Terms of Service

These Terms of Service (“Terms”) govern your access to and use of the website, applications and AI-powered services (together, the “Service”) provided by Alit Ltd (“Alit”, “we”, “us”, “our”). By accessing or using the Service, you agree to be bound by these Terms. If you do not agree, you must not use the Service.

1. Eligibility and access

You must be at least 18 years old and have the legal authority to bind yourself or your organisation to these Terms. You agree to provide accurate registration information and to use the Service solely for lawful, professional purposes.

2. User responsibilities

Alit provides intelligent assistance to support professional accounting and advisory work. It does not replace the judgement of qualified professionals. You remain solely responsible for:

• verifying the accuracy, appropriateness and completeness of all outputs;

• ensuring compliance with applicable accounting standards, including IFRS and local equivalents, and with regulatory requirements;

• all final decisions made on the basis of outputs generated by the Service.

You acknowledge that Alit is a tool to assist, not substitute for, professional expertise. Outputs are draft working materials intended for review and validation by qualified professionals before any reliance is placed on them.

3. Nature of AI outputs

The Service uses artificial intelligence to generate accounting treatments, contract analyses, memos and related outputs. These outputs are draft working materials designed to support and accelerate professional review. They are not final advice. You understand and agree that:

• AI-generated outputs may contain errors, omissions or incomplete analysis;

• outputs may reflect interpretations that differ from those your firm or client would adopt;

• the Service may misinterpret uploaded documents, contracts or financial inputs;

• it is your responsibility to evaluate, validate and where necessary amend all outputs before acting on them or including them in client deliverables.

Alit does not provide legal, tax or audit advice. Outputs should be treated as a starting point for professional analysis, not as a substitute for it.

4. Use restrictions

You agree not to:

• use the Service for any unlawful, fraudulent or malicious purpose;

• upload confidential third-party data without proper authorisation;

• attempt to interfere with, reverse-engineer or circumvent the Service or its components;

• circumvent any security features, access controls or rate limits;

• use the Service to develop competing products or services.

We may suspend or terminate your access if we reasonably believe you have breached these Terms.

5. Data ownership and usage

You retain full ownership of the data and documents you upload to the Service, and of the outputs generated from them. By using the Service, you grant Alit a limited licence to process, store and analyse your data solely to provide the Service to you, and to derive anonymised, aggregated analytical insights from platform usage patterns to improve and develop our reasoning capabilities.

Alit does not use your uploaded data, including contracts, scenarios, memos or other client materials, to train or fine-tune AI models. Your documents and inputs are never incorporated into any training pipeline. The analytical insights referred to above are limited to anonymised, non-identifiable patterns of system usage and contain no client-specific content.

6. Confidentiality

Uploaded materials and outputs are treated as confidential, and we implement appropriate technical and organisational measures to protect them. You are responsible for ensuring that no sensitive, privileged or protected data is uploaded to the Service without proper authorisation or consent from the relevant data owner.

7. Privacy and data protection

We process personal data in accordance with applicable data protection legislation, including the UK General Data Protection Regulation and the Data Protection Act 2018. Our Privacy Policy sets out how we collect, use, store and protect personal data, and forms part of these Terms.

8. Service availability

While we strive for high availability, the Service may experience interruptions due to maintenance, updates or circumstances beyond our control. We do not guarantee uninterrupted or error-free access.

9. Beta, pilot and early access use

If you are using a beta, pilot, early access or trial version of the Service, you acknowledge that features may be experimental, incomplete or subject to change; that bugs, errors or performance issues may occur; and that we may ask for your feedback. Separate terms agreed for a specific pilot take precedence over these Terms to the extent of any conflict. Trial access may be subject to usage limits and may be suspended, restricted or withdrawn at our discretion at any time without notice.

10. Intellectual property

All software, models, algorithms, documentation and content used in or forming part of the Service remain the intellectual property of Alit Ltd or its licensors. Nothing in these Terms grants you any right, title or interest in that intellectual property except the limited right to use the Service in accordance with these Terms. You may not reproduce, distribute, modify or create derivative works from any part of the Service without our prior written consent.

11. Limitation of liability

To the fullest extent permitted by applicable law, Alit shall not be liable for any indirect, incidental, special or consequential damages arising from or in connection with your use of the Service, and our total aggregate liability for all claims arising under or in connection with these Terms shall not exceed the amount paid by you, if any, for the Service in the six months before the claim. You use the Service at your own risk and acknowledge that outputs are draft working materials requiring professional review. Nothing in these Terms excludes or limits liability for death or personal injury caused by negligence, for fraud, or for any other liability that cannot be excluded or limited by law.

12. Indemnification

You agree to indemnify and hold harmless Alit Ltd and its directors, officers and employees from and against any claims, losses, damages or expenses, including reasonable legal fees, arising from your use of the Service, your breach of these Terms or your reliance on outputs generated by the Service.

13. Force majeure

We shall not be liable for any delay or failure in performance resulting from causes beyond our reasonable control, including natural disasters, internet outages, government actions, pandemics or labour disputes.

14. Changes to these Terms

We may revise these Terms from time to time. If we make material changes, we will notify you by email or by a notice on the Service. Continued use of the Service after the effective date of any changes constitutes acceptance of the updated Terms.

15. Termination

Either party may terminate access to the Service at any time. Where a separate service or pilot agreement is in place, its termination provisions apply to the extent of any conflict with this section. We may suspend or terminate your account immediately if we reasonably believe you have breached these Terms. On termination, your right to use the Service ends. The sections on intellectual property, limitation of liability, indemnification and governing law survive termination.

16. Governing law and jurisdiction

These Terms are governed by the laws of England and Wales, and any dispute arising under or in connection with them is subject to the exclusive jurisdiction of the courts of England and Wales.

17. Contact

Alit Ltd, 84 Albert Hall Mansions, Kensington Gore, London, England, SW7 2AQ. Email: legal@getalit.ai.