These terms and conditions (“Terms”) govern your use of the https://www.Arakis.global (“the Website”) operated by Arakis (“the Company”). By accessing or using the Website, you agree to be bound by these Terms. If you do not agree with any part of these Terms, please refrain from using the Website.
User Eligibility and Account Registration
- To access certain features of the Website, you may be required to create an account. You agree to provide accurate and up-to-date information during the registration process. You are responsible for maintaining the confidentiality of your account credentials and are fully responsible for all activities that occur under your account.
Intellectual Property Rights
- The Website and its contents, including but not limited to text, graphics, logos, images, software, and RST listings, are the intellectual property of the Company and are protected by applicable intellectual property laws.
- The RSTs available on the Website are owned by the Company or its licensors. Ownership of an RST does not confer any ownership rights in hotels, airlines, or any other real-world assets.
- You acknowledge and agree that the RSTs available on the Website are solely for the purpose of sharing the booking commission with the RST holder, as determined by the Company.
RST Listings and Transactions
- The Company may provide a platform for users to buy, sell, and trade RSTs.
- Users are solely responsible for conducting their own due diligence before engaging in any RST transaction. The Company shall not be liable for any losses, damages, or disputes arising from RST transactions conducted through the Website.
Investment and RST Ownership
- The RSTs available on the Website may provide opportunities for public investment, allowing individuals to earn booking commissions generated through the platform.
- By purchasing or owning an RST on the Website, you acknowledge and agree that:
- The RST represents a limited, non-exclusive, and revocable right to participate in the booking commission program.
- Ownership of an RST does not confer any ownership rights or equity stake in the Company, its assets, or the underlying hotels, airlines, or any other real-world entities associated with the booking commission program.
- The investment potential associated with the RST is subject to market risks, and the Company does not guarantee any returns or profits.
- The Company reserves the right to modify the terms and conditions of the investment program, including but not limited to commission rates, payout structures, or investment eligibility criteria, at its discretion.
- The Company shall not be held liable for any financial losses or damages incurred as a result of investing in or holding the RSTs available on the Website.
- The Company shall distribute booking commissions to the RST holders based on the terms and conditions specified in the investment program.
- The booking commission payouts may vary depending on factors such as booking volume, revenue generated, and other criteria determined by the Company.
- The Company reserves the right to modify or terminate the commission program at any time, provided that reasonable notice is given to the RST holders.
- RST holders shall comply with any tax obligations or regulatory requirements related to the receipt and reporting of commission payouts. The Company shall not be responsible for any tax liabilities arising from the distribution of commissions.
- You agree not to use the Website for any unlawful or unauthorized purposes, including but not limited to:
- Violating any applicable laws, regulations, or third-party rights.
- Uploading or distributing any content that is defamatory, obscene, or violates any person’s privacy.
- Engaging in any fraudulent or deceptive activities.
- Interfering with or disrupting the integrity or performance of the Website.
Disclaimer of Warranties
- The Website and its contents are provided on an “as is” and “as available” basis. The Company makes no representations or warranties of any kind, express or implied, regarding the Website’s operation or the accuracy, completeness, or reliability of any information or content on the Website.
- The Company does not warrant that the Website will be uninterrupted, error-free, or free from viruses or other harmful components. You acknowledge that your use of the Website is at your own risk.
Limitation of Liability
- To the maximum extent permitted by applicable law, the Company and its officers, directors, employees, agents, and affiliates shall not be liable for any direct, indirect, incidental, consequential, or special damages arising out of or in connection with your use or inability to use the Website, even if advised of the possibility of such damages.
- The Company’s total liability to you for any claims arising out of or related to these terms or your use of the Website shall not exceed the amount paid by you, if any, for accessing or using the Website.
- You agree to indemnify and hold the Company and its officers, directors, employees, agents, and affiliates harmless from any claims, damages, losses, liabilities, costs, or expenses (including attorneys’ fees) arising out of or related to your use of the Website, violation of these Terms, or infringement of any third-party rights.
Modifications and Termination
- The Company reserves the right to modify or discontinue the Website, or any part thereof, at any time without prior notice.
- The Company may also update or modify these Terms from time to time, and such modifications shall be effective immediately upon posting on the Website. Your continued use of the Website after any modifications to these Terms constitutes your acceptance of the revised Terms.
Governing Law and Jurisdiction
- These Terms shall be governed by and construed in accordance with the laws of British Virgin Island. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of British Virgin Island.
- Severability If any provision of these Terms is found to be unenforceable or invalid under any applicable law, such provision shall be deemed modified to the extent necessary to make it enforceable, and the remaining provisions of these Terms shall remain in full force and effect.
- These Terms constitute the entire agreement between you and the Company regarding your use of the Website and supersede any prior or contemporaneous agreements, communications, or understandings, whether oral or written, between you and the Company.