This
End User License Agreement (�EULA�) is an agreement between you the end user
(�You� or �User� interchangeably), an FZ-LLC corporation its
subsidiaries and affiliates (�Licensor�). This EULA governs your use of Trading
Platform and all related software, Application Programming Interfaces (�API�),
programs, documentation, and updates and upgrades that replace or supplement
the Software and are not distributed with a separate license (together the
�Software�). This Software is licensed to you free of charge. You do not own
this Software. By installing or using the Software, you consent to be bound by
this EULA. IF YOU DO NOT AGREE TO EACH AND EVERY TERM OF THIS EULA, THEN YOU
MAY NOT INSTALL OR USE THE SOFTWARE OR IF IT HAS ALREADY BEEN INSTALLED THEN
YOU MUST DELETE THE SOFTWARE FROM YOUR COMPUTER AND/OR OTHER DEVICE(S).
The
following terms and conditions govern all access to and use of the Software. By
installing and/or using the Software you accept without limitations or
alterations, each and every term and condition contained herein. THIS AGREEMENT
IS A BINDING CONTRACT AND INCLUDES TERMS THAT MIGHT LIMIT YOUR LEGAL RIGHTS AND
LICENSOR�S LIABILITY TO YOU. CONSULT YOUR ATTORNEY BEFORE AGREEING IF YOU DO
NOT UNDERSTAND ANY OF THE TERMS HERE.
1.
GRANT OF LICENSE
1.1 Subject to Your acceptance and ongoing compliance with the terms of this
EULA, Licensor grants you a limited non-exclusive, non-transferable and
revocable right and license to install and use a copy of the Trading Platform
in multiple computers and/or supported devices. This license is restricted to
your personal non-commercial use or if User is a corporate entity for the use
of its employees in the course of each individual�s employment. This license
permits you to make one copy of Software for backup or archival purposes only.
Any copying and/or redistribution or alternatively facilitating in
redistribution of the Software is strictly prohibited without the prior express
written consent by Licensor. You are acquiring no right to use, and shall not
use, without Licensor�s prior written consent, the terms or existence of this
EULA, the names, characters, artwork, designs, trade names, copyrighted
materials, trademarks or service marks, its affiliates, agents, vendors and
licensors. Software is provided in object code form only.
2. SCOPE OF LICENSE & LIMITATIONS
2.1 You shall not (a) use, copy, merge, make derivative works of or transfer
copies of the Software, except as specifically authorized in this EULA; (b) use
the backup or archival copy of the Software (or permit any third party to use
such copy) for any purpose other than to replace the original copy in the event
that it is destroyed or becomes defective; (c) rent, lease, sublicense,
distribute, transfer, copy, modify or timeshare the Software or any of your
rights under this EULA, except as expressly authorized in this EULA; (d)
provide unauthorized third parties with access to or use of the Software; (e)
reverse engineer, disassemble, decompile or otherwise attempt to access the
source code of the Software, except and only to the extent that such activity
is expressly permitted by applicable law; or (f) use the Software after any termination
or cancellation of this license granted in Grant of License Section set herein.
2.2 The Software is not intended for distribution to, or use by, any person in
any country or jurisdiction where such distribution or use would be contrary to
local law or regulation. It is your responsibility to ascertain the terms of
the EULA and comply with any local law or regulation to which you are subject.
You shall not use or permit anyone to use the Software for any unlawful or
unauthorized purpose.
2.3 Nothing in this EULA shall provide You with any
proprietary rights in the Software or any information provided in the Software
including but not limited to any promotional material.
3. THIRD PARTIES
3.1 The Software may provide you with the ability to access a variety of
information, market data feeds, DDE supporting data feeds, materials, trading
strategies, trading recommendations or any other content or offer for any type
of services from third parties (�Third-Party Content�), including plugins
within the Software created by independent third parties (�Software Plug-Ins�)
and various sets of programming instructions and standards that allow access to
a web-based software application or Application Programming Interface (�API�)
tailored to the customized trading needs of Brokers and/or Users and are
designed specifically for the Software by licensed Vendors in Licensor�s ISV
network (�Software Compatible API�) and through links to other websites and
forums on which users or other third parties, themselves, may post Third-Party
Content. Whenever you access Third Party Content and/or Software Plug-Ins
and/or Software Compatible API, YOU PROCEED AT YOUR OWN RISK. You understand
and agree that such third parties are solely responsible for any such Third
Party Content and/or Software Plug-Ins and/or Software Compatible API and you
further agree that Licensor is not, and will not be, liable for any such Third
Party Content and/or Software Plug-Ins and/or Software Compatible API and/or
other material posted and/or otherwise provided by third parties. You further
acknowledge that Licensor does not control the third parties who provide
Third-Party Content, Software Plug-Ins, and Software Compatible API and
Licensor does not necessarily (and is not obligated to) review or screen any
Third-Party Content, Software Plug-Ins, and Software Compatible API either
before or after it becomes available through the Software, and cannot and does
not guarantee, attest to, verify, or otherwise warrant that any Third-Party
Content Software Plug-Ins, and Software Compatible API is or will be accurate;
free from errors, defects or harmful elements; consistent with what it purports
to be; appropriate to fit your needs; or otherwise safe or non-objectionable.
You agree that Licensor shall not be held liable for any trading activities or
other activities that occur on any website you access through Third Party
Content, Software Plug-Ins or Software Compatible API. Licensor allows these
Third Party Content, Software Plug-Ins or Software Compatible API as a
convenience, and does not endorse and hereby disclaim liability from any and
all content or services offered by these Third Party Content, Software Plug-Ins
or Software Compatible API.
3.2 User hereby acknowledges and agrees that the Software may incorporate into,
and may incorporate itself, software and other technology owned and controlled
by third parties. The Software will only incorporate such third party software
or technology for the purpose of (a) adding new or additional functionality or
(b) improving the technical performance of the Software. Any such third party
software or technology that is incorporated in the Software falls under the
scope of this EULA. Any and all other third party software or technology that
may be distributed together with Software will be subject to you explicitly
accepting a license agreement with that third party. User acknowledges and
agrees that he/she will not enter into a contractual relationship with Licensor
regarding such third party software or technology and User will look solely to
the applicable third party and not to Licensor to enforce any rights.
3.3 Licensor shall not be responsible to provide any support to any Software
Plug-Ins or Software Compatible API.
4. ACKNOWLEDGEMENT OF RISK BY USER
4.1 Risk Warning! User hereby affirms that he/she understands that trading in
financial instruments carries a substantial level of risk and may result in a
loss of all invested capital. It may be not suitable for all investors; please
ensure that you understand your investment objectives, level of experience,
risk appetite and, IF NECESSARY, SEEK ADVICE FROM AN INDEPENDENT AND
PROFESSIONAL FINANCIAL ADVISOR.
4.2 User hereby affirms that he/she has investigated and understands the risk
of loss associated with online trading in financial instruments. Risk of loss
includes but is not limited to: (a) loss of computer connection to the
internet, (b) computer hardware or software failure of any kind, (c) poor
performance of any trading strategies, systems, trade plans, Software Plug-Ins,
Software Compatible API or other components, (d) trade execution failures, (e)
the Software�s inability or failure to place protective broker stops on any
position, (f) Broker disconnections, (g) failure of the Software or system to
reconnect to a broker (g) errors or omissions in the Software, (h) inability of
User to properly configure and use the Software for any purpose, (i) Acts of God, and (j) any other circumstance or failures
not listed above that result in one or more losses. User hereby affirms that
nothing in the Software or Software Plugins or Software Compatible API can
reduce or remove any risk of loss mentioned herein.
4.3 In certain cases, the protections of your money transferred for purposes of
trading in financial instruments, may have impact in the event of the specific
firm/company going insolvent or bankrupt. The extent to which you may recover
money may be governed by specific legislation or local rules. In some
jurisdictions, property/money which has been specifically identifiable as your
own property/money, will be appropriated in the same manner as cash for
purposes of distribution in the event of a shortfall.
4.4 You understand that commissions, fees and other charges may be applicable
by your Broker; as defined in Section 7.1 herein, and as such these charges
will affect/reduce the profit (if any), or increase the loss. Before trading in
financial instruments, you should make yourself aware of all charges for which
you will be liable, whether such charges are at predetermined amount or
variable.
4.5 You understand that the profit or loss for transactions in foreign
currency-denominated contracts will be affected by the fluctuations in currency
rates when there is a need to convert from the currency denomination of the contract
into another currency.
4.6 You understand that Licensor does not guarantee access to the Software to
be available at all times, or in any given location at any specific time.
4.7 All transactions effected for your account(s) are at your sole risk and you
shall be solely liable under all circumstances. Licensor will not be held
responsible for any delays in transmission, delivery or execution of your
request(s) due to malfunctions of communications facilities or any other causes.
4.8 You understand that there is the risk that the financial instruments may be
or become the subject to tax and/or any other applicable due amount(s) as per
legislation, which will become your responsibility to carry out.
4.9 YOU SPECIFICALLY ACKNOWLEDGE THAT THE LICENSOR SHALL NOT BE LIABLE FOR ANY
TRADING LOSSES ARISING OUT OR RELATED TO YOU USING OR NOT USING OF THE
SOFTWARE, AND THAT THE RISK OF HARM OR DAMAGE FROM THE FOREGOING RESTS ENTIRELY
WITH YOU.
5. GENERAL DISCLAIMERS
5.1 Licensor does not guarantee the accuracy, timeliness, completeness or
correct sequencing of the Software or any information or content included in
them or provided through them, or warrant any results from your use or reliance
on the Software. The Software, Software Plug-Ins, and Software Compatible API
may quickly become unreliable for various reasons including, for example only,
changes in market conditions or economic circumstances. Licensor is not
obligated to update any information or opinions contained in any materials of a
third party or any Third Party Content, Software Plug-Ins, and Software
Compatible API in the Software, and Licensor may discontinue or change any
offering of Licensor at any time without notice. Without derogating from the
generality of the above, Licensor is not liable to any discrepancies between
information posted on any website or platform (whether or not owned by
Licensor) and any information extracted from your account.
5.2 You
agree that Licensor will not be liable in any way for the termination,
interruption, delay or inaccuracy of the Software, Software Plug-Ins and
Software Compatible API regardless of the reason for the same and you will not
have any claims against Licensor in this respect.
5.3 Licensor will not be liable in any way to you in the event of failure of or
damage or destruction to your computer, data or records or any part thereof, or
for delays, losses, errors or omissions resulting from the failure or
mismanagement of any communications or computer equipment or software.
5.4 You
understand that while the Internet and the World Wide Web are generally
reliable, technical problems or other conditions may delay or prevent you from
accessing or using the Software. Licensor shall not be liable, and you agree
not to hold or seek to hold Licensor or any of its agents liable, for any
technical problems, Software failures and malfunctions, communication line
failures, equipment or software failures or malfunctions, Software access
issues, Software capacity issues, high Internet traffic demand, security
breaches and unauthorized access, any technical problems related to services or
products you receive from the broker or from other third parties, any issues
with trading platforms and terminals, internet service providers, other
computer, software or network related problems and defects and/or any other
factors outside of Licensor�s exclusive control.
5.5
Licensor does not represent, warrant or guarantee that you will be able to
access or use the Software, Software Plug-Ins or the Software Compatible API at
times or locations of your choosing, or that Licensor
will have adequate capacity for the Software as a whole or in any geographic
location. Licensor does not represent, warrant or guarantee that the Software
will provide uninterrupted and error-free service and will not be liable to any
down-time (whether scheduled or not).
5.6 The
risk of loss in trading in all financial instruments, including but not limited
to, Forex, Binary Options, CFDs, and/or metals can be substantial. You should
therefore carefully consider whether such trading is suitable for you in light
of your financial condition. When trading on margin, you may sustain a total
loss of the initial margin funds and any additional funds that you may deposit
with your broker to establish or maintain a position in the market. Before
deciding to trade and/or invest, you should carefully consider your objectives,
level of experience, and risk appetite. The possibility exists that you could
sustain a loss of some or all of your initial investment and therefore you
should not trade or invest money that you cannot afford to lose.
5.7 User
acknowledge that certain features of the Software such as, but limited to, Risk
Management Bridge can still carry an exposure to risk despite the fact that
they were designed to reduce risk of trading and is provided to you �AS IS�,
with all faults, without warranty of any kind, without performance assurances
or guarantees of any kind, and YOUR USE IS AT YOUR SOLE RISK.
5.8 You
fully understand and agree that the financial markets are subject to numerous
implicit and explicit risks, none of which Licensor can control or influence.
You therefore acknowledge and agree that all trading is solely at your own
risk. You should be aware of all the risks associated with trading and you
should seek advice from an independent and professional financial advisor
before trading. You understand that there can be no guarantee that your use of
the Software or the information, strategies or recommendations as displayed on
plug-ins or any other Third Party Content, Software Plug-Ins, or Software
Compatible API disseminated by or on the Software will result in profits.
Further, you understand that your use of the Software or the information,
strategies or recommendations as displayed on any Third Party Content, Software
Plug-Ins, or Software Compatible API disseminated by or on the Software may
result in substantial losses.
5.9
Licensor is not a registered broker-dealer or an investment advisor. The
Software do not constitute and do not include any personal investment advice,
which of necessity must be tailored to your particular means and needs. All
recommendations and/or strategies provided on Third Party Content, Software
Plug-Ins and Software Compatible API are publicly available and provide specific
predictions based on proprietary software. The Software and any strategies
and/or recommendations posted on it as Third Party Content, Software Plug-Ins
and Software Compatible API are for informational purposes only and are
provided without warranty of any kind, on a strictly �as is� and �as available�
basis.
5.10
Licensor does not guarantee to provide any support or maintenance services of
any kind. You acknowledge that you are solely responsible for your own
investment, purchase or trading decisions, that the Software are only one tool
amongst many that you should use in making your investment, purchase or trading
decisions and that Licensor will not be responsible for any decision made or
action taken based on information strategies or recommendations as displayed on
Third Party Content, Software Plug-Ins or Software Compatible API provided by
or disseminated through the Software. Licensor do not and cannot guarantee that
adherence to using the Software will generate you profits. Licensor do not and
cannot take responsibility for any losses to your accounts. You must trade and
take sole responsibility to evaluate all information, strategies or
recommendations as displayed Third Party Content, Software Plug-Ins and
Software Compatible API provided by the Software and use them at your own risk.
5.11 From
time to time, acting reasonably, Licensor shall have the right to add to,
modify, or remove any component or feature of the Software without liability
under this EULA. Licensor, in its sole discretion, shall use reasonable
endeavors to replace any component of the Software with an equivalent where it
deems practicable. User shall accept such modifications as part of this EULA.
6. DISCLAIMER OF WARRANTIES
6.1 TO THE
FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, THE SOFTWARE IS PROVIDED TO
YOU �AS IS,� WITH ALL FAULTS, WITHOUT WARRANTY OF ANY KIND, WITHOUT PERFORMANCE
ASSURANCES OR GUARANTEES OF ANY KIND, AND YOUR USE IS AT YOUR SOLE RISK. THE
ENTIRE RISK OF SATISFACTORY QUALITY AND PERFORMANCE RESIDES WITH YOU. LICENSOR
DOES NOT MAKE, AND HEREBY DISCLAIM, ANY AND ALL EXPRESS, IMPLIED OR STATUTORY
WARRANTIES, INCLUDING IMPLIED WARRANTIES OF CONDITION, UNINTERRUPTED USE,
MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE,
NONINFRINGEMENT OF THIRD PARTY RIGHTS, AND WARRANTIES (IF ANY) ARISING FROM A
COURSE OF DEALING, USAGE, OR TRADE PRACTICE. LICENSOR DOES NOT WARRANT AGAINST
INTERFERENCE WITH YOUR ENJOYMENT OF THE SOFTWARE; THAT THE SOFTWARE WILL MEET
YOUR REQUIREMENTS; THAT OPERATION OF THE SOFTWARE WILL BE UNINTERRUPTED OR
ERROR-FREE, OR THAT THE SOFTWARE WILL BE INTEROPERATE OR THAT THE SOFTWARE WILL
BE COMPATIBLE WITH THIRD PARTY SOFTWARE OR THAT ANY ERRORS IN THE SOFTWARE WILL
BE CORRECTED. NO ORAL OR WRITTEN ADVICE PROVIDED BY LICENSOR OR ANY AUTHORIZED
REPRESENTATIVE SHALL CREATE A WARRANTY.
7.
RELATION TO BROKERS
7.1 A
Broker is an individual or entity that User may have a contractual relationship
with to trade in the products and financial instruments the Broker offers at
his/her system, with either OTC or STP model, and that the Broker decides. The
Software provided by Licensor without any Feed or Liquidity Providers. Both the
Feed and Liquidity Providers are defined and configured based on the Broker�s
specific setup at his/her sole responsibility. The entire agreement that
governs the relationship between us and any Broker licensed by Licensor to
sublicense the Software is available. User hereby acknowledges that he/she
understands that the relationship between the Broker and Licensor is that of a
Software Licensor/Software Licensee relationship only.
7.2 User
hereby acknowledges that the Licensor and your Broker are separate legal
entities. There is no partnership or agency relationship between the Licensor
and your Broker. User hereby acknowledges and understands that Broker shall not
represent that he/she has any authority to assume or create any obligation,
express or implied, on behalf of the Licensor, nor to represent the Licensor as
agent, employee, franchisee, or in any other capacity. Both Broker and User
hereby acknowledge and agree that the Licensor is allowed to answer
transparently any inquiry about Broker and/or User made by any governmental or
regulatory authority within the circumstances of this EULA.
7.3
Licensor shall not be liable for any actions or statements made by the Broker
to the User.
7.4 You
are solely responsible for being in full compliance with any terms and
conditions, agreements, policies and guidelines imposed on you and your account
by the broker providing you a trading account and any trading services. You are
solely responsible for ensuring that you alone control access to your Broker
account and to ensure that no other person is granted access to trading in your
account. In any case, you alone remain fully liable for any and all positions
traded on your broker account. When subscribing to a product or service offered
by the Broker, the User must follow all the technical requirements in order to
use the Software.
7.5
Licensor shall not be responsible for any damage or expense incurred by you as
a result of issues related to your engagement with the Broker, including,
without limitations, in case your account is suspended, blocked, closed,
terminated, etc. or in case of any errors, unauthorized transactions or other
trading related issues, lack of sufficient funds, software or hardware
problems, etc. including if as a result of which the Software cannot be used,
are not functional or are not performing according to their specifications.
7.6
Licensor shall not be involved in any dispute between you and your Broker and
shall have no liability in this respect. You shall fully indemnify Licensor for
any damage, loss or expenses incurred by Licensor in connection with the above.
7.7
Furthermore, we do not approve or endorse the Broker or any of its
programs. Any information, advice, views and opinions provided through Broker
are expressly attributed to the Broker and/or the speaker, and do not
necessarily reflect the views or opinions or its affiliates.
7.8
Licensor�s Software can be accessed through various brokerage services using
different platforms and other software tools with different characteristics and
technical definitions. Licensor shall not be liable to any problems or other
issues resulting from the above, including without limitations, with respect to
different trade instruments names (symbols), different spreads, lots, etc. You
should consult your Broker with respect to any such issues and make sure you
take such issues into consideration in making your trading decisions.
8. LIMITATION ON LIABILITY
8.1 It is
hereby clarified that the Licensor, its managers, employees, shareholders and
any entity on its behalf, acting on the Software, do not claim to advise any
person with regards to whether or not the purchase, sale, holding or investment
in any or all financial instruments is worthwhile. Therefore, the information
appearing on the Software, it�s notices, its feed, data, plug-ins or other
materials appearing therein, including but not limited to Third Party Content,
Software Plug-Ins or Software Compatible API shall not be viewed as a
recommendation or opinion on the subject, and any person making a decision
based on information appearing on the Software is doing so at his/her own risk.
The User proclaims that he/she is aware that nothing in the Software can
replace advice which takes into account his/her person information and needs
and/or any other person�s, and that investment in foreign currency can lead to
tremendous losses. The Licensor, its managers, employees, and anyone acting on
its behalf or through Third Party Content, Software Plug-Ins or Software
Compatible API on its Software, may have personal interest in any subject
contained on the Third Party Content, Software Plug-Ins or Software Compatible
API available on its Software and it is possible that they own foreign currency
and/or options with respect to foreign currency.
8.2 It is
the User�s responsibility to verify that performance of the transactions and
use of the Software does not negate any law or rule which apply to him, and to
fulfill any legal obligation effective with respect to him/her and resulting
from the use of the Software, and shall not make any use of the Software which
is against any law.
8.3 The
User is solely responsible for all transactions performed in his account, including
all deposit and withdrawal transactions and is responsible for the safekeeping
of his account password. The User shall be solely responsible for any harm
caused as a result of an action or non-action by the User which will lead to
inappropriate or unwanted behavior in his/her account.
8.4 It is
further clarified that the directors in the Licensor, its employees and agents,
are not responsible to any event of damage and/or expense caused to the User,
including without limitation loss of profit and/or any other damage, direct or
indirect, and/or circumstantial in connection with the performance of
transactions over the Software, and the User proclaims that he/she is
personally responsible to any risk caused thereto through the use of the
Software.
8.5 Nothing
in this Clause 8.5 excludes or limits the liability of Licensor for:
8.5.1 fraud or fraudulent misrepresentation;
8.5.2 death or personal injury caused by Licensor�s (or its
employees�, agents� or sub-contractors�) negligence; or
8.5.3 any matter for which it is not permitted by law to exclude
or limit, or to attempt to exclude or limit, its liability.
Without prejudice to clauses 8.5.1 to 8.5.3 (inclusive), the following
provisions set out the entire financial liability of Licensor (including any liability
for the acts or omissions of its employees, agents and subcontractors) arising
out of or in connection with this EULA, whether in contract, tort,
misrepresentation, under statute or otherwise, howsoever caused including
(without limitation) by negligence and also including (without limitation) any
liability arising from a breach of, or a failure to perform or defect or delay
in performance of, any of Licensor�s obligations under this EULA.
8.6
Licensor shall not be liable for any loss or damage caused to the User except
to the extent that such loss or damage is caused by the negligent acts or
negligent omissions of or a breach of any contractual duty by Licensor, its
employees, agents or sub-contractors in performing its obligations under this
EULA and in such event Licensor�s maximum aggregate liability arising out of or
in connection with this EULA, whether in contract, tort, misrepresentation,
under statute or otherwise, howsoever caused including (without limitation) by
negligence and also including (without limitation) any liability arising from a
breach of, or a failure to perform or defect or delay in performance of, any of
Licensor�s obligations under this EULA, shall be limited to $1000 (one thousand
dollars).
8.7
Subject to Clause 8.5 and 8.6, Licensor shall not be liable to the other
parties for any:
8.7.1 indirect, consequential and/or special loss or damage;
8.7.2 loss of profit (direct or indirect);
8.7.3 loss of revenue, loss of production or loss of business (in
each case whether direct or indirect);
8.7.4 loss of goodwill, loss of reputation, or loss of opportunity
(in each case whether direct or indirect);
8.7.5 loss of anticipated saving or loss of margin (in each case
whether direct or indirect);
8.7.6 wasted management, operational or other time (in each case
whether direct or indirect); and/or
8.7.7
liability of any of the other parties to third parties (whether direct or
indirect),
arising out of or in connection with this EULA, whether in contract, tort,
misrepresentation, under statute or otherwise, howsoever caused including
(without limitation) by negligence and also including (without limitation) any
liability arising from a breach of, or a failure to perform or defect or delay
in performance of, any of Licensor�s obligations under this EULA.
8.8
Licensor shall not be liable in any way to the User for acting in accordance
with the terms of this EULA and specifically (without limitation) for acting
upon any notice, written request, waiver, consent, receipt, statutory
declaration or any other document furnished to it pursuant to and in accordance
with this EULA.
8.9
Licensor shall not be required to make any investigation into, and shall be
entitled in good faith without incurring any liability to the User assume
(without requesting evidence thereof) the validity, authenticity, veracity and
due and authorised execution of any documents,
written requests, waivers, consents, receipts, statutory declarations or
notices received by it in respect of this EULA.
8.10
Consequential Damages Waiver. Licensor shall not have any liability for
incidental, consequential, indirect, special or punitive damages or liabilities
of any kind or for loss of revenue, loss of business or other financial loss
arising out of or in connection with this EULA, regardless of the form of the
action, whether in contract, tort (including negligence), strict product
liability or otherwise, even if any representative of a party hereto has been
advised of the possibility of such damages and even if any limited remedy specified
in this EULA is deemed to have failed its essential purpose.
8.11
Limitation of Liability is a material term of this EULA. User agrees that the
provisions in this EULA that limit liability are essential terms of this EULA.
The foregoing limitations of liability apply even if any remedies described in
this EULA fail in their essential purpose.
9.
INTELLECTUAL PROPERTY
9.1 You
agree that us or our affiliated entities and/or its licensor(s), as applicable,
own all right, title and interest in and to the Software, including, without
limitations, to any intellectual property rights in the above and including any
inventions, ideas, know how, patents and patent applications, software (whether
object code or source code), copyrights, trade secrets, databases, algorithms,
robots, trading signals, strategies, recommendations, processes, plans, data,
information and any related documentation and including to any enhancements,
developments and improvements to the above.
9.2 All rights
to any trade names, trademarks, service marks, logos, domain names, and other
distinctive brand features of Trading Platform (�Marks�) presented or included
in the Software are the property of their respective owners or license holders,
as applicable. Except as otherwise provided in this EULA, Licensor does not
grant to you any right, title or interest (including, but not limited to, any
implied licenses) in or to such materials or rights and nothing in this EULA
gives you a right to use any Marks.
10.
USER�S REPRESENTATIONS & WARRANTIES
10.1 User
hereby represents and warrants that: (a) if User is a natural person, User is
of sound mind, legal age and legal competence (b) if User is not a natural
person, 1. User is duly organized and validly existing under the applicable
laws of the jurisdiction of its organization; 2. Performance of all obligations
contemplated under this EULA and all other transactions contemplated hereunder
have been duly authorized by User; and 3. Each person performing all other
transactions contemplated hereunder on behalf of the User, has been duly
authorized by User to do so; and, (c) User hereby warrants that regardless of
any subsequent determination to the contrary, User is suitable to trade OTC;
and, (d) User is not now an employee of any exchange, any corporation in which
any exchange owns a majority of the capital stock, any member of any exchange and/or
firm registered on any exchange, or any bank, trust, or insurance company, and
in the event that User becomes so employed, User will promptly notify us, (e)
User has read and understands the provisions contained in this EULA, including,
without limitation, Licensor�s Risk Disclosure Statement, ISV, and Privacy
Statement; and (f) User will review this EULA; and (g) User agrees that in
effecting any transaction he/she is deemed to represent that he/she has read
and understands this EULA as in effect at the time of such transaction; and (h)
User agrees to, and shall at all times comply with all applicable laws,
statutes and regulations and User hereby declares that the installation and use
of the Software and all other transactions contemplated hereunder, and
performance of all of User�s rights and obligations contemplated under this
EULA and any other transaction contemplated hereunder, will not violate any
statute, rule, regulation, ordinance, charter, by-law or policy applicable to
User (k) User shall promptly inform Licensor of ay breaches or potential
breaches by User of any term of this EULA. USER MAY NOT USE THE SOFTWARE FOR
ANY ILLEGAL ACTIVITY.
10.2
Licensor shall not be responsible for verifying and/or checking that User
actually have such knowledge and/or experience, nor shall Licensor be
responsible for any damage and/or loss incurred by User as a result of
insufficient knowledge or experience.
10.3 User
hereby acknowledges that it is his/her responsibility to maintain in proper
order the appropriate computer hardware, operating system, sufficient back up
means, appropriate virus protection/security checks and pay any relevant third
party software programs to prevent damages and/or unauthorized access to
his/her account on the Software.
10.4 User
hereby agrees to only use the Software and Software Compatible API for lawful
purposes and on the terms agreed upon in this EULA. User hereby represents and
warrants that he/she, and his/her Broker would be at all times when using the
Software and Software Compatible API in full compliance with all applicable
anti-money laundering laws and anti-terrorism laws. The Software shall not to
be used where it is illegal to use, and Licensor reserves the right to refuse
or cancel services to anyone at Licensor�s sole discretion. The Software does
not constitute, and may not be used for the purposes of, an offer and/or
solicitation to anyone in any jurisdiction in which such offer and/or
solicitation is not authorized, and/or to any person to whom it is unlawful to
make such an offer and/or solicitation.
11
INDEMNITY
11.1 In
return for the Grant of License as provided herein to install and use the
Software, User accepts all risk of loss as a result of such use or operation of
the Software, Software Plug-Ins, and Software Compatible API and agrees to
indemnify and hold harmless the Licensor, its directors, its officers,
employees, heirs or assigns against any and all losses suffered as a result of
the use or operation of the Software, Software Plug-Ins, and Software Compatible
API . User agrees not to transfer, sell, or provide
Software to any other individual or entity, or trade another individual�s or
entity�s brokerage account or currency trading account using the Software,
unless said individual or entity has agreed to be bound by the terms of this
EULA.
11.2 USER
HEREBY AGREES THAT LICENSOR SHALL NOT BE LIABLE TO USER, HIS/HER HEIRS,
SUCCESSORS OR ASSIGNS, FOR ANY DAMAGES WHATSOEVER, UNDER ANY LEGAL THEORY
WHATSOEVER, WHICH DAMAGES MAY ARISE OUT OF, OR IN ANY WAY RELATE TO, THE USE OF
THE SOFTWARE.
12. TERM & TERMINATION
12.1 The
term of this EULA and the license granted to you will shall remain in effect in
perpetuity, for so long as User, his/her heirs or assigns operate a version of
the Software, or until it is terminated as provided in this Section. Without
prejudice to any other rights Licensor may have, the license granted under this
EULA will terminate automatically in the event you violate any provision of
this EULA or if you terminate your relationship with Licensor by un-installing
the Software. In the event of termination, for any reason, you shall delete the
Software from your computer and/or devices and either destroy any tangible
media containing the Software or return it, an FZ-LLC corporation
incorporated. You understand that Licensor may discontinue technical and
customer support for this Software at any time without any recourse by you.
13. GOVERNING LAW & JURISDICTION
13.1 This
EULA is governed by the laws of the Hashemite Kingdom of Jordan, without
reference to its principles of conflicts of laws. You expressly agree that
exclusive jurisdiction and venue for any claim or dispute with the Licensor
relating in any way to Your use of the Software
resides in the Courts of Amman, Jordan. You hereby irrevocably consent to the
personal and exclusive jurisdiction and venue of these Courts.
14. RIGHT TO COMPEL ARBITRATION
14.1 YOU
AGREE TO PROCEED WITH ARBITRATION SHOULD LICENSOR ELECT TO PROCEED IN SUCH
MANNER; HOWEVER, YOU DO NOT HAVE THE SAME OR SIMILAR RIGHT TO COMPEL
ARBITRATION. IF YOU FILE A CLAIM IN ANY COURT OF LAW, OR IF YOU AND LICENSOR
HAVE A DISPUTE AND NO CLAIM HAS YET BEEN FILED, IN EITHER CASE LICENSOR HAS THE
ABSOLUTE RIGHT, SOLELY IN ITS DISCRETION, TO COMPEL THAT DISPUTE TO BE HEARD
AND RESOLVED BY BINDING ARBITRATION. HOWEVER, IF LICENSOR DECIDES TO FILE A
CLAIM, YOU HAVE NO CORRESPONDING RIGHT TO COMPEL ARBITRATION. ANY SUCH
ARBITRATION BETWEEN YOU AND US WILL BE HANDLED AND CONDUCTED BY AND PURSUANT TO
THE RULES AND PROCEDURES OF THE DUBAI INTERNATIONAL ARBITRATION CENTER (�DIAC�)
USING A THREE MEMBER ARBITRATION PANEL WITH YOU AND WE EACH CHOOSING ONE
ARBITRATOR AND THE TWO CHOSEN SELECTING THE THIRD. THE DECISION OF THE
ARBITRATORS WILL BE FINAL AND UNAPPEALABLE AND MAY BE ENTERED AS A JUDGMENT IN
ANY APPROPRIATE COURT OF LAW. TO THE EXTENT ANY PROVISIONS OF THIS AGREEMENT
ARE INCONSISTENT WITH DIAC RULES OR PROCEDURES, SUCH PROVISIONS SHALL PREVAIL
TO THE MAXIMUM EXTENT DIAC RULES AND PROCEDURES PERMIT THE PARTIES TO STIPULATE
AND OTHERWISE AGREE TO SUCH MATTERS BY CONTRACT
15.
GENERAL
15.1 You acknowledge and agree that
each provision of this EULA that provides for a disclaimer of warranties or an
exclusion or limitation of damages represents an express allocation of risk,
and is an integral part of this EULA.
15.2
Amendment. Licensor shall have the right, at any time and without prior written
notice to or consent from User, to add to or modify the terms of this EULA,
simply by delivering such amended terms to User by e-mail at the address
provided to Licensor by User or by requiring the User to accept an updated EULA
upon accessing the Software. User�s access to or use of the Software after the
date such amended terms are delivered to User shall be deemed to constitute
acceptance of such amended terms.
15.3
Waiver. No waiver of any term, provision or condition of this EULA, whether by
conduct or otherwise, in any one or more instances, shall be deemed to be, or
shall constitute, a waiver of any other term, provision or condition hereof,
whether or not similar, nor shall such waiver constitute a continuing waiver of
any such term, provision or condition hereof. No waiver shall be binding unless
executed in writing by the party making the waiver.
15.4
Severability. If any provision of this EULA is determined to be illegal or
unenforceable, then such provision shall be enforced to the maximum extent
possible and the other provisions shall remain fully effective and enforceable.
15.5 Force
Majeure. If the performance of any part of this EULA by either party is
prevented, hindered, delayed or otherwise made impracticable by causes beyond
the reasonable control of either party, that party shall be excused from such
performance to the extent that it is prevented, hindered or delayed by such
causes.
15.6
Language. It is the express wish of the parties that this Agreement and related
Schedules be drawn up in the English language.
15.7
Entire Agreement. This EULA constitutes the complete and exclusive statement of
the agreement between the parties with respect to the Software and supersedes
any and all prior or contemporaneous communications, representations,
statements and understandings, whether oral or written, between the parties
concerning the Software.