PLEASE READ THIS TERMS OF SERVICE AGREEMENT CAREFULLY. BY USING THIS WEBSITE OR BY COMPLETING THE REGISTRATION PROCESS YOU AGREE TO BE BOUND BY ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT
Description of Service : LicenTech provides patent holders or applicants with the opportunity to have their inventions listed on the website “” in order to offer it for sale or for license. LicenTech provides potential buyers with the opportunity to make offers regarding the patents displayed on the LicenTech portal.
CONDITIONS OF SERVICE: THE SERVICES PROVIDED “AS IS” WITH NO WARRANTY OF ANY KIND AND YOU USE THE SERVICE AT YOUR OWN RISK.
CONTENT RESPONSIBILITY: THE PATENT INFORMATION, PICTURES AND COMMENTS ARE PROVIDED BY AND ARE THE RESPONSIBILITY OF THE USER POSTING SUCH ITEMS. In particular, user understands that it is its own responsibility not to post any information which should remain confidential. User acknowledges and agrees that LicenTech neither endorses the contents of any user communications nor assumes responsibility for any threatening, libelous, obscene, harassing or offensive material contained therein, any infringement of third-party intellectual property rights arising there from or any crime facilitated thereby. Nevertheless, if LicenTech identifies any information which is patently false, inaccurate, misleading or otherwise not appropriate, it has the express right to remove said information from LicenTech portal without prior notice.
NEGOTIATION AND AGREEMENTS BETWEEN USERS: LicenTech helps in the actual transaction between buyers and sellers. However, LicenTech has no control over the quality, safety or legality of the items advertised, the truth or accuracy of the listings, the ability of sellers to sell items or the ability of buyers to pay for items. LicenTech cannot ensure that a buyer or seller will actually complete a transaction.
USER ACCOUNT, PASSWORD, AND SECURITY: Once you become a registered user of the portal. You are entirely responsible if you do not maintain the confidentiality of your password and account. Furthermore, you are entirely responsible for any and all activities which occur under your account.
MODIFICATION TO SERVICE: Although it is not our aim to do so, LicenTech reserves the right to modify or discontinue the Service with or without notice to user. LicenTech shall not be liable to user or any third party should Patent Auction exercise its right to modify or discontinue the Service.
DISCLAIMERS, WARRANTIES, AND INDEMNIFICATION: LicenTech EXPRESSLY DISCLAIMS ANY WARRANTY, EXPRESS OR IMPLIED, REGARDING THE SERVICE, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.
UNDER NO CIRCUMSTANCES WILL LicenTech BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES ARISING OUT OF OR IN CONNECTION WITH USE OF THE SERVICE WHETHER OR NOT LicenTech HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
You agree to hold harmless and indemnify LicenTech and its representatives, from and against any third party claim arising from or in any way related to your use of the Service, including any liability or expense arising from all claims, losses, damages (actual and consequential), suits, judgments, litigation costs and attorneys’ fees, of every kind and nature.
NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY USER FROM OR THROUGH THE SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN. LicenTech MAKES NO WARRANTY REGARDING ANY PATENTS PURCHASED OR OBTAINED THROUGH THE SERVICE OR ANY TRANSACTIONS ENTERED INTO THROUGH THE SERVICE.
FINAL PROVISIONS: USERS MAY NOT TAKE ANY ACTIONS THAT MAY UNDERMINE THE INTEGRITY OR THE SECURITY OF THE SYSTEM. USERS VIOLATING THIS PROVISION MAY BE EXPOSED TO LEGAL ACTION. Any controversy or claim arising out of or relating to this Agreement shall be settled by binding arbitration in accordance with Indian Law. The decision of the arbitrator shall be final and unappealable. The arbitration shall be conducted in New Delhi, India.