These Terms and Conditions of Use (these “Terms and Conditions”) set forth the terms and conditions for the services to change text (meaning letters, words, sentences, symbols and any other character strings; the same applies hereinafter) displayed on the digital artwork entitled, the “Matter is Void”, created by teamLab Inc.(“teamLab”) on the website, [https://www.teamlab.art/matter-is-void-owner/] (the “Website”) operated by teamLab based on the non-fungible token (the “NFT”) on the right to modify the text.
Article 1Application of These Terms and Conditions
- 1.These Terms and Conditions shall apply to any and all relationships related to the use of the Services entered into by and between customers who wish to use the Services (“you”, “your” or “customer”) and teamLab.
- 2.Customers of the Services are obliged to comply in good faith with these Terms and Conditions as well as rules of etiquette and morals and technical rules imposed generally on users of the Internet.
- 3.Our privacy policy (https://www.team-lab.com/en/privacy/) shall apply to the handling of personal information that teamLab obtains in connection with these Services.
Article 2Definitions
The following terms used herein shall have the meanings ascribed below, respectively.
- (1)“NFT Purchase Agreement” means the contract regarding the purchase and use of the NFT executed between you, as a customer, and teamLab.
- (2)“Intellectual Property Rights” mean copyrights, patent rights, utility model rights, design rights, trademark rights and any other intellectual property rights (including the right to acquire such rights or to apply for registration of such rights and know-how).
- (3)“teamLab”, “us” or “our” means teamLab Inc.
- (4)“NFT Art” means the digital artwork entitled, the “Matter is Void”, which is provided by teamLab through the App (if the name or content of the artwork is changed for any reason, this includes the artwork after such change).
- (5)“NFT Viewers” mean all individuals or corporate bodies who view the NFT Art through the App.
- (6)“Services” mean the services that modify the text displayed on the NFT Art at the Website by teamLab.
- (7)“App” means the application [name of application to be inserted] for personal computers for viewing the “Matter is Void”, which is produced by teamLab (if the name or contents of the app are changed for any reason whatsoever, the app after such change shall be included), and the installer program for the App for personal computers.
- (8)“NFT Sales Website” means the website (https://www.pacegallery.com/pace-verso/) on which teamLab sells the NFT.
- (9)“NFT Purchaser” means a customer who purchases an NFT with the right to change the text displayed on the NFT Art including customers who made purchases through secondary distribution transaction of the NFT.
- (10)“recommended operating environment” means the following operating environments. In the case of using the Services with an operating environment that is different from the recommended operating environment, you may interfere with the use of the Services.
Google Chrome Version 103.0.5060.134 or later
MetaMask Version 10.17.0 or later
- (11)”teamLab Group Companies” mean any affiliated companies that teamLab has a direct or indirect relationship with respect to capital, which include teamLab Engineering Inc., teamLab Kids Inc., teamLab Sales Inc., teamLab Architects Inc., and any other subsidiaries.
Article 3.User Environment
- 1.You shall, at your own responsibility and expense, prepare the necessary communication equipment, software, and a contract for internet connection, among others, for the use of the Services and prepare appropriate settings for characters, among others. teamLab shall not be liable for any results of the operation of the Services or any adverse effects resulting from your failure to meet the conditions set forth above.
- 2.teamLab shall not be responsible for any consequences that may arise if the Services do not operate properly due to circumstances such as your operating system, software, LAN environment, or any other conditions even if the conditions described in the preceding paragraph are met.
- 3.You shall be responsible for all communication fees and connection fees, etc. with respect to your use of the Services, such as viewing the NFT Art, and network blockchain charges as set forth in paragraph 4 of Article 4.
Article 4.Services
- 1.The NFT Purchaser may change the text displayed on the NFT Art by (i) agreeing to these Terms and Conditions on the Website and (ii) completing the procedures to change the text prescribed on the Website. To change the text displayed on the NFT Art, the NFT must have been provided to an Ethereum account recorded as the holder of the NFT. teamLab is not responsible for the unavailability of the Services due to a lack of holding an Ethereum account recorded as the holder of the NFT or otherwise not following the procedures prescribed by the Website.
- 2.Each page of text displayed on the NFT art can have up to 4 lines of up to 6 characters each, and up to a total of 100 pages can be displayed. Each page of text will be displayed sequentially at regular intervals on the NFT Art. Only characters as specified separately by teamLab can be used on the NFT Art.
- 3.The NFT Purchaser acknowledges that it may take some time for any changes made by the NFT Purchaser to the text displayed on the NFT Art to be reflected after the NFT Purchaser has completed the procedures to make such changes on the Website. The NFT Purchaser acknowledges and agrees that it may not raise any objections to such delays or make any claims to or against teamLab as a result of any such delays.
- 4.Each time the text displayed on the NFT Art is rewritten, a network fee for the blockchain (gas fees etc.) will be incurred and will be borne by the NFT Purchaser rewriting such text. The fee may vary depending on the number of characters in the text and as a result of the network congestion. teamLab shall not be responsible for any increase in such fee.
- 5.If an operating environment different from the recommended operating environment is used for the Services, problems, trouble, etc. regarding its use may occur, and teamLab will not be liable for such problems, etc. teamLab will also not be liable for any problems, trouble, etc. to any electronic equipment owned by the NFT Purchaser or any problems or trouble caused by the NFT Purchaser.
- 6.The NFT Purchaser may not include in all or any part of the text to be displayed on the NFT Art (i) any statement that violates any laws or regulations, (ii) any statement that encourages illegal conduct, or (iii) any statement that teamLab deems to be inappropriate.
- 7.teamLab shall be entitled to delete any display on the NFT Art without notice to the NFT Purchaser if any one of the following applies. The NFT Purchaser may not object to or make any claim to or against teamLab for any such deletion.
- (1)In the event that we determine that the NFT Purchaser has violated the foregoing paragraph;
- (2)In the event that we receive a warning from a third party that any display on the NFT Art infringes all or part of any Intellectual Property Rights, including copyrights, portrait rights, publicity rights and all other rights relating to texts, images, video, etc. of the third party or injures the reputation or credibility of the third party; and
- (3)In the event that deletion is ordered by a national or local governmental authority, or its contractor authorized by the applicable governmental authority.
- 8.Where any of the following items apply to an NFT Purchaser, teamLab may cease to provide all or any part of the Services to the NFT Purchaser without prior notice to the NFT Purchaser. The NFT Purchaser shall not object to or claim against teamLab with respect to such cessation of the Service provision:
- (1)where it is found that an NFT Purchaser has been subject to the Service cessation or otherwise due to a breach, etc. of these Terms and Conditions;
- (2)where an NFT Purchaser is found to have been late in meeting payment obligations or has failed to perform any other obligation owed to teamLab or teamLab Group Companies;
- (3)where any act set forth in Article 5 (Prohibited Matters) is carried out;
- (4)where an NFT Purchaser acts contrary to these Terms and Conditions, terms and conditions for the NFT Sales Website or any other contracts or terms and conditions entered into with teamLab or any teamLab Group Company ;
- (5)where teamLab determines that an NFT Purchaser is in appropriate for the Service for the operation and management of the Services;
- 9.Where any of the items in the preceding two paragraphs apply to an NFT Purchaser and teamLab or any teamLab Group Company suffer any damages, losses or expenses (including attorney’s fees) (“Damages”), teamLab shall be entitled to make a claim for Damages against such NFT Purchaser irrespective of whether the provision of the Services to the NFT Purchaser’s ceased.
Article 5.Prohibited Matters
- 1.You shall not engage in any of the following acts when using the Services. You shall indemnify teamLab, other customers, and other third parties for any Damages incurred by us, other customers, and other third parties arising out of or in connection with any of the following acts committed by you:
- (1)acts in violation of these Terms and Conditions;
- (2)acts that involve using the Services with electronic devices, etc., obtained by unauthorized means;
- (3)acts that are contrary to public order and morals, or that result in or may result in criminal acts;
- (4)acts that involve unauthorized access, transmission of large volumes of information, use of programs or tools that automatically repeat specific actions, or any other acts that hinder or may hinder the operation of the Services;
- (5)acts that may interfere with any services provided by teamLab;
- (6)acts that involve collecting, storing, and/or secondary use of personal information related to any third party, including the NFT Viewers;
- (7)acts that involve providing a name, telephone number, email address, etc., by impersonating a real or fictitious person;
- (8)acts that infringe on the Intellectual Property Rights, privacy, reputation, or credibility of any third party, including the NFT Viewers;
- (9)acts that cause any disadvantage, Damages or discomfort to teamLab, the NFT Viewers or any other third parties;
- (10)acts that involve engaging in unauthorized access to our networks or systems, etc.
- (11)acts that involve circumventing any of the authentication systems and security functions of the Services;
- (12)acts that involve reproducing, adapting, or altering, modifying or otherwise changing the Website or the NFT Art, or analyzing the source code of the Website or the NFT Art, such as reverse engineering or otherwise;
- (13)acts that involve providing information that is contrary to the facts or fictitious or false information;
- (14)acts that involve defaming or libeling teamLab, the Services, or the NFT, or that otherwise damage the credibility or reputation thereof;
- (15)acts that are not in accordance with socially accepted customs, common sense, or decency or otherwise inappropriate, in using, etc. the Services;
- (16)acts that involve direct or indirect provision of benefits to any Anti-Social Forces, etc. in relation to the Services;
- (17)acts that directly or indirectly cause or facilitate any of the preceding acts;
- (18)any attempt to undertake any of the preceding acts; or
- (19)any other acts deemed to be inappropriate by teamLab.
- 2.If teamLab finds that any of the prohibited acts in the preceding paragraph is committed by a customer, teamLab may cease to provide all or part of the Services to the customer involved in the prohibited acts, and teamLab shall not be liable for any Damages suffered by the relevant customer.
Article 6.Suspension, etc. of Provision of Services
- 1.teamLab may suspend or cease to provide all or part of the Services, without prior notice to customers, including the NFT Purchasers, if teamLab determines that any of the following events has occurred:
- (1)where the computer system pertaining to the Services is undergoing maintenance or inspection or is in the process of a system update, etc.;
- (2)where it becomes difficult to provide the Services due to force majeure events, such as earthquakes, lightning strikes, disaster caused by fire, power failures and so forth;
- (3)where a telecommunication carrier changes, ceases to provide, delays or abolishes their services or other similar cases;
- (4)where an accident occurs that causes the suspension of computers or communication lines, etc.;
- (5)where the Services are actually being or may be misused, or where it is necessary to prevent misuse by a third party; or
- (6)any other cases where teamLab deems it difficult to provide the Services.
- 2.teamLab shall not be liable for any disadvantages or Damages that you or any third party may suffer due to the suspension or cessation of the provision of the Services, without regard to the reason for it.
- 3.teamLab will have absolutely no liability for any problem that may occur in cases where while using the Services, you put your browser to a long sleep or close it; shut your computer down; or disconnect from your network.
Article 7.Use of Other Provider’s Services
When using the Services, you must use services designated by teamLab, such as teamLab’s designated NFT storage function and so forth. teamLab shall not be liable with respect to any services rendered by any provider other than teamLab.
Article 8.Intellectual Property Rights
- 1.Any and all Intellectual Property Rights concerning the Services, the Website or the NFT Art (including any fonts used for characters displayed on the NFT Art) shall be vested in teamLab and shall not be transferred by virtue of the use of the Services.
- 2.You shall not use, reproduce, duplicate, distribute, modify or otherwise handle in a similar manner all or any part of any or all information or images, etc. that you may obtain from use of the Services beyond the scope permitted by the Copyright Act of Japan or other related laws and regulations, without obtaining approval from teamLab or the person or entity that has the relevant rights in such information and/or images, etc.
- 3.If any dispute arises involving Intellectual Property Rights between you and any third party with regard to your use of the Services, you shall resolve the same at your own responsibility and expenses, and teamLab shall have absolutely no liability for such dispute.
- 4.Copyrights to any words, sentences, symbols, and other individual or strings of characters in texts displayed on the NFT Art by an NFT Purchaser through the Services shall be owned by such NFT Purchaser; provided, however, that teamLab shall have the right to use in its sole discretion (including, but not limited to, duplication, modification, and reproduction), free-of-charge, such words, sentences, symbols or other individual or strings of characters for our sales promotion, etc. without the necessity of securing any permission from such NFT Purchaser. Such NFT Purchaser hereby agrees to give permission for such use to both teamLab and third parties designated by teamLab and will not exercise any moral rights of the author or raise any objection whatsoever in regard to such use by teamLab or its designees.
Article 9.Disclaimer
- 1.teamLab makes no warranty whatsoever, whether express or implied, that the NFT Art will: be fit for any particular purpose of the NFT Purchaser; meet the expectations in respect of its functionality, commercial value, accuracy and usefulness; remain usable on a continuous basis; and be free of any defects (including, but not limited to, computer virus infections, security holes and any other similar defects, errors or bugs, infringement of rights, accidents in telecommunication lines, etc., and any other malfunctions, including, but not limited to, malfunctions or failures of computers, mobile devices or other servers on which data related to the NFT Art is stored). teamLab shall not bear any liability whatsoever for any non-conformity to the applicable contractual terms (including, but not limited to, cases where the subject matter in a contract does not conform to the terms of these Terms and Conditions with respect to the quantity, nature, shapes, functions and other aspects, the same shall apply hereafter) with respect to the NFT and Services which is the subject of the NFT Purchase Agreement.
- 2.When using the Services, you must first fully understand all of the provisions in these Terms and Conditions and shall be solely responsible for your use. teamLab will have absolutely no liability in cases where you or any third party may suffer death or any bodily harm, or any infringement or disadvantages on or to the rights to property, privacy or likeness or any other rights as a result of, or in connection with, your use or non-use of the Services.
- 3.In updating information disclosed for the Services, processing the systems or transmitting data, time lags or differences or errors in displaying or transmitting, etc. information disclosed for the Services may occur due to human errors etc. teamLab will have absolutely no liability for any Damages incurred by you or any third party due to the foregoing causes.
- 4.Should there be any delay or suspension, etc., in the provision of the Services due to either cessation or suspension of the Services as set forth in Article 6, or any other reasons, teamLab shall not be liable for any and all Damages incurred by you or any third party resulting therefrom.
- 5.Even if limitations are imposed upon the use of the Services pursuant to Article 4, paragraph 7 or Article, paragraph 2, teamLab shall not be liable for any and all Damages suffered by you or any third party that are incidental to such limitations.
- 6.For damages arising out of any failure to fulfill its obligations or illegal actions by teamLab (except where there is willful misconduct or grossly negligence of teamLab), teamLab are legally liable to compensate you up to the amount of ordinary and direct damages actually suffered by you, excluding any special or indirect damages, loss of profits, depreciation in value, Damages due to loss of business opportunity, or deterioration in reputation, etc.
- 7.All provisions in these Terms and Conditions which provide that teamLab shall not be liable for any and all damages you suffer shall be effective and applicable to the extent permitted under applicable laws and regulations.
Article 10.Change of Service Content etc.
teamLab may change the contents of the Services without notifying customers, and shall not be held liable for any disadvantages or Damages incurred by customers as a consequence thereof.
Article 11.Termination of the Services
- 1.teamLab may terminate the provision of the Services by giving you no less than one (1) months’ notice in accordance with the manner set forth by teamLab.
- 2.teamLab shall not be held liable for any Damages or disadvantages, etc. incurred by you, for any reason, caused by the termination of the Services.
Article 12.Amendment of these Terms and Conditions
teamLab reserves the right to amend these Terms and Conditions as it deems necessary. In the event of any amendments to these Terms and Conditions, teamLab will inform or notify you in advance of the date on which the amended Terms and Conditions shall take effect and the provisions of the amended Terms and Conditions by posting such information on the Website or by other appropriate means. Provided, however, that where certain changes require your consent under applicable laws and regulations, teamLab shall obtain your consent in a manner determined by teamLab.
Article 13.Antisocial Forces
- 1.You represent and warrant that each of the following items listed below is and will be true and correct at the time you consent to these Terms and Conditions and thereafter:
- (1)You do not have any capital relationship under any name whatsoever with any anti-social group such as an organized criminal group listed below, or any other party reasonably considered to be similar to them (the “Antisocial Forces”);
- (i)an organized criminal group, companies associated with organized criminal groups, corporate racketeers, any corporate swindler acting in the name of a social movement or a political movement, an antisocial group such as a violent group with special knowledge, its related parties, or those who are under the influence of such Antisocial Forces or its related parties;
- (ii)any entity which has been subject to or reasonably anticipated to be subject to dispositions under the Act on the Control of Organizations Which Have Committed Acts of Indiscriminate Mass Murder of Japan (Act No. 147 of 1999), a member of such entity, or any other person who is under the influence of such entity or a member of such entity;
- (iii)any person who has engaged in, or is suspected of engaging in the act of concealment and/or receiving of proceeds of crime, etc. prescribed in the Act on Punishment of Organized Crimes and Control of Proceeds of Crime of Japan (Act No. 136 of 1999);
- (iv)any person restricted from collecting claims defined in Article 24 paragraph 3 of the Money Lending Business Act (Act No. 32 of 1983), or any other person similar to it; or
- (v)any other entity which is similar to the abovementioned items, a member of such entity, or any other person who is under the influence of such entity or a member of such entity.
- (2)If you are a juridical person or other organization, you have not appointed or hired any person who belongs to any Antisocial Forces as an executive or an employee to the best of your knowledge.
- (3)If you are a juridical person or other organization, you are not aware of any facts or situations which lead to you having a reasonable belief that your management could be influenced by any Antisocial Forces.
- 2.You shall continue to comply with the following items in the future:
- (1)not have any capital relationship under any name whatsoever with any Antisocial Forces;
- (2)(if you are a juridical person or any other organization), not, knowing that such person belongs to any Antisocial Forces, appoint or employ such person who belongs to any Antisocial Forces as an officer or an employee; and
- (3)(if you are a juridical person or any other organization), immediately notify teamLab in writing upon becoming aware of any facts or circumstances which may lead your management to become influenced by any Antisocial Forces.
Article 14.Notification or Communication
- 1.Any notification or communication regarding the Services from teamLab to customers shall be made by posting on the Website or any other means teamLab deems appropriate.
- 2.Any notice to customers in the preceding paragraph shall be deemed to have been completed when it is posted on the Website.
- 3.Any notification or communication from you to teamLab shall be made in the manner prescribed by teamLab.
Article 15.Governing Law and Jurisdiction
- 1.The interpretation of these Terms and Conditions shall be governed by the laws of Japan.
- 2.The Tokyo District Court shall have exclusive jurisdiction in the first instance where any dispute arises between any customer and teamLab.
Effective: 6 October, 2022