Terms of Use
PLEASE READ THIS LEGAL DISCLAIMER AND TERMS OF SERVICE CAREFULLY BEFORE ACCESSING OUR WEBSITE OR USING OUR SERVICES
Terms of Use
PLEASE READ THIS LEGAL DISCLAIMER AND TERMS OF SERVICE CAREFULLY BEFORE ACCESSING OUR WEBSITE OR USING OUR SERVICES
1. Business and Services Overview
1.1 Introduction
Venture Builder AI AS (“we”, “our”, “us”) provides a Software as a Service (SaaS) platform designed to optimize business development processes using advanced Artificial Intelligence (AI). Our services are tailored for enterprises, accelerators, incubators, educational institutions, and private companies, offering expert-driven, industry-specific guidance to enhance business strategies and operational efficiency.
1.2 Target Audience
Our platform serves two main categories of customers:
1. Organizations that administer other organizations: This includes entities like accelerators, incubators, corporate venture arms, and educational institutions that offer structured support to multiple businesses.
2. End users: These are the direct beneficiaries of the services provided by the aforementioned organizations, typically startups or other entities looking to scale their operations effectively.
1.3 Services Provided
Venture Builder AI offers a suite of AI-powered tools designed to:
- Provide Personalized AI Analysis: Simulating expert roles through custom personas to deliver tailored, industry-specific advice.
- Ensure Scalability Across Sectors: Adapting to various industries and company sizes, making our platform versatile and widely applicable.
- Offer Tailored Feedback and Business Understanding: Creating feedback loops to refine strategies and uncover new business opportunities.
- Facilitate Document Interpretation: Standardizing and extracting key insights from diverse business documents to aid effective analysis and communication.
While our platform is designed to provide valuable insights, it is important to note that the use of the platform and its outputs are at the user’s own risk
2. Jurisdiction and Governing Law
2.1 Applicable Law
These Terms and Conditions are governed by and shall be construed in accordance with the laws of Norway. This includes compliance with relevant European Union regulations, such as the General Data Protection Regulation (GDPR).
2.2 Jurisdiction
Any disputes arising out of or in connection with these Terms and Conditions, including any issues regarding the existence, validity, or termination thereof, shall be subject to the exclusive jurisdiction of the courts of Norway.
3. User Responsibilities
3.1 General Responsibilities
During the Subscription Term, we will provide your Users access to use the Subscription Service as described in this Agreement and the applicable Order. We may provide your Users access to use our Free Services at any time by activating them in your account. We might provide some or all elements of the Subscription Service through third party service providers.
You must ensure that all access, use and receipt by your Users is subject to and in compliance with this Agreement. You may provide access and use of the Subscription Service to your Affiliate’s Users or allow them to receive the Consulting Services purchased under an Order; provided that, all such access, use and receipt by your Affiliate’s Users is subject to and in compliance with the Agreement and you will at all times remain liable for your Affiliates’
compliance with the Agreement.
Users are responsible for:
- Using the platform in a lawful manner and in compliance with these Terms and Conditions.
- Ensuring that any content or data provided to the platform is accurate, legal, and does not infringe on any third-party rights.
- Validating and confirming the accuracy and appropriateness of any content, insights, or outputs generated by the platform before applying them to their business decisions or actions.
- Using the platform and products the way the they are intended without using bad or inappropriate language.
3.2 Assumption of Risk
By using our services, users acknowledge that they are using the platform at their own risk. Venture Builder AI AS disclaims any responsibility for the outcomes of decisions made based on the platform’s outputs.
4. Age and Eligibility
4.1 Age Requirements
There are no specific age restrictions for using our platform. However, by using the platform, users confirm that they have the legal capacity to enter into a binding contract under the laws of Norway.
4.2 Eligibility Criteria
No specific eligibility criteria apply, but users must ensure that they are authorized to use the platform on behalf of their organization or as an individual.
5. Fees and Billing
5.1 Subscription Fees
The Subscription Fee will remain fixed during the Current Term of your subscription unless (i) you exceed your Maximum Contacts or other applicable limits, (ii) you upgrade products or base packages, (iii) you subscribe to additional features or products, or (iv) otherwise agreed to in your Order. We may also choose to decrease your fees upon written notice to you. You can find all the information about how your fees may be otherwise adjusted in our website.
We reserve the right to modify our pricing and billing conditions. Any changes will be
communicated in accordance with the separate contract, and users will be notified in advance of any modifications.
5.2 Fee Adjustments at Renewal
Upon renewal, we may increase your Subscription Fees up to our then-current list price set out in our website. If this increase applies to you, we will notify you at least thirty (30) days in advance of your renewal and the increased fees will apply at the start of the next Renewal Term. If you do not agree to this increase, either party can choose to terminate your subscription at the end of your Current Term by giving a written notice at least fourteen (14) days in advance of your renewal
5.3 Payment of Fees
If you are paying by credit card, you authorize us to charge your Authorized Payment Method for all fees payable during the Subscription Term. You further authorize us to use a third party to process payments, and consent to the disclosure of your payment information to such third party.
In the event of a failed attempt to charge your Authorized Payment Method (for example, if your Authorized Payment Method has expired or is no longer valid), we reserve the right, and you authorize us, to retry billing your Authorized Payment Method. If you update your Authorized Payment Method to remedy a change in validity or expiration date, we will automatically resume billing; we may also receive updates on your Authorized Payment Method through our payment service providers and automatically resume billing. We may suspend your access in accordance
with the ‘Suspension’ section or terminate your account in accordance with the ‘Termination for Cause’ section if we remain unable to successfully charge a valid Authorized Payment Method
5.4 Payment Against Invoice
All amounts invoiced are due and payable within fourteen (14) days from the date of the invoice, unless otherwise specified in the Order Form. If you are paying by invoice, we will invoice you no more than forty-five (45) days before the fees are payable during the Subscription Term, for example, in advance of the beginning of the next Renewal Term and each subsequent Billing Period.
5.5 Payment Information
You will keep your business information up to date, including your company name, address, and primary contact. You will also keep your Authorized Payment Method and billing information up to date for the payment of incurred and recurring fees, including your tax information.
Changes may be made on your Billing Page within your account. You authorize Venture Builder AI to continue to charge your Authorized Payment Method for applicable fees during your Subscription Term and until any and all outstanding Fees have been paid in full. All payment obligations are non-cancelable and all amounts paid are non-refundable, except as specifically provided for in this Agreement. All fees are due and payable in advance throughout the Subscription Term.
5.6 Additional Features
You may subscribe to additional features of the Subscription Service by placing an additional Order or activating the additional features from within your account (if this option is made available by us.). This Agreement will apply to all additional Order(s) and all additional features that you activate from within your account.
5.7 Downgrades
Depending on your product, you may be entitled to downgrade your subscription. For further information on the downgrade terms that apply to your subscription please visit our website.
5.8 Modifications
We modify the Subscription Service from time to time, including by adding or deleting features and functions, in an effort to improve your experience. For further information on our modification rights that apply to your subscription, please visit our website
6.Intellectual Property
6.1 Ownership
All intellectual property rights in and to the platform, including but not limited to software, algorithms, designs, data, content, and trademarks, are owned by Venture Builder AI AS or its licensors. These rights are protected under national and international intellectual property laws.
All data that is shared by users to VBAI will be solely owned and will be a property of Venture Builder AI AS.
6.2 License to Use
Users are granted a limited, non-exclusive, non-transferable, and revocable license to access and use the platform for its intended purposes. This license does not permit users to:
- Copy, distribute, or modify any part of the platform.
- Create derivative works based on the platform.
- Reverse engineer or attempt to extract the source code of the platform
6.3 User Content
By submitting content to the platform, users grant Venture Builder AI AS a worldwide, royaltyfree, perpetual, and irrevocable license to use, reproduce, modify, and distribute such content for the purpose of providing and improving the services.
6.4 Machine learning and AI
We may use Customer Data for machine learning to support and develop features and functionality within the Subscription Service and similar products and services. You instruct us to use Customer Data for such purposes.
7. Liability and Disclaimers
7.1 Disclaimer of Warranties
Venture Builder AI AS provides the platform and services on an “as is” and “as available” basis, without any warranties of any kind, whether express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
7.2 Limitation of Liability
To the fullest extent permitted by law, Venture Builder AI AS shall not be liable for any direct, indirect, incidental, consequential, or special damages, including but not limited to loss of profits, data, or goodwill, arising out of or in connection with the use of the platform, even if we have been advised of the possibility of such damages.
7.3 User Responsibility
Users are solely responsible for the validation and application of any content, insights, or outputs generated by the platform. We disclaim any liability for the accuracy, reliability, or completeness of such outputs
8. Data Protection and Privacy (GDPR Compliance)
8.1 Commitment to Data Protection
Venture Builder AI AS is committed to protecting the personal data of its users in accordance with the General Data Protection Regulation (GDPR). We collect, store, and process personal data only as necessary to provide and improve our services.
8.2 Data Collection
We collect personal data that users provide during registration, as well as data generated through the use of the platform. This may include names, email addresses, business information, and usage data.
8.3 Data Usage
Personal data is used for the following purposes:
- To deliver and improve our services.
- To communicate with users regarding their accounts and service updates.
- To comply with legal obligations and prevent fraud
8.4 Data Sharing
We may share personal data with third parties who assist us in delivering our services, such as cloud service providers and analytics partners. We ensure that these third parties comply with GDPR standards
8.5 Users Rights
Users have the following rights under GDPR:
- Right of Access: Users can request access to their personal data and obtain a copy.
- Right to Rectification: Users can request corrections to inaccurate or incomplete data.
- Right to Erasure: Users can request the deletion of their personal data under certain conditions.
- Right to Restriction of Processing: Users can request to limit the processing of their data in certain circumstances.
- Right to Data Portability: Users can request to receive their data in a structured, commonly used, and machine-readable format.
8.6 Data Retention
We retain personal data only as long as necessary to fulfill the purposes for which it was collected, or as required by law.
8.7 Data Storage and Security
We use a variety of security technologies and procedures to help protect your Personal Data from unauthorized access, use or disclosure. We secure the Personal Data you provide on computer servers in a controlled, secure environment, protected from unauthorized access, use or disclosure. All Personal Data is protected using appropriate physical, technical and organizational measures.
8.7.1 Retention of Personal Data
How long we keep information we collect about you depends on the type of information and how we collect and store it. After a reasonable period of time, we will either delete or anonymize your information or, if this is not possible, then we will securely store your information and isolate it from any further use until deletion is possible.
We retain Personal Data that you provide to us where we have an ongoing legitimate business need to do so (for example, as needed to comply with our legal obligations, resolve disputes and enforce our agreements).
When we have no ongoing legitimate business need to process your Personal Data, we securely delete the information or anonymize it or, if this is not possible, securely store your Personal Data and isolate it from any further processing until deletion is possible. We will delete this information at an earlier date if you so request, as described in the “Privacy Rights and Choices” section.
If you have elected to receive marketing communications from us, we retain information about your marketing preferences for a reasonable period of time from the date you last expressed interest in our content, products, or services, such as when you last opened an email from us or ceased using your account. We retain information derived from cookies and other tracking technologies for a reasonable period of time from the date such information was created.
9. Termination
9.1 Right to Terminate
Venture Builder AI AS reserves the right to suspend or terminate user accounts and access to the platform at any time, with or without notice, if we believe the user has violated these Terms and Conditions or engaged in behavior that could harm the platform, its users, or its reputation.
9.2 User Termination
Users may terminate their use of the platform at any time by ceasing to use the services and, if applicable, deleting their accounts.
9.3 Consequences of Termination
Upon termination, all rights granted to the user under these Terms and Conditions will cease immediately. Users must discontinue all use of the platform and delete any local copies of materials obtained through the platform. Any outstanding obligations under these Terms and Conditions will survive the termination
10. Amendments to Terms
10.1 Right to Amend
We reserve the right to modify these Terms and Conditions at any time. Any changes will be effective immediately upon posting on our website, unless otherwise stated.
10.2 Notification of Changes
Significant changes to these Terms and Conditions will be communicated to users via the email address registered with their account. Users are responsible for keeping their contact information up to date.
10.3 Acceptance of Changes
Continued use of the platform following any modifications to the Terms and Conditions
constitutes acceptance of the revised terms. If you do not agree to the new terms, you must stop using the platform.
11. User Acceptance
11.1 Initial Acceptance
By logging into the platform for the first time, users must read and accept these Terms and Conditions. If you do not agree with these terms, you should not use our platform.
11.2 Ongoing Acceptance
Users acknowledge that they have read, understood, and agree to be bound by these Terms and Conditions every time they access or use the platform.
12. Indemnification
You will indemnify, defend and hold us and our Affiliates harmless, at your expense, against any third-party claim, suit, action, or proceeding (each, an “Action”) brought against us (and our officers, directors, employees, agents, service providers, licensors, and Affiliates) by a third party not affiliated with us or our Affiliates to the extent that such Action is based upon or arises out of
(a) unauthorized or illegal use of the Subscription Service by you or your Affiliates,
(b) your or your Affiliates’ noncompliance with or breach of this Agreement,
(c) your or your Affiliates’ use of Third-Party Products, or
(d) the unauthorized use of the Subscription Service by any other person using your User information.
We will: notify you in writing within thirty (30) days of our becoming aware of any such claim; give you sole control of the defense or settlement of such a claim; and provide you (at your expense) with any and all information and assistance reasonably requested by you to handle the defense or settlement of the claim. You will not accept any settlement that (i) imposes an obligation on us; (ii) requires us to make an admission; or (iii) imposes liability not covered by these indemnifications or places restrictions on us without our prior written consent.
13. Third-Party Services
13.1 Use of Third-Party Services
Our platform may integrate with or rely on third-party services to provide certain features or functionalities. These third-party services are subject to their own terms and conditions, and we encourage users to review them.
13.2 Limitation of Liability for Third-Party Failures
While we strive to select reliable third-party partners, we are not responsible for the
performance, accuracy, or availability of third-party services. In the event that a third-party service fails or is discontinued, Venture Builder AI AS will not be held liable for any resulting disruption, loss of data, or other damages
14. Disclaimers and Performance Warranty.
We warrant that: (i) the Subscription Service and Consulting Services will be provided in a manner consistent with generally accepted industry standards, and (ii) we will not knowingly introduce any viruses or other forms of malicious code into the Subscription Service; provided however, this warranty will not apply to you if you only use the Free Services.
In the event of non-conformance with this warranty, we will use commercially reasonable efforts to correct such non-conformance. If we cannot correct such non-conformance within sixty (60) days from the date when you notified us of the non-conformity (the “Remedy Period”), then either party may terminate this Agreement by providing the other party written notice within thirty (30) days after the end of the Remedy Period. If you terminate the Agreement for this reason, we will promptly refund any prepaid but unused fees covering use of the Subscription Service after termination in accordance with the ‘Effect of Termination or Expiration’ provision of this Agreement.
We will not have any obligation or liability under this section if the non-conformance is caused by or based on: (i) any combination of the Subscription Service with any hardware, software, equipment, or data not provided by us, (ii) modification of the Subscription Service by anyone other than us, or modification of the Subscription Service by us in accordance with specifications or instructions that you provided, or (iii) use of the Subscription Service in violation of or outside the scope of this Agreement
15. Access to Terms and Conditions
15.1 Availability
These Terms and Conditions are accessible on our website at any time for reference. Users are encouraged to review them periodically to stay informed about their rights and responsibilities.
15.2 Contact Information
For any questions or concerns regarding these Terms and Conditions, users may contact us at admin@vbai.io.
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