The Stock Market for RidesTM
Last Modified: September 18, 2019
IMPORTANT NOTE: The SeatsX Platform provides a “stock market for rides” to help commuters connect with each other to share rides and expenses. Unlike any other transportation market in the world, not only may a commuter buy a ride to or from work or sell a ride to or from work, but a commuter may also trade a ride like a stock or a commodity. The SeatsX Platform is for use by commuters who want either to give a ride or get a ride to or from their workplace. Each shared ride is arranged by the driver and the rider as a private transaction between them; SeatsX is not a party to the transaction but simply provides the on-line commuter matching platform and forward market for trading of rides, as described in more detail below.
1.1.2. Continuing effect: In case of doubt: You agree that this Agreement will remain in effect for the entire time that you maintain an account to use the Platform, and in the case of some provisions, even afterwards.
1.2.1. What does the SeatsX Platform do? The SeatsX Platform provides an online “forward market” that allows users to pre-book commuting trips in advance via bus seats, van pools, and carpools, depending on what features are offered in what cities. You can do so either (i) as a rider or, (ii) if you want to take on riders as a driver, in your own bus, van pool, or carpool.
1.2.2. How is SeatsX different? Just as commodities such as gold, wheat, oil, and the like are traded on forward markets, so too the SeatsX Platform allows seats in vehicles to be traded as a commodity.
Here’s generally how the Platform works:
(a) If you’re a commuting driver, you can use the Platform to specify the rides you’re willing to give, for example, five days a week during a given month. You also specify the amount of reimbursement that you would like to get from each rider to help with the cost of gas, insurance, etc. You don’t know in advance whether you’ll get any riders for that trip (because you might be asking more than other drivers are for that particular trip). Neither do you know in advance who your rider(s) would be, and you don’t get any say about that.
IMPORTANT: If you’re a commuting driver, when you use the Platform to book trips, you make a binding contractual commitment to provide those commute trips for the amount of reimbursement that you specify. In addition, your credit card will be charged for an amount that we estimate it would take to provide an alternative ride if for any reason you don’t show up. (If you have a conflict or a change of plans, you’re free to try to trade the trip to another driver as described below; depending on the then-current market price for that trip, you might make a little money on the trade, or you might have to pay a little money to get another driver to make the trip for you.)
(b) If you’re a rider, you can search the Platform for commute trips and then put in bids to pre-book trip(s) at specified times and reimbursement costs (assuming drivers have offered such trips).
IMPORTANT: If you do book a trip, you’re obligated to pay for the trip regardless whether you actually take that particular trip — so if you decide to drive yourself, or you stay home sick that day, you still must pay for the trip. And because drivers commit to providing the trips that they schedule, riders can “trade” rides that they’ve pre-booked. So if you pre-buy a driver’s commitment to take you on a particular commuting trip, but then later you change your plans, you can use the SeatsX app to try to resell the driver’s commitment to see if you can recoup some or all of what you paid for it.
(c) SeatsX makes money on a commission basis (presently $0.25 per ride.)
(d) More details are spelled out in the General Terms
1.3.1. SeatsX companies: For purposes of this Agreement, the term “SeatsX” refers to one of two companies, depending on where you are using the Platform.
(a) If you are using the Platform within the United States and its territories, then the term “SeatsX” refers to SimpsX Technologies LLC, a Delaware limited liability corporation, which has offices at 12335 Kingsride #418, Houston, Texas, 77024.
(b) If you are using the Platform elsewhere, then the term “SeatsX” refers to SimpsX Technologies Cayman Limited, with offices at Walkers, PO Box 908 GT, Walker House, George Town, Grand Cayman, Cayman Islands, British West Indies.
1.3.2. “We” and “us”: Sometimes this Agreement uses the terms “we” and “us” and “our”; those terms refer to SeatsX as defined above.
1.4.1. Effect of your certifications: When you sign up to use the Platform as a driver, a rider, or both, one of the legal effects of doing so is that you will be certifying the things below; for this purpose, the term “certify” means that you declare that those things are true with the intent that we (and others) rely on your truthfulness in doing business with you.
1.4.2. Purpose of certification: Your certifications help reassure other users of the Platform that you’re an upstanding, law-abiding member of the community — just as their certifications help reassure you about them. If you cannot make these certifications honestly and fairly, you may not use the SeatsX Platform.
1.4.3. Age: You certify that you are at least 18 years old — or, if you must be even older than that to enter into a binding contract in your jurisdiction, then you certify that you are at least that old.
1.4.4. Accurate information: You certify that all registration information you have provided to us is complete and accurate in all material respects. (As just one example, any photo of yourself that you upload to the Platform must actually be of you; the photo must be reasonably recent and without significant alteration such as disguises.) If we ever have grounds to suspect otherwise, we may at our discretion suspend your access to the Platform until the issue is cleared up.
1.4.5. Corporate standing: If you are entering into this Agreement on behalf of a corporation, partnership, or other organization having its own legal existence, you certify, on its behalf, that the organization (1) has been duly formed, (2) is in good standing in all jurisdictions where it is required to be so, and (3) has all necessary legal authority and power to enter into this Agreement.
2.1.1. Introduction:These Commuter Rules apply whenever you are using the Platform either as a driver or as a rider (or seeking to do either).
2.1.2. Agreement compliance: You must not seek rides or riders, nor actually accept or give rides, unless you are in compliance with all of the requirements of this Agreement that apply to you as a driver or rider. CAUTION: If you don’t provide a ride that you previously committed to providing, you could lose some money unless you have “traded” the trip to another SeatsX user.
2.1.3. Legal compliance: While driving or riding, you must comply with all applicable laws; this applies not just to drivers (who must obey, for example, traffic laws) but to riders too (who must obey, for example, open-container laws).
2.2 The General Rules
2.2.1. Changes to the Platform: We reserve the right to modify the Platform at any time, in our sole discretion.
2.2.2. Current personal information: You must keep up to date the payment information and other personal information that we ask for in the signup process for the Platform. You agree that we may suspend your access to the Platform if your information becomes out of date.
2.2.3. “Lending” of user account: You must not let someone else access or use the Platform under your user name.
2.2.4. Resale: You must not resell access to the Platform to anyone else except to the extent, if any, permitted by the applicable service plan.
2.2.5. Reverse engineering, etc.: You must not disassemble, decompile, or otherwise reverse-engineer any aspect of the Platform nor of the mobile app or other software used in providing the Platform.
2.2.6. Software limitations: You may not work around any mechanism that may be built into the SeatsX software and/or its installation routine(s) to enforce limitations such as (for example) time, geography, etc.
2.2.7. Copying, etc.:
(a) You must not make or distribute copies of, or create derivative works based on, any content provided via the Platform, other than your own content or as expressly authorized in writing by SeatsX or other owner of the content.
(b) You must not otherwise infringe anyone else’s copyright, trademark, trade secret, or other intellectual property right in connection with your use of the Platform.
2.2.8. Interference: You must not interfere with others' use of the Platform.
2.2.9. Hacking: You must not access anyone else's information stored on the Platform without proper authorization.
(a) This prohibition encompasses seeking to trace any information about, or owned by, any other user of the Platform.
(b) This prohibition applies, but is not limited to, personal identifying information and financial information of other users of the Platform.
2.2.10. Proper identification:
(a) You must not use someone else's user name and password to access the Platform.
(b) You must not otherwise impersonate anyone else in connection with the Platform.
(c) You must use your full, correct, legal name as shown in your valid government-issued identification (for example, your driver’s license or passport) in signing up for or accessing the Platform. (This does not rule out your use of login names or handles.)
2.2.11. Security measures: You must not probe or attempt to breach the security measures of the Platform or any network associated with it.
2.2.12. Doxing: You must not publish or otherwise disseminate information or images (personal or otherwise) about any other user of the Platform without that other user’s specific authorization.
2.2.13. Network burden: You must not take any action that unreasonably burdens the Platform, any network associated with it, or any other network associated with SeatsX. This could include, for example (but not as a limitation), bandwidth usage that SeatsX judges to be excessive.
2.2.14. Spoofing: You must not engage in spoofing, for example, disguising the origin of any transmission you send to SeatsX via the Platform or any network associated with it.
2.2.15. Access methods: You must not use a bot, screen scraper, Web crawler, or any other method to access the Platform or any content stored at the Platform, other than the user interface provided by SeatsX.
2.2.16. Export controls: You must not export or re-export goods or technical data in violation of law.
2.2.17. Harmful content: You must not use the Platform to transmit or store any of the following:
(a) viruses, Trojan horses, bots, crawlers, keystroke recorders, or other malware of any kind;
(b) information or other content owned by someone else without their permission;
(c) information used or intended to be used (i) in any unlawful manner, (ii) in connection with any unlawful purpose, or (iii) in any manner that in SeatsX’s judgment could expose SeatsX or any other user of the Platform to a risk of liability;
(d) content that is unlawful, obscene, or offensive according to the standards in the geographic community where you are using the Platform;
(e) content that violates any other acceptable-usage policy that SeatsX might publish from time to time (we will give you notice if we do so).
2.2.18. Unreasonable- or unlawful use: Without limiting your other obligations under this Agreement, you must not use the Platform:
(a) in a manner that qualifies as a nuisance;
(b) in any other unreasonable manner;
(c) in any manner that violates the law — for example, and without limitation, as part of anyone’s illegal activity; or
(d) as part of transporting hazardous materials.
2.2.19. Identification: There might be situations in which we ask you to provide some sort of proof of identity; if we do ask, you must comply with the request.
2.2.20.Filters & blocking: You must not bypass filters or blocks, for example if you are blocked by another Service user or by SeatsX.
2.2.21. Multiple accounts: You must not establish multiple user accounts to engage in one or more unreasonable actions — and without limiting this restriction, if your account is temporarily- or permanently suspended, you must not create another account.
2.2.22. No attempts, etc.: Wherever this Agreement prohibits (or restricts) you from doing something, you also must not:
(a) attempt to do it; nor
(b) induce, solicit, allow, or knowingly help anyone else to do so, whether for your benefit or otherwise.
2.2.23. Reimbursement frequency: We will pay you your earned reimbursements no less often than monthly.
2.2.24. Reimbursement limits: We reserve the right to impose minimum- and maximum limits on driver reimbursements, both per-ride and during any given time period. We will let you know if we do so in advance of your signing up to provide a trip.
2.2.25. Minimum payment threshold: We reserve the right to hold your reimbursement payments until your earned reimbursements are equal to or greater than a threshold amount that we establish from time to time.
2.2.26. Taxes: It’s your responsibility to comply with all applicable tax laws, including reporting and paying any tax you might owe for your reimbursements you receive through the SeatsX Platform. Because SeatsX provides on-line commuter matching Platform that includes a forward market for trading of rides, Drivers will not be receiving a W-2 or a Form 1099-MISC from SeatsX so Drivers will need to account for receipts appropriately under applicable tax laws.
2.3.1. Suspension: We may temporarily or permanently suspend your access to the Platform if we have reason to believe you might not be in compliance with your obligations under this Agreement. We may in our sole discretion give you an opportunity to discuss any such suspension of access; our final decision, however, will be in our sole discretion and not appealable.
2.3.2. Breach of contract: If you violate your obligations under this Agreement, you might also be liable for breach of contract.
2.3.3. WE RESERVE THE RIGHT to report potentially criminal conduct to law enforcement authorities and to turn over to authorities any and all potentially relevant information in our possession, including without limitation any personal information about you; YOU IRREVOCABLY CONSENT to our doing so.
3.1.1. Chargebacks: If a rider causes a chargeback for a ride — even if the chargeback is fraudulent — we reserve the right to dock the driver’s reimbursement for the amount of the chargeback (less a proportional docking of our commission as well).
3.1.2. Driver-rider disputes: We have no obligation to “referee” or otherwise get involved in any dispute between a driver and a rider.
4.1.1. NO WARRANTIES. SeatsX — for itself, its suppliers, and the SeatsX Protected Group, defined below — DISCLAIMS all warranties, representations, conditions, and terms of quality, whether express or implied, for: (i) the Platform itself; (ii) the software, mobile or
4.1.3. LIMITATION OF LIABILITY: To the extent permitted by law, the total liability of SeatsX Protected Group for any claim is limited to $100 USD. You agree that NO ONE IN THE SEATSX PROTECTED GROUP (defined below) WILL EVER OWE YOU MORE THAN $100 FOR ANY CLAIM OF HARM TO YOUR PERSON OR PROPERTY— of any kind, and under any kind of legal theory — that might arise out of or relate to (i) this Agreement, and/or (ii) your use of the Platform as a driver and/or as a rider.
Disclaimer of Consequential, Punitive or Special Damages: You WAIVE any and all claims for consequential, incidental, punitive, exemplary, or special damages. For added clarity, “consequential” damages refers to monetary loss from “uncommon harm,” i.e., harm that might have been foreseeable but that would not normally be expected to occur in the usual course of things; all such damages are WAIVED even if any member of the SeatsX Protected Group had reason to know, or actually knew, of the possibility of the uncommon harm.
4.1.4. California release law: You WAIVE any applicable benefit of Section 1542 of the California Civil Code, which states: "A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party."
4.2.1. Definition: The term “SeatsX Protected Group” refers to:
(a) SeatsX itself;
(b) its parent company or companies, subsidiaries, and affiliates, if any (to be interpreted in the broadest possible manner); and
(c) the officers, directors, employees, managers, members, partners, limited partners, agents and owners of each of the individuals and organizations listed in subdivisions (a) and (b).
4.2.2. Expanded application: The warranty disclaimer and limitations of liability of this section 4 are intended to be enforced to the maximum extent permitted by law:
(a) regardless whether the relevant claim or claims for monetary relief are based on rights under this Agreement; the law; or any other theory or argument;
(b) regardless whether any member of the SeatsX Protected Group knew or should have known about a particular risk;
(c) independently of one another, even if any particular remedy is held to have failed of its essential purpose.
4.2.3. Consumer law: Depending on the applicable law, some of the provisions of this section 4 might not apply to you.
5.1.1. SeatsX revision of this Agreement: We may revise any part or parts of this Agreement from time to time (but on a going-forward basis only).
(a) We will attempt to notify you of any revision to this Agreement by email and/or on the mobile app at least five business days before the effective date of the revision; we will specify that date in the notification. (If we need to revise this Agreement for legal reasons or to accommodate new functions or features of the Platform or its software, the revisions will take effect as soon as we make the notification.)
(b) If you do not wish to agree to the revision, you must cease using the Platform; if you do cease using the Platform, then the revision to this Agreement will not go into effect as to you.
(c) Otherwise, except as provided below, if you do use the Platform on or after the effective date of the revision, then that will constitute your agreement to the revision, and the revised Agreement will take effect retroactively as of the effective date of the revision specified in the notification.
5.1.2. Exception: If, before the effective date of a SeatsX revision to this Agreement, you have notified us of a claim against SeatsX by you, then:
(a) You may advise us by email, no later than that effective date, that you wish for the claim to be controlled by the pre-revision version of this Agreement, in which case it will be so.
(b) Your email under subdivision (a) must be from the email address that we have on file for you as a user of the Platform.
(c) If you do not so advise us, then the revised version of this Agreement will govern your claim.
5.1.3. May you modify this Agreement? No, unless an authorized representative SeatsX agrees in writing.
5.2.1. Who owns the copyrights, trademarks, and other intellectual property associated with the Platform? Not you. (This might seem flippant, but it’s succinct, which helps keep the length of this document down.) Among other things, this means that you must not use any content or trademarks on the Platform without permission from its owner.
5.3.1. Arbitration requirement: Any “Covered Dispute” (defined in section 5.3.6) is to be resolved by binding arbitration in accordance with the Consumer Arbitration Rules (“Rules”) of the American Arbitration Association (“AAA”) in effect as of the date the demand for arbitration is submitted to the AAA. The Rules are available at the AAA Web site, www.adr.org; the current version of the Rules (as of August 2, 2019) can be found at https://www.adr.org/sites/default/files/Consumer Rules.pdf. NOTE: Rule R-9 of the AAA Consumer Arbitration Rules provides a procedure for a party to opt out of arbitration for small claims.
5.3.2. Streamlining: The arbitration tribunal is authorized and directed to take all reasonable steps to expedite and streamline the arbitration proceedings while giving each party a fair opportunity to present evidence, including but not limited to granting judgment on the pleadings and/or partial- or complete summary judgment when warranted by the facts and the law.
5.3.3. Class- or collection-action arbitration is not allowed.
5.3.4. Limitation on arbitrator authority: The arbitral tribunal will have no power:
to award punitive damages, exemplary damages, multiple (e.g., treble) damages, consequential damages, or similar relief; nor
(b) to order punitive sanctions against a party, in respect of an issue (or multiple issues), in the form of (i) preclusion of evidence or defense concerning the issue; or (ii) entry of judgment concerning the issue.
5.3.5. Delegation: Any determination of arbitrability — including without limitation any determination whether this arbitration agreement is enforceable and whether class- or collective-action arbitration is allowed for a particular dispute — is delegated to the arbitration tribunal.
5.3.6. Preliminary relief: We (or any of our affiliates owning intellectual property used in the Platform) may apply to any court for an injunction or other relief to protect intellectual property rights without waiving the right to compel arbitration.
5.3.7. Definition: The term “Covered Dispute” refers to any action or other dispute, in any forum, arising out of or relating to this Agreement or any transaction, or relationship, or occurrence resulting from it. ; In case of doubt, the term encompasses, without limitation, any and all claims that either you or we might bring, such as (again, without limitation) any claim of fraudulent inducement to enter into the Agreement generally and/or into this arbitration agreement specifically.
5.4.1. Assignment of this Agreement: You may not assign this Agreement, nor any right under it, without our prior written consent, which we may grant or withhold in our sole discretion. We may assign this Agreement in our sole discretion.
5.4.2. Changes to the Platform: We reserve the right to change the Platform (we hope to be continually improving it) and even to discontinue the Platform entirely (although we certainly hope that won’t happen), at any time and from time to time.
5.4.3. Contact authorization: You authorize us and our affiliates to contact you via text message or email at the then-current contact information that we have on file for you. We might offer you the ability to opt out of our contacting you; if you do opt out, however, that might preclude you from using the Platform.
5.4.4. Enforceability: If one or more terms in this Agreement is held to be unenforceable, that won’t affect the enforceability of the remaining terms.
5.4.5. Entire agreement: This Agreement is the entire, final, and exclusive agreement between you and us concerning your use of the Platform and our responsibility for it; any prior discussions between us, whether oral or written, are superseded by this Agreement. (From time to time we might (in our sole discretion) create special offers for things such as (for example) reward programs; referral programs; and the like. Such programs, if any, will be subject to this Agreement and to any supplemental terms that we announce in connection with the relevant offer.)
NOTE: The trading features available on the Platform are governed by a separate agreement at General Terms & Conditions.
5.4.6. Forum selection: Any Covered Dispute (defined in § 5.3.7) that is not required to be arbitrated — notably but not exclusively, actions to confirm or vacate an arbitration award — must be brought and maintained exclusively in the courts having jurisdiction in Houston, Harris County, Texas; each party submits to the jurisdiction of those courts for this purpose. If applicable law would not allow jurisdiction there, then the courts having jurisdiction in the largest city in the state of your residence will have exclusive jurisdiction.
5.4.7. Governing law: This Agreement is to be governed and enforced, and any Covered Dispute (defined in section 5.3.7) is to be decided, in accordance with the internal laws of the State of Texas that would apply to contracts made and performed entirely in Texas by residents of that state. NOTE: See the General Terms & Conditions for the law governing that agreement.
5.4.8. Parties’ relationship: Because the Platform is a “forward market,” drivers will not be receiving a W-2 or a Form 1099-MISC from SeatsX; you acknowledge that you are not entitled to any benefits from SeatsX or any related company, apart from any reimbursements due to you under this Agreement.
5.4.9. Language: By express agreement of the parties, this Agreement is written in and shall be interpreted for all purposes in accordance with the English language as used in the United States of America. (French translation: Les parties conviennent expresssément que le présent Accord ainsi que toutes ses annexes seront rédigés en langue Anglaise et interprétés par référence à la terminologie utilisée aux Etats-Unis.)
5.4.11. Reliance disclaimer: You acknowledge that you are not relying — and you agree not to rely — on any representation, warranty, recommendation, advice, statement, or other communication, written or oral, by us, OTHER THAN those expressly stated in this Agreement.
5.4.12. Third-party beneficiaries: Neither you nor we intend to confer benefits on any third parties.
5.4.13. Third-party content: From time to time we might display third-party content as part of the Platform (for example, traffic- or weather information). WE ARE NOT RESPONSIBLE for any inaccuracies or other issues with such third-party content. We reserve the right to remove such content in our sole discretion, but we do not commit to screening or policing such content.
5.4.14. Waivers: If you don’t comply with this Agreement on a particular occasion and we “let it go,” we will still have the right to take action for any future compliance failure.