TERAVENT LIMITED – TERMS OF USE

1. MISSION & SCOPE

Teravent Limited (“Teravent,” “we,” or “us”) provides a high-integrity Carbon Registry and Digital Services Infrastructure. Our mission is to scale climate action by enabling project developers, corporate buyers, and financial institutions to transparently issue, track, and retire carbon credits.

2. JURISDICTION & CONTRACTING ENTITIES

You are entering into this contract with:

• UK & International Users: Teravent Limited (Registered in England and Wales).
• India Operations: Teravent India Private Limited (Registered in India).

Governing law is determined by your residency:

• UK/Europe/International: Laws of England and Wales.
• India: Laws of the Republic of India.

3. ELIGIBILITY & REGISTRATION

• Minimum Age: You must be at least 18 years old to use the Registry.
• Verification (KYC/KYB): Users must use their real names and, for organizations, provide proof of incorporation. Teravent reserves the right to conduct Know Your Customer (KYC) and Know Your Business (KYB) checks.
• Account Responsibility: You are responsible for all activity on your account. You must maintain password confidentiality and report any unauthorized access immediately.

4. CARBON REGISTRY SPECIFIC TERMS

As a User of the Teravent Registry, you acknowledge and agree:

• No Investment Advice: Teravent provides the infrastructure for carbon credit management. We do not provide financial, investment, or environmental advice regarding the quality or future value of credits.
• Double Counting Prohibited: Project developers warrant that any carbon sequestration listed on the Ledger has not been issued, sold, or retired on any other registry.
• Retirement is Final: Once a carbon unit is marked as "Retired" in the Teravent Ledger, it is permanently removed from circulation and cannot be reactivated or transferred.
• Registry Accuracy: While Teravent provides the platform, the Project Developer is solely responsible for the accuracy of the data, methodology, and monitoring reports submitted.

5. FEES, SUBSCRIPTIONS & COMMISSIONS

• Payment: You agree to pay all applicable issuance fees, transfer fees, and subscription costs.
• Taxes: Fees are exclusive of VAT (UK) or GST (India), which will be calculated based on your provided billing address.
• Automatic Renewal: Subscription services will auto-renew unless cancelled prior to the renewal date.

6. USER CONTENT & LICENSE

• Ownership: You own the project data and content you upload.
• License to Teravent: You grant Teravent a non-exclusive, worldwide, sublicensable right to use, host, and display your project data for the purposes of registry transparency, public reporting, and service improvement.
• Feedback: Any suggestions for our infrastructure may be used by Teravent without compensation to the user.

7. PROHIBITED ACTIVITIES

You shall not:

• List fraudulent or non-existent carbon projects.
• Use the Registry for money laundering or illicit financing.
• Reverse engineer the Teravent Ledger or attempt to bypass security protocols.
• Post misleading or defamatory content regarding other users’ projects.

8. SERVICE AVAILABILITY & DATA

• "As-Is" Basis: We provide the Registry "as-is." We do not guarantee 100% uptime, though we strive for high availability.
• Data Retention: While we maintain backups, Teravent is not responsible for the loss of user-provided data. Users are encouraged to maintain independent records of their digital certificates.

9. DISCLAIMER & LIMITATION OF LIABILITY

• No Warranty: Teravent makes no representation regarding the environmental effectiveness of projects listed by third parties.
• Liability Cap: To the maximum extent permitted by law, Teravent’s total liability shall not exceed the fees paid by you to Teravent in the 12 months preceding the claim.
• Exclusion of Indirect Loss: Teravent is not liable for lost profits, loss of reputation, or fluctuations in the market price of carbon credits.

10. TERMINATION

• Right to Terminate: Either party may terminate this agreement with 60 days’ notice.
• Misuse: Teravent may suspend or terminate accounts immediately if a user violates KYC/AML laws or registry integrity rules.
• Survival: Provisions regarding intellectual property, liability, and governing law survive termination.

11. INTELLECTUAL PROPERTY

The "Teravent" name, the Teravent Ledger software, logos, and proprietary methodologies are the exclusive property of Teravent Limited. You may not use our branding without prior written consent.

12. DISPUTE RESOLUTION

• UK/International: Disputes shall be resolved through the courts of London, England.
• India: Disputes shall be subject to the exclusive jurisdiction of the courts in Ernakulam, Kerala, India.
• Mediation: Before legal action, both parties agree to attempt to resolve disputes through good-faith mediation.

13. COMPLIANCE & COMPLAINTS

If you believe content on the Registry infringes your rights or violates these terms, please contact: legal@teravent.com.