Terms of Use for Modak's Daily Quiz

Effective July 22, 2024

1. Introduction
These terms and conditions govern your participation in our exciting campaign designed to empower kids and promote financial literacy. By accessing and using our services, including participating in Modak's Daily Quiz, you agree to abide by these terms and conditions. Please read them carefully. If you do not agree with any part of these terms, we kindly ask that you refrain from using our services.
By participating, you agree to be fully unconditionally bound by these Rules, and you represent and warrant that you meet the eligibility requirements set forth herein. In addition, you agree to accept the decisions of Modak, as final and binding as it relates to the content. The Promotion is subject to all applicable federal, state and local laws.

2. Eligibility
Age Requirement:
Participants must be all registered users of the Modak platform who are parents or legal guardians of children aged up to 17. 'Registered users' are understood as Modak users who have opened a bank account within the program.Users must have an active Modak account to participate in the Daily Quiz. 'Active Modak account' is understood as users with accounts opened within the Modak program, that present no restrictions in the crediting of money and are not suspected of fraud.
Geolocalization: The Promotion is only open to legal residents of United States and is void where prohibited by law. Employees of Modak (the “Sponsor”) their respective affiliates, subsidiaries, advertising and promotion agencies, suppliers and their immediate family members and/or those living in the same household of each are not eligible to participate in the Promotion. The Promotion is subject to all applicable federal, state and local laws and regulations. Void where prohibited.

3. How to participate
3.1 The Daily Quiz consists of three categories of questions, designed to match the user's financial skills level as determined by an initial Diagnostic Quiz
.3.2. Each quiz will contain questions related to essential security concepts including but not limited to common frauds, scams, risks, data privacy, payment methods, and user authentication methods.
3.3. The questions will follow a multiple-choice pattern.

4 Limits/exceptions and participation Strikes
4.1. Users can participate in one Daily Quiz per day.
4.2. Upon completing the Daily Quiz, users will earn a Streak. Streaks represent the number of consecutive days a user has successfully completed the Daily Quiz.
4.3. Missing a day will reset the Streak count to zero. Missing a day is understood as the user not performing a daily quiz within the time range from 00:00 am until 23:59 pm in the user's timezone. Users who have been allowed to receive notifications from the app, will receive reminder notifications in key moments of the experience.

5. Active  Period:
The Modak's Daily Quiz will be active and open for participation Starting MM/DD/YYYY 

6. Rights Granted by you: 
By entering this content you understand that Modak, anyone acting on behalf of Modak, or its respective licensees, successors and assigns will have the right, where permitted by law, without any further notice, review or consent to print, publish, broadcast, distribute, and use, worldwide in any media now known or hereafter in perpetuity and throughout the World, your entry, including, without limitation, the entry and winner's name, portrait, picture, voice, likeness, image or statements about the Promotion, and biographical information as news, publicity or information and for trade, advertising, public relations and promotional purposes without any further compensation.

7. Liability and Disputes
By entering you agree to release and hold harmless Modak and its subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers and directors from any liability, illness, injury, death, loss, litigation, claim or damage that may occur, directly or indirectly, whether caused by negligence or not, from (i) such entrant's participation in the Promotion and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof, (ii) technical failures of any kind, including but not limited to the malfunctioning of any computer, cable, network, hardware or software; (iii) the unavailability or inaccessibility of any transmissions or telephone or Internet service; (iv) unauthorized human intervention in any part of the entry process or the Promotion; (v) electronic or human error which may occur in the administration of the Promotion or the processing of entries.

Limitation of Liability: Modak shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in any way connected with your participation in  Modak's Daily Quiz, including but not limited to, prizes, rewards, or any use of or inability to use our services.
Dispute Resolution: We strive to ensure that participating in Modak's Daily Quiz] is a positive experience for all involved. In the unlikely event that a dispute arises, we encourage open communication and cooperation to resolve.THIS PROMOTION IS GOVERNED BY THE LAWS OF THE USA AND DELAWARE, WITHOUT RESPECT TO CONFLICT OF LAW DOCTRINES. As a condition of participating in this Promotion, participant agrees that any and all disputes which cannot be resolved between the parties, and causes of action arising out of or connected with this Promotion, shall be resolved individually, without resort to any form of class action, exclusively before a court located in Delaware having jurisdiction. Further, in any such dispute, under no circumstances will participant be permitted to obtain awards for, and hereby waives all rights to claim punitive, incidental, or consequential damages, including reasonable attorneys' fees, other than participant's actual out-of-pocket expenses (i.e. costs associated with entering this Promotion), and participant further waives all rights to have damages multiplied or increased.
Informal Resolution: We believe in resolving disputes amicably and encourage you to first reach out to us directly to discuss any concerns or issues you may have. Our team is here to listen and work with you to find a satisfactory solution.
Arbitration: If a resolution cannot be reached informally, any disputes, claims, or controversies arising from or related to Modak's Daily Quiz] shall be resolved through binding arbitration. The arbitration will be administered by a mutually agreed-upon arbitration provider. We believe arbitration offers a fair and efficient way to resolve disputes outside of the courtroom.
Fair Process: The arbitration will be conducted in accordance with the rules and procedures of the chosen arbitration provider. We assure you that the process will be fair and transparent, and the decision of the arbitrator will be final and binding on all parties involved.
Costs: Each party shall bear its own costs associated with the arbitration proceedings. We understand that legal proceedings can be daunting, and we strive to minimize any financial burden on all parties involved.
Disclosure: The information provided is for educational purposes only and not a definitive guide. While we strive for accuracy, we accept no liability for any inaccuracies or omissions. Modak aims to promote financial literacy and security awareness, but we do not guarantee the accuracy or completeness of the information - especially if it is applied for other banking or fintech apps and services. Readers are encouraged to verify information independently and make their decisions. Modak does not endorse specific third party products or services mentioned. By accessing this content, you agree that Modak and its affiliates are not liable for any damages resulting from reliance on this information. We reserve the right to update or modify this content without notice.

Governing Law: These terms and conditions shall be governed by and construed in accordance with the laws of Delaware, US, without regard to its conflict of law principles.
Jurisdiction: Any legal action or proceeding arising out of or relating to these terms and conditions or Modak's Daily Quiz shall be brought exclusively in the courts of Delaware, US, and you hereby consent to the jurisdiction of such courts.

8. Privacy and Security
At Modak, we take the privacy and security of your information seriously. We are committed to protecting your data and ensuring that it is handled responsibly and securely.
Collection of Information: We collect certain personal information from you when you participate in Modak's Daily Quiz to facilitate your participation and administer the campaign effectively. This may include information such as your name, email address, and transaction details. Rest assured, we only collect information that is necessary for the campaign and in accordance with our Privacy Policy.
Use of Information: The information collected from you may be used to communicate with you regarding the campaign, and notify you of any updates or changes. We may also aggregate and analyze data for statistical purposes to improve our services and offerings.
Security Measures: We have implemented robust security measures to safeguard your personal information from unauthorized access, disclosure, alteration, or destruction. These measures include encryption, firewalls, secure data storage, and regular security audits. We continually review and update our security practices to ensure they meet the highest standards.
Third-Party Partners: In some cases, we may engage third-party service providers to assist us in administering the campaign or providing certain services. These service providers are bound by strict confidentiality agreements and are only authorized to use your information as necessary to perform their services on our behalf.
Data Retention: We will retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy and Security section, unless a longer retention period is required or permitted by law.
By participating in Modak's Daily Quiz, you acknowledge and agree to the terms of this Privacy and Security section and our Privacy Policy.

9. General Terms and Conditions:
By accessing and using our services, including participating in Modak's Daily Quiz, you agree to abide by these general terms and conditions. Please read them carefully. If you do not agree with any part of these terms, we kindly ask that you refrain from using our services.
Participant Conduct: Participants are expected to conduct themselves in a respectful and responsible manner while participating in Modak's Daily Quiz. Any behavior that violates these terms and conditions or engages in fraudulent activity will result in disqualification from the campaign. Modak has the right, in its sole discretion, to maintain the integrity of the Promotion, to void entries for any reason, including, but not limited to; multiple entries from the same user from different IP addresses; multiple entries from the same computer in excess of that allowed by Promotion rules; or the use of bots, macros or scripts or other technical means for entering.
Technical Issues: Modak is not responsible for any technical issues that may affect participation in Modak's Daily Quiz, including but not limited to, internet outages, server downtime, or software malfunctions. We will make every effort to address and resolve technical issues promptly.
Compliance with Laws: Participation in Modak's Daily Quiz is subject to all applicable laws and regulations. Participants are responsible for ensuring compliance with any local, state, or federal laws that may apply.
Amendment or Cancellation: Modak reserves the right to amend or cancel Modak's Daily Quiz at its discretion, without prior notice. In the event of cancellation, Modak will make reasonable efforts to notify participants and provide any necessary refunds or compensation.
Ineligibility: Any attempt by an entrant to deliberately damage any web site or undermine the legitimate operation of the Promotion may be a violation of criminal and civil laws and should such an attempt be made, Modak reserves the right to seek damages from any such person to the fullest extent permitted by law.


Consent to Terms: By participating in Modak's Daily Quiz, participants agree to abide by these general terms and conditions. Modak reserves the right to take appropriate action, including disqualification, against any participant who violates these terms.
Communications: By entering the Promotion you agree to receive email newsletters periodically from Modak. You can opt-out of receiving this communication at any time by clicking the unsubscribe link in the newsletter.
Review of Terms: Participants are encouraged to review Modak's privacy policy and terms of service, which govern the use of our services in addition to these general terms and conditions.
These general terms and conditions are intended to ensure a fair and enjoyable experience for all participants in Modak's Daily Quiz. Thank you for your cooperation and participation!

10. Contact Information
For any inquiries or assistance regarding Modak's Daily Quiz or our services, please feel free to reach out to us through the following channels:
Email: You can contact us via email at hi@modakmakers.com.
In-App 24/7 Live Chat: We offer a convenient in-app live chat feature available 24/7 to assist you with any questions or concerns you may have. Simply access the live chat feature within the Modak app to connect with a member of our support team in real-time.
Support Webpage: Visit our support webpage at Modak Support for comprehensive information, FAQs, and resources to help address common issues and inquiries. You can also submit a support ticket through the webpage for personalized assistance from our support team.
We are committed to providing prompt and helpful assistance to ensure your experience with Modak's Daily Quiz and our services is positive and enjoyable.

11. Sponsor
The Sponsor of the Promotion is Modak Communities Operating Holdings Inc. 3000 SAND HILL RD, BUILDING 4 SUITE 230, MENLO PARK, CALIFORNIA 94025. 

his promotion is in no way sponsored, endorsed or administered by, or associated with Facebook, Twitter, Instagram, Snapchat, Youtube, Pinterest, LinkedIn or Google. You understand that you are providing your information to the owner of this Promotion and not to Facebook, Twitter, Instagram, Snapchat, Youtube, Pinterest, LinkedIn or Google.