Last updated: July 19, 2024

 

These Terms of Use (the “Terms”) govern your use of Teamworks Wallet and provide information about the Teamworks Wallet service and app. When you create a Teamworks Wallet account, you must agree to these Terms.

 

ARBITRATION NOTICE: YOU AGREE THAT DISPUTES BETWEEN YOU AND TEAMWORKS INNOVATIONS, INC. OR ANY OF ITS AFFILIATES WILL BE RESOLVED BY BINDING, INDIVIDUAL ARBITRATION AND YOU WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.

 

1. TEAMWORKS WALLET SERVICES

Teamworks Innovations, Inc. and its affiliates (collectively, “We,” “our,” “us,” or “Teamworks”) agree to provide you with Teamworks Wallet including all of the Teamworks Wallet features, applications, services, technologies, and software (the “Services”) subject to our agreements with certain third parties including Third Party Service Providers (as defined below). Please read the Terms carefully before using the Services. By using the Services, you agree to be bound and abide by these Terms.

 

Your use of the Services is also subject to our Privacy Policy, which is located at https://teamworks.com/privacy-policy/. We reserve the right to modify these Terms at any time as outlined herein. We also reserve the right to make any changes to the Services in any manner and to deny or terminate your access to all or part of the Services, even if you have an account, in our sole discretion.

 

2. USE OF THIRD-PARTY BANKING RELATED SERVICES

The Services will include access to banking related services from various third party service providers (the “Third-Party Services Providers”), including without limitation, Priority Technology Holdings, Inc. (“Priority”), its subsidiary Finxera, Inc. (NMLS #1168701), and certain financial institutions. Your use of the Third-Party Services Providers’ services is only as a technology service provider of banking related services and is subject in all respects to our agreements with such Third-Party Services Providers. YOU AGREE TO INDEMNIFY, HOLD HARMLESS AND DEFEND TEAMWORKS FROM ANY COSTS, EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES), LOSSES, DAMAGES OR LIABILITY ARISING FROM ACTUAL OR ALLEGED IMPROPER USE OF THIRD-PARTY SERVICE PROVIDERS’ SERVICES BY YOU.

 

3. HOW YOU CAN’T USE TEAMWORKS WALLET

1. 1. You can’t do anything unlawful, misleading, or fraudulent or for an illegal or unauthorized purpose.
   2. You can’t do anything that is patently offensive in any manner.
   3. You can’t violate these Terms, any of our other policies, or do anything that is contrary to Teamworks’ reputation.
   4. You can’t do anything to interfere with or impair the intended operation of the Services.
   5. You can’t do anything that violates someone else’s rights, including infringing on their intellectual property rights.

 

4. USER CONTENT, CONTENT REMOVAL, AND DISABLING OR TERMINATING YOUR ACCOUNT

Teamworks is a technology company, not a bank. Banking services provided through the Services are provided by Third-Party Services Providers including Priority. The Services also include the opportunity for you to access money transmission services using Third-Party Services Providers. Teamworks and Teamworks Wallet do not provide money transmission services. Money transmission services relating to the Passport Program are provided by Priority, directly or through its subsidiary Finxera, Inc. (NMLS #1168701) or its authorized affiliates and contractors. You are solely responsible for your accounts opened through use of the Services.

 

5. TEAMWORKS OWNERSHIP OF THE SERVICES AND SOFTWARE

 

The Services and any other application or software provided to you under these Terms shall remain the sole and exclusive property of Teamworks, including all applicable rights to patents, copyrights, trademarks, trade secrets, and other intellectual property rights of Teamworks inherent therein. You further agree that you shall not in any way question or dispute ownership by Teamworks of the Services. In addition, you shall not:

 

1. 1. Copy all or any portion of the Services;
   2. Modify the Services in any way;
   3. Distribute, disclose, market, rent, lease, assign, sublicense, pledge or otherwise transfer any of the Services, in whole or in part, to any third party;
   4. Remove or alter any copyright, trademark, trade name or other proprietary notices, legends, symbols or labels appearing on the Services;
   5. Post private or confidential information or do anything that violates someone else’s rights, including intellectual property; 
   6. Use the Services for any purpose or in any manner other than as expressed in these Terms.

 

6. ADDITIONAL TERMS

1. 1. If any aspect of these Terms is unenforceable, the rest will remain in effect. Any amendment or waiver to these Terms must be in writing and signed by us. If we fail to enforce any aspect of these Terms, it will not be a waiver. We reserve all rights not expressly granted to you.
   2. These Terms do not give rights to any third parties. You cannot transfer your rights or obligations under these Terms without our consent. Our rights and obligations can be assigned to others.
   3. The Services are provided “as is,” and we can’t guarantee the Services will be safe and secure or will work perfectly all the time. To the extent permitted by law, we disclaim all warranties, whether express or implied, including the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement.
   4. If there is an issue with our Services, we can’t know what all the possible impacts might be. You agree that we won’t be responsible for any lost profits, revenues, information, or data, or consequential, special, indirect, exemplary, punitive, or incidental damages arising out of or related to these Terms, even if we know they are possible. This includes when we delete your content, information, or account. Our aggregate liability arising out of or relating to these Terms will not exceed the greater of $50 or the amount you have paid us in the past twelve months.
   5. You agree to defend, indemnify and hold us harmless from and against any claims, liabilities, damages, losses, and expenses, including without limitation, reasonable attorney’s fees and costs, arising out of or in any way connected with these Terms or your use of the Services. You will cooperate as required by us in the defense of any claim. We reserve the right to assume the exclusive defense and control of any matter subject to indemnification by you, and you will not in any event settle any claim without our prior written consent.
   6. Instead of using arbitration, you or we can bring claims in your local “small claims” court, if the rules of that court will allow it. If you don’t bring your claims in small claims court (or if you or we appeal a small claims court judgment to a court of general jurisdiction), then the claims must be resolved by binding, individual arbitration. The American Arbitration Association will administer all arbitrations under its Consumer Arbitration Rules. You and we expressly waive a trial by jury. Any proceedings to resolve or litigate any dispute will be conducted solely on an individual basis. Neither you or Teamworks may seek to have any dispute heard as a class action or in any other proceeding in which either party acts or proposes to act in a representative capacity.
   7. The laws of the State of North Carolina, to the extent not preempted by or inconsistent with federal law, will govern these Terms and any claim, without regard to conflict of law provisions.

 

7. UPDATING THESE TERMS

We may change our Services and policies, and we may need to make changes to these Terms so that they accurately reflect our Services and policies. Unless otherwise required by law, we will notify you (for example, through our Services) before we make changes to these Terms and give you an opportunity to review them before they go into effect. Then, if you continue to use the Services, you will be bound by the updated Terms.