Terms of Service

1. Introduction

Welcome to escrownig.com. This Terms of Service ("Agreement") governs your use of our website and online escrow services ("Service"). By accessing and using our Service, you agree to be bound by the terms and conditions set forth in this Agreement and our Privacy Policy. If you do not agree, please refrain from using our Service.

2. Definitions

For the purposes of this Agreement, the following terms are defined as:

· "User": Any natural person or legal entity that registers for, accesses, or uses our Service.

· "Account": A personal or corporate profile created by a User to access the Service.

· "Escrow Transaction": A process whereby funds or assets are held by escrownig.com as a neutral third party until all contractual conditions between transacting parties are met.

· "Fees": Charges incurred for using the Service, including escrow fees and any additional transaction-related costs.

3. Eligibility and Access

· Age Requirement: You must be at least 18 years old or have reached the age of majority in your jurisdiction.

· Accurate Information: You agree to provide and maintain accurate, current, and complete information during registration and while using the Service.

· Access Rights: escrownig.com reserves the right to deny access or terminate accounts at its sole discretion, particularly where fraudulent or suspicious activities are detected.

4. Registration and Account Security

· Account Creation: Registration is required to use our Service. You are responsible for maintaining the confidentiality of your account details, including your password.

· Account Security: You must notify us immediately if you suspect any unauthorized use of your account. All activities conducted through your account are your responsibility.

· User Responsibility: You agree not to share your login credentials and to ensure that your account information remains secure at all times.

5. Service Description and Transaction Process

· Service Role: escrownig.com acts solely as an intermediary to facilitate escrow transactions between Buyers and Sellers by holding funds until all agreed conditions are met.

· Transaction Requirements: Prior to initiating an escrow transaction, both parties will be required to complete identity verification (KYC) in compliance with Nigerian AML regulations.

· Funds Release: escrownig.com will release the escrowed funds only once confirmation is received that all the contractual conditions are satisfactorily fulfilled. All applicable Fees will be disclosed prior to transaction commencement.

6. User Obligations and Acceptable Use

· Lawful Use: You agree to use the Service for lawful purposes and in accordance with all applicable Nigerian laws and regulations.

· Prohibited Conduct: Users shall not engage in activities that are fraudulent, deceptive, or that facilitate money laundering or other criminal behaviors.

· Compliance: Users must adhere to all guidelines set forth in this Agreement and any additional policies published on our website.

7. Payment Terms and Fees

· Fee Structure: Use of the Service is subject to Fees as disclosed on our website. These Fees may vary depending on the nature and value of the transaction.

· Non-refundable Fees: Once charged, the Fees are non-refundable unless explicitly stated otherwise.

· Modifications: escrownig.com reserves the right to modify its fee structure at any time, provided that affected Users are given advance notice.

8. Dispute Resolution

· Internal Process: Any disputes arising from or related to an escrow transaction shall first be submitted through our internal dispute resolution process.

· Arbitration Agreement: If the matter remains unresolved, both parties agree to submit the dispute to binding arbitration under applicable Nigerian laws. The arbitration process will follow an initial 14-day negotiation period.

· Jurisdiction: All disputes shall be subject to the exclusive jurisdiction of the appropriate Nigerian courts should arbitration fail.

9. Limitation of Liability

· Intermediary Role: escrownig.com is not a party to the underlying contractual relationships between transacting Users. Our role is limited to holding funds in escrow.

· Liability Cap: In no event shall escrownig.com's liability exceed the amount paid in Fees for the specific transaction in dispute.

· Exclusions: To the fullest extent permitted by law, escrownig.com is not liable for any indirect, incidental, or consequential damages arising from the use of the Service, except in cases of gross negligence or willful misconduct.

10. Indemnification

You agree to indemnify, defend, and hold harmless escrownig.com, its affiliates, officers, and employees from any claims, damages, obligations, losses, liabilities, costs, or expenses arising from your violation of this Agreement or misuse of the Service.

11. Modification and Termination

· Modifications: escrownig.com reserves the right to modify or amend these Terms at any time. Continued use of the Service after such modifications constitutes acceptance of the modified Terms.

· Termination of Accounts: We may suspend or terminate your account immediately if you breach any provision of this Agreement or engage in activities that compromise the security or integrity of the Service.

· Survival: Termination or suspension of your account does not limit escrownig.com's rights to pursue any other remedies available under law.

12. Intellectual Property

· Ownership: All content, logos, trademarks, and software used on escrownig.com are the intellectual property of the Company or its licensors.

· Limited License: Users are granted a limited, non-exclusive, non-transferable license to access and use the Service for personal and non-commercial purposes, subject to these Terms.

· Restrictions: No portion of the Service, including its content, may be reproduced or used for commercial purposes without prior written consent from escrownig.com.

13. Governing Law and Jurisdiction

This Agreement is governed by and construed in accordance with the laws of Nigeria. You agree that any disputes arising out of or relating to these Terms shall be resolved exclusively in the Nigerian legal system.

14. Severability

If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

15. Entire Agreement

This Agreement, together with our Privacy Policy and any other policies referenced herein, constitutes the entire agreement between you and escrownig.com with respect to the use of the Service. No other agreements, representations, or warranties—whether express or implied—shall have any effect on this Agreement.

16. Contact Information

If you have any questions or concerns regarding this Agreement, please contact us using the following details:

· Email: support@escrownig.com

· Phone: +234 (0)70 31 48 4949

In Conclusion

By using escrownig.com, you acknowledge that you understand and agree to these Terms of Service. We are committed to maintaining a secure, efficient, and transparent escrow process for all our users, in full compliance with Nigerian regulations. Beyond these terms, you might be interested in exploring our comprehensive FAQs and detailed guides on safe transaction practices.