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Terms of Service

Last updated: December 6, 2024

1. Acceptance of Terms

By accessing or using SpendBear ("the Service"), you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use the Service.

2. Description of Service

SpendBear is a contract management platform that helps businesses:

  • Store and organize contract documents
  • Extract key information using AI technology
  • Track renewal dates and obligations
  • Receive reminders and alerts
  • Collaborate with team members

3. Account Registration

To use the Service, you must:

  • Provide accurate and complete registration information
  • Maintain the security of your account credentials
  • Be at least 18 years old or have parental consent
  • Not share your account with unauthorized users

You are responsible for all activities that occur under your account.

4. Subscription and Payments

4.1 Pricing

Our pricing is $30 per month (or $300 per year for annual billing). Prices may change with 30 days' notice.

4.2 Free Trial

We offer a 30-day free trial. No credit card is required to start your trial.

4.3 Billing

Subscriptions are billed in advance on a monthly or annual basis. All fees are non-refundable except as required by law.

4.4 Cancellation

You may cancel your subscription at any time. Access will continue until the end of your current billing period.

5. User Responsibilities

You agree to:

  • Use the Service only for lawful purposes
  • Not upload malicious content or malware
  • Not attempt to gain unauthorized access to the Service
  • Not use the Service to violate any third-party rights
  • Comply with all applicable laws and regulations

6. Your Content

You retain ownership of all contracts and documents you upload ("Your Content"). By uploading content, you grant us a limited license to:

  • Store and process Your Content to provide the Service
  • Use AI technology to analyze and extract information
  • Display Your Content to authorized users on your team

We will not use Your Content for any purpose other than providing the Service.

7. AI Processing

Our Service uses artificial intelligence to analyze contracts. While we strive for accuracy, AI-extracted information should be verified by you. We are not liable for any errors in AI-generated analysis.

8. Data Security

We implement reasonable security measures to protect Your Content. However, no system is completely secure. You acknowledge that you provide Your Content at your own risk.

9. Intellectual Property

The Service, including its design, features, and code, is owned by SpendBear and protected by intellectual property laws. You may not copy, modify, or create derivative works of the Service.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, CONTRACT TRACKER SHALL NOT BE LIABLE FOR:

  • Indirect, incidental, or consequential damages
  • Loss of profits, data, or business opportunities
  • Damages exceeding the fees paid in the 12 months prior to the claim

11. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

12. Indemnification

You agree to indemnify and hold SpendBear harmless from any claims arising from your use of the Service, Your Content, or violation of these Terms.

13. Termination

We may suspend or terminate your access to the Service for:

  • Violation of these Terms
  • Non-payment of fees
  • At our discretion with 30 days' notice

Upon termination, you may download Your Content within 30 days.

14. Changes to Terms

We may modify these Terms at any time. Material changes will be communicated via email or notice on the Service. Continued use after changes constitutes acceptance.

15. Governing Law

These Terms are governed by the laws of the State of Delaware, USA, without regard to conflict of law principles.

16. Contact

For questions about these Terms, please contact us at:

Email: vamsi.iiita@gmail.com