1. Definitions

“Company” or “We” or “Us” or “Our” refers to Music Banq Limited.

“Platform” or “Music Banq” refers to the Company software, servers, and digital infrastructure, including but not limited to website and application and any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto for the Services.

“You” or “Your” or “User”  refers to anyone accessing or using Our Platform; this includes any natural person, company, or authorized representative such as Independent artist, songwriters, producers, labels and rights managers.

“Services” refers to the digital tools provided via the Platform for catalog management, royalty tracking, and monetization. This includes cross-border payment processing, data analytics, customer support, and any other features or functionalities made available through Our Platform to assist rights holders in managing and building wealth from their creative assets.

 

1. Introduction

• 1. Music Banq is a digital platform designed to help creators and rights holders track, manage, and monetize their royalties with ease. By simplifying music catalog management and cross-border payments. Music Banq gives creators transparency, control, and faster access to their earnings. Music Banq aims to unlock the financial value of music by empowering creators and setting new standards of trust and transparency in royalty management as well as enhancing catalogue value to build wealth with confidence and ease.
• 2. This Platform is a property of Music Banq Limited and the Terms of Use constitute a legally binding agreement made between You and Us. Please read these Terms of Use (“Terms“) carefully as they govern Your use of our Platform.
• 3. We reserve the right to update, change, modify the Terms from time to time to reflect changes to Our Services, Users needs and priority. It shall be Your responsibility to check the Terms often for such changes and you waive any right to receive specific notice of each such change. By continuing to use Our Platform and Services after these changes are posted, You agree to be bound by the revised Terms.
• 4. Acceptance of Term

By accessing, signing up for, or otherwise using the Platform, You confirm that You have read, understood, and agree to be bound by these Terms within the Territory.

• 5. If You do not accept these Terms, then You must not access or use this website or Our services.
• 6. You confirm that You understand these Terms and that You have sought legal guidance where necessary to clarify any unclear provisions or declined to do so. You acknowledge that a breach of any of these Terms may result in restriction, suspension, or cancellation of Your rights to use the services on this website.

 

1. Eligibility, Membership, Registration

• 1. By using Our Platform/ Services, You confirm that You are at least 18 years old and are legally capable of entering into a binding agreement. If You are accessing the Platform on behalf of a company or a legal entity, You represent that You have the legal authority to bind that entity to these Terms.
• 2. To access the Our Services, including royalty tracking and monetization, You must create an account. You agree to provide accurate and complete information, including Your legal name, email address, phone number, and relevant banking information required for cross-border payments.
• 3. You represent that all information You provide to Us is correct and not misleading. You are responsible for promptly updating Your account details to maintain their accuracy. Musiq Banq reserves the right to suspend or terminate accounts that provide false or fraudulent information.
• 4. You are solely responsible for maintaining the confidentiality of Your account login credentials. You agree to accept responsibility for all activities that occur under Your account. In the event of a security breach, theft, or unauthorized access to Your account, You must notify Us immediately at info.themusicbank@gmail.com
• 5. As Our Services involve the processing of financial earnings and the management of intellectual property, We may require additional identity verification (KYC) before processing payments or granting access to certain catalog management tools.
• 6. You have the right to delete Your account at any time if You no longer wish to use our services.

 

1. Grant of right and Data Integration

• 1. You hereby grant Us a non-exclusive, worldwide license to access, retrieve, and display data from third-party Collective Management Organizations (CMOs), performance rights societies, and digital service providers (DSPs) linked to Your account.
• 2. We rely on data provided by third-party societies and platforms which the User is signed up with . We do not warrant the accuracy, completeness, or timeliness of such third-party data and shall not be held liable for any discrepancies in royalty reporting or payment calculations originating from these external sources.

 

1. Payment

• 1. Payments are processed via third-party payment gateways which allow Users pay using cards, mobile money, or through wallet balance as made available on the Platform. You agree to be bound by such third payment gateway’s terms. We reserve the right to deduct applicable service fees, transaction costs, currency conversion margins and applicable taxes from royalty payouts as disclosed on the Platform.
• 2. All prices are displayed in Naira (₦) and include applicable taxes unless stated otherwise.

 

1. Prohibited Use

• 1. We are committed to maintaining a safe and lawful environment for all Users and therefore prohibit the use of our Platform for any unlawful purposes. By accessing or using our Platform, You agree not to use the website or services for any purpose other than that for which they are explicitly provided.

 

• 2. Without limiting the extent of illegality under any applicable law or regulation within the jurisdiction, you agree not to:

1. commit any act that violates, or breaches the provisions of, any applicable local, state, national, or international law or regulation.
2. engage in any form of abuse or misuse, including but not limited to the unauthorized modification, disruption, or interference with the normal operation, security, or functionality of the website, its servers, or networks.
3. attempt or successfully gain unauthorized access to any part of the Platform, other user accounts, or our systems. This includes, but is not limited to, hacking, cracking, phishing, or using automated systems to scrape data.
4. engage in harassment, stalking, threats, or any conduct that is abusive, defamatory, discriminatory, or otherwise harmful to other users, our personnel, or third parties.
5. use the services to carry out or facilitate fraud, including submitting false information, impersonating another person or entity, or engaging in deceptive activities.

 

1. Intellectual Property and Infringement Notice

• 1. Except for User-uploaded creative assets, all content on the Platform is the exclusive property of Musiq Banq Limited. This includes, without limitation, all source code, databases, functionality, software, website designs, audio, video, text, photographs, graphics, logos, contact templates and trademarks (the “Proprietary Property”).

 

• 2. You acknowledge that We retains all right, title, and interest in and to the Platform and Services, including any suggestions, enhancement.
• 3. You retain ownership of all creative assets and contracts uploaded to the Platform. However, You represent and warrant that You own or have the necessary licenses for all content uploaded. You agree to indemnify Us against any claims of intellectual property infringement related to Your uploaded assets.
• 4. If You suspect unauthorized use of Your work, please follow the procedure below to submit a formal notice of claimed infringement.

How to Submit an Infringement Claim

• 5. All claims of alleged copyright infringement must be submitted in writing, duly signed and sent to us via email to info.themusicbank@gmail.com The written claim shall include all of the following information:

1. Full name and contact details of the complainant, including telephone number and email address. If an agent is submitting the claim, they must specify the legal name of the owner for whom the claim is being made.
2. A detailed description of the copyrighted work which has allegedly been infringed.
3. Evidence of ownership of the work
4. A description of the material on our website that You claim is infringing on Your work. This shall accompany an image and URL/link to the page where the work is displayed on our website.
5. A statement, made under penalty of perjury, that: (i) the complainant has a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law, and (ii) the information in the notification is accurate, and the complaining party is the owner, or is authorized to act on behalf of the owner, of the exclusive right that is allegedly infringed.
   • 6. Review and Takedown Process
6. Upon receipt of a complete written notice, we will immediately begin our internal verification process and verify the alleged infringement within 10 business days.
7. If the claim is verified and confirmed, we will take steps to remove or disable access to the infringing content within 7 days of that confirmation.
8. If, after our verification process, we determine that no legitimate infringement claim exists or the claimant has failed to provide sufficient evidence of ownership or unauthorized use, the content in question will remain published on our website.
   • 7. We are not liable for any alleged infringement that may occur on our Platform. By using this Platform, You acknowledge that we cannot be automatically held responsible or liable for any content that may be unintentionally infringing. Your sole remedy for suspected infringement is to follow the formal reporting process detailed above. You shall not assert that infringement has occurred without following this procedure.

 

1. Governing& Applicable  Law

• 1. These Terms are governed by and constructed in accordance with the laws of the Federal Republic of Nigeria(the “Jurisdiction”). Any disputes or claims arising out of or in connection with these Terms will be subject to the exclusive jurisdiction of the courts of the Jurisdiction.

 

1. Language :English
2. Territory : World Wide 
3. Limitation of Liability

To the maximum extent permitted by applicable law, in no event shall We be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from:

1. Your access to or use of, or inability to access or use, our Services ( eg temporary unavailability of the website or services)
2. Any conduct of any third party on the Service (including third-party payment processors or delivery services).
3. Incorrect or incomplete information provided by users.
4. Unauthorized access, use, or alteration of your transmissions or content.

 

1. Others

• 1. The Terms are part of a larger agreement with You. Other terms and policies that also apply to Your use of our services include Our Privacy Policy, which explains how We collect, use, and protect Your personal data.
• 2. By using our services, You agree to be bound by these additional terms, as well as any other policies We may implement from time to time.
• 3. Your continued use of our Services after such notification constitutes Your acceptance of the changes.