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

1. Eligibility and Access

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

2. User Responsibilities

Alit provides intelligent assistance, but it does not replace the judgment of qualified professionals. You remain solely responsible for:

• Verifying the accuracy, appropriateness, and compliance of all outputs.

• Ensuring regulatory compliance under applicable financial or accounting standards (e.g., IFRS).

• Final decisions made based on Alit’s recommendations.

You acknowledge that Alit is a tool to assist, not substitute, professional expertise.

3. AI Output Disclaimer

The Service uses artificial intelligence and may:

• Generate incorrect, incomplete, or outdated information.

• Misinterpret uploaded contracts or financial inputs.

You understand and agree that:

• Alit’s outputs are for informational use only.

• It is your responsibility to evaluate and validate the results before acting on them.

• You should not rely on the Service for legal, tax, or audit advice.

4. Use Restrictions

You agree not to:

• Use the Service for unlawful, fraudulent, or malicious purposes.

• Upload confidential third-party data without authorization.

• Interfere with or reverse-engineer the Service or its components.

• Circumvent any security features or rate limits.

We reserve the right to suspend or terminate access in the event of violation.

5. Data Ownership and Usage

You retain ownership of the data and documents you upload, as well as the outputs generated. By using the Service, you grant Alit a limited license to:

• Process, store, and analyze your data to provide the Service.

• Use anonymized and aggregated data to improve system performance and capabilities.

We implement reasonable measures to secure your data but cannot guarantee absolute protection.

6. Confidentiality

Uploaded materials and outputs are treated as confidential. However, you are responsible for ensuring that no sensitive or protected data is shared without proper authorization or consent.

7. Compliance with Applicable Laws

We comply with all applicable data protection and commercial regulations in the European Union and the United Kingdom, including the General Data Protection Regulation (GDPR) and its UK equivalent. You are responsible for ensuring your use of the Service complies with laws in your jurisdiction.

8. Service Availability

While we strive for high availability, the Service may experience interruptions due to maintenance, updates, or unexpected issues. We do not guarantee uptime or uninterrupted access.

9. Beta and Trial Use

If you are accessing a beta, early access, or trial version of the Service, you acknowledge that:

• Features may be experimental or incomplete.

• Bugs or errors may occur.

• Feedback may be requested to improve the Service.

10. Intellectual Property

All software, models, documentation, and content used in the Service remain the intellectual property of Alit or its licensors. You may not reproduce, distribute, or create derivative works without written permission.

11. Limitation of Liability

To the fullest extent permitted by law:

• Alit shall not be liable for any indirect, incidental, or consequential damages.

• Our total liability shall not exceed the amount you paid (if any) in the last 6 months.

• You agree to use the Service at your own risk.

12. Force Majeure

We are not responsible for any delay or failure in performance resulting from causes beyond our reasonable control, including but not limited to natural disasters, internet outages, government actions, or labor disputes.

13. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Republic of Cyprus. You agree to submit to the exclusive jurisdiction of the courts of Nicosia, Cyprus.

14. Modifications

We may revise these Terms at any time. If we make significant changes, we will notify users via email or site notice. Continued use of the Service constitutes acceptance of the updated Terms.