NFT TERMS
These terms (“Terms“) are a legally binding
agreement by and between Faraway, Inc. (“Faraway,“ “we“ or “us“), a Delaware corporation, and any holder of an Applicable NFT
(defined below) (“you“ or “Holder“) governing the
parties’ rights and obligations with respect to Applicable NFTs and
Applicable Art (defined below).
“Applicable NFT“ means a non-fungible token minted
by a smart contract deployed and associated with the contract
metadata containing these Terms, or such other smart contract(s) as
designated by Faraway from time to time in its sole discretion,
including any replacement, upgrade, or successor smart contract(s)
that Faraway may designate in its sole discretion (each, an
“Applicable NFT Smart Contract“). Applicable NFTs
include Successor Applicable NFTs (as defined below). An Applicable
NFT Smart Contract associates each Applicable NFT with a piece of
digital art, as may be changed from time to time and as further
described below.
The Art (defined below) is intended to be dynamic and may be
modified in certain circumstances, including by Faraway or through
interaction with certain Faraway's or third-party websites,
applications, or other resources, each as communicated by Faraway or
such third parties from time to time. For example, the Art may
display a “Power Source“ depicted as a cube (such art, the
“Power Source Art“), a silhouette of a creature or
character (such art, the “Silhouette Art“), a
creature or character described as a “HV-MTL“ (such art, the
“HV-MTL Art“), and/or any other shapes, objects,
creatures, or characters (such art,
“HV-MTL Successor Art“ and, together with Power
Source Art, Silhouette Art, and HV-MTL Art, individually and
collectively, the “Art“). Faraway WILL NOT BE
RESPONSIBLE TO ANY HOLDER FOR ANY LOSS IN CONNECTION WITH ANY SUCH
MODIFICATION OR IF NO MODIFICATION OCCURS.
NOTICE REGARDING ARBITRATION AND CLASS ACTION WAIVER:
BY ACCEPTING THESE TERMS, YOU ARE AGREEING (WITH LIMITED EXCEPTION)
TO RESOLVE ANY DISPUTE BETWEEN YOU AND Faraway THROUGH BINDING,
INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY
SECTION 10 (DISPUTE RESOLUTION) BELOW FOR DETAILS REGARDING
ARBITRATION. HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE
APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO
ARBITRATE IN SECTION 10 WILL NOT APPLY TO YOU, BUT THE PROVISIONS OF
SECTION 12 (GOVERNING LAW AND FORUM CHOICE) AND RELEVANT PROVISIONS
OF APPLICABLE LAW WILL STILL APPLY.
YOU ALSO WAIVE ANY RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR
CLASS WIDE ARBITRATION.
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Ownership
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License
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Enforcement
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Transfers
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Holder’s Representations and Warranties
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Warranty Disclaimers
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Risk
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Indemnity
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Limitation of Liability
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Dispute Resolution
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Amendments
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Governing Law and Forum Choice
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Miscellaneous.
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You Own Your Applicable NFT.
When you own a digital wallet that holds an Applicable NFT, as
recorded by the Applicable Smart Contract, you hold the exclusive
right to hold, sell, transfer, and execute blockchain transactions
involving that Applicable NFT (“Your Applicable NFT“). Except for the Applicable NFTs we own, Faraway has no right or
ability to seize, freeze, or otherwise modify the ownership of any
Applicable NFT without authorization from the Holder; provided,
the foregoing shall not restrict Faraway's right to modify
the Art.
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We Own (but License to You) the IP in Your Art.
Faraway owns all rights, title, and interest in and to the Art
including any and all copyrights, trademarks, and other
intellectual property rights therein (“IP“). However, we grant you
the applicable Non-Commercial License or the Commercial License
(each as defined below) to use the Art associated with Your
Applicable NFT (“Your Art“) for as long as you
hold Your Applicable NFT.
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You Own the IP in Your Derivative Works.
Solely to the extent that you are granted a Commercial License
under these Terms, then as between you and Faraway, you own all
rights, title and interest in and to any “derivative work,“ as
defined by the United States Copyright Act, based upon Your Art
(“Derivative Work“) created during the Commercial
License Term (defined below); provided, however, that (i) we
retain the copyright in the Art underlying any Derivative Work;
(ii) your use of any Derivative Work during and after the
Commercial License Term is subject to these Terms (including the
license/reservation of rights in Section 2(d)); and (iii) your use
of any Derivative Work after the Commercial License Term may
require a license from the current owner of the Applicable NFT.
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Utility. Holders
may be offered utility, benefits, or entitlements (collectively,
“Utility“) from time to time, but these Terms do
not confer any Utility except as granted by the applicable
Non-Commercial License or Commercial License. Faraway makes no
assurances of any Utility. Any Utility may be subject to other
terms and conditions. Faraway will not be responsible in any
manner for any Utility offered, or proposed to be offered by, any
third party.
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Replacement or Successor Applicable NFTs.
From time to time and in Faraway's sole discretion, you may
be offered the opportunity and option to mint, claim, or otherwise
receive replacements, substitutions, or upgrades to Your
Applicable NFTs (a “Successor Applicable NFT“). A
Successor Applicable NFT may display new or different Art. In
connection with, and to be eligible for the receipt or redemption
of, a Successor Applicable NFT, you will be required to agree to
any and all additional terms and conditions associated with such
receipt or redemption, including but not limited to the burning of
your then-existing Applicable NFT, as Faraway shall determine and
communicate to you from time to time. You are not obligated to
mint, claim or receive a Successor Applicable NFT, but if you do,
you agree to continue to be subject and bound by these Terms with
respect to your Successor Applicable NFT to the same extent as
with respect to your Applicable NFT. Faraway WILL NOT BE
RESPONSIBLE TO ANY HOLDER FOR ANY LOSS IN CONNECTION WITH ANY SUCH
REPLACEMENT OR UPGRADE OF AN APPLICABLE NFT, SUCCESSOR APPLICABLE
NFT, OR APPLICABLE NFT SMART CONTRACT, OR IF NO REPLACEMENT OR
UPGRADE OCCURS.
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Non-Commercial License Grant.
Subject to your acceptance of, and compliance with, these Terms,
upon lawfully acquiring Your Applicable NFT and for so long as (A)
you hold Your Applicable NFT (both dates as recorded by the
Applicable Smart Contract) (the
“Non-Commercial License Term“) and (B) Your
Applicable NFT is associated with Power Source Art or Silhouette
Art (the “Non-Commercialized Art“), Faraway
grants to you a non-exclusive, universe-wide, royalty-free,
license to use, copy, and display (but without any right to
sublicense, whether through one or more tiers) Your
Non-Commercialized Art solely for your own personal,
non-commercial use, including (i) for home display, display in a
virtual gallery, or as a social media avatar; (ii) to create a
reasonable number of back-up copies and a physical print out, each
to be retained only for so long as You own the associated
Applicable NFT; and (iii) as part of a Faraway's website or
application, or the website or application of a third party
approved in Faraway's sole discretion, that permits the
inclusion, involvement, or participation of Your Applicable NFT
(the “Non-Commercial License“).
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Commercial License Grant.
Subject to your acceptance of, and compliance with, these Terms,
upon lawfully acquiring Your Applicable NFT and, for so long as
(A) you hold Your Applicable NFT (both dates as recorded by the
Applicable Smart Contract) (the
“Commercial License Term“) and (B) Your
Applicable NFT is associated with Art that is not Power Source Art
or Silhouette Art (“Your Applicable Art“),
Faraway grants to you a universe-wide, royalty-free, sublicensable
license to reproduce, distribute, prepare derivative works based
upon, publicly display, publicly perform, transmit, and otherwise
use and exploit, Your Applicable Art, as applicable (the
“Commercial License“). The Commercial License is
intended to be broad, enabling you to make both commercial and
non-commercial uses of Your Applicable Art, in any and all media,
whether existing now or invented later, subject only to the
restrictions set forth below. The Commercial License is exclusive,
except as to Faraway and its sublicensees, who may also freely use
and exploit Your Applicable Art in any manner or medium whatsoever
now and in the future.
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Restrictions and Reservations.
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The Commercial License extends only to Your Applicable Art.
This means the complete selection, arrangement, and
composition of all base layers, features, attributes, and
other elements that comprise Your Applicable Art (including
but not limited to the texture, body artwork, and accessories
included therewith). Thus, while the Commercial License allows
you to create and exploit Derivative Works, the Commercial
License does not grant you rights in any individual element of
Your Applicable Art subject thereto, or a license to exploit
any individual element separate and apart from Your Applicable
Art. For example, the Commercial License allows you to create
three-dimensional renderings of, and to add new original
clothing or accessories to, Your Applicable Art, but does not
allow you to extract individual features (e.g., body features,
accessories) for use in a separate work.
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Neither the Non-Commercial License nor the Commercial License
grants you any rights in or to Faraway's (or any other)
trade names, brands, trade dress, or trademarks (e.g.,
“Faraway's' and “HVML“), all of which are expressly
reserved to Faraway (collectively, “Faraway TM Rights“). You
hereby agree that any Faraway TM Rights you purport to
acquire, together with any associated goodwill, shall
automatically, immediately, and at your expense be assigned to
Faraway.
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You may not use Your Art in a manner that expresses hate or
encourages violence towards a person or group based on
membership in a protected class, such as race, religion,
gender, orientation, or disability.
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You may not use Your Art in a manner that violates applicable
law.
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All rights not expressly granted herein are reserved by us.
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License Back to Faraway. You agree to grant, and hereby grant, to Faraway an
irrevocable, perpetual, non-exclusive, universe-wide,
royalty-free, sublicensable license to reproduce, distribute,
publicly display, publicly perform, transmit, and otherwise use
and exploit any Derivative Work you create in any manner or medium
whatsoever now and in the future, without any compensation or
attribution to you, including but not limited to promoting Faraway
or its brands and publishing related games and other media.
Faraway will in good faith use Derivative Works only in
combination or conjunction with other intellectual property
created, owned, licensed, or controlled by Faraway or its
licensors; provided, that Faraway will not be liable to you for
any use of a Derivative Work pursuant to the license set forth in
this Section 2(d).
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Copyright Notices.
From time to time, Faraway may provide a copyright notice which
you may use with Your Applicable Art (the
“Faraway Copyright Notice“). Subject to your compliance with these Terms, you may include a
copyright notice identifying you, or such other person you
designate, as the copyright owner of any Derivative Work created
during the Commercial License Term, provided that you also include
the Faraway Copyright Notice.
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Copyright Registrations. You shall ensure that any application to obtain a copyright
registration in a Derivative Work may identify you or such other
person you designate as the copyright owner but shall identify
Your Art as a preexisting work upon which the Derivative Work is
based.
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Actions. To the
extent applicable law authorizes you to bring a claim for
infringement based upon the unauthorized use of Your Applicable
Art, you agree that: (i) any such claim shall be based solely upon
the unauthorized use of Your Applicable Art, not other Art (for
example, on the ground that the other Art is substantially similar
to Your Applicable Art); and (ii) Faraway may, in its sole
discretion, join and, unless it would materially prejudice your
rights, elect to take over the control of the prosecution of, any
such action.
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Disputes Among Holders. Faraway has no obligation to support the resolution of, or
resolve any, dispute that may arise between Applicable NFT holders
or between past, current, or future Applicable NFT holders.
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No Decoupling.
Except as expressly provided herein, ownership of an Applicable
NFT and the applicable Non-Commercial License or Commercial
License are not separable in any way. You may not engage in any
transaction or activity that purports to decouple the applicable
Non-Commercial License or Commercial License from Your Applicable
NFT.
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Termination of License. Upon the transfer of Your Applicable NFT to a new Holder, as
recorded by the Applicable Smart Contract: (i) your Non-Commercial
License or Commercial License hereunder, as applicable, shall
immediately and automatically terminate; (ii) you must discontinue
any use of Your Applicable Art as a trademark or other source
identifier; and (iii) any trademark and corresponding registration
obtained in connection with your exercise of the Commercial
License shall be deemed abandoned unless duly transferred to the
new Holder under a separately negotiated written agreement.
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Published Works.
If, during the Commercial License Term, you create and make
available to the public a work using Your Applicable Art (a
“Published Work“), you may, except as set forth
in Section 4(b)(ii), continue to use and exploit that Published
Work in accordance with these Terms after the Commercial License
Term; provided, however, that: (i) you will be responsible for any
obligations or liabilities arising from your continued use of the
Published Work after the Commercial License Term; and (ii) this
privilege does not allow you to use the Art to create any new
works or materials after the Commercial License Term. Thus, for
example:
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A digital series featuring Your Applicable Art that was
released during the Commercial License Term may continue to
run after the Commercial License Term, but any creation or
distribution of any new episodes featuring the Applicable Art
would require a license from the new Holder.
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After the Commercial License Term, you may sell off existing
(at the time of transfer) inventories of merchandise featuring
Your Applicable Art that were created and offered for sale
during the Commercial License Term, but the creation or
distribution of any new merchandise or inventory featuring the
Applicable Art would require a license from the new Holder.**
Holder represents and warrants that Holder:
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is over the age of majority and has the legal capacity to enter
into these Terms;
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will only use and interact with any Applicable NFT and Art in
accordance with these Terms;
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will comply with all applicable law in the exercise of its rights
and obligations under these Terms and will not violate any right
of Faraway, its licensors, or any right of any third party;
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is not, and will not, knowingly execute a transaction involving an
Applicable NFT with any person who is, (i) 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 (ii) listed on any U.S. Government list of prohibited
or restricted parties; and
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has and will have all rights necessary to grant to Faraway the
license set forth inSection 2(d).
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EACH APPLICABLE NFT AND ART IS PROVIDED “AS IS“ AND “AS AVAILABLE“
WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING,
Faraway EXPLICITLY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR
IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT
AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF
DEALING OR USAGE OF TRADE.
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EACH APPLICABLE NFT IS AN INTANGIBLE DIGITAL ASSET THAT EXISTS
ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED ON THE ETHEREUM
BLOCKCHAIN. ANY TRANSFER OF OWNERSHIP THAT MIGHT OCCUR IN ANY
UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN THE
ETHEREUM BLOCKCHAIN, WHICH Faraway DOES NOT CONTROL.
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Faraway WILL NOT BE RESPONSIBLE OR LIABLE TO HOLDER FOR ANY LOSS
IN CONNECTION WITH ANY APPLICABLE NFT OR ART AND TAKES NO
RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO HOLDER FOR, ANY USE
OF OR INABILITY TO USE ANY APPLICABLE NFT OR ART, INCLUDING BUT
NOT LIMITED TO ANY LOSSES, DAMAGES, OR CLAIMS ARISING FROM: (I)
USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED
TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) THE BEHAVIOR OR
OUTPUT OF ANY SOFTWARE OR HARDWARE; (III) DATA LOSS OR CORRUPTION;
(IV) ANY FEATURES, DEVELOPMENT, ERRORS, OR OTHER ISSUES WITH
BLOCKCHAIN NETWORKS OR WALLETS; (V) UNAUTHORIZED ACCESS TO ANY
APPLICABLE NFT OR ART; OR (VI) THE ACTS OR OMISSIONS OF ANY THIRD
PARTY.
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SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED
WARRANTIES IN CONSUMER CONTRACTS, SO THE ABOVE EXCLUSION MAY NOT
APPLY TO YOU.**
Assumption of Risk.](#Risk)
Holder accepts and acknowledges all risks associated with the
following:
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Applicable NFTs and Art subject to the Commercial License may be
used in myriad ways. While we strongly encourage transparency,
communication, and research prior to acquiring an Applicable NFT,
including to understand what previous and existing uses have been
made of the Applicable NFT and Art and how those uses may affect
value, any purchase of an Applicable NFT is at the purchaser’s own
risk. Faraway is not responsible for verifying or providing
information on how an Applicable NFT or its Art have been
exploited. Additional documentation from a Holder may be necessary
or prudent.
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Faraway is not responsible for determining or paying any taxes
that apply to any Holder’s purchase, sale, or transfer of rights
in each Applicable NFT. As between the parties, Holder is
responsible for determining what, if any, taxes apply to such
transactions.
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Transactions involving Applicable NFTs and Art rely on third-party
or decentralized platforms, systems, or marketplaces. We do not
maintain, control, or assume any obligations with respect to such
platforms, systems, or marketplaces. To the extent that Faraway
provides links or access to third party platforms, sites, or other
resources, it does so only as a convenience and is not responsible
for the content, products, or services on or available from those
third parties or through any content displayed thereon.
Holder shall defend, indemnify, and hold Faraway, its licensors,
affiliates, representatives, and service providers, and each of
them, and all of their respective officers, directors, employees,
and agents (the “Indemnified Parties“) harmless from and against any
and all claims, damages, losses, costs, investigations, liabilities,
judgments, fines, penalties, settlements, interest, expenses, and
other similar results or occurrences (including attorneys’ fees)
that directly or indirectly arise from, or are related to or in
connection with, any claim, suit, action, demand, or proceeding or
other similar occurrence, process, or activity that is initiated,
made, brought, or financed by a third party (including any person
who accesses or transacts using any Applicable NFT or Art, whether
or not such person personally purchased a Applicable NFT) against
the Indemnified Parties, or on account of the investigation,
defense, or settlement thereof, arising out of, related to, or in
connection with: (a) your access to or use of any NFT marketplace or
third-party services or products; (b) your breach or alleged breach
of these Terms; (c) your exercise or attempted exercise of the
Non-Commercial or Commercial License; or (d) your actual or alleged
violation of applicable law. Counsel to be used in the defense of
such claim must be approved by Faraway in writing prior to retention
of such counsel and, upon our request, you will allow us to
participate in the defense of any such claims. You will not enter
into any settlement or compromise of any claim or litigation or that
includes an admission of liability without our prior written
consent.
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TO THE MAXIMUM EXTENT PERMITTED BY LAW, NO INDEMNIFIED PARTY WILL
BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL
DAMAGES,OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS,
LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE
INTERRUPTION, COMPUTER DAMAGE, OR SYSTEM FAILURE, OR THE COST OF
SUBSTITUTE SERVICES OF ANY KIND ARISING OUT OF OR IN CONNECTION
WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE OR
INTERACT WITH ANY APPLICABLE NFT OR ART, WHETHER BASED ON
WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT
LIABILITY, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT Faraway
OR ITS SERVICE PROVIDERS HAVE BEEN INFORMED OF THE POSSIBILITY OF
SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO
HAVE FAILED OF ITS ESSENTIAL PURPOSE. IN NO EVENT WILL ANY
INDEMNIFIED PARTY’S CUMULATIVE LIABILITY HEREUNDER FROM ALL CAUSES
OF ACTION AND ALL THEORIES OF LIABILITY EXCEED $100.
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BY PURCHASING OR OWNING AN APPLICABLE NFT, HOLDER ACKNOWLEDGES
THAT THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE
FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN Faraway
AND HOLDER.
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Mandatory Arbitration of Disputes. Any dispute, claim, or controversy arising out of or relating
to these Terms or the breach, termination, enforcement,
interpretation, or validity thereof, or the use of the Applicable
NFT or Art (“Dispute“) must be resolved solely by binding,
individual arbitration and not in a class, representative, or
consolidated action or proceeding. Each party waives the right to
a trial in court and/or by a jury. This arbitration provision
shall survive any termination of the applicable Non-Commercial
License or Commercial License or these Terms.
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Exceptions. As a
limited exception to Section 10(a) above: (i) the parties may seek
to resolve a Dispute in small claims court if it qualifies; and
(ii) each party retains the right to seek injunctive or other
equitable relief from a court to prevent (or enjoin) the
infringement or misappropriation of its intellectual property
rights.
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Conducting Arbitration and Arbitration Rules. The arbitration will be conducted by the American Arbitration
Association (“AAA“) under its Consumer Arbitration Rules (the “AAA
Rules“) then in effect, except as modified by these Terms. The AAA
Rules are available at www.adr.org or by calling 1-800-778-7879. A
party who wishes to start arbitration must submit a written Demand
for Arbitration to AAA and give notice to the other party as
specified in the AAA Rules. The AAA provides a form Demand for
Arbitration at www.adr.org. Any arbitration hearings will take
place in the county (or parish) where one lives, with provision to
be made for remote appearances to the maximum extent permitted by
the AAA rules, unless the parties both agree to a different
location. The parties agree that the arbitrator shall have
exclusive authority to decide all issues relating to the
interpretation, applicability, enforceability, and scope of these
Terms.
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Arbitration Costs.
Payment of all filing, administration, and arbitrator fees will be
governed by the AAA Rules, and Faraway won’t seek to recover the
administration and arbitrator fees for which Faraway is
responsible unless the arbitrator finds your Dispute is frivolous.
If Faraway prevails in arbitration, Faraway will pay all of its
attorneys’ fees and costs and won’t seek to recover them from you.
If you prevail in arbitration, you will be entitled to an award of
attorneys’ fees and expenses to the extent provided under
applicable law.
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Injunctive and Declaratory Relief. Except as provided in Section 10(d) above, the arbitrator shall
determine all issues of liability on the merits of any claim
asserted by either party and may award declaratory or injunctive
relief only in favor of the individual party seeking relief and
only to the extent necessary to provide relief warranted by that
party’s individual claim. To the extent that you or Faraway
prevail on a claim and seek public injunctive relief (that is,
injunctive relief that has the primary purpose and effect of
prohibiting unlawful acts that threaten future injury to the
public), the entitlement to and extent of such relief must be
litigated in a civil court of competent jurisdiction and not in
arbitration. The parties agree that litigation of any issues of
public injunctive reliefs shall be stayed pending the outcome of
the merits of any individual claims in arbitration.
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Class Action Waiver.
YOU AND Faraway AGREE THAT EACH PARTY MAY BRING CLAIMS AGAINST
THE OTHER ONLY IN ITS INDIVIDUAL CAPACITY, AND NOT AS APLAINTIFF
OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE
PROCEEDING. Further, if a Dispute is resolved through arbitration, the
arbitrator may not consolidate another person’s claims with a
party’s claims and may not otherwise preside over any form of a
representative or class proceeding. If this specific provision is
found to be unenforceable, then the entirety of this Dispute
Resolution section shall be null and void.
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Severability. With
the exception of any of the provisions in Section 10(f) (Class
Action Waiver), if an arbitrator or court of competent
jurisdiction decides that any part of these Terms is invalid or
unenforceable, the other parts of these Terms will still apply.
Faraway reserves the right to clarify or amend these Terms by
publicly publishing a new version of them, including, but not
limited to, on kazar.space and any other
website.
These Terms and any action related thereto will be governed by the
U.S. Federal Arbitration Act, federal arbitration law, and the laws
of the State of New York, without regard to its conflict of laws
provisions. Except as otherwise expressly set forth in Section 10
(Dispute Resolution), the exclusive jurisdiction for all Disputes
(defined above) will be the state and federal courts located in the
State and City of New York, and you and Faraway each waive any
objection to jurisdiction and venue in such courts.
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Each of the Non-Commercial License and Commercial License applies
only to the Applicable NFT on the blockchain that Faraway, in its
sole discretion, may designate, which designation shall apply
retroactively. Thus, for example, if a fork or other event
purports to result in duplicate Applicable NFTs, only the
non-fungible token recorded on the blockchain designated by
Faraway will be eligible to receive the benefit of the applicable
Non-Commercial and Commercial License. Any license purportedly
granted hereunder to the owner of a non-fungible token recorded on
a blockchain not designated by Faraway is void ab initio.
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These Terms will transfer and be binding upon and will inure to
the benefit of the parties and their permitted successors and
assigns.
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These Terms constitute the entire agreement, and supersede any and
all prior or contemporaneous representations, understandings and
agreements, between the parties with respect to the subject matter
of these Terms, all of which are hereby merged into these Terms.
Without limitation, the terms of any other document, publication,
course of dealing, or course of trade will not modify these Terms,
except as expressly provided in Sections 11 or 13(a) or as the
parties may agree in writing.
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Failure to promptly enforce a provision of these Terms or any
rights related to the Applicable NFT or Art will not be construed
as a waiver of such provision or rights.
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Nothing contained in these Terms will be deemed to create, or be
construed as creating, a joint venture or partnership between the
parties. Neither party is, by virtue of these Terms or otherwise,
authorized as an agent or legal representative of the other party.
Neither party is granted any right or authority to assume or to
create any obligation or responsibility, express or implied, on
behalf or in the name of the other party. Nothing contained in
these Terms will be deemed to create any third-party beneficiary
right upon any third party whatsoever.
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The parties shall execute and deliver to the other party any and
all such other instruments in reasonable mutually acceptable form
and substance and shall take any and all such other actions as may
be reasonably necessary to carry the intent of these Terms into
full force and effect.
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If any one or more of the provisions of these Terms should be
ruled wholly or partly invalid or unenforceable, then the
provisions held invalid or unenforceable will be deemed amended,
and the arbitrator, court, or other government body is authorized
to reform the provision(s) to the minimum extent necessary to
render them valid and enforceable in conformity with the parties’
intent as manifested herein.
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The headings to sections of these Terms are for convenience or
reference only and do not form a part of these Terms and will not
in any way affect its interpretation.
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Neither party will be afforded or denied preference in the
construction of these Terms, whether by virtue of being the
drafter or otherwise.
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For purposes of these Terms, the words and phrases “include,“
“includes,“ “including,“ and “such as“ are deemed to be followed
by the words “without limitation“.
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Holder may give notice to Faraway by contacting Faraway at
[email protected]. Notice is effective upon receipt.
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The parties have agreed to contract electronically and,
accordingly, electronic signatures or any other forms of
acceptance permitted by law, will be given the same effect and
weight as original signatures.