The following are the terms and conditions (the “Agreement”) under which you (“You,” or a “User”) may use the this website and co-branded websites of The Royalty Exchange, Inc. (“The Royalty Exchange”) located at www.The Royalty Exchange.com and/or any other addresses (any or all of which are herein referred to as the “Site”). Please read this page carefully. By accessing and using the Site, you accept and agree to be bound, without modification, limitation or qualification, by the Agreement. The Royalty Exchange may, at its sole discretion, modify or revise the Agreement at any time by updating the text of this page. You are bound by any such modification or revision and should therefore visit this page periodically to review the Agreement.
Specific rules, in addition to this Agreement, are provided with respect to transactions conducted on or in connection with the Site, and other rules may be provided for the use of certain other items, areas or services provided on or in connection with the Site, and you agree to be bound by such rules.
YOUR USE OF THE SITE CONSTITUTES YOUR AGREEMENT TO ALL TERMS, CONDITIONS, AND NOTICES CONTAINED HEREIN OR OTHERWISE POSTED ON THE SITE. (COLLECTIVELY, THE “AGREEMENT.”) IF YOU DO NOT ACCEPT ANY OF THE PROVISIONS OF THE AGREEMENT, DO NOT USE THE SITE.
Section 1. The Material on the Site
The contents of the Site, such as text, graphics, images, audio, video, data, coding, scripts, computer programs and other material (“Material” or “Materials”), are protected by copyright under the laws of the United States as well as other countries, and are owned or controlled by The Royalty Exchange or by third parties that have licensed their Material to The Royalty Exchange. The Royalty Exchange authorizes you to view and download a single copy of the Material solely for your personal, non-commercial use or for use in connection with an auction conducted through the Site (the “Auction.”) All rights in and to the Material not expressly granted to User in the Agreement are reserved. Neither the availability of, nor anything contained within the Site shall be construed as conferring any license under any of The Royalty Exchange’s or any third party’s intellectual property rights, other or further than as expressly provided in the foregoing provisions of this paragraph, whether by implication, estoppel or otherwise.
Unauthorized use of the Material may violate copyright, trademark, and other laws. You may not sell, prepare derivative works based on or modify the Material (including, without limitation, preparation of summaries of the Material or “thumbnails” of any images therein), or reproduce, publicly display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of the Material or any portion thereof on any other Site, or in any publication, database, catalog or compilation, or in a networked computer environment for any purpose other than personal browsing of the Site without the express prior written permission of The Royalty Exchange is strictly prohibited. With respect to any copy you make of the Material within the scope of the limited personal license granted herein, you must retain therein, unmodified and unobscured, any and all copyright and other proprietary notices contained in the original Material. Some of the Material may contain digital “watermarks” to indicate their source and ownership. You agree not to attempt to remove, deactivate, reverse engineer, modify, tamper with or obscure any such watermarks. The trademarks, logos and service marks (the “Marks”) displayed on the Site are owned by The Royalty Exchange or third parties. You are prohibited from using the Marks without the express, prior written permission of The Royalty Exchange or such third party. If you would like information about obtaining The Royalty Exchange’s permission to use the Material on your Site, info@TheRoyaltyExchange.com.
The Royalty Exchange reserves the right to employ robot exclusion headers and similar mechanisms within the Site, and you agree that you and all persons and facilities under your control will honor such headers and mechanisms. Regardless of the presence or absence of any such headers or mechanisms, and without limiting the generality of any other restriction on use of the Site or the Material set forth in this Agreement, you will not in any event use any robot, spider, or other automatic or manual device or process for the purpose of compiling information regarding the identification, address or other attributes of any of our Users, bidders or sellers, or to recreate in original or modified form any substantial portion of the Site. You further agree not to use any device, software or routine to interfere or attempt to interfere with the proper functioning of the Site or any transactions being conducted on or in connection with the Sites. You agree that you will not take any action that imposes an unreasonable or disproportionately large load on our servers or systems.
If you violate any provision of the Agreement, your permission to use the Material and the Site automatically terminate and you must immediately destroy any copies you have made of the Material.
Section 2: Copyright Agent
The Royalty Exchange respects the intellectual property of others, and we ask our Users to do the same. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide The Royalty Exchange’s Copyright Agent the following information:
• an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest
• a description of the copyrighted work that you claim has been infringed
• a description of where the Material that you claim is infringing is located on the site
• your address, telephone number, and e-mail address
• a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law
• a statement by you, made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf
The Royalty Exchange’s Copyright Agent for Notice of claims of copyright infringement on its site can be reached as follows:
info@The Royalty Exchange.com
The Royalty Exchange
3724 Congeniality Way
Raleigh, NC 27613
Section 3. Privacy; User Submissions
The Royalty Exchange may provide certain areas of the Site (such as chat rooms, message boards or other facilities) designated as open to public access or to our Users at large (each of which is referred to herein as a “Public Area”). Generally, any communication that you post to a Public Area is considered to be non-confidential.
By posting communications (including any graphic or multimedia content) to any Public Area, you automatically grant The Royalty Exchange a royalty-free, perpetual, irrevocable non-exclusive license to use, reproduce, modify, publish, edit, translate, distribute, publicly perform, and publicly display the communication and any trademarks, names or likenesses therein alone or as part of compilations or other works in any form, media, or technology whether now known or hereafter developed, and to sublicense such rights through multiple tiers of sublicensees.
The Royalty Exchange does not screen communications in advance and is not responsible for screening or monitoring material posted by Users. As a User, you are responsible for your own communications and are responsible for the consequences of their posting. You must not do any of the following things while accessing or using the Site or using the Material: (1) post or transmit any material unless you are the owner of all patent, trademark, copyright, trade secret or other proprietary rights (“Rights”) therein, or have the permission of the owner of the Rights to post or transmit such material to the Site; (2) post material that otherwise violates any Rights of any third party or violates or infringes on the privacy or publicity rights of third parties; (3) post material that is obscene, defamatory, threatening, harassing, abusive, hateful, embarrassing or otherwise objectionable to another User or any other person or entity; (4) post sexually-explicit language or images; (5) post advertisements or solicitations of business; (6) post or transmit any chain letters or pyramid schemes; (7) impersonate another person or entity; (8) intentionally or unintentionally violate any applicable local, state, national or international law while using or accessing the Site or the Material; or (9) post or transmit any information containing a virus or other harmful component.
If notified by a User of communications that allegedly do not conform to any term of this Agreement, The Royalty Exchange may investigate the allegation and determine in its sole discretion whether to remove or request the removal of the communication. The Royalty Exchange has no liability or responsibility to Users for performance or non-performance of such activities. The Royalty Exchange reserves the right, in its sole discretion, to expel Users and prevent their further access to the Site for violating this Agreement or the law. The Royalty Exchange also reserves the right at all times to disclose any information as necessary or deemed desirable by The Royalty Exchange to satisfy any applicable law, regulation, legal process or governmental request, or to edit, refuse to post or to remove any information or materials, in whole or in part, in The Royalty Exchange’s sole discretion.
The Royalty Exchange DOES NOT ENDORSE, SUPPORT, REPRESENT OR GUARANTEE THE TRUTHFULNESS, ACCURACY, OR RELIABILITY OF ANY COMMUNICATIONS POSTED BY OTHER USERS OR ENDORSE ANY OPINIONS EXPRESSED BY USERS. YOU ACKNOWLEDGE THAT ANY RELIANCE ON MATERIAL POSTED BY OTHER USERS WILL BE AT YOUR OWN RISK.
Section 4. Registration, Passwords and Signatures
In consideration of your use of the Site, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by any registration form that you may fill out on any Site (such information being the “Registration Data”) and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any Registration Data that is untrue, inaccurate, not current or incomplete, or The Royalty Exchange has grounds to suspect that such Registration Data is untrue, inaccurate, not current or incomplete, The Royalty Exchange has the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof).
You may receive a password and/or account designation, or a digital signature upon completing the registration process on The Royalty Exchange’s Site. You are responsible for maintaining the confidentiality of any such password, digital signature and account, and are fully responsible for all activities that occur under your password, digital signature or account. You agree to (a) immediately notify The Royalty Exchange of any unauthorized use of your password, digital signature or account or any other breach of security, and (b) ensure that you exit from your account at the end of each session. The Royalty Exchange cannot and will not be liable for any loss or damage arising from your failure to comply with this paragraph.
Section 5. Use of the Auction or Commerce Portions of the Site
The portions of the Site relating to Auctions or other commercial activities are available only to clients of The Royalty Exchange. This excludes in all cases minors (persons who have not reached their eighteenth birthday). By registering with the Site, you acknowledge and agree that if you choose to offer items for sale through the Auction, you will be subject to the terms of the User Agreement and if you choose to bid to purchase items for sale through the Auction, you will be subject to the terms of the User Agreement. The terms of such User Agreement, as applicable, will be incorporated into the terms of this Agreement.
Section 6. Links to Other Sites
The Site may contain links to third-party Sites that are maintained by others. These links are provided solely as a convenience to you and not as an endorsement by The Royalty Exchange of the contents of such third-party Sites. The Royalty Exchange is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third-party Sites. If you decide to access linked third-party Sites, you do so at your own risk.
Section 7. Liability Disclaimers
The Material may contain inaccuracies or typographical errors. Except as may be separately specifically provided with respect to a particular sale, The Royalty Exchange makes no representations about the accuracy, reliability, completeness, or timeliness of the Material or about the results to be obtained from using the Site and the Material. Any use of the Site and the Material is at your own risk. Advice received via the Site should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice tailored to your situation. Changes are periodically made to the Site and may be made at any time. Some Material on the Site is provided by third parties and The Royalty Exchange shall not be held responsible for any such Material provided by third parties.
The Royalty Exchange DOES NOT WARRANT THAT THE SITE WILL OPERATE ERROR-FREE, CONTINUOUSLY OR WITHOUT INTERRUPTION, OR THAT THE SITE OR ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL CONTENT. IF YOUR USE OF THE SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, The Royalty Exchange IS NOT RESPONSIBLE FOR THOSE COSTS. THE SITE AND MATERIAL ARE PROVIDED ON AN “AS IS” BASIS WITHOUT ANY WARRANTIES OF ANY KIND. The Royalty Exchange AND ITS SUPPLIERS, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIM ALL WARRANTIES, INCLUDING THE WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OF PROPRIETARY OR THIRD-PARTY RIGHTS, AND THE WARRANTY OF FITNESS FOR PARTICULAR PURPOSE. The Royalty Exchange AND ITS SUPPLIERS MAKE NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE TEXT, GRAPHICS, AND LINKS. SOME STATES/JURISDICTIONS DO NOT ALLOW THE DISCLAIMER OF IMPLIED WARRANTIES, SO THE FOREGOING DISCLAIMER MAY NOT APPLY TO YOU. THIS WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS AND YOU MAY ALSO HAVE OTHER LEGAL RIGHTS WHICH VARY DEPENDING ON YOUR STATE/JURISDICTION.
YOU EXPRESSLY AGREE AND ACKNOWLEDGE THAT (WITH THE EXCEPTION OF MEMORABILIA OR SIMILAR ITEMS THAT MAY BE OFFERED FROM TIME TO TIME) THE AUCTIONS PROVIDED ON OR THROUGH THE SITE ARE FOR FUTURE REVENUE STREAMS THAT MAY RESULT FROM THE EXPLOITATION OF A COPYRIGHTED SONG (THE “REVENUE STREAMS”), AND THAT THE SELLER IS NOT OFFERING FOR SALE AN INTEREST IN THE UNDERLYING COPYRIGHT INTEREST TO THE WORK. UNLESS EXPRESSLY PROVIDED TO THE CONTRARY, SELLER WILL RETAIN SELLER’S COPYRIGHT INTEREST IN THE WORK, INCLUDING ALL PUBLISHING AND OTHER EXPLOITATION RIGHTS THEREIN. IN ALL EVENTS, The Royalty Exchange SHALL HAVE NO LIABILITY FOR ANY EXPLOITATION OF THE UNDERLYING COPYRIGHT TO THE WORK TO WHICH THE REVENUE STREAMS RELATE.
YOU EXPRESSLY ACKNOWLEDGE THAT UNITED STATES COPYRIGHT LAWS PROVIDE FOR CERTAIN TERMINATION OF TRANSFERS OF COPYRIGHT, AND THAT THESE LAWS COULD POTENTIALLY IMPACT THE REVENUE STREAMS AND/OR RIGHTS THAT ARE THE SUBJECT OF THE AUCTIONS THROUGH THIS SERVICE. ADDITIONALLY, OTHER NATIONS’ LAWS MAY PROVIDE FOR SIMILAR TERMINATIONS OF TRANSFERS. The Royalty Exchange IS NOT LIABLE FOR THE IMPACT OF ANY SUCH LAWS UPON THE VALUE OF THE ITEMS PLACED FOR AUCTION THROUGH THIS SERVICE, AND YOU SHOULD CONSULT WITH YOUR COUNSEL REGARDING SUCH MATTERS.
Section 8. Disclaimers of Certain Damages
IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SITE, OR WITH ANY PROVISION OF THE AGREEMENT, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE. UNDER NO CIRCUMSTANCES SHALL The Royalty Exchange BE LIABLE TO ANY USER OR ANY THIRD PARTY ON ACCOUNT OF THAT USER’S USE OF THE SITE. IN NO EVENT SHALL The Royalty Exchange AND/OR ITS SUPPLIERS BE LIABLE TO YOU OR ANY SUCH THIRD PARTY FOR (A) ANY DIRECT DAMAGES IN EXCESS OF THE LESSER OF THE FEES COLLECTED BY The Royalty Exchange IN CONNECTION WITH THE SERVICES PROVIDED HEREUNDER, OR ONE THOUSAND DOLLARS ($1,000), OR (B) ANY INDIRECT, PUNITIVE, EXEMPLARY, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THE SITE, THE DELAY OR INABILITY TO USE THE SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THE SITE, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF The Royalty Exchange OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
Section 9. Indemnity
You agree to defend, indemnify, and hold harmless The Royalty Exchange, its officers, directors, employees and agents, from and against any losses, liabilities, damages, costs, and expenses, including, without limitation, reasonable legal, expert and accounting fees, incurred in connection with any claims, actions or demands alleging or resulting from your use of the Material (including Software), your breach of this Agreement, or your violation of law or of the rights of any third party. The Royalty Exchange shall provide notice to you promptly of any such claim, suit, or proceeding and, if it is one asserted by a third party, shall provide reasonable assistance to you, at your expense, in defending any such claim, suit or proceeding.
Section 10. Local Standards
We do not represent that materials on the Site are appropriate for use in all locations. Persons who choose to access the Site do so on their own initiative, and are responsible for compliance with local laws, if and to the extent local laws are applicable.
Section 11. Import and Export Regulations Regarding Tangible Property
To the extent that Auctions on or through this Site relate to tangible property, the terms of this Section shall apply. The United States and most foreign countries regulate the importation and exportation of tangible property. Many countries require a declaration of export for property that is leaving the country. It is the responsibility of the Buyer to ensure that the property is properly imported into the Buyer’s country. If you participate in the auction or commerce portions of the Site, and, as a result, purchase property that you plan to ship to another country, you agree that you are responsible for familiarizing yourself with and complying with any and all applicable rules and regulations. The Royalty Exchange MAKE NO REPRESENTATION OR WARRANTY AND ACCEPTS NO LIABILITY WHATSOEVER TO THE SELLER, THE BUYER, OR ANY THIRD PARTY IN RESPECT OF THE AVAILABILITY OR ISSUANCE OF VALID IMPORT AND EXPORT PERMITS OR THE EXISTENCE OR EXERCISE OF PRE-EMPTION OR OTHER RIGHTS TO PURCHASE BY GOVERNMENTAL OR REGULATORY AUTHORITIES ANYWHERE.
Section 12. General
The Site is based in the State of North Carolina, U.S.A. All legal issues arising from or related to the use of the Site shall be construed in accordance with and determined by the laws of the State of North Carolina applicable to contracts entered into and performed within the State of North Carolina without respect to its conflict of laws principles. By using the Site, you agree that the exclusive forums for any claims or causes of action arising out of your use of the Site shall be the state courts for or within Wake County in the State of North Carolina, and the United States District Court for the District of North Carolina. You hereby irrevocably waive, to the fullest extent permitted by law, any objection which you may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum.
If any provision of this Agreement is found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of this Agreement, which shall remain in full force and effect. The failure of The Royalty Exchange to exercise or enforce any right or provision of the Agreement shall not constitute a waiver of such right or provision, and no waiver of any term of this Agreement shall be deemed a further or continuing waiver of such term or any other term. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Site must be filed within one (1) year after such claim or cause of action arose or be forever barred. This Agreement constitutes the entire Agreement between you and The Royalty Exchange with respect to the use of the Site. Any changes to this Agreement must be made in writing, signed by an authorized representative of The Royalty Exchange.
Section 13: Further Inquiries
You may direct questions about this Agreement, or other issues, to:
info@The Royalty Exchange.com
The Royalty Exchange
3724 Congeniality Way
Raleigh, NC 27613
Attn: Website Management