Terms & Conditions

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PLEASE READ THESE TERMS OF SERVICE (“TERMS” OR THE “AGREEMENT”) CAREFULLY. BY CLICKING TO ACCEPT, OR BY ACCESSING OR USING OUR SERVICES, YOU AGREE TO BE BOUND BY THESE TERMS OF USE AND ALL TERMS INCORPORATED BY REFERENCE.

These are the Terms and Conditions that apply to the use, by Publishers, of the various services available on the Platform.

These Terms incorporate MonadPlug Limited’s Privacy PolicyCookies Policy as well as any other policies published on the Website, so by accepting these Terms, you agree with and accept all the policies published on the Website.

Parties to the Agreement

References in these Terms to “your” or “you” are to the person/entity who accepts these Terms and agrees to create accounts and use the services as set out in and under these Terms. You and MonadPlug shall together be referred to as the “Parties” and references to a “Party” shall be to the relevant one of them as the context requires.

Definitions and Interpretation

The following words and expressions used in these Terms shall have the following meaning, unless they are inconsistent with the context: -

“Account”

an account created by a Publisher on the Platform in order to use the Services.

“MonadPlug Ad Tag”

the piece of HTML or JavaScript code that is inserted into the Source Code that is designed to display or activate the Advertising Material on a Publisher’s Website.

“Advertiser”

a person or entity that creates an account on the Platform as an advertiser, uses the Services, and agrees to follow these Terms.

“Advertiser’s Website”

the website that a user is re-directed to after interaction with Advertising Material Implemented on a Publisher’s Website.

“Advertising Material”

the text, graphics, logos, designs, trademarks and copyrights for any type of advertising including, but not limited to, banners, text ads, landing pages, video ads, sites, pop-ups and pop-unders created by an Advertiser and any other advertising materials containing a hyperlink, which when implemented in a Publisher’s Website and clicked on by a web user, send the web user to the Advertiser’s Website.

“Applicable Law”

Bosnia And Herzegovina law or regulation or any other laws, rules or regulations of other territories or jurisdictions (as the case may be) and as may be amended from time to time.

“Business Days”

a day (other than a Saturday, Sunday or public holiday) where banks in Bosnia And Herzegovina are open for business.

“Confidential Information”

the terms of this Agreement, all matters relating or connected to its performance and all information or data of a Party, which is disclosed or otherwise comes into the other Party’s knowledge or possession directly or indirectly as a result of this Agreement and being of a confidential nature.

“Charges”

the sums payable for the Services, as set out clause 5.2.

“Dashboard”

the information management tool that visually tracks, analysis and displays key performance indicators, such as but not limited to the number of advertising impressions, clicks and actions, which is available to Publishers on the Platform.

“Implementation”

incorporation or integration of the Advertising Materials into the Publisher’s Website which enables web-users to view Advertising Materials or access any of the Advertiser’s Websites by clicking on the relevant Advertising Material as incorporated into the Publisher’s Website and “Implement”, “Implementing” and “Implemented” shall be construed accordingly.

“Inappropriate Content”

is not limited to content which promotes violence, promotes discrimination, promotes illegal activities, aimed at political ends, both party political advertising and political advocacy by non-partisan groups, infringes the Intellectual Property Rights of any person, involves malware, viruses or fishing offers or violates advertising regulations or rules of conduct, such as but not limited to advertising for or in connection with medicinal products for the purpose of the treatment, prevention or diagnosis of any disease.

“Intellectual Property Rights”

(i) patents, inventions, designs, copyright and related rights, database rights, trade marks and related good will, trade names (whether registered or unregistered), and rights to apply for registration;

(ii) proprietary rights in domain names;

(iii) knowhow and Confidential Information;

(iv) applications, extensions and renewals in relation to any of these rights; and

(v) all other rights of a similar nature or having an equivalent effect anywhere in the world.

“Revenue Share”

the percentage (%) of Fees (as such term is defined in clause 5.1), less MonadPlug’s commission, as determine by MonadPlug from time to time.

“Platform”

the platform created by MonadPlug, which is available through the Website, for Advertisers and Publishers.

“Publisher”

a person or entity that creates an account on the Platform as a publisher, and who is responsible for the distribution of Advertising Material on Publisher’s website.

“Publisher’s Websites”

the web sites or applications which are owned or operated by a Publisher or are contractually part of a Publisher’s syndication network in order to Implement Advertising Materials.

“Services”

the services provided by the Publisher’s, which include the following:

i) distributing Advertising Material on Publisher’s Website; and;

ii) any other services which are incidental to the above services.

“Source Codes”

MonadPlug’s source codes required to allow Implementation.

“Website”

the domain of www.monadplug.com, or such other domain(s) as MonadPlug may determine from time to time to provide the Services.

In these Terms unless otherwise specified: -

  • references to clauses are to clauses of these Terms;
  • a reference to a sub-clause is to a sub-clause of the clause in which such reference appears, to a paragraph is to a paragraph of the sub-clause in which such reference appears and to a sub- paragraph is to a sub-paragraph of the paragraph in which such reference appears;
  • a reference to any statute or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified, or re-enacted after the date of these Terms;
  • references to writing shall include any models of reproducing words in a legible and non-transitory form;
  • references to the plural or singular shall be interchangeable as circumstances require; and
  • headings are for convenience only and do not affect the interpretation of these Terms

Services

In order to become a Publisher and offer the Services you must register and create an Account with us.

You agree to provide accurate and complete information about yourself during the registration process and you also agree not to impersonate another person or entity, and not to hide your identity from MonadPlug for any reason whatsoever. If you register as a commercial entity, you declare that you have the required authority to bind that entity to this Agreement. When you open an Account, MonadPlug may ask that you provide certain documents to identify yourself and to verify the information you have submitted to us upon registration, such as identification card or a passport, a utility bill, a bank statement or any document proving their identity issued by a governmental body. MonadPlug reserves the right to refuse or reject a registration, at its own discretion.

You are only allowed to register to become a Publisher and/or use the Services if you are eligible in accordance with the laws of your jurisdiction or under the laws of any other jurisdiction to which you may be subject. MonadPlug has no obligation or capability to, and therefore does not, verify whether you are eligible to use any of the Services and we shall not bear any responsibility for your use of the Services.

We may directly or indirectly (through third parties), make any inquiries as we consider necessary to check the relevance and accuracy of the information provided for verification purposes.

By becoming a Publisher and/or using any of the Services you agree to be bound by these Terms which represent a binding legal contract between the Parties. You hereby agree to the use of electronic communication in order to enter into contracts, place orders and other records and to the electronic delivery of notices, policies and records of transactions initiated or completed through our application and platforms. Furthermore, you hereby waive any rights or requirements under any laws or regulations in any jurisdiction which require original (non-electronic) signature or delivery or retention of non-electronic records, to the extent permitted under applicable mandatory law.

Publishing

Publishers are able to use the Services in order to Implement Advertising Materials. In this regard, MonadPlug grants you a non-exclusive, worldwide, royalty-free, fully paid up right and license to use the MonadPlug Ad Tag on a Publisher’s Website.

MonadPlug shall have the right in its sole and absolute discretion to review and approve a Publisher’s Website which has been submitted on the Platform. In this regard, MonadPlug shall have the right in its sole and absolute discretion to refuse to accept a Publisher’s Website which it either disapproves of, or is deemed to be in breach of these Terms. MonadPlug may refuse to accept a Publisher’s Website for many reasons, such as but not limited to:

websites that are under construction, incomplete or with extremely limited audiences or viewership;

websites that infringe on any third-party rights or breach Applicable Laws (including but not limited to copyright and trademark laws and general rights to privacy);

websites which contain Inappropriate Content; and

websites which promote any goods or services that are illegal (“Illegal Content”), such as but not limited to:

i. human trafficking;

ii. money laundering, terrorist financing, proliferation of weapons of mass destruction;

iii. any goods of services that are illegal or the promotion, offer or marketing of which is illegal

or that are offered in connection with illegal content, depict children or minors in sexual postures, depict means of propaganda of signs of unconditional organizations glorifying war or violating human dignity;

iv. any goods or services, promotion, offer or marketing of which would violate copyrights, industrial property rights or other rights of any person;

v. archaeological findings;

vi. drugs, narcotics or hallucinogens;

vii. weapons of any kind;

viii. illegal gambling services;

ix. Ponzi, pyramid or any other “get rich quick” schemes;

x. goods that are subject to any trade embargo;

xi. media that is harmful to minors and violates laws and, in particular, the provision in respect

of the protection of minors;

xii. body parts or human remains;

xiii. protected animals or protected plants; or

xiv. any other illegal goods, services or transactions.

You are responsible for ensuring that a Publisher’s Website which has been submitted on the Platform does not feature any Inappropriate Content.

You hereby expressly agree that a Publisher’s Website which has been submitted on the Platform does not and shall not infringe on any third-party rights or breach Applicable Laws (including but not limited to copyright and trademark laws and general rights to privacy). You also agree that a Publisher’s Website which has been uploaded on the Platform is not and shall not be offensive or defamatory or unlawful in any other way.

MonadPlug shall notify the Publisher, via the Dashboard, of its approval (“Approval”) of a Publisher’s Website which has been submitted on the Platform. Following an Approval MonadPlug shall provide the Publisher with the MonadPlug Ad Tag Ad Tags to allow the Publisher to Implement the Advertising Materials.

Following Implementation, the Adverting Materials may start generating impressions/clicks/actions.

The Publisher shall place the MonadPlug Ad Tag on all appropriate pages within the Publisher’s Website. A Publisher shall not alter the MonadPlug Ad Tag in any way without MonadPlug’s prior written consent. The MonadPlug Ad Tag may not be used on a web page other than one located on a Publisher’s Website which has been approved by MonadPlug on the Platform and may not be distributed or submitted to any newsgroup, e-mail distribution list, chat room, guest books or any other location without MonadPlug’s prior written consent.

MonadPlug has zero tolerance against SPAM of any kind, including but not limited to unsolicited e-mails, bulletin boards (forum) spam, chat or messengers spam or comments spam. You are responsible for ensuring that a Publisher’s Website which has been submitted on the Platform does not contain SPAM of any kind. MonadPlug reserves the right to terminate your account, in accordance with clause 7.1, if a Publisher’s Website contains SPAM of any kind.

Payments

MonadPlug collects fees from Advertisers (the “Fees”), calculated as follows:

An Advertiser may choose between any of the following three pricing models:

  1. Cost-Per-Mille – cost per 1,000 impressions (“CPM”);
  2. Cost-Per-Action – cost per 1 conversion (“CPA”);
  3. Cost per Click (“CPC”).

Each pricing model shall be referred to as a “Charge Event”.

An Advertiser shall also set the price for the Advertising Material (the “Price”). The charge shall be calculated having regard to the applicable Charge Event and Price.

For example, if an Advertiser has opted for CPM and has set the price at $1.00, the Advertiser shall be charged a fee of $1.00 for every 1,000 impressions.

A Publisher shall be entitled to the Revenue Share received from the applicable MonadPlug Ad Tag (the “Net Fees”). By providing the Services you agree to accept the relevant Charges. You acknowledge and agree that the payment obligations hereunder are based solely on:

the number of impressions/clicks/actions, as determined solely by MonadPlug,

MonadPlug receiving the Fees from the Advertisers,

and not on any other criteria. You shall be able to view the number of impressions/clicks/actions via your Dashboard.

You acknowledge and agree that MonadPlug may make adjustments to the number of impressions/clicks/actions in case of software errors, server downtime or under any other circumstance that caused discrepancy in the number of impressions/clicks/actions, in order to remedy and rectify any inaccuracies in the number of impressions/clicks/actions.

You acknowledge and agree that MonadPlug may make adjustments to the balance in your Account in the event that there is a chargeback received from an Advertiser, as this will reduce the Fees received from the Advertisers and accordingly the amount of the Revenue Share.

MonadPlug may, in its sole and absolute discretion, offer you custom Net Fees, custom Payment Dates and custom Minimum Net Fee (each a “Custom Term”). Any Custom Term must be agreed in writing between the Parties. You undertake to MonadPlug that you shall not disclose any of the information contained in a Custom Term to any third party.

MonadPlug shall pay the Publisher the Net Fees bi-monthly in arrears on the 1st and 16th day of each month (collectively “Payment Dates” and each a “Payment Date”) on a NET15 basis provided that each Payment Date falls on a Business Day. If a Payment Date does not fall on a Business Day, the payment shall be made on the next Business Day following the relevant Payment Date.

Payments shall be made to the bank account, payment service provider account or debit/credit card registered on your Account.

In the event that the Net Fee is less than $100 (one hundred US Dollars) or $1,000 (one thousand US Dollars) (in the case of bank transfers) (the “Minimum Net Fee”), MonadPlug shall hold payment until the Net Fee exceeds the Minimum Net Fee. Once the Net Fees have exceeded the Minimum Net Fee, MonadPlug shall pay the Publisher the Net Fee on the next Payment Date.

MonadPlug has no control, and are not responsible for any fees or charges that may be imposed by a financial institution (such as a bank or other payment services provider) on the transfer of the Net Fees to a Publisher. You agree that any Net Fees received by you may be received net, after the deduction of any fees or charges imposed on the transfer.

MonadPlug may, on a Publisher’s written request, pay the Net Fees to the Publisher in a currency other than USD (for example, EUR, GBP or XBT), referring solely to such exchange rate as calculated by MonadPlug’s bank or payment provider (the “Conversion”). MonadPlug shall not be responsible or liable for any losses which may be suffered by you as a result of the Conversion, nor shall MonadPlug be liable for any errors in the rates of exchange provided by MonadPlug’s bank or payment provider.

MonadPlug shall, by method of self-billing, send you invoices in relation to each Payment Date. The invoices shall be generated automatically having regard to the Charges applicable for each Payment Date.

Any Publisher residing in the European Union who has provided a VAT number expressly warrants that such VAT number is, in its own country, valid for the issuance of VAT-exempt invoices to MonadPlug. The Publisher expressly accepts to be solely liable for any error, direct or indirect loss or damage arising from the inaccuracy or non-compliance of such data or the breach of any of the aforementioned warranties and, accordingly, the Publisher will hold MonadPlug harmless from any of the direct or indirect loss or damages. Publisher hereby confirms that another VAT invoice won’t be issued.

Publisher shall notify MonadPlug if his VAT registration number has changed or cancelled.

In case there is any claim, administrative proceeding from any authority, dispute or conflict, in any way due to the inaccuracy or non-compliance of any data provided by the Publisher, MonadPlug is expressly authorized to retain any payments due to the Publisher until such incident has been resolved.

Your Representations and Warranties

By becoming a Publisher and/or by using the Services you hereby agree, represent and warrant that:

you have read understood and accept these Terms;

you have the necessary authority and consent to accept these Terms, to enter into a binding agreement with MonadPlug and to perform the obligations set out herein;

if you are an individual, you have sufficient legal capacity (in your jurisdiction) to accept these Terms and to enter into a binding agreement with MonadPlug on the terms set out herein;

you shall not attempt to obtain fees by using methods to artificially and/or fraudulently inflate the volumes of impression/clicks/actions. These methods include, but are not limited to:

i) framing an ad-banner’s click-through destination;

ii) auto-spawning of browsers, running ‘spiders’ against the Publisher’s Website; or

iii) using any technique of generating fraudulent clicks/impressions/actions as determined by MonadPlug in its sole and absolute discretion

you shall not edit or modify any information in any Advertising Materials or Ad Tags including, but not limited to, changing the size of the Advertising Material or making Advertising Material partially or fully invisible;

you shall not use the Services to promote any Illegal Content;

you are the owner or are licensed to use the Publisher’s Website;

you shall not interfere with or attempt to interrupt the proper operation of the Platform or the Services through the use of any virus, device, information collection or transmission mechanism, software or routine, or access or attempt to gain access to any data, files, or passwords related to the Services through hacking, passwords or data mining, or any other means;

using the Services is not unlawful or prohibited under the laws of your jurisdiction or under the laws of any other jurisdiction to which you may be subject and your use of the Services shall be in full compliance with applicable laws (including, but not limited to, in compliance with any tax obligations to which you may be subject in any relevant jurisdiction);

you will comply with any applicable tax obligations in your jurisdiction arising from your use of the Services;

you will monitor all and any changes to your Account and take all steps to maintain and ensure the confidentiality of your Account’s credentials, including, but not limited to passwords, emails and/or usernames;

you will immediately inform us of any unauthorized use of your Account or password, or any other breach of security by email addressed to [email protected]

you are responsible for any and all damages caused, and all liability actions brought against MonadPlug for any breach infringement of these Terms or of any third-party rights or violation of any Applicable Laws;

nothing in these Terms excludes or limits the liability of the Publishers for fraud, death or personal injury caused by their negligence, breach of the Terms implied by operation of law or any other liability which may not be limited or excluded by law;

any errors or malfunctions caused by or otherwise related to the Services including your own failure to properly maintain or use your Account may result in the loss of any Net Fees due to you;

you will provide MonadPlug with correct and relevant documents and personal information upon request. In case you provide counterfeit documents and false personal information, such behavior will be interpreted as a fraudulent activity; and

you are responsible for implementing all reasonable and appropriate measures for maintaining the confidentiality and security of your Account name, user ID, passwords, personal identification and mobile unlock codes that you use to access the Platform.

Suspension or Termination

For cause

We reserve the right to suspend or terminate your Account if we have reason to believe or suspect that you are in breach of these Terms or other legal obligation (including fraudulent) without prior notice or liability. We also reserve the right to change, suspend or discontinue all or any part of the Services at any time without prior notice or liability.

Further, should your Account be suspended or terminated you will lose access to your Account and will not be able to undertake any transaction on the Platform.

You understand and agree that you may not be able to access any of the Services if your Account is suspended. In case the cause of the suspension is resolved by us, we shall restore your Account and restore your access to your Account. We shall not be liable to you for any consequential or indirect loss (such as loss of profits or opportunity) you may incur as a result of your account being suspended.

We further reserve the right in our sole discretion, to refuse or cancel any of our Services, and/or refuse to distribute profits (including Net fees) to any person for legitimate reasons, including, without limitation:

  • if we have reason to believe that your activities or use of the Services may be illegal;
  • if we may be harmed by any fiscal or pecuniary damage due to your activities on or through the Services; or
  • if we consider that you have used the Services in a manner which contravenes any of these Terms at our sole discretion.
  • If we terminate your Account in accordance with clause 7.1, you surrender your right to receive payment of any balance standing to your credit in your Account and we shall be under no obligation to refund any balance held in your Account.

Without cause

Either Party may, without prejudice to any other rights they may have, by giving five (5) Business Days’ notice in writing to the other Party, terminate this Agreement without cause.

Subject to clause 7.4, on termination of this Agreement, in accordance with clause 7.6, we shall pay any Net Fees due to you up to the date of termination, provided that the amount is above the Minimum Net Fee, and this shall be paid to you on the next Payment Date following the date of termination. If the Agreement is terminated by MonadPlug, we shall pay any Net Fees due to you, even if the amount is below the Minimum Net Amount.

Intellectual Property

In this clause 8, “MonadPlug IP Rights” means in relation to MonadPlug, the Platform and Services, all: (i) patents, inventions, designs, copyright and related rights, database rights, knowhow and confidential information, trademarks and related goodwill, trade names (whether registered or unregistered), and rights to apply for registration; (ii) all other rights of a similar nature or having an equivalent effect anywhere in the world which currently exist or are recognized in the future; and (iii) all applications, extensions and renewals in relation to any such rights.

MonadPlug shall grant the Publisher an unlimited, non-exclusive, fully transferable, sub-licensable, worldwide, royalty-free, fully paid up right and license to use the Platform.

Except as expressly set out in these Terms, you are not entitled, for any purpose, to any MonadPlug IP Rights. We shall at all times retain ownership, including all rights, title and interests in and to the MonadPlug IP Rights and you understand and accept that by using the Services pursuant to these Terms you shall not:

  • acquire or otherwise be entitled to any MonadPlug IP Rights;
  • make a claim in respect of any MonadPlug IP Rights or any other equivalent rights; or
  • use, attempt to use, copy, imitate or modify (whether in whole or in part) any MonadPlug IP Rights, except with our prior written consent.

Indemnity

To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless MonadPlug and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “MonadPlug Parties”) from and against any and all claims, demands, actions, damages, losses, costs and expenses (including reasonable professional and legal fees) that arise from or relate to:

  • your use of the Services and/or Platform under these Terms;
  • the performance or non-performance of your responsibilities or obligations under these Terms;
  • your breach of any of the terms and conditions set out in these Terms; or
  • your breach of any rights of any other person or entity.

MonadPlug reserves the right to exercise sole control over the defense, at your sole cost and expense, of any claim subject to an indemnity set out in clause 9.1.

The indemnity set out in this clause 9 is in addition to, and not in lieu of, any other remedies that may be available to MonadPlug under Applicable Law.

Disclaimers

To the fullest extent permitted by applicable law and except as otherwise specified in writing by us:

  • the Services and/or Platform are available on an “as is” and “as available” basis, without any warranties or representations of any kind, and we expressly disclaim all warranties and representations relating to the Services (whether express or implied), including, without limitation, any implied warranties of skill, care, diligence, quality and suitability, fitness for a particular purpose and non-infringement;
  • we do not represent or warrant that the Services and/or Application is reliable, current or defect- free, meet your expectations, or that any defects will be corrected;
  • we provide no warranties or assurances with respect to the (i) placement or performance of any Advertising Materials; or (ii) the number of views/clicks or conversions;
  • we are not responsible for the accuracy of the information present on any of the Services and the use of the Services is at your own discretion and risk; and

MonadPlug may from time to time carry out routine and emergency maintenance of the Website and/or Platform. MonadPlug shall give the Publisher as much notice of any routine or emergency maintenance as is reasonably possible and where reasonably possible shall endeavor to perform routine maintenance in such a way as to cause minimal disruption to the Publisher.

Limitation of Liability

To the fullest extent permitted by Applicable Law, in no circumstances shall:

MonadPlug or any of the MonadPlug Parties (where applicable) be liable for any direct, indirect, special, incidental or consequential loss of any kind (including, but not limited to, loss of revenue, income, business or profits, loss of contract or depletion of goodwill, loss of anticipated savings, loss of use or data, or damages for business interruption or any like loss) arising out of or in any way related to:

1) the use of Services and/or the Platform or otherwise related to these Terms, regardless of the cause of action, whether based in contract, tort (including negligence), breach of statutory duty, restitution or any other legal or equitable basis (even if MonadPlug or any of the MonadPlug Parties have been advised of the possibility of such losses and regardless of whether such losses were foreseeable);

2) delays or disruptions to the Services and/or Platform, including but not limited to, the unavailability or suspension of the Platform for the performance of routine or emergency maintenance;

3) viruses or other malicious software obtained by accessing the Services or Platform;

4) the content, actions, or inactions of third parties;

5) a suspension or other action taken with respect to your Account;

6) your need to modify practices, content, or behaviors, or your loss of or inability to do business, as a result of changes to these Terms;

7) illegal actions and operations of third persons performed using counterfeited and/or illegal documents or illegally received data;

the aggregate liability of MonadPlug and the MonadPlug Parties (jointly), whether in contract, tort (including negligence), breach of statutory duty, restitution or any other legal or equitable basis, arising out of or relating to these Terms or the use of or inability to use the Services, exceed the total amount of Net Fees paid to you from you under this Agreement in the last three (3) months; and

the limitations and exclusions of liability set out in clause 11.1 shall not limit or exclude liability for the gross negligence, fraud or intentional, willful or reckless misconduct of MonadPlug, nor shall it limit or exclude any losses for which, as a matter of Applicable Law, it would be unlawful to limit or exclude liability.

We shall not bear any liability for any damage or interruptions caused by any computer viruses, spyware, or other malware that may affect your computer or other equipment, or any phishing, spoofing, or other attack. We advise the regular use of a reliable virus and malware screening and prevention software. If you question the authenticity of a communication purporting to be from MonadPlug, you should login to your Account through the Website, not by clicking links contained in emails.

Taxation

You are solely responsible for determining whether any action or transaction contemplated by these Terms or related to the Services will give rise to any tax implications on your part.

You are also solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any/or all other taxes to which you may become liable to the appropriate tax authorities in such jurisdiction(s) in which you may be liable to pay tax howsoever arising. MonadPlug shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from any action or transaction contemplated by these Terms or related to the Services.

Force Majeure

Neither MonadPlug nor any member of the MonadPlug Companies shall be liable or responsible to you, or be deemed to have breached these Terms, for any failure or delay in fulfilling or performing its obligations under these Terms, if and to the extent such failure or delay is caused by, results from or is otherwise connected to acts beyond its reasonable control, including, without limitation: (a) acts of God; (b) flood, fire, earthquake or explosion; (c) war, invasion, hostilities (whether war is declared or not), terrorist, hacking or cyber threats, attacks or acts, or other civil unrest; (d) any laws, statutes, ordinances, rules, regulations, judgments, injunctions, orders and decrees; or (e) action by any nation or government, state or other political subdivision thereof, any entity exercising legislative, regulatory, judicial or administrative functions of or pertaining to government, including, without limitation, any government authority, agency, department, board, commission or council.

Security

You are solely responsible for maintaining the confidentiality of your Account, including, but not limited to a password, email, wallet address, balance and all activity including transactions made through your Account. MonadPlug personnel will never ask you to disclose your password. Any message you receive or website you visit that asks for the password, other than on the Application, should be reported to MonadPlug.

It is advisable to change your password regularly (at least every three (3) to six (6) months) in order to reduce the risk of a security breach in relation to your Account. MonadPlug also advises you not to choose a password that is easily guessed from information someone might know or gather about you or a password that has a meaning. You must never allow anyone to access your Account or watch you accessing your account.

You must take reasonable care to ensure that your e-mail account(s) are secure and only accessed by you, as your e-mail address may be used to reset passwords or to communicate with you about the security of your Account.

Miscellaneous

We may amend these Terms from time to time, including where there are changes to the Services or as may be otherwise required by any laws or regulatory requirements to which we are subject. The changes will become effective and shall be deemed accepted by the Account Holder, the first time the Account Holder uses the Services after the publishing of the revised Terms and shall apply on a going-forward basis with respect to any activity initiated after publishing. In the event that an Account Holder does not agree with any such modifications, the Account Holder’s sole and exclusive remedy is to terminate the use of the Services and close the Account.

If any term, clause or provision of these Terms is found to be illegal, void or unenforceable (in whole or in part), then such term, clause or provision shall be severable from these Terms without affecting the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms, which shall remain in full force and effect.

These Terms constitute the entire agreement between the Parties in relation to its subject matter. These Terms replace and extinguish any and all prior agreements, draft agreements, arrangements, warranties, statements, assurances, representations and undertakings of any nature made by, or on behalf of the Parties, whether oral or written, public or private, in relation to that subject matter.

You acknowledge that by accepting these Terms, you have not relied on any oral or written statements, warranties, assurances, representations or undertakings which were or may have been made by or on behalf of MonadPlug in relation to the subject matter of these Terms at any time before your acceptance of them (“Pre-Contractual Statements”), other than those set out in these Terms. You hereby waive any and all rights and remedies which might otherwise be available in relation to such Pre-Contractual Statements.

Nothing in these Terms shall be deemed to create any form of partnership, joint venture or any other similar relationship between you and MonadPlug and/or other individuals or entities involved with the development and deployment of the Services.

These Terms and any dispute or claim arising out of or in connection with their subject matter or formation (including non-contractual disputes and claims) shall be governed by and construed in accordance with Bosnia And Herzegovina Law.

The Parties irrevocably agree that the Bosnia And Herzegovina courts shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with these Terms or their subject matter or formation (including non-contractual disputes and claims).