Last Updated: December 1, 2024

Fraxit Terms of Service

Welcome to Fraxit! By accessing or using our platform, you agree to be bound by these Terms of Service (“Terms”). These Terms govern your use of Fraxit’s website, mobile app, and related services. If you do not agree with these Terms, you may not access or use our platform.

1. Overview

Fraxit offers a platform that allows users to invest in fractional shares of high-value assets. By using our platform, you agree to these Terms and all applicable laws and regulations. If you are accessing Fraxit on behalf of an organization, you represent that you have the authority to bind that organization to these Terms.

2. Eligibility

You must be at least 18 years old and legally capable of entering into contracts to use our platform. By using Fraxit, you confirm that you meet these eligibility requirements.

3. Account Registration

To use certain features of our platform, you may need to create an account. You agree to:
  • Provide accurate and complete information when creating your account.
  • Keep your account information up-to-date.
  • Maintain the security of your account by keeping your password confidential.
  • Notify us immediately if you suspect unauthorized access to your account.
You are responsible for all activities that occur under your account, whether authorized by you or not.

4. Investments and Transactions

Fraxit enables users to invest in fractional ownership of assets. By using the platform to make investments, you acknowledge that:Fraxit enables users to invest in fractional ownership of assets. By using the platform to make investments, you acknowledge that:
  • Investments carry risk, including the potential loss of capital.
  • Fraxit is not responsible for the performance of any asset or investment.
  • Your participation in the platform is voluntary, and you should consult with financial professionals if necessary.
All transactions on the platform, including investments, purchases, and sales, are subject to our transaction processing policies and fees.

5. Fees and Payments

You agree to pay all applicable fees for your use of Fraxit’s platform and services. The specific fees will be disclosed to you at the time of each transaction. All fees are non-refundable unless otherwise stated.

We may use third-party payment processors to facilitate transactions. By using Fraxit, you consent to the use of such processors and agree to abide by their terms of service.

6. Ownership and Intellectual Property

Fraxit and its licensors retain all intellectual property rights in the platform, including but not limited to the software, design, trademarks, logos, and content. You may not reproduce, modify, or distribute any part of the platform without Fraxit’s prior written consent.

By submitting any feedback, suggestions, or ideas to Fraxit, you grant us a non-exclusive, royalty-free, perpetual license to use, modify, and commercialize your feedback in any way without compensation.

7. User Conduct

When using the Fraxit platform, you agree that you will not:
  • Use the platform for any unlawful purposes.
  • Upload or distribute harmful software, including viruses or malware.
  • Interfere with the operation or security of the platform.
  • Attempt to gain unauthorized access to any part of the platform, systems, or user data.
  • Provide false or misleading information to Fraxit or other users.
Fraxit reserves the right to suspend or terminate your account if you violate these Terms or engage in prohibited conduct.

8. Limitation of Liability

To the fullest extent permitted by law, Fraxit, its affiliates, and its service providers will not be liable for any indirect, incidental, consequential, or punitive damages, including loss of profits, data, or use, arising from your use of the platform.

Fraxit provides the platform “as is” and makes no warranties of any kind, express or implied, regarding the platform’s operation, performance, or availability.

9. Indemnification

You agree to indemnify, defend, and hold Fraxit and its affiliates harmless from any claims, liabilities, damages, and expenses (including legal fees) arising from:
  • Your violation of these Terms.
  • Your use of the platform.
  • Your violation of any third-party rights, including intellectual property rights or privacy rights.

10. Termination

Fraxit reserves the right to suspend or terminate your account and access to the platform at any time, without notice, for any reason, including if you violate these Terms. Upon termination, your right to use the platform will cease immediately.

11. Governing Law

These Terms are governed by the laws of [Insert Jurisdiction], without regard to conflict-of-law principles. Any disputes arising out of or related to these Terms or your use of the platform will be resolved in the courts of [Insert Jurisdiction].

12. Changes to Terms of Service

Fraxit reserves the right to modify these Terms at any time. We will notify you of any significant changes by posting the updated Terms on our website and updating the “Last Updated” date. Your continued use of the platform after any changes indicates your acceptance of the revised Terms.

13. Contact Us

If you have any questions about these Terms or need assistance with the platform, please contact us at:

Contact Us

We’d love to hear from you

Fraxit

Po Box 81 Aspley QLD 4034

https://fraxit.com.au

Ready to take the first step?

Join our early access waitlist and be among the first to invest in a new era of ownership