Terms and Conditions of Use

Last update: September, 2024

Please read these Terms of Use (hereinafter referred to as the "Terms") carefully before using any services provided by Ivendpay S.R.O., a legal entity incorporated under the laws of the Czech Republic with registered number 19717563, including, but not limited to, the IVPAY website located at https://ivpay.io(hereinafter referred to as the "Website") and the mobile application (the "App").

If you do not agree with these Terms, you may not access or use the Website, the App, or any services provided on the Website or in the App. All information and services provided on the Website are offered strictly on an "as-is" basis, without any warranty whatsoever.

Please leave the Website and do not create an account if you do not agree with the terms and conditions outlined below.

CAUTION: THE RISK OF LOSS IN USING AND/OR HOLDING VIRTUAL ASSETS CAN BE SUBSTANTIAL. THEREFORE, YOU SHOULD CAREFULLY EVALUATE WHETHER YOU CAN BEAR THE RISK OF USING AND/OR HOLDING VIRTUAL ASSETS AND WHETHER IT IS SUITABLE FOR YOU. YOU ACKNOWLEDGE AND AGREE THAT YOU SHALL ACCESS AND USE THE SERVICES AT YOUR OWN RISK.

1. Definitions and interpretation

   1.1. Definitions
   1.1.1. The following capitalized definitions when used in this Agreement shall have the following meanings:
   (a) Agreementshall mean these Terms and Conditions as well as any annexes to them.
   (b) AML Policy– rules of conduct aimed at the prevention of money laundering and terrorism financing, developed by the Company in accordance with the Applicable Law, which construes an integral part of the Terms and can be accessed at AML Policy
   (c) Business dayshall mean any day except Saturday, Sunday and national holiday.
   (d) Feeshall mean the fee payable by the User to IVPAY for the provision of the Services, as provided in clause 4 of these Terms. (e) IVPAY or Companyshall mean IVPAY S.R.O, a legal entity incorporated under the laws of the Czech Republic with registered number 19717563, which provides access to the Services on the Platform.
   (f) IVPAY Platformshall mean an online platform created by IVPAY that offers Services of acceptance Virtual assets as a payment method in exchange for User’s goods or services.
   (g) IVPAY Websiteshall mean the website https://ivpay.io including all its sub-domains.
   (h) Partiesshall mean IVPAY and the User.
   (i) Servicesshall mean any services, provided on the IVPAY Platform by the Company, included but not limited, services of acceptance of Virtual assets as a payment method in exchange for User’s goods or services.
   (j) The Customershall mean any individual or business that the User provides services to or sells goods to, with payments processed through the IVPAY Platform.
   (k) The User or Youshall mean the individual or legal entity using IVPAY Platform or our Services (as defined below).
   (l) Virtual assetshall mean a digital asset owned by the Customer and used to make Payment via IVPAY Platform for the User’s services and/or products. (m) Virtual asset paymentshall mean payment made with Virtual asset. (n) Virtual asset Walletshall mean an IT solution that allows the Users and the Customers to send and respectively receive (and in specific cases hold) Virtual assets.
   (o) Withdrawalshall mean a transaction that transfers units of Virtual assets from User’s Account to external wallets.

   1.2. Interpretation

   1.2.1. References to Sections and Articles, unless stated or the context required otherwise, shall be construed as references to Sections and Articles of these Terms.
   1.2.2. References to Schedules, unless stated or the context required otherwise, shall be construed as references to Schedules of this Agreement.
   1.2.3. References to legal acts (if any) shall include references to any amendment, modification, extension, consolidation, replacement or re-enactment of any such legal act.
   1.2.4. In these Terms:
   (a) words importing the masculine gender include the feminine and the neuter and vice versa;
   (b) words in the singular include the plural and vice versa;
   (c) references to persons shall include legal persons, unincorporated associations and partnerships, in each case whether or not having a separate legal personality;
   (d) words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”.

2. Terms of Use Status and Acceptance

   2.1. These Terms constitute a legally binding agreement between the User and IVPAY.
   2.2. These Terms apply to any and all Services, information, texts, and other products, offered on the Website and in the App by IVPAY.
   2.3. By accessing the Website, opening an Account on the Website, or ticking the "I agree to the Terms of Use and Privacy Policy" checkbox, you agree to be bound by these Terms and confirm that you have read, understood, and accepted all the provisions of these Terms, as well as provisions of our Privacy Policy, AML Policy, and other legally binding document publicly available on the Website.
   2.4. You cannot use the Website, the App, or create the Account if you have not read, understood, and accepted all the provisions of these Terms.
   2.5. IVPAY may change, remove, or add the context of the Terms and reserves the right to do so in its sole discretion. All new and/or revised provisions of the Terms take effect immediately and apply to your use of the Website, the Account and the Services from that date on. Please, check these Terms regularly to be aware of all current provisions of these Terms.
   2.6. IVPAY may notify you about significant changes in these Terms. This can be done by posting a notification on the Website or sending you an e-mail (if appropriate).
   2.7. IVPAY may also send you reminder emails to complete your profile or account setup if you have initiated but not completed the onboarding process. These communications are part of our legitimate interest to help you finalize your registration and access our Services.

3. IVPAY Services

IVPAY provides the following services on the Platform (collectively – “Services”):

3.1. IVPAY provides the User with software and/or hardware (such as POS systems or vending machines) that enables it to accept virtual assets as payment for goods and services.
3.2. IVPAY processes Virtual assets transactions based on the instructions provided by the User. Such instructions shall include the type of virtual asset, transaction amount, and recipient wallet address. IVPAY shall ensure that all transactions are securely initiated, verified, and completed in compliance with the User’s provided instructions, ensuring the accurate and efficient execution of each transaction as per the User’s specified parameters.
3.3. The User acknowledges and agrees that IVPAY is not responsible for any errors in the information provided, such as incorrect recipient addresses or transaction amounts. Furthermore, IVPAY shall not be liable for any delays or failures in processing transactions caused by factors beyond its control, including but not limited to network congestion or force majeure events.

1. Fees

   4.1. IVPAY will charge a 1% fee on the total value of each Virtual asset payment made by the User's Customer through the IVPAY Platform. IVPAY reserves the right to deduct this fee immediately upon the execution of the transaction by subtracting it from the amount to be transferred to the User's account.
   4.2. IVPAY may, at its sole discretion, reduce the fee based on the volume of transactions processed by the User through the IVPAY Platform. In such cases, the Parties will negotiate the fee, which will be specified in an Additional Agreement.

2. Usage of IVPAY Platform

   5.1. Registration

   5.1.1. In order to start using the IVPAY Platform the User should register the Account at IVPAY Platform and complete the verification procedure.
   5.1.2. The User shall maintain the confidentiality of their account credentials and shall immediately notify IVPAY of any unauthorized use or security breach.
   5.1.3. The User is prohibited from granting access to their account to any third party without authorization.

   5.2. Access to Services and Verification Requirements
   5.2.1. To gain access to the Services provided on the Website, the User must submit specific information and documentation and complete a verification procedure. For further details, refer to the AML Policy.
   5.2.2. The Company reserves the right, at its sole discretion, to request additional or updated information and documentation at any time. Failure to comply with such requests may result in the suspension or termination of Services and/or account access.
   5.2.3. The User is solely responsible for ensuring the accuracy, validity, and completeness of all submitted information and documentation. The User must promptly notify the Company of any errors, changes, or updates to the previously submitted information or documents.
   5.2.4. All information and documentation submitted by the User will be processed in accordance with the Company’s Privacy Policy. 5.2.5. By using the IVPAY Platform, the User agrees that IVPAY has the right to share a list of the User's business locations where the platform is used. This information may be shared with third parties as needed for business purposes, marketing, or other operational needs.

   5.3. Prohibited Use of IVPAY Platform and Prohibited Business
   5.3.1. In connection with User’s use of IVPAY User agrees not to engage in the following Prohibited Uses. This list is non-exhaustive, and the Company reserves the right to modify it at any time. Company has sole discretion to determine whether an activity falls into one of these categories:
   (a) Unlawful Activity: Actions which violate, or would assist in violation of, any law, statute, ordinance, or regulation; activity which would publish, distribute or disseminate any unlawful material or information.
   (b) Abusive Activity: Actions which impose an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information; transmit or upload any material to our computer systems, networks or sites that contain viruses, trojan horses, worms, or any other harmful or deleterious programs; attempt to gain unauthorized access to our computer systems, networks or sites or our other customers’ Accounts, computer systems or networks connected to us, through any other means; interfere with another individual's or entity's access to or use of the Services; use information of another party to access or use our computer systems, networks or sites, except in the case of specific Users which are specifically authorized by a user to access such user's Account and information; transfer your Account access or rights to your Account to a third party, unless by operation of law or with the express written permission of IVPAY; or harvest or otherwise collect information from our computer systems, networks or sites about others, including without limitation email addresses, without proper consent.
   (c) Abusive Actions Against Others: Actions which defame, abuse, extort, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of others; incite, threaten, facilitate, promote, or encourage hateful or violent acts against others.
   (d) Fraud:Actions which operate to defraud us, our users, or any other person; provide any false, inaccurate, or misleading information to us.
   (e) Intellectual property infringement:Transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the law, including but not limited to sales, distribution, or access to counterfeit music, movies, software, or other licensed materials without the appropriate authorization from the rights holder; use of any IVPAY intellectual property, name, or logo, including use of IVPAY trade or service marks, without express consent from IVPAY or in a manner that otherwise harms IVPAY or any IVPAY brand; any action that implies an untrue endorsement by or affiliation with IVPAY.
   5.3.2. Prohibited Business.In addition to the Prohibited Uses, the following categories of businesses, business practices, and items for sale are prohibited from the Services:
   (a) Drugs and drug paraphernalia (e.g., narcotics, controlled substances, and any equipment designed for making or using drugs), pseudo-pharmaceuticals; substances designed to mimic illegal drugs.
   (b) Weapons, munitions, gunpowder and other explosives (including fireworks)
   (c) Toxic, flammable, and radioactive materials;
   (d) Pseudo-pharmaceuticals;
   (e) Dating, escort, pornographic or other adult entertainment;
   (f) Cannabinoids;
   (g) Chemicals and related products;
   (h) Pyramid and investment schemes, multi-level marketing schemes, and other unfair, predatory or deceptive practices;
   (i) Items used for speculation or hedging purposes (such as derivatives);
   (j) Credit and collection services;
   (k) Items that infringe or violate any intellectual property rights such as copyrights, trademarks, trade secrets, or patents, including counterfeit or unauthorized goods;
   (l) Products and services with varying legal status from state to state.

   5.4. Withdrawing

   5.4.1. The User may withdraw Virtual asset balance to an external wallet by sending a withdrawing request in its account on IVPAY Platform. The User shall be solely responsible for entering the correct Virtual assets address for Withdrawing.
   5.4.2. The User may withdraw Virtual asset balance to a bank account converting it to fiat currency.
   5.4.3. The agreed amount of Virtual assets to be exchanged will be indicated on the invoice issued to the User.
   5.4.5. We reserve the right to set minimum and maximum exchange amounts for a single transaction, with such limits clearly indicated on the Website.
   5.4.6. A fee applies for withdrawals, which will always be shown to User in the Platform before submitting the withdrawal request.
   5.4.7. Payments in Virtual assets will be sent to the User designated wallet address during 4 hours maximum following the withdrawal request.

   5.5. Account Closure & Suspension

   5.5.1. The User can close their Account at any time, entirely at their discretion
   5.5.2. Before closing the Account, the User must withdraw all assets to external wallets.
   5.5.3. The Company retains the right to suspend the User’s Account in the following situations:
   (a) If the Company has reasonable grounds to believe the Account has been compromised or for any security-related concerns.
   (b) If the Company suspects the Account is being accessed by an unauthorized individual.
   (c) If the User does not adhere to these Terms or any related documents.
   (d) If the User provides false, incomplete, misleading, or inaccurate information.
   (e) If the User or their Account poses regulatory risks to the Company.
   (f) If there are reasonable suspicions of fraud or violations of Applicable Law by the User.
   (g) For any other reasons that constitute a breach of these Terms or Applicable Law.
   (h) If a User's account is inactive for 6 months, the Company can treat it as abandoned. The Company may delete the account and all its data. Before doing this, we will send an email to the User 30 days in advance, giving them a chance to reactivate the account to avoid deletion.

   5.5.4. The Company may, but is not required to, inform the User of the reasons for the Account suspension. Any remaining assets will be transferred to external wallets according to the information provided by the User to the Company’s customer support
   5.5.5. The User remains responsible for all applicable Fees in the event of Account closure or suspension.
   5.5.6. The Company is not liable for any losses incurred by the User due to Account closure or suspension.

3. Relationship between the User and the Customer

   6.1. The User shall be responsible to complete the Customer’s order in a timely and due manner and in the quality that is usually expected of such services and/or products. The User shall ensure the accuracy and appropriateness of the information provided by the User to the Customer, including, but not limited to the information about the services and/or products provided by and invoices issued by the User.
   6.2. No contractual relationship will arise between IVPAY and the User’s Customer out of User’s use of the Services. User will therefore be solely responsible for any and all consumer protection regulations that may apply in the relationship with User’s Customer.
   6.3. The User is responsible for any obligations regarding the Customer due diligence and origin of funds for their customers and associated purchases, according to their jurisdictional obligations.
   6.4. The User shall be responsible for receiving and processing any claims from Customers regarding the User’s services or products. Such claims shall be settled directly between the User and the Customer and should not involve IVPAY.
   6.5. The User should satisfy the Customer’s claim for refund if it corresponds to the contractual provisions established between the User and the Customer. IVPAY is not liable for User’s failure to satisfy Customer’s claim for refund. The User can ask IVPAY to make a refund to the Customer’s Wallet on behalf of the User by sending the request to info@ivendpay.io
   6.6. The User shall, at the User’s expense, indemnify, defend and hold harmless IVPAY (including its officers, directors, employees, agents and sub-contractors (if any)), its affiliates and Customers against any loss, cost, expense or liability (including, but not limited to attorney’s fees and awarded damages) arising out of claims that the usage of IVPAY Platform and/or acceptance of Virtual asset payment infringe or violate the rights of the Customers or any third parties associated to the Customers.

4. Representations and Warranties

   7.1. The User represents and warrants that:

   7.1.1. The individual accepting these Terms on behalf of the User is of the age of majority, and has all necessary power, capacity and authority to bind the User hereto;
   7.1.2. The User has all necessary rights, power, authority and ability to enter into and fulfil obligations under this Agreement.
   7.1.3. The User’s business entity is duly organized, validly exists, is in good standing under the laws of the state and country of its formation, and is duly qualified and in good standing in each jurisdiction in which the conduct of its business requires it to so qualify;
   7.1.4. The User shall ensure that use of IVPAY Platform does and at all times will comply with all applicable anti-money laundering/anti-terrorist funding compliance laws and regulations, including, without limitation, all OFAC-administered sanctions programs and any other sanctions programs that may apply to the User based on the jurisdiction(s) in which the User operates the business and serve the customers;
   7.1.5. The User will accurately and in compliance with the applicable law describe the use of personal information and the use of the Services in accordance with the Privacy Policy.
   7.1.6. The User will be solely responsible for obtaining any information required by its customers, as well as their eligibility;
   7.1.7. The User will fulfil all obligations to each of its own customers and will resolve any dispute or complaint directly with its own customers;
   7.1.8. All information that the User has provided to us, and may from time to time provide to us, is and shall continue to be true and complete, and shall be timely updated and corrected to maintain its status as true and complete.

   7.2. IVPAY represents and warrants that:

   7.2.1. IVPAY has the right, power and authority to enter into this Agreement and to grant the rights contemplated in this Agreement and to supply the Services to the User;
   7.2.2. IVPAY will comply with laws and regulations applicable to the operation of its business and performance of its obligations under this Agreement.
   7.2.3. IVPAY will provide the Services with reasonable care and skill;
   7.2.4. IVPAY does not warrant or represent that the Services will be free from errors and interraptions.

5. Use of and rights to trademarks

   8.1. All rights to the trademarks of IVPAY Platform and any other software (if any) provided by IVPAY to the User shall belong to IVPAY.
   8.2. The User shall be entitled to use IVPAY’s trademarks in connection with its marketing of products and/or services that can be paid for through IVPAY Platform (e.g. to use stickers at the User’s place, in other marketing material). The trademarks shall not be used for any other purpose unless otherwise agreed in writing with IVPAY. The trademarks must always be displayed in their original, correct layout.
   8.3. The use of the trademarks must not violate the IVPAY’s rights to the trademarks and must not create the impression that the products and/or services are sponsored, produced, offered, sold or otherwise supported by IVPAY.
   8.4. The User shall have no other rights – such as ownership or intellectual property rights – to the trademarks beyond to the above-mentioned right of use.
   8.5. On expiry or termination of this Agreement, the User shall cease its use of the trademarks.

6. Intellectual property rights

   9.1. IVPAY shall be the owner of IVPAY Platform and any other applications (if any) provided by IVPAY. Proprietary rights and other intellectual property rights that may be attached to IVPAY Platform and any other application (if any) provided by IVPAY shall belong exclusively to IVPAY.
   9.2. This Agreement shall not be an author’s agreement or proprietary rights agreement. The User shall gain no author’s rights, proprietary rights or the rights attached to the author’s rights or proprietary rights or any other rights that would constitute intellectual property rights in relation to IVPAY Platform and/or other applications except the right to use IVPAY Platform and/or application (if any) provided by IVPAY as required under this Agreement.
   9.3. Any and all modifications of IVPAY Platform and/or any other applications (if any) provided by IVPAY developed during the term of the Agreement shall be safeguarded under provisions of Art. 9.1.
   9.4. In relation to Arts. 9.1 – 9.3, the User shall not:

   1. make any copies IVPAY Platform and/or other applications provided by IVPAY other than permitted under the Agreement and to the extent that it is required to exercise the User’s rights (if any such rights shall be assigned) under the Agreement; nor
   2. modify, adapt, reverse engineer, decompile or disassemble, create derivative works of, publish, distribute or commercially exploit IVPAY Platform and/or other applications provided by IVPAY; nor
   3. remove any copyright or proprietary notices on IVPAY Platform and/or other applications (if any) provided by IVPAY; nor
   4. use, distribute or disclose confidential, personal or sensitive information within the content of IVPAY Platform and/or other applications (if any) provided by IVPAY without appropriate authority;
   5. make any unlawful or unauthorized use of IVPAY Platform and/or other (if any) provided by IVPAY (including attempt to gain unauthorized access, introducing any computer virus or malware or inhibiting their operation).
      9.5. In the event of any of the above situations indicated in Arts. 9.4.1– 9.4.5, the User shall be liable to reimburse any direct and indirect damage and losses of IVPAY related to such event. Notwithstanding the foregoing, any such event shall constitute a material breach of the Agreement and shall grant IVPAY the right to immediately terminate the Agreement irrespective of the terms and conditions of the termination indicated in the Agreement and to block any access to IVPAY Platform and other applications (if any) provided by IVPAY if IVPAY shall consider that necessary to safeguard IVPAY’s intellectual property and to avoid any further damages and losses of IVPAY.

7. Data protection

   10.1. In order to provide services IVPAY collects, uses, stores and otherwise processes information about the User as permitted by the legal acts of the Czech Republic. IVPAY collects, uses, stores, and otherwise processed information about the User according to IVPAY Privacy Policy.
   10.2. IVPAY commits to respect and preserve all User’s rights as data subject at all times.
   10.3. IVPAY commits to protect User’s personal data and disclose it only when it is necessary to execute this Agreement or it is required by the Agreement or applicable law. User expressly authorizes IVPAY to store, process, use and transmit to third parties the information required to execute this Agreement. 
   10.4. The User confirms that it has entered correct data about itself in every required form and that afterwards, when changing or adding any data at the Website, the User will enter only correct data. The User is obliged to inform IVPAY in writing immediately in case any information IVPAY holds about the User is inaccurate or not up to date or the User believes that any of the information about the User is collected, used and stored by us in a manner not compliant with applicable laws.
   10.5. The User shall bear any losses that occur regarding the submission of invalid/incorrect data. 
   10.6. By executing the Agreement, both Parties confirm and warrant to another Party that the respective Party has any and all required consents to obtain, manage, store or use in another way of personal data in relation to performance of the Agreement.
   10.7. Each Party hereby shall undertake to reimburse another Party for any direct and indirect damages and losses that the injured Party may suffer in relation to improper, illegal or unlawful use of personal data of the default Party.

8. Security

11.1. IVPAY will use its best efforts to provide secure operation of IVPAY Platform.
11.2. IVPAY has implemented security measures designed to protect information from accidental loss and from unauthorized access, use, alteration or disclosure.
11.3. The User shall use its best efforts to prevent unauthorized use of the Services, its account, or of any Documentation. In case the User becomes aware that any security details have been compromised or if the User becomes aware of any fraud or attempted fraud or any other security incident (including a cyber-security attack) affecting he/she/it and/or IVPAY (together a ‘Security Breach’), the User must notify IVPAY as soon as possible by email and continue to provide accurate and up to date information throughout the duration of the Security Breach.
11.4. In case of violation of User’s account's security, IVPAY reserves the right to suspend access to the account with the previous notice to the User. IVPAY is not responsible for losses incurred due to such a suspension of access to the account.

1. Liability

   12.1. EXCEPT AS OTHERWISE SET FORTH IN THIS AGREEMENT, IN NO EVENT IVPAY WILL BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES OR ANY LOSS, THEFT, DISAPPEARANCE, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST DATA OR OTHER INTANGIBLE LOSSES THAT RESULT FROM THE USE OF, INABILITY TO USE, OR UNAVAILABILITY OF THE IVPAY PLATFORM, REGARDLESS OF THE FORM OF ACTION AND WHETHER OR NOT WE KNEW THAT SUCH DAMAGE MAY HAVE BEEN INCURRED. FOR CUSTOMERS CONTRACTING WITH IVPAY WHILE THIS LIMITATION OF LIABILITY DISCLAIMS LOST PROFITS AND OTHER INDIRECT DAMAGES, IVPAY PLATFORM DOES NOT OTHERWISE EXCLUDE ITS LIABILITY FOR ITS GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

IN NO EVENT IVPAY WILL LIABLE FOR ANY DAMAGE, LOSS OR INJURY RESULTING FROM HACKING, TAMPERING, VIRUS TRANSMISSION OR OTHER UNAUTHORIZED ACCESS OR USE OF IVPAY PLATFORM.
IN NO EVENT WILL OUR LIABILITY FOR ANY DAMAGES ARISING IN CONNECTION WITH THE USE OF IVPAY PLATFORM OR THESE TERMS EXCEED THE FEES EARNED BY IVPAY IN CONNECTION WITH USER’S USE OF IVPAY PLATFORM DURING THE 6 MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM FOR LIABILITY. THE FOREGOING LIMITATIONS OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW.

12.2. Force Majeure
12.2.1. Notwithstanding the foregoing, IVPAY shall not be liable for losses incurred as a result of failure to comply with its obligations in connection with circumstances beyond IVPAY’s control. Even in areas where stricter liability rules prevail, IVPAY cannot be held responsible for losses incurred as a result of:
(a) breakdown of or lack of access to IT systems, or of damage to the data maintained in these systems as a result of any of the reasons listed below, irrespective of whether IVPAY or a third party is responsible for the operation of such systems;
(b) a power supply failure or failure in IVPAY’s systems, legislative or administrative interventions, natural disasters, war, revolution, civil unrest, sabotage, terrorism or vandalism (including virus attacks and computer hacking);
(c) strikes, lockouts, boycotts or blockades, regardless of whether the conflict is directed against or was started by IVPAY, regardless of the cause of such conflict. The foregoing also applies if the conflict only affects portions of IVPAY and other circumstances that are beyond IVPAY’s control.

1. Confidential information

   13.1. Parties shall be obliged to treat all information relating to the contractual relationship between the User and IVPAY as confidential. The duty of confidentiality shall apply unless otherwise agreed and in cases where a party shall be required to disclose such information by law, regulation or a decision taken by public authority, or where the information in question shall be already publicly available and this fact cannot be attributed to the other party’s breach of contract.
   13.2. IVPAY shall be entitled to disclose information about the User to the technical subcontractors and other companies, provided that such disclosure shall be required in order for IVPAY to fulfil its obligations under the Agreement.
   13.3. Section 13 shall also apply once the Agreement shall come to an end or is terminated.

2. Governing law and dispute resolution

   14.1. These Terms will be governed by and interpreted in accordance with the laws of the Czech Republic without reference to conflict of law or choice of law provisions.
   14.2. All disputes arising out of or in connection with this Agreement, including disputes on its conclusion, binding effect, amendment and termination, shall be resolved by the ordinary courts in the Czech Republic.

3. Final provisions

   15.1. Termination.These Terms shall remain in force until terminated either by you or the Company. The Company may terminate these Terms at any time at its own discretion without explaining the reasons for this decision.
   15.2. Entire Agreement.These Terms are a legally binding agreement and together with its other integral parts constitute an entire agreement between you and the Company.
   15.3. Amendments.IVPAY reserves the right to exercise its discretion at any time to amend these Terms and Conditions by publishing an updated text of the Terms and Conditions on the Website. If after the publishing of the updated text of the Terms and Conditions on the Website User will continue using IVPAY Platform it shall be deemed that the User agrees with the amended Terms and Conditions and undertakes to be bound by them. IVPAY should notify the User about any amendments.
   15.4. Language. This Agreement has been made in English. In the event any translation of this Agreement is prepared for convenience or any other purpose, the provisions of the English version shall prevail.
   15.5. All provisions of these Terms applicable to the Website shall apply to others means of providing Services, including the App, unless specifically stated otherwise. 15.6. Should you have any comments, questions, or complaints, please contact us at supportinfo@ivpay.io.