Terms of Service

Terms of Service
Last updated: May 25, 2022

Thank you for visiting SkinsMonkey.com. We hope that you will find this Terms and Conditions helpful to understand the nature and scope of agreement you may enter to enjoy our services.

Below you may read Terms and Conditions, which regulate details of services, your eligibility, your obligations and rights, limitations of our liability, waiver of the right to the state court, information on complaints, disclaimers, security of your data and other which you must consider as of major importance to you. Please read them carefully and if you have any questions please submit the to us at please-u[email protected]

By visiting, accessing, using SkinsMonkey.com or clicking to accept any services We provide, you acknowledge and agree that you have read, understood and accepted all of the terms and conditions in these Terms and Conditions and the Privacy Policy (" Terms").

These Terms constitutes agreement between between: You ("you", " Customer", " User") and the following service provider (" VAE", "we,", "us" or "our"):

Virtual Asset Empire Limited
13 Kypranoros Street,
Evi Building, 1st Floor, Office 102,
1061 Nicosia, Republic of Cyprus


For the avoidance of doubt, these Terms have two parties - you and VAE, and are not intended to nor do they provide any rights to any third parties.

PLEASE READ THESE TERMS CAREFULLY AS THEY CONTAIN YOUR LEGAL RIGHTS AND OBLIGATIONS AND PROVIDE YOU WITH CLEAR OVERVIEW OF OUR SERVICES AND SCOPE OF OUR LIMITED RESPONSIBILITY. WARNING! BY ACCEPTING THESE TERMS YOU ENTER INTO THE LEGALLY BINDING CONTRACT WITH VAE. IN PARTICULAR, YOU VOLUNTARILY SUBMIT LEGAL RELATIONSHIP WITH US EXCLUSIVELY TO ARBITRATION THEREFORE EXCLUDING THE JURISDICTION OF ANY STATE COURTS OVER THESE MATTERS. IF YOU DO NOT WANT TO ACCEPT THESE TERMS, IN PARTICULAR YOU DO NOT WANT TO WAIVE YOUR RIGHT TO THE STATE COURT, PLEASE REJECT THESE TERMS AND LEAVE OUR SITE IMMEDIATELY.

If you do not agree to be bound by these Terms and any subsequent amendments, changes or updates, you must not access or use any of the services we provide.

When using some specific features of the services, you may be requested to accept applicable additional terms and conditions.

GENERAL

Introduction

SkinsMonkey.com is an online platform for users of Steam service provided exclusively by Valve Corporation. We are not affiliated in any way with Valve Corporation nor any of its subsidiaries or affiliates (" Valve"). By accessing SkinsMonkey.com , you agree that the terms of any respective Steam subscriber agreements and/or terms and conditions, and/or policies shall apply to you in all respects. Any warranties, rights, obligations or other contractual relationships that you may have with respect to your Steam account and Valve shall remain consistent with, and part of the Terms hereof.

SkinsMonkey.com is a platform which allows Steam-registered users to search, exchange and purchase Steam-supported virtual items between each other in accordance with the Terms (the " Virtual Items"). The Virtual Items traded within our platform might be used only within Steam-approved services. The Virtual Items are no cryptocurrencies. We provide you with a platform that matches your trades with trades placed by other users of our services to exchange or purchase Virtual Items. You are not able to predetermine who shall you trade with and the identity of your counterpart shall remain anonymous for you. Likewise, your identity shall remain anonymous for your counterpart. Ownership of the Virtual Items any time belongs to Steam. Our users are merely holders of the Virtual Items.

Eligibility

You must meet eligibility criteria to use our Services.

You must be a physical person of at least 16 years old to use SkinsMonkey.com. We do not provide Services to legal persons.

If you are under the age of 18, or you have otherwise limited legal capacity under jurisdiction of your domicile, please ask your parents or your legal guardian to read and accept the Terms on your behalf before proceeding further with using SkinsMonkey.com unless you are not obliged to do so in accordance with your local jurisdiction. By continuing using SkinsMonkey.com you affirm that you (or your parent or legal guardian, if applicable) have understood and accepted the Terms. If you (or your parent or legal guardian, if applicable) do not agree with the Terms, then you may not use or access SkinsMonkey.com or any part thereof. By creating an Account as further stated below, you represent and warrant that you are a "natural person" who is over the age of 18 or whose parent or legal guardian have accepted and agreed to the Terms.

We can also consider other factors as relevant to enter into agreement with you such as your nationality, place of residence or other information we deem relevant or we should consider under applicable regulations.

You may not use our Services and/or are citizen and/or resident and/or you access SkinsMonkey.com from any of the following territories:

  1. the Bolivarian Republic of Venezuela;
  2. the British Overseas Territory of the British Virgin Islands;
  3. the Democratic People's Republic of Korea;
  4. the Islamic Republic of Iran;
  5. the Republic of Cuba;
  6. the Republic of Cyprus;
  7. the Russian Federation;
  8. the Syrian Arab Republic;
  9. the temporarily occupied territories of Ukraine (Ukrainian: Тимчасово окупована територія України) as defined in the law enacted by the sovereign Government of Ukraine recognized by the United States of America and/or de facto territories of Ukraine temporarily uncontrolled by the sovereign Government of Ukraine recognized by the United States of America.

We shall not provide you Services or may withdraw to do so in case if we gain any knowledge that you are or could have been involved in any illegal activity. In particular we do not provide Services to persons listed on any sanctions lists, including the lists enforced by the Government of the United States of America and/or Government of any member state of the European Union.

We shall not provide you Services or may withdraw to do so if you are a resident of a country deemed by FATF as high risk or non-cooperative jurisdiction. We reserve the right to request additional personal data from you and supplementing documentation to confirm your identity and eligibility to use Services.

We shall also refuse to provide you with Services if we become aware that you were involved in any activity which reasonably could have been harmful to us.

Drawing Rights

Trading in SkinsMonkey.com does not involve any fiduciary currency or cryptocurrency. Trading in SkinsMonkey.com is available only through exchange one Virtual Item for another Virtual Item, or optionally, by using drawing rights issued by us specifically for the purposes of trading within SkinsMonkey.com (the " Drawing Rights"). Drawing Rights might not be used elsewhere or exchanged for any fiduciary currency or cryptocurrency.

For your convenience only, our Drawing Rights are issued in the prearranged units which are shown on our platform as equivalent to the units of the fiduciary currency, typically US Dollars (USD). Unless provided otherwise, 1 prearranged unit of our Drawing Rights is represented on our platform as 1 unit of the fiduciary currency involved, typically 1 US Dollar (USD). For avoidance of doubt, 1 prearranged unit of our Drawing Rights might not be exchanged for 1 US Dollar or its equivalent in any other fiduciary currency or cryptocurrency. The amount of prearranged units of our Drawing Rights acquired by you will constitute balance of your account open on our platform presented as corresponding units of fiduciary currency (the " Balance").

In principle, you acquire our Drawing Rights when exchanging your Virtual Item valued on our platform higher than the Virtual Item you receive as a result of such exchange. In such situation, the difference between (i) the value of your Virtual Item, which you trade through our platform and (ii) the value of the Virtual Item you receive in exchange will constitute the amount of prearranged units of our Drawing Rights which you will receive and what will be reflected in your positive Balance.

Alternatively, we may issue our Drawing Rights upon subscription. You can make subscription order to our Drawing Rights only by using our platform. The availability of our Drawing Rights might be limited, hence your subscription might not be accepted by us. Notwithstanding the foregoing, we specifically reserve our right to grant the Drawing Rights to any User upon our sole discretion without subscription.

In order to place subscription order for our Drawing Rights, you shall pay us the price calculated in fiduciary currency and provided on our platform. The price payable in fiduciary currency for our Drawing Rights is solely upon our discretion and vary from time to time.

If your subscription order is accepted and the subscription price is credited on our fiduciary currency account in its entirety, without any set-offs, deductions, or other modifications, you acquire the right to use Drawing Rights on our platform.

If you have positive Balance, you may place an order to redeem Drawing Rights by using our platform. Our decision whether we agree or not agree to accept your redemption order is solely within our discretion. If your redemption order is accepted by us, the amount of your Drawing Rights being subject of redemption will be cancelled, which will be reflected in your debited Balance. If your redemption order is accepted, we will pay you the amount in fiduciary currency which will be the product of (i) the amount of prearranged units of our Drawing Rights multiplied by (ii) the redemption price expressed in fiduciary currency for one prearranged unit of our Drawing Rights established upon our sole discretion and provided to you upon acceptance of your redemption order.

At any time your Balance shall not exceed the amount of prearranged units of our Drawing Rights shown as USD 15,000. To access Balance you may be asked to provide registration details, including without limitation a payment method, a related billing address and all necessary KYC information about the Account owner. Balance does not constitute a personal property and has no value. Balance is non-transferable to another service or person and do not accrue interest.

Risk

Before using our Services, it is crucial that you understand the risks associated with Virtual Items, Drawing Rights and our Services. Trading Virtual Items and using Drawing Rights involves multiple risks. You hereby declare that you are aware and familiar with all risks related to Virtual Items and Drawing Rights, in particular risks listed below. You are aware that such a list is not exhaustive and is not intended to be exhaustive. In our belief it refers to most common risks associated with Virtual items and Drawing Rights and some of them may apply in high extent and some to lesser extent. You must independently or with help of your advisor determine your risk appetite and determine if you want to exchange your Virtual Items with us or subscribe to our Drawing Rights. You bear sole responsibility for materialisation of any such or similar risk and cannot make any claims against us. If you don't have knowledge about risk associated with Virtual Items, you should acquaint yourself with them first and reconsider if you are willing to trade with us.

Framework risk - Virtual Items might be used only within Steam platform, therefore they may become useless and have no value if or when Steam ceases to accept these Virtual Items or if market demand for Steam-operated services, such as video games, decreases.

Fluctuation risk - prices of Virtual Items fluctuate rapidly and in short period may loose significant value, in particular Virtual Items are not backed up by any fiduciary currency, cryptocurrency, precious metals, commodities or any other tangible or intangible asset, therefore they actual market value might be or become null.

Liquidity risk - Under some circumstances you may find difficult to buy or sell Virtual Items since there might be no other user who is willing to trade. No Virtual Items might be available for exchange or purchase.

Suspension of trading - Under some circumstances we may be required to cease to offer to exchange of all or some Virtual Items. Such suspension may arise either in our own discretion if we deem that trading such Virtual Items may cause damage to us or our Users, or in cases when we shall be obliged to do so by binding us laws.

Data transmission and infrastructure risk - use of our Service and access to SkinsMonkey.com via Internet might be affected by, but not limited to, the failure of hardware, software, and connections. Such failures may cause disruptions, errors, distortions or delays you may experience when using SkinsMonkey.com

Attack risk - your and our infrastructure may be subject to hostile attack what may affect the continuity of our Services and your access to the Account.

Integrity risk - technology facilitated to develop, maintain, transfer, or verify your Virtual Items may be subject to attack and loss of its value.

Operations on Virtual Items – Virtual Items may be cancelled, lost, double spent or their value may be significantly decreased due to forks and rollbacks. Over the time given Virtual Items may lose some their features what may cause their immediate depreciation.

Risk of origin - Some Virtual Items might be associated with illegal activity or be originated in other illegal sources without your awareness, what may result in difficulties or inability in their trading.

Regulatory risk - the legal status of Virtual Items and Drawing Rights is still unclear in most of the countries. Regulations limiting trading of Virtual Items and Drawing Rights may be expected.

Drawing Rights risk – we may reject any subscription or redemption order concerning the Drawing Rights meaning that you may be unable to reclaim any and all of your fiduciary currency funds used to pay for Drawing Rights.

Availability

We strive to make our Services available to you on a 24/7 basis. We reserve the right to temporarily suspend or terminate the provision of some functionalities of the Service or entire Service due to the implementation of enhancements, maintenance or review. We are not obliged to notify you in advance about any scheduled limitations of availability of the Service.

As any on-line service, SkinsMonkey.com may be subject to temporarily failure or interruption. We are constantly improving our infrastructure, but such risk may materialise any time and we exercise due diligence to remove such failure in reasonable time. To the highest extent as permitted by law we shall not be liable for any loss or damage resulting from such failures.

You must acknowledge that some functionalities or entire Service may be and/or become limited or unavailable in certain jurisdictions even without prior notification. We carry no liability nor responsibility for actions of any competent authorities who may at any time and without prior notification introduce such limitations.

In order to use our Services you need a device with access to the Internet that meets all the technical requirements to access Steam. You are obliged to ensure such compatibility and by no means we shall not be responsible to adapt the Service to your devices. You must be also aware that facilitating older devices and/or unupdated software like web-browser may cause disturbances or unavailability of our Service.

In case if we decide or if we need to change technical requirements of our Service we may do it without any prior notification. Such change shall not be considered as an amendment of this Terms.

SERVICES

Upon successful registration and identity verification and opening and Account for you, you gain access to Services which shall be limited to Virtual Items exchange and/or purchase service on our platform.

SkinsMonkey.com allows you to either: (i) exchange one Virtual Item for another Virtual Item available on our platform or (ii) to purchase Virtual Item available on our platform using Drawing Rights for clearing of the transaction. You may exchange only Virtual Items which are deposited on your Account.

For the purpose of exchanging your Virtual Item to another Virtual item you must place an order on our platform. Your order shall be matched with orders of other Users of SkinsMonkey.com. When your order is matched the Virtual Item exchanged shall be booked on your Account.

Each Virtual Item available on our platform has the ascribed value expressed in the Drawing Rights.

You may place order to exchange your Virtual Item deposited on your Account for another Virtual Item deposited on the Account of another User. If the value of your Virtual Item is the same as the value of the Virtual Item you wish to acquire, your Balance is neither credited nor debited. If the value of your Virtual Item is higher than the value of the Virtual Item you wish to acquire, you Balance is credited with the amount of prearranged units of Drawing Rights equal to the difference in value of exchanged Virtual Items. If the value of your Virtual Item is lower than the value of the Virtual Item you wish to acquire, then the difference in value is debited against your Balance. In case you do not have sufficient Balance to cover the difference referred to in the preceding sentence your order will not be accepted. If your order is accepted, you release the Virtual Item you offered for the purpose of transaction and receive the Virtual Item you wished to acquire.

If you purchase the Virtual Item, your Balance is debited with the amount of prearranged units of Drawing Rights equivalent to value of the Virtual Item acquired plus our Fees.

Any trades and Virtual Item transactions conducted on SkinsMonkey.com are final and not subject to a return, refund and/or cancellation. Orders which were matched with another's Users order may not be cancelled and you may not withdraw from result of such transaction.

ACCOUNT

In order to use SkinsMonkey.com you must sign-in through your Steam user account provided by Valve.

By signing-in you authorize us to access and use certain Steam user account information, including, but not limited to your public Steam profile and the list of your Virtual Items. The personal data collection and processing is subject to our Privacy Policy being integral part of these Terms.

Upon signing-in with your Steam user account, your individual SkinsMonkey.com account (the " Account") will be created automatically and you will be assigned with your personal SkinsMonkey.com identification information mirroring your Steam ID64 (the " Account ID") to be identified within our platform for the purposes of our Services. You may have only one (1) Account with us.

You are solely responsible for managing and safeguarding your login credentials, maintaining the confidentiality and restricting access to your Account, as well as for all activities that occur under these credentials. We bear no responsibility for any unauthorised access to your Account. We treat any action commenced on your Account as initiated by you unless you let us know in advance on loss of login credentials. It is your responsibility to ensure that your use of SkinsMonkey.com within your Account is in compliance with Terms, any applicable laws or regulations.

On the basis of data provided by you, in order to open an Account or to maintain the Account after its opening we may require you to provide us with additional information about you, your source of wealth and origin of Virtual Items. We may require you to provide us with documentation confirming and supplementing data provided.

PAYMENTS

Drawing Rights shall be first and foremost obtained through exchange of Virtual Items. Subscription to Drawing Rights, while discouraged, is allowed, however subject to further restrictions.

VAE may use various payment methods in order to facilitate payments for subscription or redemption of the Drawing Rights. The respective payment method provider is primarily responsible for facilitating the payment of the transactions conducted on SkinsMonkey.com and providing to the User payment-related customer support.

VAE is not responsible for any delays in payment and/or actions of the respective payment service provider. The terms and conditions between the payment method and the Users who utilize the payment services are governed by separate agreements and are not subject to these Terms.

All transactions in fiduciary currency are made in US Dollars (USD), unless states otherwise, including all applicable taxes. In this respect, your payment will be converted from your currency into USD at the time of the payment, if applicable.

By performing transactions via SkinsMonkey.com you acknowledge and confirm that you are the owner or an authorized user or of all payment accounts, bank cards or any other payment methods you use to make any payments.

You are responsible for the payment of any fees, taxes or other costs, associated with the conduction of transactions via the payment method or the applicable duties and taxes imposed by your local authorities. The respective charged amounts shall be indicated on the respective payment page of the relevant payment method. The list of available payment methods shall be solely defined by VAE, are indicated on SkinsMonkey.com and may change without any prior notice.

Any payment made from and to VAE can be subject to restriction until a Know Your Customer (" KYC") check is completed in line with regulations applicable to you, us, provider of payment method or the institution holding our fiduciary currency account. All payments larger than USD 1,000 (one thousand US Dollars) in a short time period are also subject to a KYC check.

FEES

Exchange and purchase of Virtual Items with our Services is charged with our commission fees (the " Fees"). Our Fees are included into the value of the Virtual Item quoted on our platform and are not provided separately. You agree and authorize us to deduct a Fee for each transaction in the amount set separately by us for each specific transaction of exchange and/or purchase of Virtual Item. Our Fees may vary from 0 to 20% of the declared value of the relevant Virtual Item.

INTELLECTUAL PROPERTY

SkinsMonkey.com logo and any SkinsMonkey.com product or service names, logos or slogans and/or any other intellectual property that may appear on the SkinsMonkey.com or service are trademarks of VAE and/or our affiliates and may not be copied, imitated or used, in whole or in part, without our prior written permission. In addition, the features of SkinsMonkey.com and their content, designs, magnetic translations, domain names, downloadable documents, digital conversions including, without limitation, all page headers, custom graphics, button icons and scripts, constitute the intellectual property of VAE and may not be copied, imitated or used, in whole or in part, without our prior written permission.

We grant you a limited, nonexclusive and non-sublicensable license to access and use our intellectual property solely for your personal use. The license granted does not permit you to and sale, distribution, display, modification, copying, creating derivatives of our intellectual property. The license shall terminated as of the date of termination of agreement between you and us.

Any trademarks, logos, skins, artworks and other objects of intellectual property (either registered or unregistered), presented on SkinsMonkey.com , belong to their respective owners, including Valve, and there are no implied licenses to use them, unless otherwise stipulated by the owner in writing. Any unauthorized use is an infringement sanctioned by the applicable legislative framework.

PROHIBITIONS

In connection with our Services you are strictly prohibited to:

  1. use Services in order the place proceeds from any illegal activity;
  2. transact or deal in, any Virtual Items that does not belong to you;
  3. use Services against or to circumvent any laws, including AML/CTF, anti-corruption laws and economic sanctions;
  4. use Services to evade taxes;
  5. use any falsified or misleading data;
  6. take advantage of any shortcomings in our Services and platform;
  7. engage in wash trading, spoofing, fictitious trading and price manipulation;
  8. trade with the intention to disrupt or cause negative impact on fair execution of any orders on our platform;
  9. create impression that you act as our representative or proxy;
  10. use any virtual private network, proxy service, or any other service, network, or product in order to disguise your IP address or location;
  11. post, submit, publish, display, or transmit any data which may be objectively interpreted as offensive or against local laws and customs,
  12. host, provide or develop services for or using the Services, or intercept, emulate, disrupt, or redirect the communication protocols, hardware, software, network, or system used by Service in any way, including without limitation through protocol emulation, tunneling, packet sniffing, modifying or adding components to the Service, use of a utility program or any other techniques now know or hereafter developed, for any purpose, including without limitation unauthorized access in any form over the Internet,
  13. violate or avoid any of provision in this Terms.

ACKNOWLEDGMENTS

You acknowledge that we reserve the right to:

  1. perform a KYC check on any registered User at any given time
  2. refuse any trade of any Virtual Item;
  3. refuse any order to subscribe or redeem Drawing Rights;
  4. reverse any trade of any Virtual Item;
  5. reverse any order to subscribe or redeem Drawing Rights;
  6. modify, suspend and/or discontinue SkinsMonkey.com , its content, features or offers with or without notifying you beforehand;
  7. provide different capabilities and/or features for SkinsMonkey.com , without any recourse to you or without any rights of claim assignable to you;
  8. undertake any actions as may deem appropriate in response to actual and/or suspected violations of these Terms, including, but not limited to the suspension and/or termination of your access to SkinsMonkey.com and/or the Account;
  9. restrict the usage of SkinsMonkey.com without prior notification for any registered User.

We have the right to investigate any alleged violation of these Terms, binding us laws and regulations and to take actions we deem necessary without your consent or prior notice. In particular we have the right to:

  1. block and cancel trade in any Virtual Items;
  2. suspend your Account;
  3. report your identity and activity to competent authorities.

If we suspect that you are in a material breach of the Terms or other SkinsMonkey.com policy, we may undertake the following actions subject to our discretion without prior notice:

  1. suspend your Account;
  2. suspend any transactions without any refund;
  3. terminate your Account with immediate effect.

We further note that if the breach is not material, we may provide you with a notice of 14 days to give you the opportunity to rectify the breach subject to our discretion.

We note that we can undertake any and all of the above actions subject to our discretion without any liability or further obligation of any kind whatsoever to you or any other party.

REPRESENTATIONS AND WARRANTIES

Each time you access SkinsMonkey.com you irrevocably represent and warrant to us that:

  1. according to your local jurisdiction you are of legal age and eligible to enter into the agreement with us;
  2. according to your local jurisdiction you have no restrictions to use SkinsMonkey.com ;
  3. you will comply with the Terms and all applicable laws and regulations and will not directly or indirectly use SkinsMonkey.com for any illegal activities;
  4. you have all necessary and relevant experience and knowledge to deal with Virtual Items, have a full understanding of their framework, are aware of all the merits, risks and any restrictions associated with Virtual Items including their use, as well as the necessary and relevant expertise and knowledge to exchange and/or purchase them, and accept the sole responsibility for any decisions made in respect of such items within SkinsMonkey.com ;
  5. you are a rightful holder of all the Virtual Items associated with your Steam ID;
  6. any funds to subscribe to Drawing Rights are not in breach nor they circumvent any applicable KYC laws and regulations.

DISCLAIMER

EXCEPT AS EXPRESSLY PROVIDED FOR HEREIN, THE SERVICES AND ALL RELATED COMPONENTS AND INFORMATION ARE PROVIDED ON AN "AS IS"- AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND. WE DISCLAIM ANY AND ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. YOU ACKNOWLEDGE AND ACCEPT THAT WE DO NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE.

YOU ACKNOWLEDGE THAT YOUR DATA AND INFORMATION PROVIDED BY YOU MAY BECOME IRRETRIEVABLY LOST OR CORRUPTED OR TEMPORARILY UNAVAILABLE DUE TO A VARIETY OF CAUSES, INCLUDING SOFTWARE FAILURES, PROTOCOL CHANGES BY THIRD PARTY PROVIDERS, INTERNET OUTAGES, FORCE MAJEURE EVENT OR OTHER DISASTERS INCLUDING THIRD ILLEGAL ACTIVITY, MAINTENANCE, OR OTHER CAUSES EITHER WITHIN OR OUTSIDE OUR CONTROL. YOU ARE SOLELY RESPONSIBLE FOR BACKING UP AND MAINTAINING DUPLICATE COPIES OF ANY INFORMATION YOU STORE OR TRANSFER THROUGH OUR SERVICES.

Neither VAE nor any other party involved in creating or delivering the Service and/or SkinsMonkey.com shall be liable for any direct, indirect, incidental, special, punitive, consequential, or exemplary damages arising out of or in connection with any use of, or inability to use, the Services, SkinsMonkey.com or the exchange, sale, purchase, or use of the Virtual Items. The foregoing limitation applies to all damages arising out of or in connection with any use of, or inability to use SkinsMonkey.com , including but not limited to: errors, mistakes, or inaccuracies; personal injury or property damage; any unauthorized access to or use of our secure servers, including any personal or financial information stored therein; any bugs, viruses, trojan horses, or the like that may be transmitted through the application or services; and/or any goods sold or purchased.

SkinsMonkey.com or Service may contain links to other third-party websites, including Steam. We are not in any way responsible for the content of such links as these are not in any way monitored by us. We shall not be held liable and/or responsible for the content of such third-party websites and accept no liability for any loss or damages occurring as a result of or relating to the use of these websites. We note that if you access these third-party websites, you do so at your own risk. The foregoing limitation applies regardless of the nature of the cause of action (whether breach of contract or tort, including negligence) and even if VAE has previously been advised of, or reasonably could have foreseen, the possibility of such damage or loss,

To the extent that any jurisdiction does not allow the exclusion or limitation of any incidental or consequential damages, the above limitation shall apply to the extent permissible under applicable law.

VAE's aggregate liability to a User in any circumstance is limited to either the amount paid by the user to VAE in fiduciary currency during the year preceding the claim or $100, whichever is greater.

INDEMNITY

To the extent permitted by applicable law you shall indemnify, and hold harmless VAE, its licensors, licensees, distributors, agents, representatives and other authorized users, and all of the foregoing entities' respective officers, directors, owners, employees, agents, representatives, and assigns from and against any and all claims, damages, obligations, losses, liabilities, costs, attorney fees, and expenses arising out of or in connection with your use of SkinsMonkey.com , your violation of the Terms, the sale, purchase, exchange and/or use of any Virtual Items, your violation of any third party right, including, but not limited to, copyright, trademark, or privacy right, and any submission by you that causes damage to a third party.

You agree to cooperate as fully as reasonably required in the defense of any claim. VAE reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you. You shall not enter into any agreement that affects the rights of VAE without VAE's prior written approval.

ASSIGNMENT

VAE may assign, subcontract or otherwise transfer its rights and/or obligations hereunder without notice to you or obtaining your consent. You may not assign, subcontract or otherwise transfer your rights and/or obligations hereunder without out prior written consent.

SEVERABILITY

If any provision of these Terms is deemed invalid and/or unenforceable under any statute, regulation, ordinance, legislation or by an arbitrator or court of competent jurisdiction, then such provision shall be deemed reformed or deleted but only to the extent necessary to comply with such statute, regulation, ordinance, arbitrator, or court, and the remaining provisions shall remain in full force and effect.

GOVERNING LAW

Any legal relations arising out of or in connection with these Terms, including non-contractual obligations, shall be governed by the UNIDROIT Principles of international Commercial Contracts (2016) and, with respect to issues not covered by such Principles, by generally accepted principles of international commercial law.

This provision shall not be deemed to deprive you of the protection afforded to you by the applicable rules relating to contractual obligations of the law of the state in which you have your habitual residence. For avoidance of doubts, the preceding sentence does not constitute choice of law clause.

ARBITRATION

Any dispute, controversy, difference or claim arising out of or relating to these Terms, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be exclusively referred to and finally resolved by arbitration administered by the BVI International Arbitration Centre (BVIIAC) under the UNCITRAL Arbitration Rules in force when the Notice of Arbitration is submitted, as modified by the IAC Procedures for the Administration of Arbitration under the UNCITRAL Arbitration Rules. The law of this arbitration clause shall be the law of the Republic of Cyprus. The place of arbitration shall be Road Town, Tortola, British Virgin Islands. The number of arbitrators shall be three. The arbitration proceedings shall be conducted in English.

Prior to the commencement of arbitration, the parties shall take reasonable efforts to resolve dispute, controversy, difference or claim amicably for three months from the date of the notification of the dispute.

NOTIFICATION OF THE DISPUTE

You should send us complaints and disputes as soon as you become aware of them, maximum within 3 Business days of the date of the discovery.

The complaint must contain following details:

  1. Account numberID,
  2. description of the occurence subject to the complaint,
  3. your demand,

We shall put reasonable efforts to investigate your complaint as soon as possible no later than within 30 days from the date of complaint submission.

In complicated cases we may prolong the 30 days period until 60 days from the date of the submission.

Under limited circumstances, we may disclose your personal data to third parties as permitted by, or required to comply with, applicable laws, rules and/or regulations in the jurisdiction of which you are a citizen or a permanent resident and in order to comply with applicable laws. For example, we may disclose personal information to cooperate with regulatory authorities and law enforcement agencies to comply with subpoenas or other official requests, and as necessary to protect our rights or property. Except as described herein, we will not use your personal information for any other purpose, unless we describe how such information will be used at the time you disclose it to us, or we obtain your permission.

Your telephone conversations, e-mails, internet conversations (chat), meetings and other communications with us may be recorded/maintained by us for security purposes, compliance with the applicable laws and regulation. If you don't want to be recorded you must terminate the agreement between you and us.

COLLECTIVE REDRESS WAIVER

Where permitted under the applicable law, you agree that you may bring claims against SkinsMonkey.com only in your individual capacity and not as a plaintiff or class member in any purported class or representative action and/or any other collective redress mechanism.

NOTICES

Any notices to VAE shall be effective only if sent in writing to its corporate registered address with a copy to: [email protected]. The notices directed to VAE but not meeting requirements set out in the preceding sentence shall be deemed null and void.

It is your responsibility to provide to us your email address which is always operative.

AMENDMENTS

We may make changes to the Terms, our Services or any other part of SkinsMonkey.com from time to time without prior notification. We may do this for a variety of reasons including changes in or requirements of the law, new features, or changes in business practices and/or any other reason. The most recent version of these Terms will be posted on SkinsMonkey.com , and you should regularly check for the most recent version. If the changes include material changes that affect your rights or obligations, we will notify you of the changes by reasonable means, which could include notification through SkinsMonkey.com or via email. If you continue to use SkinsMonkey.com after the changes become effective, then you agree to the revised Terms.

TERM AND TERMINATION

The agreement between you and us shall be concluded for indefinite period of time.

We may terminate the agreement at any time by notice which will take effect no later than 10 business days after the termination notice is sent to you.In case if we disclose that you are in breach of any provision of this Terms we may terminate the agreement with immediate effect as of the date of dispatch to you the termination notice.We may also immediately terminate agreement if a force majeure event has occurred and has continued for a period of 5 business days.

You may terminate the agreement with immediate effect by choosing option to delete the Account on our platform.at any time via sending us an email at [email protected].

Upon termination of our agreement, we will close your Account which means that you will not be able to use the Service. Upon closure of the Account all Virtual items and Drawing Rights will be cancelled without possibility of their reclaim. We bear no liability with regard to the cancellation of Virtual Items and/or Drawing Rights upon the closure of the Account.

FINAL PROVISIONS

Nothing in this Terms should be understood by you as legal, tax or financial advisory. Should you require any assistance regarding these issues you should contact your professional advisor.

We do not provide any advisory and you must not regard us as acting in that capacity. Some tools and information made available to you should be considered as decision supporting tools only. You should consult your professional advisors before entering into any transaction if you think you are not able to assess if it corresponds to your risk appetite.

Headings of sections in this Terms are informative only and are intended to help you to navigate this document.

Our failure or delay in exercising any right, power or privilege under these Terms shall not operate as a waiver thereof.


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Virtual Asset Empire Limited
a provider of SkinsMonkey.com