Legal

Terms of Service

Effective: January 1, 2025 · Last Revised: April 1, 2025 · Version 3.0

Important: Please read these Terms of Service carefully before using the FANN platform. These Terms constitute a legally binding agreement between you and FANN Art Technologies Ltd ("FANN"). By accessing or using any part of the platform you agree to be bound by these Terms. If you do not agree, you must not use the platform.

1. Acceptance of Terms

By accessing or using the FANN platform, you agree to these Terms of Service, our Privacy Policy, and applicable platform policies. These terms form a legally binding agreement between you and FANN Art Technologies Ltd.

We may update these Terms from time to time. Material changes are communicated in advance. Continued use after updates means you accept the revised Terms.

2. Definitions

The following terms are used throughout these Terms with specific meanings:

Platform
The FANN website, apps, APIs, and related services.
Artwork
Any listed physical artwork, collectible object, or certified piece.
Seller
A user or entity listing artwork on FANN.
Buyer
A user or entity purchasing artwork or a fractional interest.
Certificate
A digital authenticity/provenance certificate issued after verification.

3. Eligibility & Registration

You must be at least 18 years old and legally capable of entering binding agreements. Account information must be accurate and kept up to date.

You are responsible for account security and all actions performed through your account credentials.

4. Platform Services

FANN provides marketplace, certification, fractional ownership, community, rewards, and developer/API capabilities.

Art Marketplace: Listing, discovery, and purchase of artworks.
Certification Services: AI-assisted and expert-reviewed verification.
Fractional Ownership: Fractional economic interests in selected artworks.

5. Identity Verification (KYC)

KYC verification is required for financial transactions to comply with AML and regulatory obligations.

Accounts may be restricted if verification is incomplete or cannot be validated.

6. Artwork Listings

Sellers warrant legal ownership, authenticity of listing details, and compliance with applicable laws.

FANN may review, reject, or remove listings that violate policy or legal requirements.

7. Purchases & Escrow

Payments are held in escrow and released after delivery confirmation or according to dispute-resolution rules.

Applicable buyer/seller platform fees are disclosed at checkout and settlement.

8. Fractional Ownership Tokens

Fractional Tokens represent economic interests in a physical artwork held in custody.

Investments may carry valuation, liquidity, operational, and regulatory risks.

9. Shipping & Risk Transfer

FANN coordinates specialist shipping partners. Risk transfers upon confirmed delivery unless otherwise required by law.

Claims for damage/non-conformity should be raised promptly with supporting evidence.

10. Intellectual Property

FANN platform assets (software, brand, certificates, systems) are protected by intellectual property laws.

Artists retain copyright. Sellers grant FANN a limited license to display and market listed works.

11. Community Standards

Users must act lawfully and respectfully on the platform.

  • Do not list counterfeit, stolen, or illicit items.
  • Do not manipulate prices, bids, or transaction behavior.
  • Do not harass users or misuse community spaces.
  • Do not bypass security, compliance, or payment controls.

12. API Terms

API access is subject to rate limits, usage policy, and key security requirements.

FANN may suspend or revoke API access for abuse, data scraping, or policy violations.

13. Privacy & Data

Use of the platform is governed by the Privacy Policy, including data collection and processing practices.

Where applicable, data rights are handled under relevant legal frameworks and regulations.

14. Disclaimer of Warranties

The platform is provided on an 'as is' and 'as available' basis, without warranties to the fullest extent permitted by law.

FANN does not guarantee uninterrupted service, complete accuracy, or error-free operation.

15. Limitation of Liability

To the maximum extent permitted by law, FANN's liability is limited as set out in these Terms.

FANN is not liable for indirect or consequential losses where such exclusions are legally permitted.

16. Indemnification

You agree to indemnify FANN against claims or losses arising from your misuse of the platform or violation of these Terms.

17. Governing Law & Disputes

These Terms are governed by applicable law as stated by FANN. Parties should first attempt informal resolution before formal proceedings.

18. Miscellaneous

If any term is found unenforceable, remaining provisions remain in full force. These Terms and related policies form the full agreement.

For legal enquiries, contact legal@fann.art or use the contact page.

Questions about these Terms? Our Legal Team is here to help.

Contact Legal Team