This analysis describes what Uniswap's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
Excluding these categories of damages means users cannot recover losses that go beyond direct damages, which are typically the most significant losses in disputes involving financial products.
Interpretive note: The excerpt names three distinct actors—Uniswap, Uniswap Parties, and third-party services—all subject to the same exclusion. The canonical claim consolidates these; the third-party services actor is noted in omitted_material.
The updated terms establish explicit prohibitions on circumventing access restrictions for tokens, including geographic and transfer restrictions imposed by token issuers. Users are now required to represent that they have reviewed issuer information about tokenized assets (stocks, ETFs, commodities) and comply with any restrictions on trading or holding these assets in their jurisdiction. The terms state that certain assets may not be available in all locations, and users must confirm they are eligible to trade these tokens under their local laws. If you trade tokenized assets, review the issuer restrictions and confirm your jurisdiction permits the trades you intend to execute.
View change record →The updated terms establish that Uniswap does not warrant the availability or legality of any digital asset in your jurisdiction, and does not represent that you are permitted to acquire, hold, or transact in any asset accessible through the platform. The revised language places full responsibility on you to determine whether any digital asset is lawfully available to you and to comply with any applicable transfer or holding restrictions. This means Uniswap is disclaiming liability for your compliance with local laws, KYC requirements, whitelisting requirements, or jurisdictional restrictions that may apply to specific assets.
View change record →Users cannot recover indirect, punitive, incidental, special, consequential, or exemplary damages from Uniswap, Uniswap Parties, or third-party services.
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OPENAI'S AFFILIATES, SUPPLIERS, LICENSORS, AND DISTRIBUTORS ARE INTENDED THIRD PARTY BENEFICIARIES OF THIS SECTION.
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"UNDER NO CIRCUMSTANCES SHALL WE, ANY UNISWAP PARTIES, OR ANY THIRD-PARTY SERVICES BE LIABLE TO YOU FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES...Excerpt from Uniswap's Terms of Service
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Companies change their terms without announcing it. We capture governance documents, compare each new version with the last, and publish what changed, with the source text behind it. One email a week on what we found and what we could not reach.
Excluding these categories of damages means users cannot recover losses that go beyond direct damages, which are typically the most significant losses in disputes involving financial products.
Users cannot recover indirect, punitive, incidental, special, consequential, or exemplary damages from Uniswap, Uniswap Parties, or third-party services.
ConductAtlas has identified this type of provision across 281 platforms. See the full comparison.
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