1. Acceptance of Terms

By accessing or using Vendor Cover’s services, you agree to comply with these Terms of Service. If you disagree with any part of these terms, you must refrain from using our services.

2. Description of Services

Vendor Cover provides a decentralized escrow service for high-value transactions, connecting buyers and sellers through trusted partners. These trust partners, vetted for their reputation and creditworthiness, act as intermediaries in transaction settlements to minimize risk.

3. Eligibility and User Responsibilities

  • Account Accuracy: Users must provide accurate, current, and complete information to establish and maintain their accounts. Any changes must be promptly updated.

  • Compliance: Users agree to comply with all applicable laws, including those related to anti-money laundering, fraud prevention, and financial reporting.

  • Prohibited Activities: Users must not engage in any unauthorized, fraudulent, or illegal activities on the platform. This includes attempting to circumvent Vendor Cover’s security measures.

4. Trust Partner Obligations

Trust Partners are selected individuals or companies that help facilitate and secure transactions. They are bound by additional agreements, including security deposit requirements, compliance guidelines, and periodic performance assessments.

5. Fees and Payment Terms

Vendor Cover charges a platform fee of [X%] per transaction. This fee supports the infrastructure, security, and services provided by Vendor Cover. Trust Partners earn a percentage of this fee as per the incentive structure outlined in their agreements.

6. Limitation of Liability

Vendor Cover is not liable for any indirect, incidental, or consequential damages that may arise from your use of our services. Liability for any direct damages will not exceed the fees paid by the user within the preceding six months.

7. Termination

Vendor Cover reserves the right to suspend or terminate user accounts in the event of a violation of these Terms or other agreements. Users may terminate their accounts by following the proper offboarding procedures.

8. Dispute Resolution

In the event of any disputes, users agree to resolve the issue amicably through Vendor Cover’s dispute resolution process. If unresolved, binding arbitration may be pursued, subject to applicable laws.