Terms of Use

1. Agreement Parties:

This agreement is between the USER and NO FEAR TRIO LIMITED, a company registered in the United Kingdom.

      

2. Definitions:

  • “PLATFORM”: The website, application or any other interface where NFTs are sold; and their connected services

  • “USER”: Any individual or entity using the PLATFORM to purchase or view the NFTs; or has purchased the NFTs.

  • “NFTs”: Non-Fungible Tokens, unique digital assets on the blockchain.

  • “SMART CONTRACT”: A self-executing contract with the terms of the agreement directly written into code, stored and replicated on the blockchain.

  • “FIAT CURRENCY”: Government-issued currency that is not backed by a physical commodity like gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government.

  • “CRYPTOCURRENCY”: A type of digital or virtual currency that uses cryptography for security. Cryptocurrencies operate on technology called blockchain, which is a decentralised system.

  • “UTILITIES”: Benefits or functionalities associated with the NFT that may include, but are not limited to, access to certain experiences, events, services, or physical items.

  • “PHYSICAL ARTWORKS”: Tangible works of art which may be in the form of paintings, sculptures, drawings, prints, or any other medium that can be physically possessed and displayed.

      

3. Agreement to Terms:

By accessing or using the PLATFORM, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. The PLATFORM is provided “as is” and “as available” without warranty of any kind. By using the PLATFORM you are accepting sole responsibility for any and all transactions involving all NFTs

      

4. PLATFORM Access:

Access to the PLATFORM is restricted to individuals who can form legally binding contracts under applicable law. Individuals under the age of 18 are not permitted to use the PLATFORM

      

5. Ownership & License:

Upon purchasing an NFT and redeeming associated PHYSICAL ARTWORKS in accordance with Clause 17 of this Agreement, you receive 1 non-exclusive, non-transferable, and royalty-free licenses for personal, non-commercial use each for the NFT and PHYSICAL ARTWORKS.

      

6. Intellectual Property & Creative Content Rights:

The purchase of an NFT does not grant USER the copyright of the digital art of the NFT, which remains with NO FEAR TRIO LIMITED, unless explicitly stated otherwise. The NFT grants the USER ‘Creative Content Rights’ to contribute to the development of projects associated with the NFT.

      

7. Payment & Royalties:

The price for NFTs is determined by the seller and must be paid in the specified CRYPTOCURRENCY or FIAT CURRENCY as required. Any Utility referring to a percentage of sales as stated in the SMART CONTRACT are paid biannually on 1st January and 1st July, calculated pre-VAT.

      

8. No Refunds:

All sales of NFTs on the PLATFORM are final. Refunds will not be provided.

9. Limitations & Disclaimers:

The PLATFORM is provided on an “as is” and “as available” basis, without any guarantees of uninterrupted or error-free service.

10. Indemnity:

You agree to indemnify and hold harmless NO FEAR TRIO LIMITED and the PLATFORM from any claims, damages, or losses resulting from your use of the PLATFORM.

11. Dispute Resolution:

Any disputes arising from these Terms and Conditions will be resolved through arbitration in the jurisdiction of NO FEAR TRIO LIMITED, governed by the laws of the United Kingdom.

12. Changes to Terms:

NO FEAR TRIO LIMITED reserves the right to change these Terms and Conditions at any time, without prior notice.

13. Spin-offs:

‘Spin-offs’ refer to all editioned NFTs created under the same SMART CONTRACT as the purchased token. On occasion, NO FEAR TRIO LIMITED may include artworks from different SMART CONTRACTs and will explicitly state when this happens. For the avoidance of doubt, Spin-offs do not relate to 1 of 1 original NFTs.

14. Utility Benefits:

The utility benefits associated with NFT ownership are only available to the holder of the NFT. Solely owning the PHYSICAL ARTWORK does not entitle the holder of the physical piece to Utility.

15. Acquisition of Physical Artwork and Associated NFTs:

In the event that a USER purchases a physical artwork from the NO FEAR TRIO LIMITED using FIAT CURRENCY and elects to have the NO FEAR TRIO LIMITED transfer the associated NFT, the transaction process will be treated the same as if the USER has purchased the physical artwork and received the NFT free of charge. Upon this transaction, all other terms and conditions specified above come into effect, granting the USER the same rights and responsibilities as if they had purchased the NFT directly from the PLATFORM.

16. Brokered Sale of NFTs:

If a USER purchases a PHYSICAL ARTWORKS from NO FEAR TRIO LIMITED and chooses to have NO FEAR TRIO LIMITED broker the associated NFT on their behalf, NO FEAR TRIO LIMITED retains the discretion to determine the selling price of the NFT. In this case, the NO FEAR TRIO LIMITED will take a commission of 20% of the sale price. The remaining amount, after all royalties and fees have been deducted, will be disbursed to the USER.

17. Redemption of Physical Artwork and Associated UTILITIES:

Upon purchasing an NFT, the USER has the option to redeem the associated physical artwork and any other redeemable UTILITIES linked to the NFT within one calendar year of the first purchase of that specific NFT. If the USER chooses not to redeem these within this time frame, they become decoupled from the NFT and revert to the ownership of NO FEAR TRIO LIMITED.

18. Shipping of Physical Artwork:

The cost of shipping the physical artwork is not included in the purchase price of the NFT. Shipping charges will be calculated separately based on the USER’s location and preferred shipping method. The USER will be informed of the exact shipping charges before the artwork is dispatched; and agrees to pay NO FEAR TRIO LIMITED for all shipping charges prior to the PHYSICAL ARTWORKS being dispatched.

 

19. TERMINATION OF ACCESS:

NO FEAR TRIO LIMITED reserves the right to terminate or suspend a USER’s access to the PLATFORM if they violate any terms of this agreement or pose any risk of harm to NO FEAR TRIO LIMITED or other USERs.

20. PRIVACY:

By using the PLATFORM, you consent to the collection and use of your personal data as outlined in the Privacy Policy available on our website.

21. CUSTOMS, TAXES, AND SHIPPING CHARGES:

When redeeming PHYSICAL ARTWORKS that require shipping, the USER is solely responsible for any and all customs duties, taxes, and additional shipping charges. NO FEAR TRIO LIMITED is not responsible for any fees or penalties imposed by customs, nor can we predict or control these charges. All such fees, duties, taxes, and charges are borne by the USER, and NO FEAR TRIO LIMITED will not offer compensation or refunds for unexpected costs or delays caused by customs procedures.