Description of the Services. The Services provide you with an Account that allows you to transact in Digital Currency. Subject to availability, you may (i) purchase and hold Digital Currency in your Account; (ii) conduct person-to-person transfers of Digital Currency; (iii) set up recurring Digital Currency transactions; (iv) convert your Digital Currency to local currency and pick up cash; (v) convert your Digital Currency to local currency and transfer to your linked bank account via an automated clearing house (“ACH”) transaction; and (vi) use any additional features we may provide through your use of the Services. If you access the Services through another mobile application, some of the Services may not be available to you, in whole or in part, within that third party application. Please note that Novi does not currently support merchant services, and any transfers conducted to buy or sell goods or services with third parties are at your own risk. Novi is not liable for any unauthorized transactions related to such transfers.
Transaction and Account Balance Limits. From time to time, we may impose limits on the size of transactions you conduct and Account balances you maintain. During the initial launch, the limits set forth in the Pilot Program Transaction and Account Balance Limits Addendum will apply. Although a Digital Currency may support up to six decimal places, your transactions and Account balances will be rounded to the nearest two decimal places.
Purchasing Digital Currency Transactions. You may purchase Digital Currency using a payment card or bank account linked to your Account that is in your exclusive ownership and control (each, a “Payment Method”). We reserve the right, in our sole discretion, to change the type or limit the number of Payment Methods you may use to purchase Digital Currency for your Account without notice to you. Additionally, we cannot guarantee that any particular Payment Method will be available to you at any time. In the event you attempt to purchase Digital Currency for your Account using a Payment Method that is not permitted, or in a manner that is otherwise not in compliance with this Agreement, we reserve the right in our sole discretion to limit, reject, or place a hold on certain Payment Methods, transactions or transfers and/or close your Account. You may link or unlink any Payment Method to or from your Account. We are not responsible for the amounts transferred in the event a transaction associated with a Payment Method is reversed for any reason.
Default Payment Method. Within your Wallet, we may provide you with the option, as available and within our discretion, to select a linked Payment Method as your desired form of payment to purchase Digital Currency (“Default Payment Method”). If you initiate a transaction to purchase Digital Currency, and your Account balance is insufficient to complete the transaction, your Default Payment Method will be automatically selected to perform the transaction without you having to re-enter the applicable debit card or bank account details. The Payment Method used for the specific transaction will be displayed to you prior to completing the transaction. You can review, remove or change your Default Payment Method at any time in the Application settings. Not all linked Payment Methods may be eligible to be selected as your Default Payment Method, and we reserve the right to determine which Payment Methods will be available for selection.
Third-Party Providers. To provide you with certain features as part of the Services, Novi may integrate third-party applications into the Services. Accordingly, your use of certain features may be subject to your acceptance of separate terms with such third parties. We are not a party to those agreements, but to use the Services, you must agree to comply with those third-party terms. You acknowledge that we have no responsibility for the products or services provided by third parties.
Links to Other Sites. This Agreement, the Application, or third-party integrations that provide you access to the Application may reference other websites which are not under Novi’s control, such as a third-party block explorer. Novi is not responsible for the contents or terms of any website to which a link is provided. Links do not imply that Novi endorses any such websites, and Novi does not make any warranty or representation as to the accuracy, security, or operability of those websites. Usage of such services and/or websites will be governed by the terms applicable to your use of the third-party services. The disclaimer of warranties in this Agreement also applies to any linked website.
License Grant. Novi or our licensors own all right, title, and interest in and to the Services and all related technology and intellectual property rights. Subject to the terms of this Agreement, we grant you a limited, revocable, non-exclusive, non-sublicensable, non-transferable, license or right to access and use the Services (including all updates, upgrades, and new versions of the same), and related content, materials, and information for your personal use only in accordance with this Agreement. Except as expressly set forth in this provision, you obtain no rights under this Agreement from us, our affiliates, or our licensors to the Services, including any related intellectual property rights.
License Restrictions. You are not authorized to use the Services in any manner or for any purpose other than expressly permitted by this Agreement. You agree you will not attempt to: (a) modify, distribute, alter, tamper with, repair, or otherwise create any derivative works of any Services, software, any related content, materials, and information, and any other technology made available to you by Novi or its affiliates and licensors; (b) reverse engineer, disassemble, or decompile the Services, software, or any other technology or apply any other process or procedure to derive the source code of any software included in the Services (except to the extent Applicable Law does not allow this restriction); and (c) resell, rent, lease, use for commercial purposes of any kind, sublicense, or otherwise transfer your rights in the Services and related content, materials, and information to a third party. You must comply with the implementation and use requirements contained in all Novi documentation accompanying the Services. If you do not comply with Novi’s implementation and use requirements, you will be liable for all resulting damages suffered by you, Novi, and third parties. You will not misrepresent or embellish the relationship between us and you (including by expressing or implying that we support, sponsor, endorse, or contribute to you or your endeavors). You will not imply any relationship or affiliation between us and you except as expressly permitted by this Agreement.
Use of Other Intellectual Property Rights. Novi and the Novi logo are service marks/trademarks of Novi and/or Facebook. All other featured logos are service marks/trademarks of their respective owners. You acknowledge and agree that the Services’ contents, including its text, graphics, images, logos and button icons, photographs, editorial content, notices, software, look and feel (including HTML-based computer programs), and other material used by us for the Services are proprietary to us and our licensors and protected under both U.S. and other applicable copyright, trademark and other laws. As such, you will not gain any ownership or other right, title, or interest in or to them by reason of this Agreement or otherwise unless expressly granted to you herein. Except as otherwise expressly stated herein, the Services and its contents may not be copied, reproduced, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without our prior written consent.
Feedback. You may be asked to provide feedback in different forms including, but not limited to surveys, research program participation requests, and other such requests for feedback regarding your use of the Services. You acknowledge that Novi owns any feedback you give to us about the Services, and you hereby grant to Novi a perpetual, non-revocable, royalty-free worldwide license to use, fully exploit, incorporate, or otherwise use without restriction such feedback into any Novi product or service (including the Services) at any time.