Oru Coin

Terms and Conditions

This agreement (the “ORU Market Policy") describes the terms on which ORU Market and its affiliates (“ORUMARKET") offer you access to its environment entitled ORU Marketplace. This offer is conditioned on your agreement to all of the terms and conditions contained in this ORU Market Policy, ORU Marketplace Terms of Service (the "Terms"), and the ORU MARKET Privacy Policy. (the "Privacy Policy"), including the policies, terms, and dispute resolution procedures linked to or otherwise referenced therein (collectively, the "Agreements"), If you do not so agree, you should decline this ORU Market Policy, in which case you are prohibited from accessing or using the ORU Marketplace.


In the event of a conflict amongst the Agreements, the Terms of Service shall control except as expressly provided otherwise. All capitalized terms have the meanings set forth in these Terms and Conditions, unless otherwise stated.


CONTENT LICENSES AND INTELLECTUAL PROPERTY RIGHTS

ORU Market owns Intellectual Property Rights in the ORU Marketplace.

In addition to ORU Market's ownership of the Intellectual Property Rights set forth in the Terms of Service, you understand and agree that without a license agreement with ORU Market, we do not authorize you to make use of the ORU Marks. Use of the ORU Marks in whole or in part, including without limitation “ORU MARKET," "ORU," and the ORU logo, is subject to the guidelines and terms of any applicable license provided in the ORU Market Trademark Guidelines and ORU Market Brand Center.

FEE AND BILLING POLICY

ORU Quantum (ORU) are individually coded widgets that we license as a product. Each ORU is a software product representing contractual permission from ORU Market to access features and benefits in the ORU Marketplace. ORU are available for Purchase or distribution at ORU Market’s discretion and are redeemable for monetary value in the ORU Marketplace and affiliated ORU benefit offerings.  

Each ORU that you may acquire constitutes a limited license granted to you by ORU Market to access and use content, applications, services, benefits and various user-created features and content in the ORU Marketplace and is digitally represented in the ORU Marketplace as an individually coded widget that can be traded and/or transferred in the ORU Marketplace with other members (and/or ORU Market) in exchange for permission to access and use specific content, applications, services, benefits and various user-created features and content, in each case in accordance with this ORU Market Policy and the Terms. ORU are transferable by the holder to any other member, provided that both members comply with these Terms, maintain their member accounts in good standing, and are not delinquent on any account payment requirements. Except as expressly permitted by this ORU Market Policy or otherwise expressly permitted by ORU Market, ORU may not be sublicensed, encumbered, conveyed or made subject to any right of survivorship or other disposition by operation of law or otherwise, and you agree that any attempted disposition in violation of these Terms is null and void. ORU Market may revoke any ORU at any time without notice, refund or compensation in the event that: (i) ORU Market determines that fraud or other illegal conduct is associated with the member’s account; (ii) ORU Market imposes a fixed time period during which the license rights provided by the ORU may be exercised; (iii) the member’s account is terminated for violation of these Terms; or (iv) the member becomes delinquent on any of the member’s account payment requirements, ceases to maintain an active membership or terminates any of the Agreements.

You acknowledge that ORU are not a government issued currency or any type of legal government currency substitute or financial instrument but instead a product designated as a medium of exchange software, specificaly created for and only applicable to ORU Market and its members alone, and are not redeemable for any sum of money from ORU Market at any time. You agree that ORU Market has the right to manage, regulate, control, and/or modify the license rights underlying such ORU as it sees fit, and may revalue or make such license rights more or less common, valuable, effective, or functional, and the ORU Market will have no liability to you based on its exercise of this right. ORU Market makes no guarantee as to the nature, quality or value of the features and benefits of the ORU Marketplace that will be accessible through the use of ORU, or the availability or supply of ORU. As ORU Market deems necessary, in its sole and absolute discretion, we may limit the total amount of ORU that may be purchased at any one time, and/or limit the aggregate amount of ORU that may be held in your account.

ORU Marketplace may offer an ORU QUANTUM exchange ( the ORU Exchange ), which shall be subject to the terms and conditions applied by an applicable Payment Service Provider.

The ORU Exchange refers to an aspect of the ORU Marketplace through which ORU Market permits ORU to be purchased by a member or exchanged by a member with ORU Market. You acknowledge that your use of the ORU Exchange is subject to the terms and conditions set forth by an applicable Payment Service Provider. If you do not so agree, you are prohibited from accessing or using the ORU Exchange.

ORU Market or its Payment Services Provider may halt, suspend, discontinue, or reverse any ORU Exchange transaction (whether proposed, pending or past) in cases of actual or suspected fraud, violations of other laws or regulations, or deliberate disruptions to or interference with the ORU Marketplace.

Any purchase or sale of ORU through any means other than the ORU Exchange or ORU indicated sources is not permitted and is considered a violation of these Terms which may result in suspension or termination of your member account.