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BlueOrchidSuites - Terms and Conditions for Property Transfer via NFT Sale

1. Overview​

The Orchid Suites NFT sale represents a unique opportunity to own both a digital token (NFT) and the associated real-world property. By purchasing this NFT, you agree to the terms and conditions outlined below, which establish the transfer of property ownership upon completion of the sale.

2. NFT Ownership and Property Rights​

  • NFT Ownership:

    • Ownership of the NFT is transferred to the buyer upon successful transaction on the blockchain.
    • The NFT includes metadata referencing the associated real-world property.

  • Property Rights:

    • The NFT serves as proof of entitlement to the ownership of the real-world property described in the metadata.
    • Property transfer is subject to local laws and regulations and will be executed following the completion of the NFT purchase.

  • Transfer Agreement:

    • By purchasing this NFT, the buyer agrees to enter into a legally binding agreement for the transfer of the real-world property.
    • Ownership of the property will not transfer until both the NFT sale and the legal property transfer process are complete.

  • Compliance:

    • The buyer must provide any necessary identification and documentation to comply with local property transfer laws.

  • Jurisdiction:

    • The property transfer will be governed by the laws of the jurisdiction where the property is located.

4. Payment and Fees​

  • NFT Payment:

    • The NFT purchase price includes the cost of the associated property.
    • Payments are to be made in the cryptocurrency specified in the NFT listing.

  • Additional Fees:

    • The buyer is responsible for all fees associated with the property transfer, including but not limited to legal fees, registration fees, and taxes.

5. Transfer Process​

  • NFT Transfer:

    • Once the NFT is transferred to the buyer's wallet, a representative will contact the buyer within 7 business days to initiate the property transfer process.

  • Property Transfer:

    • The buyer must sign all necessary legal documents to finalize the transfer of property ownership.
    • Upon completion, the property ownership documents will be released to the buyer.

6. Buyer's Responsibilities​

  • Verification:

    • The buyer is responsible for verifying all property details before purchasing the NFT.

  • Eligibility:

    • The buyer must ensure they meet all legal requirements to own the property, including age, residency, and financial standing.

7. Disclaimer​

  • Non-Refundable:

    • All NFT sales are final and non-refundable.

  • Property Condition:

    • The property is sold "as is." The buyer is encouraged to conduct their own inspections or appraisals before purchase.

  • Risks:

    • The seller is not liable for any disputes arising from the property or its use after the transfer is complete.

8. Contact Information​

If you have any questions or concerns regarding the NFT or property transfer, please contact us at:

  • Address: Sofia, Bulgaria

By purchasing this NFT, you acknowledge that you have read, understood, and agreed to these terms and conditions.