- We’ll do everything we can to make you successful with our resources
- You own your data and where we need to see it, we’ll only use it to provide our service to you
- We will keep improving – email email@example.com anytime, we’ll respond
This License Agreement (the “Agreement”) is a legal document that binds registered users (“User” or “Users”) to certain obligations contained herein. You should read this Agreement carefully before accepting its terms. You understand and agree that the agent resources described below are provided to Users exclusive under this Agreement by Private Banking Concepts, Inc. d/b/a Private Banking Concepts (referred to hereunder as “Private Banking Concepts”, “we,” or “us”), a Delaware corporation with offices located at 35 Cockburn Road, Cape Town, South Africa 7975 (“Private Banking Concepts”). By clicking the “Agree” checkbox, you are acknowledging and agreeing that you are eighteen (18) years or older, that you have read and understand this Agreement, that you agree to be bound by the terms of this Agreement currently in effect and as updated by Private Banking Concepts from time to time.
Private Banking Concepts provides the Agent Resources framework for cross-platform application development. User desires to license such resources from Private Banking Concepts, and Private Banking Concepts desires to grant a license to such resources pursuant to the terms and conditions hereof. In consideration of the agreements contained below, the Parties hereby agree as follows:
For purposes of this Agreement, the following terms will have the meanings ascribed to them below.
1.1 “Confidential Information” means any information disclosed by one Party to the other, which, (i) if in written, graphic, machine readable or other tangible form is marked “Confidential” or “Proprietary” or which, if disclosed orally or by demonstration, is identified at the time of disclosure as confidential and reduced to a writing marked “Confidential” and delivered to the receiving party within thirty (30) days of such disclosure; or (ii) by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. Notwithstanding any failure to so identify them, all technology or proprietary information underlying the Financial Freed Analysis shall be deemed Confidential Information of Private Banking Concepts, and the User Data shall be deemed Confidential Information of User.
1.2 “Documentation” means any documentation or online agent resources provided by Private Banking Concepts for use under this Agreement.
1.3 “Intellectual Property Rights” means all rights in, to, or arising out of: (i) any U.S., international or foreign patent or any resource therefore and any and all reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof; (ii) inventions (whether patentable or not in any country), invention disclosures, improvements, trade secrets, proprietary information, know-how, technology and technical data; (iii) copyrights, copyright registrations, mask works, mask works registrations, Agent Resources, moral rights, trademarks, and rights of personality, privacy and likeness, whether arising by operation of law, contract, license or otherwise; and (iv) any other similar or equivalent proprietary rights anywhere in the world.
1.4 “Licensed Materials” means the Financial Freedom Analysis, the Documentation, and all other online agent resources provided by Private Banking Concepts.
1.5 “Users Data” means the User supplied information suzbmitted to Private Banking Concepts for use and analysis, expressly excluding Private Banking Concepts intellectual property including but not limited to the Financial Freedom Analysis, Documentation and all other online agent resources.
1.6 “Agent Resources” means the Financial Freedom Analysis comprising the excel files provided by Private Banking Concepts for agent use. It comprises other documentation and resources found on the privatebankingconcepts.com website.
1.10 “User” or “Agent” means an Agent authorized to use the resources found on privatebankingconcepts.com.
2. RESPONSIBILITIES OF PRIVATE BANKING CONCEPTS
2.1 Private Banking Concepts may delegate the performance of certain portions of Agent Resources to third parties provided Private Banking Concepts remains responsible to User for the delivery of the Agent Resources.
2.2 Private Banking Concepts shall provide technical support of the Agent Resources. Private Banking Concepts shall not be obligated to provide to the User any new release of any resource or module thereof, or other resource or services for which Private Banking Concepts generally charges a separate fee.
3. RESPONSIBILITIES OF USER
3.1 The User will cooperate in setting up the Agent Resources as reasonably requested by Private Banking Concepts.
3.2 The User will be responsible for obtaining and maintaining at the User’s expense all the necessary computer hardware, software, modems, connections to the Internet and other items required to access Agent Resources.
4. RIGHT TO MONITOR
Private Banking Concepts will have the right to review and monitor all use of Agent Resources to ensure compliance with the terms of this Agreement.
5. LICENSE GRANT
5.1 Grant. Subject to the terms and conditions of this Agreement, Private Banking Concepts grants to Users a limited, exclusive, non-transferable, worldwide license, without the right to sublicense, to permit User to use the resources and the Documentation via Agent Resources solely for internal use as it relates to operations of the User. This sublicense grant expressly excludes the Users from allowing end-users to further sublicense any Private Banking Concepts intellectual property included but not limited to Private Banking Concepts platform-specific tools or any other element of Agent Resources.
5.2 License Restrictions. User shall not, and shall not permit any third party to: (i) use the Licensed Materials except to the extent permitted in Section 5.1; (ii) modify or create any derivative work of any part of the Licensed Materials; (iii) permit any third parties to use the Licensed Materials; (iv) market, sublicense, publish, distribute, reproduce, assign, transfer, rent, lease or loan the Licensed Materials; or (v) use the Licensed Materials for commercial time-sharing or service bureau use.
5.3 Reservation of Rights. Private Banking Concepts reserves all rights to Agent Resources, Software, or Documentation not otherwise expressly granted in this Section 5.
6. LICENSE TO PRIVATE BANKING CONCEPTS
Subject to the terms and conditions of this Agreement, the User hereby grants Private Banking Concepts a limited, worldwide, non-exclusive, royalty-free license during the Term to use, reproduce, electronically distribute, transmit, have transmitted, perform, display, store, archive, and make derivative works of the User Data solely in order to provide Agent Resources and Private Banking Concepts services to User.
7.1 Users. As between User and Private Banking Concepts, the User shall retain all right, title and interest in and to the User Data and all Intellectual Property Rights therein. Nothing in this Agreement will confer on Private Banking Concepts any right of ownership or interest in the User Data or the Intellectual Property rights therein.
7.2 Private Banking Concepts. As between User and Private Banking Concepts, Private Banking Concepts shall retain all right, title and interest in and to the Licensed Materials, the Agent Resources and Platform-Specific Tools, any changes, corrections, bug fixes, enhancements, updates and other modifications thereto, and all Intellectual Property Rights therein, and as between the parties all such rights shall vest in and be assigned to Private Banking Concepts. Nothing in this Agreement will confer on User any right of ownership or interest in the Licensed Materials, Agent Resources, or the Intellectual Property rights therein.
8. LIMITED SOFTWARE WARRANTY
8.1 The foregoing warranty shall not apply to performance issues of Agent Resources (i) caused by factors outside of Private Banking Concepts reasonable control; (ii) that result from any actions or inactions of User or any third parties; or (iii) that result from User’s data structure, operating environment or equipment.
8.2 Sole Remedy. Should the Agent Resources not perform or function as expressly warranted herein, Private Banking Concepts shall use its commercially reasonable efforts to correct the nonconformities giving rise to such breach. The foregoing remedy is available only if User notifies Private Banking Concepts in writing of such non-conformity within fifteen (15) days of its discovery by User, and Private Banking Concepts examination of the Agent Resources discloses that such non-conformity exists. The foregoing remedies shall be User’s sole and exclusive remedies and Private Banking Concepts entire liability for any breach of the warranty set forth in Section 8.1.
8.3 Disclaimer of Any Other Warranties. EXCEPT FOR THE EXPRESS, LIMITED WARRANTY PROVIDED IN THIS SECTION 8, PRIVATE BANKING CONCEPTS MAKES NO WARRANTIES, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, WITH RESPECT TO THE LICENSED MATERIALS, PRIVATE BANKING CONCEPTS RESOURCES, OR ANY OTHER ACCOMPANYING MATERIAL PROVIDED HEREUNDER. PRIVATE BANKING CONCEPTS SPECIFICALLY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS AND IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON INFRINGEMENT, THOSE ARISING FROM A COURSE OF DEALING OR USAGE OR TRADE, AND OF UNINTERRUPTED OR ERROR-FREE SERVICE, AND ALL SUCH WARRANTIES ARE HEREBY EXCLUDED TO THE FULLEST EXTENT PERMITTED BY LAW. EXCEPT AS EXPRESSLY PROVIDED HEREIN, THE RESOURCES ARE PROVIDED ON AN AS IS, AS AVAILABLE BASIS.
9. TERM; TERMINATION
9.1 Term. Unless earlier terminated as provided in this Section 10, this Agreement will have an initial term of one (1) month (the “Initial Term”), which shall commence as of the acceptance date of this Agreement, and shall thereafter automatically renew for additional periods of one (1) month (any such “Renewal Term,” together with the Initial Term, the “Term”) unless either party provides written notice of its intention not to renew to the other party which will be effective upon receipt by such Party.
- By Either Party. This Agreement may be terminated immediately by either Party for convenience upon receipt of written notice to the other Party.
- Effect of Termination. Upon termination of this Agreement, each Party shall promptly return, or at the other Party’s request destroy, all Confidential Information of the other Party (including without limitation the User Data and the Documentation) except that User may retain the Agent Resources integrated with the User Data, where the combination have already been installed by Users’ end-users . Sections 1, 5.2, 8, 9.3, 9.2(b), and 11-14 shall survive termination of this Agreement for any reason. All other rights and obligations of the Parties under this Agreement shall expire upon termination of this Agreement, except that all payment obligations accrued hereunder prior to termination or expiration shall survive such termination.
10.1 Nondisclosure. Each Party (each a “Receiving Party”) agrees that it shall use and reproduce the Confidential Information of the other Party (the “Disclosing Party”) only for purposes of exercising its rights and performing its obligations under this Agreement and only to the extent necessary for such purposes; shall restrict disclosure of such Confidential Information to the Receiving Party’s employees, consultants, or advisors who have a need to know; and shall not disclose such Confidential Information to any third party without the prior written approval of the Disclosing Party. The foregoing obligations shall be satisfied by the Receiving Party through the exercise of at least the same degree of care used to restrict disclosure and use of its own information of like importance, but not less than reasonable care. All third parties to whom the Receiving Party discloses Confidential Information must be bound in writing by obligations of confidentiality and non-use at least as protective of such information as this Agreement. Notwithstanding the foregoing, it shall not be a breach of this Agreement for the Receiving Party to disclose Confidential Information if compelled to do so under law, in a judicial or other governmental investigation or proceeding, provided that, to the extent permitted by law, the Receiving Party has given the Disclosing Party prior notice and reasonable assistance to permit the Disclosing Party a reasonable opportunity to object to and/or limit the judicial or governmental requirement to disclosure.
10.2 Exceptions. Notwithstanding anything to the contrary herein, neither Party shall be liable for using or disclosing information that such Party can prove: (i) was in the public domain at the time it was disclosed or has entered the public domain through no fault of the Receiving Party; (ii) was known to the Receiving Party, without restriction, at the time of disclosure, as demonstrated by files in existence at the time of disclosure; (iii) is disclosed with the prior written approval of the Disclosing Party; (iv) was independently developed by the Receiving Party without any use of the Confidential Information, as demonstrated by files created at the time of such independent development; (v) becomes known to the Receiving Party, without restriction, from a source other than the Disclosing Party without breach of this Agreement by the Receiving Party and otherwise not in violation of the Disclosing Party’s rights; or (vi) is disclosed generally to third parties by the Disclosing Party without restrictions similar to those contained in this Agreement.
10.3 Remedies. The Receiving Party agrees that a breach of this Section 11 may result in immediate and irreparable harm to the Disclosing Party that money damages alone may be inadequate to compensate. Therefore, in the event of such a breach, the Disclosing Party will be entitled to seek equitable relief, including but not limited to a temporary restraining order, temporary injunction or permanent injunction without the posting of a bond or other security.
11. LIMITATION ON DAMAGES
11.1 EXCLUSION OF INCIDENTAL AND CONSEQUENTIAL DAMAGES. EXCEPT FOR BREACH OF SECTION 5 OR SECTION 11 AND INDEMNIFICATION FOR THIRD-PARTY DAMAGES ARISING UNDER SECTION 13 OF THIS AGREEMENT, NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT, EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH LIABILITY SOUNDS IN CONTRACT, NEGLIGENCE, TORT, STRICT LIABILITY, WARRANTY, OR OTHERWISE.
11.2 MAXIMUM AGGREGATE LIABILITY. EXCEPT FOR BREACH OF SECTION 5 OR SECTION 11 AND INDEMNIFICATION LIABILITY ARISING UNDER SECTION 13 OF THIS AGREEMENT, THE MAXIMUM LIABILITY OF EITHER PARTY FOR ANY CLAIMS ARISING IN CONNECTION WITH THIS AGREEMENT WILL NOT EXCEED THE AGGREGATE AMOUNT OF PAYMENTS MADE UNDER THIS AGREEMENT IN THE ONE-MONTH PERIOD PRIOR TO THE EVENT GIVING RISE TO LIABILITY. USER ACKNOWLEDGES THAT THE AMOUNTS PAYABLE HEREUNDER ARE BASED IN PART ON THESE LIMITATIONS. THE PARTIES AGREE THAT THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.
12.1 Indemnification. Each Party shall indemnify, defend and hold the other Party and its officers, directors, employees, agents, successors and assigns harmless from and against all third-party claims, suits, actions, damages, settlements, losses, liabilities, costs (including without limitation reasonable attorney’s fees) and expenses arising from a claim that Agent Resources (as to Private Banking Concepts), or the User Data (as to User) violates any applicable statute, regulation, or law, or infringes any intellectual property right or other legal right of any third party (a “Claim”). This indemnity does not apply to, and Private Banking Concepts will have no obligation to the User for, any infringement or misappropriation claim that arises from (i) modifications to Agent Resources by anyone other than Private Banking Concepts, (ii) modifications to the Agent Resources based upon specifications furnished by the User, (iii) User’s use of the Agent Resources other than as specified in this Agreement or in the applicable documentation, (iv) use of the Agent Resources in conjunction with third-party software, hardware or data other than that approved by Private Banking Concepts, or (v) any combination of the foregoing. User shall indemnify, defend and hold Private Banking Concepts and its officers, directors, employees, agents, successors and assigns harmless from and against all third-party claims, suits, actions, damages, settlements, losses, liabilities, costs (including without limitation reasonable attorney’s fees) and expenses to the extent they arise from any Claim based on any of the factors in the foregoing sentence, and shall give Private Banking Concepts all reasonable information and assistance regarding such claim.
12.2 The indemnified Party shall promptly notify the indemnifying Party in writing of any Claim; provided that the failure to provide such notice shall not relieve the indemnifying Party of its indemnification obligations hereunder except to the extent of any material prejudice directly resulting from such failure. The indemnifying Party shall bear full responsibility for, and shall have the right to solely control, the defense (including any settlements) of any Claim; provided, however, that (i) the indemnifying Party shall keep the indemnified Party informed of, and consult with the indemnified Party in connection with the progress of such litigation or settlement and (ii) the indemnifying Party shall not settle any such Claim in a manner that does not unconditionally release the indemnified Party without the indemnified Party’s written consent, not to be unreasonably withheld or delayed.
12.3 In the event any portion of Agent Resources is held or believed by Private Banking Concepts, or any portion of the User Data is held or believed by the User, to infringe or misappropriate Intellectual Property Rights of any third party (such portion to be deemed the “Infringing Materials”) in any place where Agent Resources is used or accessed, then in addition to any other rights in this Section 13, Private Banking Concepts (where the Infringing Materials are Agent Resources) or User (where the Infringing Materials are the User Data) shall, at its sole expense and at its option: (i) obtain from such third party the right for the other party to continue to use the Infringing Materials; or (ii) modify the Infringing Materials to avoid and eliminate such infringement or misappropriation, as the case may be; or (iii) upon mutual agreement with the other party, remove and disable the Infringing Materials; or (iv) if none of the foregoing remedies is commercially feasible, terminate this Agreement.
12.4 THIS SECTION 13 SETS FORTH EACH PARTY’S ENTIRE LIABILITY AND OBLIGATION, AND EACH PARTY’S SOLE REMEDY FOR ANY CLAIM OF INFRINGEMENT OR MISAPPROPRIATION OF ANY INTELLECTUAL PROPERTY RIGHTS.
13.1 Digital Signature Provision. User represents and warrants that the individual electronically agreeing to the terms of this Agreement is empowered to agree to this Agreement on behalf of User. User further agrees that by clicking the “AGREE” check-box constitutes an electronic signature as defined by the Electronic Signatures in Global and National Commerce Act and that the Agreement is completely valid, has legal effect, is enforceable, and is binding on, and non refutable by, User.
13.2 Assignment. Neither Party may assign, sublicense, delegate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other Party. Notwithstanding the foregoing, Private Banking Concepts may, without the consent of Users, assign this Agreement to an entity merging with, consolidating with, or purchasing substantially all its assets or stock, provided that the assignee shall assume all rights and obligations under this Agreement. Any permitted assignment of this Agreement shall be binding upon and enforceable by and against the Parties’ successors and assigns, provided that any unauthorized assignment shall be null and void and constitute a breach of this Agreement.
13.3 Entire Agreement. This Agreement, and any exhibits and amendments thereto, constitute the entire agreement between the Parties and supersede all previous agreements, oral or written, with respect to the subject matter of this Agreement. This Agreement may not be amended without the prior written consent of both Parties.
13.4 Restricted Rights. If Users is an agency, department or entity of the United States Government (“Government”), Users agrees, that (i) use, reproduction, release, modification or disclosure of the Resources, or any part thereof, including technical data, is restricted in accordance with Federal Acquisition Regulation (“FAR”) 12.212 for civilian agencies and Defense Federal Acquisition Regulation Supplement (“DFARS”) 227.7202 for military agencies, (ii) use of the Resources by any Government agency, department or other agency of the Government is further restricted as set forth in this Agreement.
13.5 Import and Export Requirements. Users acknowledges and agrees that the Licensed Materials are subject to export control laws and regulations. Users may not download or otherwise export or re-export the Licensed Materials or any underlying information or technology except in full compliance with all applicable laws and regulations, in particular, but without limitation, United States export control laws. None of the Licensed Materials or any underlying information or technology may be downloaded or otherwise exported or re-exported: (a) into, or to a national or resident of, any country to which the United States has embargoed goods; or (b) to anyone on the U.S. Treasury Department’s list of specially designated nationals or the U.S. Commerce Department’s list of prohibited countries or debarred or denied persons or entities. Users hereby agrees to the foregoing and warrants that Users is not located in, or under the control of, or a national or resident of any such country or on any such list.
13.6 Force Majeure. Except for payment obligations, if either Party is prevented from performing or is unable to perform any of its obligations under this Agreement due to causes beyond the reasonable control of the Party invoking this provision, including but not limited to acts of God, acts of civil or military authorities, riots or civil disobedience, wars, strikes or labor disputes (each, a “Force Majeure Event”), such Party’s performance shall be excused and the time for performance shall be extended accordingly provided that the Party immediately takes all reasonably necessary steps to resume full performance.
13.7 Governing Law; Dispute Resolution. This Agreement shall be governed by and interpreted in accordance with the laws of the state of California without giving effect to its conflicts of law rules. Each of the Parties to this Agreement consents to the exclusive jurisdiction and venue of the state and federal courts of San Francisco, California.
13.8 Notices. All notices and other communications hereunder shall be in writing and shall be deed to have been duly given when delivered in person (including by overnight courier) or three days after being mailed by registered or certified mail (postage prepaid, return receipt requested), and on the date the notice is sent when sent by verified facsimile, in each case to the respective Parties at the address first set forth hereto. Either Party may change its contact information by providing the other Party with notice of the change in accordance with this section.
13.9 Relationship of Parties. The Parties are independent contractors and will have no right to assume or create any obligation or responsibility on behalf of the other Party. Neither Party shall hold itself out as an agent of the other Party. This Agreement will not be construed to create or imply any partnership, agency, joint venture or formal business entity of any kind.
13.10 Severability. If any provision of this Agreement is held invalid or unenforceable, it shall be replaced with the valid provision that most closely reflects the intent of the Parties and the remaining provisions of the Agreement will remain in full force and effect.
13.11 Waiver. No delay or failure by either Party to exercise any right or remedy under this Agreement will constitute a waiver of such right or remedy. All waivers must be in writing and signed by an authorized representative of the Party waiving its rights. A waiver by any Party of any breach or covenant shall not be construed as a waiver of any succeeding breach of any other covenant.
13.12 Headings. The headings of the articles and paragraphs contained in this Agreement are inserted for convenience and are not intended to be part of or to affect the interpretation of this Agreement.
13.13 Counterparts. This Agreement may be executed in a number of counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.