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Terms of Service

Please read these terms carefully before using our services

Last updated: October 15, 2023

1. Agreement to Terms

By accessing or using the Royalty Assignment Portal ("Service"), you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using or accessing this Service.

Note for Spouses and Fiancé(e)s: These terms apply regardless of your marital status. The Service facilitates royalty assignment agreements between individuals in committed relationships, including both married couples and engaged partners.

2. Description of Service

The Royalty Assignment Portal facilitates the creation, execution, and management of royalty assignment agreements and powers of attorney between parties. Our services include:

  • Digital agreement creation and management
  • Secure document storage and processing
  • Payment processing for administrative fees
  • Coordination of royalty payment distributions

3. User Eligibility and Responsibilities

To use our Service, you must:

  • Be at least 18 years of age
  • Have the legal capacity to enter into binding contracts
  • Provide accurate and complete information
  • Maintain the security of your account credentials
  • Comply with all applicable laws and regulations

Relationship Verification

By using this Service, you affirm that you are either the spouse or fiancé(e) of the royalty holder and have their authorization to enter into this agreement.

4. Financial Terms

Processing Fee

A one-time processing fee of $1,450.00 is required to initiate the royalty assignment process. This fee:

  • Is paid by the assignee (spouse/fiancé(e))
  • Covers administrative costs and processing
  • Is non-refundable once processing has begun
  • Is separate from any royalty payments

Royalty Assignment

The assignment grants you (the assignee) 30% of specified royalty payments. Royalty payments will be distributed within 3 business days of receipt by the Service.

Tax Responsibilities

You are solely responsible for any tax implications resulting from royalty payments received through this assignment. We recommend consulting with a tax professional.

5. Power of Attorney

By executing this agreement, you grant limited power of attorney to manage and administer the royalty assignment. This includes:

  • Communicating with royalty payors
  • Executing necessary documentation
  • Directing payment distributions
  • Managing administrative aspects of the royalty stream

This power of attorney is limited to the specific purposes outlined in your agreement and does not grant broader financial or legal authority.

6. Intellectual Property

All content included on this platform, such as text, graphics, logos, images, and software, is the property of Royalty Assignment Portal or its content suppliers and protected by intellectual property laws.

The Service and its original content, features, and functionality are owned by Royalty Assignment Portal and are protected by international copyright, trademark, and other intellectual property laws.

7. User Data and Privacy

We collect and use personal information as described in our Privacy Policy. By using the Service, you consent to our collection and use of personal data as outlined therein.

We implement security measures to protect your information, but cannot guarantee absolute security. You are responsible for maintaining the confidentiality of your account information.

8. Limitation of Liability

To the maximum extent permitted by law, Royalty Assignment Portal shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from:

  • Your access to or use of or inability to access or use the Service
  • Any conduct or content of any third party on the Service
  • Any content obtained from the Service
  • Unauthorized access, use, or alteration of your transmissions or content

9. Governing Law and Dispute Resolution

Governing Law

These Terms shall be governed by the laws of the State of Delaware without regard to its conflict of law provisions.

Dispute Resolution

Any dispute arising from these Terms or your use of the Service will be resolved through binding arbitration in Delaware, rather than in court, except that you may assert claims in small claims court if your claims qualify.

10. Changes to Terms

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material, we will provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.

By continuing to access or use our Service after those revisions become effective, you agree to be bound by the revised terms.

11. Termination

We may terminate or suspend your account and access to the Service immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

Upon termination, your right to use the Service will cease immediately. The royalty assignment agreement itself remains governed by its own terms and is not affected by termination of access to this Service.

12. Contact Information

If you have any questions about these Terms, please contact us:

  • By email: legal@royaltyassignmentportal.com
  • By mail: Royalty Assignment Portal Legal Department, 123 Business Ave, Suite 500, Wilmington, DE 19801
  • By phone: (888) 555-ROYALTY (888-555-7692589)