Vellicore Network Disclaimer & Liability Limitation
This service is provided by an independent decentralized collective without legal entity status. All use is governed by these terms and applicable laws.
1. As-Is Service Provision
Relevant Law:• UCC § 2-316 (Implied Warranty Disclaimers)
• Restatement (Second) of Torts § 402A (Product Liability)
"Services are provided 'AS IS' and 'AS AVAILABLE' without warranties of merchantability, fitness for purpose, or non-infringement. We disclaim all liability for service interruptions, data loss, or technical failures per Article 6 of the UNIDROIT Principles on Digital Assets."
2. Investment Disclaimer
Relevant Regulations:• SEC Act § 2(a)(1) (Security Definition)
• Howey Test Criteria (Investment Contract Analysis)
"Tokens constitute utility assets, not investment instruments. No prospectus has been filed with any regulatory authority. Users acknowledge understanding of FINRA Rule 2111 on suitability and agree to seek independent financial advice."
3. Legal Compliance
Key References:• FATF Travel Rule (Recommendation 16)
• GDPR Articles 3-4 (Extraterritorial Jurisdiction)
"Users assume sole responsibility for compliance with:
• Tax reporting (IRC § 6045 crypto asset regulations)
• Local digital asset laws (per FATF guidance)
• Data protection (GDPR/CCPA where applicable)"
4. Cybersecurity & Data
Legal Basis:• NIST Cybersecurity Framework
• EU NIS2 Directive Art. 21
"While implementing industry-standard encryption (AES-256, TLS 1.3), we disclaim liability for breaches per Article 32 GDPR mitigation requirements or CFAA § 1030 unauthorized access incidents."
5. Service Modifications
Governance Reference:• Delaware Blockchain Statute (Title 6, § 5003)
"Being open-source software, updates or discontinuations may occur without notice. Force majeure events are excluded per UCC § 2-615 commercial impracticability doctrine."
6. Third-Party Services Compliance Note:
• FTC Endorsement Guides (§ 255.5)
"External integrations are non-vetted. We disclaim liability under EC Directive 2000/31/EC (mere conduit status) and 47 U.S.C. § 230 (third-party content)."
7. User Conduct
Enforcement Basis:• Computer Fraud and Abuse Act (18 U.S. Code § 1030)
• FINCEN Guidance on Suspicious Activity Reporting
"Prohibited activities include money laundering (BSA § 5318), sanctions evasion (OFAC regulations), or fraud (18 U.S.C. § 1343). Violations will trigger automated reporting to relevant authorities."