Oil App Folex Terms and Conditions

Updated as of June 30, 2023

Make sure to carefully review the following terms and conditions prior to utilizing Our Service.

Interpretation and Definitions

Understanding

All terms that begin with a capital letter have specific definitions based on the outlined criteria. These definitions remain consistent regardless of whether they are used in singular or plural form.

Meanings

In relation to these Terms and Conditions:

Affiliate refers to an organization that shares a controlling interest with another party, either through ownership of at least 50% of shares, equity interest, or other voting securities that determine the election of directors or managing authority.

Profile refers to a distinct user profile established for accessing our platform or specific features within it.

Location refers to the United Kingdom

Our Firm (referred to as either "the Firm", "We", "Us" or "Our" in this Agreement) pertains to Oil Folex Ai™ Ltd, located at Oil Folex Ai PTE. LTD.
WeWork 8 Cross Street: 8 Cross Street, Singapore 048424.

Device refers to any electronic device capable of accessing the platform, including but not limited to computers, smartphones, and tablets.

Platform refers to our Crypto Trading Website.

Usage Agreement (also known as "Agreement") refers to this comprehensive agreement between You and the Company concerning the utilization of the Service.

External Social Media Platform refers to any platform or content (including data, information, products, or services) provided by a third-party entity that can be viewed, incorporated, or accessed through our platform.

Platform refers to Oil Folex Pro, which can be accessed through the website https://oilfolexai.com

You refers to the person or entity accessing or utilizing the Service, including but not limited to individuals, companies, or other legal entities.

Acknowledgment

By utilizing this Service, you are subject to the following Terms and Conditions which establish the terms of engagement between You and our Company. This agreement outlines the rights and responsibilities of all users in relation to the utilization of our Service.

By accessing and utilizing the Service, you agree to adhere to and abide by the following Terms and Conditions. These Terms and Conditions are applicable to all individuals, including visitors, users, and any other parties who access or utilize the Service.

Upon accessing or utilizing the Service, you hereby consent to abide by these Terms and Conditions. In the event that you hold any objection towards any aspect of these Terms and Conditions, accessing the Service will be prohibited.

By using the Service, you confirm that you are above the age of 18. The platform strictly adheres to the policy of not allowing individuals under the age of 18 to access or utilize its services.

In order to access and utilize our Service, it is essential that you agree to and adhere to the Company's Privacy Policy. This policy outlines the guidelines and protocols regarding the gathering, utilization, and disclosure of your personal data when utilizing the Application or Website. It also enlightens you about your privacy rights and the legal protections in place. We kindly request that you thoroughly review our Privacy Policy prior to utilizing our Service.

User Accounts

Upon registration, it is essential that you furnish us with precise, comprehensive, and up-to-date information. Failing to comply with this requirement would be considered a violation of our Terms of Service, which could lead to the prompt termination of your account.

It is your utmost responsibility to ensure the security of the password used to access our platform and to monitor any activities or actions performed using your password, regardless of whether it is used on our service or any third-party social media platform.

By using our platform, you acknowledge and agree to maintain the utmost confidentiality of your password. We emphasize the importance of notifying our team promptly if you detect any security breaches or unauthorized access to your account.

It is not permissible to utilize a username that belongs to someone else or an entity, or a username that is not legally accessible for use. Furthermore, it is prohibited to utilize a username that is subject to the rights of another person or entity without proper authorization, or a username that is considered offensive, vulgar, or obscene in nature.

Intellectual Property

Our platform, along with its unique content (excluding any content provided by you or other users), features, and functionality, are and will always be the sole ownership of our company and its licensors.

The Service is safeguarded by the legal provisions of copyright, trademark, and other applicable laws within the jurisdiction of both the Country and international territories.

Unauthorized usage of our trademarks and trade dress in association with any product or service is strictly prohibited without obtaining the explicit written authorization from our company.

Links to Other Websites

Our platform provides users with access to various third-party websites or services which are not owned or controlled by our company.

The Company holds no influence over and assumes no liability for the content, privacy policies, or procedures of any external websites or services. Additionally, you acknowledge and agree that the Company will not be held accountable or responsible, either directly or indirectly, for any potential harm or loss resulting from the use of or reliance on any content, products, or services provided by these websites or services.

It is highly recommended that you carefully review the terms and conditions as well as the privacy policies of any external websites or services you may access.

Termination

Under certain circumstances, we reserve the right to promptly terminate or suspend Your Account without any prior notice or liability. This action may be taken for various reasons, including, but not limited to, instances where You fail to comply with the terms and conditions outlined herein.

Once the termination takes effect, your ability to utilize the Service will promptly come to an end. If you decide to terminate your Account, you can simply stop utilizing the Service.

Limitation of Liability

Despite any potential losses that may be incurred, the Company and its suppliers acknowledge their responsibility under the terms and conditions. Your sole resolution for all aforementioned matters will be restricted to the actual amount paid by You via the Service, or a maximum of 100 USD if no purchases have been made through the Service.

In accordance with applicable laws, the Company and its suppliers shall not be held liable for any significant, consequential, incidental, or indirect damages whatsoever (including but not limited to, loss of profits, loss of data or other information, business interruption, personal injury, loss of privacy resulting from or in any way connected to the utilization or incapacity to utilize the Service, third-party software and/or hardware used in conjunction with the Service, or any other provision stated in these Terms), regardless of whether the Company or any supplier has been informed of the potential for such damages, even if the solution fails to fulfill its fundamental purpose.

There are certain states where implied warranties cannot be excluded or liability for incidental or consequential damages cannot be limited. This implies that certain limitations mentioned above may not be applicable. In such states, the liability of each party will be restricted to the maximum extent as allowed by law.

“AS IS” and “AS AVAILABLE” Disclaimer

The Service is provided to You “AS IS” and “AS AVAILABLE” and with all faults and defects without warranty of any kind. To the maximum extent permitted under applicable law, the Company, on its own behalf and on behalf of its Affiliates and its and their respective licensors and service providers, expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the Service, including all implied warranties of merchantability, fitness for a particular purpose, title and non-infringement, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the Service will meet Your requirements, achieve any intended results, be compatible or work with any other software, applications, systems or services, operate without interruption, meet any performance or reliability standards or be error-free or that any errors or defects can or will be corrected.

While the Company and its providers strive to provide a reliable and accessible Service, it is important to note that no guarantees are made, whether express or implied. This includes but is not limited to: (i) the smooth operation and availability of the Service, as well as the accuracy, reliability, and currency of the information, content, and materials or products provided; (ii) the uninterrupted and error-free nature of the Service; (iii) the accuracy, reliability, or currency of any information or content provided through the Service; and (iv) the absence of viruses, scripts, trojan horses, worms, malware, time bombs, or other harmful components in the Service, its servers, and any e-mails sent by or on behalf of the Company.

While certain jurisdictions may not permit the exclusion of specific warranty types or limitations on consumer statutory rights, it is important to note that some or all of the aforementioned exclusions and limitations might not be applicable to you. However, in such instances, the exclusions and limitations outlined in this section will be enforced to the fullest extent possible according to relevant laws.

Governing Law

The terms and conditions of this platform are governed by the laws of the jurisdiction, with the exclusion of any conflicting legal provisions. By accessing and using our services, you agree to comply with these terms while also adhering to any additional regulations imposed by your local, state, national, or international authorities.

Resolving Disputes

If you have any inquiries or disagreements regarding the Service, you are encouraged to initially attempt to resolve the matter through informal communication with the Company.

For Users in the European Union (EU)

If you are a consumer residing in the European Union, you will be entitled to the protections offered by the relevant laws of your country of residence.

The United States Legal Compliance

By using our platform, you confirm and guarantee that (i) Your location is not within a country currently under an embargo imposed by the United States government, nor is it classified by the United States government as a "terrorist supporting" nation, and (ii) Your name does not appear on any United States government list of individuals or entities that are prohibited or restricted.

Severability and Waiver

Interchangeability

In the event that any of these Terms are found to be unenforceable or invalid, the necessary adjustments will be made to ensure that the objectives of said provision are fulfilled to the utmost extent as permitted by the relevant laws. Moreover, all remaining provisions will remain fully effective and operational.

Waiver

With the exception of the provisions stated here, the non-exercise of a particular right or the non-enforcement of an obligation under these Terms will not hinder a party from exercising that right or requiring such performance in the future. Moreover, the forgiveness of a breach should not be interpreted as forgiveness for any future breaches.

Translation Interpretation

Should a dispute arise, please note that the original English text will take precedence over any translated version of these Terms and Conditions. We have provided translations of these Terms and Conditions on our Service for your convenience.

Changes to These Terms and Conditions

At Our exclusive discretion, we maintain the authority to amend or substitute these Terms whenever necessary. In the event of a substantial revision, We will make diligent attempts to notify you with a minimum of 30 days' advance notice before implementing any new terms. The definition of a significant alteration will be determined solely by Us.

Upon the implementation of these modifications and their effectiveness, your continued access or utilization of Our Service signifies your consent and acceptance of the updated terms. Should you find yourself in disagreement with the revised terms, whether in part or in their entirety, we kindly request that you refrain from further use of the website and the Service.

Contact Us

If you require any further clarification regarding these Terms and Conditions, please don't hesitate to reach out to us:

By email: info[at]oilfolexai.com

By visiting this page on our website: https://oilfolexai.com/contact

For telephone inquiries, please contact us at +65 6701 8000