> For the complete documentation index, see [llms.txt](https://docs.suno.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.suno.finance/legal/introduction.md). # Legal overview Who operates Suno, who issues its tokens, and what tokenholders own. Ensuro Re Ltd. issues Suno's tokens for the Suno Reserve segregated account. Suno Investments S.A. directs the protocol and operates the platform. Ensuro is incorporated in Bermuda; Suno Investments is incorporated in Panama. ## What you own Tokens provide contractual economic rights, not equity in Suno or Ensuro, ownership of a solar plant, or voting rights in the project companies. pWatt finances a project's development and construction. After the project enters operation and its pWatts move into the Reserve, investors participate in the portfolio through uWatt. Staking uWatt produces c-uWatt shares through which funded rewards accrue. ## How the legal structure protects holders The segregated account separates the Reserve's attributable assets and liabilities from Ensuro's general account and other segregated accounts. The backing includes contractual rights to project cash flows and interests in financial assets; the physical plants are held outside the issuer's structure. uWatt holder claims are limited to the Reserve assets attributable to that account and rank behind its present and future unsubordinated creditors. Holders of the same class rank equally. The terms specify exceptions concerning fraud, gross negligence, and wilful misconduct. Segregation does not guarantee asset value or repayment, and tokens have no deposit insurance. ## Which documents apply The [Terms and Conditions and uWatt offering](/legal/terms-and-conditions.md) define participation and tokenholder rights. The offering contains uWatt's specific terms and prevails over the general terms where they conflict. [Eligibility and compliance](/legal/eligibility-and-onboarding.md) explains verification and access. The [Privacy Policy](/legal/privacy-policy.md) covers personal data and your rights. These pages summarize the framework; the linked PDFs contain the full governing documents. For formal notices or questions, contact . --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.suno.finance/legal/introduction.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.