Agreement on Issue of Digital Messages (Digital Orders)
By accepting the present offer, you, hereinafter the "Issuer" and Forwint Solutions Ltd., the company performing processing services of the PAYMER system, hereinafter the "Operator", enter into the Agreement for the following:
Order is a digital bearer order 100% backed by assets of the agreed type (equal to the order amount) and transferred to the Operator until its partial or complete redemption. The Order is a unique digital code. The presentment of Order to the Operator through the System implies the Issuer's request to pay the assests backing the Order to the Bearer in accordance with Rules;
Operator is the holder of assets backing issued Orders;
Issue of Orders is creation of digital orders by means provided by the System and their transfer as payment means to any third party ready to accept them;
Split of Orders is the process of splitting Orders allowing the Bearer to generate a new digital Order (Orders) by use of technical means provided by the Operator;
Bearer is any individual that was the first to present a digital Order to the Operator in order to split/change/redeem it with the help of the Operator's hard and software.
2.1. The Operator shall render services to you as Issuer on paid basis. The Operator provides the Issuer with access to its hard and software complex allowing to issue and put in circulation unique digital Orders in the amount equal to the amount of assets transferred to the Operator. The issuer shall transfer the assets to the Operator and shall make all operations necessary to issue and put the Order in circulation. The system shall transmit the Order to the Issuer.
2.2. When you've put Orders in circulation, the Operator, on behalf of the System, will render splitting, verification and redemption services to any third party.
2.3. The parties shall agree that the Bearer - any individual concluding an Agreement with the Operator and being the first to present this digital Order to the System for splitting or redeeming - is deemed a possessor of this Order.
3.1. The Issuer (you) can:
3.2. The Issuer is obliged to:
3.3.The Operator is obliged to:
3.4. The Operator can:
4.1. The parties to the agreement agree that all settlements are made by the Operator’s deducting a part of the assets transferred by the Issuer.
4.2. The transfer of the reserve backing issued Orders and payment for the Operator’s services is made in assets of the agreed type transferred to the Operator’s details in the corresponding payment system.
4.3. The System transfers unique digital Orders to the Issuer (you) by providing secured access to a special web page, when the payment, stipulated in the Agreement, has been made to the Operator.
5.1. The Issuer (you) is considered the possessor of an Order issued with help of the hard and software of the System. The Issuer is liable for its safety and circulation since the moment of its receipt (acceptance).
5.2. The Issuer is solely responsible for the use of his Order, including the administrative, criminal or any other responsibility for any illegal actions violating laws the country of his residence.
5.3. The Issuer is responsible for the falsification of his identity and/or for entering knowingly false details in any agreements signed by him in accordance with applicable international laws.
5.4. The Issuer is responsible for the use of identification means that do not belong to him in order to issue Orders in accordance with applicable international laws.
5.5. The Operator’s liability cannot exceed the amount of the reserve transferred by the Issuer to the Operator in the course of the digital Order issue.
5.6. The System is not responsible for the Issuer's loss of the Order caused by:
5.7. The System can disclaim liabilities under this Agreement if the Issuer falsifies his identity and/or enters other inaccurate, incomplete or knowingly false details in the Agreement.
6.1. The present agreement is considered concluded after the acceptance of this offer on the PAYMER website.
6.2. The Agreement is automatically dated by the real moment of its acceptance by the Issuer.
6.3. The Agreement is considered preliminary until the parties complete settlements in accordance with section 1.1 of the Agreement.
6.4. The parties agree to acknowledge all the documents used in the PAYMER system in the electronic form, including this agreement, as valid and legally equivalent to corresponding documents in writing.
6.5. The Issuer becomes the possessor of the Order at the moment when the Issuer confirms the receipt of the digital Order by making the payment in accordance with section 4 of the Agreement.
6.6. The representative of the System is obliged to make a paper copy of the present Agreement on Issuer's demand as soon as the latter presents a valid document confirming his identity in accordance with applicable laws of the country of his residence and signs the paper copy of the Agreement.
7.1. The Agreement takes effect when accepted by the Issuer in accordance with sections 6.1, 6.2 and 6.3 and is terminated upon the execution.
7.2. Legal relations that are not regulated by the Agreement and Rules but that are directly connected with its execution are subject to applicable international laws.
7.3. Any dispute arising between the parties in relation to this agreement shall be settled in court in accordance with applicable international laws.