Terms & Conditions

Introduction

Welcome to ZK Escrow v2. These Terms and Conditions ("Terms") govern your use of our decentralized application (dApp) and the zk_escrow_v2.aleo smart contract. By accessing or using our service, you agree to be bound by these Terms.

Important: Please read these Terms carefully before using ZK Escrow v2. If you do not agree to these Terms, do not use our service.

1. Acceptance of Terms

By connecting your wallet and interacting with ZK Escrow v2, you acknowledge that you have read, understood, and agree to be bound by these Terms, as well as our Privacy Policy. These Terms apply to all users of the service.

2. Description of Service

ZK Escrow v2 is a decentralized escrow service built on the Aleo blockchain. The service allows users to:

• Create escrow agreements by depositing Aleo credits
• Release escrowed funds to designated recipients
• Claim funds as a designated recipient
• Cancel escrow agreements under specified conditions

The service is provided as-is through a web interface that interacts with the zk_escrow_v2.aleo smart contract deployed on the Aleo blockchain.

3. User Responsibilities

3.1 Wallet Security

You are solely responsible for:

• Maintaining the security of your wallet and private keys
• All transactions initiated from your wallet
• Verifying transaction details before signing
• Backing up your wallet recovery phrases

3.2 Lawful Use

You agree to use ZK Escrow v2 only for lawful purposes and in compliance with all applicable laws and regulations in your jurisdiction. You may not use the service for any illegal activities, including but not limited to money laundering, fraud, or terrorist financing.

3.3 Due Diligence

You are responsible for conducting your own due diligence before entering into any escrow agreement, including verifying the identity and trustworthiness of counterparties.

4. Risks and Disclaimers

4.1 No Warranty

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

4.2 Smart Contract Risks

While we strive to ensure the security and correctness of the zk_escrow_v2.aleo smart contract, we cannot guarantee that it is completely free from bugs or vulnerabilities. Users interact with the smart contract at their own risk.

4.3 Third-Party Services

ZK Escrow v2 relies on third-party services including wallet providers, RPC nodes, and the Aleo blockchain itself. We are not responsible for any failures, errors, or issues arising from these third-party services.

5. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE DEVELOPERS, CONTRIBUTORS, OR SERVICE PROVIDERS OF ZK ESCROW V2 BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.

You acknowledge and agree that your use of ZK Escrow v2 is at your sole risk, and you will be solely responsible for any damage to your computer system or loss of data resulting from such use.

6. No Control Over Blockchain

We do not own, control, or operate the Aleo blockchain or any wallet software. We cannot control, reverse, or refund any blockchain transactions. We are not responsible for any blockchain-related issues including but not limited to:

• Network congestion or high transaction fees
• Failed or pending transactions
• Lost or stolen private keys
• Blockchain forks or protocol changes

7. Fees

All transactions on the Aleo blockchain require payment of network fees (gas fees). These fees are paid to validators and are not collected by ZK Escrow v2. You are responsible for ensuring you have sufficient Aleo credits to cover both your escrow amount and associated network fees.

8. Dispute Resolution

ZK Escrow v2 is a trustless, automated service. We do not mediate disputes between parties. All escrow logic is enforced by the smart contract code. Users are responsible for:

• Verifying escrow details before creation
• Communicating with counterparties
• Resolving disputes independently
• Understanding the irreversible nature of blockchain transactions

9. Intellectual Property

The ZK Escrow v2 web interface, documentation, and related materials are provided under an open-source license. The zk_escrow_v2.aleo smart contract is publicly deployed on the Aleo blockchain and is auditable by anyone.

10. Modifications to Terms

We reserve the right to modify these Terms at any time. The updated version will be indicated by an updated "Last Updated" date. Your continued use of the service after any changes constitutes acceptance of the new Terms.

11. Termination

You may stop using ZK Escrow v2 at any time by disconnecting your wallet. However, any existing escrow agreements on the blockchain will continue to exist and be enforceable according to the smart contract code.

12. Governing Law

These Terms shall be governed by and construed in accordance with the laws applicable to decentralized applications and blockchain technology. As a decentralized service, ZK Escrow v2 operates globally and is not subject to any single jurisdiction.

13. Contact Information

If you have questions about these Terms, please reach out through our community channels or visit our GitHub repository.