Last Updated: June 2022
THESE TERMS OF SERVICE CONTAIN AN ARBITRATION PROVISION, SECTION 26, BELOW.
These “Terms of Service” (“Agreement” or “Terms”) are between RECUR Forever Inc., a corporation organized under the laws of the State of Delaware with offices at 1209 Orange Street, Wilmington, Delaware 19801 USA (“RECUR”) and the person accepting these Terms (“User” or “You”). It is effective on the date You “Accept” these Terms electronically.
A “Token” is a digital identifier, typically a long string of numbers, letters, and characters sometimes referred to as a “hash”, that enables the owner of the Token to view, hear, or otherwise access specific Content associated with that identifier. The Token has technical attributes that enable uniqueness, security, authenticity, ownership, tracking, access, and association with contract terms issued by RECUR (“Smart Contract”). A Token does not contain a copy of Content. A Token digitally directs to Content residing in a secure computer network.
To receive Services through a Site, User must create an account with RECUR. By creating an account, each User represents and warrants to RECUR the following: (a) User is an individual who is at least eighteen (18) years of age; (b) all information provided in connection with their account is correct and complete; (c) User shall update information in their account so that information is always correct and complete; (d) their transactions involving Tokens will always take place either on a RECUR Site or via a digital ledger where records of the transaction are public, such as blockchain; (e) User shall not provide their account credentials (logins, passwords, or other means of access or authentication) to third parties; (f) only User shall conduct activity through User’s account; (g) User shall notify RECUR immediately of any suspected breach of security or unauthorized use of the account; (h) User shall not conduct any activity at a Site, or in connection with the Tokens purchased from RECUR, that violates any applicable Law (defined below); (i) User shall not transfer or assign their account; (j) User is not located in a country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a “terrorist supporting” country, or that is listed on any U.S. Government list of prohibited or restricted parties, and shall not re-sell, gift, or otherwise transfer a Token to such a person.
For purposes of verification, fraud prevention, compliance with law and with these Terms of Service, and Site security, Recur or its contractors (each, a “Data Contractor”) will collect information about persons seeking to establish accounts and/or otherwise purchase Tokens or use the Site (“Submitted Data”). Such Submitted Data may be analyzed via machine learning, artificial intelligence, and analyses based upon various databases intended to assist in verification and compliance. Data Contractor will provide the results of that analysis to Recur (“Provided Data”). Submitted Data and Provided Data are referred to collectively as “Customer Data” for purposes of this Section. User hereby grants Recur a broad license to use Customer Data in connection with its business, and to authorize Data Contractor the right to use Customer Data; without limitation: the right to copy, transmit, use, host, perform, display, and create derivative works; to combine with other data; and to operate, analyze, improve, and promote the services of RECUR and/or the Data Contractor; to evaluate and assess compliance by User with applicable law. This license is worldwide, irrevocable, perpetual, royalty-free, paid up, sublicensable and transferable, for all media now known or later developed. User hereby waives and claim against RECUR or Data Contractor for use of Customer Data as set forth above.
After User completes the process for purchasing access to specific Content, RECUR will “mint” the Token. Minting means that RECUR generates the link in the Token, attaches the Smart Contract, associates that Token with User, and provides User with the minted Token. Regardless of the price paid for any Token, User acknowledges that neither RECUR nor its Licensors make any promise that a Token has a specific value, or will have any specific value, or will have any inherent value.
In accordance with all terms of this Agreement, RECUR grants the purchaser of a Token the right to: (a) view Content associated with the Token; (b) share the link associated with the Token to enable third parties to view the Content; (c) gift, re-sell, or otherwise transfer ownership of the Token to any third party lawfully entitled to acquire it; (d) use another third party public blockchain as a ledger for ownership of a particular Token. The rights granted above are in perpetuity and subject to all provisions of this Agreement. User’s rights are limited to those expressly granted, and no rights shall be implied. At the time of purchase of the Token, the Content resides on the Site. If User wishes that a different third party host the Content, User is responsible for ensuring that the terms of service of such new host meets the needs of User and complies with the terms of this Agreement. Upon transfer of the Token by User, RECUR has no further liability to User for hosting the Content that is identified by the Token. Persons who purchase from User Tokens minted by RECUR, including their downstream purchasers, are entitled to the rights set forth in this Section and are subject to all terms of this Agreement. Upon User’s transfer of title to a Token, all licenses granted to User with respect to such Token shall terminate.
The Content remains the sole and exclusive property of RECUR or its Licensors (defined below). These retained rights include intellectual property and intangible rights, such as trademark, character rights, copyright, neighboring rights, graphic design, industrial design, rights of personality, rights of publicity, rights of privacy, and the digital file constituting a copy of the Content. The purchaser of a Token acquires no ownership of the Content with which that Token is associated. User shall not alter, seek to avoid, or interfere with the technology embodying or linking to the Smart Contract associated with a Token.
In most cases, the Token links to Content that contains the intellectual property rights of a third parties who have licensed such Content to RECUR (“Licensors”). Other than the right to sell the Token, User may not make any commercial use of the Content associated with a Token. This prohibition is intended to be interpreted broadly. User may not use the Content to suggest any affiliation, sponsorship, approval, endorsement, or other relationship between User and the subject matter of the Content or the owner/Licensor of the intellectual property rights in the Content. User shall not create any products, provide services, adopt as a social media handle, use as the name of a social media account, use as a trademark or trade name, or otherwise use or exploit any intellectual property associated with Content. User shall not display the Content in a context that may embarrass, or bring into disrepute, or enmesh in controversy, the Content or the owner of the intellectual property rights in the Content (by way of example, displaying the Content in connect with personal attacks, harassment, discrimination, pornography, cruelty, sex, guns, alcohol, hate speech, or politics). Some Licensors require, as a condition of User’s purchase of a Token that directs to Content licensed to RECUR by Licensor, that User also accept Licensor’s terms of service, or license agreement, or other contract terms in addition to these Terms (“Licensor Terms”). Licensor Terms are set by Licensor, are a contract between Licensor and User, and are enforceable by the Licensor. With respect to Tokens purchased from RECUR that relate to Content licensed to RECUR by a Licensor, in the event of any conflict between these Terms and Licensor Terms, the provisions of Licensor Terms shall control.
RECUR owns all data generated through use of the Site and the purchase of Tokens and other Services (“Data”). RECUR may use Data (a) to process transactions at the Site and in connection with this Agreement and to otherwise implement this Agreement; (b) investigate and verify proper conduct at the Site and to monitor the security and integrity of the Site; (c) as required by law and/or in response to service of legal process, such as a court order, summons, subpoena, and the like; (d) to enhance the User experience at the Site, to understand how the Site is used, to communicate with its Users about RECUR and the Site, and to analyze, develop, and promote its business; (e) to communicate with User about the Token, the Site, and this Agreement. The authorization set forth in this section is irrevocable, royalty-free, worldwide, and transferable.
RECUR represents and warrants that it has the right to sell the Tokens offered through the Site in accordance with all terms of this Agreement, and that the Tokens sold to User shall conform to their written descriptions. User has ten (10) days after purchase of a Token to review the Token and ensure compliance with its applicable description. If User determines that a Token fails to conform, it shall notify RECUR in writing promptly, but in no event after such ten-day time period, after which the sale of the Token is irrevocable. In the event of a nonconforming Token, RECUR shall repair or replace the Token with a conforming Token or, in its discretion, refund the purchase price of the Token. The foregoing is the sole and exclusive remedy available to User in the event of its purchase of nonconforming Tokens. Otherwise, RECUR provides, and User accepts the Site and the Tokens “AS IS,” WITH NO WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, AND INCLUDING (WITHOUT LIMITATION) ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. By way of example, RECUR does not represent or warrant that the Content will be accessible on sites not hosted by RECUR.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL RECUR BE LIABLE TO USER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, LOST PROFITS, BUSINESS INTERRUPTION LOSSES, OR LOSS OF DATA, RESULTING FROM THIS AGREEMENT, ACTIVITY AT THE SITE, OR ACTIONS BY THIRD PARTIES, REGARDLESS OF THE THEORY OF LIABILITY, INCLUDING EXPRESS CONTRACT, IMPLIED CONTRACT, NEGLIGENCE, WARRANTY, OR MISREPRESENTATION, AND WHETHER OR NOT RECUR IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. DIRECT DAMAGES ARE LIMITED TO THE AMOUNT OF THE PURCHASE PRICE PAID BY USER TO RECUR FOR THE TOKEN THAT IS THE SUBJECT OF ANY USER CLAIM. As used in this section, “RECUR” includes RECUR and its Licensors, and their officers, directors, members, employees, contractors, agents, affiliates, related business entities, successors, and assigns.
User shall not take any action to interfere with the operation of the Site, attempt to copy its underlying technology, upload other computer programs or files, or copy Content. User agrees not to use any automated software (crawlers, robots, bots, spiders, extractors, etc.) at the Site; or circumvent, disable, or otherwise interfere with security-related features or digital rights management functions at the Site or in connection with the Token; or hack, reverse engineer, or disable any technology at the Site or relating to the Token.
RECUR may use third parties for services relating to the technology used to receive, store, and transmit data (such as server operations, hosting, maintenance, support, upgrading, and repair). Servers relating to the functioning of the Site may occasionally be inaccessible due to repair, maintenance, upgrades, power sources, and other factors. Information transmitted by Users may be sent over an unsecured connection to an email service provider. If You have technical problems with any Site or with access to the Token, or other issues regarding user experience, please contact RECUR at email@example.com.
RECUR may suspend or terminate User access to the Site, access to Content, use of Tokens, and/or access to Service, in any of the following circumstances: (a) response to legal process, (b) investigation of conduct that is inconsistent with User obligations under this Agreement, (c) new Laws relating to NFTs, (d) termination of rights by RECUR Licensors that affect rights previously granted, and (e) conduct of User that is alleged to be a violation of Law. RECUR shall notify User in the event of such suspension/termination and shall provide information regarding resumption of access, when applicable. User agrees that its damages against RECUR and/or its Licensors in the event of wrongful suspension or termination of access to Content/Token is limited to the purchase price of the Token that is the subject of such suspension/termination or Two Hundred Dollars (U.S. $200.00), whichever is less.
User acknowledges that its account with RECUR and its access to the Content and Tokens is based upon the truth of the promises, statements, and representations made in this Agreement. User is solely responsible for any costs, expenses, and damages arising from breaches of this Agreement or third party assertions inconsistent with User promises, statements, representations, and warranties. This obligation survives termination of this Agreement. User agrees to use its best efforts to assist RECUR in the investigation and resolution of any third party claim or assertion inconsistent with User’s obligations under this Agreement, at no charge and promptly upon receipt of notice from RECUR of such claim or assertion.
RECUR may engage third parties (such as Circle Internet Financial, Inc.) (“Circle”) to provide Users with financial payment capabilities using both traditional and digital currencies (“Wallet Services”).
a. User may apply for their personal Wallet Services account with Circle through any of the Sites (“Wallet Services Account”) and must accept and comply with Circle’s terms of service, available here. User may, through User’s account on a Site, load traditional or digital currency to check a current balance at, or withdraw traditional or digital currency from User’s Wallet Services Account. RECUR may share User’s Data with Circle or request User’s Data from Circle to enable User’s use of Wallet Services on a Site. All fees related to User’s use of Wallet Services and a Wallet Services Account, such as ACH transfer fees or credit card processing fees, are the responsibility of User.
b. All Wallet Services are provided by Circle and all transactions involving Wallet Services are between User and Circle. User alone has control of and responsibility for transactions related to the Wallet Services. RECUR does not provide either Wallet Services or the Wallet Services Account. RECUR does not handle payment capabilities, including payment processing, the holding or withdrawal of traditional or digital currencies, refunds, or returns. RECUR makes no representations as to Circle’s fulfillment of services related to the Wallet Services Account, including completing purchases or sales on a Site using Wallet Services. RECUR has no liability to User for Wallet Services.
RECUR is not a bank. It is not a money services business, is not registered as such with the U.S. Department of the Treasury Financial Crimes Enforcement Network (“FinCEN”) or Financial Transactions and Reports Analysis Centre of Canada (“FINTRAC”), and is not registered as a money transmitter under any state law. NFTs hosted on a Site are not insured by the Federal Deposit Insurance Corporation of the United States.
This Agreement is entered into, performed in, and based in Wilmington, Delaware USA. Neither the Site nor this Agreement gives rise to personal jurisdiction over RECUR, either specific or general, in jurisdictions other than Delaware. This Agreement shall be governed by the internal substantive laws of the State of Delaware, without respect to its conflict of laws principles. Any claim or dispute between User and RECUR that arise in whole or in part from the Site, the Tokens, or this Agreement shall be decided exclusively by a court of competent jurisdiction located in (or having jurisdiction over) the United States District Court for the District of Delaware. Without limitation, neither the conduct of RECUR nor Users in connection with this Agreement, nor the terms of this Agreement, are affected by Laws outside of the State of Delaware or the federal laws of the United States of America.
RECUR may provide User with notices, including those regarding changes to this Agreement, by email using the information provided by User in its account, or by postings to the Site. Notice is deemed given upon the earlier of (a) actual receipt, (b) twenty-four (24) hours after an email is sent, or (c) ten (10) calendar days after a notice is posted to the Site. User stipulates to electronic communications as the sole method of notice and communications, including service of legal process. During the term of this Agreement it is possible that the purchase, sale, use, and transfer of ownership of Tokens may become subject to one or more Laws not in effect as of the Effective Date, or a change in the ownership of intellectual property rights of RECUR’s Licensors relevant to Tokens. Such new Laws, if any, or change of ownership, may fundamentally alter the power of RECUR to grant the rights above or the exercise of such rights by User. In such case, RECUR shall update its terms of service and notify User electronically of any amendment to this Agreement.
You may contact RECUR at (RECUR may update its contact information in accordance with the terms for modification of this Agreement):
RECUR Forever Inc.
1209 Orange Street
Wilmington, Delaware 19801 USA
By providing Your mobile/cellular phone number to RECUR, whether at sign-up or when updating Your contact information, You agree to receive text (SMS) messages from RECUR. RECUR will send text messages related to authorization of access to Your account and to promotions related to the Site. Message frequency will vary. Consent to receive promotional text messages is not a condition of access to RECUR’s services. Your wireless carrier’s standard messaging rates apply to all text messages received and sent, including any downloading of content. All charges are billed by and payable to Your wireless carrier.
a. You represent that You are the owner or authorized user of the phone number You provide to RECUR and the wireless device You use to subscribe to RECUR’s services. You represent that the information You provide is accurate and complete. You represent that You are authorized to approve the applicable charges.
b. Data obtained from You in connection with this SMS service may include Your mobile phone number, Your carrier's name, and the date, time, and content of Your messages and other information that You may provide. We may use this information to contact You and to provide the services You request from us, and to otherwise operate, develop, and improve RECUR’s services. Your wireless carrier and other service providers may also collect data from Your SMS usage, and their practices are governed by their own policies. We may disclose information in compliance with legal process, investigations, or governmental request; to avoid liability, to protect our rights, the rights of our Users, or the intellectual property rights of our licensors.
c. RECUR is not liable for any delays or failures in Your receipt of any messages, as delivery is subject to effective transmission from Your network operator and processing by Your mobile device. RECUR provides text message services on an AS IS, AS AVAILABLE basis. RECUR reserves the right to alter the terms applicable to text messages from time to time. RECUR may suspend or terminate the text message service if it believes You are in breach of the terms and conditions. The text message service is also subject to termination in the event Your wireless service terminates or lapses. RECUR may discontinue this service at any time.
Any claim under this Agreement Token must be brought within one (1) year of the purchase of the Token that is the subject of such claim; all other claims must be brought no later than two (2) years after on the date User knew or should have known about the facts giving rise to the claim.
This Agreement incorporates by reference all terms appearing at the links identified in this Agreement. The Agreement may be updated and modified by RECUR from time to time. Those modifications are incorporated as part of the Agreement. User will be notified of significant modifications when it accesses its account or the Site. If User does not accept the modifications to the Agreement, its sole remedy is to conclude its use of the Site. Provisions which, by their nature, are intended to survive termination shall continue, by way of example, exclusive remedy, shortened statute of limitation, indemnification, and limitation of liability for damages. As used in this Agreement, “Law” means applicable federal, state, and local statutes, regulations, ordinances, executive orders, and civil laws applicable to this Agreement and the conduct of each party.
The parties shall attempt to resolve any disputes through good faith business negotiations or facilitative mediation in Wilmington, Delaware. The parties may agree to participate electronically through a platform by which all parties and the mediator can be seen and heard (such as Zoom). All disputes or claims arising out of or relating to this Agreement (including the breach thereof) shall be settled by arbitration, to be conducted by a single arbitrator in Wilmington, Delaware, by and in accordance with the then effective commercial rules of the American Arbitration Association or JAMS or similar professional dispute resolution provider; provided that the arbitrator shall not have authority to issue injunctions against RECUR or its licensors. The costs of the arbitration and the reasonable attorneys’ fees of the prevailing party shall be included in any award rendered by the arbitrator. Judgment upon the award may be entered in any court having jurisdiction thereof. Other legal proceedings, if any, shall be initiated and maintained only in the United States District Court for the District of Delaware. The parties expressly submit to the exclusive personal jurisdiction and venue of these courts and waive any objection on the grounds of personal jurisdiction, venue, or forum non conveniens.
It shall not be a material breach of this Agreement, and neither party shall be liable to the other, if prevented from performing its duties or responsibilities under this Agreement by reason of any fire or other casualty, acts of God, earthquake, floods, explosions, interrupted power supply, sabotage, war, riots, acts of terrorism; inability to procure or a general shortage of labor, equipment, facilities, materials or supplies in the open market; strikes, court orders, laws, regulations, or orders of government or military authorities; pandemic; or any other cause not within the control of such party whose performance is delayed.
No waiver by RECUR shall be implied. A waiver must be in writing and signed by an officer of RECUR. If any portion of this Agreement is found to be unenforceable, such portion will be modified to reflect the parties' intent set forth in such portion and only to the extent necessary to make it enforceable. The remaining provisions of this Agreement will remain in full force and effect. RECUR may assign, subcontract, delegate, and transfer its rights and obligations under this Agreement to a third party. User represents they have the legal power to enter into this Agreement. These Terms are binding upon the heirs, personal representatives, successors, and assigns of User.