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19. Third party rights  

The Contract does not give rise to any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of the Contract.

20. Governing law

The Contract, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation, shall be governed by and construed in accordance with the law of England and Wales.

21. Jurisdiction

CoinCover and the Customer irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with the Contract or its subject matter or formation.

SERVICE SCHEDULE  

1. Service Activation Requirements

The Customer acknowledges that the Supplier is unable to commence provision of the Services until such time as:

  1. the Customer has furnished CoinCover with the Access Control List and all such evidence of the identity of the Access Control Members as may reasonably be required by CoinCover;
  2. CoinCover has verified the identity of the Access Control Members;
  3. the key pairs created by the Supplier in accordance with this Service Schedule have been validated by the Onramp Bitcoin for use in connection with the workspace named in the Order Form; and
  4. any initial invoice rendered by Onramp Bitcoin under the Contract has been paid in full by the Customer.

2. Services Description

As soon as reasonably practicable following the Service Activation Requirements being met, CoinCover shall:

  1. Provide Onramp Bitcoin with a public key used to encrypt a recovery package. CoinCover shall retain the private key associated with this public key (the “Backup Key”).
  2. Store the Backup Key in encrypted form.
  3. On the Customer's request, provide the Backup Key through a secure method chosen by the Customer to enable them to decrypt the recovery package according to Onramp Bitcoin’s policies (“Recovery”).

3. Recovery Conditions

The Customer acknowledges that CoinCover shall not be required to commence recovery of a copy of the encrypted RSA private key pursuant to paragraph 2(c) of this Service Schedule until any request by the Customer is verified to CoinCover’s reasonable satisfaction by a simple majority of the Access Control Members.

4. Timescales

Once the conditions set out in paragraph 3 of this Service Schedule are satisfied, CoinCover shall use reasonable endeavours to complete recoveries within thirty (30) minutes.