Terms of Use and Subscription Agreement
Last updated: January 15, 2025
Acceptance of Terms: By making payment (including via invoice, bank transfer, online checkout, or any other method), you (the “Subscriber”) acknowledge and agree to the terms and conditions outlined in this Subscription Agreement, entered into by you and Crelocks LLC (the “Supplier”), registered in the State of Georgia, USA. Payment constitutes acceptance of these terms.
1. Account Requirements and Definitions
Business Email Requirement
Account registration is restricted to business email addresses only. Personal email addresses from providers such as Gmail, Yahoo, Hotmail, Outlook.com, and other consumer email services are not permitted. This policy ensures professional use of the platform and maintains data integrity for business intelligence purposes.
Licensed Products
The Subscriber is granted access to the Licensed Products as specified in the invoice for the Subscription Period stated therein.
Authorized Users
Individuals designated by the Subscriber and approved by the Supplier.
Derived Data
Any data (wholly or in part) that are merged, manipulated, and integrated with the Licensed Products by the Subscriber or the Authorized Users such that it cannot be separated or directly derived from the Licensed Products and cannot be reverse-engineered such that it can be so identified. Derived Data shall not be considered a substitute for the data or the Licensed Products. Derived Data shall be owned by the Supplier.
2. License Grant and Permitted Uses
The Supplier grants the Subscriber’s Authorized Users a non-exclusive, non-transferable, revocable licenseduring the Subscription Period to:
- Access, view, and use the Licensed Products and create Derived Data
- Store the Licensed Products and Derived Data on the Subscriber’s systems
- Distribute the Licensed Products and the Derived Data to the Subscriber’s Authorized Users
- Refer to and/or identify the Supplier when using the Licensed Products for the creation, and/or use of the Derived Data
- Not modify and/or misuse the Licensed Products when creating, referring to and/or using Derived Data during the Subscriber’s business activities
Prohibited Uses
The Subscriber shall not:
- Use the Licensed Products (wholly or in part) to provide products or services to third parties
- Redistribute the Licensed Products (wholly or in part) or Derived Data to non-authorized users
3. Data and AI-Generated Content License
The license granted for the data and any artificial intelligence-generated content originating from it forms part of the Licensed Products. Authorized Users may use such data and AI-generated content solely for internal business purposes within the scope of their professional activities.
Important Limitations
The Subscriber may not use the Licensed Products or related content for critical functions such as:
- Accounting or financial reporting
- Risk management
- Generating internal proprietary data (indices, forward curves, swaps, contracts for difference, reports, cost assessments, premium calculations)
The Licensed Products are intended as an external reference only and not as a basis for critical internal data generation or operational decision-making.
4. Warranties and Liability Limitations
Disclaimer of Warranties
Except as expressly stated in this Subscription Agreement, all warranties, conditions, and terms, whether express or implied by statute, common law, or otherwise are hereby excluded to the extent permitted by law. The Supplier does not warrant that:
- The supply of the Licensed Products will be free from interruption
- The Licensed Products will run on all the Subscriber’s systems
- The Licensed Products are error-free or fit for any particular purpose or will be timely
- The Licensed Products have been tested for use by the Subscriber or will achieve any particular result
Limitation of Liability
Neither the Supplier nor its licensors shall in any circumstances be liable for any lost profits or damage stemming from any parties’ reliance on or use of the Licensed Products. The Subscriber shall not rely on any information provided as part of the Licensed Products in making any investment or other decision.
In no event shall the maximum cumulative liability of the Supplier exceed the fees paid by the Subscriber to the Supplier in the 12 months immediately preceding the claim. Nothing in this Agreement seeks to limit liability for death or personal injury resulting from negligence.
5. Intellectual Property Rights
As between the Supplier and the Subscriber, all intellectual property rights in the Licensed Products are and shall remain the exclusive property of the Supplier.
6. Payment Terms
The Subscriber shall pay the Charges stated in the invoice within 14 days of the invoice date. The Supplier may revise Charges upon renewal or at the end of the Subscription Period at its sole discretion.
7. Assignment
Neither party may assign this Agreement, in whole or in part, without the prior written consent of the other party, such consent not to be unreasonably withheld. The Supplier may assign the Agreement to its successor in connection with a merger, acquisition, or corporate reorganization.
8. Terms and Termination
This Subscription Agreement shall commence on the Commencement Date and apply during the Subscription Period. The subscription of the Licensed Products shall not automatically renew on the date when the Subscription Period expires. The Supplier may suspend or terminate the provision of some or all of the Licensed Products if the Subscriber has breached the terms and conditions of this document.
9. Governing Law and Jurisdiction
This Subscription Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, and the courts of the State of Georgia shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this Agreement or its subject matter or formation.
Contact Information
For questions regarding these Terms of Use, please contact: