- Eligibility, Acknowledgements, and Conditions of Use
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You must be at least 18 years old and be legally capable of forming a binding
contract in your country of residence. 2. You are not a person barred under
the laws of the United States, your place of residence, or any other
applicable jurisdiction. 3. You agree that you have read, understand and
accept (i) all of the terms and conditions contained in these Terms and (ii)
the Company’s Privacy Policy,
Cookie Policy, and
E-Sign Consent Policy. You
acknowledge and agree that you will be bound by these Terms and any other
applicable agreements and policies. 4. You are knowledgeable, experienced,
and sophisticated in using and evaluating blockchain and related technologies
and digital assets, including Arc.
- You acknowledge and agree that: (i) transactions on Arc involve real-world value and may result in the permanent loss of digital assets; (ii) once confirmed on Arc, transactions are irreversible and cannot be canceled, reversed, or recalled; (iii) neither the Company nor any Validator has the ability to custody, control, or gain access to your digital assets, private keys, or wallets, (iv) neither the Company nor any Validator has the ability to recover digital assets or correct transaction errors; (v) data recorded on Arc is immutable and cannot be altered or deleted by the Company or any Validator; (vi) Arc is an open, permissionless ledger that any user may read from and (subject to these Terms and applicable Legal Requirements) submit transactions to without authorization from the Company; (vii) the Company may, from time to time and in its sole discretion, propose, deploy or facilitate protocol upgrades, parameter changes, software releases or other changes to the Network, in each case subject to the Network’s then-current consensus mechanism and governance; (viii) the Company’s role in operating, validating, securing or governing the Network may diminish, increase, change in scope, transfer to one or more third parties, or cease entirely over time, and you have no claim or recourse against the Company in respect of any such change; (ix) neither the Company nor any Validator has the obligation or ability to reverse, recall, recover, modify, correct, exclude, censor or otherwise act upon any confirmed transaction or asset on Arc, and is not responsible for the validation, ordering, inclusion or finality of any transaction; and (x) you assume sole responsibility for, and neither the Company nor any Validator shall be liable with respect to, any acts, omissions, gains or losses arising out of or relating to your use of, or access to, Arc or the Testnet. Without limiting the foregoing, the Company has no duty to continue operating any Company-operated interface, support function, validator role, governance role, security function, documentation set, developer tool, or other resource relating to Arc or the Testnet, and no duty to support, maintain, or pursue any particular roadmap, feature, token design, gas mechanism, validator composition, governance framework, third-party ecosystem activity, or other aspect of network evolution.
- Your ability to transact on Arc depends on your ability to obtain and use USDC to pay gas fees. USDC is issued by Circle Internet Group, Inc. pursuant to the USDC Terms available at https://www.circle.com/legal/usdc-terms, which are independent of these Terms. Pursuant to the USDC Terms, Circle Internet Group, Inc. may, in its capacity as USDC issuer, freeze USDC at specific wallet addresses. Any such action may render an affected address unable to pay gas fees and therefore unable to submit transactions on Arc. The Company does not control issuer actions taken with respect to USDC under the USDC Terms and has no obligation to reverse or remedy any such action, provide an alternative gas payment mechanism, or compensate you for any resulting inability to access or use Arc.
- One or more deny lists identifying wallet addresses that are prohibited from submitting transactions on Arc or the Testnet may be implemented and enforced in connection with the operation of the Arc Network (each, a “Deny List”). As a result, certain wallet addresses may be subject to denial or restriction of access to Arc or the Testnet and you may be unable to submit transactions on Arc or the Testnet. Deny Lists may evolve over time to address safety, security, legal, regulatory, or network integrity concerns. Neither the Company nor any Validator shall have any liability to you or any third party arising from any Deny List designation or any resulting inability to access or transact on Arc or the Testnet.
- Your use is subject to certain limitations on access and use as set forth in these Terms, any documentation accompanying Arc and Testnet’s features or functionalities or as otherwise provided to you by the Company.
- You agree that: (i) you will not misrepresent your identity, or use any tool, technique or service (including any privacy-enhancing technology, virtual private network, mixer, anonymizing relay or similar service) for the purpose of (A) circumventing applicable Legal Requirements, including any Sanctions or Data Protection Laws, (B) defrauding, deceiving or harming any other person, or (C) evading detection of activity that would otherwise violate these Terms or applicable Legal Requirements (it being understood that the legitimate use of privacy-preserving features made available on or in connection with Arc is not, by itself, a violation of this clause); (ii) you will not engage in any intentional, negligent, unethical or unlawful conduct; and (iii) you will not intentionally or negligently make any false or misleading public statement that the Company has endorsed, sponsored or approved any of your products, services or activities. If the Company believes, in its sole discretion, that you have breached or attempted to breach or circumvent these Terms, the Company may, without prior notice, suspend, restrict or terminate your access to any Company-operated interface, front-end, support channel, developer tooling or other Company-controlled resource through which you access Arc or the Testnet. The Company does not, by these Terms, undertake any obligation or assert any general ability to block, censor, reorder, exclude or reverse transactions on Arc at the protocol or validator layer, and any Company action with respect to validator-level or protocol-level controls (if any) is governed solely by the then-current network policies and applicable Legal Requirements as determined by the Company in its sole discretion.
- You may receive updates and information from the Company that constitute Confidential Information. “Confidential Information” means any information or data, regardless of whether it is in tangible form, that is disclosed or otherwise made available by the Company to you and that is (i) in tangible form and labeled or marked confidential or proprietary, (ii) if disclosed orally is designated as confidential or proprietary at time of disclosure, or (iii) information that a reasonable person knows or should have known to be confidential or proprietary given the nature of the information and the circumstances surrounding disclosure. Any information disclosed by an affiliate of the Company shall be treated as if disclosed by the Company. All Confidential Information is the sole and exclusive property of the Company and may be used by you only for assisting us in resolving any security issue you have reported to us. You agree not to disclose such Confidential Information or any announcement that the Company notes as embargoed without the Company’s prior written consent. You may disclose Confidential Information when compelled to do so by Legal Requirements if you provide us with reasonable prior notice unless a court orders that we not receive notice.
- You acknowledge and understand that: (i) activity on Arc and Testnet is public and may be viewed or recorded by anyone, and information written to Arc may be permanently public, searchable and impossible to fully delete, and may persist on Arc, the Testnet or any third-party fork or copy thereof indefinitely, even after termination of these Terms or any change to the features available on Arc; (ii) you should not input personal, confidential, or proprietary information on Arc or Testnet, and you are solely responsible for determining the lawfulness and appropriateness of any information you choose to input or transmit on or through Arc or Testnet (including through any privacy-preserving feature); and (iii) the Company and its affiliates, contractors and service providers may collect, generate, aggregate, derive and use telemetry, technical, diagnostic, usage and other data in connection with the operation, security, maintenance, improvement, analysis and provision of Arc, the Testnet and other products and services, for the purposes of operating, securing, maintaining and evaluating Arc and Testnet, as further described in the Privacy Policy.
- If applicable, the Company may use your data and information you provide solely to the extent necessary to fulfill its obligations under these Terms and to comply with applicable Legal Requirements.
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You agree to comply with any and all applicable “Data Protection Law(s)”
(which means, collectively, all Legal Requirements that apply to
processing of personal data under or in connection with these Terms,
including applicable international, national, federal, state, provincial,
and local laws, rules, regulations, directives and governmental
requirements relating to privacy, data protection, or security) that may
apply to performing your obligations under these Terms. The obligations
include, without limitation:
- providing notices of data breach as required by applicable Data Protection Laws; and
- processing data only in accordance with the Company’s Privacy Policy, as well as your own privacy policies.
- You and the Company agree that neither is the data processor of the other party under any applicable Data Protection Law, nor are you and the Company acting together as joint data controllers. To the extent any personal data is processed in connection with Arc, each party acts as an independent controller with respect to its own processing of such personal data. You and the Company further agree that no monetary or other valuable consideration is provided to either party in exchange for any personal data associated with Arc and that data sharing conducted pursuant to these Terms does not constitute a sale of personal data under any applicable Data Protection Law.
- You agree to be solely responsible for the accuracy, quality, integrity and legality of all information you share with the Company or its affiliates.
- You acknowledge and agree that, in deploying Arc or Testnet, the Company is not acting in any capacity as a money transmitter or money services business (or equivalent regulated entity under applicable Legal Requirements), and the Company does not provide any regulated financial services in connection with Arc, an open source permissionless infrastructure, or the Testnet.
- You are responsible for obtaining the data network access necessary to use Arc and Testnet. Mobile network data and messaging rates and fees may apply if you access or use Arc or Testnet from a mobile device. You are responsible for acquiring and updating compatible hardware or devices necessary to access and use Arc, Testnet and their features and functionalities and any updates thereto. The Company does not guarantee that Arc or Testnet, or any portion thereof, will function on any particular hardware or devices. In addition, Arc and Testnet and their features and functionalities may be subject to malfunctions and delays inherent in the use of the Internet and electronic communications. We are not responsible for any delays, delivery failures, or damage, loss or injury resulting from any such issues.
- Third parties may elect to support, utilize or integrate Arc or Testnet on their platforms without any authorization or approval by the Company or anyone else. For example, as a result of the open source nature of Arc and Testnet, it is possible that a party unaffiliated with the Company could create an alternative version of the blockchain (a “fork”). Arc or Testnet access or support on any third-party platform does not imply any endorsement by the Company that such third-party services are valid, legal, stable or otherwise appropriate. Neither the Company nor any Validator is responsible for any losses or other issues you might encounter using Arc or Testnet in connection with any third-party forks, platforms, blockchains, protocols, technologies, products or services. Neither the Company nor any Validator has any ability or obligation to prevent or mitigate attacks or resolve any other issues that might arise with any third-party forks, platforms, blockchains, protocols, technologies, products or services. Any such attacks or issues related to any third party might materially impact you, and neither the Company nor any Validator shall bear any responsibility for any losses that result from such attacks or issues. It is your responsibility to ensure that you are accessing Arc and Testnet through your intended user interface.
- You are aware of and accept the risk of operational challenges with the Network launch, Arc’s operation, and Testnet. The Company may experience sophisticated cyber-attacks, unexpected surges in activity or other operational or technical difficulties that may cause interruptions to Arc or Testnet. You understand that Arc and Testnet may experience operational issues that lead to delays. You agree to accept the risk of any issues resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold the Company accountable for any related losses.
- You represent, warrant, and covenant that (i) you shall comply with all applicable Legal Requirements; (ii) your use of Arc and Testnet is and will at all times comply with all Legal Requirements and these Terms; (iii) you will not use Arc or Testnet, or permit the use of the foregoing by any third party, in any manner that is fraudulent, unlawful, deceptive or abusive; (iv) you will not use Arc or Testnet from a Restricted Territory or any jurisdiction that we have, in our sole discretion, or a relevant Regulatory Authority has determined is a jurisdiction where the use of Arc and Testnet is prohibited under Legal Requirements; (v) you are not a Sanctions Target; and (vi) you will not use Arc or Testnet to benefit or support any Restricted Territories or Sanctions Targets. For the purposes of these Terms: (1) “Legal Requirement” means applicable federal, state, and local laws, statutes, and regulations, and all applicable orders, judgments, decisions, rules, policies, opinions, attorney general opinions, or guidelines passed or issued by any Regulatory Authority or any competent court, Data Protection Laws, Sanctions, anti-corruption laws (including the Foreign Corrupt Practices Act and the UK Bribery Act), and all foreign laws regarding the same, relating to these Terms or otherwise applicable to either you or us, as the same may be amended and in effect from time to time; (2) “Restricted Territory” means a region, territory or country subject to Sanctions; (3) “Regulatory Authority” means any governmental, regulatory authority or law enforcement department, court, agency, commission, board, tribunal, crown corporation or other law, rule or regulation making entity (including any stock exchange or central bank) that either you or we submit to or are subject to the jurisdiction of in respect of these Terms, and any successor or replacement of any of the foregoing; (4) “Sanctions” means any Legal Requirement imposing sanctions, restrictions, or prohibitions on financial transactions or other business dealings that is administered or enforced by the U.S. Government (including the U.S. Department of Treasury’s Office of Foreign Assets Control, the U.S. Department of Commerce, or the U.S. Department of State and including designation as a “specially designated national” or blocked person), the United Nations Security Council, and all other relevant international sanctions authority, including any executive orders issued in relation to the imposition of sanctions; (5) “Sanctions Target” means any person that is: (A) included on any list of designated persons maintained by any Regulatory Authority pursuant to Sanctions, (B) organized, located or resident in a Restricted Territory, or (C) otherwise the target of any Sanctions such that a person is prohibited from dealing with such person, including as a result of being owned or controlled by any person or persons described in the foregoing subsection (A) or (B).
- For the avoidance of doubt, enforcement of the Terms is solely in our discretion and the absence of enforcement of these Terms in some instances does not constitute a waiver of our right to enforce the Terms in other instances. These Terms may be enforced by the Company or by any of its affiliates. In addition, these Terms do not create any private right of action on the part of any third party or any reasonable expectation or promise that either Arc or Testnet will not contain any content that is prohibited by the Terms.
- Access Prohibitions
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resell, rent, lease, sublicense or otherwise commercialize access to any
Company-operated interface, front-end, API, RPC endpoint or other
Company-controlled resource through which Arc or the Testnet is accessed,
except as expressly permitted by the Company in writing or under a separate
written agreement with the Company (it being understood that this clause is
not intended to prohibit the operation of independent infrastructure
services, including third-party node, RPC, indexing or block-explorer
services, that interact with Arc through publicly available means and not
through Company-operated resources); 2. use or create a service that
functions substantially the same as Arc or Testnet, for the purpose of or
with the effect of: (i) spoofing or simulating Arc or Testnet; (ii)
misrepresenting your or any third party’s association with the Company; (iii)
misleading or confusing users about the origin, ownership, or operation of
any feature or functionality; or (iv) falsely implying sponsorship,
endorsement, or certification by the Company; 3. infringe or violate the
intellectual property rights or any other rights of anyone else (including
the Company) or attempt to decompile, disassemble, or reverse engineer Arc or
Testnet; 4. violate any applicable law or regulation, including without
limitation, and any applicable anti-money laundering laws, anti-terrorism
laws, export control laws, end user restrictions, privacy laws or economic
sanctions law/regulations, including those administered by the U.S.
Department of the Treasury’s Office of Foreign Assets Control;
- encourage, facilitate, or promote illegal activity, or use in a way that is dangerous, harmful, misleading, deceptive, threatening, harassing, defamatory, obscene, or otherwise objectionable;
- commit a tort while using Arc or Testnet;
- use Arc or Testnet in any manner that could interfere with, defraud, attack, disrupt, negatively affect, or inhibit other users from fully enjoying Arc or Testnet, or that could damage, disable, overburden, or impair the functioning of Arc or Testnet in any manner, including by (i) making any unsolicited offer or advertisement to another user of Arc or Testnet; (ii) attempting to collect personal information about another user or third party without consent; or (iii) interfering with or disrupting any network, equipment, or server connected to or used to provide Arc or Testnet, or violating any regulation, policy, or procedure of any such network, equipment, or server;
- attempt to circumvent any content filtering techniques or security measures that the Company employs on Arc or Testnet, or attempt to access any features or functionalities that you are not authorized to access;
- upload or introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material;
- provide false, inaccurate, or misleading information to the Company or otherwise on or in connection with your use;
- post content or communications through your use of Arc or Testnet that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable;
- post content through your use of Arc or Testnet containing unsolicited promotions, political campaigning, or commercial messages or any chain messages or user content designed to deceive or trick the user of Arc or Testnet; or
- encourage or induce any third party to engage in any of the activities prohibited under these Terms.
- Connecting a Digital Wallet
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Gas Fees
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All transactions on Arc will incur a gas fee. Gas fees consist of the
following fees, and are paid directly to the Validator that successfully
validates the applicable block:
- Base Fee. All transactions on Arc will be subject to the Base Fee which is a gas fee calculated based on the amount of computational resources required to process a transaction and network demand.
- Priority Fee. Priority Fee means an additional gas fee that a user may choose to pay to increase the relative prioritization of a transaction on Arc compared to other transactions.
- Arc Network gas fees will be denominated in USDC. To use Arc, you will need to obtain USDC to cover computational resources required to perform a transaction on Arc. It is your responsibility to: (i) ensure that you have a sufficient balance of USDC stored at your digital wallet address to complete any transaction on Arc before initiating such Arc transaction; and (ii) confirm the amount of USDC applicable to a particular Arc transaction before authorizing that transaction.
- Gas fees, including the rate, denomination, components, calculation methodology, payment recipient(s) and other parameters thereof, are determined under the Network’s then-current consensus mechanism, protocol parameters and governance, each of which may change from time to time. The Company makes no representation, warranty or commitment with respect to gas fee levels, fee market dynamics, the availability or value of any digital asset (including USDC) used to pay gas fees, or the continued use of any particular digital asset for gas fees, and is not responsible for any impact on you arising out of any change in any of the foregoing.
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All transactions on Arc will incur a gas fee. Gas fees consist of the
following fees, and are paid directly to the Validator that successfully
validates the applicable block:
- AI Agent Access
- Non-Validating Node Operators
- Third-Party Services and Content
- No Agency
- No Financial Services
- Non-Solicitation and No Professional Advice
- Submission of User Content
- Use of the Company Marks
- Ownership; Feedback
- Termination
- No Warranties
- Limitation of Liability
- Indemnity
- Third-Party Beneficiary Rights of Validators
- Modification of Terms
- ARBITRATION AGREEMENT
- Applicability of Arbitration Agreement. Subject to the terms of this Arbitration Agreement, you and the Company agree that any disagreement, controversy, or claim arising out of or relating in any way to your access to or use of Arc or the Testnet, any communications you receive, any products sold or distributed through Arc or the Testnet, or these Terms and prior versions of these Terms (each, a “Dispute”) will be resolved by binding arbitration, rather than in court, except that: (1) you and the Company may assert claims or seek relief in small claims court if such claims qualify and remain in small claims court; and (2) you or the Company may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyrights, and patents). For purposes of this Arbitration Agreement, “Dispute” will also include disputes that were not noticed at the time you first became subject to these Terms but that arose or involve facts occurring before the existence of this or any prior versions of these Terms as well as claims that may arise after the termination of these Terms.
-
Informal Dispute Resolution. There might be instances when a Dispute arises
between you and the Company. If that occurs, the Company is committed to
working with you to reach a prompt, low‐cost and mutually beneficial
resolution. You and the Company agree to participate in good faith informal
efforts to resolve Disputes before starting an arbitration or initiating an
action in small claims court (“Informal Dispute Resolution”). You and the
Company agree that as part of these efforts, either party has the option to
ask the other to meet and confer telephonically (“Informal Dispute
Resolution Conference”). If you are represented by counsel, your counsel
may participate in the conference, but you must also personally participate.
To initiate Informal Dispute Resolution, a party must give notice in writing
to the other party (“Notice”). Such Notice to the Company should be sent
by email to arbitration@circle.com. The
Notice must include: (1) your name, telephone number, mailing address, email
address, and wallet address(es) used to access Arc and/or the Testnet as
applicable; (2) the name, telephone number, mailing address and e‐mail
address of your counsel, if any; and (3) a description of the Dispute,
including the specific relief sought. The Company will send Notice, including
a description of the Dispute, to your email address or regular address on
file. It is your responsibility to ensure your email and regular address are
correct and remain up to date. The Notice must be signed by the party
initiating the Dispute (i.e., either you personally or a representative of
the Company).
The Informal Dispute Resolution process lasts 45 days and is a mandatory precondition to commencing arbitration. The Informal Dispute Resolution Conference, if requested by either party, shall be individualized such that a separate conference must be held each time either party initiates a Dispute, even if the same law firm or group of law firms or organizations represents multiple users in similar cases, unless all parties agree; multiple individuals initiating a Dispute cannot participate in the same Informal Dispute Resolution Conference unless all parties agree.
The statute of limitations and any filing deadlines shall be tolled while the parties engage in Informal Dispute Resolution. - Waiver of Trial in Front of Judge or Jury. YOU AND THE COMPANY HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY. You and the Company are instead electing that all Disputes shall be resolved by arbitration under this Arbitration Agreement, except as specified in Section 20(a). There is no judge or jury in arbitration, and court review of an arbitration award is subject to very limited review.
- Waiver of Class and Other Non-Individualized Relief. YOU AND THE COMPANY MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT ON A CLASS, REPRESENTATIVE, OR COLLECTIVE BASIS, AND THE PARTIES HEREBY WAIVE ALL RIGHTS TO HAVE ANY DISPUTE BE BROUGHT, HEARD, ADMINISTERED, RESOLVED, OR ARBITRATED ON A CLASS, COLLECTIVE, OR REPRESENTATIVE BASIS. ONLY INDIVIDUAL RELIEF IS AVAILABLE. Subject to this Arbitration Agreement, the arbitrator may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by the party’s individual claim. Nothing in this paragraph is intended to, nor shall it, affect the terms and conditions under Section 20(i). Notwithstanding anything to the contrary in this Arbitration Agreement, if a final decision, not subject to any further appeal or recourse, determines that the limitations of this Section 20(d) are invalid or unenforceable as to a particular claim or request for relief (such as a request for public injunctive relief), you and the Company agree that that particular claim or request for relief (and only that particular claim or request for relief) shall be severed from the arbitration and may be litigated in the courts located in the State of Delaware. The parties agree that any claims or requests for relief that are severed from an arbitration may not proceed in litigation and shall be stayed until all Disputes between the parties that remain in arbitration are finally resolved. All other Disputes shall be arbitrated, or litigated in small claims court. This Section 20(d) does not prevent you or the Company from participating in a class-wide or mass settlement of claims.
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Rules and Forum. These Terms evidence a transaction involving interstate
commerce; and notwithstanding any other provision herein with respect to the
applicable substantive law, the Federal Arbitration Act, 9 U.S.C. § 1 et
seq., will govern the interpretation and enforcement of this Arbitration
Agreement, including the procedures governing Batch Arbitration (defined
below), and any arbitration. If Informal Dispute Resolution does not resolve
satisfactorily within forty-five (45) days after receipt of a Notice, or
after completion of the Informal Dispute Resolution Conference, if requested,
you and the Company agree that either party shall have the right to finally
resolve the Dispute through binding arbitration.
The arbitration will be administered by the National Arbitration & Mediation (“NAM”) in accordance with the NAM Comprehensive Dispute Resolution Rules and Procedure (the “NAM Comprehensive Rules”) in effect at the time of arbitration, except as supplemented, where applicable, by the NAM Mass Filing Supplemental Dispute Resolution Rules and Procedures (the “NAM Mass Filing Rules”; together with the NAM Comprehensive Rules, the “NAM Rules”), and as modified by this Arbitration Agreement. The NAM Rules are currently available at https://www.namadr.com/resources/rules-fees-forms/.
A party who wishes to initiate arbitration must provide the other party with a request for arbitration (the “Demand”). The Demand must include: (1) the name, telephone number, mailing address, e‐mail address of the party seeking arbitration, as well as the wallet address(es) used to access Arc and/or the Testnet as applicable; (2) a statement of the legal claims being asserted and the factual bases of those claims; (3) a description of the remedy sought and an accurate, good‐faith calculation of the amount in controversy in United States Dollars; (4) a statement certifying completion of the Informal Dispute Resolution process as described above; and (5) a statement certifying that the requesting party will pay any necessary filing fees in connection with such arbitration. Any Demand you send to the Company should be sent by email to arbitration@circle.com. The Company will provide the Demand to your email address on file. It is your responsibility to keep your contact information up to date.
If the party requesting arbitration is represented by counsel, the Demand shall also include counsel’s name, telephone number, mailing address, and email address. Such counsel must also sign the Demand. By signing the Demand, counsel certifies to the best of counsel’s knowledge, information, and belief, formed after an inquiry reasonable under the circumstances, that, consistent with the standards set forth in Federal Rule of Civil Procedure 11(b): (1) the Demand is not being presented for any improper purpose, such as to harass, cause unnecessary delay, or needlessly increase the cost of dispute resolution; (2) the claims, defenses and other legal contentions are warranted by existing law or by a nonfrivolous argument for extending, modifying, or reversing existing law or for establishing new law; and (3) the factual and damages contentions have evidentiary support or, if specifically so identified, will likely have evidentiary support after a reasonable opportunity for further investigation or discovery (“Counsel’s Certification”).
Unless you and the Company otherwise agree, or the Batch Arbitration process discussed in Section 20(i) is triggered, the arbitration, including any in-person arbitration hearing, will be conducted in the city where you reside. Subject to the NAM Rules, the arbitrator may direct a limited and reasonable exchange of information between the parties, consistent with the expedited nature of arbitration. If NAM is not available to arbitrate, the parties will select an alternative arbitral forum. Your responsibility to pay any NAM fees and costs will be solely as set forth in the applicable NAM fee schedules (the “Fee Schedules”).
You and the Company agree that all materials and documents exchanged during the arbitration proceedings shall be kept confidential and shall not be shared with anyone except the parties’ attorneys, accountants, or business advisors, and then subject to the condition that they agree to keep all materials and documents exchanged during the arbitration proceedings confidential.
You and the Company agree that at least 14 days before the date set for an arbitration hearing, any party may serve an offer in writing upon the other party to allow judgment on specified terms. If the offer made by one party is not accepted by the other party, and the other party fails to obtain a more favorable award, the other party shall not recover any post-offer costs to which they otherwise would be entitled and shall pay the offering party’s costs from the time of the offer. - Arbitrator. The arbitrator will be either a retired judge or an attorney licensed to practice law in the state of Delaware and will be selected by the parties from NAM’s roster of consumer dispute arbitrators. If the parties are unable to agree upon an arbitrator within thirty-five (35) days of delivery of the Demand, then NAM will appoint the arbitrator in accordance with NAM Rules, provided that if the Batch Arbitration process under Section 20(i) is triggered, NAM, without soliciting input or feedback from any party, will appoint the arbitrator for each batch, subject to your right to object to that appointment.
- Authority of Arbitrator. The arbitrator shall have exclusive authority to resolve any Dispute, including, without limitation, disputes regarding the interpretation or application of the Arbitration Agreement, including the enforceability, revocability, scope, or validity of the Arbitration Agreement or any portion of the Arbitration Agreement, except that all Disputes regarding Section 20(d), including any claim that all or part of Section 20(d) is unenforceable, illegal, void or voidable, or that Section 20(d) has been breached, shall be decided by a court of competent jurisdiction and not by an arbitrator. The arbitrator shall have the authority to grant motions dispositive of all or part of any Dispute. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The award of the arbitrator is final and binding upon you and us. Judgment on the arbitration award may be entered in any court having jurisdiction.
- Attorneys’ Fees and Costs. Unless fee shifting is specifically authorized by law or by the NAM Rules, the parties shall bear their own attorneys’ fees and costs in arbitration unless the arbitrator finds that either the substance of the Dispute or the relief sought in the Demand was frivolous or was brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)). To the extent, following a presentation on the merits, on its own motion or a party’s, and after affording a reasonable opportunity to respond, an arbitrator determines that a party who commenced arbitration did not bring its claim(s) consistent with Counsel’s Certification and the standards set forth in Federal Rule of Civil Procedure 11(b), the parties agree that the arbitrator shall, as part of its award, impose sanctions by ordering that the initiating party reimburse the responding party for all arbitration filing and administrative fees and arbitrator costs the responding party incurred under the Fee Schedules. If you or the Company need to invoke the authority of a court of competent jurisdiction to compel arbitration, then the party that obtains an order compelling arbitration in such action shall be entitled to recover from the other party its reasonable costs, necessary disbursements, and reasonable attorneys’ fees incurred in securing an order compelling arbitration.
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Batch Arbitration. To increase the efficiency of administration and
resolution of arbitrations, you and the Company agree that in the event that
there are twenty-five (25) or more individual Demands of a substantially
similar nature filed against the Company by or with the assistance of the
same law firm, group of law firms, or organizations, within a reasonably
proximate period of time, for example, a ninety (90) day period, NAM shall
(1) administer the arbitration demands in batches of 100 Demands per batch
(or, if between twenty-five (25) and ninety-nine (99) individual Demands are
filed, a single batch of all those Demands, and, to the extent there are
fewer than 100 Demands remaining after the batching described above, a final
batch consisting of the remaining Demands); (2) appoint one arbitrator for
each batch; and (3) provide for the resolution of each batch on a
consolidated basis with one set of filing and administrative fees due per
batch, one procedural calendar, one hearing (if any) in a place to be
determined by the arbitrator, and one final award, which will provide for any
and all relief to which the arbitrator determines each individual party is
entitled (“Batch Arbitration”). NAM shall administer all batches
concurrently, to the extent possible.
All parties agree that Demands are of a “substantially similar nature” if they arise out of or relate to the same event or factual scenario and raise the same or similar legal issue(s) and seek the same or similar relief. To the extent the parties disagree on the application of the Batch Arbitration process, the disagreeing party shall advise NAM, and NAM shall appoint a sole standing Procedural Arbitrator or, should the circumstances so require, an Emergency Arbitrator, according to the NAM Rules, to determine the applicability of the Batch Arbitration process (the Procedural Arbitrator or Emergency Arbitrator, the “Administrative Arbitrator”). In an effort to expedite resolution of any such dispute by the Administrative Arbitrator, the parties agree the Administrative Arbitrator may set forth such procedures as are necessary to resolve any disputes promptly. The Administrative Arbitrator’s fees shall be paid by the Company.
You and the Company agree to cooperate in good faith with NAM to implement the Batch Arbitration process including the payment of single filing and administrative fees for batches of Demands, as well as any steps to minimize the time and costs of arbitration, which may include: (1) the appointment of a discovery special master to assist the arbitrator in the resolution of discovery disputes; and (2) the adoption of an expedited calendar of the arbitration proceedings.
This Batch Arbitration provision shall in no way be interpreted as authorizing or creating a class, collective, and/or representative arbitration or action of any kind, except as expressly set forth in this provision, and nothing about the Batch Arbitration process will preclude any party from participating in any arbitration administered according to that process. - 30-Day Right to Opt Out. You have the right to opt out of the provisions of this Arbitration Agreement by sending written notice of your decision to opt out to arbitration@circle.com, within thirty (30) days after first becoming subject to this Arbitration Agreement. Your notice must include your name and address, email address and wallet address(es) used to access Arc and/or the Testnet as applicable, and an unequivocal statement that you want to opt out of this Arbitration Agreement. Any opt-out notice will be effective only if you send it yourself, on an individual basis, and opt out notices from any third-party purporting to act on your behalf will have no effect on your or the Company’s rights. If you opt out of this Arbitration Agreement, all other parts of these Terms will continue to apply to you. Opting out of this Arbitration Agreement has no effect on any arbitration agreements that you may currently have with us, including any previous versions of this Arbitration Agreement to which you agreed and did not timely opt out, which will remain in effect, and has no effect on any arbitration agreements with us you may enter in the future.
- Invalidity, Expiration. Except as provided in Section 20(d) if any part or parts of this Arbitration Agreement (other than Section 20(i)) are found under the law to be invalid or unenforceable, then such specific part or parts shall be of no force and effect and shall be severed, and the remainder of the Arbitration Agreement shall continue in full force and effect. However, if Section 20(i) is found under the law to be invalid or unenforceable then, in that case, the entire Arbitration Agreement shall be void, and the parties agree that all Disputes will be heard in the state or federal courts located in Wilmington, Delaware. You further agree that any Dispute that you have with the Company as detailed in this Arbitration Agreement must be initiated within the applicable statute of limitation for that claim or controversy, or it will be forever time barred. Likewise, you agree that all applicable statutes of limitation will apply to such arbitration in the same manner as those statutes of limitation would apply in the applicable court of competent jurisdiction.
- Modification. You and we agree that the Company retains the right to modify this Arbitration Agreement in the future. Any such changes will be posted on https://arc.io, and you should check for updates regularly. Notwithstanding any provision in these Terms to the contrary, we agree that if Company makes any future material change to this Arbitration Agreement, it will notify you. Your continued use of Arc and/or the Testnet, including the acceptance of products and services offered on Arc or the Testnet following the posting of changes to this Arbitration Agreement, constitutes your acceptance of any such changes. If you have previously agreed to a version of these Terms with an arbitration agreement and you did not validly opt out of arbitration then, changes to this Arbitration Agreement do not provide you with a new opportunity to opt out of your previous agreement to arbitrate. The Company will continue to honor any valid opt outs of the Arbitration Agreement that you made to a prior version of these Terms.
- Governing Law
- Limitation on Time to Initiate a Dispute
- Assignment; Change of Control
- Other Provisions
- Survival