This Membership Agreement (“the Agreement”) is effective on the 14th day of March 2016 by and between the Oil & Gas Digital Ventures, Inc. / Oil & Gas Postings, hereinafter referred to as Community, accessed via www.oilandgaspostings.com with a business address of 2101 Smith Street, Suite 250, Houston, Texas 77002, and all current and future members of Oil & Gas Digital Ventures, Inc. / Oil & Gas Postings hereinafter referred to as “Member”.
By accessing, browsing or using the www.oilandgaspostings.com website or by selecting I Accept during the membership registration, you represent that you have read, understand and agree to be bound by the terms and conditions of this Membership Agreement hereinafter referred to as Agreement.
- Nature of the Service
The Community is a professional network facilitating the exchange of information between potential business professionals. The Community provides to its members benefits such as but not exclusive to: Oil and Gas Postings provides a clear, user-friendly web platform to discover oil and gas assets/prospects for sale, backed by superior technology and experienced advisory support services. The Community works like an online community of internet users.
- TUser Registration and Information
Member shall fill in the correct information requested in the User Registration form on the site. Member shall be required to promptly update the User Information on the site. Member shall select a username and password during the User Registration process. Member shall be responsible for: a) all use of the Site made by the Members username and password, and b) maintaining the confidentiality of the Members username and password.
The Content includes prospectus, offerings, technical data, seismic data, well logs, location, and geological information, uploaded by Members and managed by Community on locations on the Site. Member of the Community is deemed to grant the Community the nonexclusive right to post, display, copy, and modify the Content in connection with the operation of the Site and the Community´s business. Further, the Member is deemed to grant the Community the nonexclusive right to post, display, copy, and sell the Content within the limitations set by the Member during the online publishing process. Member is also deemed to authorize the Community to disclose his/her data when the Member includes such data in the content.
If the Member has a dispute with one or more other Members, the Member shall release the Community (and its officers, directors, agents, subsidiaries, joint ventures and employees) from claims, demands and damages (actual and consequential) of every kind and nature, known and unknown, arising out of or in any way connected with such disputes.
Community shall not sell or rent Members information to third parties without Members explicit consent. Community shall store and process Members information on computers located in the United States that are protected by physical as well as technological security devices. However, the Community shall be permitted to access and modify Members information.
Member shall indemnify and hold the Community (and its officers, directors, agents, subsidiaries, joint ventures and employees) harmless from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of Members breach of this Agreement, or Members violation of any law or the rights of a third party.
- No Agency
No agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by this Agreement, except as expressly approved by the Community and the Member.
- Terminating Membership
Member shall choose to retire or delete the published content from the Community´s site and it shall be no longer available or visible to other visitors. Terms regarding the status of the uploaded content shall remain applicable when the Member chooses to terminate the membership. Contents posted to the site, other than the published content, shall not be deleted or retired as a result of the Members termination.
- Governing Law
This Agreement shall be construed under and governed in accordance with the laws of the Texas.
Any dispute arising under this contract shall be resolved under the commercial arbitration rules of the American Arbitration Association.
- Limitation of Liability rbitration
Member shall not hold Community responsible for other user Members content, actions or inactions.