FIRST ANSWER PTE LTD ("LIMINAL VAULTS") TERMS OF SERVICE PLEASE READ THE FOLLOWING CAREFULLY BEFORE INSTALLING AND/OR USING THE SERVICE. BY SIGNING THESE TERMS OF SERVICE, OR CLICKING “I AGREE”, “ACCEPT” OR OTHER SIMILAR BUTTON, OR BY INSTALLING, ACCESSING AND/OR USING FIRST ANSWER'S "LIMINAL VAULTS" SERVICE, WHICH CONSISTS OF SOFTWARE ON A SAAS BASIS AND/OR MOBILE APPLICATION AND ALL RELATED DOCUMENTATION, MANUALS AND TRAINING MATERIALS (“SERVICE”), YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOU, OR THE COMPANY YOU REPRESENT, (“YOU” OR “LICENSEE”) ARE ENTERING INTO A LEGAL TERMS OF SERVICE WITH FIRST ANSWER PTE LTD, ("LICENSOR" OR "LIMINAL VAULTS" OR "FIRST ANSWER" OR “LIMINAL” or “WE”), AND HAVE UNDERSTOOD AND AGREE TO COMPLY WITH, AND BE LEGALLY BOUND BY, THE TERMS AND CONDITIONS OF THIS TERMS OF SERVICE (THE DATE OF SUCH OCCURRENCE BEING THE "EFFECTIVE DATE"). TO THE EXTENT THAT YOU AGREE TO THIS TERMS OF SERVICE BY CLICKING “I AGREE”, “ACCEPT” OR OTHER SIMILAR BUTTON, YOU HEREBY WAIVE ANY APPLICABLE RIGHTS TO REQUIRE AN ORIGINAL (NON ELECTRONIC) SIGNATURE OR DELIVERY OR RETENTION OF NON-ELECTRONIC RECORDS, TO THE EXTENT NOT PROHIBITED UNDER APPLICABLE LAW.
PLEASE READ THE TERMS OF SERVICE, AS IT GOVERNS YOUR USE OF THE SERVICE. FOR CONVENIENCE, HERE ARE SOME KEY POINTS YOU SHOULD BE AWARE OF:
● Seed Phrase: Licensee is solely responsible for backup of the Seed Phrases (as defined below). First Answer shall assume no responsibility for any loss or damage of Seed Phrase. Each Licensee’s user must have an individual seed phrase which will be used to recover the
Private Key (as defined below). Licensee shall implement appropriate technical, organizational and security measures to make sure that Licensee’s wallet members have access to their individual Seed Phrase.
● Service: A digital assets wallet management software that interacts with various blockchains and enables Licensee to manage transactions using Licensee controlled private keys and monitor its balances of assets (such service, the “Liminal Vaults”). Note that Liminal will never own or hold any private key or any other information that can be used to spend digital assets of the Licensee. Licensee may however opt to use Liminal’s controlled Key as a minority key to coordinate transaction creation and enforce transaction signing policies (See Gas Station defined below). Liminal will however never hold the majority keys to any wallet and consequently will never have access to spend any funds belonging to the Licensee that are stored in the wallet.
● Sanity Testing: Licensee must perform sanity testing to the Service following a setup of each Liminal Vaults Wallet and exchange or counterparty connection, by receiving a digital asset to a Liminal Vaults Wallet and executing a transaction from the Liminal Vaults Wallet.
● Compliance with Applicable Law: Licensee shall ensure that its digital assets activities comply with all applicable laws and regulations, including but not limited to consumer
protection, e-money licenses, anti-bribery, anti-corruption, money laundering, or terrorist financing laws and regulations.
● Gas Station: Gas Station is a Hierarchical Deterministic (HD) wallet owned and managed by Liminal, which is used solely for the purpose of paying network fees for processing Licensee transactions in the blockchain networks such as Bitcoin, Ethereum and other such other supported networks.
● Gnosis Safe: Gnosis Safe is a reputed, well established, industry accepted and widely used smart contract for creating multi-signature wallets.
Subject to Licensee’s compliance with the terms and conditions of this TERMS OF SERVICE (including payment obligations), First Answer grants to Licensee a non-exclusive, non-sublicensable, non-transferable license to access and use the Service during the Term of this TERMS OF SERVICE for Licensee’s internal purposes.
The Service includes the following services: (i) a digital assets wallet management software that interacts with various blockchains and enables Licensee to monitor its balances of assets (such service, the “Liminal Vaults”); and, (ii) any Optional Software Services that Licensee may elect to license in connection with its use of the Liminal Vaults Wallet. Licensee’s use of any of the Service is governed by the terms and conditions of this TERMS OF SERVICE.
Licensee will not, nor will it authorize or assist others to: (a) circumvent, disable or otherwise interfere with security related features of the Service or features that enforce limitations on use of the Service, (b) disassemble, reverse engineer, modify, translate, alter or decompile all or any portion of the Service or otherwise discern the source code of the Service except and solely to the extent permitted under applicable law notwithstanding this restriction, (c) use the Service on a service bureau or time sharing basis or to provide services to third parties not in accordance with this TERMS OF SERVICE, (d) distribute, copy, rent, lease, sublicense, assign, transmit, sell or otherwise transfer the Service or any of Licensee’s rights therein, (e) violate or abuse password protections governing access to the Service, (f) interfere or attempt to interfere with the integrity or proper working of the Service, (g) use the Service in any unlawful manner or in breach of this TERMS OF SERVICE, (h) use First Answer or Liminal name, logo or trademarks without prior written consent, (i) delete, remove, obscure or in any manner alter the copyright, trademark, and other First Answer’s or any other third parties’ intellectual proprietary rights notices appearing on or in the Service or any component thereof, (j) use the Service in order to conduct any comparisons, competitive analysis, penetration testing, vulnerability assessment, aimed identified security vulnerability, or other benchmarking activities, either alone or in connection with any other Service or hardware without the prior written consent of First Answer, and/or (k) use the Service other than as permitted herein.
Licensee will prevent unauthorized access to or use of the Service and notify First Answer promptly of any such unauthorized access or use.
3.1. Intellectual Property Rights. The Service is a valuable trade secret of First Answer and any disclosure or unauthorized use thereof will cause irreparable harm and loss to First Answer. The Service is not for sale and is the First Answer’s sole property. All rights, title, and interest, including any intellectual property rights evidenced by or embodied in, attached, connected, and/or related to the Service and any and all improvements and derivative works thereof are and shall remain owned solely by First Answer. This TERMS OF SERVICE does not convey to Licensee any interest in or to the Service other than a limited right to use the Service in accordance with Section 1. Nothing herein constitutes a waiver of First Answer’s intellectual property rights under any law.
3.2. Feedbacks. If First Answer receives any feedback (e.g., questions, comments, suggestions or the like) regarding the Service (collectively, “Feedback”), all rights, including intellectual property rights in such Feedback shall belong exclusively to First Answer and that such shall be considered First Answer's Confidential Information and Licensee hereby irrevocably and unconditionally transfers and assigns to First Answer's all intellectual property rights it has in such Feedback and waives any and all moral rights that Licensee may have in respect thereto. It is further understood that use of Feedback, if any, may be made by First Answer at its sole discretion, and that First Answer in no way shall be obliged to make use of any kind of the Feedback or part thereof.
3.3. Third Party Software. Portions of the Service may include third party open source software that is subject to third party terms and conditions (“Third Party Terms”). If there is a conflict between any Third Party Terms and the terms of this TERMS OF SERVICE, then the Third Party Terms shall prevail but solely in connection with the related third party open source software. Notwithstanding anything in this TERMS OF SERVICE to the contrary, Company makes no warranty or indemnity hereunder with respect to any open source software.