BitCheck Contract is an add-on product to our unique BitCheck feature. From now on, whenever you create a BitCheck, you can opt for this product that provides documentation of your specific BitCheck transaction, contingent upon the mutual approval between you and your BitCheck receiver. Simply select your purpose of the BitCheck and type in the transactional information, you can create your BitCheck Contract with no sweat!
After you and your BitCheck receiver both review and accept your BitCheck Contract, both of you will receive a downloadable document in a pdf format. This document is generated and approved by you and your BitCheck receiver, so you (either as a BitCheck receiver or BitCheck sender), should read the document carefully before signing it.
When the BitCheck Contract is successfully signed and created, this BitCheck Contract will provide the information regarding your BitCheck transaction based on your purpose. Generally, BitCheck Contracts will include both BitCheck sender’s and receiver’s names and phone numbers, their XREX account numbers, the purpose of the BitCheck transaction, and the BitCheck reference code. Each BitCheck Contract will also contain specific information provided by the BitCheck sender, such as payment information, details of the goods or services procured via this BitCheck, etc.
In summary, BitCheck Contract is an excellent tool for you to document your payment arrangement regarding your BitCheck transaction.
Because BitCheck Contract is a documentation tool, you agree to take full responsibility for the accuracy and completeness of your BitCheck Contract. XREX does not verify or endorse the BitCheck Contract you created or signed, nor does it offer legal advice. Because whether your BitCheck Contract is legally binding on both parties depends on a variety of factors, we highly recommend that you seek legal advice from your counsel before signing any BitCheck Contract.
Every BitCheck Contract contains personal information automatically retrieved from our KYC database. Therefore, if you decide to create the BitCheck Contract for your BitCheck transaction, you and your BitCheck receiver must consent to: (i) the right for XREX to share your information with the other party, AND (ii) the permission for the other BitCheck User to receive your information. BitCheck Contract Users are obligated to keep personal information in confidence unless they explicitly agree otherwise.
You should keep your information up to date when using all of XREX’s services and products, including BitCheck Contract. To streamline your BitCheck experience, you consent to share your personal information with the BitCheck receiver or the BitCheck sender for the current and subsequent BitCheck Contract, unless you inform XREX otherwise.