Post
Topic
Board Securities
Re: AMHash1: Cost-Effective Mining Contract
by
l3sny
on 27/03/2015, 18:17:03 UTC

4) NO RECOURSE: By executing the swap of AMHash for AMHashLC, the owner relinquishes the right for any direct or indirect claims arising out of holding the AMHash contract against any party involved in the creation, performance or sale of the contract AMHash.

It would seem appropriate to link the "no recourse" clause to the performance of the agreement. In other words, people should have full recourse opyions until this new cobtract makes good on its payout in April. Otherwise, people are surrenderingbtheir rights to take steps to recover their funds for just a paper promise to pay

The clause is [likely] as legally binding as the quasi-contract you've entered into with AMHash.
If I steal ten bucks from you, and tell you that you can have a dollar back, but only if you sign a contract promising not to report me to the cops, that contract is null and void.
Not as clearcut in this case, but you get my drift.

Exactly. Therefore for the avoidance of doubt it is practical to communicate AM, Rock & Havelock that acceptance of the offer does not mean any relinquish or transfer or waver of rights to pursue the claim.