{"id":11,"date":"2022-06-14T09:26:54","date_gmt":"2022-06-14T09:26:54","guid":{"rendered":"https:\/\/nft.ferraritrento.com\/?page_id=11"},"modified":"2022-11-02T10:13:58","modified_gmt":"2022-11-02T10:13:58","slug":"terms-and-conditions","status":"publish","type":"page","link":"https:\/\/nft.ferraritrento.com\/en\/terms-and-conditions\/","title":{"rendered":"Terms and Conditions"},"content":{"rendered":"

General conditions for the combined sale of Physical Products and NFTs <\/b><\/span><\/span><\/p>\n

NFTs (non-fungible tokens) may be defined as non-interchangeable, cryptographic digital tokens, based on the technology of the blockchain. They represent a unique digital product, allowing one to transfer a digital asset by surrendering the NFT. <\/span><\/span><\/p>\n

The transfer of the NFT from one subject to another by means of the blockchain in question takes place digitally, is irreversible and cannot be duplicated. <\/span><\/span><\/p>\n

Purchase of the NFT does not imply, in any way whatsoever, any transfer and\/or licence relating to the trademarks reproduced in the NFTs (hereafter, \u201c<\/span><\/span>Intellectual Property<\/b><\/span><\/span>\u201d), which therefore remain in the exclusive ownership of Ferrari F.lli Lunelli S.p.A. (the \u2019\u201c<\/span><\/span>Company<\/b><\/span><\/span>\u201d). <\/span><\/span><\/p>\n

The combination of a NFT and a Physical Product, sold through the Company\u2019s official distribution channels, <\/span><\/span>is <\/span><\/span>unique.<\/span><\/span><\/p>\n

In order to be able to proceed with associating a NFT to the Physical Product they have bought, the client must observe the written instructions that the Company provides to the client on the Dedicated Web Page and the related link.<\/span><\/span><\/p>\n

The client must have available a digital wallet to which the NFT can be credited, following the instructions published on the Dedicated Web Page. <\/span><\/span><\/p>\n

Clients who do not have a digital portfolio may proceed to create a wallet by following the guided procedure and choosing – completely liberally \u2013 between the digital portfolios available on the page, or others of their choice. <\/span><\/span><\/p>\n

The Company cannot in any way be held responsible regarding the Wallet chosen by the Client and will not have access to any private key for opening it. More particularly, the three most frequently used digital portfolios will be indicated on the Web Page. The deadline within which the NFT must be redeemed will also be indicated on the Web Page and on the Card (as defined below). <\/span><\/span><\/p>\n

The images of the Physical Products and of the NFTs shown on the Web Page may differ slightly from how they are in reality; the client should therefore rely exclusively on the description of the Physical Product and of the NFT and its characteristics as given on the Web Page.<\/span><\/span><\/p>\n

The Company cannot be held in any way responsible for any errors deriving from the client\u2019s inability to connect properly to the Web Page or failure of the Web Page to work properly and\/or technical problems connected with the transactions necessary for processing the NFTs and transferring their ownership.<\/span><\/span><\/p>\n

NFTs are digital products that cannot be transferred physically. Allocation of the NFTs to the client may only take place according to the procedures indicated by the Company on the Web Page and in these General Conditions. In particular, the client must have available the address of a wallet to which the NFT can be credited. In the absence of a wallet, the Company will be unable to proceed with allocating a NFT to the client and cannot in any way be held responsible should the client not provide a valid address for the wallet that is in the name of or can be traced to the client, or if he or she provides incorrect addresses that do not belong to the client.<\/span><\/span><\/p>\n

NFTs cannot be returned by the client once they have been acquired and credited to the client\u2019s wallet. <\/span><\/span><\/p>\n

The material present on the Web Page is provided merely for purposes of information and does not represent investment advice or any other form of advice regarding investment services, financial instruments or financial products. The information shown does not represent an offer, request or recommendation to buy or sell financial instruments, financial products or digital assets.\u00a0<\/span><\/span><\/p>\n

Please be advised that the redemption of NFTs must take place within 24 (twenty-four) months and more particularly by the date communicated on the Web Page. Therefore, clients who do not redeem their NFTs within this period \u2013 in line with the Redemption procedures indicated on the Web Page \u2013 will definitively lose any right to use or own their NFTs without any attribution of responsibility to the Company and without any right to any reimbursement, compensation, reparation for damages or any similar refund.<\/span><\/span><\/p>\n

In any case, the Company cannot be held in any way responsible towards the client for compensation for any kind of indirect damages and\/or lost profits. <\/span><\/span><\/p>\n

In order to proceed with the allocation and redemption of a NFT <\/span><\/span>linked to the physical acquisition of a purchased product, the Client must follow in full the instructions provided by the Company by means of the physical <\/span><\/span>Card<\/b><\/span><\/span> attached to the physical product and on the dedicated web page.<\/span><\/span><\/p>\n

Specifically, the Client must:<\/span><\/span><\/p>\n