MERCHANT TERMS AND CONDITIONS
THESE MERCHANT TERMS AND CONDITIONS, together with any Purchase Orders (defined in Section 1 below) issued by Sezzle Holdings V, LLC (“Ruumur”), located at 251 N 1st Ave, Minneapolis, MN 55401, and all Merchant Policies (defined in Section 2 below) and such other written policies and specifications as Ruumur may provide from time to time (collectively, the “Agreement”), shall govern and control all matters arising from or relating to Ruumur’s relationship with any person or entity (each a “Merchant”) who may offer for sale or sell any goods or services (“Goods”) to Ruumur. Ruumur and Merchant are each referred to in this Agreement individually as a “party” and together as the “parties”.
BY REGISTERING FOR OR USING RUUMUR’S MERCHANT SITE (DEFINED IN SECTION 2 BELOW), ACCEPTING A PURCHASE ORDER FROM RUUMUR, OR SHIPPING GOODS PURSUANT TO A RUUMUR PURCHASE ORDER, MERCHANT ACCEPTS AND AGREES TO ALL TERMS AND CONDITIONS OF THE AGREEMENT. ANY PERSON OR ENTITY WHO REGISTERS FOR OR ACCESSES RUUMUR’S SITE ON MERCHANT’S BEHALF HEREBY REPRESENTS AND WARRANTS THAT THEY ARE EXPRESSLY AUTHORIZED TO BIND MERCHANT TO THIS AGREEMENT.
1. RUUMUR OBLIGATIONS.
2. MERCHANT OBLIGATIONS.
3. TITLE AND RISK OF LOSS.
4. INVOICING AND PAYMENT.
5. CHARGEBACK POLICY.
6. TERM AND TERMINATION.
a) Term. This Agreement shall commence on the date accepted by Merchant sign-up (“Effective Date”) and, unless otherwise agreed upon in writing, shall continue for one (1) year from the Effective Date (“Initial Term”). This Agreement shall renew automatically for additional one (1) year periods (each a “Renewal Term”) following the expiration of the Initial Term and any subsequent Renewal Term unless i) either party has provided thirty (30) days’ advance written notice to the other party of its intent not to renew; or ii) as otherwise stated in a writing signed by the parties. The combination of the Initial Term and any Renewal Term shall be the “Term”.
b) Termination. Either party may terminate this Agreement for convenience upon thirty (30) days’ written notice to the other party. Either Party may terminate for cause in the event of any one or more of the following events: (a) a Party fails to make a payment of any amount due and payable pursuant to this Agreement and such failure remains unremedied for a period of fifteen (15) Business Days after the non defaulting Party gives written notice thereof; (b) such Party fails to perform, satisfy or comply with any material obligation, condition, covenant or other provision contained in this Agreement and such failure remains unremedied for a period of thirty (30) days after the other Party gives written notice thereof specifying the nature of such failure in reasonable detail or immediately where such a cure can not be effectuated in a timely manner or there is continued risk to Ruumur; (c) any representation or warranty by such Party contained in this Agreement fails to be true and correct in any material respect as of the date when made or at any time during the Term; (d) a Bankruptcy of the other party, liquidation or insolvency event; and/or (e) there are excessive chargebacks or losses due to acts or omissions of the Merchant.
7. LICENSE.
8. REPRESENTATIONS, WARRANTIES, AND INDEMNIFICATION.
9. INSURANCE.
10. REMEDIES.
11. LIMITATION OF LIABILITY.
EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT OR IN ANY PURCHASE ORDER, NEITHER PARTY MAKES ANY WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS OF THE SERVICES HEREUNDER FOR A PARTICULAR PURPOSE OR NONINFRINGEMENT. RUUMUR SHALL NOT BE LIABLE FOR THE CONTENTS OF ANY OFFER OR THE SUCCESS OF ANY OFFER. NEITHER PARTY WARRANTS AGAINST AND EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, NEITHER SHALL BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY UNAVAILABILITY OR INOPERABILITY OF THE SERVICES, TELECOMMUNICATIONS SYSTEMS OR THE INTERNET, TECHNICAL MALFUNCTION, COMPUTER ERROR, CORRUPTION OR LOSS OF INFORMATION, OR OTHER SIMILAR INJURY, DAMAGE OR DISRUPTION OF ANY KIND. EXCEPT FOR MERCHANT’S OBLIGATIONS UNDER SECTIONS 8, 9 AND 12 HEREOF, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES IN ANY WAY ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE PARTIES’ RELATIONSHIP, OR THE BUSINESS BETWEEN THEM, INCLUDING LOSS OF PROFITS, LOSS, OF REVENUE, OR LOSS OF BUSINESS OPPORTUNITIES, EVEN IF SUCH DAMAGES ARE FORESEEABLE AND WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY THEREOF. RUUMUR’S MAXIMUM AGGREGATE LIABILITY TO MERCHANT FOR ANY CLAIM ARISING FROM OR RELATING TO THIS AGREEMENT SHALL NOT EXCEED THE TOTAL AMOUNT PAID OR PAYABLE BY RUUMUR TO MERCHANT UNDER ALL ACCEPTED PURCHASE ORDERS DURING THE SIX (6) MONTH PERIOD PRIOR TO THE FIRST DATE ON WHICH THE LIABILITY AROSE.
12. CONFIDENTIALITY.
13. MISCELLANEOUS.
Except as set forth above, this Agreement, and any Purchase Order issued pursuant to this Agreement, may not be amended or modified except by a writing signed by both parties.
Each party to this Agreement (a) has reviewed the Agreement; (b) fully understands the rights and obligations created by this Agreement; (c) attests and agrees that it has had a reasonable opportunity to review this Agreement and to have counsel of their choosing review this Agreement (at its own expense); and (d) voluntarily enters into this Agreement, accepting and agreeing to all of its terms and conditions.