Terms and Conditions
These Terms and Conditions ("Terms") govern access to and use of the Lornex Trade platform, website, and related services (collectively, the "Service"). This is a general draft template provided for informational purposes and should be reviewed by qualified legal counsel before use.
1. Acceptance of Terms
By accessing or using the Service, you confirm that you have read, understood, and agree to be bound by these Terms, along with our Privacy Policy. If you do not agree to these Terms, you must not access or use the Service. If you are entering into these Terms on behalf of a company or other legal entity, you represent that you have the authority to bind that entity.
2. Description of the Service
Lornex Trade provides an AI-driven platform intended to support capital efficiency and related decision-making processes for small and medium-sized enterprises. The specific features, functionality, and availability of the Service may change over time, and Lornex Trade reserves the right to modify, suspend, or discontinue any aspect of the Service at its discretion, with or without prior notice.
3. Eligibility and Account Registration
To access certain features of the Service, you may be required to register for an account and provide accurate, current, and complete information. You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account. You agree to notify Lornex Trade promptly of any unauthorized use of your account.
4. Acceptable Use
You agree to use the Service only for lawful purposes and in accordance with these Terms. You shall not: (a) use the Service in any manner that could damage, disable, overburden, or impair it; (b) attempt to gain unauthorized access to any part of the Service, other accounts, or connected systems; (c) reverse engineer, decompile, or otherwise attempt to extract the source code of any software underlying the Service, except as permitted by law; or (d) use the Service to transmit any unlawful, infringing, or harmful content.
5. Subscription, Fees, and Payment
Certain features of the Service may require payment of subscription fees, as described in an applicable order form, quotation, or pricing page. Unless stated otherwise, fees are billed in advance on a recurring basis and are non-refundable except as required by applicable law. Lornex Trade reserves the right to change its pricing upon reasonable prior notice.
6. Intellectual Property
The Service, including all software, text, graphics, logos, and other materials, is owned by or licensed to Lornex Trade and is protected by applicable intellectual property laws. These Terms do not grant you any ownership rights in the Service. Subject to your compliance with these Terms, Lornex Trade grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Service for your internal business purposes.
7. Customer Data
Any data, information, or materials you submit to or through the Service ("Customer Data") remains your property. You grant Lornex Trade a limited license to process Customer Data solely to provide and improve the Service, in accordance with the applicable data processing terms and our Privacy Policy. You are responsible for ensuring you have the necessary rights to submit Customer Data to the Service.
8. Third-Party Services
The Service may integrate with or link to third-party tools, platforms, or services that are not owned or controlled by Lornex Trade. Lornex Trade does not endorse and is not responsible for the content, accuracy, or practices of any third-party services, and your use of such services is subject to their own terms and policies.
9. Disclaimers
The Service is provided on an "as is" and "as available" basis, without warranties of any kind, whether express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement. Lornex Trade does not warrant that the Service will be uninterrupted, error-free, or that any outputs, insights, or recommendations generated by the Service will be accurate, complete, or suitable for any particular decision. Any reliance you place on outputs of the Service is at your own risk.
10. Limitation of Liability
To the fullest extent permitted by applicable law, Lornex Trade shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenue, data, or goodwill, arising out of or related to your use of, or inability to use, the Service, even if advised of the possibility of such damages. Lornex Trade's aggregate liability arising out of or relating to these Terms shall not exceed the amount paid by you to Lornex Trade for the Service during the twelve (12) months preceding the event giving rise to the claim.
11. Indemnification
You agree to indemnify and hold harmless Lornex Trade, its affiliates, and their respective officers, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or related to your use of the Service, your violation of these Terms, or your violation of any rights of a third party.
12. Term and Termination
These Terms remain in effect for as long as you use the Service. Lornex Trade may suspend or terminate your access to the Service at any time, with or without cause, including for breach of these Terms. Upon termination, your right to use the Service will immediately cease, and any provisions of these Terms that by their nature should survive termination will continue to apply.
13. Changes to the Service and Terms
Lornex Trade may update these Terms from time to time. Where changes are material, Lornex Trade will endeavor to provide reasonable notice, such as by posting the updated Terms on this page with a revised effective date. Your continued use of the Service after any such changes constitutes your acceptance of the updated Terms.
14. Governing Law and Jurisdiction
These Terms shall be governed by the laws applicable in the jurisdiction in which Lornex Trade operates, without regard to conflict of law principles. Any disputes arising under or in connection with these Terms shall be subject to the exclusive jurisdiction of the competent courts, unless otherwise required by applicable mandatory law. [This section should be reviewed and finalized based on the specific jurisdiction applicable to Lornex Trade.]
15. Miscellaneous
If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect. These Terms, together with the Privacy Policy and any applicable order forms, constitute the entire agreement between you and Lornex Trade regarding the Service. Lornex Trade may assign these Terms in connection with a merger, acquisition, or sale of assets; you may not assign these Terms without Lornex Trade's prior written consent.
16. Contact
Questions regarding these Terms may be directed through the contact channels provided on our Contact page.
This document is a general template and does not constitute legal advice. Please have it reviewed by qualified counsel to ensure it is complete and appropriate for your specific business and jurisdiction before publishing.
At a Glance
These Terms cover account use, acceptable conduct, fees, intellectual property, data handling, liability limits, and termination for the Lornex Trade Service. This summary is not a substitute for reading the full Terms above.