Terms of Service
Last updated: January 1, 2025
Acceptance of Terms
By accessing or using the services provided by PT Morfolabs Teknologi Indonesia ("Morfolabs", "we", "us", or "our"), you agree to be bound by these Terms of Service and all applicable laws and regulations of the Republic of Indonesia. If you do not agree with any of these terms, you are prohibited from using or accessing our services. These terms apply to all clients, partners, and visitors.
Description of Services
Morfolabs provides blockchain consulting, smart contract development, exchange listing coordination, market making, and marketing services for digital asset projects. Our services are delivered under individual service agreements that specify scope, deliverables, timelines, and fees. The scope of any engagement is governed by the applicable statement of work or service agreement, not solely by these Terms of Service.
Payment & Fees
Fees for services are defined in individual service agreements and are payable in accordance with the payment schedule set out therein. Invoices are payable within fourteen (14) days of issuance unless otherwise agreed in writing. Late payments may incur interest at the rate of 2% per month. Morfolabs reserves the right to suspend services for accounts with outstanding overdue balances.
Intellectual Property
Unless otherwise specified in a written service agreement, all intellectual property created by Morfolabs in the course of delivering services — including but not limited to code, strategies, reports, and documentation — remains the property of Morfolabs until full payment is received. Upon receipt of full payment, applicable deliverables are transferred to the client as specified in the service agreement. Morfolabs retains the right to use anonymized project data and methodologies for internal research and improvement.
Limitation of Liability
To the maximum extent permitted by applicable Indonesian law, Morfolabs shall not be liable for any indirect, incidental, consequential, or punitive damages arising from the use of our services, including but not limited to losses in token value, trading losses, or missed market opportunities. Our total liability in connection with any service engagement shall not exceed the total fees paid by the client in the three months preceding the claim.
Governing Law
These Terms of Service are governed by and construed in accordance with the laws of the Republic of Indonesia. Any disputes arising under or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of Jakarta, Indonesia. Morfolabs is registered with the Kementerian Komunikasi dan Informatika (Kominfo) and Asosiasi Blockchain Indonesia.
Contact
For questions regarding these Terms of Service, please contact us at [email protected] or in writing at Jl. Jend. Sudirman Kav 52-53, RT.7/RW.3 District 8, SCBD, Jakarta Selatan 12190, Indonesia.