Terms of Service
1. INTRODUCTION AND ACCEPTANCE
1.1These Terms of Service (“TOS” or “Agreement”) govern access to and use of the i.LEASE platform, website, APIs, and related services (collectively, the “Platform”) operated by i.LEASE (“Service Provider”, “we”, “us”, or “our”).
1.2This Agreement constitutes a legally binding contract between i.LEASE and any individual or entity accessing or using the Platform (“User”). Depending on context, a User may act as a buyer (“Buyer”), seller (“Seller”), lessor, lessee, or service customer (collectively, “Customer”).
1.3By accessing, registering for, or using the Platform or any services made available through it (the “Services”), you confirm that you have read, understood, and agreed to be bound by this Agreement, including any policies or documents incorporated by reference.
1.4The Platform and Services are offered exclusively to business users. Consumers acting in a personal, household, or non-commercial capacity are strictly prohibited from using the Platform.
1.5If you access or use the Platform on behalf of a legal entity, you represent and warrant that you have full authority to bind that entity to this Agreement.
2. DEFINITIONS AND INTERPRETATION
2.1Headings are for convenience only and do not affect interpretation. Words in the singular include the plural and vice versa.
2.2In this Agreement, unless the context otherwise requires:
•“IPv4 Resources” means Internet Protocol version 4 address blocks recorded in the registries of the relevant Regional Internet Registries.
•“RIR” means a Regional Internet Registry, including AFRINIC, ARIN, APNIC, LACNIC, and RIPE NCC.
•“Marketplace” means the Platform functionality that facilitates third-party IPv4 listings, matching, settlement coordination, and administrative processing.
•“Listing” means a Buyer Listing or Seller Listing published on the Platform.
•“Transaction” means a sale, purchase, transfer, lease, or similar disposition of IPv4 Resources between Users.
3. ROLE AND POSITIONING OF i.LEASE
3.1i.LEASE operates solely as a neutral execution, coordination, and operational platform designed to enable Users to transact directly with one another in the IPv4 secondary market. The Services provided by i.LEASE consist of technical tooling, workflow orchestration, registry coordination support, and administrative processing intended to make third-party transactions operable.
3.2For the avoidance of doubt, i.LEASE does not act as a buyer, seller, broker, agent, intermediary, fiduciary, trustee, escrow provider, investment advisor, or representative of any User. i.LEASE does not participate in price formation, does not speculate on IPv4 values, does not take policy positions, and does not guarantee market outcomes, transaction success, or regulatory approval.
3.3Any handling of funds by i.LEASE in connection with Transactions is undertaken solely for administrative processing and settlement facilitation purposes. No escrow, trust, custodial, agency, or fiduciary relationship is created between i.LEASE and any User as a result of such handling of funds.
3.4The Customer acknowledges that any information, tools, workflows, pricing indicators, or materials made available through the Platform are provided for general informational and operational purposes only and do not constitute legal, regulatory, financial, tax, or investment advice. The Customer confirms that it has not relied on the Service Provider for advice of any kind and has obtained, or has had the opportunity to obtain, independent professional advice before entering into any Transaction.
4. ACCOUNT REGISTRATION, KYC AND ACCESS CONTROL
4.1Access to certain features of the Platform requires the creation of an account. Each User must provide accurate, complete, and up-to-date information and must promptly update such information if it changes. i.LEASE may require Users to provide corporate documentation, identity verification materials, beneficial ownership information, source-of-funds information, and any other information reasonably necessary to satisfy legal, regulatory, sanctions, or internal compliance requirements.
4.2i.LEASE reserves the right, at its sole discretion, to refuse registration, suspend access, restrict functionality, or terminate an account where information provided is false, misleading, incomplete, outdated, or where continued access presents legal, regulatory, sanctions, fraud, or reputational risk. Users are solely responsible for safeguarding their credentials and for all activity conducted through their accounts, whether authorized or unauthorized.
5. MARKETPLACE FACILITATION SERVICES
5.1The Platform provides a Marketplace through which independent Buyers and Sellers may list, match, and administratively process Transactions involving IPv4 Resources. i.LEASE is not a party to any Transaction facilitated through the Marketplace and does not assume any contractual obligations between Buyers and Sellers.
5.2All Marketplace Transactions facilitated by i.LEASE must be conducted through the Platform unless i.LEASE has expressly agreed otherwise in writing. i.LEASE does not verify ownership, title, authority, or transferability of IPv4 Resources and does not guarantee the accuracy or completeness of any Listing.
5.3Where a Seller publishes a listing offering IPv4 Resources for sale, Buyers may submit bids or elect any buy-out option made available through the Platform. All bids, elections, amendments, and withdrawals are subject to Platform rules and may be rejected, suspended, or invalidated by i.LEASE for compliance, operational, or risk-management reasons. The selection of a Buyer remains solely the Seller’s decision, and i.LEASE does not endorse or guarantee any selection outcome.
5.4Where a Buyer publishes a listing indicating an intention to purchase IPv4 Resources, Sellers may submit offers or elect any direct-sale option made available through the Platform. The selection of a Seller remains solely the Buyer’s decision, and i.LEASE does not participate in or influence such decision.
5.5Any payments received by i.LEASE in connection with a Marketplace Transaction are received solely for administrative processing and settlement facilitation purposes and do not constitute escrow, trust, custodial, or fiduciary funds. i.LEASE may temporarily hold, delay, suspend, or withhold payments where reasonably required to comply with applicable law, sanctions regimes, anti-money laundering obligations, fraud prevention measures, or internal compliance controls.
5.6Sellers are solely responsible for submitting transfer or reassignment requests to the relevant RIR and for complying with all applicable RIR policies and requirements. i.LEASE does not verify, warrant, or guarantee the accuracy, sufficiency, or outcome of any RIR submission.
5.7Buyers are responsible for independently verifying completion of any IPv4 transfer. Any confirmation provided by a Buyer through the Platform constitutes the Buyer’s independent, final, and irrevocable determination for settlement purposes. Following such confirmation, and subject to compliance checks, i.LEASE may release payment to the Seller, and such release shall constitute full and final settlement of the Transaction. i.LEASE shall thereafter have no further involvement in or liability arising from the Transaction.
5.8Any delay, rejection, refusal, reversal, or conditional approval by an RIR is solely a matter between the Buyer and Seller. i.LEASE bears no responsibility or liability for RIR decisions or regulatory outcomes.
5.9Each Seller agrees to indemnify and hold harmless i.LEASE from any claims, losses, liabilities, damages, or expenses arising from defective title, lack of authority, misrepresentation, or breach of RIR policies. Each Buyer agrees to indemnify and hold harmless i.LEASE from any claims arising from misuse of IPv4 Resources, regulatory or sanctions exposure, or disputes asserted against a Seller. These indemnities are cumulative and survive termination of this Agreement.
5.10The Customer agrees to comply with the Service Provider’s Acceptable Use Policy as published on the Platform from time to time, which forms part of this Agreement. Breach of the Acceptable Use Policy constitutes a material breach of this Agreement.
6. IPV4 LEASING AND LIFECYCLE SERVICES
6.1i.LEASE may facilitate leasing-in, leasing-out, and lifecycle management services in relation to IPv4 Resources. Any such services are provided strictly as operational and administrative support and do not confer ownership, proprietary, or registrable rights in IPv4 Resources. All leasing arrangements remain subject to applicable RIR policies and to the contractual arrangements between the relevant lessor and lessee.
7. FEES, PAYMENTS, AND TAXES
7.1Fees for Services are displayed on the Platform or agreed separately. Unless expressly stated otherwise, all fees are exclusive of taxes, duties, levies, or withholdings. Users are responsible for all applicable taxes arising from their use of the Services or participation in Transactions. Chargebacks are prohibited except where required by applicable law.
7.2For each Transaction executed through the Marketplace, a platform service fee shall be payable to the Service Provider by each User participating in the Transaction, calculated as follows, unless otherwise expressly agreed by the Service Provider in writing:
(a)in respect of a sale, purchase, or transfer of IPv4 Resources, a platform service fee equal to five percent (5%) of the applicable transaction value; and
(b)in respect of a lease of IPv4 Resources, a platform service fee equal to one percent (1%) of the applicable transaction value.
7.3The platform service fee is charged in consideration for access to the Platform, transaction facilitation, workflow orchestration, and related operational and administrative services, and does not constitute a brokerage fee, agency commission, or consideration for the sale, lease, or transfer of IPv4 Resources.
7.4The Service Provider may deduct the applicable platform service fee from settlement amounts processed through the Platform or invoice the relevant User separately, as determined by the Service Provider from time to time.
8. COMPLIANCE, SANCTIONS, AND AML
8.1Users represent and warrant that their use of the Platform and participation in Transactions comply with all applicable laws, including anti-money laundering laws, counter-terrorism financing laws, and sanctions regimes. i.LEASE may suspend or terminate Services without liability where required to comply with legal or regulatory obligations or where continued provision of Services would expose i.LEASE to legal or compliance risk.
8.2Notwithstanding any other provision of this Agreement, the Service Provider may, acting reasonably and without liability, suspend, restrict, or limit a User’s access to the Platform or specific Services, remove or demote Listings, withhold settlement, or impose temporary controls where the Service Provider reasonably determines that such action is necessary for compliance with applicable law, RIR policy, sanctions, AML requirements, fraud prevention, platform integrity, or risk management. Such measures may be taken with or without prior notice where immediate action is required, and shall not constitute termination of this Agreement unless expressly stated.
9. INTELLECTUAL PROPERTY
9.1All rights, title, and interest in the Platform, software, interfaces, content, and branding remain with i.LEASE. Users are granted a limited, revocable, non-exclusive, non-transferable licence to use the Platform solely for lawful business purposes in accordance with this Agreement. No rights are granted in IPv4 Resources themselves.
10. CONFIDENTIALITY AND DATA PROTECTION
10.1Each party must maintain the confidentiality of non-public information obtained in connection with the Platform and must not disclose such information except as required by law or permitted under this Agreement. i.LEASE processes personal data in accordance with applicable data protection laws and its published privacy policies.
11. DISCLAIMERS
11.1The Platform and Services are provided on an “as is” and “as available” basis. i.LEASE makes no representation or warranty regarding transaction success, timing, pricing, registry approval, or regulatory outcomes. Use of the Platform is at the User’s own risk.
12. LIABILITY AND INDEMNITY
12.1The Services are provided strictly on an “as is” and “as available” basis, and the Customer acknowledges that use of the Site and Services is undertaken entirely at the Customer’s own risk. To the maximum extent permitted by applicable law, the Service Provider shall not be liable for any loss, damage, cost, or expense suffered by the Customer arising out of or in connection with the Customer’s participation in any Transaction, the actions or omissions of any counterparty, or any decision or outcome of a Regional Internet Registry or regulatory authority.
12.2The Customer shall indemnify, defend, and hold harmless the Service Provider, its affiliates, directors, officers, employees, and agents from and against all claims, demands, proceedings, losses, damages, liabilities, costs, and expenses (including legal fees on a full indemnity basis) arising from or relating to the Customer’s breach of this Agreement, violation of applicable law or RIR policy, misuse of IPv4 resources, or any representation or warranty made by the Customer that is inaccurate or misleading.
12.3Nothing in this Agreement shall exclude or limit liability that cannot lawfully be excluded or limited under applicable law. Subject thereto, the aggregate cumulative liability of the Service Provider arising out of or in connection with this Agreement shall not exceed ten percent (10%) of the total fees actually paid by the Customer to the Service Provider in the twelve (12) months preceding the event giving rise to the claim.
13. CHANGES TO TERMS OF SERVICE
13.1The Service Provider may amend, modify, or update these Terms of Service from time to time in accordance with its internal policies and operational requirements. Any such modification shall be published on the Site, and the version so published shall constitute the latest applicable version. Except as expressly provided otherwise herein, any modification shall apply prospectively only and shall not retroactively affect any fees already paid, accrued rights, or Transactions completed prior to the effective date of such modification. Continued access to or use of the Site or Services following the publication of a modified version shall constitute the Customer’s deemed acceptance of such modifications.
14. DEFAULT AND TERMINATION
14.1This Agreement may be terminated by the Service Provider with immediate effect if the Customer fails to pay any amount due under this Agreement and such failure continues for seven (7) days after the due date, breaches any material obligation under this Agreement, violates applicable RIR policies, transfers or purports to transfer IPv4 resources without authority, or engages in conduct that materially prejudices or threatens to prejudice the Service Provider’s legal, regulatory, reputational, or operational position.
14.2Where termination occurs prior to the natural expiry of a fixed service term due to the Customer’s default, the Customer agrees that the Service Provider shall suffer genuine commercial loss, including unrecovered onboarding, compliance, operational, and opportunity costs. Accordingly, the Customer shall pay liquidated damages equal to the unpaid portion of the agreed service fees for the remainder of the fixed term, calculated at the undiscounted rate, together with the difference between any discounted pricing applied and the original pricing, such sums being a genuine pre-estimate of loss and not a penalty.
14.3Either Party may terminate this Agreement immediately upon the insolvency, liquidation, receivership, or cessation of business of the other Party. Termination shall not affect accrued rights, payment obligations, indemnities, or provisions which by their nature are intended to survive termination.
14.4Clauses relating to liability, indemnity, fees, confidentiality, compliance, intellectual property, governing law, and any provisions which by their nature are intended to survive termination shall survive termination or expiry of this Agreement.
15. USE OF NAME AND LOGO
15.1The Customer consents to the Service Provider’s use of the Customer’s name and logo solely for the purposes of identifying the Customer as a client of the Service Provider in marketing materials, client lists, or press releases, unless otherwise agreed in writing.
16. RELATIONSHIP OF PARTIES
16.1The relationship between the Parties is that of independent contractors. Nothing in this Agreement creates any partnership, joint venture, agency, escrow, trust, fiduciary, employment, or representative relationship between the Parties. Neither Party has authority to bind the other in any manner whatsoever.
17. ASSIGNMENT
17.1Neither Party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other Party, save that the Service Provider may assign this Agreement as part of a corporate reorganization, merger, or sale of assets upon notice.
18. LEGAL AND REGULATORY COMPLIANCE
18.1The Customer represents and warrants that its use of the Services complies with all applicable laws, sanctions regimes, and anti-money laundering and counter-terrorism financing regulations. The Service Provider may suspend or terminate Services without notice where required to comply with legal or regulatory obligations or to mitigate compliance risk.
19. WAIVER
19.1No failure or delay by either Party to exercise any right shall operate as a waiver of that right.
20. SEVERABILITY
20.1If any provision of this Agreement is held unenforceable, the remainder shall continue in full force and effect.
21. FORCE MAJEURE
21.1The Service Provider shall not be liable for failure or delay caused by events beyond its reasonable control, including regulatory actions, RIR outages, sanctions measures, cyber incidents, or infrastructure failures.
22. NOTICES
22.1Any notice required or permitted under this Agreement shall be given electronically through the Platform or by email to the address associated with the User’s account, and shall be deemed received when transmitted, unless the sender receives an automated failure notice.
23. GOVERNING LAW
23.1This Agreement shall be governed by and construed in accordance with the laws of Hong Kong, and the courts of Hong Kong shall have non-exclusive jurisdiction.
24. ENTIRE AGREEMENT
24.1This Agreement constitutes the entire agreement between the Parties and supersedes all prior understandings.
25. EFFECTIVE DATE
25.1The Services shall commence upon receipt of the first payment and completion of required onboarding and compliance checks.
