Terms Policy

Acceptance of Terms This document and other referenced documents constitute our terms of use (the "Terms"). These Terms form a legally binding contract between you and MicroAssets. Please note that Section 10, Disputes with MicroAssets, contains an arbitration clause and a class action waiver. By agreeing to these Terms, you agree to resolve all disputes through binding individual arbitration, waiving any right to a judge or jury trial and to participate in class actions.

1. Your Privacy Your privacy is important to us. Our Privacy Policy details how your information is collected, used, and shared when you use our services. By using our services, you agree to our Privacy Policy. MicroAssets, along with buyers and sellers, process members' personal information as independent data controllers under EU law. If MicroAssets and sellers are deemed joint data controllers, you agree to indemnify MicroAssets for any costs incurred due to your actions as a joint data controller.

2. Your Account with MicroAssets To use some of our services, you must create an account. The following rules apply:

  • You must be 18 years or older.
  • Provide truthful information about yourself.
  • You are responsible for all activity on your account.
  • Protect your password.
  • These Terms do not create any agency, partnership, or employment relationship between you and MicroAssets.

3. Your Content Content you post using our services remains yours. However, you grant MicroAssets a license to use, display, edit, modify, and distribute your content to operate and promote the services. If you believe content posted without permission infringes your rights, notify us immediately. We respect intellectual property rights and will remove infringing content.

4a. Your Use of Our Services We grant you a limited, non-exclusive, revocable license to use our services, subject to the following restrictions:

  • Do not use our services to break the law.
  • Pay any fees you owe to MicroAssets.
  • Do not steal our intellectual property.
  • Do not disrupt our services.
  • Follow our trademark policy.
  • Do your own due diligence on transactions. We are not liable for any fraud or misrepresentation.

4b. Your Use of Our Services It is essential to take the time to upload up-to-date and accurate information and screenshots about website traffic, users and statistics (and revenue when such is claimed). We reserve the right to reject from the marketplace projects which we feel do not meet our standards. Examples of this include, but are not limited to, missing proof of revenue where revenue is claimed, and/or missing proof of traffic, subscribers and/or users.

5. Termination You may terminate your account at any time by contacting us. MicroAssets may terminate or suspend your account if you violate our Terms. Upon termination, you may lose access to your account and content. We reserve the right to change, suspend, or discontinue any services at any time without liability.

6. Warranties and Limitation of Liability MicroAssets does not inspect the businesses sold through our services. We provide the platform, but sellers are responsible for the businesses they list. We disclaim all warranties and liability for businesses sold through our services, content accessed through our services, and interactions with other users. Our liability is limited to £100 or the amount you paid MicroAssets in the past 12 months.

7. Indemnification If MicroAssets is sued because of something you did, you agree to defend and indemnify us, covering any legal claims or demands arising from your actions, use of our services, or breach of the Terms.

8. Escrow Services for Transactions We strongly encourage all transactions between buyers and sellers to be conducted through Escrow for added security and peace of mind.

What is Escrow? Escrow is a financial arrangement where a third party holds and regulates the payment of funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account, which is only released when all of the terms of an agreement are met.

Why Escrow is Safe

  • Security: Funds are held by a trusted third party and are only released when all conditions of the transaction are fulfilled, ensuring both parties uphold their end of the deal.
  • Protection: Escrow protects both the buyer and the seller from potential fraud or misrepresentation by ensuring that the transaction terms are met before the money is transferred.
  • Peace of Mind: Using Escrow provides assurance that the transaction will proceed smoothly, which can be particularly important in high-value or complex transactions.

To learn more about Escrow visit https://www.escrow.com/what-is-escrow/.

9. Disputes with Other Users We encourage users to resolve disputes amicably. If unresolved, you may use our case system, but MicroAssets has no obligation to resolve disputes.

10. Disputes with MicroAssets For legal disputes involving our services:

  • Governing Law: The laws of England and Wales govern these Terms.
  • Arbitration: Disputes will be resolved by binding arbitration, administered by the London Court of International Arbitration (LCIA), in the English language.
  • Costs of Arbitration: You will be responsible for any fees.
  • Forum: For actions not subject to arbitration, disputes will be handled in the courts of England and Wales.

11. Changes to the Terms We may update these Terms periodically. If changes are material, we will notify you by posting updates or sending an email. Changes take effect upon posting. Continued use of our services indicates your acceptance of the updated Terms.

12. Contact Information For questions about the Terms, please contact us at dpo@microassets.co