice.
  • Becomes insolvent, ceases operations, or enters into bankruptcy or liquidation.

Termination by the Company:

The Company may terminate the agreement if:

  • Regulatory changes make it impractical or unlawful to provide services.
  • The client fails to pay fees within the specified timeframe.

Notice Period for Termination:

In cases where no breach has occurred, either party may terminate with 60 business days' written notice.

Post-Termination Obligations:

  • The client must settle all unpaid fees, including any advanced allocations, within 10 business days of termination.
  • The Company will refund any remaining balance in the Buyer Float, less amounts owed, within 60 business days of termination.
  • Both parties must return or destroy all confidential information obtained during the agreement, except for:
    • Copies required to comply with legal or regulatory obligations.
    • Backup records that cannot be readily deleted.

Provisions related to confidentiality, indemnification, liability, and intellectual property rights will survive termination. The client’s rights to use the Company’s platform and API terminate immediately upon the agreement’s end.

Non-Solicitation

Restrictions on Brand Relationships:

During the term of this agreement, the client agrees not to:

  • Directly solicit business from any brand or partner introduced by the Company for purchasing digital assets, unless a prior relationship existed before engagement with the Company.

Duration:

This restriction remains in effect for the duration of the agreement and may be extended for a reasonable period if specified in supplementary agreements.

Force Majeure

Definition:

A "Force Majeure Event" refers to circumstances beyond a party's reasonable control, including but not limited to:

  • Acts of nature, natural disasters, or severe weather conditions.
  • Government actions, war, terrorism, or civil unrest.
  • Labor disputes or strikes (other than those involving the affected party’s employees).
  • Internet or utility failures.

Effect on Obligations:

Neither party will be liable for failure to fulfill contractual obligations due to a Force Majeure Event. The affected party must notify the other promptly and take reasonable steps to mitigate delays or damages.

Termination for Extended Force Majeure:

If the Force Majeure Event continues for more than three months, either party may terminate the agreement with 30 days’ written notice.

Miscellaneous Terms

Assignment:

The client may not transfer or assign its rights or obligations under this agreement without prior written consent from the Company. The Company may assign its rights and obligations to an affiliate or successor without client consent.

Amendments:

The Company reserves the right to modify these terms. Updated terms will take effect upon notice or publication, and continued use of the platform constitutes acceptance.

Waiver:

Failure to enforce any term of this agreement does not constitute a waiver of that term or any other rights.

Severability:

If any provision of this agreement is deemed invalid or unenforceable, the remaining provisions will remain in effect.

Entire Agreement:

This document constitutes the entire agreement between the parties, superseding all prior understandings or communications.

No Agency or Partnership:

Nothing in this agreement creates a partnership, agency, or joint venture between the parties.

Third-Party Rights:

No third party may enforce the terms of this agreement except where explicitly stated.

Notices:

All notices under this agreement must be sent in writing to the designated contact email addresses.

Governing Law and Jurisdiction:

For U.S. clients: This agreement is governed by the laws of the State of Delaware, with disputes resolved in Delaware courts.

Counterparts:

This agreement may be signed electronically or in counterparts, each constituting a valid and enforceable document.