Terms and Conditions of Use
Welcome to YachtChain Ltd! By accessing our software and services, you agree to abide by these Terms and Conditions. Please read them carefully before proceeding.
1. Services Provided
YachtChain Ltd provides access to its SAAS software, which is built on the reliable Salesforce infrastructure, specifically tailored for the leisure marine marketplace to support yacht brokers and dealers with business and data management. Details of the specific services and capabilities are outlined in our Service Description, available upon request or as part of your contract.
2. Subscription Term and Renewal
YachtChain Ltd provides services on an initial subscription basis of twelve (12) months (“Term”). After this period, the subscription will automatically renew for successive 12-month terms unless either party gives written notice of non-renewal at least 30 days before the end of the current term.
3. Fees and Payment
The Client agrees to pay the annual subscription fee specified in their agreement, which may be billed [monthly/annually] as per our arrangement. Fees are payable in advance and due on the agreed billing date. YachtChain Ltd allocates 25% of each annual contract fee towards the cost of the Salesforce infrastructure on which the software operates.
4. Early Termination and Cancellation Fee
If the Client elects to terminate their subscription prior to the end of the Term, a cancellation fee equal to 25% of the remaining annual contract value shall apply. This fee will be due immediately upon termination.
5. Intellectual Property
YachtChain Ltd retains all intellectual property rights to its software, including customisations made on the Salesforce platform. Users are granted a limited, non-transferable, and non-exclusive licence to access and use the software strictly in accordance with these Terms and Conditions.
6. Limitation of Liability
YachtChain Ltd shall not be liable for any indirect or consequential damages arising from the use of our software. Our liability in any circumstances shall be limited to the amount paid by the Client during the applicable 12-month term in which the claim arises.
7. Confidentiality
YachtChain Ltd and the Client agree to maintain the confidentiality of all sensitive information received from the other party in connection with this Agreement, unless disclosure is required by law.
8. Governing Law and Jurisdiction
These Terms and Conditions shall be governed by and construed in accordance with the laws of England and Wales. Any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.
9. Salesforce Infrastructure Usage
YachtChain Ltd utilises the Salesforce platform to deliver our SAAS services. Consequently, we commit to paying Salesforce 25% of each annual contract fee to cover infrastructure costs. By using our service, the Client acknowledges our use of Salesforce infrastructure and consents to this fee allocation.
10. Changes to Terms
YachtChain Ltd reserves the right to amend these Terms and Conditions from time to time to reflect changes in our services or policies. Notification of significant updates will be provided via email or posted directly on our website. Your continued use of our services after any changes constitutes acceptance of the revised Terms.
Contact Us
For any questions regarding these Terms and Conditions, please contact us at [Contact Information].