USER AGREEMENT FOR GOATTALE NETNAIRA SERVICE

Terms of Service

THE FOLLOWING AGREEMENT(USER AGREEMENT) LAYS OUT THE TERMS AND CONDITIONS UNDER WHICH GOATTALE NETWORKS COMPANY® WILL PROVIDE ITS NETNAIRA® ACCOUNT SERVICES. THIS AGREEMENT DESCRIBES USER’S RIGHTS AND OBLIGATIONS WHEN USING THESE SERVICES. TO CREATE A NETNAIRA ACCOUNT, OR USE THE NETNAIRA SERVICE OR WEBSITE(www.netnaira.com), USER MUST READ, AGREE WITH, AND ACCEPT ALL OF THE TERMS AND CONDITIONS CONTAINED IN THIS AGREEMENT AND THE PRIVACY POLICY, WHICH INCLUDE THOSE TERMS AND CONDITIONS EXPRESSLY SET OUT BELOW AND THOSE INCORPORATED BY REFERENCE.

THIS AGREEMENT IS SUBJECT TO MODIFICATION AT ANY TIME BY GOATTALE NETWORKS COMPANY WITHOUT NOTIFICATION OF USER. EXCEPT AS STATED BELOW, ALL AMENDED TERMS SHALL BE EFFECTIVE 7 DAYS AFTER THEY ARE INITIALLY POSTED ON OUR SITE.

USER MUST BE INDIVIDUALS OR BUSINESSES THAT CAN FORM LEGALLY BINDING CONTRACTS UNDER APPLICABLE LAW. HENCE OUR SERVICE IS NOT AVAILABLE TO PERSONS UNDER THE AGE OF 18.

IN THIS AGREEMENT, "YOU" OR "YOUR" REFERS TO ANY INDIVIDUAL OR ENTITY USING THE SERVICE ("USER"). UNLESS OTHERWISE STATED, "NETNAIRA," "WE" OR "OUR" WILL REFER COLLECTIVELY TO GOATTALE NETWORKS COMPANY.

1. NETNAIRA IS NOT A BANK, ESCROW NOR TRUSTEE BUT ONLY HELPS TO FACILITATE PAYMENTS BETWEEN USER AND THIRD PARTIES. HENCE NETNAIRA IS NOT SUBJECT TO BANKING REGULATIONS.
   
   
   
2. NETNAIRA IS ONLY A PAYMENT SERVICE PROVIDER. WE DO NOT HAVE ANY
   CONTROL OVER THE PRODUCTS OR SERVICES THAT ARE PAID FOR WITH OUR SERVICE AND WE CANNOT ENSURE THAT A BUYER OR A SELLER(MERCHANT) YOU ARE DEALING WITH WILL ACTUALLY COMPLETE THE TRANSACTION.
   
   
   
3. USER MUST PROVIDE US WITH VALID AND ACCURATE IDENTIFYING INFORMATION AS REQUIRED. NETNAIRA MAY USE BANK INFORMATION, COMPANY REGISTRATION DETAILS AND OTHER MEANS TO VALIDATE USER IDENTITY. HOWEVER, SINCE INTERNET VALIDATION IS DIFFICULT, NETNAIRA CANNOT AND DOES NOT GUARANTEE ANY USER'S IDENTITY.
   
   
   
4. IN THE EVENT THAT YOU HAVE A DISPUTE WITH ONE OR MORE USERS, YOU RELEASE NETNAIRA (AND OUR OFFICERS, DIRECTORS, AGENTS, SUBSIDIARIES, JOINT VENTURES AND EMPLOYEES) FROM ANY AND ALL CLAIMS, DEMANDS AND DAMAGES (ACTUAL AND CONSEQUENTIAL) OF EVERY KIND AND NATURE ARISING OUT OF OR IN ANY WAY
   CONNECTED WITH SUCH DISPUTES.
   
   
   
5. IN NO EVENT/CONDITION SHALL WE BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH OUR WEB SITE, OUR SERVICE, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE). OUR LIABILITY TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE ACTUAL AMOUNT OF DIRECT DAMAGES.
   
   
   
6. USER IS RESPONSIBLE FOR THE PROTECTION OF USER’S PASSCODE, SECURITY QUESTION AND ANSWER THAT GIVES ACCESS TO USER’S NETNAIRA ACCOUNT. USER AGREES THAT, IN THE EVENT OF THE LOSS OR MISUSE OF USER’S PASSCODE, SECURITY QUESTION AND ANSWER, WE DISCLAIM ALL LIABILITY FOR SUCH LOSS. USER SHALL INDEMNIFY AND HOLD HARMLESS NETNAIRA FOR RELYING ON TRANSACTIONS AUTHORIZED USING USER’S PASSCODE, SECURITY QUESTION AND ANSWER PRIOR TO SUCH TIME AS USER NOTIFIES US THAT USER’S PASSCODE, SECURITY QUESTION OR ANSWER HAS BEEN COMPROMISED.
   
   USER ACKNOWLEDGES AND ACCEPTS THAT IN THE CASE OF A CLAIM OF UNAUTHORIZED SPENDS, THE PRESUMPTION SHALL BE THAT ALL SPENDS ARE AUTHORIZED BY AND ARE THE LIABILITY OF THE USER. USER MUST NOT DIVULGE USER’S PASSCODE, SECURITY QUESTION AND/OR ANSWER TO ANYONE ELSE, NOR MAY USER USE ANYONE ELSE’S PASSCODE, SECURITY QUESTION AND ANSWER. USER AGREES THAT NETNAIRA WILL TREAT ANY PERSON ACCESSING USER’S ACCOUNT USING USER’S PASSCODE, SECURITY QUESTION AND ANSWER AS THE USER. WE ARE NOT RESPONSIBLE FOR LOSSES INCURRED BY USER AS A RESULT OF USER’S MISUSE OF A PASSCODE, SECURITY QUESTION AND ANSWER.
   
   
   USER AGREES THAT ANY ACTION TAKEN BY ANY PERSON USING USER’S PASSCODE, SECURITY QUESTION AND ANSWER SHALL BE BINDING ON USER.
   
   
   
7. NETNAIRA IS NOT LIABLE FOR ANY LOSS OR DAMAGE OF WHATEVER NATURE ARISING FROM/CAUSED BY THE LOSS, THEFT, UNAUTHORISED USE OR SALE AND/OR MANUFACTURE OF NETNAIRA PINS/CARD.
   
   
   
8. SELLER ACCOUNT OWNER AGREES TO BE TOTALLY RESPONSIBLE FOR THE SAFETY, SECURITY AND USE OF PINS GENERATED IN HIS ACCOUNT.
   
   
9. PRIVACY POLICY: WE DO NOT SELL OR RENT YOUR PERSONAL INFORMATION TO THIRD PARTIES FOR MARKETING PURPOSES WITHOUT YOUR CONSENT. WE WILL NOT VIOLATE THE PRIVACY OF ANY CARD HOLDER THAT TRANSACT WITH OR THROUGH US.
   WE VIEW PROTECTION OF USERS' PRIVACY AS A VERY IMPORTANT PRINCIPLE. WE UNDERSTAND CLEARLY THAT YOU AND YOUR INFORMATION ARE ONE OF OUR MOST IMPORTANT ASSETS. WE STORE AND PROCESS YOUR INFORMATION ON COMPUTERS LOCATED IN THE UNITED STATES THAT ARE PROTECTED BY PHYSICAL AS WELL AS TECHNOLOGICAL SECURITY DEVICES. YOU SHOULD ONLY LOG IN TO YOUR NETNAIRA ACCOUNT ON A PAGE WHICH BEGINS WITH HTTPS://WWW.NETNAIRA.COM/. ALL OF OUR SECURE PAGES BEGIN WITH HTTPS://WWW.NETNAIRA.COM/ AND THEREFORE YOU SHOULD NOT USE ANY OTHER SITE THAT DOES NOT BEGIN AS SUCH. WE USE THIRD PARTIES TO VERIFY AND CERTIFY OUR PRIVACY PRINCIPLES. IF YOU OBJECT TO YOUR INFORMATION BEING TRANSFERRED OR USED IN THIS WAY, PLEASE DO NOT USE OUR SERVICES.
   
   
   
10. ACCOUNT CLOSURE – YOUR NETNAIRA ACCOUNT REMAINS WITH US EVEN IF YOU DO NOT ACCESS IT OVER LONG PERIODS. WE MAY CLOSE YOUR NETNAIRA ACCOUNT ON YOUR DIRECTIONS. THIS WOULD OCCUR WITHIN A 14 DAYS PERIOD AFTER WE RECEIVE YOUR ORDER TO DO SO.
    WE MAY OTHERWISE TERMINATE OUR CONTRACT WITH YOU AND CLOSE YOUR NETNAIRA ACCOUNT ON 14 DAYS NOTICE. PLEASE ALSO READ THE TERMS BELOW IN RELATION TO WHERE WE MAY TERMINATE OR SUSPEND YOUR ACCOUNT IMMEDIATELY DUE TO SUSPECTED CRIMINAL USE OF YOUR NETNAIRA PERSONAL ACCOUNT.

    WE MAY CLOSE YOUR NETNAIRA ACCOUNT IMMEDIATELY IF AT ANY TIME WE REASONABLY THINK THAT:-

    (a)YOU HAVE GIVEN US ANY FALSE INFORMATION IN CONNECTION WITH ANY NETNAIRA ACCOUNT;

    (b)YOUR ACCOUNT IS BEING OR HAS BEEN USED ILLEGALLY (BY YOU OR BY SOMEONE ELSE); OR

    (c)YOU HAVE BEEN IN PERSISTENT BREACH OF THESE CONDITIONS.