Terms and Conditions

TERMS AND CONDITIONS

These Terms and Conditions (“Terms”) govern your use of the Vercredx website and platform (the “Platform”). Together with our Privacy Policy, they form a legal contract between you and Vercredx. By accessing or using the Platform—whether by registering an account or making a purchase—you agree to these Terms. These Terms outline the rights and responsibilities of Vercredx and our users (buyers and project owners) and help prevent misunderstandings or disputes.

1. Acceptance and Eligibility

Agreement: You accept these Terms by creating an account on Vercredx or by using our services. If you do not agree, you must not access or use the Platform. We may amend the Terms at any time by posting updated terms on the site. Your continued use after changes means you accept the new Terms.

Who May Use Vercredx: You must be at least 18 years old (or the age of legal majority in your jurisdiction) to use the Platform. Nigeria’s Child Rights Act considers a child to be any person under 18dlapiperdataprotection.com. If you are under 18, you may not use our services. By using Vercredx, you warrant that you meet all eligibility requirements and are legally capable of entering into this agreement.

Account Registration: Certain features require an account. You agree to provide true, accurate, and complete information when creating your account. You are responsible for maintaining the confidentiality of your login credentials and for all activities under your account. You must notify us immediately of any unauthorized use or breach of your account. We may suspend or terminate your access if we suspect misuse.

2. Services and Transactions

Project Listings: Vercredx is a listing platform for afforestation projects that generate carbon credits. Project owners may list their
projects and associated carbon credits on our Platform. As a marketplace operator, Vercredx does not create, own, or guarantee
any carbon credits or projects. All project information (including environmental benefits or timelines) is provided by the project
owners, who are solely responsible for its accuracy. We strongly encourage buyers to review project details and documentation before purchase.

Carbon Credits: Carbon credits sold on Vercredx are voluntary offsets from listed projects. They represent claimed reductions in CO₂ or equivalent emissions. These credits are sold as commodities and are subject to market supply and demand. As in industry practice, a project’s credits “are not indefinitely available” and may be substituted if needed carbonclick.com. Carbon Click’s terms
exemplify this, noting market prices may fluctuate and credits can be switched between projectscarbonclick.com. Vercredx makes no promise about the efficacy of offsets; any stated “carbon footprint” or offset value is an estimate for illustrative purposes only. It should not be used to claim official carbon neutrality or legal compliance. Using our platform is not a substitute for obtaining legal or professional advice on environmental claims.

Purchases and Orders: To buy carbon credits, you must select a project’s offering and submit an order. All orders are subject to our acceptance. We will use reasonable efforts to confirm availability. However, Vercredx is not liable if a project’s credits sell out or
become unavailable after your order. Once you confirm an order, you agree to pay the full price displayed. Prices are set by the project owners and may include taxes or fees, which are your responsibility unless otherwise stated. We reserve the right to correct pricing errors. We will not purchase or reserve any credits on your behalf until we have received full payment.

Payment: All payments must be made at the time of purchase using the methods offered on the Platform (e.g. credit/debit card or
approved payment gateway). If you use a third-party payment service, you must comply with their terms. By providing payment information, you authorize us and our payment processors to charge you. If an electronic payment is returned or reversed (e.g. chargeback or insufficient funds), we may suspend your account and hold you liable for any shortfall or fees. Fraudulent payment attempts are prohibited.

3. Delivery and Returns

Delivery of Credits: Upon successful payment, Vercredx will arrange for the transfer or retirement of the carbon credits you purchased, as specified in the project details. Delivery is typically electronic: we may issue a retirement certificate or update your account to reflect the credits. No physical goods are shipped. Title to the credits passes to you upon payment, but you acknowledge that Vercredx itself does not “possess” the underlying environmental project.

Refunds and Cancellations: Given the nature of carbon credits (intangible and perishable in market terms), purchases are generally final. We do not offer routine refunds unless mandated by law. If an order was placed in error or if we are unable to fulfill it (e.g. project became unavailable), we will notify you and may issue a refund or credit at our discretion. Any cancellation rights required by consumer protection laws will be honored; for example, Nigerian law grants consumers clear rights to cancel under certain circumstances. We will not mislead you about cancellation or refund terms, in compliance with the FCCPA.

4. User Conduct and Obligations

Lawful Use: You agree to use the Platform only for lawful purposes. You must comply with all applicable laws and regulations (e.g. FCCPA, anti-corruption, anti-money laundering laws) when using Vercredx. Prohibited activities include: (a) impersonating others or providing false information; (b) infringing intellectual property or proprietary rights; (c) uploading malicious code (e.g. viruses); (d) interfering with the platform’s operation; (e) engaging in fraud or money laundering; (f) using Vercredx to facilitate any illegal transaction. Violating these rules may lead to account suspension or termination.

Intellectual Property: All content on Vercredx (including text, graphics, logos, and software) is the property of Vercredx or its licensors and is protected by copyright and trademark laws. You are granted a limited license to use the site for your personal transactions. You may not reproduce, distribute, or create derivative works without permission. User-contributed content (e.g. project descriptions) remains the property of the user, but you grant Vercredx a license to display it.

5. Disclaimers and Limitation of Liability

No Warranties: The Platform and all services are provided “as is” and “as available,” without any warranty. To the fullest extent permitted by law, Vercredx disclaims all guarantees, whether express or implied, including merchantability or fitness for a particular purpose. We do not guarantee uninterrupted access, error-free service, or specific outcomes (e.g. environmental impact). We rely on third-party infrastructure and data, so we cannot warrant their accuracy or reliability.

Limitation of Liability: Vercredx’s liability for any loss or damage is strictly limited. We will not be liable for any indirect, incidental, consequential, or special damages arising from your use of the platform (including loss of profits, loss of data, or personal injury). In all cases, our total liability will not exceed the amount you paid us in the 12 months preceding any claim. This limitation protects our business; as one legal source notes, e-commerce terms should explicitly exclude responsibility for damages customers incur after a purchase cloudflight.io.

Indemnification: You agree to indemnify and hold Vercredx, its affiliates, and their officers and employees harmless from any claims, damages, or expenses (including reasonable attorneys’ fees) arising out of your breach of these Terms or your use of the Platform (e.g. violation of laws, infringement of rights).

6. Modifications and Termination

Changes to Services: We reserve the right to modify or discontinue any part of the Platform (including projects, features, or content) at any time without notice. As a sample marketplace’s terms state, a platform may suspend or stop operating at any timemarket.climatetrade.com. You acknowledge that Vercredx is not liable for any modification, suspension, or discontinuance of the Platform.

Termination: We may suspend or terminate your account and access if you violate these Terms or for any other reason. If terminated, you must stop using the Platform and settle any outstanding obligations. The sections on disclaimers, limitation of liability, and user obligations will survive termination.

7. Governing Law and Dispute Resolution

Governing Law: These Terms are governed by the laws of the Federal Republic of Nigeria. You consent to the exclusive jurisdiction and venue of the Nigerian courts in Lagos State for any disputes. Any rights and remedies are subject to Nigerian law, including consumer protection statutes.

Dispute Resolution: If any dispute arises, we encourage you to contact us first to seek a resolution. If a dispute proceeds to litigation, neither party will restrict any rights required by law. Any statutory rights you have as a consumer in your jurisdiction are not waived by these Terms.

8. Miscellaneous

Entire Agreement: These Terms (along with the Privacy Policy) constitute the entire agreement between you and Vercredx regarding the Platform, superseding any prior agreements.

Severability: If any provision of these Terms is held invalid, the remainder will continue in effect.

No Waiver: Our failure to enforce any provision does not waive our right to do so later.

Contact Information: If you have any questions about these Terms, please contact us at support@vercredx.com.

By using Vercredx, you acknowledge that you have read, understood, and agree to all of the above Terms and our Privacy Policy.

Sources: Our policies align with Nigerian legal requirements and best practices