No, Verified Parking is not liable for any incidents or issues that occur on the physical property. As a digital platform, Verified Parking does not own or manage any parking lots. All users of the platform, including drivers, lot owners, and franchise operators, agree to specific terms and conditions that limit the platform’s liability.
Key legal protections include:
Binding Arbitration Clause: Disputes must be resolved through arbitration, not litigation.
On-Site Risk Disclosure: All parking is at the driver’s own risk.
Enforcement Independence: Booting and towing are handled by third-party vendors arranged by operators or lot owners.
Revenue Limitations: All partner disputes are limited to amounts paid or setup fees.
These protections allow Verified Parking to maintain a lightweight, scalable business model while empowering users to enforce rules and resolve disputes within their jurisdiction.