> For the complete documentation index, see [llms.txt](https://theowlcollective.gitbook.io/home/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://theowlcollective.gitbook.io/home/legal/disclaimers.md).

# Disclaimers

* The NFTs or assets that are part of, or linked to, The Owl Collective **DO NOT** have inherent value beyond the enjoyment of the purchaser.
* HOOT Tokens:
  * **DO** **NOT** have any intrinsic value and is NOT an investment. 
  * **DO** **NOT** give the holder ownership of anything in The Owl Collective, regardless the amount of HOOT Tokens held.
  * **WILL BE** clawed back from any HOOT Token Liquidity Pools (LPs) or exchanges discovered by The Owl Collective.