01-User-Agreement
JetUP Platform Terms of Service
1. General Provisions
1.1. These Terms of Service (hereinafter referred to as the "Agreement") govern the relationship between LLC "JetUP", registered at Uznadze str., 111, b. 11, Building 2, Didube district, Tbilisi, Georgia (hereinafter referred to as the "Company"), and any person using the JetUP platform (hereinafter referred to as the "User").
1.2. The JetUP Platform (hereinafter referred to as the "Platform") is an information technology system hosted on the Internet at www.jetup.org, designed to facilitate interaction between investment activity participants.
1.3. By using the Platform, the User confirms that they possess the necessary legal capacity and competence to enter into this Agreement and consents to the processing of personal data in accordance with the Personal Data Processing Policy.
1.4. This Agreement constitutes a public offer. By accessing the Platform, the User is deemed to have accepted this Agreement and its terms in full, without any reservations or exceptions.
1.5. The Company reserves the right to modify, add to, or remove portions of this Agreement at any time without notice to the User. Continued use of the Platform by the User constitutes acceptance of such modifications.
1.6. If the User disagrees with any provisions of the Agreement, the User may not use the Platform. If the Company has made any changes to the Agreement with which the User disagrees, they must cease using the Platform.
1.7. This Agreement and the relationship between the Company and the User shall be governed by and construed in accordance with the laws of Georgia. Matters not regulated by this Agreement shall be resolved in accordance with Georgian legislation.
1.8. The JetUP Platform acts as an information intermediary and does not directly participate in investment transactions between Users.
1.9. The Company provides Users with access to Platform functionality, including but not limited to: a) Tools for creating and managing investment projects; b) Communication tools between Users; c) Asset tokenization tools; d) Smart contracts for regulating relationships between Users.
1.10. The Company is not a party to investment transactions concluded between Platform Users, does not engage in investment solicitation activities, and does not guarantee the profitability of investment projects.
1.11. The Company does not provide financial, legal, investment, or tax advice. Any information provided on the Platform is for informational purposes only.
1.12. The Platform does not store, manage, or control cryptocurrencies, tokens, or other digital assets of Users. All operations with digital assets are carried out by Users independently.
1.13. The Company reserves the right to implement minimum necessary requirements to ensure security and transparency of interactions on the Platform.
2. Terms and Definitions
In this Agreement, the following terms and definitions are used:
2.1. Platform - the JetUP information technology system hosted on the Internet at [website address], designed to facilitate interaction between investment activity participants.
2.2. User - a natural person or legal entity that has completed the registration procedure on the Platform and received access to its functionality.
2.3. Personal Account - a User's personal section on the Platform, accessible through authentication credentials.
2.4. Investor - a User who makes investments using the Platform.
2.5. Startup - a User seeking investments through the Platform. May be represented by either a legal entity or a natural person who undertakes to establish a legal entity upon achieving investment targets.
2.6. Seller - a User offering goods or services on the Platform.
2.7. Buyer - a User purchasing goods or services on the Platform.
2.8. Option - an agreement whereby one party acquires the right to purchase or sell a specific underlying asset at a predetermined price at a future time specified in the contract or during a specified period.
2.9. Token - a digital representation of an investment instrument created by a User using Platform tools.
2.10. Smart Contract - program code designed to operate in a distributed ledger and ensure automatic execution of obligations between transaction participants.
2.11. KYC (Know Your Customer) - customer identification and verification procedure aimed at preventing fraud, money laundering, and terrorism financing.
2.12. AML (Anti-Money Laundering) - a set of measures aimed at preventing the legalization of proceeds from crime.
2.13. Digital Units of Account - conditional units used on the Platform to track mutual obligations between Users.
2.14. Cold Wallet - a device for storing cryptocurrencies and tokens that is not connected to the internet.
2.15. Tokenization - the process of converting rights to an asset into a digital token.
Terms not defined in this section shall be interpreted in accordance with the text of the Agreement. In the absence of an unambiguous interpretation of a term in the text of the Agreement, the interpretation of the term as defined by Georgian legislation and established business practices in the Internet shall apply.
3. Registration and Personal Account Usage
3.1. Platform Registration
3.1.1. To access the Platform's full functionality, Users must complete the registration procedure and create a Personal Account.
3.1.2. During registration, Users are obligated to provide accurate and complete information about themselves in response to the questions presented in the registration form and maintain this information in an up-to-date state.
3.1.3. The Company reserves the right to require verification of the information provided during registration and to request supporting documentation in connection therewith.
3.1.4. In the event that a User provides false information or if the Company has reason to believe that the information provided by the User is incomplete or inaccurate, the Company shall have the right, at its sole discretion, to block or delete the User's account and deny the User access to the Platform.
3.2. Personal Account Usage
3.2.1. Upon successful registration, the User shall be granted access to their Personal Account.
3.2.2. Users bear full responsibility for the security of their authentication credentials and for all actions performed using their Personal Account. Users are responsible for maintaining the security of their login credentials and password, as well as for all activities conducted under their account.
3.2.3. Users must immediately notify the Company of any unauthorized access to their Personal Account or any breach of account security.
3.2.4. Users are prohibited from transferring or selling their authentication credentials to third parties. All activity conducted on the Platform through a User's Personal Account shall be deemed to have been conducted by the User themselves.
3.2.5. Users undertake to use the Platform solely for lawful purposes and shall not use it to conduct activities that violate applicable law or the rights of third parties.
3.2.6. Users acknowledge and agree that all actions performed by them on the Platform, including the use of smart contracts, are legally binding and create corresponding rights and obligations.
3.3. Company Rights Regarding User Accounts
3.3.1. The Company reserves the right to request verification of information provided during registration and to request supporting documentation at any time.
3.3.2. The Company has the right to suspend or restrict User access to the Personal Account in the event of violation of this Agreement's terms or other documents governing Platform usage.
3.3.3. The Company reserves the right to delete a User's Personal Account at any time without explanation or prior notice in the following cases:
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Violation of the terms of this Agreement or other documents governing Platform usage;
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Actions that may be deemed to violate Georgian legislation or international law;
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Actions that may cause harm to the Platform, Company, or other Users;
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Non-use of the Personal Account for an extended period (more than 6 months);
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Upon request from government authorities;
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In other cases at the Company's discretion.
3.3.4. In the event of Personal Account deletion, all data and information associated with that account will be deleted without the possibility of recovery.
3.4. User Obligations
3.4.1. Users undertake not to use automated or other programs to access the Personal Account without written permission from the Company.
3.4.2. Users undertake not to perform actions that may be considered as interfering with the Platform's normal operation.
3.4.3. Users undertake not to engage in unauthorized collection and processing of other Users' personal data.
3.4.4. Users undertake not to attempt to access other Users' Personal Accounts by any means, including but not limited to deception, abuse of trust, or password guessing.
3.5. Registration Termination
3.5.1. Users have the right to terminate their Platform registration at any time by contacting the Company's support service with a corresponding request.
3.5.2. Termination of registration at the User's initiative does not release the User from obligations that arose during the period of registration.
4. Rights and Obligations of the Parties
4.1. User Rights and Obligations
4.1.1. Users have the right to:
a) Utilize the Platform's functionality in accordance with this Agreement and other governing documents.
b) Receive informational support from the Company regarding Platform usage.
c) Submit proposals to the Company for Platform improvements.
d) Discontinue Platform usage at any time.
4.1.2. Users undertake to:
a) Comply with all provisions of this Agreement and other documents governing Platform usage.
b) Provide accurate information during registration and Platform usage.
c) Not use the Platform for unlawful activities, including but not limited to money laundering, terrorism financing, and fraud.
d) Not undertake actions aimed at disrupting the Platform's normal functioning.
e) Not disseminate through the Platform any confidential information or information protected by law concerning natural persons or legal entities.
f) Not attempt to gain access to other Users' Personal Accounts.
g) Respect the intellectual property rights of the Company and third parties.
h) Independently monitor changes to this Agreement and other documents governing Platform usage.
4.2. Company Rights and Obligations
4.2.1. The Company has the right to:
a) Modify the Platform's design, content, functionality, and modify or supplement the scripts, software, and other objects used or stored on the Platform at any time.
b) Restrict User access to the Platform in the event of violation of this Agreement's terms or terms of other documents governing Platform usage.
c) Remove any information posted by Users on the Platform if the Company determines that the nature or content of such information violates applicable law, is offensive, infringes upon the rights and legitimate interests of other Users or third parties, or contradicts this Agreement.
d) Conduct maintenance work on the Platform with temporary suspension of Platform operations.
e) Use information about User actions on the Platform to improve Platform operations.
4.2.2. The Company undertakes to:
a) Ensure Platform functionality in accordance with this Agreement.
b) Maintain the confidentiality of User information obtained during registration and Platform usage.
c) Provide informational support to Users regarding Platform usage.
4.3. Limitation of Company Liability
4.3.1. The Company shall not be liable for:
a) Actions of other Platform Users and any agreements concluded between Platform Users.
b) Accuracy of information provided by Users on the Platform.
c) Quality, safety, and legality of goods, services, and products offered by Users on the Platform.
d) Any direct or indirect losses arising from the use or inability to use the Platform, including losses resulting from unauthorized access to User communications.
e) Uninterrupted Platform operation and constant access to it due to technical reasons.
f) Loss of User data resulting from malicious software on the User's device.
g) Any types of losses incurred as a result of Platform usage or use of specific Platform functions.
4.3.2. The Company provides the Platform "as is" without any warranties, including warranties of fitness for particular purposes.
4.4. Intellectual Property
4.4.1. All objects placed on the Platform, including design elements, text, graphic images, illustrations, videos, scripts, programs, music, sounds, and other objects and their collections, are objects of exclusive rights of the Company and other rights holders.
4.4.2. User usage of intellectual property objects placed on the Platform is permitted only for personal non-commercial purposes and subject to preservation of all copyright notices, related rights, trademarks, and other authorship notices.
5. Investment Activities and Risks
5.1. General Investment Provisions
5.1.1. The JetUP Platform provides information technology solutions to facilitate investment activities between Users.
5.1.2. The Company is not a party to investment transactions concluded between Users and does not act as an investor, investment recipient, agent, or representative of any User.
5.1.3. All investment decisions are made independently by Users based on information available to them and their own risk assessment.
5.2. Platform Investment Specifics
5.2.1. Investment on the Platform may be conducted through the acquisition of various investment instruments, including but not limited to options and tokenized assets.
5.2.2. Users acknowledge and agree that investment instruments available on the Platform may have complex structures and carry high risks.
5.2.3. Asset tokenization on the Platform is performed by Users themselves. The Company does not participate in the process of token creation and management.
5.2.4. The Company does not guarantee the listing or delisting of any tokens or other investment instruments on the Platform.
5.2.5. The Platform enables Users to invest in projects presented on the Platform and to raise investments for their own projects.
5.2.6. Investors: Users acting as investors make investment decisions independently and bear all associated risks. Investors undertake to conduct their own analysis and evaluation of projects before making investment decisions. The Platform does not guarantee investment returns or the return of invested funds.
5.2.7. Startups and Projects: Users presenting projects on the Platform bear full responsibility for the accuracy of provided information. Projects undertake to use raised funds exclusively for the purposes specified when posting the project on the Platform. Natural persons presenting projects undertake to establish a legal entity and transfer all project rights and obligations to it upon achieving the target investment volume, if provided for by investment terms.
5.2.8. Smart Contracts: All investment transactions on the Platform are formalized using smart contracts. Users acknowledge the legal validity of smart contracts and undertake to fulfill their conditions. The Company is not liable for the correct execution of smart contracts if caused by errors in their code or User actions.
5.2.9. Tokenization: The Platform provides tools for asset tokenization, including options and other investment instruments. Users independently perform tokenization and bear full responsibility for created tokens. Tokens created on the Platform are not securities and are not intended for public circulation. The Platform does not store, manage, or control User tokens.
5.2.10. The Company reserves the right to reject project placement on the Platform or remove an already placed project without explanation.
5.3. Investment Activity Risks
5.3.1. Users acknowledge and agree that investment activity carries a high degree of risk. Investments may both increase and decrease in value, and there is a significant risk of loss of all invested funds.
5.3.2. Primary risks associated with investment activity on the Platform include, but are not limited to: a) Market Risk: risk of investment value decline due to market factors. b) Liquidity Risk: risk of inability to sell an investment instrument within desired timeframes at the expected price. c) Credit Risk: risk of counterparty default on transaction obligations. d) Operational Risk: risk of losses due to inadequate functioning of procedures, systems, and human factors. e) Legal Risk: risk of legislative changes that may affect investment activity or investment value. f) Technological Risk: risk of Platform malfunction or other technological solutions used for investment activity.
5.3.3. Users undertake to independently assess their readiness to accept these and other risks before commencing investment activity on the Platform.
5.4. Company Liability Limitation Regarding Investment Activity
5.4.1. The Company shall not be liable for any losses incurred by Users as a result of investment activity on the Platform.
5.4.2. The Company does not provide investment, financial, legal, or tax advice. Any information provided on the Platform is for informational purposes only and should not be considered as a recommendation for action.
5.4.3. The Company does not guarantee returns on investments made using the Platform.
5.5. User Obligations in Investment Activity
5.5.1. Users undertake to: a) Independently study all available materials and information about potential investments. b) Critically evaluate any investment proposals and conduct their own risk analysis. c) Invest only funds whose loss would not lead to significant deterioration of the User's financial position. d) Observe diversification principles when forming an investment portfolio. e) Timely pay all applicable taxes and fees related to investment activity.
5.5.2. Users confirm that they possess sufficient knowledge and experience to evaluate risks associated with investment activity on the Platform.
5.6. Market Manipulation Prohibition
5.6.1. Users are prohibited from engaging in actions aimed at market manipulation, including but not limited to:
a) Disseminating knowingly false information about investment instruments or their issuers.
b) Conducting transactions that create a false impression of demand for or supply of investment instruments.
c) Artificial inflation or deflation of investment instrument prices.
5.6.2. In case of detecting signs of market manipulation, the Company has the right to suspend or terminate User access to the Platform.
6. Confidentiality and Personal Data Protection
6.1. General Provisions
6.1.1. The Company places particular emphasis on protecting the confidentiality and personal data of Platform Users.
6.1.2. This section of the Agreement governs the relationship between the Company and the User regarding the processing and protection of personal data and confidential information.
6.1.3. By using the Platform, the User expressly consents to the personal data processing terms set forth in this section.
6.2. Collection of Personal Data
6.2.1. The Company collects Users' personal data for the following purposes:
a) User identification for the creation and operation of the personal account;
b) Provision of personalized Platform services;
c) Communication with the User, including sending notifications, requests, and information regarding Platform usage;
d) Improvement of Platform quality, usability, and development of new services;
e) Conducting statistical and other research based on anonymized data.
6.2.2. The Company collects only such personal data as is necessary to fulfill the stated purposes.
6.3. Processing of Personal Data
6.3.1. The processing of Users' personal data is carried out in accordance with Georgian legislation and international standards in the field of personal data protection.
6.3.2. The Company implements all necessary measures to protect Users' personal data from unauthorized access, modification, disclosure, or destruction.
6.3.3. The processing of Users' personal data is carried out using databases located in Georgia.
6.4. Confidentiality
6.4.1. The Company undertakes not to disclose information received from the User. The provision of information by the Company to agents and third parties acting under contract with the Company for the purpose of fulfilling obligations to the User shall not be considered a breach of confidentiality.
6.4.2. The Company bears no responsibility for information provided by the User on the Platform in a publicly accessible form.
6.5. User Rights
6.5.1. The User has the right to obtain information regarding the processing of their personal data.
6.5.2. The User has the right to request from the Company the correction, blocking, or deletion of their personal data if such personal data is incomplete, outdated, inaccurate, unlawfully obtained, or not necessary for the stated purpose of processing.
6.6. Information Security Measures
6.6.1. The Company implements technical and organizational-legal measures to ensure the protection of Users' personal data from unauthorized or accidental access, destruction, modification, blocking, copying, distribution, and other unlawful actions.
6.6.2. Platform access authorization uses the User's login (email address) and password. The User bears responsibility for maintaining the security of this information.
6.7. Third-Party Data Transfer
6.7.1. The Company may transfer User personal data to third parties in the following cases:
a) The User has provided explicit consent for such actions;
b) The transfer is necessary for the User's use of a specific Platform service;
c) The transfer is required by Georgian legislation or other applicable law within the framework of legally established procedures.
6.7.2. In the event of a Platform sale, all obligations regarding compliance with the terms of this section in relation to the received personal information shall transfer to the acquirer.
6.8. Modification and Deletion of Personal Data
6.8.1. The User may at any time modify (update, supplement) the personal data they have provided or any part thereof using the data editing function in their personal account.
6.8.2. The User may also delete personal data provided within a specific account by contacting Platform support.
6.9. Cookies and Tracking Bugs
6.9.1. The Company may use cookies and tracking bugs to improve the quality of services provided.
6.9.2. The User acknowledges that the equipment and software used to visit websites on the Internet may have functionality to prohibit operations with cookies and to delete previously received cookies.
6.10. Privacy Policy Modifications
The Company reserves the right to make changes to this Privacy Policy. When changes are made, the date of the last update shall be indicated in the current version. The new version of the Policy becomes effective upon its publication unless otherwise provided by the new version of the Policy.
7. Intellectual Property
7.1. General Provisions
7.1.1. All intellectual property elements displayed on the JetUP Platform, including but not limited to text materials, images, video, audio, software, trademarks, logos, design, and Platform structure, are the property of the Company or its licensors and are protected by intellectual property laws.
7.1.2. Use of the Platform does not grant the User any rights to the Company's or third parties' intellectual property, except as expressly provided in this Agreement.
7.2. Company Rights
7.2.1. The Company holds exclusive rights to the Platform as a unified object, including all its components, as well as to individual Platform elements.
7.2.2. The Company reserves the right to modify the Platform's appearance, content, service list, and to modify or supplement the scripts, software, and other objects used or stored on the Platform at any time.
7.3. Usage Restrictions
7.3.1. The User agrees not to reproduce, replicate, copy, sell, resell, or exploit for any commercial purposes any portions of the Platform, including content available to the User through the Services, or access to them, except where the User has obtained explicit permission from the Company.
7.3.2. The User is prohibited from:
a) Modifying, decompiling, disassembling, decrypting, or performing other operations with the Platform's source code;
b) Creating software products and/or services using the Platform without prior written permission from the Company;
c) Removing or altering any copyright notices, trademarks, or other proprietary rights notices contained within the Platform.
7.4. User Content
7.4.1. The User retains all rights to content they create or upload to the Platform, provided such content does not infringe upon third-party rights.
7.4.2. By posting content on the Platform, the User grants the Company a non-exclusive, royalty-free, worldwide license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, and display such content in connection with the Platform's operation.
7.4.3. The User warrants that they possess all necessary rights to the content they post and that such content does not infringe upon third-party rights.
7.5. Trademarks
All trademarks, logos, and service marks displayed on the Platform are the property of the Company or third parties. The User is prohibited from using these trademarks without prior written consent from the Company or the respective third parties.
7.6. Infringement Notifications
7.6.1. If a User believes that any content on the Platform infringes their intellectual property rights, they may submit a notification to the Company. The notification must include:
a) Identification of the copyrighted work claimed to have been infringed;
b) Identification of the material that is claimed to be infringing;
c) Contact information for the complainant;
d) A statement of good faith belief that use of the material is not authorized by the copyright owner, its agent, or the law;
e) A statement that the information in the notification is accurate and that the complainant is authorized to act on behalf of the copyright owner.
7.7. Consequences of Violation
7.7.1. In the event of User violation of the provisions of this section, the Company reserves the right to suspend or terminate the User's access to the Platform and may seek compensation for damages caused by such violation.
7.7.2. The Company reserves the right to remove any content that infringes intellectual property rights without prior notice to the User.
7.8. Platform Usage License
7.8.1. The Company grants the User a limited, non-exclusive, non-transferable, and revocable license to use the Platform in accordance with the terms of this Agreement.
7.8.2. This license is granted solely for the purpose of using the Platform's functionality in accordance with this Agreement and does not include the right to copy or modify the Platform, create derivative works based on the Platform, or use the Platform for any commercial purposes without explicit written permission from the Company.
8. Liability and Dispute Resolution
8.1. Limitation of Company Liability
8.1.1. The JetUP Platform is provided on an "as is" basis. The Company makes no warranties regarding error-free or uninterrupted operation of the Platform, the Platform's fitness for any particular purpose or User expectations, and provides no other warranties except those expressly stated in this Agreement.
8.1.2. The Company shall not be liable for any direct or indirect damages arising from: a) Use or inability to use the Platform; b) Unauthorized access to User communications; c) Statements or conduct of any third party on the Platform; d) Deletion, failure, or inability to store any Content or other communications data maintained on or transmitted through the Platform; e) Any other matter related to the Platform.
8.1.3. The Company shall not be liable for any losses, including lost profits, incurred by the User as a result of transactions between Users conducted through the Platform.
8.1.4. Under no circumstances shall the Company be liable to the User or any third parties for any indirect, incidental, consequential damages, including lost profits or lost data, damage to honor, dignity, or business reputation, caused by the use of the Platform or materials posted thereon.
8.1.5. The User acknowledges that investment activities carry a high level of risk and agrees that the Company shall not be liable for any financial losses that the User may incur.
8.1.6. The Company does not provide legal, financial, investment, or tax advice. Users are encouraged to seek independent professional counsel on these matters.
8.1.7. In the event of disputes between Users, the Company shall not be responsible for resolving such disputes but may provide relevant information upon request from authorized authorities.
8.2. User Liability
8.2.1. The User bears full responsibility for compliance with applicable legislation, this Agreement, and other documents governing the use of the Platform.
8.2.2. The User is responsible for the accuracy and legality of information posted by them on the Platform.
8.2.3. In the event that third parties make claims against the Company related to the User's violation of this Agreement or third-party rights, the User shall independently resolve such claims and reimburse the Company for all losses and expenses incurred, including legal costs.
8.2.4. The User bears full responsibility for all actions performed on the Platform, including but not limited to investment decisions, project creation and management, and asset tokenization.
8.3. Force Majeure
The Parties shall be released from liability for full or partial non-performance of obligations under this Agreement if such non-performance results from force majeure circumstances, including but not limited to: flood, fire, earthquake, military actions, changes in legislation, and other circumstances beyond the Parties' control.
8.4. Dispute Resolution
8.4.1. All disputes and disagreements arising between the Parties under this Agreement or in connection with it shall be resolved through negotiations.
8.4.2. If disputes cannot be resolved through negotiations, they shall be subject to judicial resolution in accordance with the current legislation of Georgia.
8.4.3. Before filing a lawsuit regarding disputes arising from the relationship between the User and the Company, submission of a claim (written proposal for voluntary dispute settlement) is mandatory. The recipient of the claim shall notify the claimant in writing of the results of the claim consideration within 30 calendar days from the date of its receipt.
8.5. Applicable Law
This Agreement and all relations between the Company and the User arising in connection with the use of the Platform shall be governed by the laws of Georgia.
8.6. Modification of Liability Terms
The Company reserves the right to unilaterally modify the terms of this section. Such modifications shall take effect upon the expiration of 3 (three) days from the moment the new version of the Agreement is posted on the website. The User is obligated to independently review the current version of the Agreement during each visit to the Platform.
8.7. Statute of Limitations
Any claim or cause of action arising from this Agreement must be filed within 1 (one) year from the date such claim or cause of action arose. If such claim or cause of action is not filed within 1 (one) year, such claim or cause of action shall be barred by statute of limitations.
9. Additional Provisions
9.1. Term of Agreement
9.1.1. This Agreement shall come into force upon the User's commencement of Platform usage and shall remain in effect indefinitely.
9.1.2. Either party may terminate this Agreement unilaterally by providing thirty (30) calendar days' prior written notice to the other party of such intended termination.
9.2. Modification of Agreement
9.2.1. The Company reserves the right to amend this Agreement at any time by publishing an updated version of the Agreement on the Platform.
9.2.2. Such modifications shall become effective immediately upon publication on the Platform, unless otherwise specified at the time of publication.
9.2.3. The User is obligated to independently monitor changes to this Agreement. Continued use of the Platform following any modifications constitutes the User's acceptance of such changes.
9.3. Severability
If any provision of this Agreement is deemed invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of the remaining provisions of the Agreement.
9.4. Notices and Communication
9.4.1. Any notices under this Agreement may be sent by one party to the other party: a) Via email; b) Through publication of information on the Platform.
9.4.2. The User is obligated to regularly check their email address and Personal Account on the Platform for new notifications.
9.5. Assignment
9.5.1. The User shall not assign or transfer their rights and obligations under this Agreement to any third party without the prior written consent of the Company.
9.5.2. The Company may assign its rights and obligations under this Agreement to any third party without the User's consent. In the event of such assignment, the Company shall notify Users by publishing relevant information on the Platform.
9.6. Language of Agreement
This Agreement is executed in the English language. In the event that translations of this Agreement are provided in other languages, the English version shall prevail.
9.7. Entire Agreement
This Agreement constitutes the complete agreement between the User and the Company regarding the use of the Platform and supersedes all prior agreements between the User and the Company.
9.8. Waiver
The failure or delay by the Company in exercising any right or remedy under this Agreement shall not constitute a waiver of such rights.
9.9. Force Majeure
Neither party shall be liable for any full or partial failure to perform its obligations under this Agreement if such failure results from circumstances of force majeure that arose after the conclusion of this Agreement.
9.10. Contact Information
For all matters related to the use of the Platform, the User may contact customer support using the following contact details: Email: ceo@jetup.org Phone: +995 591 80 72 13
9.11. Governing Law
All matters not regulated by this Agreement shall be governed by the current legislation of Georgia.
10. Termination of Agreement
10.1. Termination by User
10.1.1. The User may terminate this Agreement at any time by deleting their account on the Platform.
10.1.2. Termination of the Agreement does not release the User from obligations that arose prior to the termination of the Agreement.
10.2. Termination by Company
10.2.1. The Company may terminate this Agreement with respect to a User in the event of the User's breach of the Agreement terms or applicable law, as well as at the Company's discretion without stating reasons.
10.2.2. The Company shall notify the User of the Agreement's termination by sending a notification to the email address provided during registration.
10.2.3. In the event of termination by the Company, the User's account will be blocked and access to the Platform will be terminated.
10.3. Effects of Termination
10.3.1. Upon termination of the Agreement, all rights granted to the User under this Agreement shall immediately cease.
10.3.2. The Company shall not be liable to the User or any third party for termination of access to the Platform.
10.3.3. Provisions of the Agreement which by their nature should survive termination shall remain in force after termination.
10.4. Return of Funds and Data
10.4.1. In the event of termination, the User shall be solely responsible for withdrawing their funds and preserving any necessary data.
10.4.2. The Company does not guarantee the preservation or return of any data or content following the termination of the Agreement.
11. Financial Terms and Settlements
11.1. Platform Usage and Fees
The use of the Platform's core functionality is provided free of charge to Users. The Company reserves the right to introduce fees for additional services, subject to advance notice to Users.
11.2. User Transactions
All financial transactions between Users are conducted independently and without the Company's participation or intermediation.
11.3. Internal Settlement Units
The Platform may implement a system of internal settlement units for Users' convenience. These units:
a) Do not constitute electronic money, cryptocurrency, or any other financial instrument;
b) Are used exclusively for accounting purposes within the Platform;
c) Have no monetary value outside the Platform.
11.4. Deposits and Withdrawals
11.4.1. Users' Responsibilities
a) Users shall independently effectuate deposits to and withdrawals from their wallets or bank accounts;
b) Users shall ensure compliance with all applicable laws and regulations when conducting financial operations.
11.4.2. Company's Position
a) The Company does not participate in the process of depositing or withdrawing funds;
b) The Company bears no responsibility for such operations;
c) The Company does not act as a custodian or intermediary for any financial transactions.
11.5. Taxation
11.5.1. User Obligations
a) Users bear sole responsibility for the payment of all applicable taxes arising from their activities on the Platform;
b) Users shall independently calculate, declare, and remit all required tax payments to relevant authorities.
11.5.2. Company's Role
a) The Company does not provide tax advice or consultation;
b) The Company bears no responsibility for Users' compliance with their tax obligations;
c) The Company is not liable for any tax-related omissions or violations by Users.
11.6. Fees and Charges
11.6.1. Platform Fees
a) The Company may impose fees for specific operations on the Platform;
b) All applicable fees shall be communicated to Users in advance;
c) The fee schedule may be modified by the Company with prior notice to Users.
11.6.2. External Service Charges
a) Users acknowledge and agree to independently bear all costs and commissions associated with external services, including but not limited to:
- Banking transfer fees
- Cryptocurrency transaction fees
- Currency conversion charges
- Third-party payment processor fees
11.7. Modifications to Financial Terms
11.7.1. The Company reserves the right to modify the financial terms of Platform usage, subject to:
a) Providing advance notice to Users in accordance with this Agreement;
b) Clearly communicating all changes through the Platform interface;
c) Allowing Users a reasonable time period to adjust to new terms.
11.7.2. Continued use of the Platform following any modification to financial terms constitutes acceptance of such modifications by the User.
11.8. Payment Processing
11.8.1. The Company may utilize third-party payment processors to facilitate transactions on the Platform.
11.8.2. Users acknowledge that:
a) Such third-party processors may have their own terms of service and privacy policies;
b) Users may be subject to additional requirements or restrictions imposed by payment processors;
c) The Company bears no responsibility for the actions or omissions of third-party payment processors.
11.9. Financial Records
11.9.1. Users are responsible for maintaining their own financial records related to Platform activities.
11.9.2. The Company shall maintain system records of Platform operations in accordance with applicable law, but:
a) Is not obligated to provide detailed financial statements to Users;
b) May provide transaction histories upon reasonable request;
c) Reserves the right to charge administrative fees for extensive record requests.
11.10. Currency and Exchange Rates
Unless explicitly specified otherwise:
a) All monetary values on the Platform are denominated in USD;
b) Any currency conversions are performed at prevailing market rates;
c) The Company is not responsible for any losses arising from currency fluctuations.
11.11. Refunds and Cancellations
11.11.1. Any refunds or cancellations of transactions between Users shall be handled directly between the parties involved.
11.11.2. The Company:
a) Does not guarantee the availability of refunds;
b) Is not responsible for facilitating refunds between Users;
c) May assist in dispute resolution at its discretion, without assuming any obligation to do so.
These financial terms and conditions form an integral part of the Agreement and are binding upon all Users of the Platform. Users are advised to review these terms carefully and seek independent financial and legal advice if necessary.
This Agreement shall enter into force upon the User's registration on the Platform or commencement of Platform use, whichever occurs first, and shall remain in effect until terminated in accordance with the terms and conditions set forth herein.
Effective Date and Version Control
Last Updated: March, 2025
Version: 1.0
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