Terms Warranty Passport Terms Privacy
Last updated: March 11, 2024.
Welcome to Foundation Devices, Inc. (“Foundation Devices”, “we”, “our”, “us”)! As you have just clicked our Terms of Use (the “Agreement”) for the website located at https://foundation.xyz (the “Site”), please pause – grab a cup of coffee or tea – and carefully read the following pages. It will take you approximately 20 minutes.
This Agreement sets forth the legally binding terms for your use of the Site and our mobile companion app, Envoy (“Envoy”, and together with the Site, the “FD Platforms”), as well as the informational services made available through the FD Platforms, including our Concierge Onboarding service. By accessing or using the FD Platforms, you are accepting this Agreement (on behalf of yourself or the entity that you represent) and you represent and warrant that you have the right, authority, and capacity to enter into this Agreement (on behalf of yourself or the entity that you represent). You may not access or use the FD Platforms or accept the Agreement if you are not at least 13 years old . If you do not agree with all of the provisions of this Agreement, you are not authorized to access and/or use the Site.
Your Purchase (as defined below in Section 2 below) or use of products or services purchased through the FD Platforms, may be subject to Supplemental Terms (as defined below in Section 2 below). Unless the context indicates otherwise, all references to the Agreement includes the Supplemental Terms.
(a) License to Use FD Platforms. Foundation Devices grants you a non-transferable, non-exclusive, right to access the FD Platforms for your personal use, subject at all times to the terms of this Agreement, at our discretion at any time.
(b) Our Technology and Content. You understand and acknowledge that the software, code, proprietary methods and systems used to provide the FD Platforms (“our Technology”) and the materials, information and content made available or displayed by us on the FD Platforms, including all text, graphics, images and the look and feel (collectively “our Content”) are: (i) copyrighted by us, our licensors and/or other licensors under United States and international copyright laws; (ii) subject to other intellectual property and proprietary rights and laws; and (iii) owned by us or our licensors. Except for the limited licenses provided herein, we reserve all right, title and interest in our Content and Technology.
(c) Envoy Security.
Foundation Devices intends for users to be able to use the functionality of Envoy on a decentralized, anonymous basis. You acknowledge and agree that Foundation Devices is not responsible for any errors or omissions that you make in connection with any cryptocurrency transaction, including but not limited to use of any incorrect address or the loss of your private key. Foundation Devices has no access to your private key and may not, under any circumstance, initiate a transaction using your private key on your behalf. If you lose your private key, Foundation Devices cannot recover it for you.
Foundation Devices does not have access to or store passwords, Seed phrases, private keys, passphrases, transaction history, PIN, or other credentials associated with your use of the FD Platforms and related services. We are not in a position to help you retrieve your credentials. You are solely responsible for remembering, storing, and keeping your credentials in a secure location. Any third party with knowledge of your Seed phrase or PIN can gain control of the privacy keys associated with your Passport device.
(d) User Restrictions on Intellectual Property. The rights and licenses granted to you in this Agreement are subject to the following, you will: (i) not license, sell, rent, lease, transfer, assign, reproduce, distribute, host or otherwise exploit the FD Platforms except as expressly authorized in this Agreement, (ii) not modify, disassemble, decompile, or reverse engineer any part of the FD Platforms; (iii) not access the FD Platforms in order to build a similar or competitive website, application or service; (iv) not copy, reproduce, distribute, republish, download, display, post or transmit in any form or by any means any part of the FD Platforms; and (v) not remove or destroy any copyright notices or other proprietary markings contained on or in the FD Platforms. Any future release, update or other addition to the FD Platforms will be subject to this Agreement.
(e) Feedback. You agree that submission of any ideas, suggestions, documents, and/or proposals to us, including through any suggestion, feedback or forum pages (“Feedback”) is at your own risk and that we have no obligations (including without limitation obligations of confidentiality) with respect to such Feedback. You represent and warrant that you have all rights necessary to submit the Feedback. You hereby grant to us a fully paid, royalty-free, perpetual, irrevocable, worldwide, non-exclusive, and fully sublicensable right and license to use, reproduce, perform, display, distribute, adapt, modify, re-format, create derivative works of, and otherwise commercially or non-commercially exploit in any manner, any and all Feedback, and to sublicense the foregoing rights without restriction and in all media now known and later developed.
(a) In association with the FD Platforms, you may be able to purchase, or enter into a pre-sale agreement for, certain products or services (each a “Purchase”). If you make a Purchase or enter into any such agreement, you agree to pay the then-current applicable fee listed on the applicable FD Platform and agreed to at checkout. We may change the pricing from time to time in our sole discretion by updating the listed price on the applicable FD Platform without any additional notice to you. In connection with a Purchase, you may be able to pay using fiat currency or one of more designated cryptocurrencies. You will be required to provide certain information when making a Purchase and you agree that any information you provide is true, accurate and complete. We utilize a third party (“Payment Provider”) to process certain payments. For payment of fiat currency, you must provide our Payment Provider with a valid credit card (Visa, MasterCard or any other issuer accepted by us) as a condition to such transactions. The Payment Provider’s policies govern the processing of your payment, and you must refer to those policies and not this Agreement to determine your rights and liabilities. If we process any payment ourselves, our policies will govern the processing of such payments. By providing your credit card number and associated payment information through the Site, you authorize us to immediately invoice you for all fees and charges due and payable to us hereunder, and you agree that no additional notice or consent is required. We reserve the right at any time to change our payment terms, either immediately upon posting on the FD Platforms, by email delivery to you or any other reasonable method of communication. For the avoidance of doubt, when you make a Purchase, the applicable Purchase, the Purchased product or both, will be governed by additional and supplemental terms (e.g., product terms of use or a pre-sales agreement, any such terms, “Supplemental Terms”). Such Supplemental Terms are supplemental to the provisions of this Agreement and in the event of a conflict between those Supplemental Terms and this Agreement, the provisions of the Supplemental Terms will apply, but only with respect to the applicable Purchase or product.
(b) Order Acceptance; Returns. Your receipt of an electronic or other form of order confirmation does not signify Foundation Devices’ acceptance of your order, nor does it constitute confirmation of our offer to sell. Foundation Devices reserves the right at any time after receipt of your order to accept or decline your order for any reason. Foundation Devices further reserves the right any time after receipt of your order, without prior notice to you, to supply less than the quantity you ordered of any item. Your order will be deemed accepted by Foundation Devices upon our delivery of the products that you have ordered. We may require additional verifications or information before accepting any order.
(c) Taxes. The payment made in connection with any Purchase may not include any sales tax that may be due in connection with the purchased product or service. If Foundation Devices determines it has a legal obligation to collect a sales tax, use tax or similar tax (collectively, “Sales Tax”) from you in connection with this Agreement, Company shall collect such Sales Tax in addition to the payments required under Section 2(a) of this Agreement. If any Purchase under the Agreement are subject to any Sales Tax in any jurisdiction and you have not remitted the applicable Sales Tax to Foundation Devices, you will be responsible for the payment of such Sales Tax and any related penalties or interest to the relevant tax authority, and you will indemnify Foundation Devices for any liability or expense Foundation Devices may incur in connection with such Sales Taxes. Upon Foundation Devices’ request, you will provide it with official receipts issued by the appropriate taxing authority, or other such evidence that you have paid all applicable taxes. When you order products for overseas delivery, you may be subject to import duties and taxes, which are levied when the package with the products arrives at the destination that you specified. Any charges for customs clearance have to be borne by you, as Foundation Devices has no control over such charges and cannot foresee the amount charged (if any). Since customs policies vary from country to country, you should contact the customs office in the country where you have us ship your products to get more information. Please also be aware that you are considered the importer of record and must comply with all laws and regulations of such country.
You agree to indemnify and hold Foundation Devices (and our officers, employees, and agents) harmless, including costs and attorneys’ fees, from any claim or demand due to or arising out of (a) your use of the FD Platforms, (b) your violation of this Agreement or (c) your violation of applicable laws or regulations. We reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us and you agree to cooperate with our defense of these claims. You agree not to settle any matter without our prior written consent. We will use reasonable efforts to notify you of any such claim, action or proceeding upon becoming aware of it.
THE FD PLATFORMS ARE PROVIDED “AS-IS” AND “AS AVAILABLE” AND WE (AND OUR SUPPLIERS) EXPRESSLY DISCLAIM ANY WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, ACCURACY, OR NON-INFRINGEMENT. WE (AND OUR SUPPLIERS) MAKE NO WARRANTY THAT THE FD PLATFORMS: (A) WILL MEET YOUR REQUIREMENTS; (B) WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS; OR (C) WILL BE ACCURATE, RELIABLE, FREE OF VIRUSES OR OTHER HARMFUL CODE, COMPLETE, LEGAL, OR SAFE.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.
IN NO EVENT WILL WE (AND OUR SUPPLIERS) BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFIT OR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT OR YOUR USE OF, OR INABILITY TO USE, THE FD PLATFORMS, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ACCESS TO, AND USE OF, THE FD PLATFORMS ARE AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA RESULTING THEREFROM.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY DAMAGES ARISING FROM OR RELATED TO THIS AGREEMENT (FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION), WILL AT ALL TIMES BE LIMITED TO THE GREATER OF (A) ONE HUNDRED US DOLLARS ($100) OR (B) AMOUNTS YOU’VE PAID FOUNDATION DEVICES UNDER THIS AGREEMENT IN THE 12 MONTHS PERIOD IMMEDIATELY PRECEDING THE DAY THE CLAIM AROSE (IF ANY). THE EXISTENCE OF MORE THAN ONE CLAIM WILL NOT ENLARGE THIS LIMIT. YOU AGREE THAT OUR SUPPLIERS WILL HAVE NO LIABILITY OF ANY KIND ARISING FROM OR RELATING TO THIS AGREEMENT.
SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OF CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.
You hereby release and forever discharge us (and our officers, employees, agents, successors, and assigns) from, and hereby waive and relinquish, each and every past, present and future dispute, claim, controversy, demand, right, obligation, liability, action and cause of action of every kind and nature (including personal injuries, death, and property damage), that has arisen or arises directly or indirectly out of, or relates directly or indirectly to, any interactions with, or act or omission of, other FD Platform users or third-party websites and services, including third-party advertisements. IF YOU ARE A CALIFORNIA RESIDENT, YOU HEREBY WAIVE CALIFORNIA CIVIL CODE SECTION 1542 IN CONNECTION WITH THE FOREGOING, WHICH STATES: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”
Subject to this Section, this Agreement will remain in full force and effect while you use the FD Platforms. We may (a) suspend your rights to use the FD Platforms or (b) terminate this Agreement, at any time for any reason at our sole discretion, including for any use of the FD Platforms in violation of this Agreement. Upon termination of this Agreement, your right to access and use the FD Platforms will terminate immediately. Foundation Devices will not have any liability whatsoever to you for any termination of this Agreement. Even after this Agreement is terminated, the following provisions of this Agreement will remain in effect: Sections 1(d) and Sections 3 through 11.
Please review our Privacy Policy, located at https://foundation.xyz/privacy, which governs the use of personal information on the FD Platforms and to which you agree to be bound as a user of the FD Platforms.
The FD Platforms can be accessed from countries around the world and may contain references to product, services and content that are not available in your country. These references do not imply that we intend to announce such product, services or content in your country. The FD Platforms are controlled and offered by us from our facilities in the United States of America. We make no representations that the FD Platforms are appropriate or available for use in other locations. Those who access or use the FD Platforms from other jurisdictions do so at their own volition and are responsible for compliance with local law.
Please read the following arbitration agreement in this section (“Arbitration Agreement”) carefully. It requires U.S. users to arbitrate disputes with Foundation Devices and limits the manner in which you can seek relief from us.
(a) Applicability of Arbitration Agreement. You agree that any dispute, claim, or request for relief relating in any way to your access or use of the FD Platforms, to any products sold or distributed through the FD Platforms, or to any aspect of your relationship with Company, will be resolved by binding arbitration, rather than in court, except that (a) you may assert claims or seek relief in small claims court if your claims qualify; and (b) you or Company may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyrights, and patents). This Arbitration Agreement shall apply, without limitation, to all disputes or claims and requests for relief that arose or were asserted before the effective date of this Agreement or any prior version of this Agreement.
(b) Arbitration Rules and Forum. The Federal Arbitration Act governs the interpretation and enforcement of this Arbitration Agreement. To begin an arbitration proceeding, you must send a letter requesting arbitration and describing your dispute or claim or request for relief to our registered agent THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON DE 19801. The arbitration will be conducted by JAMS, an established alternative dispute resolution provider. Disputes involving claims, counterclaims, or request for relief under $250,000, not inclusive of attorneys’ fees and interest, shall be subject to JAMS’s most current version of the Streamlined Arbitration Rules and procedures available at https://jamsadr.com/rules-streamlined-arbitration/; all other disputes shall be subject to JAMS’s most current version of the Comprehensive Arbitration Rules and Procedures, available at https://jamsadr.com/rules-comprehensive-arbitration/. JAMS’s rules are also available at https://jamsadr.com or by calling JAMS at 800-352-5267. If JAMS is not available to arbitrate, the parties will select an alternative arbitral forum. If the arbitrator finds that you cannot afford to pay JAMS’s filing, administrative, hearing and/or other fees and cannot obtain a waiver from JAMS, Company will pay them for you. In addition, Company will reimburse all such JAMS’s filing, administrative, hearing and/or other fees for disputes, claims, or requests for relief totaling less than $10,000 unless the arbitrator determines the claims are frivolous.
You may choose to have the arbitration conducted by telephone, based on written submissions, or in person in the country where you live or at another mutually agreed location. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction.
(c) Authority of Arbitrator. The arbitrator shall have exclusive authority to (a) determine the scope and enforceability of this Arbitration Agreement and (b) resolve any dispute related to the interpretation, applicability, enforceability or formation of this Arbitration Agreement including, but not limited to, any assertion that all or any part of this Arbitration Agreement is void or voidable. The arbitration will decide the rights and liabilities, if any, of you and Company. The arbitration proceeding will not be consolidated with any other matters or joined with any other cases or parties. The arbitrator shall have the authority to grant motions dispositive of all or part of any claim. The arbitrator shall have the authority to award monetary damages and to grant any non-monetary remedy or relief available to an individual under applicable law, the arbitral forum’s rules, and the Agreement (including the Arbitration Agreement). The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The arbitrator has the same authority to award relief on an individual basis that a judge in a court of law would have. The award of the arbitrator is final and binding upon you and us.
(d) Waiver of Jury Trial. YOU AND COMPANY HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY. You and Company are instead electing that all disputes, claims, or requests for relief shall be resolved by arbitration under this Arbitration Agreement, except as specified in Section 10(a) (Application of Arbitration Agreement) above. An arbitrator can award on an individual basis the same damages and relief as a court and must follow this Agreement as a court would. However, there is no judge or jury in arbitration, and court review of an arbitration award is subject to very limited review.
(e) Waiver of Class or Other Non-Individualized Relief. ALL DISPUTES, CLAIMS, AND REQUESTS FOR RELIEF WITHIN THE SCOPE OF THIS ARBITRATION AGREEMENT MUST BE ARBITRATED ON AN INDIVIDUAL BASIS AND NOT ON A CLASS OR COLLECTIVE BASIS, ONLY INDIVIDUAL RELIEF IS AVAILABLE, AND CLAIMS OF MORE THAN ONE CUSTOMER OR USER CANNOT BE ARBITRATED OR CONSOLIDATED WITH THOSE OF ANY OTHER CUSTOMER OR USER. If a decision is issued stating that applicable law precludes enforcement of any of this section’s limitations as to a given dispute, claim, or request for relief, then such aspect must be severed from the arbitration and brought into the State or Federal Courts located in the Commonwealth of Massachusetts. All other disputes, claims, or requests for relief shall be arbitrated.
(f) 30-Day Right to Opt Out. You have the right to opt out of the provisions of this Arbitration Agreement by sending written notice of your decision to opt out to: [email protected], within thirty (30) days after first becoming subject to this Arbitration Agreement. Your notice must include your name and address, your Company username (if any), the email address you used to set up your Company account (if you have one), and an unequivocal statement that you want to opt out of this Arbitration Agreement. If you opt out of this Arbitration Agreement, all other parts of this Agreement will continue to apply to you. Opting out of this Arbitration Agreement has no effect on any other arbitration agreements that you may currently have, or may enter in the future, with us.
(g) Severability. Except as provided in Section 10(e)(Waiver of Class or Other Non-Individualized Relief), if any part or parts of this Arbitration Agreement are found under the law to be invalid or unenforceable, then such specific part or parts shall be of no force and effect and shall be severed and the remainder of the Arbitration Agreement shall continue in full force and effect.
(h) Survival of Agreement. This Arbitration Agreement will survive the termination of your relationship with Company.
Modification. Notwithstanding any provision in this Agreement to the contrary, we agree that if Company makes any future material change to this Arbitration Agreement, you may reject that change within thirty (30) days of such change becoming effective by writing Company at the following address: Foundation Devices, Inc., 6 Liberty Square #6018, Boston, MA 02109, Attn: CEO.
(a) Changes to Terms of Use. This Agreement is subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any) and/or by prominently posting notice of the changes on FD Platforms. Any changes to this agreement will be effective upon the earlier of thirty (30) calendar days following our dispatch of an e-mail notice to you (if applicable) or thirty (30) calendar days following our posting of notice of the changes on FD Platforms. These changes will be effective immediately for new users of FD Platforms. You are responsible for providing us with your most current e-mail address. In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice. Continued use of FD Platforms following notice of such changes will indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.
Choice Of Law. The Agreement is made under and will be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, consistent with the Federal Arbitration Act, without giving effect to any principles that provide for the application of the law of another jurisdiction.
(b) Entire Agreement. This Agreement constitutes the entire agreement between you and us regarding the use of the FD Platforms. Our failure to exercise or enforce any right or provision of this Agreement will not operate as a waiver of such right or provision. The section titles in this Agreement are for convenience only and have no legal or contractual effect. The word including means including without limitation. If any provision of this Agreement is, for any reason, held to be invalid or unenforceable, the other provisions of this Agreement will be unimpaired and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law. Your relationship to us is that of an independent contractor, and neither party is an agent or partner of the other. This Agreement, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without our prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. The terms of this Agreement will be binding upon assignees.
(c) Copyright/Trademark Information. Copyright © 2020, Foundation Devices, Inc. All rights reserved. All trademarks, logos and service marks displayed on the Site are our property or the property of other third parties. You are not permitted to use such trademarks, logos and service marks without our prior written consent or the consent of such third party which may own such trademarks, logos and service marks.
Contact Information:
Foundation Devices, Inc.
6 Liberty Square #6018
Boston, MA 02109
[email protected]