Effective Date: December 2024
Service Provider: TBUSD Inc., a Wyoming corporation
1. Nature of Service
TBUSD Escrow provides smart contract infrastructure on the Base blockchain. The smart contracts are:
- Fully immutable (cannot be modified after deployment)
- Self-executing (operate according to their code)
- Non-custodial (TBUSD Inc. never holds or controls user funds)
- Provided "as-is" without warranty of any kind
2. User Acknowledgments
By using this service, you acknowledge and agree that:
- You understand how blockchain transactions and smart contracts work
- You have verified all wallet addresses before creating an escrow
- Blockchain transactions are irreversible
- TBUSD Inc. cannot intervene in, modify, or reverse any escrow transaction
- The smart contract code is the sole authority governing escrow outcomes
- You are solely responsible for your choice of escrow type and counterparty
3. Indemnification
You agree to indemnify, defend, and hold harmless TBUSD Inc., its officers, directors, employees, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from or related to:
- Your use of the escrow smart contracts
- Any dispute between you and your counterparty
- Funds lost due to incorrect addresses, user error, or smart contract behavior
- Any violation of these terms or applicable law
- Any third-party claims related to your escrow transactions
4. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, TBUSD INC. SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES RESULTING FROM YOUR USE OF THIS SERVICE.
IN NO EVENT SHALL TBUSD INC.'S TOTAL LIABILITY EXCEED ONE HUNDRED DOLLARS ($100).
5. No Arbitration or Dispute Resolution
TBUSD Inc. does not provide arbitration, mediation, or any form of dispute resolution between escrow parties. Disputes must be resolved between the parties directly or through legal proceedings. The smart contract's execution is final.
6. Governing Law
These terms are governed by the laws of the State of Wyoming, USA. Any legal proceedings shall be brought exclusively in the courts of Wyoming.
7. Assumption of Risk
You expressly assume all risk associated with using blockchain technology, smart contracts, and cryptocurrency. This includes but is not limited to: smart contract bugs, blockchain network issues, wallet security, and market volatility.
8. Modifications
TBUSD Inc. may modify these terms at any time. Continued use of the service constitutes acceptance of modified terms. Smart contracts already deployed remain immutable regardless of term changes.