> For the complete documentation index, see [llms.txt](https://limelight-1.gitbook.io/limelight-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://limelight-1.gitbook.io/limelight-docs/legal/terms-of-service.md).

# Terms of Service

{% hint style="info" %}
**Template.** This is a skeleton to be completed and reviewed by qualified counsel before launch. It is not a final, binding agreement.
{% endhint %}

## 1. Acceptance

By accessing or using Limelight (the "Platform"), you agree to these Terms of Service. If you do not agree, do not use the Platform.

## 2. Eligibility

You must be of legal age in your jurisdiction and not located in, or a resident of, any jurisdiction where use of the Platform is prohibited. You are responsible for compliance with all laws applicable to you.

## 3. Accounts & Authentication

Accounts are created via Privy (social login or connected wallet). You are responsible for maintaining the security of your authentication method and any connected wallet.

## 4. Acceptable Use

You agree not to: manipulate markets or resolutions; engage in wash trading or Sybil/referral abuse; create markets with ambiguous, fraudulent, or prohibited resolution criteria; or use the Platform for unlawful purposes.

## 5. Markets, Fees & Settlement

Trades incur a 1% protocol fee plus any creator fee (0–2%), shown before confirmation. Markets resolve per their stated rules and the [Market Lifecycle & Disputes](/limelight-docs/knowledge-base/market-lifecycle-and-disputes.md) process. Outcomes are final once a market is Closed.

## 6. No Token; Rewards

LP (Limelight Points) are non-transferable reward-accounting units with no monetary value outside the Platform's reward distributions. The Platform has no token.

## 7. Disclaimers & Limitation of Liability

The Platform is provided "as is," without warranties of any kind. To the maximum extent permitted by law, Limelight and its contributors are not liable for any indirect, incidental, or consequential damages, or for losses arising from your use of the Platform. See [Disclaimers](/limelight-docs/legal/disclaimers.md) and [Risks](/limelight-docs/legal/risks.md).

## 8. Changes

These Terms may be updated. Continued use after changes constitutes acceptance of the revised Terms.


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