Terms of Service

Last updated: October 23rd, 2018

These Terms of Service (“Terms”, “Terms of Service”) govern your relationship with https://www.cedium.io website (the “Service”) operated by CORLD OÜ. (“us”, “we”, or “our”).

Please read these Terms of Service carefully before signing up.

Your access to and use of the Service is based on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.

By accessing or using the Service you agree to be bound by these Terms and accept all legal consequences. If you do not agree to these terms and conditions, in whole or in part, please do not use the Service.

Intellectual Property

The Service and all contents, including but not limited to text, images, graphics or code are the property of CORLD OÜ and are protected by copyright, trademarks, database and other intellectual property rights. You may display and copy, download or print portions of the material from the different areas of the Service only for your own non-commercial use. Any other use is strictly prohibited and may violate copyright, trademark and other laws. These Terms do not grant you a license to use any trademark of CORLD OÜ or its affiliates. You further agree not to use, change or delete any proprietary notices from materials downloaded from the Service.

General

Purchasing of Cedium Tokens does not present an exchange of cryptocurrencies or conventional currencies for any form of ordinary shares of the Seller and the Buyer of Cedium Tokens is not entitled to any guaranteed form of dividend. The Buyer is only entitled to certain rights within the Terms and Conditions. Cedium Tokens are not intended to constitute securities in any jurisdiction.

Before purchase of Cedium Tokens, carefully read all the information set out in this Disclaimer. We strongly recommend you to seek out independent financial and legal advice before engaging in any sort of business endeavor.

Cedium Token is not an investment-grade security of any kind or an investment contract according to the Howey Test. Cedium Token is a digital token for participation and use of the Corld platform’s services and does not confer ownership of a stake in the business. The value of Cedium Token is not based on the efforts of others, but fluctuates based on the natural occurrences in the market. Cedium Token is not meant to appreciate in value or be resold.

All purchases of CEU are final

ALL PURCHASES OF CEU ARE FINAL. PURCHASES OF CEU ARE NON-REFUNDABLE. BY PURCHASING CEU, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, DIRECTORS OR SHAREHOLDERS ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON. IF THE COMPANY BELIEVES, IN ITS SOLE DISCRETION, THAT ANY INDIVIDUALS OR ENTITIES OWNING CEU CREATES MATERIAL REGULATORY OR OTHER LEGAL RISKS OR ADVERSE EFFECTS FOR THE COMPANY AND/OR CEU, THE COMPANY RESERVES THE RIGHT TO BUY ALL CEU FROM SUCH CEU OWNERS AT THE THEN-EXISTING MARKET PRICE.

Taxation of CEU and Taxation Related to the TDE

The Purchaser bears the sole responsibility to determine if the purchase of CEU with BTC, ETH or the potential appreciation or depreciation in the value of CEU over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing CEU, and to the extent permitted by law, the Purchaser agrees not to hold any of the Company, its affiliates, shareholders, director, or advisors liable for any tax liability associated with or arising from the purchase of CEU.

Situations Where Corld is Not Liable

The Corld Team is not liable for failure to perform solely caused by:

  • Death

  • Embargoes

  • government orders,

  • acts of civil or military authorities,

  • emergency conditions (including weather conditions),

  • security issues arising from the technology used,

Or any similar unforeseen event that renders performance commercially implausible. If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the Terms, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.

Limitations on Waiver Liability

THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO (i) USE OF, OR INABILITY TO USE, CEU OR (ii) THE CORLD TEAM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE CORLD TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, CEU, OR ARISING OUT OF ANY INTERACTION WITH THE SMART CONTRACT IMPLEMENTED IN RELATION TO CEU. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE CORLD TEAM IS NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF CEU, AND THAT THE RISK OF PURCHASING AND USING CEU RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE CORLD TEAM BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAVE PAID TO THE COMPANY FOR THE PURCHASE OF CEU. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE CORLD TEAM.

Complete Agreement

These Terms set forth the entire understanding between the Purchaser and the Company with respect to the purchase and distribution of CEU. For facts relating to the distribution and purchase, the Purchaser agrees to rely only on the Terms in determining purchase decisions and understands that the Terms govern the distribution of CEU and supersede any public statements about the CEU token distribution made by third parties or by the Corld Team or individuals associated with any of the Corld Team, past and present and during the CEU token distribution.

Updates the Terms

The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the distribution by posting the amended Terms on the Website. Any Purchaser will be deemed to have accepted such changes by purchasing CEU. The Terms may not be otherwise amended except by express consent of both the Purchaser and the Company.

Additional KYC

Corld reserves the right to perform additional KYC before tokens are distributed to purchasers of CEU tokens.

Delivery of CEU Tokens

CEU tokens will be delivered to the purchasers ERC-20 wallet after the completion of the Token Distribution. Your full amount will be shown in your dashboard in the meantime.

 

Contact Us

If you have any questions about these Terms, please contact us at [email protected]