Legal
Terms of service
1. About these terms
These terms govern your use of the Cask Base platform and the cask ownership records it maintains. By creating an account you agree to them. This is placeholder wording pending review by your solicitor.
2. Eligibility and KYC
You must be at least 18 and able to enter a binding contract. You may not hold or reserve a cask until KYC is approved. We may decline or withdraw KYC approval at our discretion.
3. Ownership and title
Whole cask ownership confers title to the identified cask, held under a delivery order at the named bonded warehouse. Fractional ownership confers a percentage beneficial interest in an identified cask, not a share in Cask Base.
4. Storage, insurance and duty
Casks are stored in HMRC-bonded warehouses under duty suspension and insured at current market value. Storage and insurance charges are quoted per cask, per year, and are payable annually in advance.
5. Records
The cask record is append-only. Corrections are added as new entries. We aim to record events promptly but rely in part on information supplied by warehouse and inspection partners.
6. No investment advice
Nothing on the platform is advice or a recommendation. Cask whisky is unregulated, illiquid and may fall in value. You are responsible for your own decisions and tax position.
7. Limitation of liability
We are not liable for indirect or consequential loss, or for loss of profit or anticipated value. Nothing in these terms excludes liability that cannot lawfully be excluded.
This wording is a placeholder drafted for structure only. Have it reviewed by a qualified solicitor before you publish.