Liability Distribution Regulations

Liability Distribution Regulations for the JETUP Platform

1. General Provisions

1.1. These Liability Distribution Regulations (hereinafter - "Regulations") define the procedure and conditions of liability of the JETUP Platform (hereinafter - "Platform") and its Users when using the Platform's services.

1.2. These Regulations are an integral part of the User Agreement and govern the relationship between the Platform and Users arising in connection with the use of the Platform's services.

1.3. By using the Platform, the User confirms that they are familiar with these Regulations and agree to their conditions.

2. Platform Liability

2.1. The Platform is liable for:

2.1.1. Ensuring the functioning of the Platform in accordance with established technical characteristics.

2.1.2. Providing Users with access to information about projects, investment instruments, and services offered on the Platform.

2.1.3. Taking measures to prevent and eliminate violations of Platform Rules and current legislation by Users.

2.1.4. Ensuring the security of Users' personal data in accordance with the Personal Data Processing Policy.

2.2. The Platform is not liable for:

2.2.1. Actions and inaction of Users, as well as the consequences of their actions.

2.2.2. Content and accuracy of information provided by Users on the Platform.

2.2.3. Quality and results of investment projects presented on the Platform.

2.2.4. Fulfillment of obligations under transactions concluded between Platform Users.

2.2.5. Loss or damage of tokens when they are withdrawn from the Platform by Users.

2.2.6. Inability to use the Platform for reasons beyond the Platform's control, including technical failures, problems with Internet access, actions of third parties.

2.3. The Platform does not guarantee constant availability and uninterrupted operation of the Platform. The Platform has the right to conduct technical work, which may lead to temporary unavailability of the Platform.

3. User Liability

3.1. Users bear full responsibility for:

3.1.1. Compliance with the terms of the User Agreement, these Regulations, and other documents governing the use of the Platform.

3.1.2. Accuracy and completeness of information provided during registration and use of the Platform.

3.1.3. Safety of their account credentials and preventing their use by third parties.

3.1.4. All actions performed using their account on the Platform.

3.1.5. Compliance with applicable legislation when using the Platform.

3.2. Investors additionally bear responsibility for:

3.2.1. Assessment of risks associated with investing in projects on the Platform.

3.2.2. Making investment decisions and their consequences.

3.3. Startups and project initiators additionally bear responsibility for:

3.3.1. Accuracy of information about their projects presented on the Platform.

3.3.2. Fulfillment of obligations to investors.

3.3.3. Compliance with legislation in the field of attracting investments.

4. Liability for Tokenization and Operations with Tokens

4.1. Users bear full responsibility for:

4.1.1. Creation and management of tokens using the Platform's tools.

4.1.2. Storage and security of tokens after their withdrawal from the Platform.

4.1.3. Compliance with applicable legislation during operations with tokens.

4.2. The Platform is not liable for:

4.2.1. Loss or theft of tokens after their withdrawal from the Platform.

4.2.2. User errors during operations with tokens.

4.2.3. Legal consequences of token use by Users.

5. Limitation of Platform Liability

5.1. The Platform provides its services on an "as is" basis and does not give guarantees regarding the conformity of services to specific goals and expectations of the User.

5.2. The Platform is not liable for any direct or indirect losses arising as a result of using or inability to use the Platform.

6. Force Majeure

6.1. The parties are released from liability for partial or complete non-fulfillment of obligations under these Regulations if this non-fulfillment was a consequence of force majeure circumstances that arose after acceptance of the Regulations as a result of events of an extraordinary nature, which the Party could neither foresee nor prevent by reasonable measures.

6.2. Force majeure circumstances include events that a Party cannot influence and for the occurrence of which it does not bear responsibility, for example: earthquake, flood, fire, as well as strike, government decrees or orders of state bodies.

7. Dispute Resolution

7.1. All disputes and disagreements that may arise between the Platform and the User will be resolved through negotiations based on current legislation of Georgia.

7.2. Disputes not settled through negotiations are subject to resolution in court in accordance with the current legislation of Georgia.

8. Changes to the Regulations

8.1. The Platform has the right to unilaterally make changes to these Regulations.

8.2. Changes to the Regulations come into force from the moment of their publication on the Platform's website.

8.3. The User undertakes to regularly check the terms of these Regulations for their changes and/or additions.

9. Final Provisions

9.1. These Regulations are drawn up in Russian and may be provided to the User for familiarization in other languages. In case of discrepancy between the Russian-language version of the Regulations and the version of the Regulations in another language, the provisions of the Russian-language version of the Regulations apply.

9.2. If for any reason one or several provisions of these Regulations are declared invalid or unenforceable, this does not affect the validity or applicability of the remaining provisions.

Last updated: 01.05.2025