Terms of Use

LAST UPDATED 3 NOVEMBER 2021

of transaction.cloud website (Website), administered by Transaction Cloud Inc. (Transaction Cloud or We), a company incorporated in the USA

Scope

These Terms of Use set the terms and conditions of using the transaction.cloud Website and its services. By using the Website, you confirm that you have read, understand and consent to be bound by these Terms of Use and their each revised version.

Detailed information on the processing of your personal data by Transaction Cloud when using the Website and its services can be found in the Transaction Cloud Privacy Policy, the current version of which is always posted on the Website. In our Privacy Policy you will also find detailed information on how We use Cookies.

Website Administrator

The Website Administrator is Transaction Cloud Inc., a company incorporated in the State of Delaware in the USA under the file number: 7927747, address: 18 Maple Avenue #272, Barrington, RI 02806, USA.

Definitions

Rules for Using the Website

  1. The Website contains Materials, including information and marketing content. Our platform only supports licenses for products such as software as a service (SaaS).

  2. We offer our services worldwide. We try to make our best to tailor our services to the place where you live and make every effort to ensure that the Website works continuously and without disruptions. However, We are not liable in the event of interruptions in the Website's availability or display errors.

  3. We reserve the right to make changes to the Website, which applies to both its graphic elements and content.

  4. Access for the Users to the generally available part of the Website does not require registration.

  5. The User may use the Website by reading Materials available in such a way that the User has access to them through a browser, at the place and time chosen by the User, regardless of the operation mode of the device or application that the User is using for that purpose. For the proper display of the Website, We recommend using the most up to date version of the browser.

  6. The User is obliged to use the Website for lawful purposes only. Transmission, storage, or presentation of any information, data, or material in violation of any United States Federal, State, or other applicable law, these Terms of Use, our Privacy Policy, good practices, principle of social coexistence is prohibited. This includes, but is not limited to copyrighted material, material We judge to be inappropriate, threatening, obscene, or unlawful. It also applies to material protected by trade secrets and other statutes. The User is solely responsible for the content posted by him on the Website, in particular for the infringement of personal rights and rights of Transaction Cloud or third parties.

  7. Using VPN connection services is prohibited when using the Website. Transaction Cloud is entitled to block VPN connections.

  8. Transaction Cloud, its employees, officers, and directors, will be indemnified, defended, and held harmless by the Users from and against any claims, liabilities, penalties, settlements, judgments, and legal fees arising from:

  1. Natural persons under 18 years of age or legally considered a minor in the jurisdiction where they live, can only use the Transaction Cloud's services with the permission of a parent or a legal guardian and only to the extent authorized by the applicable law.

Prohibited Use

Our Website does not support the following:

  1. Users violating the law, these Terms of Use, our Privacy Policy or provisions of the contracts concluded with us,
  2. Illegal products/services or any service providing support for engaging in illegal activities,
  3. physical products,
  4. donations, crowdfunding, advertising and sponsorship,
  5. resale of any product without a valid reseller certificate, and resellers of products associated with a high number of customers complaints,
  6. pornographic products or services,
  7. dating services/applications,
  8. betting related products,
  9. money transfer and financial services,
  10. firearms,
  11. travel booking,
  12. any product, service or activity which violates privacy, IP or copyright laws,
  13. age-restricted products or services,
  14. any product, service or activity that is deceptive, unfair, predatory, or prohibited by one or more card networks,
  15. any product or service that infringes upon the copyright, trademark, terms and conditions or trade secrets of any third party.

Vendor's Account

  1. Only Vendors can create an Account on the Website.

  2. Creating Account is necessary to provide services for the Vendors.

  3. Vendor accepts that the Active Account will be the primary communication channel between Vendor and the Transaction Cloud.

  4. Each Vendor can create an Inactive Account on the Website by submitting an email and by setting the account password. The password is protected and encrypted.

  5. To log in, the Vendor provides the email address and the password.

  6. Vendor is required to protect the password for his Account.

  7. An Inactive Account is transformed by Transaction Cloud into an Active Account, after Transaction Cloud's verification and activation, i.e., after passing the KYC procedure and signing the contract with the Vendor, which shall happen not later than in a month from creating an inactive account.

  8. Transaction Cloud requires all Vendors to complete an account verification check as part of its KYC obligations. Vendor receives an email from Transaction Cloud's verification team which will perform the relevant KYC checks. In addition, Transaction Cloud verifies the quality of the products whose licenses it resells to the Buyers.

  9. Vendor retains access to his Account for a period of 6 months from the date of termination or expiry of the contract with Transaction Cloud.

Copyrights

All rights to the Website and Materials are subject to the protection provided for in applicable law provisions. Publicly distributing, publicly sharing, multiplying, copying, even in part, of the Materials, requires the prior written consent of Transaction Cloud, unless otherwise provided for in applicable law.

Transaction Cloud makes every effort to respect copyrights and expects the Users to do the same.

DMCA notification

Transaction Cloud responds to all notifications of copyright infringement in accordance with the DMCA. You can make a notification if you believe that your copyrighted work was used in a copyright infringing manner on our Website. Please be advised that you can send an effective notification only if you are copyright owner, a person authorized to act on behalf of copyright owner, or a person authorized to act under any exclusive right according to DMCA.

In accordance with Section 512(c)(3)(A) of Title 17 of the DMCA, a notification must be made in writing and include substantially the following:

DMCA notification can be made by sending an email containing, respectively, all necessary elements described above via email, our Contact Form or to our mailing address (Contact Details below).

Contact Details

All inquiries regarding these Terms of Use, as well as all reservations and complaints about the transaction.cloud Website can be made by sending correspondence to the following e-mail address: contact@transaction.cloudthrough our Contact Form available here https://transaction.cloud/contact or to the following mailing address: 18 Maple Avenue #272, Barrington, RI 02806, USA.

Amendments to these Terms of Use

These Terms of Use may be amended from time to time by Transaction Cloud. We will change the "Last Updated" date above if We make any amendments to these Terms of Use. You agree that your continued use of our services will constitute your acceptance of such a revised Terms of Use after such amended Terms of Use are posted on the transaction.cloud Website.

Final Provisions

  1. This Agreement shall govern and define the relationship between the Users and Transaction Cloud. All the dealings concerning these Terms of Use will be governed by the laws of the State of Rhode Island in the United States of America.

  2. The parties undertake to seek amicable settlement of disputes arising from performance of these Terms of Use.

  3. Any dispute or allegation arising out of or in conjunction with these Terms of Use or the performance, violation, or termination thereof shall eventually be resolved by formal arbitration in the State of Rhode Island in the United States of America.

  4. Where any clause of these Terms of Use is found by a court of appropriate jurisdiction to be null or unenforceable, the parties however accept that the court shall endeavor to give effect to the intentions of the parties as expressed in the provision and that the other provisions of each of these terms continue in full force and effect. Transaction Cloud's acquiescence to, or refusal to act on, a violation of the terms of this Agreement would not revoke Transaction Cloud's ability to act concerning subsequent or similar violations. Similarly, any pause or refusal to exercise or execute any right or provision of this Agreement by Transaction Cloud shall not constitute a waiver of that right or provision.

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