By interacting with a Membership as a License Partner or Client of Avalon Life S.A. you:
Accept and warrant that you have an understanding of the usage and intricacies of cryptographic tokens, such as BTC (Bitcoin) and other blockchain-based software systems;
Accept and warrant that you are legally permitted to Generate Cryptocurrencies in your jurisdiction;
Accept and warrant that you waive your right to participate in a class action lawsuit or a wide-reaching arbitration againstAvalon Life S.A or any entity affiliated.;
Accept and warrant that you take sole responsibility for any restrictions and risks associated with the Generation of mined Coins as explained on the risks section below;
Accept and warrant that you are not exchanging Cryptocurrencies for the purpose of speculative investment;
Accept and warrant that you are not exchanging Cryptocurrencies for any illegal purpose within your jurisdiction;
Accept and warrant that you understand that there is no guarantee whatsoever on cryptocoins, mining express or implied, to the extent permitted by law, and that Cryptocurrencies are Created on an "as is" basis.
The Creation of partnership (license partner or client) carries with it a significant risk. Prior to agreeing, carefully consider the exemplary and non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals prior to agreeing to a Membership of Avalon Life S.A.
1. Risk of Faintness in the generation of Coinspertaining blockchain, and/or the Cryptocurrency
The Mining software is itself based on a proven platform: There is a risk that, as an open source project, any contributor to the Network couldinadvertentlyintroduce weaknesses or bugs into the software, causing the loss of mined Coins in one or more or even all of the Avalon Life Holder accounts.
2. Risk of unforeseen attack vectors
The field of Digital Cryptocurrency and Cryptography is very new and for this reason, there is a risk of unforeseen attacks both in terms of the underlying cryptographic protocol that backs the functioning of the generated Coin, as well as interest of accessing to the wallets where the mined coins are stored. Both these vectors represent a risk that could lead the loss of the used Crytocurrencies in one or more or even all of the Avalon Life Holder's accounts even though Avalon Life S.A. will always use all of its technologic capability to avoid this from happening.
3. Regulatory risks
Blockchain technology, Mining and Cryptocurrencies are allowing new forms of interactions between individuals and/or companies, some of them are still to be imagined and implemented. Like with the appearance of cryptocurrencies such as Bitcoin, it is very likely that specific regulations will be set in different jurisdictions targeting blockchain technology and mining. These regulations may or may not bepartner-friendly and some might even forbid any relationships between an individual or company and Avalon Life S.A.
No party involved with the generation of mined cryptocurrencies makes any representations concerning the tax implications of the Generation of Cryptocoins or the possession or use of Cryptocurrencies. You bear the sole responsibility to determine if the Creation of any Crypto mined Coin or holded Cryptocurrency or the potential appreciation or depreciation in the value over time has tax implications for you in your home jurisdiction.
You Create Cryptocoins with your own actions based on the purchase of mining power. To the extent permitted by law, Third Parties or Individuals associated with the Generation of them are not liable for any tax liability associated with or arising from the Generation of Cryptocoins.
Disclaimer of Warranties
THE USER EXPRESSLY AGREES THAT HE/SHE IS CREATING CRYPTOCOINS AT THE USER'S SOLE RISK AND THAT MINED CRYPTOCOOINS ARE GENERATED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED PLEDGES, MERCHANTABILITY OR FIT FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED).
WITHOUT LIMITING THE FOREGOING, NONE OF THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THEGENERATION WARRANT THAT THE PROCESS FOR PURCHASING CRYPTOCOIN WILL BE UNINTERRUPTED OR ERROR-FREE.
Limitations Waiver of Liability
YOU ACKNOWLEDGE AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, YOU WILL NOT HOLD THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH AVALON LIFE S.A. LIABLE FOR ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, CRYPTOCURRENCIES OR THE AVALON PLATFORM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH AVALON LIFE S.A. SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR CREATION OF, OR INABILITY TO GENERATE CRYPTOCURRENCIES.
YOU FURTHER SPECIFICALLY ACKNOWLEDGE THAT THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH AVALON LIFE S.A. ARE NOT LIABLE, AND YOU AGREE NOT TO SEEK TO HOLD ANY OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH AVALON LIFE S.A. LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER CREATORS OF CRYPTOCURRENCIES, AND THAT THE RISK OF CREATING AND USING CRYPTOCOINS RESTS ENTIRELY WITH YOU