Risk & Disclaimers
Tevaera Foundation Governance Procedures and Risk Disclosure
1. Scope and Purpose
The Tevaera Governance Procedures outline disclaimers, disclosures, and risk-related information applicable to governance processes of the Tevaera Protocol (including the Tevaera blockchain network and governance system). These procedures serve to highlight potential risks, uncertainties, and limitations associated with the Tevaera Protocol and should not be construed as creating legal obligations among participants.
The document is intended as a high-level guide, and participants are advised to thoroughly evaluate the underlying smart contracts, code, and on-chain mechanisms. Independent legal and technical advice is recommended for those unfamiliar with blockchain systems or unable to perform due diligence.
2. Governance and Participant Responsibilities
2.1 Governance Parties
Decisions made by any governance participant (“Governance Parties”) are at their sole discretion. No Governance Party shall have express or implied obligations to any other party unless explicitly agreed in writing. Governance Parties do not guarantee earnings, specific outcomes, or liability for decisions made in good faith.
2.2 Governance Procedures
These procedures are descriptive and informational. They do not create fiduciary, employment, partnership, joint venture, or other legal relationships. Participation in the governance system is at the participant's sole discretion and risk.
2.3 Multisignature Controls
Certain elements of the Tevaera Protocol are subject to multisignature (“Multisig”) controls. Multisig keyholders are responsible for securing and administering changes. While agreements such as the Multisignature Participation Agreement aim to establish legal constraints, risks related to misuse or unauthorized changes by Multisig keyholders remain.
3. Risk Disclosures
3.1 Limitations on Liability
The Tevaera Protocol and related technologies are provided on an “as-is” basis, without guarantees or warranties of any kind. Participants assume all risks related to usage, including potential loss, damage, or impairment of tokens due to exploits, bugs, or malfunctions.
3.2 Irreversibility of Transactions
Blockchain transactions are generally irreversible. Tokens deposited into Tevaera-related systems may face risks of permanent loss or disablement. No remedies or insurance coverage are provided for losses.
3.3 Experimental Technology
The Tevaera Protocol is experimental, and its systems and tokens may involve high volatility and risk. Participants are urged to conduct independent due diligence and seek professional advice before engagement.
4. Membership in the Tevaera Governance Association
4.1 Membership Eligibility
Membership in the Tevaera Governance Association is open to active delegates of the governance system. By submitting or voting on proposals, delegates agree to the Association's terms and obligations. Members may submit or vote on governance proposals and influence protocol developments.
4.2 Rights and Obligations
Right to submit and vote on governance proposals.
Obligation to act in the Association's best interests and adhere to its resolutions.
Participation in governance as part of the Tevaera Token Assembly.
4.3 Membership Termination
Membership can end due to resignation, exclusion, or loss of legal standing. Members may resign by notifying the Association through official communication channels or by updating their membership status via the governance portal.
5. Legal and Regulatory Disclaimers
5.1 No Investment or Lending Relationship
Participation in the Tevaera Protocol does not constitute an investment or financial transaction. Deposited tokens remain under the control of participants, and no private or governmental insurance exists to compensate for losses.
5.2 No Regulatory Endorsements
The Tevaera Foundation and its systems are not endorsed, licensed, or approved by any regulatory body. Participants are responsible for understanding and complying with applicable laws.
5.3 Forward-Looking Statements
Any forward-looking statements are subject to change and uncertainty. The Foundation has no obligation to update or amend such statements.
6. Indemnification and Liability
6.1 Participant Indemnity
Participants agree to indemnify the Tevaera Foundation against claims arising from violations of terms or misuse of the protocol.
6.2 Limitation of Liability
The Foundation and its affiliates are not liable for indirect, incidental, or consequential damages arising from the use of the protocol, regardless of prior notice of potential risks.
7. Dispute Resolution
All disputes arising from participation in the Tevaera Protocol or related governance activities will be resolved through binding arbitration in accordance with Cayman Islands law.
7.1 Arbitration Terms
Arbitration proceedings will be confidential and conducted in the Cayman Islands.
Class action waivers apply, and claims must be filed individually.
8. Intellectual Property Rights
All Tevaera-related content, including governance materials and smart contracts, are proprietary to the Tevaera Foundation unless otherwise specified. Unauthorized use, reproduction, or distribution is prohibited.
9. Additional Terms
9.1 Updates and Modifications
The Foundation reserves the right to update governance procedures and terms. Continued participation indicates acceptance of such changes.
9.2 Notices
All communications will be made via official channels, including email or governance portal announcements.
9.3 Governing Law
This document and all associated activities are governed by the laws of the Cayman Islands.
10. Final Notes
This document supersedes any prior agreements regarding the Tevaera Protocol. It serves as a comprehensive guide for participants and sets expectations for governance, risks, and responsibilities.
For further questions or clarifications, contact the Tevaera Foundation at support@tevaera.com.
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