Update April 30, 2014 - Terms of Service
Monthly Account Fees
There will be monthly account fees imposed on any accounts holding a balance as follows:
- BTC-TC: 0.5 BTC/mo.
- LTC-GLOBAL: 25 LTC/mo.
Account fees will be imposed on the first of the month.
Public Beta - Terms of Service
We will do everything in our power to protect you and your virtual goods. However, the exchange is NOT responsible for ANY bad things that happen to you, your virtual assets, or your LTC.
Full Release - Terms of Service
DefinitionsLTC-GLOBAL, www.litecoinglobal.com, Litecoin Global, The Corporation - A Belize company operating a website for the purposes of education and entertainment via trading of digital virtual commodities. The Corporation has zero legal tender exposure in any jurisdiction.
Ł, LTC - A digital cryptographic virtual commodity. Traded on the internet. Not recognized as legal tender in any jurisdiction. Frequently used as "online gaming tokens".
Digital Stock, LTC Stock, Virtual Stock, Stock - A digital virtual commodity, traded within this website. Not recognized as a real legal security in any jurisdiction.
Digital Bond, LTC Bond, Virtual Bond, Bond - A digital virtual commodity, traded within this website. Not to be recognized as a real legal security in any jurisdiction.
Digital Fund, LTC Fund, Virtual Fund, Fund - A digital virtual commodity, traded within this website. Not to be recognized as a real legal security in any jurisdiction.
Litecoin Global Stock Exchange (LTC-GLOBAL) is a fictional fantasy stock market simulation in which participants trade for entertainment and educational purposes only.
LTC-GLOBAL is not a real-world stock exchange and does not offer opportunity for direct real-world investment or profit. While we fully expect listed virtual companies to follow through with their virtual business plans, please KEEP IN MIND AT ALL TIMES -- shares purchased on this stock exchange simulation do not entitle you to legal real-world rights to a listed virtual company as you would expect from a real company.
LTC-GLOBAL operates via our website which acts as a clearinghouse for the trading of LTC-GLOBAL listed virtual assets. The underlying companies are virtual and none of the companies offer "registered" investment quality securities for sale in any form whatsoever. LTC used to purchase virtual stock here are in essence being transferred to the ownership of the person you are buying the virtual shares from, and not LTC-GLOBAL. All stock and shares purchased are for purely entertainment only, and not considered part/whole ownership in any legal entity or real life company.
The terms "profit" and "earnings" as used within the context of the website, and any claim of monetary value therein, relates solely and specifically to the valuation of assets within our virtual economic ecosystem.
The LTC "currency" is a virtual computer generated currency, not redeemable for monetary value from LTC-GLOBAL.
LTC-GLOBAL offers no direct opportunity for conversion of (LTC) to legal tender currencies including USD, CAD, GBP, EUR, etc.
Notwithstanding the warnings herein, LTC-GLOBAL as designed and offered is a serious stock exchange simulation. The participants here “play for keeps” and their time and LTC-based holdings represent a considerable investment in our community.
Your participation here is not without risk. It is likely you will lose some or all of your LTC in the course of your participation in the site. Only deposit what you are willing and able to lose.
There are additional policies, rules and Terms of Service for participation as published and amended from time-to-time. Please review and fully understand them before trading.
Finally, the operators of LTC-GLOBAL make no representation of any kind regarding the accuracy, fitness for purpose, or use of the software residing on this website. Your use of the software in any manner whatsoever shall constitute an understanding and acceptance of this Disclosure Statement in its entirety. The individuals who operate the software residing on this website offer no warranty and offer no remedies whatsoever for its use or consequence. You play this stock simulation at your own risk.
Terms of ServiceLitecoin Global Stock Exchange (herein and commonly referred to as "LTC-GLOBAL" or "www.litecoinglobal.com") is a fictional stock market simulation residing at http://www.www.litecoinglobal.com ("website") and is owned and operated by the "Shareholders" (A loosely knit group of litecoin.net forum members) of LTC-GLOBAL.
Through the website, LTC-GLOBAL allows registered users to access and use services that we offer related to virtual online environments, including but not limited to, providing a "marketplace" for trading "Stocks" that represent fractional ownership interests in "publicly-traded" virtual Corporations (fictional or otherwise) that also do business related to virtual online environments typically either via our website, or via a website of their own design, or via online forums, etc. All of the foregoing services described herein are referred to collectively as the "Services". This document, (herein the "Terms of Service" or "Agreement"), is a binding legal agreement between you and LTC-GLOBAL and it applies to you whether you are a "Registered User", "Visitor" or "Member Company".
A "Registered User" is a registered user of the website or Services and may be recognized as either a "Buyer" (one who initiates a Stock purchase) or a "Seller" (one who has offered Stock Certificates for Sale via LTC-GLOBAL). Registered Users are commonly called "investors" on the website.
A "Visitor" is a person that accesses the website or Services but is not registered with LTC-GLOBAL. Visitors are permitted to view but may not post or edit our content, or participate in the market.
A "Member Company" is any entity (fictional or otherwise) whose "stock" is "traded" on the LTC-GLOBAL stock market simulation.
This Agreement limits LTC-GLOBAL liability and obligations to you and allows us to change, suspend or terminate your access to and use of the website, Services and your LTC-GLOBAL account.
We urge you to carefully read the Terms and Conditions of this Agreement and all other policies and disclosure statements referenced here or elsewhere on the website. Such policies are incorporated into this Agreement by reference and collectively form part of this Agreement.
YOU UNDERSTAND THAT BY USING THE WEBSITE (INCLUDING ANY CONTENT PROVIDED THEREIN), OR BY USING ANY OTHER SERVICES PROVIDED VIA YOUR LTC-GLOBAL ACCOUNT, OR BY POSTING ANY CONTENT ON THE WEBSITE, YOU ARE AGREEING TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT ACCEPT THIS AGREEMENT IN ITS ENTIRETY, YOU MAY NOT ACCESS OR USE THE WEBSITE OR ANY OTHER LTC-GLOBAL SERVICES.
IF YOU AGREE TO THIS AGREEMENT ON BEHALF OF A BUSINESS, YOU REPRESENT AND WARRANT THAT YOU HAVE THE AUTHORITY TO BIND THAT BUSINESS TO THIS AGREEMENT AND YOUR AGREEMENT TO THESE TERMS WILL BE TREATED AS THE AGREEMENT OF THE BUSINESS. IN THAT EVENT, "YOU" AND "YOUR" REFER HEREIN TO THAT BUSINESS.
Eligibility of Use
A) To be an LTC-GLOBAL User, use the website, Services and have an LTC-GLOBAL account, you must be at least eighteen (18) years old. The website and Services are a platform through which LTC-GLOBAL Users can enhance their virtual online environment experience and through which LTC-GLOBAL Registered Users can trade virtual goods and services, including but not limited to the "purchase" or "sale" of "publicly-traded" “Virtual Corporation Stock.”
B) LTC-GLOBAL is not a party to any relationship or separate agreement entered into between LTC-GLOBAL Users and disclaims any and all liability relating thereto. For example, LTC-GLOBAL is not a party to the transactions between LTC-GLOBAL Members for the sale or purchase of virtual goods or services including Stock Certificates via the website but rather acts as a non-fiduciary third-party intermediary between transaction counter-parties.
C) LTC-GLOBAL Members are not employees, agents or contractors of LTC-GLOBAL. The website, Services and access to an LTC-GLOBAL account are not available to temporarily or indefinitely suspended LTC-GLOBAL Members. You are responsible for all equipment necessary to use the website and Services.
Registration and Setup of an LTC-GLOBAL Account
A) When you register with LTC-GLOBAL and set up your LTC-GLOBAL account, you must provide LTC-GLOBAL with accurate and complete information. You agree to promptly update your LTC-GLOBAL account information with any new information that may affect the operation of your LTC-GLOBAL account. You will be required to verify any email address that you wish to use on the website or Services, and your initial LTC-GLOBAL registration will not be complete until you have verified at least one email address. Please see the "FAQs" (Frequently Asked Questions) section of the LTC-GLOBAL website for further information on the email verification process. You authorize LTC-GLOBAL directly or through third parties, to make any inquiries we consider necessary or appropriate to verify your email address or validate your LTC-GLOBAL account information.
C) You are responsible for safeguarding and maintaining the confidentiality of your username, password and corresponding LTC-GLOBAL account information. You agree not to disclose your password to anyone. You agree that you are entirely and solely responsible for any and all activities or actions that occur under your LTC-GLOBAL account, whether or not you have authorized such activities or actions. You agree to immediately notify LTC-GLOBAL of any unauthorized use of your username, password or LTC-GLOBAL account.
Termination, Suspension of Services, and Modification of this Agreement
A) LTC-GLOBAL reserve the right in its sole discretion, at any time, to modify, discontinue or terminate the website or Services or to modify or terminate this Agreement without prior notice. All modified terms and conditions will be effective immediately upon posting on the website. If any modification is not acceptable to you, your only recourse is to cease using the website and Services. By continuing to use the website or Services following any posting of a new Agreement or policies on the website, you accept and agree to be bound by the new Agreement or policies.
B) Without limiting other remedies, LTC-GLOBAL may at any time suspend or terminate your LTC-GLOBAL account and refuse to provide access to the website or Services and suspend your ability to buy or sell using the website or Services without reason or notice to you. Such termination or suspension amounts to a termination of this Agreement by LTC-GLOBAL. In addition, LTC-GLOBAL may notify authorities or take any actions it deems appropriate, without notice to you, if LTC-GLOBAL suspects or determines, in its own discretion, that you may have or there is a significant risk that you have failed to comply with any provision of this Agreement or any other policies or rules established by LTC-GLOBAL; or engaged in actions relating to or in the course of using the website or Service that may be illegal or cause liability, harm, embarrassment, harassment, abuse or disruption for you, other LTC-GLOBAL Users, LTC-GLOBAL or any other third parties of the website or Services. You may stop using the website or Services at any time. Subject to the terms and conditions herein, any Comments (defined below) may remain on the website or within the Services even if you terminate your LTC-GLOBAL account.
C) Any suspension, termination or cancellation will not affect your obligations to LTC-GLOBAL under this Agreement (including, but not limited to, proprietary rights and ownership, indemnification and limitation of liability), which by their sense and context are intended to survive such suspension, termination or cancellation.
Intellectual Property, Proprietary Content and Ownership Rights
A) Certain types of content are made available through the website and Services. "LTC-GLOBAL Content" used in this Agreement means, collectively, the text, data, graphics, images, LTC-GLOBAL trademarks and logos and content made available through the website and Services, excluding User Submissions. "User Submissions" as used in this Agreement means, collectively, the text, data, communications, messages, graphics, images, photos, video files and other content and information which LTC-GLOBAL Members post, upload and otherwise submit to the website or Services.
B) LTC-GLOBAL RESERVES THE RIGHT TO REMOVE AND PERMANENTLY DELETE ANY LTC-GLOBAL CONTENT OR USER SUBMISSIONS FROM THE WEBSITE OR SERVICES WITHOUT PRIOR NOTICE THAT ARE DEEMED ILLEGAL OR INAPPROPRIATE.
C) You will not remove, alter or conceal any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the website, Services, LTC-GLOBAL Content, User Submissions or related products and services and you will not reproduce, modify, adapt, prepare derivative works based on, perform, display, publish, distribute, transmit, broadcast, sell, license or otherwise exploit the website, Services, LTC-GLOBAL Content or User Submissions (other than your own User Submissions). LTC-GLOBAL and its licensors own all right, title and interest, including all worldwide intellectual property rights in the website, Services and LTC-GLOBAL Content contained therein, other than your own User Submission.
D) User Submissions-License Grant. LTC-GLOBAL does not claim ownership rights in your User Submissions. However, by uploading, posting, submitting or otherwise transmitting any User Submission on or to the website or Services, you hereby grant to LTC-GLOBAL a non-exclusive, worldwide, royalty-free, sub licensable, perpetual and irrevocable right and license to use and exploit (e.g. crop and resize) your User Submissions as necessary to provide you with the Services. You represent and warrant that you own or have the necessary licenses, rights, consents and permissions to grant the foregoing licenses to LTC-GLOBAL.
E) User Submissions-Limitations. You acknowledge and agree that LTC-GLOBAL may, at its option, recategorize any User Submission and establish limits concerning User Submissions, including, without limitation, the maximum number of days that User Submissions will remain available via the Services or on the website, the maximum size of any files that may be stored on or uploaded to the website or Services and the maximum disk space that will be allotted to you for the storage of User Submissions on LTC-GLOBAL’s servers. LTC-GLOBAL will have no responsibility or liability for maintaining copies of User Submissions on our servers, and you are solely responsible for creating back-ups of your User Submissions.
F) User Submissions-Disclaimer. LTC-GLOBAL does not have any obligation to monitor the User Submissions that are uploaded, posted, submitted or otherwise transmitted using the website or Services, for any purpose and, as a result, is not responsible for the accuracy, completeness, appropriateness, legality or applicability of the User Submissions or anything said, depicted or written by LTC-GLOBAL Members, including, without limitation, any information obtained by using the website or Services. LTC-GLOBAL does not endorse any User Submission or any opinion, recommendation or advice expressed therein and you agree to waive, and hereby do waive, any legal or equitable rights or remedies you have or may have against LTC-GLOBAL with respect thereto.
"Buying", "Selling", "Trades", LTC-GLOBAL "Fees"
A) At present, simply visiting the LTC-GLOBAL website and reviewing its content is free of charge, however, LTC-GLOBAL, does charge virtual fees to LTC-GLOBAL Registered Users for various transactional privileges including but not limited to "buying", "selling", or "trading" "stock certificates or shares" via the LTC-GLOBAL stock market simulation. LTC-GLOBAL also charges virtual fees and/or assesses virtual fines to LTC-GLOBAL "Member Companies" for privileges and Services, and other activities including but not limited to "underwriting", "compliance", "auditing", "Initial Public Offerings (IPO’s)", etc. We reserve the right to initiate charges for use of the website, to amend or modify LTC-GLOBAL pricing policies or Services at any time without prior notice, however, where practical and at LTC-GLOBAL’s sole discretion, will generally provide (30) days advance notice of the introduction of any new charges, changes to our current pricing policies, or modifications of our fee structures as published and amended from time-to-time on the LTC-GLOBAL website.
B) Sellers generally set their own prices and all prices are subject to change at the Seller's sole discretion. As a Seller you hereby authorize LTC-GLOBAL to collect the amounts due from "Buyer(s)" for each transaction you initiate. You authorize us to deduct any transactional fees or commissions "earned" thereof by LTC-GLOBAL including Agent or Affiliate Commissions pursuant to our fee shcedules, and deposit any remainder into your LTC-GLOBAL account.
C) Buyers. As a Buyer you hereby authorize LTC-GLOBAL to withdraw fees from your LTC-GLOBAL account and deposit them into the LTC-GLOBAL account of the relevant Seller. You must already have sufficient LTC on deposit in your LTC-GLOBAL account to complete a transaction with a Seller.
D) You are solely responsible for all costs incurred by you in using the website and Services. LTC-GLOBAL is not responsible for issuing refunds relating to transactions between LTC-GLOBAL members.
E) LTC-GLOBAL will not provide refunds in any circumstances and does not provide any customer support for goods or services sold or purchased through the website or services. If you have a problem as a result of a purchase you should contact the seller.
Obligations of LTC-GLOBAL Registered Users, Member Companies and Interactions Between Buyers and Sellers
As an LTC-GLOBAL Registered User, Visitor or member Company, you acknowledge and agree to the following:
A) The website and Services are merely a platform through which LTC-GLOBAL Users can enhance their virtual online environment experience and through which LTC-GLOBAL Registered Users can buy and sell virtual goods and services.
B) LTC-GLOBAL is not responsible for the use or exchange of any information, files, goods or services between LTC-GLOBAL Registered Users and/or Member Companies. LTC-GLOBAL does not refer, endorse, recommend, warrant or guarantee any virtual goods or services provided or offered by Sellers or any specific Seller and nothing will be considered as a referral, endorsement, recommendation, warranty or guarantee of the foregoing by LTC-GLOBAL, and does not generally review or officially nor effectively police statements made by LTC-GLOBAL Registered Users and/or Member Companies in their User Submissions or the User Submissions in general.
C) LTC-GLOBAL does not generally make editorial or managerial decisions concerning any User Submissions, nor will LTC-GLOBAL be responsible for any Seller's failure to comply with his or her obligations or any laws or regulations concerning the content of his or her Listings. LTC-GLOBAL does not control, nor is it responsible for, the truth, accuracy, completeness, safety, timeliness, quality, appropriateness, legality or applicability of anything said or written by LTC-GLOBAL Registered Users and/or Member Companies, including, without limitation, any information contained in a User Submission (including any Forum Posting, News Article, Prospectus or Business Plan).
D) LTC-GLOBAL reserves the right to contact LTC-GLOBAL Registered Users, Member Companies or any other parties, in compliance with applicable law, in order to evaluate compliance with the rules and policies of this Agreement.
E) You will cooperate fully with LTC-GLOBAL to investigate any suspected unlawful, fraudulent or improper activity, including, without limitation, granting authorized LTC-GLOBAL representatives access to any password-protected portions of your LTC-GLOBAL account.
F) You are solely responsible for your interactions (including any disputes) with other LTC-GLOBAL Users. You understand that LTC-GLOBAL does not in any way screen LTC-GLOBAL Users. You are solely responsible for, and will exercise caution, discretion, common sense and judgment in, using the website and Services and disclosing personal information to other LTC-GLOBAL Members.
G) You agree to take reasonable precautions in all interactions with other LTC-GLOBAL Users, particularly if you decide to meet an LTC-GLOBAL User offline, online, or in person. Your use of the website, Services, LTC-GLOBAL Content and User Submissions is at your sole risk and discretion and LTC-GLOBAL hereby disclaims any and all liability to you or any third party relating thereto.
H) You will not upload, post, submit or otherwise transmit any User Submission: (i) that you do not have the lawful right to use, copy, distribute, transmit, display or sell; (ii) that infringes the intellectual property rights or violates the privacy rights of any third party (including, without limitation, copyright, trademark, patent, trade secret, or other intellectual property right, or moral right or right of publicity); or (iii) that is inaccurately described and misrepresents the virtual good or service you are advertising.
I) You will not upload, post, submit or otherwise transmit, via the website or Services, any User Submissions (including screen names) that: (i) are unlawful, harmful, threatening, harassing, defamatory or hateful; (ii) contain objects or symbols of hate, invade the privacy of any third party; or (iii) are deceptive, threatening, abusive, inciting of unlawful action, defamatory, libelous, constitute hate speech. LTC-GLOBAL reserves the right to delete or remove any User Submissions that are otherwise objectionable in the sole discretion or opinion of LTC-GLOBAL.
J) You will not upload, post, submit or otherwise transmit any User Submissions that contain software viruses or any other computer code, files, or programs designed to: (i) harm, interrupt, destroy or limit the functionality of any computer, computer software or system; or (ii) interfere with the access of any LTC-GLOBAL User, host or network, including, without limitation, sending a virus, overloading, flooding, spamming or mail-bombing the website.
K) You will not upload, post, submit or otherwise transmit any User Submissions that include code that is hidden or otherwise surreptitiously contained within the images, audio or video of any User Submissions that is unrelated to the immediate, aesthetic nature of the User Submissions.
L) You will not take any actions which may undermine the comment system used to solicit Comments (defined below) from LTC-GLOBAL Users, including, without limitation, leaving Comments for yourself or other LTC-GLOBAL Users using secondary names or creating fake accounts to do any of the foregoing;
1) You will not impersonate or misrepresent your affiliation with any person or entity, through pretexting or some other form of social engineering or otherwise commit fraud.
2) You will not use the website or Services to provide any product or services claiming success with or offering information regarding lottery numbers or for purposes of multi-level marketing proposals (for example, offering to help participants "get rich quickly" or "make money surfing the Web") or use the website or Services to promote bonus items, giveaways, random drawings, prizes, contests or games of chance.
3) You will not collect or store personal information about other LTC-GLOBAL Members without their express permission.
4) You will not encourage or instruct any other individual to do any of the foregoing or to violate any term of this Agreement.
M) LTC-GLOBAL DOES NOT PERMIT THE UPLOADING OF ANY "MATURE", "ADULT" OR "PORNOGRAPHIC" CONTENT WHATSOVER. "Mature" as used in this Agreement means content that contains nudity, violence or is sexually explicit in nature. You will not upload, post, submit or otherwise transmit, via the website or Services, any User Submissions that: (i) contain content related to bestiality, rape, incest, sex with graphic violence or degradation; or (ii) constitute child pornography or child erotica. If LTC-GLOBAL finds User Submissions that it determines, in its sole discretion, violate this section, LTC-GLOBAL may, without notice, remove or block access to such User Submissions.
N) LTC-GLOBAL reserves the right to suspend or cancel at any time and without notice any LTC-GLOBAL account that LTC-GLOBAL in its sole discretion, determines to be in violation of this or any other section. LTC-GLOBAL will take all appropriate steps with User Submissions that LTC-GLOBAL believes violate applicable laws, including cooperation with any investigation. If you see a User Submission that you believe is in violation of law or this section, please contact LTC-GLOBAL immediately.
Obligations of LTC-GLOBAL Users
A) The website and Services may be used and accessed for lawful purposes only. You agree to abide by all applicable local, state, national and foreign laws, treaties and regulations in connection with your use of the website and Services. In addition, without limitation, you agree that you will not do any of the following while using or accessing the website or Services:
1) Circumvent, disable or otherwise interfere with security-related features of the website or features that prevent or restrict use or copying of any LTC-GLOBAL Content.
2) Use any metatags or other hidden text or metadata utilizing an LTC-GLOBAL name, trademark, URL or product or service name.
3) Forge any TCP/IP packet header or any part of the header information in any posting or in any way use the website or Services to send altered, deceptive or false source-identifying information.
4) Interfere with, harm or disrupt (or attempt to interfere with, harm or disrupt) any web pages available at the website, servers or networks connected to the website, Services or the technical delivery systems of LTC-GLOBAL providers or disobey any requirements, procedures, policies or regulations of networks connected to the website or Services.
5) Attempt to probe, scan or test the vulnerability of any LTC-GLOBAL system network or breach or impair or circumvent any security or authentication measures protecting the website or Services, attempt to gain unauthorized access to any LTC-GLOBAL account information, computer systems or networks associated with the website or Services or attempt to obtain any information or materials relating to the website or Services through any means not intentionally made available by LTC-GLOBAL through the website or Services.
6) Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the website or Services.
7) Attempt to access, search or meta-search the website or harvest data or Listings from the website with any engine, software, tool, agent, device, robot, crawler or mechanism other than software and/or search agents provided by LTC-GLOBAL or other generally available third party web browsers (such as Microsoft Internet Explorer, Mozilla Firefox, Safari, or Opera), including, without limitation, any software that sends queries to the website to determine how a website or web page ranks, without giving notice to end users that the source of the data is the LTC-GLOBAL (or the website) and providing credit thereto.
8) Use the website or Services in any manner not permitted by this Agreement.
9) Encourage or instruct any other individual to do any of the foregoing or to violate any term of this Agreement.
Comments and Feedback
A) You may leave feedback and make comments about your experience with an LTC-GLOBAL Member with whom you have interacted ("Comments").
B) LTC-GLOBAL advises you to exercise caution and good judgment when leaving such Comments. Once you complete and submit your Comments to the website or Services you may not be able to go back and edit your Comments. You should also be aware that you could be held legally responsible for damages to someone's reputation if your Comments are deemed to be defamatory. Generally, LTC-GLOBAL does not monitor or censor Comments that are provided by LTC-GLOBAL Users unless and disclaims any and all liability relating thereto. Comments and complaints should be done privately and not in the public Forums.
C) Notwithstanding the foregoing, LTC-GLOBAL does reserve the right, in its sole discretion, to remove any Comments that it deems to be improper, inappropriate or inconsistent with the online activities that are permitted under this Agreement.
D) Feedback. We welcome and encourage you to provide feedback, comments and suggestions for improvements to the website and Services ("Feedback"). You may submit Feedback by contacting us through the "Customer Support" section of the website.
E) You acknowledge and agree that all Comments and all Feedback will be the sole and exclusive property of LTC-GLOBAL. You hereby assign and agree to assign all rights, title and interest you have in such Comments and Feedback to LTC-GLOBAL together with all intellectual property rights therein.
No Infringing Use. You will not use the website or Services to offer, display, distribute, transmit, route, provide connections to or store any material that infringes copyrighted works or otherwise violates or promotes the violation of the intellectual property rights of any third party. LTC-GLOBAL has adopted and implemented a policy that provides for the termination in appropriate circumstances of the accounts of users who repeatedly infringe or are believed to be or are charged with repeatedly infringing the rights of copyright holders. Please see the The LTC-GLOBAL IP Policy for further information.
You agree to defend, indemnify, and hold LTC-GLOBAL, its officers, directors, employees and agents, harmless from and against any claims, liabilities, damages, losses and expenses, including, without limitation, reasonable attorneys' fees and costs, arising out of or in any way connected with: (i) your access to or use of the website, Services, LTC-GLOBAL Content and User Submissions; (ii) your violation of this Agreement; (iii) your violation of any third party right, including without limitation any intellectual property right, publicity, confidentiality, property or privacy right; (iv) any claim that one of your User Submissions caused damage to a third party, including without limitation claims that your User Submissions are infringing; or (v) any claim related to or arising out of your activities within the website or simulation.
THE WEBSITE, SERVICES, LTC-GLOBAL CONTENT AND USER SUBMISSIONS ARE PROVIDED "AS IS" WITH NO WARRANTY OF ANY KIND. LTC-GLOBAL EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE WEBSITE, SERVICES, LTC-GLOBAL CONTENT AND USER SUBMISSIONS, REGARDING WHETHER THE SERVICES WILL PRODUCE ANY LEVEL OF PROFIT OR BUSINESS FOR YOU (IN EITHER CASE WITHIN THE WEBSITE OR OTHERWISE) OR LEAD TO ECONOMIC BENEFIT AND REGARDING ALL COMMUNICATIONS MADE THROUGH THE WEBSITE OR SERVICES (INCLUDING THOSE COMMUNICATIONS BETWEEN LTC-GLOBAL USERS), INCLUDING ANY IMPLIED WARRANTY OF QUALITY, AVAILABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. IN ADDITION, LTC-GLOBAL MAKES NO REPRESENTATION OR WARRANTY THAT THE WEBSITE OR SERVICES WILL BE ERROR FREE, THAT ANY ERRORS WILL BE CORRECTED OR THAT THE SERVICES WILL WORK. SOME STATES OR JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.
Limitation of Liability
UNDER NO CIRCUMSTANCES WILL LTC-GLOBAL BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES ARISING OUT OF OR IN CONNECTION WITH USE OF THE WEBSITE, SERVICES, LTC-GLOBAL CONTENT AND USER SUBMISSIONS INCLUDING, WITHOUT LIMITATION, INJURY OR DAMAGES RESULTING FROM THE CONDUCT OF ANY LTC-GLOBAL USER, WITHIN THE SIMULATION, ONLINE OR OFFLINE, WHETHER OR NOT LTC-GLOBAL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, LTC-GLOBAL’s AGGREGATE LIABILITY TO YOU ARISING WITH RESPECT TO THIS AGREEMENT WILL NOT EXCEED US$50. LTC-GLOBAL WILL NOT BE LIABLE FOR THE CONSEQUENCES OF ANY INTERRUPTIONS OR ERRORS RELATING TO THE WEBSITE, SERVICES OR THE SCHEDULED OR UNSCHEDULED SERVICE INTERRUPTIONS OF ANY VIRTUAL ONLINE ENVIRONMENT OR MULTI-USER ONLINE SERVICE, SUCH AS SECOND LIFE(R) . SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION AND EXCLUSIONS MAY NOT APPLY TO YOU.
LTC-GLOBAL will not be liable to you by reason of any failure or delay in the performance of its obligations hereunder on account of events beyond its reasonable control, which may include, without limitation, denial-of-service attacks, strikes, shortages, riots, insurrection, fires, flood, storm, explosions, acts of God, war, terrorism, governmental action, labor conditions, earthquakes, material shortages, extraordinary Internet congestion or extraordinary connectivity issues experienced by major telecommunications providers and unrelated to the LTC-GLOBAL infrastructure or connectivity to the Internet or failure at an LTC-GLOBAL co-location facility (each a "Force Majeure Event"). Upon the occurrence of a Force Majeure Event, LTC-GLOBAL will be excused from any further performance of its obligations effected by the Force Majeure Event for so long as the event continues, and for such further period of time that LTC-GLOBAL may reasonably require to recover from the effects of such Force Majeure Event.
Relationship of the Parties
Notwithstanding any provision hereof, for all purposes of this Agreement each party will be independent and act independently and not as a contractor, partner, joint venturer, agent, employee or employer of the other and will not bind nor attempt to bind the other to any contract.
Notice: Consent to Notice
You consent to the use of (a) electronic means to complete this Agreement and to deliver any notices pursuant to this Agreement and (b) electronic records to store information related to this Agreement or your use of the website or Services. Any notice or other communication to be given hereunder will be in writing and given (a) by LTC-GLOBAL via email (in each case to the address that you provide), (b) a posting on the website or (c) by you via email to support or to such other addresses as LTC-GLOBAL may specify in writing. The date of receipt will be deemed the date on which such notice is transmitted.
Links to Other Websites
The website or Services may provide links to websites other than LTC-GLOBAL. Such links are provided for reference only, and LTC-GLOBAL neither controls such websites nor endorses any of the material on any such websites or any association with their operators. LTC-GLOBAL is not responsible for the activities or such websites, and has no liability to you for any harms, injuries or losses you might suffer as a result of using or accessing such websites.
In the event that any provision in this Agreement is held to be invalid or unenforceable, the unenforceable part shall be given effect to the greatest extent permitted by law and the remaining provisions will remain in full force and effect to the maximum extent permitted by law. The failure of a party to enforce any right or provision of this Agreement will not be deemed a waiver of such right or provision. You may not assign this Agreement (by operation of law or otherwise) without the prior written consent of LTC-GLOBAL and any prohibited assignment will be null and void. LTC-GLOBAL may assign this Agreement or any rights hereunder without your consent. This Agreement will be governed by and interpreted in accordance with the laws of the Cook Islands excluding that body of law pertaining to conflict of laws. Any controversy or claim arising out of or relating to this contract, or the breach of this contract, shall be settled by binding internet arbitration at judge.me in accordance with the judge.me arbitration agreement. The arbitrator's decision shall be final and legally binding and judgment may be entered thereon.
You agree that this Agreement and the rules, restrictions and policies contained herein, and LTC-GLOBAL enforcement thereof, are not intended to confer and do not confer any rights or remedies upon any person other than you and LTC-GLOBAL.
This Agreement together with the rules and policies of LTC-GLOBAL and other Agreements incorporated herein by reference constitutes the entire agreement between LTC-GLOBAL and you with respect to the subject matter of this Agreement.