Terms of service
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These Terms of Service ("Terms") govern your access to and use of the Formula Audit XL Excel add-in, website at https://formulaudit.com, and free web tools (collectively, the "Service"), provided by Formula Audit XL ("we", "us"). By installing the add-in, accessing the website, or using the free tools, you agree to these Terms.
1. Licence grant
Subject to your compliance with these Terms and payment of any applicable fees, we grant you a limited, non-exclusive, non-transferable licence to install and use the Formula Audit XL add-in on the number of machines permitted by your plan (one machine for Individual; per-seat count for Team).
The free tier and free web tools are licensed at no cost for personal and commercial use, subject to the restrictions below.
2. Restrictions
You may not:
- Reverse-engineer, decompile, or disassemble the add-in
- Copy, redistribute, or sublicence the add-in to third parties
- Use the Service to build a competing product or service
- Share a paid licence key with users outside your permitted seat count
- Use the Service in any way that violates applicable law or regulation
- Circumvent, disable, or otherwise interfere with licence-validation mechanisms
3. Subscriptions and payments
Paid plans are billed on an annual basis unless otherwise stated. Subscriptions renew automatically unless cancelled before the renewal date. You may cancel at any time from your account settings or by contacting us. We offer a 30-day money-back guarantee on first-time Individual and Team purchases. Contact us within 30 days of purchase for a full refund.
Prices are stated in Euros (EUR) and exclusive of any applicable taxes. We reserve the right to change pricing with at least 30 days' notice to active subscribers.
4. Intellectual property
All rights in the Formula Audit XL software, website, and documentation (including source code, trade dress, trademarks, and documentation) remain with Formula Audit XL. These Terms do not transfer any ownership to you.
Your workbooks, models, and data remain entirely yours. We claim no rights over content you create with the Service.
5. Disclaimer of warranties
The Service is provided "as is" and "as available". To the fullest extent permitted by applicable law, we disclaim all warranties, express or implied, including warranties of merchantability, fitness for a particular purpose, and non-infringement.
We do not warrant that the Service will be error-free or uninterrupted, or that it will identify every formula error, inconsistency, or model defect. The Service is a tool to assist model review; it does not replace professional judgment.
6. Limitation of liability
To the fullest extent permitted by law, Formula Audit XL's total liability to you for any claim arising from the Service is limited to the amount you paid to us in the 12 months preceding the claim.
In no event will we be liable for indirect, incidental, special, consequential, or punitive damages, including loss of data or profits, even if we have been advised of the possibility of such damages.
7. Termination
We may suspend or terminate your access to the Service if you breach these Terms or if required by law. On termination, your licence to use the add-in ends and you must remove it from your machines. Provisions that by their nature should survive termination (including sections 4, 5, 6, and 8) will do so.
8. Governing law
These Terms are governed by and construed in accordance with the laws of [jurisdiction to be confirmed before launch]. Any disputes arising out of or relating to these Terms will be subject to the exclusive jurisdiction of the courts of that jurisdiction.
9. Changes
We may update these Terms from time to time. We will post the revised Terms on this page with an updated date and will notify active subscribers by email for material changes. Continued use of the Service after the effective date of any change constitutes acceptance of the updated Terms.
10. Contact
Questions about these Terms: [email protected].