Welcome to the Newcent Services. This Agreement (“Agreement”) is a contract between you (“you,” “your”, “customer” or “user”) and Newcent AG (“Newcent,” “we”, “us, “our” or “The Company”) and applies to your use of: (a) the newcent.ch website and any associated other Newcent-hosted websites or mobile applications (collectively the “Site”), and (b) any of the services provided to you by Newcent (together with the Site, the “Services”).
Newcent AG is a company having its registered office at registered at Industriesstrasse 24 in Zug, Switzerland with the registration number CHE-329.145.023. This Agreement incorporates, and you hereby accept and agree to the applicable policies, website notifications and guidelines that are provided or made available to you, appear on our website or are referenced in this Agreement and which we may modify from time to time.
You may not transfer or assign any rights or obligations you have under this Agreement to any third party without our prior explicit written consent.
We reserve the right to transfer or assign this Agreement or any right or obligation under this Agreement at any time without your consent. You hereby already consent to any such future transfer or assignment. This does not affect your rights to close your account.
1. AGREEMENT
1.1. By accessing or using the Services, printing or downloading materials from the Site, or otherwise using the Site or Newcent Services, you agree (on behalf of yourself or the company you represent) to comply with and be legally bound by this Agreement. If you do not agree to any of the terms set forth in this Agreement, you may not access or use any of the Services.
1.2. Each time you contact Newcent, access or use the Service to undertake a Transaction you must acknowledge and consent to the Charges, Fees and Exchange Rates as has been agreed between you and Newcent. By proceeding with a Transaction or Transaction request, you manifest your understanding of and consent to the Charges and Exchange Rate. If you do not understand or consent to the Charges and Exchange Rate, you may not proceed with a Transaction
1.3. To be able to use our services you must meet the following criteria:
• You have full legal capacity to enter into a contract; and
• If you are an individual, you must be at least 18 years old or older (if the applicable age of majority and contractual capacity in a jurisdiction where you reside is above 18 years of age). By accessing or using the Services you represent and warrant that you are 18 or older and otherwise are legally competent to enter into this Agreement.
You must not be acting on behalf of or for the benefit of, anyone else, unless you are opening the Account for the company that you own or the company that employs you or has otherwise formally authorized you to open an account with us on their behalf. If you are using our Services on behalf of a legal entity, you represent and warrant that you are authorized to bind that entity to these Terms. When these Terms refer to “you”, it means they will refer to you and that entity, and that entity agrees to be responsible for you and any other user that accesses the Services on its behalf, including for your and their compliance with these Terms.
We may restrict or prohibit access to or use of all or some of our Services from certain locations in countries, depending on various regulatory requirements.
1.4. If you are a resident of a country outside of Switzerland or the European Economic Area (“EEA”) or are using Newcent (and our partner) Services to send funds to or from bank accounts, mobile wallet accounts or other payment instruments operated by financial institutions outside of Switzerland and the EEA, several provisions of these Terms and Conditions may not be applicable to you. We will make appropriate references and list the exceptions in the following sections of these Terms.
If you are a business account user (which means that your account with us is opened and used primarily for purposes of conducting trade, running a business or exercising professional activities on a regular basis), several provisions of these Terms may have limited applications to you due to the fact that you will not be considered a consumer within the meaning of applicable governing consumer rights in Switzerland, the EEA, for example, with respect to certain functionalities of SEPA transfers or credit card transactions. In particular, we or our partners may need to charge you additional fees for provision of additional information or conducting remedial and deterrent actions. For example, in cases of unauthorized or disputed transactions, you will not benefit from certain provisions stipulated by Articles 72, 74, 76 and several other articles of the EU Payment Services Directive, that are only applicable to consumers.
1.5. We may amend or modify this Agreement by posting a revised Agreement on the Site and, where applicable, by notifying you 60 calendar days in advance about the upcoming changes and modifications by email. By continuing to access or use the Site or our Services after we have posted a revised Agreement, you agree to be bound by the modified Agreement. In the event that you do not agree to be bound by the modified Agreement, you must cancel your Newcent Account and otherwise cease accessing or using the Site and Services. You further agree that we may (a) modify or discontinue any portion of the Services, and (b) suspend or terminate your access to the Services, at any time, without notice to you in certain, limited circumstances described herein. You agree that we shall not be liable to you or any third party for any modification or termination of the Services, or suspension or termination of your access to the Services, except to the extent otherwise expressly set forth herein.
1.6. Capitalized terms not otherwise defined in context are defined at the end of this Agreement.
2. OUR SERVICES
2.1. The Services are made available to you subject to terms and conditions of this Agreement.
2.2. After you have established a Newcent Account and have completed certain required compliance checks, you may initiate Transactions using Newcent Services, for example, to buy or sell certain financial or non-financial assets by using payment methods we support, and/or provide us with your Payment Order or Remittance Order instructions with respect to how you would like to deposit funds, receive proceeds from your transactions or otherwise send funds from or receive funds into Account, as the case may be.
All Transactions can be subject to verification. In particular, transactions with credit cards are subject to a number of verifications and checks by the card processors and issuing banks; blockchain transactions are subject to obtaining a certain number of blockchain confirmations, before such transactions can be validated. As required by applicable laws and regulations, we or our partners may reject a Transaction and we will inform you accordingly about this fact and also provide you with reasons for our refusal, unless we are not permitted to make such disclosures based on applicable regulations.
2.3. Exchange Transactions with Virtual Assets and Fiat Balances
To initiate an Exchange Transaction involving virtual assets or virtual assets and fiat currencies, you will need to:
• transfer your virtual assets to your Newcent Account;
• agree with us on an Exchange Rate, which is valid for the Exchange Period specified and which will determine the amount of virtual assets and fiat balance to be debited from/credited to your Newcent Account as well as the amount of applicable Charges;
• designate a Account into which the fiat currency is to be deposited, as the case may be; and
• confirm your Exchange Transaction.
Once you confirm the Transaction, you have irrevocably authorized us to execute is in accordance with your instructions and to charge you applicable fees.
We will notify you whether the Transaction has been executed or rejected within 24 hours.
2.4. Purchase or Sell Transactions
To initiate a Purchase or Sell Transaction, you will need to:
• have sufficient funds or sufficient assets on your account or a mobile wallet account or another valid payment instrument supported by us, that you will use to initiate the transfer to us by following applicable instructions provided to you;
• agree with us on an Exchange Rate or a Purchase or Sale Price, as the case may be, which is valid for the Exchange Period specified, and which will determine the amount of assets or currencies to be transferred to your designated Account as well as the amount of assets or currencies to be transferred us or our partners, net of applicable Charges;
• designate your 3rd party Account into which the funds, assets or fiat currencies are to be deposited, as the case may be;
• confirm your Transaction;
• if you are using a bank account or another financial instrument or payment method, once you confirm the Transaction, depending on the payment method you use, you will be either required to transfer the corresponding amounts within the timeframe specified, or you will irrevocably authorize us to debit the designated amount or funds held on your Newcent Account.
We will notify you of the successful Transaction Execution or Rejected Transaction within 24 hours.
3. CERTAIN RISKS
3.1. In connection with a Transaction, we will attempt to confirm that the validity of the Payee Account or Payor Account to the extent possible; however, it is your responsibility to ensure, that the Payee Account or Payor Account or wallets belongs to your intended recipient. If we are unable to deliver the designated funds, assets or currencies to the designated account, our only obligation, and your sole recourse, is to terminate the Transaction.
3.2. If we terminate the Transaction, our only obligation, and your sole recourse, will be for Newcent to credit your Newcent Account for the amount of that Transaction less any applicable fees, unless we are required to freeze the funds due to, for example, suspected risks of money laundering, illegal activities, online fraud and in some other cases, as required by applicable regulations.
3.3. We reserve the right to refuse to process or to cancel any pending Transaction as required by law or in response to a subpoena, court order, or other binding government order.
3.4. All blockchain-based transactions are non-reversible. Newcent cannot reverse any Transaction that has been communicated to and confirmed, for example, by the Bitcoin or Ethereum networks.
3.5. Please be advised that transferring virtual assets or any funds may not be instantaneous and may require a number of confirmations. We are not responsible for, and you agree to hold us harmless against fluctuations in the Exchange Rates while virtual assets or any other currencies or funds are pending confirmation or are in transit.
3.6. The regulatory framework in relation to transactions involving virtual currencies is still emerging. It is possible that your transactions are or may be in the future subject to various reporting, tax or other liabilities and obligations. Legislative and regulatory changes or actions at the country (e.g. Switzerland), regional (for example, the EEA) or international level may adversely affect the use, transfer, exchange, and value of a virtual currency.
3.7. There is a risk that your Transactions may be affected by system failures resulting from adverse events, natural disasters and other emergencies and unforeseen significant changes in the external environment. With regards to opportunity loss (e.g. you lost an opportunity to make a Transaction, resulting in loss of hypothetical profits which could have been obtained) due to things such as emergency situations, technical failures and force majeure circumstances, we will not take corrective actions since we are not able to determine the details of the hypothetical Transaction which would have not been completed.
3.8. You may not be able to access your virtual currency wallet if you lose your private key or password to your external virtual currency wallet or an account, with the result that your virtual currency may be permanently lost for you. Newcent will not be able to help you in this case and you will hold us harmless against the loss of your password or key to such external virtual currency wallets.
3.9. You accept the risk that a Transaction may be delayed for any reason and you agree to hold Newcent harmless from and against any damages or injury arising out of or related to such delay.
4. APPLICATION FOR A NEWCENT ACCOUNT
4.1. In order to use any of the Services, you must first register as a Customer on the Site and obtain a Newcent Account.
4.2. To register as a Customer, you will be required to provide some or all of the following information, upon registration and from time to time thereafter:
• The identification number;
• Your full name;
• Your registered address;
• Your email address;
• Your date of birth;
• Your taxpayer identification number;
• Your government identification number;
• Your telephone number;
• Your nationality;
• A user name and password;
• Identification and verification of the third party bank accounts, wallets or other accounts from which you will transfer funds to or from your Newcent Account;
• Your business registration documents and information about the entities or individuals that own, control and manage your business;
• Your financial statements, audit reports or other information about your business we may deem necessary;
• Copy of Passport or other governmental identification documents of all individuals who are assoiated with your Newcent Account; and
• Other information to verify your or your personal or business identity that we may request from time to time.
Some countries and jurisdictions are not eligible for the use of Newcent Services. You must be a resident of an eligible country or jurisdiction and not be a resident in any of the following countries or jurisdictions:
• Afghanistan;
• Burma/Myanmar;
• Crimea Region;
• Cuba;
• Eritrea;
• Iran;
• Iraq;
• Kosovo;
• Lebanon;
• Libya;
• North Korea;
• Palestinian Territories and the Gaza Strip;
• Somalia;
• South Sudan;
• Sudan;
• Syria;
• Yemen.
• Venezuela
4.3. All information you provide must be complete and accurate in all respects. It is your obligation immediately to update any incomplete or incorrect information in your Newcent Account.
4.4. All information you provide is subject to our own review and verification. We may use third parties, for example, providers of KYC scanning solutions, fraud management agencies, populations registers, national databases, credit bureaus to make any inquiries we consider necessary to verify your identity and/or Newcent Account information, manage the risk of online fraud and fulfill our legal obligations. Please refer to our privacy policy for additional information.
4.5. All information you provide to us is subject to storage by Newcent for a period of five (5) years (or such other period as Newcent may determine in order to comply with applicable laws and business practices) for risk management and security reasons, and archival and record-keeping purposes.
4.6. If you have previously applied for another Newcent Account with any of the same information, we reserve the right not to approve the registration of a new Newcent Account and you may be required to access and use your existing Newcent Account.
4.7. We may be prohibited from providing services or entering into relationships with certain individuals and entities. In the event that we are required to block assets associated with your Newcent Account in accordance with government sanctions programs or other legal requirements, which is why we may (i) deactivate or cancel your Newcent Account or block user activity, (ii) transfer funds from your Newcent Account to an originating source or to another account specified by governmental authorities, or (iii) require you to transfer your funds out of your Newcent Account within a certain period of time. Newcent is not responsible for any losses, whether direct or indirect, that you may incur as a result of our complying with requirements of our financial partners, applicable laws, the guidance or direction of any regulatory authority or governmental agency, or any writ of attachment, lien, levy, subpoena, warrant or other legal order. If you were previously denied the registration of a Newcent Account or had a Newcent Account closed by us, you may not be able to reapply for a Newcent Account.
4.8. Because of the numerous factors involved in our evaluation of an application for registration of a Newcent Account, we reserve the right to decline any application for a Newcent Account registration or any request for a proposed Transaction, for any reason, permitted by applicable regulations and our internal policies.
4.9. Upon successful completion of the registration process, we will establish your Newcent Account.
5. SECURITY AND UNAUTHORIZED USE
5.1. Only one login and password can be linked to your Newcent Account at any time for a unique user.
5.2. You are required not to re-use a combination of login and password for your Newcent Account for any other online service or website, to protect the security of your Newcent Account, not to share your Account credentials with any other third party.
5.3. You are responsible for all Transactions that take place on your Newcent Account using your login and password, as the case may be.
5.4. You are responsible for maintaining adequate security and control of any and all logins, passwords, hints, personal identification numbers or any other codes that you use to access the Services.
5.5. You are required to report any unauthorized access to your Newcent Account, any unauthorized activity on your Newcent account or any unauthorized use of Newcent services from your Account should you discover or suspect such activities, to Newcent at contact@newcent.ch.
5.6. You are responsible for keeping your email address and other contact information up to date and secure Account in order to receive any notices or alerts that we may send you. We assume no responsibility for any loss that you may sustain due to compromise of your email credentials, loss of a personal device or failure to follow or act on any notices or alerts that we may send to you.
5.7. Newcent representatives will never ask you for your password, so any email, phone call or other communication requesting your password should be treated as unauthorized and suspicious and forwarded to us for further investigation.
5.8. If you do share your Newcent login credentials with a third party for any reason, including because the third party has promised to provide you additional services such as account aggregation or information services, the third party will have access to your Account and your personal information, and you may be responsible for actions taken using your password and login credentials.
6. TRANSACTIONS EXECUTION
6.1. Newcent reserves the right to establish and change transaction limits, in our sole discretion.
6.2. All transactions from your Newcent Account will be effected by Transfer Instructions authorized with the login and password or another valid form of confirmation given by you, or by such other method as we may agree from time to time.
6.3. You may not effectuate any Transactions from your Newcent Account in the event that you do not have sufficient funds in your Newcent Account to meet the value of the Transaction and Charges applicable thereto.
6.4. We will verify and confirm all Transactions effected from your Newcent Account to you by email or other designated mode of communication. Our records will be taken as correct unless the contrary is proved.
6.5. For transaction denominated in euros is conducted between account established in SEPA area, we will ensure that the amount is executed by no later than the end of the following Business Day. This does not apply to transactions conducted at least partially outside of the EEA, where different execution times may apply.
6.6. For all other Transactions not covered in section 6.5, you acknowledge that the execution time for all transaction will be subject to the operating rules of international payment systems and that in this case, we will not be bound by the deadlines set out in section 6.5.
6.7. We may, at any time, refuse a Transaction or attempted Transaction submitted by you. The reasons for the refusal and any potential actions you can take to re-initiate the refused transaction will be communicated to you. We may refuse to execute a transaction, for example, in any of the following cases:
• The instructions contain factual errors or incomplete details; or you do not have the corresponding sufficient amounts in the specified balance type or in a virtual currency, available for you to transact with on your Newcent Account;
• You have breached any of your obligations towards us under these Terms or any other agreement entered into between you and Newcent;
• The risk limitations or spending limits established for your account may have been reached;
• We are legally or contractually obliged to freeze your Account or block transactions;
• We have security concerns with respect to your account or an attempted transaction or a counterparty involved, e.g. because of a suspected security breach, potential technical failure, suspected fraudulent or criminal behavior.
If your attempted transaction is inconsistent with your account previous behavior or stated purpose or above previously established limits, we may request additional information or clarifications from you and must receive such information before processing new transactions initiated by you,
6.8. In case of a blockchain events such as hard forks, splits, airdrops or any other blockchain changes or modifications outside of our control, Newcent will make reasonable efforts to keep you informed about such events, but does not assume any liability towards you in the event that you or a third party incur losses or damages as a result.
6.9. Our ability to manage online fraud, protect users from possible cases of unauthorized transactions, research and potentially rectify claims related to potentially unauthorized transactions, significantly depends on our ability to rely on technical and structural elements of the financial system we operate in and on strong authentication solutions available in various regions.
6.10. Any claim with respect to the unauthorized transaction must be communicated by you to us immediately, as soon as you notice any irregularity with your account history, and not later than 30 days from the transactional day. You will not be liable for any financial consequences resulting from fraudulent or unauthorized use of your Newcent account occurring after you have duly notified us about suspected fraud or misuse, except where you have acted fraudulently.
If your transaction falls within the scope of the EU 2nd Payments Services Directive, you are liable for any loss resulting from unauthorized transactions subject to the terms and conditions as defined by the Articles 73 and 74 of the Directive.
Please note that you will bear all losses arising from or related to any unauthorized transactions if you acted fraudulently, made false representations to us with respect to your identity or the nature of your activities or violated any other parts of these Terms.
6.11. As required by applicable regulations, Newcent will notify you in the event of suspected or actual fraud or security threats via your registered e-mail, phone number or other communication method, as applicable.
7. TAXES
7.1. Our transactional Charges and Fees normally exclude Swiss VAT but can be subject to other applicable levies and taxes at the then-prevailing rates.
7.2. It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions associated with the Transactions you conduct through the Services, and to withhold, collect, report, and remit the correct amounts of taxes to the appropriate tax authorities. Your transaction history will be made available through your Newcent Account upon request. We are not obliged to determine whether taxes or duties apply and are not responsible for calculating, collecting, reporting, or remitting any taxes or duties to any authority arising from any transaction.
8. PRIVACY
8.1. Protecting your privacy is very important to Newcent. Please review our Privacy Policy, which is incorporated by reference into this Agreement, in order to better understand our commitment to maintaining your privacy, as well as our use and disclosure of your information.
8.2. If you receive information about another user through the Services, you must keep the information confidential and only use it in connection with the Services. You may not disclose or distribute a user’s information to a third party or use the information except as reasonably necessary to effectuate a transaction and other functions reasonably incidental thereto such as support, reconciliation and Newcent accounting unless you receive the user’s express consent to do so. You may not send unsolicited email to a user through the Services.
8.3. By using the Services, you agree that Newcent may provide you with any notices or other communications about your Newcent Account and the Services electronically: (a) via email (in each case to the address that you provide), SMS message, or telephone call (in each case to the phone number that you provide), or (b) by posting to the Site. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. If you do not wish to receive notices or other communications electronically, we will be unable to support your Newcent Account and your Newcent Account will be cancelled.
9. USE OF THE SITE
9.1. We grant you a limited, nonexclusive, nontransferable license, subject to the terms of this Agreement, to access and use the Site, and the content, materials, information, and functionality available in connection therewith (collectively, the “Content”) solely for informational, transactional, or other approved purposes as permitted by Newcent from time to time. Any other use of the Site or Content is expressly prohibited. All other rights in the Site or Content are reserved by us and our licensors. We reserve all rights in the Site and Content and you agree that this Agreement does not grant you any rights in or licenses to the Site or the Content, except for this express, limited license.
9.2. In an effort to continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products, and services. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Site are your sole responsibility and we shall have no liability for such decisions.
9.3. From time to time, the Site may contain references or links to third-party materials, including, without limitation, websites not controlled by us. We provide such information and links as a convenience to you. Such links should not be considered endorsements of these sites or any content, products or information offered on such sites and such reference does not imply our recommendation, approval, affiliation, or sponsorship of that respective property, product, service, or process. You acknowledge and agree that we are not responsible for any aspect of the information or content contained in any third party materials or on any third party sites accessible or linked to the Site, including without limitation content, property, goods, or services available on the linked sites.
9.4. We shall not bear any liability, whatsoever, for any damage or interruptions caused by Malware. We advise the regular use of a reputable and readily available virus screening and prevention software. You should also be aware that SMS and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from Newcent. Always log into your Newcent Account through the Site to review any transactions or required actions if you have any uncertainty regarding the authenticity of any communication or notice.
10. SUSPENSION AND DISCONNECTION OF SERVICES/CLOSURE OF NEWCENT ACCOUNT
10.1. We may suspend, restrict, or terminate the provision of the Services (in whole or in part) and/or close your Newcent Account or block any Newcent Account or Transaction without informing you and without any liability whatsoever (although we will, where possible, try to inform you that such action is or may be taken), in addition to all remedies available by law, under the following circumstances:
• As required by a valid subpoena or court order;
• As required by a partner with whom we may provide join services to you;
• If we are aware or have reason to believe that your Newcent Account, the Services, or any Newcent Account is/are being used in an unauthorized, unlawful, improper, or fraudulent manner or for criminal activities (or has been so used previously);
• If you take any action that Newcent deems as circumventing Newcent’s policies or controls;
• If you fail to comply with any of the conditions relating to the Services, including this Agreement;
• If you do anything (or allow anything to be done) which we think may damage or affect the operation or security of the Services; or
• reasons outside of our control.
10.2. In the event that a technical problem causes system outage or Newcent Account errors, Newcent may temporarily suspend access to your Newcent Account until the problem is resolved.
10.3. We will also close your Newcent Account upon receipt of your request to close your Newcent Account. You can close your Account at any time by logging into your Account, clicking on the account settings, and then following the instructions or by contacting our support team or your account representative.
10.4. Upon closure of your Newcent Account, we will use reasonable efforts to transfer any remaining funds or balances to you at your designated wallet or account.
10.5. You may not use the Newcent Services to conduct, pay for or facilitate activities that:
• Violate any law, statute, rule, regulation or a decision of an applicable authority.
• Relate to transactions involving illegal trade or business or trade or business that require a special permission or a license without having such permission or license.
10.6. If we determine that you are incurring an excessive amount of chargebacks, disputes, complaints or other irregularities, we may establish controls or conditions governing your Account, including without limitation, by:
◦ establishing new transactional or processing fees;
◦ creating a risk reserve in an amount reasonably determined by us to cover anticipated reversals, losses and related fees;
◦ limiting sending or receiving privileges; or
◦ terminating or suspending the Service.
10.7. Without limiting the foregoing, we may suspend the Service and block access to your Account (including without limitation the funds in your Account) if:
• you have violated the terms of this Agreement,
• we determine that you pose an unacceptable credit or fraud risk or other liability risk to us,
• you provide or have provided false, incomplete, inaccurate, or misleading information (including without limitation any registration information) or otherwise engage in fraudulent or illegal conduct,
• we have security concerns regarding your Account, including your credentials, or
• we suspect unauthorized or fraudulent use of your Account or any payment information in your Account.
In such cases we will inform you of the suspension of your Account and the reasons for it, where possible, before the suspension and at the latest immediately thereafter, unless we determine giving such information would compromise security concerns or is prohibited by applicable law. We will reactivate your Account or credentials, or replace it or them, as applicable, once we have resolved the reasons for suspension. You must notify us through Contact page if you wish to request us to reactivate your Account.
10.8. We may close your Account at our convenience by providing you with two months’ prior notice.
10.9. When your Account is closed:
• We may cancel any pending Transactions;
• We may suspend, limit or terminate your access to or use of our Services, websites, software, systems (including any networks and servers used to provide any of the Services) operated by us or on our behalf or some or all of the Services;
• You will remain liable for all outstanding obligations under this Agreement related to your Account prior to closure;
• We may keep your Account information in our database for the purpose of fulfilling our legal obligations and other permitted reasons; and
• We may retain your balance of Funds after closure to the extent and for the time we reasonably require to protect Newcent and/or any third party against the risk of Reversals, Chargebacks, Claims, fees, fines, penalties and other liabilities of whatever nature. After this time, you will be able to withdraw any undisputed Funds that we are holding. Please contact Newcent Customer Service if you have any questions about Funds held in your Account on closure.
11. YOUR RESPONSIBILITIES
11.1. You agree to comply with and not use the Services in violation of any applicable laws or regulations.
11.2. You agree not to:
• Copy, transmit, distribute, sell, resell, license, de-compile, reverse engineer, disassemble, modify, publish, participate in the transfer or sale of, create derivative works from, perform, display, incorporate into another website, or in any other way exploit any of the Content or any other part of the Site or any derivative works thereof, in whole or in part for commercial or non-commercial purposes, except as expressly set forth herein
• Frame, link, or display the Site or Content (or any portion thereof) to or as part of any other web site or any other work of authorship without our prior written permission.
• Use the Services or any device, software or routine in any manner that could disable, overburden, damage, or impair or interfere with the Services or any other party’s use of the Services, including their ability to engage in real-time activities through the Services;
• Use any robot, spider, or other automatic device, process or means to access the Services for any purpose, including monitoring or copying any of the material on the Site;
• Introduce any Malware into the Site or Newcent System;
• Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Site, the server on which the Site is stored, or any server, computer, or database connected to the Newcent System;
• Violate or assist any party in violating any law, statute, ordinance, regulation, or rule of any self-regulatory or similar organization of which you are or are required to be a member (for example, those laws, rules, or regulations governing financial services, controlled substances, unlawful gambling, or consumer protections);
• Infringe upon Newcent’s or any third party’s copyright, patent, trademark, or intellectual property rights;
• Act as a payment intermediary or aggregator or otherwise resell any of the Services.
11.3. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process, or governmental request.
12. LIABILITY AND EXCLUSIONS
12.1. YOUR USE OF THE SITE AND SERVICES, THEIR CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SERVICES IS AT YOUR OWN RISK. THE SITE AND SERVICES, THEIR CONTENT, AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER NEWCENT NOR ANY PERSON ASSOCIATED WITH NEWCENT MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE SITE OR SERVICES. WITHOUT LIMITING THE FOREGOING, NEITHER NEWCENT NOR ANYONE ASSOCIATED WITH NEWCENT REPRESENTS OR WARRANTS THAT THE SITE OR SERVICES, THEIR CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SERVICES WILL BE ACCURATE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT THE SITE OR SERVICES OR THE SERVER THAT MAKES THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS OR THAT THE SITE OR SERVICES OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SERVICES WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS.
12.2. THE COMPANY HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
12.3. WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE SITE OR SERVICES OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SERVICES OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON THEM, OR ON ANY WEBSITE LINKED TO THEM.
12.4. IN NO EVENT WILL NEWCENT, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE SITE, ANY WEBSITES LINKED TO IT, SERVICES, ANY CONTENT ON THE SITE, OR OTHER WEBSITES OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE, SERVICES, OR OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. THE FOREGOING DOES NOT AFFECT ANY LIABILITY WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
12.5. You agree to defend, indemnify, and hold harmless Newcent, its affiliates, licensors and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or relating to any Transaction, your violation of this Agreement, or your use of the Site, Content, or Services.
13. MISCELLANEOUS
13.1. This Agreement (as from time to time may be amended) forms a legally binding agreement which is binding on you and your personal successors and assigns.
13.2. You may not assign or transfer this Agreement to any other person by merger, operation of law, or otherwise. We may assign this Agreement and our obligations hereunder. Subject to the foregoing, this Agreement will bind and inure to the benefit of you and us and our respective agents, heirs, representatives, successors, and assigns.
13.3. No failure or delay by either you or us in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.
13.4. The rights and remedies herein provided are cumulative and not exclusive of any rights or remedies provided by law.
13.5. If any provision of this Agreement shall be found by any duly appointed arbitrator, court, or administrative body of competent jurisdiction to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect the other provisions herein and all provisions not so affected by such invalidity or unenforceability shall remain in full force and effect.
13.6. You must pay all our expenses in recovering any amounts you owe us, including legal fees, collection fees, and other applicable fees.
13.7. The Site, Services, and their entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), and all copyright, trademarks and other intellectual property rights therein thereto, are owned by Newcent, its licensors, or other providers of such material. You agree that you acquire no rights therein or thereto. Although certain contents of the Site are freely downloadable for personal, non-commercial transitory viewing, they may not be reproduced in whole or in part or otherwise made available without the prior written consent of Newcent.
13.8. Newcent, the Newcent logo, and all related names, logos, product and service names, designs, and slogans are trademarks of Newcent or its affiliates or licensors. You must not use such marks without the prior written permission of Newcent. All other names, logos, product and service names, designs, and slogans on the Site are the trademarks of their respective owners.
13.9. This Agreement and the Privacy Policy constitute the sole and entire agreement between you and Newcent with respect to the Site and Services and supersede all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the Site and Services.
13.10. This Agreement is governed by the laws of Switzerland.
13.10. ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING TO THE PRESENT AGREEMENT MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED.
13.11. Nothing herein contained shall preclude any of the parties to this Agreement from approaching any court of competent jurisdiction for an interdict or for relief on an urgent basis.
Last update: 29.09.2020
