Effective Date: May.1, 2023
1.2 Amendments: We reserve the right to modify or update these Terms at any time without prior notice. By continuing to use the Platform after any changes, you accept and agree to the modified Terms. It is your responsibility to review these Terms periodically to ensure compliance.
2.1 Description: The Platform is a hub for all things race cars with news and information regarding race cars, drivers, teams, and events. It also serves as an online marketplace for the sale and purchase of used racing cars and related parts ("Items"). For the online race cars marketplace, users can browse, list, and communicate with other users for the purpose of buying or selling Items.
2.2 User Responsibility: You understand and acknowledge that for the race car marketplace, we merely provide a platform to facilitate transactions between users. While we strive to maintain a reliable and trustworthy environment, we do not guarantee the accuracy, completeness, or authenticity of the information provided by other users. It is your responsibility to exercise due diligence, verify the accuracy of any information, and evaluate the authenticity and condition of Items before entering into any transaction.
2.3 Our Responsibility:
2.3.1 Self-operated Items: For Items operated and sold by 51GT3 Co., Ltd., we take full responsibility for customer service, quality, and fulfillment. We strive to provide accurate and detailed information about such Items, including their condition, specifications, and pricing. Any disputes or concerns regarding 51gt3 carried Items should be directed to our customer support team.
2.3.2 User-Listed Items: For Items listed by other users on the Platform, we do not assume responsibility for the accuracy, completeness, or authenticity of the information provided. We are not a party to the transactions between users, and any disputes, claims, or liabilities arising from or related to user-listed Items are solely between the buyer and seller. We encourage users to communicate and conduct transactions with honesty, transparency, and good faith.
2.4 Prohibited Activities: While using the Platform, you agree not to engage in the following prohibited activities:
2.4.1 Violation of Laws: Engaging in any activity that violates applicable laws, regulations, or third-party rights.
2.4.2 Misrepresentation: Providing false, misleading, or fraudulent information, including but not limited to Item descriptions, pricing, condition, and ownership details.
2.4.3 Unauthorized Access: Attempting to access or use the Platform without authorization or engaging in any activity that may harm or interfere with its functionality, security, or availability.
2.4.4 Interference: Interfering with other users' access or use of the Platform, including but not limited to spamming, hacking, or distributing malware.
2.5 Content Ownership and License:
2.5.1 Ownership: All content on the Platform, including but not limited to logos, trademarks, text, images, videos, and software, is owned by 51GT3 Co., Ltd. or its licensors and is protected by intellectual property laws.
2.5.2 User-Generated Content: By posting or submitting any content to the Platform, you grant us a non-exclusive, worldwide, royalty-free, perpetual, irrevocable, and fully sublicensable license to use, reproduce,
modify, adapt, publish, translate, create derivative works from, distribute, perform, and display such content for the purpose of operating and promoting the Platform and our services.
3.1 Registration: To access certain features or services on the Platform, you may need to create a user account ("Account"). You must provide accurate, current, and complete information during the registration process and promptly update your Account information as needed.
3.2 Account Security: You are responsible for maintaining the confidentiality of your Account credentials and ensuring the security of your Account. You agree to promptly notify us of any unauthorized use or suspected security breach of your Account.
Privacy and Data Collection
5.1 Termination: We reserve the right to suspend or terminate your access to the Platform, in whole or in part, at any time and for any reason, including but not limited to violation of these Terms or applicable laws.
5.2 Effect of Termination: Upon termination, you will no longer have access to your Account, and any content or data associated with your Account may be permanently deleted.
6.1 Reservation of Rights: All rights, title, and interest in the Platform and its contents, including but not limited to logos, trademarks, text, images, videos, and software, are reserved by 51GT3 Co., Ltd. or its licensors.
6.2 Limited License: We grant you a limited, non-exclusive, non-transferable, and revocable license to access and use the Platform for personal and non-commercial purposes. You may not use, copy, modify, or distribute any content from the Platform without our prior written consent.
Limitation of Liability
7.1 Disclaimer: TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PLATFORM AND OUR SERVICES ARE PROVIDED "AS IS" AND WITHOUT ANY WARRANTY OR CONDITION, EXPRESS, IMPLIED, OR STATUTORY. WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
7.2 Limitation of Liability: IN NO EVENT SHALL 51GT3 CO., LTD., ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE PLATFORM OR OUR SERVICES, REGARDLESS OF THE CAUSE OF ACTION, INCLUDING NEGLIGENCE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Governing Law and Dispute Resolution
8.1 Governing Law: These Terms and any disputes arising out of or in connection with these Terms shall be governed by and construed in accordance with the laws of the Cayman Islands, without regard to its conflict of laws principles.
8.2 Dispute Resolution:
8.2.1 Mediation: In the event of any dispute, controversy, or claim arising out of or relating to these Terms or the Platform, the parties shall first attempt to resolve the dispute amicably through good-faith negotiations. If the parties are unable to reach a resolution within a reasonable period, either party may initiate mediation proceedings.
8.2.2 Jurisdiction: If the dispute is not resolved through mediation or if mediation is not pursued, the parties agree that any legal action or proceeding arising out of or relating to these Terms or the Platform shall be brought before the competent courts of the Cayman Islands. Both parties hereby consent to the exclusive jurisdiction of such courts for the resolution of any disputes.