These Terms and Conditions (‘Agreement’) constitute a legally binding agreement between you (‘User’) and Safe Burse. By accessing or using the Safe Burse escrow service, you agree to be bound by the terms and conditions outlined below.
1. Definitions
In these terms and conditions, the following terms shall have the meanings set out below:
a. “Safe Burse Limited” means our company, which is registered in Nigeria under company registration number RC 7132020 and provides escrow services to users.
b. “Client” means any person or entity using our escrow services to facilitate a transaction.
c. “Transaction” means any agreement, arrangement, or contract between two or more parties, where funds are held by Safe Burse Limited until certain conditions are met.
2. Services Provided
Safe Burse Limited will provide the following services to Clients:
a. Hold funds in escrow until the agreed-upon conditions are met.
b. Release funds to the appropriate party once the conditions are met.
c. Provide assistance and support to Clients to resolve disputes arising from the transaction.
3. Fees
Safe Burse Limited charges fees for its services. The fees will be communicated to the Client before the commencement of the transaction. The fees may be adjusted from time to time, and any changes will be communicated to Clients before the next transaction.
4. Limitation of Liability
Safe Burse shall not be held liable for any legal issues arising between the Buyer and the Seller. The Buyer and the Seller specifically agree to indemnify and hold harmless Safe Burse from any loss, claim, lawsuit, and/or judgment, which Safe Burse might suffer by reason of either the Seller or the Buyer failing to meet their obligations as stated herein.
By accepting any milestones, you have confirmed that you are satisfied with the quality of work.
5. Disputes
In the event of a dispute arising from the transaction, Clients are encouraged to resolve the dispute amicably. If a resolution cannot be reached, Safe Burse Limited may provide assistance to the parties in the dispute. However, Safe Burse Limited shall not be liable for the outcome of the dispute.
6. Confidentiality
Safe Burse Limited shall keep all information related to the transaction and the parties involved confidential. However, Safe Burse Limited may disclose such information if required by law.
7. Termination
Safe Burse Limited may terminate its services at any time if it determines that the Client has violated these terms and conditions or if required by law.
8. Governing Law
These terms and conditions shall be governed by and construed in accordance with the laws of Nigeria. Any dispute arising from the transaction shall be resolved in accordance with the laws of Nigeria.
9. Modification
Safe Burse Limited reserves the right to modify these terms and conditions at any time. Any changes will be communicated to Clients before the next transaction.
10. Contractual Capacity
To enter into a contract with Safe Burse Limited, you must be at least 16 years old. If you are under the age of 18, you must have the consent of your parent or legal guardian.
11. Events Outside Our Control
We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under a Contract that is caused by events outside our reasonable control (“Force Majeure Event”).
A Force Majeure Event includes any act, event, non-happening, omission or accident beyond our reasonable control and includes in particular (without limitation) the following:
- Strikes, lock-outs or other industrial action.
- Civil commotion, riot, invasion, terrorist attack or threat of terrorist attack, war (whether declared or not) or threat or preparation for war.
- Fire, explosion, storm, flood, earthquake, subsidence, epidemic or other natural disaster.
- Impossibility of the use of railways, shipping, aircraft, motor transport or other means of public or private transport.
- Impossibility of the use of public or private telecommunications networks.
- The acts, decrees, legislation, regulations or restrictions of any government.
Our performance under any Contract is deemed to be suspended for the period that the Force Majeure Event continues, and We will have an extension of time for performance for the duration of that period. We will use our reasonable endeavours to bring the Force Majeure Event to a close or to find a solution by which our obligations under the Contract may be performed despite the Force Majeure Event.
12. Entire Agreement
These terms and conditions and any document expressly referred to in them represent the entire agreement between us in relation to the subject matter of the Contract and supersede any prior agreement, understanding or arrangement between us, whether oral or in writing.
We each acknowledge that, in entering into a Contract, neither of us has relied on any representation, undertaking or promise given by the other or be implied from anything said or written in negotiations between us prior to such Contract except as expressly stated in these terms and conditions.
Neither of us shall have any remedy in respect of any untrue statement made by the other, whether orally or in writing, prior to the date of any Contract (unless such untrue statement was made fraudulently) and the other party’s only remedy shall be for breach of contract as provided in these terms and conditions.
13. Written Communications
Applicable laws require that some of the information or communications We send to you should be in writing. When using our site, you accept that communication with us will be mainly electronic. We will contact you by e-mail or provide you with information by posting notices on our website. For contractual purposes, you agree to this electronic means of communication and you acknowledge that all contracts, notices, information and other communications that We provide to you electronically comply with any legal requirement that such communications be in writing. This condition does notaffect your statutory rights.
14. Terms of Service and Privacy Policy
Please read the Terms of Service and Privacy Policy carefully before using the Site. By using the Site, opening an account, or by clicking to accept or agree to the Terms of Service when this option is made available to you, you accept and agree, on behalf of yourself or on behalf of your employer or any other entity (if applicable), to be bound and abide by these Terms of Service and Safe Burse Escrow Terms.
15. Escrow Contracts
By choosing to use our escrow contract, you fully accept all terms within the escrow contract. These terms cannot be amended. If you choose to upload your own contract, Safe Burse cannot be held liable and shall not be implicated in any way during the contractual agreement.
16. Service Provider Recommendations
Safe Burse may recommend service providers who offer additional services at a fee. You may use these service providers at your discretion. Safe Burse will not be held liable for any incorrect information, loss of earnings, loss of property, or any other material. Safe Burse recommends that you seek legal advice from a trained professional before choosing to accept any milestone as completed.
17. Intellectual Property Rights
Unless otherwise stated, Safe Burse and/or its licensors own the intellectual property rights for all material on Safe Burse. All intellectual property rights are reserved. You may access this from safeburse.com for your own personal use, subject to restrictions set in these terms and conditions.
- Republish material from Safe Burse website.
- Sell, rent, or sub-license material from Safe Burse website.
- Reproduce, duplicate, or copy material from Safe Burse website.
- Redistribute content from Safe Burse website.
18. Support
If you have any questions or concerns, please contact our support team at support@safeburse.com.
Limitation on Liability
IN NO EVENT WILL SAFE BURSE, ITS AFFILIATES OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE SITE, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE SITE OR SUCH OTHER WEBSITES OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE SITE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT OR OTHERWISE, EVEN IF FORESEEABLE.
THE FOREGOING DOES NOT AFFECT ANY LIABILITY WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
By using Safe Burse’s escrow service, you acknowledge and agree to abide by these Terms and Conditions. Safe Burse reserves the right to update or modify these Terms and Conditions at any time without prior notice. It is your responsibility to regularly review these terms to ensure your continued compliance. If you do not agree to these terms, you must not access or use the Safe Burse escrow service.