Terms of Use for FinBox Solutions
Version 03022025
Effective Date: February 3, 2025
1. INTRODUCTION
These Terms and Conditions ("Agreement") govern the sale and licensing of the FinBox Solutions White Label Source Code ("Software") by ALGORITMO REGENTE - LDA ("Company"), a company registered under PT517245183, with a principal place of business at Avenida Duque de Loulé, 12, Lisbon, 1050-093, Portugal.
By requesting an invoice for payment from an official FinBox Solutions email address (alex@finbox.solutions, alex@getfinbox.com, margarida@finbox.solutions, margarida@getfinbox.com, d.prostov@finbox.solutions), the customer ("Customer") agrees to be bound by this Agreement.
2. DEFINITIONS
2.1. Software: Refers to the "FinBox Solutions White Label Source Code" sold under this Agreement.
2.2. Customer: The entity or individual purchasing the Software.
2.3. License: The rights granted to the Customer to use, modify, and deploy the Software.
2.4. Fees: The amount payable by the Customer for the Software.
2.5. Delivery: The electronic transfer of the Software's source code to the Customer upon full payment.
3. LICENSE GRANT
3.1. The Company grants the Customer a non-exclusive, non-transferable, perpetual license to use, modify, and deploy the Software for commercial purposes.
3.2. The Customer may not resell, redistribute, or sublicense the Software or any modified version of it without prior written approval from the Company.
3.3. The Software is provided as-is, without any warranties, except as expressly provided in this Agreement.
4. FEES AND PAYMENT TERMS
4.1. The total price for the Software is €500,000 (Five Hundred Thousand Euros).
4.2. The Customer shall make full payment upon receipt of the invoice issued by the Company.
4.3. Payment shall be made via bank transfer or other mutually agreed methods.
4.4. The Software shall be delivered electronically upon confirmation of full payment.
4.5. Payments are non-refundable unless expressly stated otherwise in this Agreement.
5. INTELLECTUAL PROPERTY RIGHTS
5.1. The Software and all associated intellectual property rights remain the property of the Company.
5.2. The Customer is granted a license only for the purpose of using the Software as outlined in Section 3.
5.3. The Customer shall not remove any copyright notices or alter the Software’s proprietary markings.
6. WARRANTY AND DISCLAIMER
6.1. The Company warrants that it has the legal right to grant the license under this Agreement.
6.2. The Software is provided as-is, with no guarantee that it will be free from defects or operate uninterrupted.
6.3. The Company disclaims all implied warranties, including merchantability, fitness for a particular purpose, and non-infringement.
6.4. The Company shall not be liable for any indirect, special, incidental, or consequential damages resulting from the use of the Software.
7. SUPPORT AND MAINTENANCE
7.1. The purchase of the Software does not include ongoing support, maintenance, or updates.
7.2. Any support services must be negotiated under a separate agreement.
8. LIMITATION OF LIABILITY
8.1. The Company’s total liability under this Agreement shall not exceed the amount paid by the Customer for the Software.
8.2. The Company shall not be liable for any loss of profits, data, or business opportunities arising from the use of the Software.
9. CONFIDENTIALITY
9.1. The Customer agrees to keep any proprietary information provided by the Company confidential and shall not disclose it to third parties without prior consent.
10. TERMINATION
10.1. The Company may terminate this Agreement if the Customer breaches any term herein.
10.2. Upon termination, the Customer shall cease all use of the Software and delete all copies in its possession.
11. GOVERNING LAW AND DISPUTE RESOLUTION
11.1. This Agreement shall be governed by the laws of Portugal.
11.2. Any disputes arising under this Agreement shall be resolved by arbitration in Lisbon, Portugal, in accordance with the rules of the Portuguese Arbitration Association.
12. GENERAL PROVISIONS
12.1. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements.
12.2. Any modifications to this Agreement must be made in writing and signed by both parties.
12.3. If any provision of this Agreement is found to be invalid, the remaining provisions shall remain in effect.
13. ACCEPTANCE
By requesting an invoice from any of the authorized FinBox Solutions email addresses, the Customer acknowledges and agrees to these Terms and Conditions.