Legal & commission
THE TERMS, IN PLAIN LANGUAGE.
VAULT is a neutral marketplace and escrow agent. Sponsors and creators carry full responsibility for their own challenges, content and conduct.
Beta draft
TERMS & LIABILITY
Beta draft — have a licensed attorney review before App Store submission.
Platform role
VAULT operates only as a neutral technology marketplace and escrow agent. VAULT does not create, commission, direct, supervise, endorse or verify any challenge, submission or off-platform activity. Every challenge is an agreement between the sponsor and the participating creators.
Commission
VAULT retains a 10–15% commission on each funded pool. A non-refundable 12% platform fee is collected at the moment a challenge is funded and covers payment processing, escrow handling, moderation and platform operation. Featured top-of-feed placement is not sold during the beta.
Escrow and payouts
Sponsor funds are charged up front and held in escrow until a winner is selected. Payouts are issued to the winner's verified bank account after selection and any required identity or tax checks. Prizes released to a winner are final and cannot be refunded.
5-minute change window
Sponsors have a strict 5 minutes from submitting a funded challenge to edit or cancel it; on cancellation the prize amount returns to the sponsor's wallet, but the 12% platform fee is never refunded. After 5 minutes the challenge can no longer be edited. A sponsor may still cancel before a winner is paid — the challenge is removed, the prize returns to their wallet, and the 12% fee is not refunded. Cancellation is permanent.
Entry limits
A creator may enter the same active challenge up to three (3) times before it expires. A fourth upload is blocked, and the creator is told they have already submitted 3 entries for that challenge and should participate in a different challenge.
Winner selection
On sponsor-pick challenges the sponsor has 48 hours after the challenge expires to select a winner. If they do not, VAULT automatically awards the prize to the entry with the most upvotes, and that award is final.
Apple is not a sponsor
Apple Inc. is not a sponsor of, and is not involved in any way with, any challenge, contest, prize or promotion run on VAULT. All challenges are run solely by the sponsors who fund them.
Sponsor responsibility
Sponsors are solely responsible for the tasks they set, including legality in every jurisdiction where participants may act, safety, licensing, advertising disclosures, prize terms and any tax obligations arising from the prize they fund.
Creator responsibility
Creators are solely responsible for how they produce their submissions, including their own safety, third-party property and privacy, consent of anyone appearing in the media, compliance with all laws, and taxes on any winnings received.
Assumption of risk & release
By using VAULT you accept all risk of participating in or acting on any challenge, and you release VAULT, its owners, officers and staff from any claim for injury, loss, damage, penalty or dispute arising from a challenge, a submission, a payout, or conduct that takes place off the platform.
Prohibited challenges
No challenge may involve illegal acts, trespass, harassment, weapons, drugs, dangerous stunts, hate content, sexual content, exploitation of minors, animal harm, or anything that endangers a person or property. Violating challenges are removed and funds returned, minus processing costs.
Content, moderation & reporting
Users may hide their earnings and posts, block other users, and report content. VAULT may remove content, cancel challenges, withhold payouts or suspend accounts where fraud, vote manipulation, policy violations or legal risk are suspected.
Disputes
Disputes about a challenge outcome are resolved between sponsor and creator. Where escrow release is contested, VAULT may hold funds until the parties resolve the matter or a lawful order directs release.
Acceptance of these terms is required at signup and each time a challenge is funded or entered. Read the full Terms of Service and Privacy Policy.