Terms & Conditions

1. Introduction

AYNI UNIT is a collection of six designs, each issued in a limited, individually numbered edition. These Terms govern your purchase and ownership of a piece from that collection. Please read them before buying.

These Terms & Conditions (the "Terms") form a binding agreement between you ("you", the "Buyer") and Phoebe Partners Limited, a company incorporated in Cyprus with registration number HE 126964, whose registered office is at 23 Agias Paraskevis, Germasogeia, 4044, Limassol, Cyprus (the "Company", "we", "us").

They apply to your use of the website on which the Collection is offered (the "Site"), to any order you place, and to any Unit you own. If you do not accept them, please do not buy.

We may amend these Terms. The version published on the Site when you place an order governs that order. Where an amendment materially affects Units you already own, we will email you at least 30 days before it takes effect.

2. Definitions

3. Who can buy

3.1 Age. You must be at least 18 years old and legally able to enter into a binding contract. Your date of birth is checked at the point of order and we may ask for documentary proof at any time.

3.2 Where you live. We do not sell to residents of countries subject to comprehensive sanctions administered by the United Nations, the European Union, the United Kingdom or the United States, nor to residents of any country where the sale would be unlawful or would require an authorisation we do not hold. Restricted countries are screened at checkout and the list may change without notice.

3.3 Accurate information. The information you give us must be true, current and complete. Giving false information is a material breach of these Terms and may lead to cancellation of your order and to a report to the competent authorities.

3.4 Buying for yourself. You must buy on your own behalf and with your own money. Buying as an undisclosed nominee for someone else requires our written consent.

3.5 Identity checks. Identity verification applies to higher-value purchases. See the KYC & Compliance Policy.

4. What a Unit is

4.1 A collectible. A Unit is a collectible item, in the same sense as a numbered print, a limited-run object or a trading card. It is one piece of a limited Edition, it carries its own Serial Number, and it is recorded in your name in the Register. That piece is the entirety of what you acquire.

4.2 It pays you nothing. A Unit does not pay, distribute, credit or accumulate anything to its owner, at any time, in any circumstances. There is no income, no revenue share, no periodic payment of any kind, and no repayment of the price you paid. Owning a Unit for a longer period produces nothing. Owning more Units produces nothing. Any claim to the contrary, from any source including any reseller or promoter, is unauthorised and false, and we ask you to report it to us.

4.3 What it does not give you. A Unit does not constitute, and must not be understood as:

• any ownership or partnership interest in the Company or in any other business;
• any right to a share of the Company's earnings, any vote, or any say in how the Company is run;
• a bank account or any product covered by a state or industry protection scheme;
• a loan to the Company, or anything carrying a right to be paid the price back;
• a claim over any asset, inventory or property of the Company;
• an insurance product, or a guarantee of any outcome.

4.4 There is no resale facility. The Company does not operate a market, exchange or listing service for Units, does not introduce buyers to sellers, and does not buy Units back at any price or in any circumstances. Once your right to withdraw under the Refund Policy has expired, the amount you paid is spent and there is no mechanism through us by which you can recover it.

4.5 No assurance of value. We make no statement about what a Unit may be worth to anyone, at any time. We give no assurance that a Unit will hold its value or that anyone will ever want to acquire it from you. Nothing on the Site should be read as suggesting that a Unit is a way to store or grow value.

4.6 No advice. Nothing on the Site or in these Terms is financial, legal or tax advice, and nothing is a personal recommendation. Deciding whether to buy is entirely your own decision.

5. Editions and Serial Numbers

5.1 The Edition size is a promise. The Edition size published for a Design at the time of your purchase is the maximum number of Units of that Design we will ever issue. We will not increase it, and we will not issue further Units of that Design once its Edition is complete. This commitment survives any change to these Terms.

5.2 Allocation. Serial Numbers are allocated in the order in which orders are confirmed. You cannot reserve, choose or trade for a particular number, and we do not hold numbers back except as stated in clause 5.4.

5.3 Permanence. A Serial Number stays with its Unit for the life of that Unit. Numbers are never reused, reassigned, withdrawn or renumbered, except that a number freed by a withdrawal under the Refund Policy returns to the unissued pool for its Edition.

5.4 Company-retained pieces. Where we retain any Units of an Edition for archival, promotional or presentation purposes, we will state how many on the Site. Retained Units count towards the Edition size; they do not sit outside it.

5.5 Sold out. When an Edition is complete, the Design is marked as sold out and is no longer available from us. Because we operate no resale facility, a sold-out Design cannot be acquired through the Site at all.

5.6 Verification. On request we will confirm the Edition size of any Design, whether that Edition is complete, and whether a given Serial Number exists and is validly held.

6. Ordering and payment

6.1 Prices. Prices are stated on the Site in United States dollars and are fixed per Design. The price displayed when you place your order applies to that order.

6.2 Your order is an offer. You choose a Design and quantity, give the required information, confirm the acknowledgements at checkout and pay through our payment provider. Submitting an order is an offer to buy, not a concluded contract.

6.3 Acceptance. The contract forms only when we send you an order confirmation by email. We may decline any order at our discretion, including where a screening or verification check is not satisfied, or where the Edition has sold out between your order and our processing of it. If we decline after payment was taken, we refund in full without undue delay.

6.4 Assignment. Your Unit is assigned its Serial Number and entered in the Register when we confirm receipt of cleared funds.

6.5 Payment terms. Accepted methods, currency, the statement descriptor and any charges are set out in the Payment Disclosure, which forms part of these Terms.

6.6 Limits. We may set minimum and maximum order sizes and limit the number of Units one Buyer may acquire from an Edition, so that a single buyer cannot take an entire Edition.

6.7 One-off payment. Buying a Unit is a single payment. There is no subscription, no recurring charge, and no cost of any kind associated with continuing to own it.

7. Your ownership

7.1 Yours to keep. Once your order is confirmed, the Unit is yours. There is no expiry, no renewal, no subscription and no holding charge. We will not repurchase, cancel, recall or reissue your Unit except where required by law or by a competent authority, or where you exercise your right to withdraw under the Refund Policy.

7.2 What you may do. You may keep your Unit for as long as you wish, display it, and show it to others.

7.3 The artwork. The Company retains copyright and all other intellectual property rights in the Designs. Owning a Unit gives you a personal, non-exclusive right to display the artwork of your Unit. It does not let you reproduce the Design commercially, make merchandise from it, or licence it to anyone else.

7.4 How it looks. Designs are shown on the Site as artwork. Minor differences in rendering between devices, screens and browsers are not defects.

7.5 Availability of the Register. We will maintain the Register and keep it available to you for as long as we operate the Collection. If we ever cease to operate it, we will give at least 90 days' notice and provide each owner with a durable record of their Units and Serial Numbers.

8. Before you buy

By buying, you confirm you understand and accept the following:

• No income, ever. A Unit makes no payments. It cannot produce a gain while you hold it.
• No way to cash out. We operate no resale facility and we never buy Units back. Once the withdrawal period ends there is no route through us to recover any part of what you paid.
• Scarcity is not value. A small Edition does not make a Unit valuable. We make no claim that anyone will ever want to acquire your Unit from you.
• Continuity. If we cease to operate, the Register may become unavailable, which would affect your ability to evidence ownership. Clause 7.5 sets out what we would do.
• No protection scheme. No state or industry fund covers this purchase. If we become insolvent, nobody reimburses you.
• Third parties. Payment, verification and hosting providers can fail, causing delay or temporary loss of access.
• Tax. Your tax position is yours to determine.

9. Your obligations

9.1 You must not use the Site or your Account to launder money, finance terrorism, evade sanctions, disguise the origin of funds, or for any other unlawful purpose.

9.2 You must not describe or promote a Unit to any other person as an opportunity to earn money, as producing income, as an arrangement of any financial nature, or as carrying any entitlement beyond ownership of the piece. This applies to your social media and to any private communication.

9.3 You must not attempt to gain unauthorised access to the Site, interfere with its operation, exploit any error or vulnerability, or use automated means beyond what we permit.

9.4 You must not impersonate anyone, use false documents, or misrepresent your identity, residence or source of funds.

9.5 You must keep your registered email address secure and current. We send order confirmations, ownership records and notices to it.

9.6 You are responsible for any tax arising from your purchase.

10. Our liability

10.1 What we never exclude. Nothing here excludes or limits our liability for death or personal injury caused by our negligence, for fraud or fraudulent misrepresentation, or for anything else that cannot lawfully be excluded. If you are a consumer, nothing here affects your mandatory rights under the consumer law of the country where you live.

10.2 Cap. Subject to clause 10.1, our total liability to you, in contract, tort (including negligence), breach of statutory duty or otherwise, is limited to the total amount you paid us for Units in the twelve months before the event giving rise to the claim.

10.3 Excluded loss. Subject to clause 10.1, we are not liable for loss of anticipated gain, loss of opportunity, loss of goodwill, or any indirect or consequential loss.

10.4 Events outside our control. We are not liable for failure or delay caused by anything beyond our reasonable control, including acts of God, war, civil unrest, epidemic, industrial action, failure of utilities or telecommunications, sanctions, or acts of government.

10.5 Third parties. We are not responsible for the acts or omissions of payment, verification or technology providers, except where they act as our agent.

11. Suspension and closure

11.1 We may suspend or close your Account and cancel pending orders where you breach these Terms, refuse or fail identity verification, where the law or a competent authority requires it, where we reasonably suspect fraud or unlawful activity, or where continuing would expose us to material legal risk.

11.2 Closing an Account does not take your Units. The Units you own remain yours, and remain recorded in the Register. Where we close your Account other than for your breach or unlawful activity, we will provide a durable record of your ownership and Serial Numbers.

11.3 You may stop using the Site at any time. That does not by itself entitle you to a refund except as set out in the Refund Policy.

11.4 Clauses 4, 5.1, 5.3, 7.3, 8, 10, 12 and 13 survive termination.

12. Complaints and disputes

12.1 Talk to us first. Write to info@ayni-unit.com. We acknowledge within 5 business days and aim to resolve within 30 days. If we need longer we will say why and give a revised date.

12.2 Online dispute resolution. If you are a consumer resident in the European Union you may also use the European Commission's online dispute resolution platform.

12.3 Governing law. These Terms and any dispute arising from them are governed by the laws of the Republic of Cyprus.

12.4 Jurisdiction. The courts of Limassol, Cyprus have jurisdiction. If you are a consumer you may also bring proceedings in the courts where you live, and nothing in this clause removes the protection of the mandatory law of that country.

13. General

13.1 Entire agreement. These Terms, with the Privacy Policy, KYC & Compliance Policy, Refund Policy and Payment Disclosure, are the whole agreement between us about your purchase.

13.2 Severability. If any provision is invalid or unenforceable, the rest continues in force.

13.3 No waiver. A delay in exercising a right is not a waiver of it.

13.4 Assignment. You may not assign your rights under these Terms without our consent. We may assign on notice to you, provided your rights are not materially prejudiced.

13.5 Language. These Terms are concluded in English. Translations are for convenience; the English version prevails.

13.6 Notices. We give notices by email to your registered address or by publishing them on the Site. You give notices to info@ayni-unit.com.