Welcome to Akafay! These Terms of Use (“Terms”) govern your access to and use of our platform, services, and applications (“Services”). By using our Services, you agree to comply with these Terms.
1. Definitions
- “Akafay” refers to the company providing the platform and Services.
- “Customer” refers to individuals using Akafay’s Services to purchase products or services.
- “Merchant” refers to businesses or entities offering products or services via Akafay’s platform.
- “User” collectively refers to both Customers and Merchants.
2. Eligibility
2.1 Customers:
- Must be at least 18 years old and have a consistent income stream
- Must provide accurate and verifiable personal and financial information.
2.2 Merchants:
- Must be a legally registered business entity.
- Must comply with all applicable laws and regulations related to your operations.
3. User Accounts
3.1 Account Registration:
- Users must create an account to access certain features of our platform.
- All information provided during registration must be accurate and kept up-to-date.
3.2 Account Security:
- Users are responsible for maintaining the confidentiality of their login credentials.
- Notify Akafay immediately if you suspect unauthorized access to your account.
4. Use of Services
4.1 Permitted Use:
- Users may only use our Services for lawful purposes and in accordance with these Terms.
4.2 Prohibited Activities:
- Engaging in fraudulent, abusive, or harmful activities.
- Interfering with or disrupting the functionality of the platform.
- Using the platform to promote illegal products or services.
4.3 Customer-Specific Responsibilities:
- Customers must ensure timely payments for purchases and adhere to their agreed-upon payment schedules.
- Customers are responsible for understanding the terms of their payment plans, including any applicable interest or fees.
4.4 Merchant-Specific Responsibilities:
- Merchants must provide accurate descriptions and prices for their products or services.
- Merchants must fulfill orders in a timely and professional manner.
- Merchants are responsible for ensuring compliance with applicable laws and regulations.
5. Payment and Fees
5.1 For Customers:
- Payment options include pay-in-full or installment plans (Pay in 3, Pay in 4, Pay in 5).
- Customers agree to any applicable interest rates, fees, or penalties outlined in the payment plan.
5.2 For Merchants:
- Merchants agree to pay applicable service fees or transaction fees as outlined in their agreement with Akafay.
- Fees may be subject to change with prior notice.
6. Data Privacy
Our use and handling of personal data are governed by our Privacy Policy. By using our Services, you agree to the terms outlined in the Privacy Policy.
7. Intellectual Property
7.1 Ownership:
- All intellectual property on the Akafay platform, including trademarks, content, and software, belongs to Akafay or its licensors.
7.2 License:
- Users are granted a limited, non-exclusive, non-transferable license to use the platform for its intended purpose.
7.3 Restrictions:
- Users may not copy, modify, distribute, or reverse engineer any part of the platform.
8. Termination
8.1 By Akafay:
- We reserve the right to suspend or terminate accounts for violations of these Terms or applicable laws.
8.2 By Users:
- Users may terminate their accounts at any time by contacting Akafay’s customer support.
8.3 Effect of Termination:
- Upon termination, Users remain responsible for any outstanding payments or obligations.
9. Disclaimers and Limitation of Liability
9.1 Disclaimers:
- Akafay provides its Services on an “as-is” and “as-available” basis.
- We do not guarantee uninterrupted or error-free access to the platform.
9.2 Limitation of Liability:
- Akafay is not liable for indirect, incidental, or consequential damages arising from your use of the Services.
10. Dispute Resolution
10.1 Governing Law:
- These Terms are governed by the laws of the FDRE.
10.2 Arbitration:
- Disputes will be resolved through binding arbitration in accordance with FDRE arbitration rules.
10.3 Class Action Waiver:
- Users agree to resolve disputes on an individual basis and waive the right to participate in class actions.
11. Changes to Terms
We may update these Terms periodically. Users will be notified of significant changes via email or platform notifications. Continued use of the platform constitutes acceptance of the updated Terms.
12. Contact Us
For questions or concerns about these Terms, please contact us:
Akafay
Email: info@decentral.systems
Phone: (+251)9-49-6452-03
Address: Omedad Building, 109, Olompia, Addis Ababa Ethiopia.
By using Akafay’s platform, you acknowledge that you have read, understood, and agree to these Terms of Use.