CoinPress Terms of Service

Last Updated: November 10, 2018

PLEASE READ THIS TERMS OF SERVICE AGREEMENT (“Agreement”) CAREFULLY. This Agreement has been prepared as a legally binding agreement between you (“you” or “you”) and CoinPress (“CoinPress”, “us”, “our”, or “we”) (You and CoinPress collectively referred to as the “Parties”).

CoinPress makes its websites that link to this Agreement and related services enabled by such websites, including the wallet desktop application (collectively, the “Service”) available for your use subject to the terms and conditions in this Agreement. Unless otherwise stated, the terms and conditions in this Agreement apply to your use of the Service and CoinPress Technology (defined below) regardless of whether you use the Service: (1) as a person who uses the CoinPress service to create (“Founder”) a crypto coin (“Coin”) and blockchain ("Blockchain") and the wallet software to manage the Coin ("Wallet"); or (2) as a person who downloads the wallet for an existing Coin and Blockchain on the Service (a “Wallet Users”).

BY ACCESSING OR USING THE SERVICE IN ANY WAY, YOU AGREE TO AND ARE BOUND BY THIS AGREEMENT, AND IF YOU DO NOT ACCEPT ANY OF THE TERMS OF THIS AGREEMENT OR YOU DO NOT MEET OR COMPLY WITH ITS PROVISIONS, YOU MAY NOT USE THE SERVICE AND ANY RIGHTS GRANTED TO YOU IN THIS AGREEMENT SHALL TERMINATE IMMEDIATELY AND WITHOUT NOTICE.

IMPORTANT NOTICE: YOUR USE OF THE SERVICE IS SUBJECT TO AN ARBITRATION PROVISION IN SECTION 14 OF THIS AGREEMENT, REQUIRING ALL CLAIMS TO BE RESOLVED BY WAY OF BINDING ARBITRATION. Please carefully review Section 14 of this Agreement for more information.

1. Access and Use of the Service

(a) CoinPress’s Rights in and to CoinPress Technology The Service, its content (excluding User Content, as defined below), the designs of each of the foregoing, and any and all intellectual property rights in and to the foregoing (collectively, the “CoinPress Technology”), as between CoinPress and you, shall at all times remain the exclusive property of CoinPress and its third-party licensors. You are not acquiring any rights in or to the CoinPress Technology other than a non-exclusive right to access and use the Service solely in accordance with the terms of this Agreement.

(b) Right to Access and Use the Service On the condition that you comply with all your obligations under this Agreement, CoinPress grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable right to access and use CoinPress Technology solely for personal use or, if applicable, for your internal business purposes. Any use of CoinPress Technology that exceeds the rights expressly granted in this Agreement is strictly prohibited and constitutes a violation of this Agreement, which may result in the termination of your right to access and use CoinPress Technology. Your access to the Service is provided on a temporary basis with no guarantee for future availability. Without limiting the prior sentence, CoinPress may terminate your access to CoinPress Technology immediately in the event you violate the terms of this Agreement or at any time as deemed necessary by CoinPress in its sole judgment to protect CoinPress Technology or other users of the Service.

2. Submitted Coins

(a) User Content. The Service includes features that involve your upload or download of information, including Coins, Blockchains, Wallets, Service Feedback, and other content (collectively, “User Content”). This Section sets forth the Parties respective rights in and to User Content.

(b) License to User Content.

i. CoinPress will take a pre-allocated stake of Coins for administration and development. Exact amounts will be visible in the genesis block of each Blockchain.

ii. As an Founder creating a Coin and Blockchain on the Service, you hereby grant a non-exclusive, royalty-free, fully paid-up, worldwide, perpetual license to CoinPress (A) to use and display the Coin, and to generate and distribute a Wallet pursuant to Section 2(c)(ii), solely to the extent necessary for CoinPress to provide the Service; (B) to transfer such rights to any affiliate of CoinPress or successors in interest; (C) and to sub-license such rights to Wallet Users for their use of the Coin, Blockchain, and Wallet.

(c) Wallets.

i. As a Founder or Wallet User receiving a Wallet through the Service, CoinPress hereby assigns and transfers to you (at no cost to you) its right, title and interest in and to the Wallet, including, without limitation, all intellectual property rights therein (including all rights to sue for past infringement) and all applications based upon, derived from, or incorporating the Coin or Blockchain or any part thereof, all of which are and shall be free of any lien or encumbrance. CoinPress hereby waives (on behalf of itself, its affiliates and third-party contractors) any moral rights under any “droit moral” or similar provision of law that may be applicable to the Coin or Blockchain.

(d) Your Feedback. We welcome your comments regarding CoinPress Technology. If you elect to provide or make available to us any suggestions, comments, ideas, improvements, or other information or materials in connection with or related to CoinPress Technology (“Service Feedback”), you hereby grant us a non-exclusive, royalty-free, fully paid-up, irrevocable, perpetual, worldwide, transferable license, with the right to sublicense, under all intellectual property rights in and to such Service Feedback to (i) use, copy, reproduce, distribute, sell, license, lease, create derivative works of, adapt, publicly display, and perform such Service Feedback in any and all media now known or hereafter created, (ii) incorporate all or any of the Service Feedback or results of clause (i) into the CoinPress Technology and to make such CoinPress Technology available to third parties, and (iii) make, have made, develop, sell, offer to sale, import, lease any CoinPress Technology; it being agreed that CoinPress and its sublicensees may exercise all such rights and disclose such Service Feedback in any manner and via any media CoinPress chooses, without reference to its source and without any other obligation even if such Service Feedback is designated by you as confidential.

3. Your Acknowledgements.

You understand and acknowledge that: (a) CoinPress has no obligation to monitor any Founder or Wallet User activity (including Coin submissions) or to enforce any contractual or intellectual property rights; (b) CoinPress has no obligation to retrieve User Content from any sub-licensee or other third party; and (c) CoinPress has no obligation to exercise any of its rights to the User Content. WITHOUT LIMITING THE FOREGOING, YOU AGREE THAT COINPRESS SHALL NOT BE LIABLE IN ANY WAY FOR ANY HARM OF ANY KIND OR UNDER ANY THEORY AS A RESULT OF ANY PERSON’S USE OF THE USER CONTENT. IN ADDITION TO THE DISCLAIMERS IN SECTION 9 OF THIS AGREEMENT, YOU ACKNOWLEDGE THAT COINPRESS PROVIDES USER CONTENT, AND ANY RIGHTS ASSIGNED OR GRANTED UNDER SECTION 2, TO YOU “AS IS” AND WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF NON-INFRINGEMENT.

4. Your Representations and Warranties concerning User Content.

By submitting User Content, you represent and warrant that:

  • You are at least 18 years old, or the age of majority in your jurisdiction of residence, if older;
  • You own or otherwise have the necessary rights to the submitted User Content, including, where applicable, the right to grant or assign the rights under Section 2 of this Agreement, and such User Content does not infringe any third-party rights (including rights to privacy or publicity) or misappropriate any third-party intellectual property or confidential information;
  • User Content you submit will not contain any content that, in accordance with standards under applicable law, is obscene, defamatory, or libelous;
  • Except as expressly requested by CoinPress, you will not submit User Content that identifies you or would reasonably enable another user to identify or contact you (excluding contact via any means of communication provided by the Service);
  • You will not submit User Content that includes any personal information of a third party, images of a third party, or depictions of a third party’s name or likeness, without the third party’s providing any required consent in accordance with applicable law;
  • You will not submit User Content with the intent to threaten, harass, abuse, offend, or otherwise harm the recipients of such User Content; that violate, could cause us or a third party to violate, or encourage us or a third party to violate any applicable law, statute, ordinance, or regulation; or that would violate CoinPress’s, or any third party, proprietary, or intellectual property rights, including unauthorized copyright text, images, programs, trade secrets, or other confidential proprietary information, or use trademarks or service marks in an infringing fashion; and
  • You are not, you are not acting on behalf of any person or entity that is, and are not located in or a national or resident of any country that is, subject to U.S. trade sanctions or on any restrictions on exports, reexports or transfers of items.

User Content is your sole responsibility. Under no circumstances will we be liable in any way for User Content or for any loss or damage of any kind incurred as a result of the use of any of User Content. CoinPress further reserves the right to monitor, delete, or modify any User Content that it deems inappropriate, advertising, illegal, or in violation of this Agreement. CoinPress may suspend or terminate, in whole or in part, your access to the Service if you violate the terms and conditions set forth in this Section.

5. Restrictions on Your Use of the Service

You agree that when using the Service, you will not:

  • use any CoinPress Technology in any manner that misappropriates any trade secret or infringes any copyright, trademark, patent, rights of publicity, privacy, or other proprietary right of any party;
  • reverse engineer, copy, reproduce, or create derivative works of all or any portion of the CoinPress Technology;
  • introduce into the Service any virus, rogue program, time bomb, drop dead device, back door, Trojan horse, worm or other malicious or destructive code, software routines, denial of service attack, or equipment components designed to permit unauthorized access to the Service, or to otherwise harm other users, CoinPress Technology, or any third parties;
  • use the Service to commit fraud or conduct other unlawful activities;
  • use any bot, spider, or other automatic or manual device or process for the purpose of harvesting or compiling information on the Service for any reason;
  • connect to or access any CoinPress computer system or network without authorization;
  • use the CoinPress Technology or any information in the Service to create or sell a similar service;
  • use any User Content obtained through the Service to attempt to identify or contact (except through means of communication provided by the Service) any other user of the Service;
  • use the Service, or information obtained through the Service, to transmit any advertisements or solicitations of business, chain letters, pyramid schemes, or bulk e-mail lists; or
  • impersonate someone else.

6. Account Security

You are responsible for protecting your log-in credentials from unauthorized access and use. You must promptly notify CoinPress by email at admin@coinpress.cc of any known or suspected unauthorized use(s) of your account.

7. Links

For your convenience, we may provide links to various other websites that may be of interest to you and for your convenience only. However, CoinPress does not control or endorse such websites and is not responsible for their products, services, or content nor is it responsible for the accuracy or reliability of any information, data, opinions, advice, or statements contained within such websites. This Agreement applies only to the Service that CoinPress offers. If you decide to access any the third-party website linked to the Service, you do so at your own risk, and you should review the terms and conditions and privacy policies of such third-party sites. CoinPress disclaims all warranties, express and implied, as to the accuracy, validity, and legality or otherwise of any materials or information contained on such sites.

8. No Warranties

EXCEPT AS EXPRESSLY PROVIDED OTHERWISE IN A WRITTEN AGREEMENT BETWEEN YOU AND COINPRESS, THE SERVICE, AND ALL COINPRESS TECHNOLOGY AND SERVICES ACCESSIBLE THROUGH SERVICE, ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR THE WARRANTY OF TITLE OR NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, COINPRESS MAKES NO WARRANTY THAT: (i) THE COINPRESS TECHNOLOGY AND SERVICE WILL MEET YOUR REQUIREMENTS; (ii) THE COINPRESS TECHNOLOGY AND SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; (iii) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE COINPRESS TECHNOLOGY OR SERVICE WILL BE EFFECTIVE, ACCURATE, OR RELIABLE; (iv) THE QUALITY OF ANY COINPRESS TECHNOLOGY WILL MEET YOUR EXPECTATIONS; AND (v) ANY ERRORS, TYPOS, OR DEFECTS IN THE COINPRESS TECHNOLOGY OR SERVICE WILL BE CORRECTED.

IN THE EVENT THE EXCLUSION OF IMPLIED WARRANTIES OR LIMITATIONS CONTAINED IN THIS AGREEMENT SHALL BE DETERMINED BY A COURT TO BE INVALID OR UNENFORCEABLE, THEN SUCH PROVISIONS SHALL BE REFORMED TO THE MAXIMUM LIMITATION PERMITTED BY APPLICABLE LAW, AND TO THE EXTENT PERMISSIBLE, ANY SUCH IMPLIED WARRANTIES ARE LIMITED TO 90 DAYS.

9. Limitation of Liability

YOU EXPRESSLY AGREE TO WAIVE AND RELEASE AND HEREBY WAIVE AND RELEASE, ANY AND ALL CLAIMS AND LIABILITIES AGAINST COINPRESS THAT ARISE FROM YOUR USE OF THE SERVICE OR COINPRESS TECHNOLOGY, INCLUDING, WITHOUT LIMITATION, YOUR USE OF THE SERVICE OR COINPRESS TECHNOLOGY IN VIOLATION OF THIS AGREEMENT OR ANY FEDERAL, STATE, OR LOCAL LAWS OR REGULATIONS.

UNDER NO CIRCUMSTANCES, SHALL COINPRESS OR ANY OF ITS OFFICERS, DIRECTORS, MANAGERS, SHAREHOLDERS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY DIRECT OR INDIRECT LOSSES OR DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE USE OF OR INABILITY TO USE THE SERVICE.

THIS IS A COMPREHENSIVE LIMITATION OF LIABILITY THAT APPLIES TO ALL LOSSES AND DAMAGES OF ANY KIND (WHETHER GENERAL, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY, OR OTHERWISE, INCLUDING LOSS OF DATA, INCOME OR PROFITS), WHETHER IN CONTRACT, NEGLIGENCE, GROSS NEGLIGENCE, OR OTHER TORTIOUS ACTION, EVEN IF AN AUTHORIZED REPRESENTATIVE OF COINPRESS HAS BEEN ADVISED OF OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES.

IF YOU ARE DISSATISFIED WITH THE SERVICES, ANY COINPRESS TECHNOLOGY, OR WITH THIS AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SERVICES OR THE COINPRESS TECHNOLOGY. YOU ACKNOWLEDGE, BY YOUR USE OF THE SERVICES AND COINPRESS TECHNOLOGY, THAT SUCH USAGE IS AT YOUR SOLE RISK AND YOU ACCEPT THE TERMS AND CONDITIONS STATED IN THIS AGREEMENT, INCLUDING THE LIMITATION OF LIABILITY AND DISCLAIMERS SET FORTH HEREIN.

IN THE EVENT THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES CONTAINED IN THIS AGREEMENT SHALL BE DETERMINED BY A COURT OR ARBITRATOR TO BE INVALID OR UNENFORCEABLE, THEN SUCH PROVISIONS SHALL BE REFORMED TO THE MAXIMUM LIMITATION PERMITTED BY APPLICABLE LAW. IN ANY EVENT, THE TOTAL MAXIMUM AGGREGATE LIABILITY UNDER THIS AGREEMENT OR THE USE OR EXPLOITATION OF ANY OR ALL PARTS OF THE SERVICES IN ANY MANNER WHATSOEVER SHALL BE LIMITED TO ONE HUNDRED DOLLARS ($100.00).

IF YOU ARE A CALIFORNIA RESIDENT OR COULD OTHERWISE CLAIM THE PROTECTIONS OF CALIFORNIA LAW, YOU FURTHER EXPRESSLY WAIVE THE PROVISIONS OF SECTION 1542 OF THE CALIFORNIA CIVIL CODE, WHICH READS AS FOLLOWS: "A GENERAL RELEASE DOES NOT EXTEND TO THE CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR." YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND SECTION 1542 OF THE CALIFORNIA CIVIL CODE, AND YOU HEREBY EXPRESSLY WAIVE AND RELINQUISH ALL RIGHTS AND BENEFITS UNDER THAT SECTION AND ANY LAW OF ANY JURISDICTION OF SIMILAR EFFECT WITH RESPECT TO YOUR RELEASE OF ANY CLAIMS YOU MAY HAVE AGAINST COINPRESS.

10. Indemnity

You agree to defend, indemnify, and hold CoinPress and its affiliates, and their respective officers, directors, managers, shareholders, employees, agents, contractors, and other users of the Service (whether Founders or Wallet Users) (collectively the “CoinPress Indemnitees”), harmless from and against any all claims, losses, liabilities, damages, costs, and expenses (including, without limitation, reasonable attorneys’ fees) resulting from or alleged to result from your use of CoinPress Technology or your violation of this Agreement.

11. Jurisdictional Issues

The Service are controlled and operated by CoinPress from its offices in the United States, and is not intended to subject CoinPress to the laws or jurisdiction of any state, country, or territory outside the United States. CoinPress does not represent or warrant that the Service, the CoinPress Technology, or any aspect thereof, are appropriate or available for use in any particular jurisdiction. Those who choose to access the Service do so on their own initiative and at their own risk, and are responsible for complying with local laws.

12. Choice of Law

This Agreement and the rights of the parties hereunder will be governed by and construed in accordance with the laws of the state of Illinois, exclusive of conflict or choice of law rules. Notwithstanding the provision in the preceding paragraph with respect to applicable substantive law, any arbitration conducted pursuant to the terms of this Agreement will be governed by the Federal Arbitration Act (9 U.S.C., Secs. 1-16).

13. Agreement to Arbitrate

All disputes arising out of, or relating to, this Agreement (including formation, performance, breach, enforceability, and validity of this Agreement) or our operation of the Service shall be resolved by final and binding arbitration to be held in the English language in Chicago, Illinois pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, enforceability, or formation of this Agreement, including any claim that all or any part, of this Agreement is void or voidable.

We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration we each waive any right to a jury trial.

Without prejudice to the agreement to resolve disputes in binding arbitration set forth in the previous paragraph, either party to this Agreement may obtain preliminary injunctive relief in a court of competent jurisdiction, for the purpose of enforcing any of the terms of this Agreement pending a final determination in arbitration or permanent relief for the purpose of enforcing arbitral awards.

14. Changes to Terms

We may revise and update this Agreement from time to time, and will post the updated Agreement to the Service. UNLESS OTHERWISE STATED IN THE AMENDED VERSION OF THIS AGREEMENT, ANY CHANGES TO THIS AGREEMENT WILL APPLY IMMEDIATELY UPON POSTING. Although we are not obligated to provide you with notice of any changes, any changes to this Agreement will not apply retroactively to events that occurred prior to such changes. Your continued use of the Service will constitute your agreement to any new provisions within the revised Agreement.

15. Miscellaneous Terms

(a) Complete Agreement. This Agreement constitutes the entire agreement between you and CoinPress relating to your use of, and access to, the Service and CoinPress Technology and supersedes any prior or contemporaneous agreements or representations. This Agreement may not be amended except as set forth in Section 16 of this Agreement. For avoidance of doubt, notwithstanding this Section, this Agreement does not modify, revise, or amend the terms of any other agreements you may have with CoinPress.

(b) Construction. If any portion of this Agreement is ruled invalid or otherwise unenforceable, it shall be deemed amended in order to achieve as closely as possible the same effect as originally drafted. Any invalid or unenforceable portion should be construed as narrowly as possible in order to give effect to as much of this Agreement as possible.

(c) Other Interpretative Provisions. Descriptive headings contained in this Agreement are for convenience only and shall not control or affect the meaning or construction of any of this Agreement. The words “this Agreement,” “herein,” “hereby,” “hereunder,” “hereof,” and words of similar import refer to this Agreement as a whole and not to any particular Section, subsection, or subdivision unless expressly so limited. The words “this Section,” “this subsection,” and words of similar import refer only to the Section, or subsection hereof in which such words occur. The words “either,” “or,” “neither,” “nor,” and “any” are not exclusive. The word “including” (in its various forms) means including without limitation.

(d) No Waivers. Our failure to enforce or exercise any provision of this Agreement or related right will not constitute a waiver of that right or provision.

(e) No Assignments and Transfers. No rights or obligations under this Agreement may be assigned or transferred by you, either voluntarily or by operation of law, without our express written consent and in our sole discretion.

(f) Language of this Agreement. Although this Agreement may be translated into other languages, the English language version of this Agreement shall control in any dispute between the parties.

(g) Third Party Beneficiaries. Except for Section 6, which is for the benefit of Founders, nothing in this Agreement will confer upon any person, other than the Parties, any rights, remedies, obligations, or liabilities whatsoever.

(h) Relationship of the Parties. Nothing contained in this Agreement shall be construed as creating any agency, partnership, franchise, business opportunity, joint venture or other form of joint enterprise, employment or fiduciary relationship between the Parties, and neither Party shall have authority to contract for or bind the other Party in any manner whatsoever. No relationship of exclusivity shall be construed from this Agreement.

(i) Notices. You can provide any notices to us under this Agreement by e-mail or mail using the contact information provided in Section 18. Unless you tell us otherwise, or the law requires otherwise, you agree to receive all communications from us by e-mail or through posting notices to your account in the Service. You are responsible for providing CoinPress with up-to-date contact information, which you may do by sending a message to us via the contact information provided in Section 18. You agree that all communications that we send to you electronically satisfy any legal requirement that a communication be in writing. You may print the communications for your records.

16. Contact Us.

If you would like to request additional information regarding this Agreement, please contact us at admin@coinpress.cc.

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