Terms of Service

Welcome to VeriEscrow, a non-custodial escrow platform operated by Elysium Media FZCO, a company registered in Dubai Digital Park, Dubai Silicon Oasis, United Arab Emirates, under License No. 58510 and TRN 104956612600003. VeriEscrow provides only the software and smart contracts that enable secure transactions between parties. At no time do we have access to, control over, or custody of user funds.

By accessing or using our platform, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service. If you do not agree to these terms, you must not use our services.

We reserve the right to modify these terms at any time. Material changes will be notified via email or platform notification at least 30 days before taking effect. Continued use after changes constitutes acceptance.

VeriEscrow is a Software-as-a-Service (SaaS) platform that provides access to non-custodial smart contract escrow functionality. Our platform enables secure transactions between parties without the need for intermediaries—trust is guaranteed by the smart contract code itself, which executes automatically on the blockchain.

You must be at least 18 years old or the legal age of majority in your jurisdiction to use our services.

You must have the legal capacity to enter into binding contracts.

We may implement Know Your Customer (KYC) and Anti-Money Laundering (AML) verification procedures as required by applicable regulations. You agree to provide accurate information and documentation when requested.

You are solely responsible for ensuring that your use of the Platform complies with all applicable laws, regulations, and tax obligations in your jurisdiction.

Our fee structure is transparent and published on our pricing page. Protocol fees range from 0.5% to 1% depending on the service tier and volume.

Users are responsible for all blockchain network fees (gas fees) required to execute transactions. These fees are paid directly to network validators and are not collected by VeriEscrow.

We reserve the right to modify our fee structure with 30 days advance notice. Fee changes will not affect escrows already in progress.

Our smart contracts undergo independent security audits. However, no audit can guarantee the complete absence of vulnerabilities. Audit reports are available upon request.

Once deployed, smart contract code cannot be modified. While we implement upgradeable patterns where appropriate, certain core functionality is intentionally immutable for security.

The Platform provides a decentralized dispute resolution mechanism for escrow-related conflicts. Disputes are handled by qualified arbitrators according to predefined rules.

Arbitrator decisions are final and binding. By using the Platform, you agree to accept arbitration as the primary dispute resolution method for escrow-related matters.

The dispute resolution mechanism addresses only escrow-related disputes. Legal disputes regarding these Terms must be resolved according to Section 15.

The Platform, including its design, code, trademarks, and content, is owned by Elysium Media FZCO and protected by intellectual property laws.

We grant you a limited, non-exclusive, non-transferable license to use the Platform for its intended purpose.

You may not copy, modify, distribute, sell, or lease any part of our Platform without express written permission.

Certain components of our smart contracts may be released under open-source licenses. Such components are governed by their respective licenses.

Your use of the Platform is also governed by our Privacy Policy, which is incorporated into these Terms by reference.

For users in the European Economic Area (EEA), we comply with the General Data Protection Regulation (GDPR). You have rights to access, rectify, and delete your personal data where technically feasible.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, ELYSIUM MEDIA FZCO SHALL NOT BE LIABLE FOR:

• •Any loss of digital assets, profits, or data
• •Smart contract failures or vulnerabilities
• •Blockchain network issues or delays
• •Third-party actions or services
• •Force majeure events
• •Regulatory actions affecting your access or assets

In no event shall our total liability exceed the fees you paid to us in the 12 months preceding the claim.

Some jurisdictions do not allow limitation of liability for certain damages. In such cases, our liability is limited to the extent permitted by law.

You agree to indemnify, defend, and hold harmless Elysium Media FZCO, its officers, directors, employees, and agents from any claims, damages, losses, or expenses (including reasonable legal fees) arising from:

• •Your use of the Platform
• •Your violation of these Terms
• •Your violation of any applicable law or regulation
• •Your infringement of any third-party rights

You may stop using the Platform at any time. Active escrows will continue to operate according to their smart contract terms.

We may suspend or terminate your access to the Platform for violation of these Terms or applicable law, with or without notice.

Upon termination, your right to use the Platform ceases. However, existing smart contracts will continue to operate on the blockchain independently of your Platform access.

These Terms are governed by the laws of the United Arab Emirates.

Any disputes arising from these Terms shall be subject to the exclusive jurisdiction of the courts of Dubai, UAE.

Alternatively, disputes may be resolved through binding arbitration administered by the Dubai International Arbitration Centre (DIAC) in accordance with its rules.

These Terms, together with the Privacy Policy and Cookie Policy, constitute the entire agreement between you and Elysium Media FZCO regarding the Platform.

If any provision of these Terms is found unenforceable, the remaining provisions shall continue in full force and effect.

Our failure to enforce any provision does not constitute a waiver of that provision or any other provision.

You may not assign your rights under these Terms. We may assign our rights to any affiliate or successor entity.

Notices to you may be sent via email or Platform notification. Notices to us should be sent to [email protected].