Terms of Service

Terms of Service

Article 1: Purpose
The purpose of this Agreement is to stipulate the rights, obligations, and responsibilities of the Company and the Member when a user (hereinafter referred to as "Member") subscribes to and uses the SPORT NFT service (hereinafter referred to as "Service") provided by WIZFIT PTE LTD. (hereinafter referred to as "Company").

Article 2: Definition of Terms
The definitions of the terms used in this Agreement are as follows, and the interpretation of undefined terms shall be governed by relevant laws and regulations, the Company's terms of use and privacy policy, and guidelines set by the Company separately.

1. "Service" means the service provided by the Company in the web and mobile environment and all related services.
2. "Member" refers to a customer who accesses the Company's "Service" and concludes a use contract with the Company in accordance with these Terms and Conditions and uses the "Service" provided by the Company.
3. "Account" refers to the combination of letters or numbers assigned to the Member by the Company to identify the Member after the Member agrees to these Terms and the Privacy Policy.
4. "Digital Work" means digital content processed and registered by the Member within the SPORTS NFT Service.
5. "NFT" means a blockchain-based digital asset that is issued with metadata information about the "Digital Work" and grants the owner of the NFT certain rights to the "Digital Work".
6. "To Trade" and "NFT Exchange" means an affiliate service that allows you to trade digital works that are the subject of NFTs.

Article 3: Initiation and Amendment of Terms
1. The "Company" shall post the contents of these Terms and Conditions on the "footer" of the webpage at all times so that the "Member" can easily understand them.
2. The "Company" may revise these Terms if necessary to the extent that it does not violate relevant laws and regulations.
3. If the "Company" revises the terms and conditions, it shall specify the date of application and the reason for the revision, and notify the current terms and conditions together with the revised terms and conditions in the manner of paragraph 1, 7 days before the date of application of the revised terms and conditions. However, if the terms and conditions are revised to the disadvantage of the "Member", it will be notified 30 days before the date of application.
4. If the "Company" notifies the Member in accordance with the preceding paragraph and clearly notifies the Member that if the Member does not express his/her intention by the day before the date of application, the intention shall be deemed to have been expressed, but the Member does not express his/her refusal, the Member shall be deemed to have agreed to the revised Terms.
5. If the member does not agree to the revised terms and conditions, he/she may express his/her intention to refuse to the company by the day before the effective date and terminate the service use contract.

Article 4: Interpretation of Terms
1. The "Company" may have separate operating policies in addition to these Terms.
2. Any matters or interpretations not stipulated in these Terms and Conditions shall be separately stipulated on the webpage, such as operating policy and user guide.

Article 5: Conclusion of Use Agreement
1. The use contract is concluded when the person who intends to become a member (hereinafter referred to as the "applicant") agrees to the contents of the terms and conditions provided by the Company and then completes the application for membership in accordance with the procedure set by the Company, and the Company approves such application.
2. The Company may not approve the application of the applicant for membership if there are any of the following reasons, and may cancel the approval or terminate the use contract if the following reasons are confirmed even after the subscription.

A. If the applicant has previously been disqualified from membership under these Terms and Conditions
B. If the applicant uses a name other than his/her real name or the name of another person
C. If the applicant states or provides false or incorrect information or fails to state the contents presented by the company
D. If the application cannot be approved due to reasons attributable to the applicant or otherwise violates the provisions of these Terms and Conditions
E. If you intend to use the service for fraudulent purposes or separate business purposes
F. If the applicant applies for a purpose that violates relevant laws or may impede the well-being of society or public order and morals
G. If the applicant is a foreigner or under the age of 19 in certain countries that restrict the use of the service

A. The time of establishment of the use contract shall be the time when the company indicates the completion of account creation in the application process or when the notice in the manner of Article 20 reaches the applicant.
J. The Company may request real name verification or identity verification through a professional organization to the extent permitted by law to verify whether the information provided by the Member is consistent with the facts.

Article 6: Change of Member Information
1. Members may view and modify their personal information at any time through the Service. However, information restricted by SPORTS NFT for service management cannot be modified.
2. If there is a change in the information provided when applying for membership, the member shall modify it directly in the service or notify the company of the change through the customer center.
3. The Company shall not be liable for any disadvantages caused by the Member's failure to notify the Company of changes in the preceding paragraph.

Article 7: Management of Member Information
1. If the account and password registered by the Member match the one registered with the Company, the Company shall consider the User to be a Member without a separate verification procedure.
2. The Member shall be responsible for safely storing all information necessary to access the account, including the password, to prevent unauthorized third parties from accessing the Member's account.
3. The Member shall immediately notify the Company if the Member realizes that the Account access information has been lost, stolen, or disclosed to a third party. The Company may immediately take measures such as suspending the use of the Account.
4. The Company shall not be liable for any damages incurred by the Member due to the loss, theft, or disclosure of the Member's account password or other access information. However, this shall not apply to cases where the Company's intentional or negligent behavior is responsible.
5. The Company may restrict the use of a member's nickname if it is likely to leak personal information, be misunderstood as someone other than the member, be antisocial, or against public order and morals, infringe on the rights of third parties, or be mistaken for the Company and its operators. In addition, the Company may restrict the use of the nickname in other cases if the Company deems it necessary based on reasonable judgment.

Article 8: Protection of Personal Information
The Company shall endeavor to protect the personal information of its members in accordance with relevant laws and regulations, including the Act on Promotion of Information and Communications Network Utilization and Information Protection, and the Personal Information Protection Act. The protection and use of personal information shall be governed by relevant laws and regulations and the Company's privacy policy. However, the Company's privacy policy does not apply to externally linked screens other than those produced and provided by the Company.

Article 9: Company's Obligations
1. The Company shall comply with the relevant laws and regulations and these Terms and Conditions and shall endeavor to provide the Service continuously and stably.
2. The Company may have a security system to protect personal information (including credit information) so that members can use the Service safely, and shall disclose and comply with the Privacy Policy.
3. The Company shall handle opinions or complaints raised by members in connection with the use of the Service if it recognizes that they are justified and may communicate the processing process and results to members through the bulletin board in the Service, email, etc.

Article 10: Obligations of Members
1. Members shall not engage in any of the following acts:

A. Stealing other people's information
B. Changing information posted by the Company
C. Transmitting or posting information (computer programs, etc.) other than the information specified by the Company
D. Infringement of intellectual property rights such as copyrights of the Company and other third parties
E. Acts that damage the reputation or interfere with the business of the Company and other third parties
F. Disclosing or posting obscene or violent messages, images, voices, false facts, or other information contrary to public order and morals on the Service
G. Using the Service for commercial purposes without the prior consent of the Company
H. Accessing the Service through fraudulent means, falsely generating or increasing the number of impressions or clicks, applying to use the Service, or causing a load on the Company's servers
I. Collecting personal information and account information of other members
J. Other illegal or unfair acts

2. Members shall comply with relevant laws and regulations, terms of use, and matters announced or notified by the Company in connection with the Service and shall not engage in other acts that interfere with the Company's business.

Article 11: Provision of Services
1. The Company provides the Service 24 hours a day, 7 days a week, 365 days a year. However, the Company may divide the Service into a certain range and specify the availability time separately for each range, and the Company shall notify the contents in advance.
2. The Company may temporarily suspend the provision of the Service if there is a reasonable reason for maintenance, inspection, replacement, or breakdown of information and communication facilities such as computers, interruption of communication, or operation. In this case, the company will notify the member in advance through the initial screen or notice board. However, if there are unavoidable reasons that the Company cannot notify in advance, it may notify afterward.
3. The Company may conduct inspections if necessary, and the inspection time shall be as announced on the service provision screen.

Article 12: Change of Service
1. The Company may change the contents, operation, and technical matters of the Service to provide stable service.
2. If the Company makes changes to the Service, the Company shall notify in advance by specifying the details of the changes and the date of application. However, if there are unavoidable reasons that the Company cannot notify in advance, it may notify afterward.
3. If the member does not agree to the service change, he/she may express his/her refusal to the company and terminate the use contract.

Article 13: Copyright of Digital Works
The copyrights of digital works published by the Company in the Service are protected by the Copyright Act of the Republic of Korea. Members may not make primary sales of digital works and NFTs published by the Company on other NFT exchanges and may only make secondary sales and transactions.

The Company has a perpetual license to use the digital works published in the Service as follows:

A. The right to use, edit, store, reproduce, modify, disclose, transmit, publicly perform, publicly display, publicly post, and distribute the postings for the purpose of operating, enhancing, improving, developing new services, and promoting the Service.
B. The right to create derivative works from and distribute your posts
C. The right to have the media, telecommunications companies, etc. report and broadcast the contents of the post for the purpose of promoting the service. In the event that the Company intends to use the member's post in a manner other than the preceding paragraph, the consent of the member is obtained in advance.

Article 14: Attribution of Rights
1. Copyright and intellectual property rights for the Service belong to the Company.
2. The company grants the member only the right to use the service in accordance with the terms and conditions set by the company in relation to the service, and the member may not transfer, sell, pledge, or otherwise dispose of it.

Article 15: Restrictions on Use, etc.
1. The Company may restrict the Member's login to the Service in any of the following cases:

A. In case of continuous password error
B. In case of hacking and fraudulent incidents
C. In case of suspected impersonation
D. If a national organization requests service restrictions in accordance with relevant laws and regulations
E. If you are engaged in or reasonably suspected of engaging in market manipulation, money laundering, unfair trade, criminal activities, etc.
F. When any of the other reasons listed in the preceding paragraphs occur, or when measures are necessary to prevent the occurrence of such reasons.

2. Accounts (small amounts, long-term unused accounts, etc.) that are likely to be used for crimes such as voice phishing or money laundering may have their security level adjusted or suspended in accordance with the operating policy.
3. Within the scope of the use restrictions in this Article, the conditions and details of the restrictions shall be determined by the Company in the operating policy, user guide, etc.
4. If the Company restricts the use of the service or terminates the use contract pursuant to this Article, the Company shall notify the Member in accordance with Article 20.
5. The member may appeal the restriction of use under this Article through the customer center. At this time, if the Company recognizes that the objection is justified, the Company will immediately resume the use of the service.

Article 16: Termination of Use Agreement
1. A member may apply for the termination of the use contract at any time through the information management or setting menu in the service or through the customer center, and the company shall immediately process it in accordance with relevant laws and regulations.
2. The Company may restrict the use of the Service for a specified period of time and demand correction if the following reasons occur to the Member. If, despite the request for correction, it is not corrected within a reasonable period of time, or if the member repeatedly commits the same violation twice or more, the use contract may be terminated.

A. Violation of the member's obligations stipulated in Article 10 of these Terms and Conditions or falling under the reasons for restriction of use stipulated in Article 15.
B. Violation of relevant laws and regulations, such as provision of illegal programs in violation of copyright laws, interference with operation, illegal communication, and hacking in violation of the Act on Promotion of Information and Communications Network Utilization and Information Protection, distribution of malicious programs, and acts exceeding access rights.
C. In the event of any act or attempt to interfere with the smooth progress of the services provided by the Company
D. In the event of any other reason falling under each of the preceding paragraphs and the Company determines that it is not appropriate to maintain the use contract.

3. Upon termination of the use contract pursuant to the preceding paragraph, all benefits obtained through the use of the service will be lost, and the company will not compensate separately.
4. In the event of termination of the service use contract pursuant to this Article, the Company shall notify the Member in accordance with Article 17.
5. Upon completion of the termination of the Service Use Agreement, all information of the Member shall be deleted except for information that the Company shall retain in accordance with the relevant laws and regulations and the Privacy Policy.
6. Notwithstanding the preceding paragraph, if the Company terminates the Use Agreement pursuant to Paragraph 2, the Company may retain the Member's information for a certain period of time for the purpose of receiving and processing the Member's appeal and shall delete the Member's information (except for digital works) after the expiration of such period.

Article 17: Notification to Members
1. When the Company notifies a Member, it may do so by e-mail address, mobile text, telephone, mail, messenger, etc. provided by the Member, unless otherwise provided in these Terms and Conditions.
2. If the Company notifies all members, it may replace the notice in the preceding paragraph by posting it on the bulletin board in the service for more than 7 days.

Article 18: Limitation of Liability
1. The Company or the Member shall be liable to compensate the other party for damages in case of violation of these Terms and Conditions. However, this shall not be the case if there is no intention or negligence of the actor.
2. If damage is caused to the member due to the following reasons, the company shall not be liable for the damage if it proves that it has exercised the necessary managerial care to prevent the member from incurring damage.

A. In the event of wartime, events, natural disasters, or equivalent national emergencies, etc.
B. In the event of compliance with de facto or de jure administrative decrees and orders of a governmental organization, etc.
C. In the event of service failure of telecommunications service providers, including long-term telecommunications service providers under the Telecommunications Business Act
D. In case of service failure due to defects in outsourced systems and affiliated services that the Company cannot manage or reasons attributable to the user.
E. In the event of a server failure due to a temporary increase in service access, etc.

Article 19: Governing Law and Jurisdiction
1. The laws of the Republic of Korea shall govern any dispute between the Company and the Member.
2. The jurisdictional court for litigation regarding disputes between the Company and the Member shall be the Seoul Central District Court.

These Terms of Use are effective as of August 1, 2023.