Common use of Security and Data Privacy Clause in Contracts

Security and Data Privacy. Purchaser shall take best efforts to implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Purchaser and utilized in connection with Purchaser’s purchase of Stacks Tokens; (ii) private keys to Purchaser’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Purchaser is no longer in possession of Purchaser’s private keys or any device associated with Purchaser’s account or is not able to provide Purchaser’s login or identifying credentials, Purchaser may lose all of Purchaser’s Stacks Tokens and/or access to Purchaser’s account. Company is under no obligation to recover any Stacks Tokens and Purchaser acknowledges, understands and agrees that all purchases of Stacks Tokens are non-refundable and Purchaser will not receive money or other compensation for any Stacks Tokens purchased.

Appears in 2 contracts

Samples: Blockstack Token Purchase Agreement (Blockstack Inc.), Blockstack Token Purchase Agreement (Blockstack Token LLC)

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Security and Data Privacy. Purchaser shall take best efforts to implement reasonable and appropriate measures designed to secure access to: (i) any device associated with Purchaser and utilized in connection with Purchaser’s purchase of Stacks Blockstack Tokens; (ii) private keys to Purchaser’s wallet or account; and (iii) any other username, passwords or other login or identifying credentials. In the event that Purchaser is no longer in possession of Purchaser’s private keys or any device associated with Purchaser’s account or is not able to provide Purchaser’s login or identifying credentials, Purchaser may lose all of Purchaser’s Stacks Blockstack Tokens and/or access to Purchaser’s account. Company is under no obligation to recover any Stacks Blockstack Tokens and Purchaser acknowledges, understands and agrees that all purchases of Stacks Blockstack Tokens are non-refundable and Purchaser will not receive money or other compensation for any Stacks Blockstack Tokens purchased.

Appears in 2 contracts

Samples: Blockstack Token Purchase Agreement (Blockstack Token LLC), Blockstack Token Purchase Agreement (Blockstack Inc.)

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