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Terms

INTRODUCTION: OYT APPARELS Ltd. (“We”, or “OYT APPARELS”) registered in London, United Kingdom, is an upcoming casual fashion brand, and We are extending special memberships in the form of Non-fungible Tokens (NFTs), that give special lifetime discounts and OYT tokens, created and owned by OYT Apparels Ltd, website accessible at https://oytapparels.com. OYT APPARELS plans to utilize cryptographically secure blockchain organization management tools to automate and improve transparency and function in our memberships. 

PAYMENT AND TITLE: When you purchase OYT APPARELS NFTs from OYT Apparels Ltd, you agree to these terms of sale which apply to you and any subsequent person to whom you sell the NFT(s)  you purchased from OYT APPARELS to.   

All purchases of any NFTs are final and non-refundable, cannot be cancelled and require payment in full at the time of purchasing. Your purchased NFTS will be transferred to you ONLY upon full receipt of your payment to OYT APPARELS. You understand that title in the purchased NFT will not  pass to you until OYT APPARELS has received payment from you of the Purchase Price for the NFT in full and cleared funds.  

MEMBERSHIPS: We are offering for sale three types of digital collectibles (each a “Membership NFT”) as of November 30th, 2022. We offer a “Classic Membership” NFT (“Classic Membership”), “Elite Membership” NFT (“Elite Membership”), and a “Partner Membership” NFT (“Partner Membership”) The purchase of each NFT is a transaction in goods and not a promise to provide, or a guarantee of receipt of, future services from OYT APPARELS, although OYT APPARELS will make reasonable efforts to ensure that a utility comes into existence which allows you to unlock expanded functionality associated with the Membership NFTs. 

INTELLECTUAL PROPERTY: Except as expressly provided in these Terms of Sale OYT APPARELS shall retain sole and exclusive ownership of any and all rights, title and interest in any to any intellectual property rights in the  the NFTs  

DISCLAIMER: You understand and agree that the sale of Membership NFTs grants you no rights and carries with it no guarantee of future performance of any kind by OYT APPARELS. You are not entitled, as a holder of any Membership NFT, to receive dividends or profits or be deemed the holder of shares or membership interests of OYT APPARELS or any other person by virtue of your ownership of a Membership NFT, nor will anything contained herein be construed to convey on you any of the rights of a shareholder, partner, joint venture, member, manager, etc. or any right to vote for the election of directors, members, or managers or upon any matter submitted to shareholders, members, or managers at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights to purchase such shares or membership interests of OYT APPARELS. OYT APPARELS may in the future, however, offer holders of Membership NFTs the opportunity to participate in massively open online governance.  You acknowledge that by no means do you own a portion of any physical and digital assets by OYT APPARELS.  Any funds donated from OYT APPARELS to the community wallet are not guaranteed and are simply a donation.  

You understand that the development of OYT APPARELS business is in the initial stages, and you acknowledge that a significant proportion of the funds generated by the Membership NFT drop are expected to be retained by OYT APPARELS for any lawful business purpose. Your purchase of an NFT guarantees the value-adds and perks attached to the relevant version you purchased, and no payments will be returned. Membership NFTs will be created and delivered to any purchaser at the sole risk of the purchaser and on an “as-is” basis.  OYT APPARELS makes no representation and provides no warranty whatsoever in relation to the nature, description, uniqueness, functionality, operation, use, fitness, utility, compatibility, or interoperability of the NFTS, with digital platforms and/or software either now or in the future. 

outside of the context of these Terms of Sale, including but not limited to conversations of any kind, including but not limited to whether such statements are made through oral or electronic communication, or any White Paper, social media post or website. 

LIMITATION OF LIABILITY: To the fullest extent permitted by Law, OYT APPARELS has no liability to you in connection with the sale and purchase of the NFTS. Furthermore, OYT APPARELS has no liability for any errors, omissions, whether made orally or in writing in information made available related to the Memberships and NFTS.  

GOVERNING LAW AND JURISDICTION: The sale of the Membership NFT is governed by, and these Terms of Sale will be construed in accordance with, the laws of England and Wales, without regard to conflict of laws principles. All disputes with OYT APPARELS arising in out of or in connection with  these Terms of Sale in contract, torts or otherwise,  or the NFTs shall be brought and resolved solely and exclusively with the English Courts. 

If you have any questions please contact OYT APPARELS Ltd at support@oytapparels.com

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