Chainremita Terms and Conditions

Chainremita terms and conditions is a complete guide for using any of our products and services of Chainremita Cybernated Systems LTD.

Terms of use

Using this website, any of our websites and/or services, you agree to these Terms of Use of Chainremita terms and conditions. We incorporate the website Privacy Policy, Acceptable Use Policy, Anti Money Laundering/Customer Due Diligence/Countering the Financing of Terrorism (AML/CDD/CFT) policy and Merchant Terms of Service (where applicable) into these Terms of Use.

Chainremita is an independent contractor for all purposes, providing this website and our services on an independent service provider basis. We do not have control or assume the liability or legality for the products or services you pay for with our service. Also, we do not guarantee any user’s identity and cannot ensure that a buyer or seller will complete a transaction.

This Terms of Use is an agreement between you and Chainremita Cybernated Systems LTD (hereinafter referred to as “Chainremita”), which is the operator of its platforms including but not limited to chainremita.com, web and mobile applications, Application Programming Interfaces (APIs), etc. It details Chainremita’s obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services.

Chainremita is committed to managing your Personal Information in line with global industry best practices. You can read our Privacy Policy to understand how we use your information and the steps we take to protect your information.

Our website and services are not meant for children under 18. We do not knowingly transact or provide any services to children under 18.

Disputes & Reversal

If you believe that an unauthorized or otherwise problematic transaction has taken place, you agree to notify us immediately, to enable us take action to help prevent financial loss.

You should make all claims against us related to payments within forty-five days after the date of such payment. You agree waive all claims against us, to the fullest extent of the law after the said period of time.

If you enter into a transaction with a third party and have a dispute over the goods or services you purchased, we have no liability for such goods or services. Our only involvement with regard to such transaction is as a payment application.

We may intervene in disputes between users and merchants concerning payments. But, in Chainremita terms and conditions, we have no obligation to do so.

Chainremita require your transaction ID and/or transaction details to resolve all disputes.

Acceptable Use Policy

You are independently responsible for complying with all applicable laws related to your use of our website and services. However, by accessing or using Chainremita, you agree to comply with the  Acceptable Use Policy of Chainremita terms and conditions.

Disclaimers

We try to keep Chainremita available at all times, bug-free and safe, however, Our website and services are provided “as is” without any express, implied and/or statutory warranties (including, but not limited to, any implied or statutory warranties of merchantability, fitness for a particular use or purpose, title, and no infringement of intellectual property rights). Without limiting the generality of the foregoing, Chainremita makes no warranty that our website, products and services will meet your requirements or that our website will be uninterrupted, timely, secure, or error free. No advice or information, whether oral or written, obtained by you through our website or from Chainremita, its parents, subsidiaries, or other affiliated companies, or its or their suppliers (or the respective officers, directors, employees, or agents of any such entities) (collectively, “Chainremita parties”) shall create any warranty.

Limitation of Liability

In no event will any of the Chainremita parties be liable for:

(a) any indirect, special, consequential, punitive, or exemplary damages.

(b) any damages whatsoever in excess of the amount of the transaction or [ Enter Maximum Amount], whichever is lesser (including, without limitation, those resulting from loss of revenues, lost profits, loss of goodwill, loss of use, business interruption, or other intangible losses), arising out of or in connection with Chainremita’s website, product or services (including, without limitation, use, inability to use, or the results of use of Chainremita’s websites, product or services), whether such damages are based on warranty, contract, tort, statute, or any other legal theory.

Exclusions

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain damages. Accordingly, some of the above disclaimers and limitations of liability may not apply to you. To the extent that any Chainremita Party may not, as a matter of applicable law, disclaim any implied warranty or limit its liabilities, the scope and duration of such warranty and the extent of the Chainremita’s Party’s liability shall be the minimum permitted under such applicable law.

Updates

Chainremita may need to update, modify or amend our Terms of Use as our technology evolves. We reserve the right to make changes to this Terms of Use at any time by giving notice to users on this page. Also, We advise that you check this page often, referring to the date of the last modification on the page If a user objects to any of the changes to the Terms of Use, the User must cease using our website and/or services immediately.

Applicable Law

These Terms of Use shall be interpreted and governed by the laws currently in force in the Federal Republic of Nigeria.

Legal Disputes

We shall make an effort to settle all disputes amicably. Any dispute arising out of this Terms of Use, which cannot be settled, by mutual agreement/negotiation within 1 (one) month shall be referred to arbitration by a single arbitrator and governed by the Arbitration and Conciliation Act, Cap A10, Laws of the Federal Republic of Nigeria. The arbitrator shall be appointed by both of us (Chainremita and you), where both of us are unable to agree on the choice of an arbitrator, the choice of arbitration shall be referred to the Court. The findings of the arbitrator and subsequent award shall be binding on both of us. Each of us shall bear our respective costs in connection with the Arbitration. Venue for the arbitration shall be Owerri, Nigeria.

Severability

If any portion of these Terms of Use is held by any court or tribunal to be invalid or unenforceable, either in whole or in part, then that part shall be severed from these Terms of Use and shall not affect the validity or enforceability of any other part in this Terms of Use.

Merchant Terms of Service

By signing up for an account on this website, any of our websites and/or services, you are deemed a merchant and agree to these Merchant Terms of Service

(Please read these merchant terms of service carefully before signing up as a merchant. if you do not agree to any or all of these terms of service, do not use this site!)

Chainremita is an independent contractor for all purposes, providing this website, products and our services on an independent service provider basis. We do not endorse, have control or assume the liability or legality for the products or services that are paid for with our service. Also, we do not guarantee any user’s identity and cannot ensure that a buyer or seller will complete a transaction.

Agreement

These Merchant Terms of Service is an agreement between you and Chainremita. It details Chainremita’s obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services.

Change of Information

In the event that you change any information provided to us at registration including your business name, address, financial institution, mode of payments or the products and services that you offer, or where a corporate restructuring occurs you agree to notify us within 14 days of such change. We may be unable to respond to you if you contact us from an address, telephone number or email account that is not registered with us.

Representation and Warranties

You represent and warrant to Chainremita that you:

  1. have full power and authority to enter into, execute, deliver and perform this Agreement.
  2. are duly organised, authorised and in good standing under the laws of the Federal Republic of Nigeria or any state, region or country of your organisation and are duly authorised to do business in all other states, regions or countries in which your business operates.
  3. are 18years old and above. We do not knowingly transact or provide any services to children under 18.

 

Account Security

You agree not to allow anyone else to have or use your password details and to comply with all reasonable instructions we may issue regarding account access and security. In the event you share your password details, Chainremita will not be liable to you for losses or damages. You will also take all reasonable steps to protect the security of the personal electronic device through which you access Chainremita’s services (including, without limitation, using PIN and/or password protected personally configured device functionality to access Chainremita’s services and not sharing your device with other people).

Data Compliance

You agree to comply with all applicable data privacy and security requirements specified within this site, with regards to your use, access, and storage of certain non-public personal information. Additionally, you agree to comply with your obligations under any applicable law or regulation as may be in effect or as may be enacted, adopted or determined regarding the confidentiality, use, and disclosure of personal information.

We acknowledge that you own all your customers’ data. You hereby grant Chainremita a perpetual, irrevocable, sub-licensable, assignable, worldwide, royalty-free license to use, reproduce, electronically distribute, and display your customers’ data for the following purposes:

  1. providing and improving our services;
  2. internal usage, including but not limited to, data analytics and metrics so long as individual customer data has been anonymized and aggregated with other customer data;
  3. complying with applicable legal requirements and assisting law enforcement agencies by responding to requests for the disclosure of information in accordance with local laws; and
  4. any other purpose for which consent has been provided by your customer.

Software License

We hereby grant you a revocable, non-exclusive, non-transferable license to use Chainremita’s APIs, developer’s toolkit, and other software applications (the “Software”) in accordance with the documentation accompanying the Software upon legal purchase. This license grant includes all updates, upgrades, new versions and replacement software for your use in connection with the Chainremita’s services. If you do not comply with the documentation and any other requirements provided by Chainremita, then you will be liable for all resulting damages suffered by you, Chainremita and third parties. Unless otherwise provided by applicable law, you agree not to alter, reproduce, adapt, distribute, display, publish, reverse engineer, translate, disassemble, decompile or otherwise attempt to create any source code that is derived from the Software. Upon expiration or termination of this Agreement, you will immediately cease all use of any Software.

Registration

To use Chainremita, you have to create a Chainremita account by registering. To register, you will provide us with certain information such as your email, first name, last name,  and phone number, Your bank account details for payments and we may seek to verify your information, (by ourselves or through third parties), after which we will approve your account unless deemed risky. You give us permission to do all these.

Change of Information

In the event that you change any information provided to us at registration including your business name, address, financial institution, mode of payments or the products and services that you offer, or where a corporate restructuring occurs you agree to notify us within 14 days of such change. We may be unable to respond to you if you contact us from an address, telephone number or email account that is not registered with us.

Trademark License

We hereby grant you a revocable, non-exclusive, non-transferable license to use Chainremita’s trademarks used to identify our services (the “Trademarks”) solely in conjunction with the use of our services. You agree that you will not at any time during or after this Agreement assert or claim any interest in or do anything that may adversely affect the validity of any Trademark or any other trademark, trade name or product designation belonging to or licensed to Chainremita (including, without limitation registering or attempting to register any Trademark or any such other trademark, trade name or product designation). Upon expiration or termination of this Agreement, you will immediately cease all display, advertising and use of all of the Trademarks.

Intellectual Property

We do not grant any right or license to any Chainremita intellectual property rights by implication, estoppel or otherwise other than those expressly mentioned in this Agreement.

Each party shall retain all intellectual property rights including all ownership rights, title, and interest in and to its own products and services, subject only to the rights and licenses specifically granted herein.

Publicity

You hereby grant Chainremita permissions to use your name and logo in our marketing materials including, but not limited to use on our website, in customer listings, in interviews and in press releases. Such Publicity does not imply an endorsement for your products and services.

Confidential Information

The parties acknowledge that in the performance of their duties under this Agreement, either party may communicate to the other (or its designees) certain confidential and proprietary information, including without limitation information concerning each party’s services, know how, technology, techniques, or business or marketing plans (collectively, the “Confidential Information”) all of which are confidential and proprietary to, and trade secrets of, the disclosing party. Confidential Information does not include information that:

(i) is public knowledge at the time of disclosure by the disclosing party.

(ii) becomes public knowledge or known to the receiving party after disclosure by the disclosing party other than by breach of the receiving party’s obligations under this section or by breach of a third party’s confidentiality obligation.

(iii) receiving party knew prior to disclosure by the disclosing party other than by breach of a third party’s confidentiality obligations.

(iv) developed independently by the receiving party.

Conditions for Receipt of Confidential Information

As a condition to the receipt of the Confidential Information from the disclosing party, the receiving party shall:

(i) not disclose in any manner, directly or indirectly, to any third party any portion of the disclosing party’s Confidential Information.

(ii) not use the disclosing party’s Confidential Information in any fashion except to perform its duties under this Agreement or with the disclosing party’s express prior written consent.

(iii) disclose the disclosing party’s Confidential Information, in whole or in part, only to employees and agents who need to have access thereto for the receiving party’s internal business purposes.

(iv) take all necessary steps to ensure that it informs its employees and agents and that they comply with the confidentiality restrictions which are in this Agreement.

(v) take all necessary precautions to protect the confidentiality of the Confidential Information received hereunder and exercise at least the same degree of care in safeguarding the Confidential Information as it would with its own confidential information, and in no event shall apply less than a reasonable standard of care to prevent disclosure.

Know Your Customer

You agree that, you are solely responsible for verifying the identities of your customers and memebers of your team, ensuring that you authorize them to carry out the transactions on/through your platform, and determining their eligibility to purchase your products and services.

We also require you to maintain information and proof of service or product delivery to your customer. Where a dispute occurs needing resolution, we may require you to provide Chainremita with these.

Payouts

Subject to the terms of this Agreement, Chainremita and/or its fintech partners will send to your designated “Bank Account”  all amounts settled and due to you from your transactions and progress. After initiating transfer of funds to your Bank Account , we will update information on your Chainremita Dashboard to reflect settlement. Information regarding your transactions that Chainremita process and settle (“Transaction History”) will be available to you when you log into your Chainremita Dashboard.

While we will provide Transaction History in your Chainremita Dashboard, you are solely responsible for compiling and retaining permanent records of all transactions and other data in your Chainremita account as your Team/ business may require. Chainremita is not responsible for maintaining Transaction History or other records in a manner consistent with your record retention obligations.

Security and Fraud Controls

Chainremita is responsible for protecting the security of Payment Data in our possession. We will maintain commercially reasonable administrative, technical, and physical procedures to protect all the personal information regarding you and your customers that we store in our servers from unauthorised access and accidental loss or modification. However, we cannot guarantee that unauthorised third parties will never be able to defeat those measures or use such personal information for improper purposes.

You agree to use other procedures and controls provided by us and other measures that are appropriate for your business to reduce the risk of fraud.

In the event that you suspect any fraudulent activity by a customer, you agree to notify Chainremita immediately and quit the delivery of the service. In addition, where we suspect that there have been frequent fraudulent transactions on your account, we reserve the right to cancel our service to you and/or your account

Payout Schedule

Your Payout Schedule, which is the time it takes us to initiate a transfer to your Bank Account  settled funds from transactions processed through us is on your Chainremita Dashboard. We reserve the right to change your Payout Schedule, suspend payouts to your Bank Account or initiate a Reversal should we deem it necessary due to pending disputes, excessive or anticipated excessive Chargebacks or Refunds, or other suspicious activity associated with your use of Chainremita, or if required by law or court order.

How we handle your Funds

You authorise and instruct Chainremita to hold, receive, and disburse funds on your behalf when we receive such funds from your transactions. If you accept this Agreement, you further authorise Chainremita on how to disburse your settlement funds to you as Payouts and the timing of such Payouts.

You agree that you will not receive any interest or other compensation on the settlement funds that Chainremita holds, pending settlement and Payout to your Bank Account or Wallet Address.

We hold settlement funds in a deposit account or Wallet at Chainremita pending Payouts to you in accordance with the terms of this contract.

Your authorisations will remain valid and be of full effect as long as your Chainremita Account remains active.

Security and Fraud Controls

Chainremita is responsible for protecting the security of Payment Data in our possession and will maintain commercially reasonable administrative, technical, and physical procedures to protect all the personal information regarding you and your customers that we store in our servers from unauthorised access and accidental loss or modification. However, we cannot guarantee that unauthorised third parties will never be able to defeat those measures or use such personal information for improper purposes.

You agree to use other procedures and controls provided by us and other measures that are appropriate for your business to reduce the risk of fraud.

In the event that you suspect any fraudulent activity by a customer, you agree to notify Chainremita immediately and quit the delivery of the service. In addition, where we suspect that there have been frequent fraudulent transactions on your account, we reserve the right to cancel our service to you and/or your account

Notification of Errors

You agree to notify us immediately detect any error while reconciling transactions that Chainremita handled. We will investigate and rectify the errors where verified. In the event that we notice any errors, we will also investigate and rectify such errors.

Where we owe you money as a result of such errors, we will refund the amounts owed to you by a bank transfer to your Bank Account or Wallet Address.

If we perform a transaction erroneously through your platform, report to us immediately. We will investigate any such reports and attempt to rectify the errors by crediting your Bank Account or Wallet Address as appropriate, debiting your account or request for a refund.

If you fail notify us within forty-five days of the occurrence of an error, we will be deem it a waiver of your rights to amounts we owe you due to the error.

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