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Terms of Use

Last updated: November 1, 2024

YOUR USE OF THIS WEB SITE CONSTITUTES YOUR AGREEMENT TO BE BOUND BY THESE TERMS AND CONDITIONS OF USE.

Acceptance of Terms of Use

This site (the "Site") is operated by PAXIV, LLC and its affiliates (collectively, "PAXIV" or "we" or "us"). By accessing or using this Site (or any part thereof), you agree to be legally bound by the terms and conditions that follow (the "Terms of Use") as we may modify them from time to time. These Terms of Use apply to your use of this Site, including the PAXIV services offered via the Site. They constitute a legal contract between you and PAXIV, and by accessing or using any part of the Site you represent and warrant that you have the right, power and authority to agree to and be bound by these Terms of Use. If you do not agree to the Terms of Use, or if you do not have the right, power, and authority to agree to and be bound by these Terms of Use, you may not use the Site. Notwithstanding anything to the contrary herein, if you and PAXIV have entered into a separate written agreement that covers your use of a PAXIV service, the terms and conditions of such agreement shall control with respect to such service to the extent they are inconsistent with these Terms of Use.

Purpose of Site

The Site is intended to provide information about commercial real estate and PAXIV. The information and services offered on or through this Site are provided solely for general business information, do not constitute real estate, legal, tax, accounting, investment or other professional advice, or an offer to sell or lease real estate, and may not be used for or relied upon for these purposes. No lawyer-client, advisory, fiduciary or other relationship is created by your accessing or using this Site or communicating by way of email through this Site. You shall not use information and services offered on or through this Site for personal, third party, family or household purposes or to determine an individual's eligibility for credit, insurance, employment, or government license or benefit. You shall also not use the Site in any way that is intended to cause the Information (as defined below) to constitute a "consumer report" under the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq. or in any other manner that is intended to be construed as a consumer report by any governmental authority.

Services

The information, data, text, software, photographs, images, forms, agreements, graphics, organization, layout, design, and other content contained on or provided through this Site (collectively, the "Content") are proprietary to PAXIV and its licensors, and are protected by copyright and other U.S., Canadian and international intellectual property rights, laws and treaties. The Content includes proprietary databases (the "Database") of commercial real estate information, which, by way of example, include tools provided by PAXIV, information, text, forms, agreements, photographic and other images and data contained therein (collectively, the "Information") and the proprietary organization and structures for categorizing, sorting and displaying such Information, and the related software ("Software"). The Site, Content, Database, Information, Software and any portion of the foregoing, including any derivatives, adaptations, successors, updates or modifications provided thereto and any information derived from the use of the Database, including as a result of the verification of any portion of the Information, are collectively referred to herein as the "Product".

Those portions of the Product that may be accessed by the general public and that do not require any use of Passcodes (as defined below) or two factor authentication are referred to as the "Non-Passcode Protected Product". Those portions of the Product that require use of Passcodes and, if applicable, two-factor authentication, including, but not limited to, facial recognition authentication and are available only to individuals or entities ("PAXIV Clients"), or those acting through them, who enter into a License Agreement (as defined below) with PAXIV ("PAXIV Clients") that authorizes access to such PAXIV service are referred to as the "Passcode Protected Product".

Free Trial

From time to time, in PAXIV's sole discretion, PAXIV may offer a free trial period ("Free Trial") to certain individuals ("Free Trial Participant") chosen by PAXIV to participate in the free trial. PAXIV will specifically notify the Free Trial Participants of their eligibility to participate in the Free Trial. Unless terminated sooner by PAXIV, the Free Trial shall last for the length of time specified in the email from PAXIV that distributes Passcodes to the Free Trial Participant or in any other notification to the Free Trial Participant by PAXIV. The terms set forth in that email or notification, combined with these Terms of Use, shall constitute a License Agreement between PAXIV and the Free Trial Participant relating to such individual's access to and use of the associated Passcode Protected Product being offered through the Free Trial. During the Free Trial the Free Trial Participant shall be considered an Authorized User and a PAXIV Client (as defined in these Terms of Use) and may use limited the Passcode Protected Product during the Free Trial subject to and solely in accordance with the terms outlined in such License Agreement relating to the Free Trial (which includes these Terms of Use).

Permitted Uses

Subject to the provisions in these Terms of Use, you may use the Non-Passcode Protected Product (or, if you are an Authorized User, subject to the provisions in your License Agreement and these Terms of Use, you may use the applicable Passcode Protected Product), in the ordinary course of your business for:

  1. Your internal research purposes;
  2. Providing information regarding a limited number of particular properties and market trends internally;
  3. Marketing properties within the SITE;
  4. Supporting your valuation, appraisal or research regarding a specific property; and
  5. Creating periodic general market research reports for in-house use, provided that such reports do not contain building-specific or tenant-specific Information and are not commercially or generally distributed.

Subject to the provisions in your License Agreement and these Terms of Use, you may not print Information or copy Information into word processing, spreadsheet and presentation programs (or other software programs without the express written consent of PAXIV). All Information gathered must be stored and only shared through the PAXIV provided deal room "DEAL ROOM".

Prohibited Uses

You shall not, except (i) as may be expressly set forth above under "Permitted Uses" and (ii) to the extent necessary to integrate commercial property listings within PAXIV's website, (a) distribute, disclose, copy, reproduce, communicate to the public by telecommunication, make available, display, publish, transmit, assign, sublicense, transfer, provide access to, use, rent or sell, directly or indirectly (including in electronic form) any portion of the Product, or (b) modify, reverse engineer, adapt or create derivative works of any portion of the Product.

Notwithstanding anything to the contrary herein, you shall not:

  1. Access any portion of a Passcode Protected Product unless you are an Authorized User for such Passcode Protected Product using the Passcodes assigned to you by PAXIV;
  2. Access or use any portion of the Product if you are a direct or indirect competitor of PAXIV, nor shall you provide, disclose or transmit any portion of the Product to any direct or indirect competitor of PAXIV;
  3. Provide your Passcode or otherwise provide access to a Passcode Protected Product to any individual other than yourself;
  4. Use or distribute any Information from the Product to directly or indirectly create or contribute to the development of any database or product;
  5. Modify, merge, decompile, disassemble, scrape, translate, decode or reverse engineer any portion of the Product;
  6. Use, reproduce, publish or compile any portion of the Product for the purpose of selling or licensing any portion of the Product;
  7. Store, copy or export any portion of the Product into any database or other software, except as expressly set forth in the Permitted Uses above;
  8. Upload, post or otherwise publish any portion of the Product on the Internet, any bulletin board system, any other electronic network, any data library, any listing service or any other data sharing arrangement;
  9. Use any portion of the Product to encourage or engage in illegal activity, stalk or harass another person, or violate these Terms of Use or any applicable law;
  10. Market properties or otherwise communicate with contacts acquired from the Licensed Product without first obtaining the appropriate consents and permissions as required by applicable law.

Fees

You are responsible for the timely payment of any fees incurred by your use of components and services available on the Site or via links to other websites, and all taxes applicable to your use of the Product.

SUBJECT TO THE TERMS OF ANY LICENSE AGREEMENT BETWEEN PAXIV AND YOUR COMPANY, WE RESERVE THE RIGHT, AT ANY TIME AND FROM TIME TO TIME, TO PROSPECTIVELY CHANGE THE NATURE AND AMOUNT OF FEES CHARGED FOR ACCESS TO THE PRODUCT OR ANY OF THE COMPONENTS OR SERVICES AVAILABLE ON THE PRODUCT, AND THE MANNER IN WHICH SUCH FEES ARE ASSESSED.

If you are accessing the Passcode Protected Product, you agree: (1) to provide PAXIV with accurate and complete registration and billing information and to promptly update such information in the event it changes; and (2) to pay any applicable license fees or other fees incurred by your use of the Passcode Protected Product.

With respect to the online registration for subscribing to PAXIV utilizing any monthly subscription plan, you agree to a recurring monthly charge on your credit card for the initial term therein and automatic annual renewals until canceled by you upon 30 days written notice to PAXIV at least 30 days prior to any annual renewal period.

Termination and Interruption of Access

You acknowledge and agree that PAXIV may interrupt, terminate, discontinue, or block your access to the Product or portions thereof at any time, subject to the terms of any License Agreement in place between you or your company and PAXIV. PAXIV reserves the right to terminate or suspend your use of a PAXIV service or to terminate your License Agreement upon a good faith determination of a violation of the terms of any material provision of any other agreement between the parties or their affiliates. In the event such suspension or termination occurs, you shall cease using any portion of the Product, permanently delete or destroy all portions of the Product within your possession, custody or control, and, upon written request from PAXIV, certify, in writing, your compliance with this provision.

No Warranties

ALTHOUGH PAXIV ATTEMPTS TO PROVIDE AN ACCURATE PRODUCT, THE PRODUCT AND ALL PARTS THEREOF ARE PROVIDED "AS IS", "WITH ALL FAULTS" AND "AS AVAILABLE". PAXIV (INCLUDING ITS AFFILIATES), AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND THIRD PARTY SUPPLIERS OR THEIR RESPECTIVE SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE "PAXIV PARTIES") CANNOT AND DO NOT REPRESENT, WARRANT OR COVENANT THAT (I) THE PRODUCT WILL ALWAYS BE ACCURATE, COMPLETE, CURRENT, OR TIMELY; (II) THE OPERATION OF, OR YOUR ACCESS TO, PRODUCT THROUGH THE SITE WILL ALWAYS BE UNINTERRUPTED OR ERROR-FREE; AND/OR (III) DEFECTS OR ERRORS IN THE SITE OR THE PRODUCT, BE THEY HUMAN OR COMPUTER ERRORS, WILL BE CORRECTED.

THE PAXIV PARTIES DISCLAIM ANY AND ALL REPRESENTATIONS, WARRANTIES OR GUARANTEES OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION (1) AS TO TITLE, MERCHANTABILITY, FITNESS FOR ORDINARY PURPOSES AND FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, SYSTEM INTEGRATION, WORKMANLIKE EFFORT, QUIET ENJOYMENT AND NO ENCUMBRANCES OR LIENS, (2) THE QUALITY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE LICENSED PRODUCT, (3) THOSE ARISING THROUGH COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE OF TRADE; (4) THE PRODUCT CONFORMING TO ANY FUNCTION, DEMONSTRATION OR PROMISE BY ANY PAXIV PARTY, AND (5) THAT ACCESS TO OR USE OF THE PRODUCT WILL BE UNINTERRUPTED, ERROR-FREE OR COMPLETELY SECURE.

ANY RELIANCE UPON THE PRODUCT IS AT YOUR OWN RISK.

Limitation of Liability

TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, THE PAXIV PARTIES WILL NOT BE HELD LIABLE FOR ANY LOSS, COST OR DAMAGE SUFFERED OR INCURRED BY YOU OR ANY THIRD PARTY INCLUDING WITHOUT LIMITATION THOSE ARISING OUT OF OR RELATED TO ANY FAULTS, INTERRUPTIONS OR DELAYS IN THE PRODUCT, OUT OF ANY INACCURACIES, ERRORS OR OMISSIONS IN THE INFORMATION CONTAINED IN THE PRODUCT, REGARDLESS OF HOW SUCH FAULTS, INTERRUPTIONS, DELAYS, INACCURACIES, ERRORS OR OMISSIONS ARISE, OR FOR ANY UNAUTHORIZED USE OF THE PRODUCT.

NOTWITHSTANDING ANY PROVISION CONTAINED HEREIN TO THE CONTRARY, AND TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, IN NO EVENT WILL THE MAXIMUM AGGREGATE, CUMULATIVE LIABILITY OF THE PAXIV PARTIES FOR ANY AND ALL REASONS TO ANY PARTY FOR DAMAGES, DIRECT OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH THE PRODUCT, THESE TERMS OF USE, OR A SEPARATE LICENSE AGREEMENT EXCEED THE TOTAL AMOUNT OF LICENSE FEES ACTUALLY PAID TO PAXIV UNDER THE RELEVANT LICENSE AGREEMENT BETWEEN THE RELEVANT PAXIV CLIENT AND PAXIV DURING THE TWELVE MONTH PERIOD IMMEDIATELY PRECEDING THE DATE SUCH CLAIM AROSE, REGARDLESS OF THE CAUSE OR FORM OF ACTION.

TO THE FULLEST EXTENT PERMISSIBLE BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES WILL ANY OF THE PAXIV PARTIES BE HELD LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR ANY OTHER DAMAGES, INCLUDING, WITHOUT LIMITATION, LOST PROFITS, ARISING OUT OF, BASED ON, OR RESULTING FROM, OR IN CONNECTION WITH THE PRODUCT, THESE TERMS OF USE, OR YOUR USE OR INABILITY TO USE ANY OF THE FOREGOING, EVEN IF PAXIV HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Indemnity

You agree to indemnify, defend, and hold harmless the PAXIV Parties from and against any third party action, suit, claim or demand and any associated losses, expenses, damages, costs and other liabilities (including reasonable attorneys' fees), arising out of or relating to your (and your users') Submitted Content, use or misuse of any portion of the Product, or your violation of these Terms of Use or a separate License Agreement. You shall cooperate as fully as reasonably required in the defense of any such claim or demand. PAXIV and any third party involved in creating, producing, or delivering the Product reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, at your expense, and you shall not in any event settle any such matter without the written consent of PAXIV and any such third party.

Privacy

PAXIV is committed to respecting the privacy of your personal information in connection with your use of this Site. We take great care to keep your personal information confidential and secure. However, the Internet is not a totally secure medium of communication. For this reason, we cannot guarantee the privacy of any information you input on this site, send to us, or request be delivered to you on the Internet. PAXIV will not be responsible for any damages you or others may suffer as a result of the loss of confidentiality of any such information.

Use of the Product is subject to PAXIV's Privacy Notice, located at www.PAXIV.com/privacy, which is hereby incorporated into, and made part of, these Terms of Use.

PAXIV Data

Any data or other research on or through PAXIV relies on data submitted by its users or third party providers and you acknowledge that it is only as accurate as the data provided by PAXIV users and third parties and PAXIV does not warrant the accuracy of said data. You will verify the data yourself before relying on any information derived from PAXIV.

Ownership

You acknowledge that PAXIV and its licensors have and shall retain exclusive ownership of all proprietary rights in or to the Product, including all Canadian and international intellectual property and other rights such as patents, trademarks, copyrights and trade secrets. This is a license agreement and not an agreement for sale. You shall have no right or interest in any portion of the Product except the right to use the Product as set forth in these Terms of Use and, if you are a PAXIV Client, your License Agreement.

Jurisdiction

PAXIV is headquartered in the State of Utah of the United States. These Terms of Use and your use of this Product shall be governed by the laws of the State of Utah without regard to its conflicts of laws principles. Unless otherwise agreed to in writing, the federal and state courts located in the State of Utah shall be the exclusive jurisdiction for any action brought against PAXIV in connection with these Terms of Use or use of the Product. You irrevocably consent to the jurisdiction and venue of the federal and state courts located in the State of Utah, and to the jurisdiction of the federal, provincial and/or state courts located in any State or Province where you are located, for any action brought against you in connection with these Terms of Use or use of the Product.

Modifications to Product; Changes to these Terms

Regardless of any other provision herein, PAXIV is continuously updating and changing the Product, and reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Product (or any part thereof) with or without notice. You agree that PAXIV shall not be liable to you or to any third party for any modification, suspension or discontinuance of the Product (or any part thereof). Additionally, we reserve the right, in our complete and sole discretion, to change these Terms of Use at any time by posting revised terms on the Product. It is your responsibility to check periodically for any changes we may make to the Product and these Terms of Use. Your continued use of this Product following the posting of changes to these terms or other policies means you accept the changes.

Contact Us

All notices to PAXIV pertaining to these Terms of Use will be in writing, mailed by registered or certified mail, return receipt requested, or delivered by a well-recognized overnight United States, Canadian or other international carrier, delivered to:

PAXIV, LLC
35 South 100 East
American Fork, Utah 84003
Attention: General Counsel

Thank you for visiting PAXIV.com.

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