Terms & Conditions - Effective Date: January 1, 2024
At Verity Bloom, transparency and clarity are fundamental to our client relationships. These Terms & Conditions govern your engagement with our decentralized finance (DeFi) and blockchain solutions, access to our platforms, and consumption of educational content. By accessing or using any of our services, you signify your acceptance of these terms.
Overview of Engagement
These terms outline the scope of services provided by Verity Bloom, including decentralized lending and borrowing platforms, yield optimization strategies, smart contract auditing, tokenomics consulting, blockchain security analysis, liquidity provisioning, on-chain asset management, and educational workshops. They define the legal framework for our professional relationships and ensure mutual understanding.
Acceptance of Terms
Your use of any Verity Bloom service, platform, or website content constitutes explicit acceptance of these Terms & Conditions. If you do not agree to these terms, please refrain from using our services. Continued engagement after any modifications signifies your ongoing acceptance.
Modification Procedures
Verity Bloom reserves the right to modify or update these Terms & Conditions at any time. We will notify clients of significant changes via email or prominent notice on our website prior to the changes becoming effective. It is your responsibility to review these terms periodically for updates. The updated terms will be effective immediately upon publication unless otherwise specified.
Governing Law and Jurisdiction
These Terms & Conditions shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of law principles. Any legal action or proceeding arising out of or related to these terms or services shall be brought exclusively in the federal or state courts located in San Francisco, California.
Service Delivery and Performance Standards
Our commitment to excellence is underpinned by transparent service agreements and clearly defined performance metrics.
Consulting Scope & Deliverables
Each consulting engagement with Verity Bloom will be accompanied by a detailed Statement of Work (SOW) outlining the specific scope of services, measurable deliverables, and expected outcomes. This ensures complete clarity and alignment on project objectives from inception.
Timeline Commitments & Milestones
Projects are managed with precision. The SOW will specify mutually agreed-upon timelines, key milestones, and critical path dependencies. Verity Bloom utilizes agile methodologies to ensure efficient progress and timely delivery, with regular progress reports provided.
Quality Assurance & Guarantees
Verity Bloom stands by the quality of its work. Our smart contract audits adhere to industry best practices, and our strategic advice is rigorously researched. While DeFi environments carry inherent risks, we guarantee our professional diligence and commitment to the highest standards.
Change Request Procedures
Flexibility is key in dynamic industries. Any substantial changes to the project scope, deliverables, or timelines will be managed through a formal change request process, requiring mutual written agreement, ensuring transparency in adjusted costs and schedules.
Payment Terms and Billing Procedures
Our billing practices are designed for clarity and convenience, supporting both traditional and decentralized payment methods.
Payment Schedules & Invoicing
For consulting and development services, payment schedules are typically milestone-based or retainer-based, as detailed in your specific SOW. Invoices will be issued promptly upon the completion of agreed milestones or at predetermined intervals. Payment terms are net 15 days from the invoice date.
Accepted Payment Methods
Verity Bloom accepts traditional fiat payments via bank transfer (USD) and a selection of major cryptocurrencies (e.g., ETH, USDC) for services. Specific cryptocurrency addresses will be provided securely upon agreement. Clients are responsible for any network fees associated with crypto transactions.
Late Payment Policies
Invoices unpaid beyond the net 15-day period may be subject to a late fee of 1.5% per month, or the maximum rate permitted by law, whichever is lower, calculated from the due date. Continued non-payment may result in the suspension of services.
Refund Policy & Satisfaction Guarantee
Due to the nature of our bespoke consulting and development services, refunds are generally not offered for work completed as per the SOW. However, client satisfaction is paramount. Should you have concerns regarding service delivery, please contact us immediately to discuss potential resolutions.
Limitation of Liability and Risk Disclosures
Operating in the decentralized space requires a clear understanding of inherent risks. We provide comprehensive disclosures to ensure informed engagement.
Professional Liability Limitations
Verity Bloom's liability for services rendered, including consulting and audit functions, is limited to the fees paid for the specific services giving rise to the claim. We are not liable for indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly.
DeFi Market Risk Disclosures
Engaging with decentralized finance (DeFi) involves significant financial risks, including but not limited to market volatility, impermanent loss, liquidity risks, smart contract vulnerabilities, and regulatory uncertainties. Verity Bloom provides strategic and technical advice, but does not offer financial advice, nor does it guarantee specific investment outcomes. Clients acknowledge and assume all risks associated with DeFi markets.
Smart Contract Risk Acknowledgments
While Verity Bloom conducts thorough smart contract audits, no audit can guarantee 100% security or immutability against all potential vulnerabilities or novel attack vectors. Clients acknowledge the inherent risks associated with deploying and interacting with smart contracts on public blockchains.
Force Majeure & Service Interruption
Verity Bloom shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including but not limited to acts of God, war, terrorism, block production halts, network congestion, or major protocol upgrades. We will make reasonable efforts to resume services as quickly as feasible.