Risk Disclosure Policy
This is the Risk Disclosure Policy (“Disclaimer”) of Horys Technologies LTD, a company incorporated on March 9th, 2023, with the BVI Company No. 2119727, pursuant to the British Virgin Islands Business Companies Act of 2004 (as amended) of the British Virgin Islands. Please note that all terms mentioned in this Disclaimer carry the same meaning and interpretation as outlined in the Horys Mall Terms and Conditions document. This Disclaimer provides you with the potential risks associated with using our Services. Each of our Services encompasses its own unique set of risks. Therefore, this Disclaimer provides a general description of the risks when a user (“User”) uses our Platform.
This Disclaimer provides a general description of the risks associated with using our Platform. Each service offered through Horys Mall encompasses its own unique set of risks. Therefore, while this Disclaimer aims to outline the primary risks, it does not provide an exhaustive explanation of all possible risks, nor does it address how these risks specifically pertain to individual circumstances.
By continuing to engage with our Services on our Platform, Users acknowledge and understand the inherent risks involved. Any risks encountered during participation in these activities are solely at the User's own discretion, and Horys Mall will not be held responsible for any losses or damages incurred as a result.
Last Update: July 2024
Platform-Specific Risks
Software Bugs and Errors: the Platform may contain bugs or errors that could affect its functionality. Users should be aware that software issues could impact the User experience, transaction processing, and access to Services.
System Upgrades: periodic system upgrades may be necessary, potentially causing temporary disruptions or changes to the Platform's functionality.
Product-Specific Risk (Digital Products)
Activation Risks: Users must activate digital products post-purchase to access them. Failure to activate products may result in the inability to use them and potential financial loss.
Compatibility Risks: digital products may not be compatible with all devices or platforms, potentially limiting their usability and value.
Product-Specific Risk (Physical Products)
Shipping Risks: physical products may be delayed, damaged, or lost during shipping. Users should review shipping terms and conditions and be aware of potential risks associated with product delivery.
Warranty and Returns: there are risks associated with warranty claims, returns, and refunds, which may be subject to specific terms and conditions. Users should familiarize themselves with the warranty and return policies for each product.
Third-party Services Risk
Intermediary Platforms: Horys Mall relies on Third-Party Partners that act as intermediary platforms, providing intermediation services between Users, referred to as "Third-Party Partner Websites”. Horys Mall does not control or influence the products and services provided by these Third-Party Partner Websites. Any issues or risks related to these Products, Services, Websites, and/or Platforms must be dealt with the respective Third-Party Partner Websites.
Service Availability Risk
Discretion of Third-Party Partners: The availability of services and/or products on Third-Party Partner Websites is subject to change at the sole discretion of these partners. Horys Mall has no control over the operation of Third-Party Partner Websites and cannot guarantee the availability of any services and/or products provided by them.
Data Security and Privacy Risk
Shared Credentials: using shared login credentials across different Third-Party Partner Websites involves transmitting your authentication details between Horys Mall and external websites and servers. Although Horys Mall implements robust security measures to protect your information, using shared credentials introduces risks of unauthorized access if there is a security breach or vulnerability in any of the interconnected systems.
User Behavior Monitoring Risk
Activity Tracking: the shared login functionality allows Third-Party Partner Websites to track your activity across multiple platforms using the same credentials. This is designed to improve User experience but can also lead to behavior and interactions being correlated, potentially impacting User privacy.
Third-Party Policies Risk
Diverse Policies: each Third-Party Partner Website may have its own terms of use, privacy policies, and security practices. By using shared login credentials, Users acknowledge they are subject to the policies and practices of both Horys Mall and the Third-Party Partner Websites. Users should review and understand each policy, term, and condition before using the shared login feature.
Due Diligence
Professional Advice: Horys Mall Services are not intended to provide financial, investment, or legal advice. The information presented in our Terms and Conditions, Privacy & Cookie Policy, and other documents are not financial or investment advice or recommendations to use any Third-Party Partner Website products or services. Users are encouraged to consult with qualified professionals before making decisions based on the Services provided through our Platform.
Advertising and Marketing Risks
Advertising Accuracy: Users should critically evaluate advertising and marketing claims on the Platform. Horys Mall does not guarantee the accuracy or reliability of advertisements.
Marketing Communications: Users may receive marketing communications. It is the User’s responsibility to manage their communication preferences.
Data and Security Breach Risk
Liability Disclaimer: Horys Mall disclaims any liability for damage of any kind caused by data losses on computer servers, hacking, cybersecurity breaches and/or other types of losses. Users acknowledge that Horys Mall is not responsible for any of these variables or risks and is not liable for any resulting losses experienced while accessing or using a Third-Party Partner Website.
Technological and Internet Risks
Internet Connectivity: Users’ access to the Platform depends on internet connectivity. Interruptions or failures in internet service can affect the ability to use the Platform effectively.
Technological Changes: rapid changes in technology can render certain features or services obsolete. Users should be prepared for potential technological disruptions or changes.
Fiat Payment Risks
Processing Risks: payments made via credit/debit cards are subject to processing delays, potential rejection by financial institutions, and chargebacks. User acknowledge these issues may affect the completion and security of transactions.
Fraud and Unauthorized Transactions: Users are at risk of fraud, including unauthorized transactions and identity theft. Despite robust security measures, there is always a risk of financial data being compromised.
Currency Conversion: Users making international transactions may be subject to currency conversion fees and fluctuations, which can impact the final cost of the purchase.
Cryptocurrency Payment Risks
Price Volatility: cryptocurrencies are highly volatile, and their value can change rapidly. This volatility can affect the final transaction value and potentially lead to financial loss.
Irreversibility: cryptocurrency transactions are irreversible. Users must carefully review transaction details before confirming payments, as mistakes cannot be undone.
Regulatory Uncertainty: the legal status of cryptocurrencies varies by jurisdiction and is subject to change. Users must be aware of and comply with local regulations governing cryptocurrency use.
Security Risks: despite security measures, cryptocurrencies can be subject to hacking, fraud, and other malicious activities. Users should employ strong security practices, such as using hardware wallets and enabling two-factor authentication.
Network Delays: cryptocurrency transactions may experience delays due to network congestion or technical issues within the blockchain network.
Participation Risk
Voluntary Participation: by participating in our Services, Users confirm that they are engaging at their own risk and discretion. Horys Mall does not guarantee outcomes, rewards, commissions, or benefits of referrals. Users also acknowledge that the value and availability of rewards can fluctuate based on market conditions and demand.
Responsibility and Decision Making
User Responsibility: participation in our Services is voluntary, and Users are solely responsible for their decisions. It is recommended that Users carefully evaluate risks and rewards and consider seeking independent advice if necessary. Horys Mall is not liable for any losses, damages, or negative outcomes resulting from participation in the referral program.
Acceptance of Risks
Agreement to Terms: by continuing to use our Platform and Services, Users accept the risks and terms outlined in this disclosure. If uncertain about any aspect of the Services, Users are advised to refrain from participating and seek further clarification.
Jurisdiction and Regulatory Risks
Legal Jurisdiction: Horys Mall is incorporated in the BVI. Users should be aware that the legal framework and regulatory environment of the BVI may differ significantly from those in their home jurisdictions. This may impact the enforceability of User rights and the resolution of disputes.
Compliance with BVI Laws: Users acknowledge that by using Horys Mall, they are subject to the laws and regulations of the BVI. Users should consider how these laws may affect their use of the Platform and seek legal advice if necessary.
Compliance and Legal Risks
Legal Compliance: Users must comply with all applicable laws and regulations in their jurisdiction. Horys Mall is not responsible for ensuring User compliance with local laws.
Intellectual Property Risks: Users must ensure that their use of the Platform does not infringe on any intellectual property rights. Any violation of intellectual property laws is the sole responsibility of the User.
Environmental and External Risks
Force Majeure: events such as natural disasters, pandemics, and other unforeseen circumstances can disrupt Platform operations and affect service availability.
Third-Party Reliance: the Platform's functionality may depend on third-party providers, such as payment processors and hosting services. Disruptions or failures in these third-party services can impact the Platform's performance and availability.
Tax Declaration and Disclaimer
Tax Obligations: by using the Services offered by Horys Mall and Third-Party Partner Websites, Users acknowledge that any purchases, commissions, or compensation received may be subject to taxation according to the laws and regulations of their jurisdiction. Users are solely responsible for understanding and complying with applicable local tax obligations.
No Liability for Taxes: Horys Mall and its Third-Party Partner Websites do not assume any liability or responsibility for Users' tax payments arising from rewards or benefits obtained through the products and services provided. Users are responsible for determining tax liabilities with a qualified tax professional or financial advisor and fulfilling any necessary tax reporting and payment obligations.
Professional Advice Recommendation: Horys Mall strongly recommends seeking advice from a qualified tax professional or financial advisor to accurately ascertain tax liabilities. Tax regulations and obligations vary by region and country. Users must ensure fulfillment of all applicable requirements.
Regulatory Changes: tax laws and regulations are subject to change. Users are responsible for staying informed about any changes that may affect their tax liability. Horys Mall and Third-Party Partner Websites are not responsible for notifying Users about alterations in tax laws.
Disclaimer: this tax declaration is for informational purposes only and does not constitute legal or financial advice. Users are advised to consult with a qualified tax professional or financial advisor in their jurisdiction for accurate and personalized guidance regarding tax obligations. Horys Mall and Third-Party Partner Websites do not endorse any specific tax strategy or interpretation of tax laws. Decisions based on provided information are made at Users' own risk.
By using the Services of Horys Mall and Third-Party Partner Websites, Users acknowledge and agree to the above-stated terms regarding their tax obligations and responsibilities.
