TErms of use

PLEASE READ THE AGREEMENT CAREFULLY.

These Terms of Use constitute  legally binding agreement made between you, whether personally or on behalf of an entity (“user”, “you", “your”) and Parea Labs (“Parea Labs”, “we", “us", or “our") concerning your access to and use of the www.parealabs.com website as well as any other media form, media channel, smart contracts, mobile website or mobile application related, linked, or otherwise connected thereto, and the Services, Offerings & Access, Third-party Content, Third-party services (collectively, the “Site"). 

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Please read these Terms of Use carefully before using the Site. By using the Site, or clicking a button or checkbox to accept or agree to these Terms of Use where that option is made available or, completing an order form for the Site, or, if earlier, using or otherwise accessing the Site, accept and agree to these Terms of Use and any additional terms, rules and conditions of participation issued by us from time to time and if you do not agree to these Terms of Use, then you may not access or use the Site. Thus, by signing up for an account through us or any associated websites the User has read and consents to the Terms of Use.

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You represent to us that you are lawfully able to enter into agreements. If you are entering into this Agreement for an entity, such as the company you work for, you represent to us that you have legal authority to act on behalf of that entity. 

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Supplemental terms and conditions or documents that may be posted on the Site from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Use at any time and for any reason. We may alert you any changes by updating the “Last Updated" date of these Terms of Use. It is your responsibility to periodically review these Terms of Use to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Use by your continued use of the Site after the date such revised Terms of Use are posted. Revised versions will be considered effective as of the date and time posted on the Parea Labs’ website.

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The information on the Site is not intended for distribution to or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance of local laws, if and to the extent local laws are applicable.

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1. The Services

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1.1 Services in General

You may access and use the Services in accordance with this Agreement. You agree to comply with the terms of this Agreement and all laws, rules, and regulations applicable to your use of the Services. The Services are part of the Site. 

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1.2 Offerings and Access

Parea Labs offers a number of products (each a “Service”) under the Parea Labs brand or other brands owned by us. Services are accessed through the Site unless otherwise agreed in writing or otherwise offered. Some Services may require you to create an Account, enter a valid form of payment, and select a paid plan (a “Plan”), or initiate an Order for a Plan or Service.

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1.3 Third-Party Content

In certain Services, Third-Party Content may be used by you at your election. Third-Party Content is governed by this Agreement and, if applicable, separate terms and conditions accompanying such Third-Party Content, which terms and conditions may include separate fees and charges.

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1.4 Third-Party Services 

When you use our Services, you may also be using the services of one or more third parties. Your use of these third-party services may be subject to the separate policies, terms of use, and fees of these third parties.

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2. Changes

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2.1 To the Site

We may change or discontinue offering any portion or the whole Site, or change or remove functionality of any parts, or all of the Site from time to time. For any discontinuation of or material change to the Site, we will use commercially reasonable efforts to continue supporting the previous version of the Site for up to three months after the change or discontinuation (except if doing so (a) would pose a security or intellectual property issue, (b) is economically or technically burdensome, or (c) would cause us to violate the law or requests of governmental entities).

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2.2 To this Agreement

We reserve the right, at our sole discretion, to modify or replace any part of this Agreement (including any Policies) at any time. It is your responsibility to check this Agreement periodically for changes. Your continued use of or access to the Site following the posting of any changes to this Agreement constitutes acceptance of those changes. 

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3. Your Responsibilities 

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3.1 Play to Earn Mechanics

If the User elects to engage in any play to earn mechanism the User will be responsible to pay any and all sales, use, value-added or other taxes, duties and assessments.

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3.2 Your Accounts

You are solely responsible for all activities conducted through your Account(s) whether or not you authorize the activity. In the event that fraud, illegality or other conduct that violates this Agreement is discovered or reported (whether by you or someone else) that is connected with your Account(s), we may terminate your Account(s). 

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3.3 Your Use

You will ensure that Your Use of the Site does not violate any applicable law. You are solely responsible for Your Use of the Site. 

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3.4 Your Security and Backup

You are responsible for properly configuring and using the Site and otherwise taking appropriate action to secure, protect, and backup your Accounts and Your Content in a manner that will provide appropriate security and protection, which might include use of encryption.

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 3.5 Log-In Credentials and Account Keys

The User represents and warrants that the User is responsible for the preservation of confidentiality of the User’s login credentials. You are solely responsible for maintaining the confidentiality of your password and for restricting access to your devices. You are solely responsible for any harm resulting from your disclosure, or authorization of the disclosure, of your password or from any person's use of your password to gain access to your Account. Login credentials generated for the User by us are for the User’s internal use only and the User is strictly prohibited from selling, transferring, or sub-licensing them to any other entity or person. 

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3.6 Software and Equipment Allocation

The User is responsible for the allocation of the User’s software and equipment and selected optimization decisions. You acknowledge that Parea Labs is not responsible for the selection or timing of blockchain protocols, nor are we responsible for the protocols selected for use in connection with our Site.

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3.7 Blockchain Modification Risk

The User represents and warrants that the User is familiar with and accepts the risks associated with blockchain development and code changes. Blockchain technologies are still under development and may undergo significant changes over time.

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3.8 Blockchain Network Risk

The User represents and warrants that the User accepts the risks of blockchain protocol and network, including instability, congestion, high transaction costs, network latency, information security, regulatory risk, and technological and operational error. The User understands these risks may result in delay or failure to process transactions and potentially high Blockchain Transaction Fees or Third Party Fees. The User agrees that we are not responsible for any diminished Services, related features, or capabilities resulting from blockchain network risk.

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4. Fees and Payment 

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4.1 Publicly available services

Some services, including paid services up to a certain use threshold, may be offered to the public. 

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4.2 Taxes

Each party will be responsible, as required under applicable law, for identifying and paying all taxes and charges (and any penalties, interest, and other additions thereto) that are imposed on that party upon or with respect to the transactions and payments under this Agreement. We reserve the right to withhold taxes where required. The User will be liable to pay any taxes, interest, penalties or fines which may arise from any mis-declaration made by the User. We will have no insight into or control over these payments or transactions, nor do we have the ability to reverse any transactions. With that in mind, we will have no liability to you or to any third party for any claims or damages that may arise as a result of any transactions. As between us, you will be solely responsible to pay any and all sales, use, value-added and other taxes, duties, and assessments.

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4.3 Gas fees

Purchases of NFTs or any other crypto assets are subject to the payment of a transaction fee (a “Gas Fee”) for every transaction, and we hold no responsibility over any potential loss you may experience while paying transaction fees as these fees are dictated by immutable blockchain systems and we hold no control over these transactions. 

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5. Suspension

5.1 Generally

Parea Labs may suspend Your right to access or use any portion or the whole Site immediately upon notice to you if we determine: your use of the Site poses a security risk to the Site or any third party, could adversely impact our systems, the Site or the systems of any other user, could subject us, or any third party to liability, or could be fraudulent; you are, or any End User is, in breach of this Agreement; for entities, you have ceased to operate in the ordinary course, made an assignment for the benefit of creditors or similar disposition of your assets, or become the subject of any bankruptcy, reorganization, liquidation, dissolution or similar proceeding.

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5.2 Effect of Suspension

If we suspend the User’s right to access the Site, the User will remain responsible for all charges the User incurs during the period of suspension, including any Maintenance Fees and Blockchain Transaction Fees; and the User may be in violation of the User’s hosting agreement or the blockchain protocols, which may prevent or limit the User’s entitlement or access to the Site. User agrees to pay any fee charged by us to reconnect the Site.

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6. Term and Termination 

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6.1 Term

The term of this Agreement commences right after your use of the SIte, and will remain in effect until terminated under this Section 6. Any notice of termination of this Agreement by either party to the other must include a Termination Date that complies with the notice periods in Section 6.2.

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6.2 Termination

We may terminate your use or participation in the Site at our sole discretion.

If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or a borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating and suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress.

 (a) Termination for Convenience. You may terminate this Agreement for any reason by completely ceasing the use of the Site. These Terms of Use will remain in full force and effect IF there are any pending activities associated with your use of any portion or the whole Site. 

(b) Termination for Cause. We may also terminate this Agreement immediately upon notice to you (A) for cause if we have the right to suspend under Section 5, (B) if our relationship with a third-party partner who provides software or other technology we use to provide the Site expires, terminates or requires us to change the way we provide the software or other technology as part of the Site, or (C) in order to comply with the law or requests of governmental entities.

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6.3 Effect of Termination

Upon the Termination Date:

(i) all your rights under this Agreement immediately terminate;

(ii) each party remains responsible for all fees and charges it has incurred through the Termination Date and are responsible for any fees and charges it incurs during the post-termination period.

For any use of the Site after the Termination Date, the terms of this Agreement will again apply.

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7. Proprietary Rights

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7.1 Service Offerings License

We own all rights, titles and interests in the Site and all related technology and intellectual property rights. Subject to the terms of this Agreement, we grant you a limited, revocable, non-exclusive, non-sublicensable, non-transferable license to do the following: (a) access and use the Site solely in accordance with this Agreement; and (b) copy and use Our Content solely in connection with your permitted use of the Site. Except as provided in this Section 7.1, you may not acquire any rights in the Site from us under this Agreement, including any related intellectual property rights. 

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7.2 License Restrictions

Neither you nor any End User will use the Site in any manner or for any purpose other than as expressly permitted by this Agreement. You will not misrepresent or embellish the relationship between us and you (including by expressing or implying that we support, sponsor, endorse, or contribute to you or your business endeavors). You will not imply any relationship or affiliation between us and you, except as expressly permitted by this Agreement.

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7.3 Suggestions 

If you provide any Suggestions to us, we will be entitled to use the Suggestions without restriction. You hereby irrevocably assign to us all rights, title, and interest in the Suggestions and agree to provide us any assistance we require to document, perfect, and maintain our rights in the Suggestions. You acknowledge and agree that any questions, comments, suggestions, ideas, feedback or other information regarding the Site provided by you to us are non-confidential and should become our sole property. We should own exclusive rights, including all intellectual property rights, and should be entitled to unrestricted use and dissemination of these Submissions to any lawful purpose, commercial, or otherwise, without acknowledgement or compensation for you. You hereby waive any moral rights to any such Submissions, and you hereby warrant that any such Submissions are original with you or that you have the right to submit such Submissions. You agree there should be no recourse against us for any alleged or actual infringement or misappropriation of any proprietary right in your Submissions.

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8. Indemnification 

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8.1 Intellectual property

The visual interfaces, graphics, design, systems, methods, information, computer code, software, data, and all other elements of any content provided on the Site is protected by copyright, patent, and trademark laws, international conventions, other relevant intellectual property and proprietary rights, and applicable laws. Unless otherwise indicated, the Site is our proprietary property and except as expressly provided in these Terms of Use, no part of the Site may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission. The User acknowledges and agrees that while the User may own an asset sold by us, the underlying embedded intellectual property rights may be subject to certain licensing requirements. 

Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site, or to download or print a copy of any portion of the Content to which you have properly gained access solely to your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site.

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8.2 Indemnified Parties

Whether or not you are aware of the scope, you hereby indemnifies and holds us and our directors, principals, agents, consultants, and employees (the indemnified parties) harmless from and against any losses, claims, damages, or liabilities (or actions in respect thereto) to which any party may be subject as a result of or in connection with us sharing information with the recipient. Regardless of whether we knew or should have known of the inaccuracy, or whether we failed to correct any misinterpretations of the information, we shall be indemnified for any liability relating to or resulting from any information or estimation provided by us that is inaccurate in any way due to misrepresentation, omission, failure to update, or other reasons.

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9. Disclaimer & Risks

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9.1 DISCLAIMER 

THE SITE IS PROVIDED “AS IS.” EXCEPT TO THE EXTENT PROHIBITED BY LAW, OR TO THE EXTENT ANY STATUTORY RIGHTS APPLY THAT CANNOT BE EXCLUDED, LIMITED OR WAIVED. WE MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE REGARDING THE SERVICE OFFERINGS OR THE THIRD-PARTY CONTENT, AND DISCLAIM ALL WARRANTIES, INCLUDING ANY IMPLIED OR EXPRESS WARRANTIES OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR QUIET ENJOYMENT, ARISING OUT OF ANY COURSE OF DEALING OR USAGE OF TRADE, THAT THE SERVICE OFFERINGS OR THIRD-PARTY CONTENT WILL BE UNINTERRUPTED, ERROR-FREE OR FREE OF HARMFUL COMPONENTS, AND THAT ANY CONTENT WILL BE SECURE OR NOT OTHERWISE LOST OR ALTERED.YOU ACCEPT THE INHERENT SECURITY RISKS OF PROVIDING INFORMATION AND DEALING ONLINE OVER THE INTERNET, AND AGREE THAT WE HAVE NO LIABILITY OR RESPONSIBILITY FOR ANY BREACH OF SECURITY. WE WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSSES YOU INCUR AS THE RESULT OF YOUR USE OF THE METAMASK ELECTRONIC WALLET (OR ANY OTHER SIMILAR DIGITAL WALLETS), INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (A) USER ERROR, SUCH AS FORGOTTEN PASSWORDS OR INCORRECTLY CONSTRUED SMART CONTRACTS OR OTHER TRANSACTIONS; (B) SERVER FAILURE OR DATA LOSS; (C) CORRUPTED WALLET FILES; (D) UNAUTHORIZED ACCESS OR ACTIVITIES BY THIRD PARTIES, INCLUDING BUT NOT LIMITED TO THE USE OF VIRUSES, PHISHING, BRUTE FORCING OR OTHER MEANS OF ATTACK AGAINST THE SITE. WE HAVE NO CONTROL OVER AND MAKE NO GUARANTEES OR PROMISES WITH RESPECT TO SMART CONTRACTS. PAREA LABS IS NOT RESPONSIBLE FOR LOSSES DUE TO BLOCKCHAINS INCLUDING BUT NOT LIMITED TO LATE REPORT BY DEVELOPERS OR REPRESENTATIVES (OR NO REPORT AT ALL) OF ANY ISSUES WITH THE BLOCKCHAIN SUPPORTING THE NETWORK, INCLUDING FORKS, TECHNICAL NODE ISSUES, OR ANY OTHER ISSUES HAVING FUND LOSSES AS A RESULT. 

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9.2 RISKS

OUR SITE RELIES ON EMERGING TECHNOLOGIES. SOME PORTIONS OF THE SITE ARE SUBJECT TO INCREASED RISK THROUGH YOUR POTENTIAL MISUSE OF THINGS SUCH AS PUBLIC/PRIVATE KEY CRYPTOGRAPHY. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE GAME AND THE SITE IS AT YOUR OWN RISK. BY USING THE SITE YOU EXPLICITLY ACKNOWLEDGE AND ACCEPT THESE HEIGHTENED RISKS. YOU RELEASE PAREA LABS FROM ALL LIABILITY FOR YOUR INABILITY TO ACCESS THE SITE.

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10. Limitations of Liability 

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EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES. IN NO EVENT WILL EITHER PARTY HAVE ANY LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT FOR ANY LOST PROFITS, REVENUES, GOODWILL, OR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, COVER, BUSINESS INTERRUPTION OR PUNITIVE DAMAGES, WHETHER AN ACTION IS IN CONTRACT OR TORT AND REGARDLESS OF THE THEORY OF LIABILITY, EVEN IF A PARTY OR ITS AFFILIATES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR IF A PARTY’S OR ITS AFFILIATES’ REMEDY OTHERWISE FAILS OF ITS ESSENTIAL PURPOSE. THE FOREGOING DISCLAIMER WILL NOT APPLY TO THE EXTENT PROHIBITED BY LAW.

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11. Assumption of Risk

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You accept and acknowledge each of the following:

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11.1 Market Risks

You may store blockchain-backed NFTs, or any other crypto assets and use them in-game, as well as withdraw them to your own, personally managed crypto wallet. You acknowledge and agree that Parea Labs does not provide any representation or warranty regarding the value or merchantability of the NFTs or any other crypto assets. The prices of blockchain assets are extremely volatile. The supply and demand dynamics in the worldwide market, which might change, determine the value of NFTs and other crypto assets. Exchange rate and other risks come with holding these assets. The value of NFTs and crypto assets may be derived from the continued willingness of market participants to exchange traditional government currency for digital rewards, which may result in the potential for permanent and total loss of value. The price and value of NFTs, crypto assets and digital incentives are more volatile and unpredictable, which could cause significant losses in a short amount of time. 

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11.2 Technology Risks

Transactions related to NFTs and crypto assets may be irreversible and losses due to erroneous or unintentional transactions may not be recoupable. Some virtual transactions are considered to have been completed when recorded on a public ledger (blockchain), which may not necessarily be the date or time the user initiated the transaction. Such virtual transactions may lead to an increased risk of fraud or cyber-attacks. 

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11.3 Regulatory Risk 

The field in which Parea Labs operates is new, and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental, quasi-governmental, regulatory or other similar types of (including banking) authorities will not examine the operations of Parea Labs. The regulatory status of tokens, digital assets and blockchain technology is unsettled in many jurisdictions. It is hard to guess how or whether governmental authorities will regulate such technologies and it is also difficult to tell how or whether any governmental authority may make changes to existing laws and regulations.

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12. Governing Law

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These Terms of Use and your use of the Site are governed by and constructed in accordance with the laws of Saint Vincent and the Grenadines. Any dispute, controversy, difference, or claim arising out of or relating to these Terms of Use, will be governed by and enforced in accordance with the laws of Saint Vincent and the Grenadines.

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13. User Data

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We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site itself. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that release to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data. 

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14. Privacy Policy

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This section of Terms of Use is dedicated to Privacy Policy and informs you of our policies regarding the use, and disclosure of personal data when you use our Site and the choices you have associated with that data. We use your data to provide and improve the Site. As the operator of the Site, we take the protection of your personal data very seriously. We collect, process, and use your personal data in accordance with this Privacy Policy and in compliance with Saint Vincent and the Grenadines law and regulations. Whenever you access or use the Site, you accept the terms of this Privacy Policy. If you do not agree with or you are not comfortable with any aspect of this Privacy Policy, you should immediately discontinue access or use of the Site.

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In case you provide us with the personal data of third persons, you should make sure that these persons are familiar with this Privacy Policy and you should only share their personal data if you have permission to do so and ensure that his personal data is correct.

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We adopt this Privacy Policy to explain how we collect, use, disclose, store, and manage the personal information (“Personal Information”) you provide to us when using our Site.

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14.1 Changes

We have the right to amend this Privacy Policy from time to time. On occasion, Parea Labs may update and change this Privacy Policy to reflect changes in law, our personal data collection and use practices, the features available through the Site, or advances in technology. If any changes are made to this Privacy Policy, the changes will be prominently posted on the website. Use of your information we collect now is subject to the Privacy Policy in effect at the time such information is used.  Please check this Privacy Policy every time you use our Site to make sure that you are aware of any changes in our privacy practices. If we decide to make revisions to this Privacy Policy, we will post a revised policy on our site to inform our users. You understand that you accept the amendments to our Privacy Policy by continuously using our Site.

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14.2 Personal and Anonymous Information

We collect both Personal Information and Anonymous information.

“Personal Information” is information about you that can be used to contact or identify you on-line or off-line, such as your name, birth date, home address, email address, credit card information and phone number. We may also collect other Personal Data provided by third party identity verification services or via social networking websites.

If you tell us where you are (e.g., by allowing your mobile device or computer to send us your location), we may store that information. Certain services, such as two-factor authentication, may require our collection of your phone number. We may associate that phone number to your mobile device identification information. If you contact us via email, message chat or similar functionality, we will collect your name and email address, as well as any other content included in the communication, in order to send you a reply.

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“Anonymous Information” means information that is not associated with or linked to your Personal information; Anonymous Information does not, by itself, permit the identification of individual persons. It cannot be used to identify or contact you personally and can include gender, age or interests and cannot be used to connect with you. This Privacy Policy does not restrict or limit our collection of aggregate information or Non-Personal Information. We collect aggregate information about the use of the Site to provide the best possible service and allow us to make certain recommendations and internal reports and share such information with our partners about how our customers use our Site, so that our partners also understand how people use the Site and they can provide you with an optimal user experience.

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14.3 How Personal Information is Used

We will only use your Personal Information according to the practices of international law. Please be aware that we may use your Personal Information without your knowledge or consent where this is required or permitted by law. All information collected automatically will be used to administer or improve the Site. We use the personal information you submit to us to fulfill your requests or to better serve you. 

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We may use your Personal Information, Anonymous information collected from you in any one or more of the following ways to:

• send you an email to verify ownership of the email address provided when your Account is created;
• provide advertising and promotional information in connection with the Site;
• notify you about important changes to our Terms of Use in general, or Privacy Policy; and respond to your inquiries or other requests.
• prevent, and report potentially suspicious, fraudulent, or illegal activities;
• operate, maintain and manage the Site;
• provide technical support and respond to user requests;
• improve the quality of experience when you interact with our website and Site.

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14.4 How we Share your Personal Information with third parties

We reserve the right to use Anonymous Information for any purpose and disclose Anonymous Information to third parties in our sole discretion.

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We disclose your Personal Data as described below and as described elsewhere in this Privacy Policy. We may make your profile information including your username and other information entered by you visible to other users to encourage user interaction within the Site. If we believe in good faith that the release of your Personal Information is necessary to comply with the relevant law and regulation, enforce or apply our conditions of use and other agreements, or protect our rights, property, or safety, or those of our employees, users or others, we may share your information. This includes exchanging information with other companies and organizations for fraud protection and credit risk reduction. It may be necessary to disclose your Personal Information to comply with any legal obligation, to defend or investigate any illegal or suspected violations of our Terms of Use, to enforce our Terms of Use, or to protect our rights, safety, security, our users, or the public. 

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You acknowledge that any of the information we have collected from you (including the data you may have decided not to show to other users) may be used by us to allow the advertisers to choose the appropriate audience for their advertisements. We also use other companies, our partners, and third parties to perform tasks for us and we will share your information with them to provide you with the relevant products or services. When such parties collect or possess any information other than anonymous information, they have no right to use such Personal Information we share with them beyond what is necessary to assist us, unless you are told otherwise. Such representatives are obligated to use your Personal Information in accordance with our Privacy Policy, secure and uphold the confidentiality of the information collected while working on our behalf, and abstain from using it for any other reason without your express permission. You consent to our sharing of Personal Information for such purposes.

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Our Site may contain links to other third party websites which are regulated by their own privacy policies. Parea Labs is not responsible for the privacy policies of these third party websites even if they were accessed using the links from our Site. We cannot provide assurance that such third parties employ the same or similar privacy and security practices as us. We advise you to review such other websites’ privacy policies, as their privacy policy governs any information you provide to these third parties. Only information collected on or through the Site is subject to this Privacy Policy.

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To improve the Site, and to serve you better, we may also use your Personal Information for our own marketing and research. We may use your Personal Data to form a view on what services we think may be of interest to you. You agree that by providing your personal information in connection with receiving services from us, that you have an established business relationship with us. As such, you provide us with express consent to contact you using your personal information for all matters relative to your use of the Site.  

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14.5 How Personal Information is Stored

We understand the importance of keeping your information secure and take it very seriously. We have implemented commercially reasonable security measures to safeguard your information and to prevent the loss, misuse and alteration of information under our control. We have procedures and security measures in place to prevent any unauthorized access. No transmission over the Internet or method of electronic storage can be guaranteed to be 100% secure. Thus, there is no transmission method that is entirely flawless, even though we have our security measures in place against possible breaches of our Site’s security and our user records and databases, and we are not liable for data loss, hacking, unauthorized access to our servers and systems or guarantee the security of user account information. Any transmission of your information to our Site is done at your own risk. 

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14.6 Retention of Personal Information

Until the law and regulations specify a different retention period, we will only keep your Personal Information for the time necessary to carry out the operations for which said Information has been collected by us. 

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You can reach us regarding the Terms of Use of the Site or to update your personal or account information by sending us an email at contact@parealabs.com. We will try to reply to all legitimate requests within a month. Occasionally it may take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.

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You may decide not to disclose any of your information, even though such information may be necessary to take advantage of or register for certain features of the Site. IF YOU CHOOSE NOT TO ACCEPT THESE TERMS OF USE, PLEASE DO NOT USE THE SITE.

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