Terms of Use

1. Acceptance of Terms

By accessing or using the Veles Risk Management System ("Service"), you agree to be bound by these Terms of Use ("Terms"). If you disagree with any part of these terms, you may not access the Service.

These Terms apply to all visitors, users, and others who access or use the Service, including but not limited to brokerage companies, financial institutions, and their authorized representatives.

2. Service Description

Veles provides a comprehensive B2B risk management platform designed for brokerage companies, including:

• Real-time risk monitoring and analytics
• AI-powered fraud detection and prevention
• Multi-account detection capabilities
• Market impact analysis
• Customizable reporting and dashboards
• Integration with trading platforms
• API access for custom implementations

3. Account Registration and Security

3.1 Account Requirements

To use our Service, you must:

• Be a legally registered business entity
• Provide accurate, current, and complete registration information
• Maintain the security of your account credentials
• Promptly notify us of any unauthorized access
• Be responsible for all activities under your account

3.2 Account Security

You are responsible for maintaining the confidentiality of your account and password. You agree to accept responsibility for all activities that occur under your account. We reserve the right to refuse service, terminate accounts, or remove content at our sole discretion.

4. License and Restrictions

4.1 License Grant

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service solely for your internal business purposes.

4.2 Restrictions

You agree not to:

• Resell, sublicense, or redistribute the Service
• Reverse engineer, decompile, or disassemble any part of the Service
• Use the Service for any unlawful purpose or in violation of regulations
• Attempt to gain unauthorized access to any portion of the Service
• Interfere with or disrupt the Service or servers
• Use automated systems to access the Service without permission
• Remove or alter any proprietary notices or labels
• Use the Service to compete with Veles or create a derivative work

5. Data Usage and Ownership

5.1 Your Data

You retain all rights, title, and interest in and to your data. By using the Service, you grant us a limited license to use, process, and store your data solely to provide the Service to you.

5.2 Service Improvements

We may use aggregated, anonymized data derived from your use of the Service to improve our products, develop new features, and conduct research. Such aggregated data will not identify you or your clients.

5.3 Feedback

Any feedback, suggestions, or recommendations you provide regarding the Service shall become our property, and we may use such feedback without restriction or compensation to you.

6. Payment Terms

6.1 Fees

You agree to pay all fees associated with your use of the Service according to the pricing plan you select. Fees are non-refundable except as required by law or as explicitly stated in these Terms.

6.2 Billing

• Fees are billed in advance on a monthly or annual basis
• You authorize us to charge your designated payment method
• Failure to pay may result in suspension or termination of service
• All fees are exclusive of taxes, which you are responsible for paying

6.3 Price Changes

We reserve the right to modify our pricing with 30 days' notice. Continued use of the Service after price changes constitutes acceptance of the new pricing.

7. Intellectual Property

7.1 Veles Property

The Service, including all content, features, and functionality, is owned by Veles Solutions and is protected by international copyright, trademark, patent, trade secret, and other intellectual property laws.

7.2 Trademarks

"Veles" and our logos are trademarks of Veles Solutions. You may not use our trademarks without our prior written consent. All other trademarks referenced are the property of their respective owners.

8. Confidentiality

Each party agrees to maintain the confidentiality of the other party's confidential information and use it solely for the purposes of these Terms. This obligation survives termination of these Terms for a period of five (5) years.

Confidential information does not include information that:

• Is or becomes publicly available through no breach by the receiving party
• Was rightfully known by the receiving party before disclosure
• Is rightfully obtained from a third party without breach of confidentiality
• Is independently developed without use of confidential information

9. Warranties and Disclaimers

9.1 Service Warranty

We warrant that the Service will perform materially in accordance with the applicable documentation under normal use and circumstances.

9.2 Disclaimer

9.3 No Trading Advice

The Service provides risk management tools and analytics only. We do not provide trading advice, financial advice, or recommendations. You are solely responsible for your trading decisions and risk management strategies.

10. Limitation of Liability

Our maximum aggregate liability under these Terms shall not exceed the total amount paid by you to Veles in the twelve (12) months preceding the claim.

11. Indemnification

You agree to indemnify, defend, and hold harmless Veles Solutions, its officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses (including reasonable attorneys' fees) arising from:

• Your use of the Service
• Your violation of these Terms
• Your violation of any rights of another party
• Your violation of any applicable laws or regulations
• Any content or data you submit through the Service

12. Service Level Agreement

12.1 Uptime Commitment

We strive to maintain 99.9% uptime for the Service, excluding scheduled maintenance and circumstances beyond our reasonable control.

12.2 Support

We provide technical support according to your service plan:

• Standard: Business hours support via email
• Professional: Extended hours with priority response
• Enterprise: 24/7 support with dedicated account management

13. Term and Termination

13.1 Term

These Terms commence on the date you first access the Service and continue until terminated.

13.2 Termination

Either party may terminate these Terms:

• For convenience with 30 days' written notice
• Immediately for material breach that remains uncured after 15 days' notice
• Immediately if the other party becomes insolvent or bankrupt

13.3 Effect of Termination

Upon termination:

• Your access to the Service will be disabled
• You must pay all outstanding fees
• We will provide your data for export for 30 days
• Sections regarding intellectual property, confidentiality, and limitation of liability survive

14. Modifications to Terms

We reserve the right to modify these Terms at any time. Material changes will be notified via email at least 30 days before taking effect. Continued use of the Service after changes constitutes acceptance of the modified Terms.

15. General Provisions

15.1 Governing Law

These Terms are governed by the laws of [Your Jurisdiction], without regard to conflict of law principles.

15.2 Dispute Resolution

Any disputes arising from these Terms shall be resolved through binding arbitration in accordance with the rules of [Arbitration Body]. The arbitration shall be conducted in English in [Location].

15.3 Entire Agreement

These Terms, together with our Privacy Policy and any applicable Order Forms, constitute the entire agreement between you and Veles regarding the Service.

15.4 Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect.

15.5 Waiver

No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term.

15.6 Force Majeure

Neither party shall be liable for any delay or failure to perform due to causes beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, pandemic, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials.

16. Contact Information