Legal Agreement
NORA is committed to ensuring that all aspects of its platform adhere to legal standards and regulations while providing a clear and transparent set of rules for users. This section provides an overview of the key components of NORA’s legal agreement, including terms of use, privacy policy, and compliance with jurisdictional laws.
10.1. Terms of Service
NORA’s Terms of Service outline the rights and responsibilities of both the platform and its users. These terms cover everything from account creation, use of the platform, and content sharing to platform limitations and user responsibilities. The goal is to establish a fair and secure environment for all users.
Key Points:
Users must adhere to acceptable use policies, ensuring they do not engage in fraudulent, illegal, or harmful activities.
NORA reserves the right to suspend or terminate accounts that violate the terms of service.
All users must be at least 18 years old to use the platform.
10.2. Privacy Policy
Protecting the privacy of users is paramount to NORA. The Privacy Policy outlines how personal data is collected, used, and protected. It also includes information about the platform's commitment to maintaining user anonymity through end-to-end encryption (E2EE) and decentralized identifiers (DID).
Key Points:
NORA does not store user messages or content on its servers.
All data is encrypted, and users have complete control over their digital identities.
The platform complies with global data protection laws such as GDPR and CCPA.
10.3. Compliance with Jurisdictional Laws
NORA operates in a global context and must adhere to the laws and regulations of various jurisdictions. This includes anti-money laundering (AML) and know-your-customer (KYC) compliance where necessary, especially for users engaged in high-value transactions or DeFi activities.
Key Points:
NORA complies with international AML/KYC guidelines when required.
Legal frameworks such as the EU’s GDPR or the US SEC are followed to ensure that the platform meets regulatory standards across different regions.
The platform reserves the right to modify its policies based on changing regulations and legal requirements.
10.4. Dispute Resolution
NORA provides clear mechanisms for dispute resolution through arbitration or mediation. In the event of a legal dispute between users and the platform, NORA’s terms outline how such matters will be resolved in a fair and neutral manner.
Example: Disputes will typically be resolved through arbitration rather than litigation, ensuring that both the platform and users can resolve conflicts without long and costly court processes.
10.5. Risk Disclosure
NORA is a Web3 and crypto-focused platform, and it is important for users to understand the risks involved. The Risk Disclosure section explains potential risks, such as market volatility, smart contract risks, and the potential for loss of assets.
Key Points:
Users are advised to thoroughly research before participating in any cryptocurrency-related activities on NORA.
NORA cannot be held responsible for any financial losses due to market fluctuations or issues with third-party platforms.
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