Awareness of Risks
You should only own an NFT if you have the substantial technical knowledge and understand the specifics of the offering. Careful due diligence should be undertaken prior to purchasing the NFT. You must understand that your and others’ ownership may not result in a usable or valuable NFT or token and you may lose the entire value of your ownership.
You are encouraged to consider the advice and warnings about the significant risks of this sector (including the risk of loss of value and fraud) published by the following:
NFT Ownership Disclaimer
The purchaser of the NFT understands, acknowledges, and agrees that it is acquiring title to it solely for personal, non-commercial purposes and that it shall have no authority, right, title or interest in, to or in connection with the underlying copyrights, trademarks or other intellectual property or proprietary rights in and to the NFT, all of which remain solely and absolutely with the seller. In addition to the foregoing, the purchaser of the NFT understands, acknowledges, and agrees that it has no rights of reproduction or commercial exploitation of the NFT or the underlying copyrights, trademarks or other intellectual property or proprietary rights in and to the NFT, other than the right to sell, trade, donate, give away, or transfer the NFT itself. If at any time you sell, trade, donate, give away, or transfer the NFT to a new owner, title to the NFT shall be transferred to that new owner in accordance with the terms hereof, and you will have no further rights in or to the NFT. We make absolutely no promise or guarantee that these NFTs will subsequently retain monetary value in cash or cryptocurrency, or otherwise. We will not be liable to You or anyone else for any decision made or action taken in reliance on the information provided or for any consequential, special or similar damages, even if advised of the possibility of such damages.
Each Qualified Participant is solely and entirely responsible for any and all Commonwealth or State tax liabilities which may arise, be imposed, or enforced by the holder’s country of residence as a result of minting or reselling of the NFTs.
Disclaimers subject to change
The sale or use of NFTs may be prohibited under applicable laws. It is possible that existing regulations could be applied, or new regulations could be enacted, affecting blockchain technology-based applications and sales of NFTs such that any aspect of NFT projects could be negatively affected, requiring its modification or discontinuance and potentially resulting in the loss of value. In an effort to always be as compliant as possible with new practices, Bar Lulu Club Pty Ltd reserves the right to adapt and adjust these disclaimers, practices, promises, and roadmap at any time it deems necessary.
If you have any questions about this Disclaimer, You can contact Us: