Vondran Legal® Crypto Counsel - Coinbase and Binance Disputes (Arbitration)

Coinbase NFT Arbitration Agreement

From their website:

1. Applicability of Arbitration Agreement

Subject to the terms of this Arbitration Agreement, you and Coinbase Technologies, Inc. (“Coinbase”, “we,” “us”, or “our”) agree that any dispute, claim, or disagreement arising out of or relating in any way to your access to or use of Coinbase NFT (the “Service” or “Services”) or of the Coinbase or Coinbase NFT sites, any Communications you receive, any products sold or distributed through the Coinbase or Coinbase NFT sites, the Services, or the Coinbase NFT Terms of Service (the “NFT ToS”) and prior versions of the NFT ToS, including claims and disputes that arose between us before the effective date of the NFT ToS (each, a “Dispute”) will be resolved by binding arbitration, rather than in court, except that: (1) you and Coinbase may assert claims or seek relief in small claims court if such claims qualify and remain in small claims court; and (2) you or Coinbase may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyrights, and patents). For purposes of this Arbitration Agreement, “Dispute” will also include disputes that arose or involve facts occurring before the existence of this or any prior versions of the NFT ToS as well as claims that may arise after the termination of the NFT ToS.

The NFT ToS evidences a transaction involving interstate commerce; and notwithstanding any other provision herein with respect to the applicable substantive law, the Federal Arbitration Act, 9 U.S.C. § 1 et seq., will govern the interpretation and enforcement of this Arbitration Agreement and any arbitration proceedings. The arbitration will be administered by the American Arbitration Association (“AAA”), in accordance with the Consumer Arbitration Rules (the "AAA Rules") then in effect, except as modified by this Arbitration Agreement. The AAA Rules are currently available at https://www.adr.org/sites/default/files/Consumer%20Rules.pdf.

Watch Attorney Steve® explain Crypto Arbitration Agreement for Coinbase

6. Authority of Arbitrator

The arbitrator shall have exclusive authority to resolve any Dispute, including, without limitation, disputes arising out of or related to the interpretation or application of the Arbitration Agreement, including the enforceability, revocability, scope, or validity of the Arbitration Agreement or any portion of the Arbitration Agreement, except for the following: (1) all Disputes arising out of or relating to the Section entitled “Waiver of Class and Other Non-Individualized Relief,” including any claim that all or part of the Section entitled “Waiver of Class and Other Non-Individualized Relief” is unenforceable, illegal, void or voidable, or that such Section entitled “Waiver of Class and Other Non-Individualized Relief” has been breached, shall be decided by a court of competent jurisdiction and not by an arbitrator; (2) except as expressly contemplated in the subsection entitled “Batch Arbitration,” all Disputes about the payment of arbitration fees shall be decided only by a court of competent jurisdiction and not by an arbitrator; (3) all Disputes about whether either party has satisfied any condition precedent to arbitration shall be decided only by a court of competent jurisdiction and not by an arbitrator; and (4) all Disputes about which version of the Arbitration Agreement applies shall be decided only by a court of competent jurisdiction and not by an arbitrator. The arbitration proceeding will not be consolidated with any other matters or joined with any other cases or parties, except as expressly provided in the subsection entitled “Batch Arbitration.” The arbitrator shall have the authority to grant motions dispositive of all or part of any Dispute. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The award of the arbitrator is final and binding upon you and us. Judgment on the arbitration award may be entered in any court having jurisdiction. In any award of damages, the arbitrator shall abide by the “Limitation of Liability” section of the NFT ToS.

Contact a California Crypto Law Firm

We can help with cases dealing with crypto, blockchain, DAO and NFT disputes.  Typically, these are hourly assignments.  Call us at (877) 276-5084.  Or, email us through our contact form.  We handle clients in Arizona and California.  Typically, a Coinbase arbitration dispute will be held in the county where you reside.  You can learn more about their arbitration process on this blog.