Last revised: August 20, 2017

This document regulates the general terms and conditions of use of the website of BIZNET available to the user at https://biznet.pw. BIZNET LLP is a juridical person No. OC416452, incorporated under the Limited Liability Partnerships Act 2000 and registered at Companies House, Cardiff, on March 20, 2017.

1. Scope and consent

By accessing and using the Biznet website at https://biznet.pw (the “Site”) and any services made available through the Site and described in a Service Description document (“Services”), you (“User”) agree to be bound by these Terms and Conditions (“Terms”). Privacy Policy, Service Description, Partner Program Description, and Risk Disclaimer are an integral part of these Terms and Conditions. The Services are owned and controlled by Biznet LLP, and the terms “we,” “us,” and “our” refer to Biznet LLP. These Terms affect your rights and obligations. If you do not agree to be bound by these Terms, do not access or use our Services.

2. Amendment

We reserve the right to change or modify the terms and conditions contained in these Terms, including but not limited to any policy or guideline of the Site, at any time and at our sole discretion. We will provide notice of these changes by posting the revised Terms to the Site and changing the “Last Revised” date at the top of the Terms, or by emailing users at their provided email addresses. Any changes or modifications will be effective immediately upon posting the revisions to the Site or at the instant that we transmit the information to the users (e.g. via email). The revised version of the Terms will be effective at the time we post it on the Site. You accept and agree to the changes if you continued use of the website following the posting of revised Terms and Conditions. You have to check this document periodically, so you are aware of any changes, as they are binding on you.

3. Eligibility

By accessing or using the Site, you represent and warrant that (a) you are at least 18 years old; (b) of sound mind and capable of taking responsibility for your own actions; (c) you can enter into a legally binding agreement with us according to the laws of your country of residence; (d) you are the person whose details are provided in connection with your registration; (e) you are acting as a principal and not as an agent on behalf of a third party; and that (f) you have not previously been suspended or removed from the Site. You agree to provide accurate registration information, including without limitation your correct name, country of residence, and telephone number, and inform us of any changes in such details. You also represent and warrant that you will not be using this site for any illegal activity, including but not limited to money laundering and the financing of terrorism.

4. Registration and account

In order to access and use the Services, you must create an account with Biznet (an “Account”). You agree to: (a) provide accurate, current and complete information when creating the account (this includes your real name, email and telephone number); (b) maintain the security and confidentiality of your login credentials and restrict access to your Account and your computer; (c) promptly notify Biznet if you discover or otherwise suspect any security breaches related to the Site; and (e) take responsibility for all activities that occur under your Account and accept all risks of unauthorized access.

Registration at Biznet Site is possible with a partner link only. Your partner is responsible for guiding you through the process of registration as well as answering all your questions regarding our services, marketing plan, or general questions about the company. It is not possible to change your partner after you have made your first investment. However, if your partner does not fulfill his obligations, we reserve the right to withhold referral commissions he/she receives from you, according to our Partner Program.

You are only allowed to have one account on this Site. Further, only one account for each household is allowed. Members of the same family and people living together and sharing the same IP address are allowed to have separate accounts only if those accounts are registered in different structures. Should Biznet believe, using its absolute and sole discretion, that you have registered and / or used more than one account; and / or acted in collusion with one or more other (family) individuals through a number of different accounts in order to receive higher referral commissions or bonuses across linked accounts, it reserves the right to withhold any referral commission or bonuses arising from such behavior or ban all accounts involved.

5. General conditions

Biznet grants you a limited, subject to these Terms, permission to access and use the Services, products, content, and materials (collectively, the “Content”) solely for services or information purposes. Any other use of the Services or Content is expressly prohibited. You agree not to copy, transmit, distribute, sell, resell, license, de-compile, modify, publish, incorporate into another website, or in any other way exploit any of the Content or any other part of the Services in whole or in part for commercial or non-commercial purposes. If you violate any portion of these Terms, your permission to access and use the Platform may be terminated pursuant to the Terms (Section 14: permanent withdrawal of service). In addition, we reserve the right to all remedies available at law and in equity for any such violation, Biznet, biznet.pw, and all logos related to Biznet are either trademarks or registered marks of Biznet, LLP. You may not copy, imitate or use them without Biznet’s prior written consent.

6. Service and partner program description

Biznet LLP offers services in connection with virtual goods (e.g. virtual currencies and cryptocurrencies). We provide a trust management platform (the “Platform”) that allows users to deposit virtual goods that mainly consist of virtual valuables and receive profit from them in accordance with our tariff plans. We undertake to provide management of the deposited virtual goods in the User’s best interest. We additionally offer a partner program, which allows users to conduct services for the Company and receive rewards in virtual goods, envisaged by our reward scheme. We take part in the virtual goods with the User’s account or character respectively until the conditions that were agreed-upon in our Service Description document are reached.

The detailed description of the service provided is outlined in our Service Description document, whereas partner reward program is presented in Partner Program Description document. Both documents are integral part of these Terms. By accepting these Terms, you automatically agree to the conditions of the provided Services.

7. User’s conduct and obligations

The User has the right to:

  • Sign up on the Site and create one account in the system according to the conditions described in Article 3 of these Terms;
  • Access his/her information without restrictions and free of charge by visiting his back office on the Site with the use of login and password;
  • Request that the Site administration update, block or delete his/her personal data, if such data are incomplete, outdated, untrue, unlawfully received or are not necessary for the continuation of the service;
  • Delete his account and discontinue use of our services at any time without observing a period of notice. However, any services associated with his account shall be regulated according to the provisions envisaged in the Service Description document of these Terms.
  • Use any services described in our Service Description document, under conditions described in this document, at own discretion;
  • Participate in our partner program described in Partner Program Description document, under conditions described in this document.

The User has the following obligations:

  • The User undertakes to comply with laws and good practices when using the Site and the information and material contained in the Site. This includes but is not limited to the following: not to exploit any of the Content or any other part of the Services in whole or in part for commercial or non-commercial purposes; not to use the Site for transmission of spam or other unauthorized communications; not to collect or store personal data of other users, etc.
  • With notice of criminal responsibility for false testimony, the User shall certify to us that any virtual goods used by him/her in connection with Biznet are owned by him and are clean, explicit, of non-criminal origin, free from third-party rights, and are received from legal sources.
  • The User shall understand and acknowledge all provisions described in these Terms, including all related documents, mentioned in Article 1.
  • The User agrees to permanently release Biznet, its directors, officials, employees, independent agents and representatives from any claims and responsibility for any losses, damages, taxes, fees, court costs and any other expenses that may arise as a result of any actions, provided services, or recommendations accepted according to these Terms.
  • The rights of the User shall not be transferred under any circumstances.

8. Biznet’s rights and obligations

Biznet reserves these rights:

  • Biznet has the right to decide who is eligible to use our Services. It can cancel accounts or decline to offer its Services to any individual at its sole discretion. It can change its eligibility criteria at any time. If law of the country of your residence prohibits such changes, then Biznet revokes your right to use our Services in that jurisdiction.
  • Biznet has the right to apply appropriate procedures to verify the information provided by the User. If the User does not verify his/her account in case he/she is asked to, Biznet may refuse to offer its Services.
  • Biznet has the right to change or modify our Service offers at its sole discretion. However, it undertakes to provide information regarding any such changes to the User either by posting it on the Site or by emailing users at their provided email addresses.
  • Biznet has the right to provide information regarding the User to third parties only in cases described in these Terms or envisaged by the law.
  • Biznet shall have other rights envisaged by the Terms and corresponding documents.

Biznet has the following obligations:

  • Biznet undertakes to provide access to the website and to any information about its Services without interruption. Biznet is not, however, responsible for the Site’s uninterrupted availability, timely or error-free operations caused by technical faults or by maintenance or installation work.
  • Biznet aims that the website information is current, up to date and correct. However, Biznet is not responsible for the accuracy, completeness or timeliness of the information, or its compatibility to any individual case. For the sake of readability and understandability some things may have been simplified or omitted, and there can be other relevant factors, which are not mentioned on the site. Legal information on the site is of general nature, and do not necessarily suit an individual case.
  • As the service provider, Biznet is obliged to provide the services announced by this website and described in Service Description document, according to the terms and conditions described in this document, except for the cases specified in Articles 14 and 23 of these Terms.
  • Biznet undertakes to effectively guarantee the privacy and confidentiality of the communications with the User, according to the conditions specified in Articles 10 and 11 and accompanying Privacy Policy document.
  • Biznet undertakes to answer all claims that might be brought by the User on a case-by-case basis. However, you understand and agree that we do not provide any particular trading recommendations, do not give any investing advice, do not provide market commentary, and do not consult on any particular transactions or any taxation issues.

9. Disputes between users

Biznet is not liable for any damages or losses related to your use of the Services. We do not become involved in disputes between users, or between users and any third party relating to the use of the Services. When you use the Services, you release Biznet from claims, damages, and demands of every kind – known or unknown, suspected or unsuspected, disclosed or undisclosed – arising out of or in any way related to such disputes and the Services. All agreements you make with other users of our Services or third parties are at your own risk. You are solely responsible for any resulting damage or loss to any party.

10. Privacy policy

Your privacy is important to us. We do not share any private information about our users with third parties unless required to do so by law enforcement, court order, or in compliance with legal reporting obligations.

The information you provide will be processed in accordance with our Privacy Policy. You authorize us, at any time, to use any means that we consider necessary to verify your identity with any third party providers of information. You agree to indemnify us and hold us harmless in respect of the release of any personal (or other) data pursuant to our Privacy Policy. You acknowledge that we do not assume any liability, without limitation, for any damage you may experience or costs you may incur as a result of any transmissions over the Internet or other publicly accessible networks, including but not limited to transmissions involving the Platform or e-mail with Biznet containing your personal information.

11. Confidentiality

The transmission of data or information (including communications by e-mail) over the Internet or other publicly accessible networks is not 100% secure, and is subject to possible loss, interception, or alteration while in transit. Accordingly, Biznet does not assume any liability, without limitation, for any damage you may experience or costs you may incur as a result of any transmissions over the Internet, including but not limited to transmissions involving the Site or e-mail with Biznet support containing your personal information.

While we take all possible precautions in order to keep the User’s account information secret and to avoid spying by a third party, you are obliged to enhance the security by means of encrypted data transmission and change of password after the service provision. In accordance with our Privacy Policy, in no event will the information you provide to us be deemed to be confidential, create any fiduciary obligations for us, or result in any liability for us in case that such information is negligently released by Biznet or accessed by third parties without our consent.

12. Third party content

We may provide third party content on the Site and may provide third party links to web pages and content that are not owned or controlled by us (including without limitation links to electronic payment system providers). We are not responsible for the terms of use or content of such third-party websites. You acknowledge and agree that Biznet is not responsible or liable in any matter for third party content and undertakes no responsibility to update or review any third party content and / or terms of use. You acknowledge that your use of such third party content is at your own risk, and that we are not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings as the results of the presence of such third party links on our Site.

13. Anti-money laundering policy

Biznet protects itself from involvement in any activity that facilitates money laundering, financing of terrorism, or other criminal activities. By accessing the Site, you certify to us that any funds used by you in connection with Biznet are owned by you and were obtained by legal means. In accordance with the requirements of international law, we thoroughly monitor all suspicious activities and transactions, and use our own internal policies to counter the financial of terrorism and legalization of income obtained by criminal means.

By agreeing to our Terms, you acknowledge, understand and accept that Biznet reserves the right to refuse to process any transaction at any stage if we suspect that the transaction is connected with money laundering or criminal activity. Further, we may require verification of users’ accounts and may implement policies restricting users’ access to our Services by nationality, country of residence, or any other factor. You also acknowledge, understand and agree that if a user or a user’s transaction is flagged as suspicious through our internal controls, we have the right to require additional proof of identification from the user and have the right to refuse the continuation of the service until additional and verifiable proof of identity is received and the security department has approved the user for use of the Site. Should the need arise, we also reserve the right to require that the funds on certain account be withdrawn only to the same account and in the same manner by which the deposit was made and that the recipient’s name must exactly match the name of the client in our database.

14. Permanent withdrawal of service

Biznet reserves the right to suspend or terminate your access to the Services, and to suspend and / or delete your Account as required by a court order, or if Biznet reasonably suspects you of breaching the rules of these Terms and / or using your Account in furtherance of illegal activity. You will be permitted to raise claims associated with your Account for thirty (30) days after Account deactivation or cancellation. If we are satisfied that you have acted in breach of these Terms or if we are formally requested by the police, taxation or other governmental, regulatory or enforcement authorities, we reserve the right to seize some or all of the funds in your account temporarily or permanently. All disputes shall be resolved on an individual basis through negotiations. You may not delete your Account to evade a legal investigation. In the event that a technical problem causes outage or account errors, Biznet may temporarily suspend access to your Account until the problem is resolved.

15. Indemnification

By accessing the Site you agree to indemnify, defend and hold Biznet, its affiliates and service providers, directors, employees, agents, and representatives, harmless from any claim or demand (including attorneys’ fees and costs and any fines, fees or penalties imposed by any regulatory authority) arising out of or related to your breach of these Terms, your use of Services, or your violation of any law, rule, or regulation, or the rights of any third party.

16. Disclaimer of warranties

Biznet provides no guarantee as to the performance or the uninterrupted availability of the Services. The Services are provided on an “as is,” “as available” basis without warranties of any kind, either expressed or implied. The User recognizes that the access and utilization of the Site may suffer interruptions and that the information on the Site may contain bugs, errors, technical failures, problems or other limitations. Furthermore, the access to the Site could be temporarily impossible due to technical reasons. Biznet will make reasonable effects to address all technical problems and to ensure that transactions on the platform are processed in a timely fashion, but makes no representations or warranties with respect to the amount of time needed to process some transactions, as some transfers maybe dependent upon many factors outside of our control.

17. Limitation of liability

Biznet shall have no liability for any damages of any kind (including without limitation indirect, special, incidental, consequential, or tort damages, or lost profits) in connection with your use of the Services, even if Biznet has been advised or is aware of the possibility of such damages. In no event will Biznet’s liability for money damages under these Terms exceed the amount of your personal investment received from you during the preceding three-month period.

18. Law and jurisdiction

These Terms and your use of the Services shall be governed by and construed in accordance with the laws of England and Wales. For any litigation that may occur between the User and Biznet, the courts of England and Wales shall be the exclusively competent entities. You hereby irrevocable and unconditionally consent and submit to the exclusive jurisdiction of such courts any suit, action or proceeding arising out of these Terms.

19. Resolution of disputes

Except for claims for injunctive or equitable relief or claims regarding intellectual property rights, all disputes and difference on any issues arising under your use of the Services shall be resolved on an individual basis through negotiations. If the agreement on the issues is not reached, the dispute is subject to judicial review in accordance with the laws of England and Wales. The prevailing party of any action or proceeding to enforce this agreement should be entitled to costs and attorney’s fees.

20. Severability

If any provision of these Terms and additional policies is deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed from these Terms and will not affect the validity and enforceability of any remaining provisions of these Terms and additional policies.

21. Integration

The failure of Biznet to exercise or enforce any provision of these Terms shall not constitute a waiver of such provision. These Terms and any policies posted by us constitute the entire agreement and understanding between you and us and govern your use of the Services. Any ambiguities in the interpretation of these Terms shall not be construed against the drafting party.

22. Risk disclosure

By accessing the website you acknowledge that you have read and understood our Risk Disclaimer document and that you are aware of and accept the risks described in this document. You should not use our Services if the presented risks are unacceptable for you in the light of your circumstances and financial resources.

23. Force majeure

In addition to applicable disclaimers stated above, Biznet’s performance under these Terms shall be excused in the event of interruption and/or delay due to, or resulting from, causes beyond its reasonable control, including but not limited to acts of any government, war or other hostility, civil disorder, natural disasters, embargo, acts of terrorism, power failure, acts of any third party data provider(s) or other third party information provider(s), third party software, or communication method interruptions.

24. Governing language and translations

You agree that these Terms, Biznet’s official news and information, as well as other notices posted through the Services or on the Site have been drafted in English. Although translations in other languages of any of the foregoing documents may be available, such translations are prepared for reference only and may not be up to date or complete. Accordingly, you agree that in the event of any conflict between the English language version of the foregoing documents and any other translations thereto, the English language version of such documents shall govern.

25. Questions and contact information

Please check our FAQ section and our latest news updates on the Site before contacting support.

To contact support, contact us through the online support chat available on the webpage. Please provide all relevant information, including your Biznet username, e-mail, telephone number, transaction IDs of any related payments or other necessary details of reported issues. Although we make no representations or provide no warranties about the speed of response, we typically get back to you within 48 hours.