Version 01 June 2024
This Embold Technologies Customer Agreement (the “Agreement”) is between you and Embold Technologies GmbH (“Embold Technologies”). If you are agreeing to this Agreement not as an individual but on behalf of your company, then “Customer” or “you” means your company, and you are binding your company to this Agreement. Embold Technologies may modify this Agreement from time to time, subject to the terms in Section 23 (Changes to this Agreement) below.
By clicking on the “I agree” (or similar button) that is presented to you at the time of your Order, or by using or accessing Embold Technologies products, you indicate your assent to be bound by this Agreement.
1 Scope of the Agreement
This Agreement governs your initial purchase as well as any future purchases made by you that reference this Agreement. This Agreement includes our Privacy Policy at our website (Embold Technologies.com), our Acceptable Use Policy, any Orders, and any other referenced policies and attachments. This Agreement applies to Embold Technologies add-ons or plugins that you purchase from Embold Technologies. However, it does not apply to add-ons or plugins from other vendors of Embold Technologies.
2 Types of Embold Technologies Products
This Agreement governs (a) Embold Technologies’ commercially available downloadable software products (currently designated as “Server” or “Data Center” deployments) (“Software”), (b) Embold Technologies’ hosted or cloud-based solutions (currently designated as “Cloud” deployments) (“Hosted Services”), and (c) any related support or maintenance services provided by Embold Technologies. Software and Hosted Services, together with related Documentation (if any), are referred to as “Products”. Section 6 (Software Terms) applies specifically to Software, and Section 7 (Hosted Services Terms) applies specifically to Hosted Services, but unless otherwise specified, other provisions of this Agreement apply to all Products.
3 Account Registration
You may need to register for an Embold Technologies account in order to place orders or access or receive any Products. Any registration information that you provide to us must be accurate, current and complete. You must also update your information so that we may send notices, statements and other information to you by email or through your account. You are responsible for all actions taken through your accounts.
4 Orders
4.1 Directly with Embold Technologies
Embold Technologies’ Product ordering documentation or purchase flow (“Order”) will specify your authorized scope of use for the Products, which may include: (a) number and type of Authorized Users (as defined below), (b) storage or capacity (for Hosted Services), (c) numbers of licenses, copies or instances (for Software), or (d) other restrictions or billable units (as applicable, the “Scope of Use”). The term “Order” also includes any applicable Product or Support and Maintenance renewal, or purchases you make to increase or upgrade your Scope of Use.
4.2 Reseller Orders
This Agreement applies whether you purchase our Products directly from Embold Technologies or through Embold Technologies “Experts” or other authorized resellers (each, a “Reseller”). If you purchase through a Reseller, your Scope of Use shall be as stated in the Order placed by Reseller for you, and Reseller is responsible for the accuracy of any such Order. Resellers are not authorized to make any promises or commitments on Embold Technologies’ behalf, and we are not bound by any obligations to you other than what we specify in this Agreement.
5 Authorized Users
Only the specific individuals for whom you have paid the required fees and whom you designate through the applicable Product (“Authorized Users”) may access and use the Products. Some Products may allow you to designate different types of Authorized Users, in which case pricing and functionality may vary according to the type of Authorized User. Authorized Users may be you or your Affiliates’ employees, representatives, consultants, contractors, agents, or other third parties who are acting for your benefit or on your behalf. You may also permit your customers to have limited access to certain Products as Authorized Users. You may increase the number of Authorized Users permitted to access your instance of the Product by placing a new Order or, in some cases, directly through the Product. In all cases, you must pay the applicable fee for the increased number of Authorized Users. You are responsible for compliance with this Agreement by all Authorized Users. All use of Products by you and your Authorized Users must be within the Scope of Use and solely for the benefit of you or your Affiliates. “Affiliate” means an entity which, directly or indirectly, owns or controls, is owned or is controlled by or is under common ownership or control with a party, where “control” means the power to direct the management or affairs of an entity, and “ownership” means the beneficial ownership of 50% (or, if the applicable jurisdiction does not allow majority ownership, the maximum amount permitted under such law) or more of the voting equity securities or other equivalent voting interests of the entity.
6 Software Terms
6.1 Your License Rights
Subject to the terms and conditions of this Agreement, Embold Technologies grants you a non-exclusive, non-sub-licensable and non- transferable license to install and / or use the Software during the applicable License Term in accordance with this Agreement and your applicable Scope of Use. The term of each Software license (“License Term”) will be specified in your Order. Your License Term will end upon any termination of this Agreement, even if it is identified as “perpetual” or if no expiration date is specified in your Order. The Software requires a license key in order to operate, which will be delivered as described in Section 9.1 (Delivery).
6.2 Number of Instances
Unless otherwise specified in your Order, for each Software license that you purchase, you may install one production instance of the Software on systems owned or operated by you (or your third party service providers so long as you remain responsible for their compliance with the terms and conditions of this Agreement). We also make available “developer” licenses free of charge for certain of our Software offerings to allow you to deploy non-production instances, such as for staging or QA purposes.
6.3 Attribution
In any use of the Software, you must include the following attribution to Embold Technologies on all user interfaces in the following format: “Powered by Embold Technologies”, which must in every case include a hyperlink to http://www.Embold Technologies.com, and which must be in the same format as delivered in the Software.
6.4 Third Party Code
The Software includes code and libraries licensed to us by third parties, including open source software.
7 Hosted Services Terms
7.1 Access to Hosted Services
Subject to the terms and conditions of this Agreement, Embold Technologies grants you a non-exclusive right to access and use the Hosted Services during the applicable Subscription Term (as defined below) in accordance with this Agreement and your applicable Scope of Use. If Embold Technologies offers client software (e.g., a desktop or mobile application) for any Hosted Service, you may use such software solely with the Hosted Service, subject to the terms and conditions of this Agreement. You acknowledge that our Hosted Services are on-line, subscription-based products and that we may make changes to the Hosted Services from time to time.
7.2 Subscription Terms and Renewals
Hosted Services are provided on a subscription basis for a set term specified in your Order (“Subscription Term”). Except as otherwise
specified in your Order, all subscriptions will automatically renew for periods equal to your initial Subscription Term (and you will be
charged at the then-current rates) unless you cancel your subscription through your account. If you cancel, your subscription will
terminate at the end of then-current billing cycle, but you will not be entitled to any credits or refunds for amounts accrued or paid prior
to such termination.
7.3 Credentials
You must ensure that all Authorized Users keep their user IDs and passwords for the Hosted Services strictly confidential and not share such information with any unauthorized person. User IDs are granted to individual, named persons and may not be shared. You are responsible for any and all actions taken using your accounts and passwords, and you agree to immediately notify Embold Technologies of any unauthorized use of which you become aware.
7.4 Your Data
“Your Data” means any data, content, code, video, images or other materials of any type that you upload, submit or otherwise transmit to or through Hosted Services. You will retain all right, title and interest in and to Your Data in the form provided to Embold Technologies. Subject to the terms of this Agreement, you hereby grant to Embold Technologies a non-exclusive, worldwide, royalty-free right to (a) collect, use, copy, store, transmit, modify and create derivative works of Your Data, in each case solely to the extent necessary to provide the applicable Hosted Service to you and (b) for Hosted Services that enable you to share Your Data or interact with other people, to distribute and publicly perform and display Your Data as you (or your Authorized Users) direct or enable through the Hosted Service. Embold Technologies may also access your account or instance in order to respond to your support requests.
7.5 Security
Embold Technologies implements security procedures to help protect Your Data from security attacks. However, you understand that use
of the Hosted Services necessarily involves transmission of Your Data over networks that are not owned, operated or controlled by us,
and we are not responsible for any of Your Data lost, altered, intercepted or stored across such networks. We cannot guarantee that our
security procedures will be error-free, that transmissions of Your Data will always be secure or that unauthorized third parties will never
be able to defeat our security measures or those of our third party service providers.
7.6 Storage & Computing Limits
There may be storage land computing limits associated with a particular Hosted Service. These limits are described in the services descriptions on our websites for the particular Hosted Service. Embold Technologies reserves the right to charge for additional storage and computing or overage fees at the rates specified on our website. We may impose new, or may modify existing, storage and computing limits for the Hosted Services at any time in our discretion, with or without notice to you.
7.7 Responsibility for Your Data
7.7.1 General
You must ensure that your use of Hosted Services and all Your Data is at all times compliant with our Acceptable Use Policy and all applicable local, state, federal and international laws and regulations (“Laws”). You represent and warrant that: (i) you have obtained all necessary rights, releases and permissions to provide all Your Data to Embold Technologies and to grant the rights granted to Embold Technologies in this Agreement and (ii) Your Data and its transfer to and use by Embold Technologies as authorized by you under this Agreement do not violate any Laws or rights of any third party, including without limitation any intellectual property rights, rights of privacy, or rights of publicity, and any use, collection and disclosure authorized herein is not inconsistent with the terms of any applicable privacy policies. Other than its security obligations under Section 7.5 (Security), Embold Technologies assumes no responsibility or liability for Your Data, and you shall be solely responsible for Your Data and the consequences of using, disclosing, storing, or transmitting it.
7.7.2 Indemnity for Your Data
You will defend, indemnify and hold harmless Embold Technologies from and against any loss, cost, liability or damage, including attorneys’ fees, for which Embold Technologies becomes liable arising from or relating to any claim relating to Your Data, including but not limited to any claim brought by a third party alleging that Your Data, or your use of the Hosted Services in breach of this Agreement, infringes or misappropriates the intellectual property rights of a third party or violates applicable law. This indemnification obligation is subject to your receiving (i) prompt written notice of such claim (but in any event notice in sufficient time for you to respond without prejudice); (ii) the exclusive right to control and direct the investigation, defence, or settlement of such claim; and (iii) all reasonable necessary cooperation of Embold Technologies at your expense.
7.8 Removals and Suspension
Embold Technologies has no obligation to monitor any content uploaded to the Hosted Services. Nonetheless, if we deem such action
necessary based on your violation of this Agreement or in response to takedown requests that we receive, we may (1) remove Your Data
from the Hosted Services or (2) suspend your access to the Hosted Services. We will generally alert you when we take such action and
give you a reasonable opportunity to cure your breach, but if we determine that your actions endanger the operation of the Hosted Service
or other users, we may suspend your access immediately without notice. You will continue to be charged for the Hosted Service during
any suspension period. We have no liability to you for removing or deleting Your Data from or suspending your access to any Hosted
Services as described in this section.
7.9 Deletion at End of Subscription Term
We may remove or delete Your Data within a reasonable period of time after the termination of your Subscription Term.
8 Support and Maintenance
Embold Technologies will provide the support and maintenance services for the Products during the period for which you have paid the applicable fee. Support and Maintenance will be provided at the support level and during the support term specified in your Order. Support and Maintenance for Software includes access to New Releases, if and when available. You may use any New Releases that we provide to you during a valid support term in the same way that you use Software, and New Releases are included in the definition of Software in that case. “New Releases” are bug fixes, patches, major or minor releases, or any other changes, enhancements, or modifications to the Software that we make generally commercially available.
9 Financial Terms
9.1 Delivery
We will deliver the applicable license keys (in the case of Software) or login instructions (in the case of Hosted Services) to the email
addresses specified in your Order when we have received payment of the applicable fees. All deliveries under this Agreement will be
electronic. For the avoidance of doubt, you are responsible for installation of any Software, and you acknowledge that Embold
Technologies has no further delivery obligation with respect to the Software after delivery of the license keys.
9.2 Payment
You agree to pay all fees in accordance with each Order. Unless otherwise specified in your Order, you will pay all amounts in EUROS at
the time you place your Order. Other than as expressly set forth in Section 18 (IP Indemnification by Embold Technologies), all amounts
are non-refundable, non-cancellable and non-creditable. In making payments, you acknowledge that you are not relying on future
availability of any Products beyond the current License Term or Subscription Term or any Product upgrades or feature enhancements. If
you add Authorized Users during your License Term or Subscription Term, we will charge you for the increased number of Authorized
Users pursuant to the then-currently applicable rates in your next billing cycle. You agree that we may bill your credit card for renewals,
additional users, and unpaid fees, as applicable. If you purchase any Products through a Reseller, you owe payment to the Reseller as
agreed between you and the Reseller, but you acknowledge that we may terminate your rights to use Products if we do not receive our
corresponding payment from the Reseller.
9.3 Taxes
Your payments under this Agreement exclude any taxes or duties payable in respect of the Products in the jurisdiction where the payment
is either made or received. To the extent that any such taxes or duties are payable by Embold Technologies, you must pay to Embold
Technologies the amount of such taxes or duties in addition to any fees owed under this Agreement. Notwithstanding the foregoing, you
may have obtained an exemption from relevant taxes or duties as of the time such taxes or duties are levied or assessed. In that case, you
will have the right to provide to Embold Technologies any such exemption information, and Embold Technologies will use reasonable
efforts to provide such invoicing documents as may enable you to obtain a refund or credit for the amount so paid from any relevant
revenue authority if such a refund or credit is available.
10 No-Charge Products
We may offer certain Products to you at no charge, including free accounts, trial use, and access to Beta Versions as defined below (“No-
Charge Products”). Your use of No-Charge Products is subject to any additional terms that we specify and is only permitted for the period
designated by us. You may not use No-Charge Products for competitive analysis or similar purposes. We may terminate your right to use
No-Charge Products at any time and for any reason in our sole discretion, without liability to you. You understand that any pre-release
and beta products we make available (“Beta Versions”) are still under development, may be inoperable or incomplete and are likely to
contain more errors and bugs than generally available Products. We make no promises that any Beta Versions will ever be made generally
available. In some circumstances, we may charge a fee in order to allow you to access Beta Versions, but the Beta Versions will still remain
subject to this Section 10 (No-Charge Products). All information regarding the characteristics, features or performance of Beta Versions
constitutes Embold Technologies’ Confidential Information. To the maximum extent permitted by applicable law, we disclaim all
obligations or liabilities with respect to No-Charge Products, including any Support and Maintenance, warranty, and indemnity obligations.
11 Restrictions
Except as otherwise expressly permitted in this Agreement, you will not: (a) rent, lease, reproduce, modify, adapt, create derivative works of, distribute, sell, sublicense, transfer, or provide access to the Products to a third party, (b) use the Products for the benefit of any third party, (c) incorporate any Products into a product or service you provide to a third party, (d) interfere with any license key mechanism in the Products or otherwise circumvent mechanisms in the Products intended to limit your use, (e) reverse engineer, disassemble, decompile, translate, or otherwise seek to obtain or derive the source code, underlying ideas, algorithms, file formats or non-public APIs to any Products, except as permitted by law, (f) remove or obscure any proprietary or other notices contained in any Product, or (g) publicly disseminate information regarding the performance of the Products.
12 Your Development of Add-Ons
12.1 License to Developer Guides
From time to time, Embold Technologies may publish SDK’s or API’s and associated guidelines (“Developer Guides”) to allow you to
develop plugins, extensions, add-ons or other software products or services that interoperate or are integrated with the Products (“Add-
Ons”). You may distribute your Add-Ons to third parties, but only for those Products permitted by Embold Technologies, and only in
accordance with the Developer Guides.
12.2 Conditions to Development of Add-Ons
Notwithstanding anything in this Agreement to the contrary, Embold Technologies has no support, warranty, indemnification or other
obligation or liability with respect to your Add-Ons or their combination, interaction or use with the Products. You shall indemnify, defend
and hold us harmless from and against any and all claims, costs, damages, losses, liabilities and expenses (including reasonable attorneys’
fees and costs) arising out of or in connection with any claim brought against us by a third party relating to your Add-Ons (including but
not limited to any representations or warranties you make about your Add-Ons) or your breach of this Section.
13 Ownership and Feedback
Products are made available on a limited license or access basis, and no ownership right is conveyed to you, irrespective of the use of terms such as “purchase” or “sale”. Embold Technologies and its licensors have and retain all right, title and interest, including all client’s intellectual property rights, in and to the Products (including all No-Charge Products), their “look and feel”, any and all related or underlying technology, and any modifications or derivative works of the foregoing created by or for Embold Technologies, including without limitation as they may incorporate Feedback. From time to time, you may choose to submit comments, information, questions, data, ideas, description of processes, or other information to Embold Technologies, including sharing Your Modifications or in the course of receiving Support and Maintenance (“Feedback”). Embold Technologies may in connection with any of its products or services freely use, copy, disclose, license, distribute and exploit any Feedback in any manner without any obligation, royalty or restriction based on client’s intellectual property rights or otherwise. No Feedback will be considered your Confidential Information, and nothing in this Agreement limits Embold Technologies’ right to independently use, develop, evaluate, or market products, whether incorporating Feedback or otherwise.
14 Confidentiality
Except as otherwise set forth in this Agreement, each party agrees that all code, inventions, know-how, business, technical and financial information disclosed to such party (“Receiving Party”) by the disclosing party (“Disclosing Party”) constitute the confidential property of the Disclosing Party (“Confidential Information”), provided that it is identified as confidential at the time of disclosure. Any Embold Technologies Technology and any performance information relating to the Products shall be deemed Confidential Information of Embold Technologies without any marking or further designation. Except as expressly authorized herein, the Receiving Party will hold in confidence and not use or disclose any Confidential Information. The Receiving Party’s nondisclosure obligation shall not apply to information which the Receiving Party can document: (i) was rightfully in its possession or known to it prior to receipt of the Confidential Information; (ii) is or has become public knowledge through no fault of the Receiving Party; (iii) is rightfully obtained by the Receiving Party from a third party without breach of any confidentiality obligation; or (iv) is independently developed by employees of the Receiving Party who had no access to such information. The Receiving Party may also disclose Confidential Information if so required pursuant to a regulation, law or court order (but only to the minimum extent required to comply with such regulation or order and with advance notice to the Disclosing Party). The Receiving Party acknowledges that disclosure of Confidential Information would cause substantial harm for which damages alone would not be a sufficient remedy, and therefore that upon any such disclosure by the Receiving Party the Disclosing Party shall be entitled to appropriate equitable relief in addition to whatever other remedies it might have at law.
15 Term and Termination
This Agreement is in effect for as long as you have a valid License Term or Subscription Term (the “Term”), unless sooner terminated as
permitted in this Agreement. Either party may terminate this Agreement before the expiration of the Term if the other party materially
breaches any of the terms of this Agreement and does not cure the breach within thirty (30) days after written notice of the breach. Either
party may also terminate the Agreement before the expiration of the Term if the other party ceases to operate, declares bankruptcy, or
becomes insolvent or otherwise unable to meet its financial obligations. You may terminate this Agreement at any time with notice to
Embold Technologies, but you will not be entitled to any credits or refunds as a result of convenience termination for prepaid but unused
Software, Hosted Services subscriptions, or Support and Maintenance. Except where an exclusive remedy may be specified in this
Agreement, the exercise by either party of any remedy, including termination, will be without prejudice to any other remedies it may have
under this Agreement, by law, or otherwise. Once the Agreement terminates, you (and your Authorized Users) will no longer have any
right to use or access any Products, or any information or materials that we make available to you under this Agreement, including Embold
Technologies Confidential Information. You are required to delete any of the foregoing from your systems as applicable (including any
third party systems operated on your behalf) and provide written certification to us that you have done so at our request. The following
provisions will survive any termination or expiration of this Agreement: Sections 7.7.2 (Indemnity for Your Data), 9.2 (Payment), 9.3 (Taxes),
10 (No-Charge Products) (disclaimers and use restrictions only), 11 (Restrictions), 12.2 (Conditions to Development of Add-Ons),13
(Ownership and Feedback), 14 (Confidentiality), 15 (Term and Termination), 16.2 (Warranty Disclaimer), 17 (Limitation of Liability), 19 (Third
Party Vendor Products), 22 (Dispute Resolution), and 24 (General Provisions).
16 Warranty and Disclaimer
16.1 Due Authority
Each party represents and warrants that it has the legal power and authority to enter into this Agreement, and that, if you are an entity,
this Agreement and each Order is entered into by an employee or agent of such party with all necessary authority to bind such party to
the terms and conditions of this Agreement.
16.2 WARRANTY DISCLAIMER
ALL PRODUCTS ARE PROVIDED “AS IS,” AND EMBOLD TECHNOLOGIES AND ITS SUPPLIERS EXPRESSLY DISCLAIM ANY AND ALL
WARRANTIES AND REPRESENTATIONS OF ANY KIND, INCLUDING ANY WARRANTY OF NON-INFRINGEMENT, TITLE, FITNESS FOR
A PARTICULAR PURPOSE, FUNCTIONALITY, OR MERCHANTABILITY, WHETHER EXPRESS, IMPLIED, OR STATUTORY. YOU MAY
HAVE OTHER STATUTORY RIGHTS, BUT THE DURATION OF STATUTORILY REQUIRED WARRANTIES, IF ANY, SHALL BE LIMITED TO
THE SHORTEST PERIOD PERMITTED BY LAW. EMBOLD TECHNOLOGIES SHALL NOT BE LIABLE FOR DELAYS, INTERRUPTIONS,
SERVICE FAILURES AND OTHER PROBLEMS INHERENT IN USE OF THE INTERNET AND ELECTRONIC COMMUNICATIONS OR
OTHER SYSTEMS OUTSIDE THE REASONABLE CONTROL OF EMBOLD TECHNOLOGIES. TO THE MAXIMUM EXTENT PERMITTED
BY LAW, NEITHER EMBOLD TECHNOLOGIES NOR ANY OF ITS THIRD PARTY SUPPLIERS MAKES ANY REPRESENTATION,
WARRANTY OR GUARANTEE AS TO THE RELIABILITY, TIMELINESS, QUALITY, SUITABILITY, TRUTH, AVAILABILITY, ACCURACY OR
COMPLETENESS OF ANY PRODUCTS OR ANY CONTENT THEREIN OR GENERATED THEREWITH, OR THAT: (A) THE USE OF ANY
PRODUCTS WILL BE SECURE, TIMELY, UNINTERRUPTED OR ERROR-FREE; (B) THE PRODUCTS WILL OPERATE IN COMBINATION
WITH ANY OTHER HARDWARE, SOFTWARE, SYSTEM, OR DATA; (C) THE PRODUCTS (OR ANY PRODUCTS, SERVICES,
INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE PRODUCTS) WILL MEET YOUR
REQUIREMENTS OR EXPECTATIONS); (D) ANY STORED DATA WILL BE ACCURATE OR RELIABLE OR THAT ANY STORED DATA WILL
NOT BE LOST OR CORRUPTED; (E) ERRORS OR DEFECTS WILL BE CORRECTED; OR (F) THE PRODUCTS (OR ANY SERVER(S) THAT
MAKE A HOSTED SERVICE AVAILABLE) ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
17 Limitation of Liability
NEITHER PARTY (NOR ITS SUPPLIERS) SHALL BE LIABLE FOR ANY LOSS OF USE, LOST OR INACCURATE DATA, FAILURE OF
SECURITY MECHANISMS, INTERRUPTION OF BUSINESS, COSTS OF DELAY OR ANY INDIRECT, SPECIAL, INCIDENTAL, RELIANCE
OR CONSEQUENTIAL DAMAGES OF ANY KIND (INCLUDING LOST PROFITS), REGARDLESS OF THE FORM OF ACTION, WHETHER
IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, EVEN IF INFORMED OF THE POSSIBILITY OF
SUCH DAMAGES IN ADVANCE. NEITHER PARTY’S AGGREGATE LIABILITY TO THE OTHER SHALL EXCEED THE AMOUNT ACTUALLY
PAID BY YOU TO US FOR PRODUCTS AND SUPPORT AND MAINTENANCE IN THE 12 MONTHS IMMEDIATELY PRECEDING THE
CLAIM. NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT, OUR AGGREGATE LIABILITY TO YOU IN RESPECT OF NO-
CHARGE PRODUCTS SHALL BE [EUR 50]. THIS SECTION 17 (LIMITATION OF LIABILITY) SHALL NOT APPLY TO (1) AMOUNTS OWED
BY YOU UNDER ANY ORDERS, (2) EITHER PARTY’S EXPRESS INDEMNIFICATION OBLIGATIONS IN THIS AGREEMENT, OR (3) YOUR
BREACH OF SECTION 11 (RESTRICTIONS). TO THE MAXIMUM EXTENT PERMITTED BY LAW, NO SUPPLIERS OF ANY THIRD PARTY
COMPONENTS INCLUDED IN THE PRODUCTS WILL BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER. The parties agree that
the limitations specified in this Section 17 (Limitation of Liability) will survive and apply even if any limited remedy specified in this
Agreement is found to have failed of its essential purpose.
18 IP Indemnification by Embold Technologies
We will defend you against any claim brought against you by a third party alleging that a Product, when used as authorized under this
Agreement, infringes a United States or European Union patent or registered copyright (a “Claim”), and we will indemnify you and hold
you harmless against any damages and costs finally awarded by a court of competent jurisdiction or agreed to settlement by Embold
Technologies (including reasonable attorneys’ fees) arising out of a Claim, provided that we have received from you: (a) prompt written
notice of the claim (but in any event notice in sufficient time for us to respond without prejudice); (b) reasonable assistance in the defense
and investigation of the claim, including providing us a copy of the claim and all relevant evidence in your possession, custody or control;
and (c) the exclusive right to control and direct the investigation, defense, and settlement (if applicable) of the claim. If your use of a
Product is (or in our opinion is likely to be) enjoined, if required by settlement, or if we determine such actions are reasonably necessary
to avoid material liability, we may, at our option and in our discretion: (i) procure a license for your continued use of the Product in
accordance with this Agreement; (ii) substitute a substantially functionally similar Product; or (iii) terminate your right to continue using
the Product and refund, in the case of Software, the license fee paid by you as reduced to reflect a three year straight-line depreciation
from the license purchase date, and in the case of a Hosted Service, any prepaid amounts for the terminated portion of the Subscription
Term. Embold Technologies’s indemnification obligations above do not apply: (1) if the Product is modified by any party other than Embold
Technologies, but solely to the extent the alleged infringement is caused by such modification; (2) if the Product is used in combination
with any non-Embold Technologies product, software or equipment, but solely to the extent the alleged infringement is caused by such
combination; (3) to unauthorized use of Products; (4) to any Claim arising as a result of (y) Your Data (or circumstances covered by your
indemnification obligations in Section 7.7.2 (Indemnity for Your Data)) or (z) any third-party deliverables or components contained with
the Products; (5) to any unsupported release of the Software; or (6) if you settle or make any admissions with respect to a claim without
Embold Technologies’s prior written consent. THIS SECTION 18 (IP INDEMNIFICATION BY EMBOLD TECHNOLOGIES) STATES OUR
SOLE LIABILITY AND YOUR EXCLUSIVE REMEDY FOR ANY INFRINGEMENT OF BOFROST* DIENSTLEISTUNGS GMBH & CO.
KGLECTUAL PROPERTY RIGHTS IN CONNECTION WITH ANY PRODUCT OR OTHER ITEMS PROVIDED BY EMBOLD TECHNOLOGIES
UNDER THIS AGREEMENT.
19 Third Party Vendor Products
Embold Technologies or third parties may from time to time make available to you (e.g., through the Embold Technologies website) third-
party products or services, including but not limited to add-ons and plugins as well as implementation, customization, training, and other
consulting services. If you procure any of these third party products or services, you do so under a separate agreement (and exchange of
data) solely between you and the third party vendor. Embold Technologies does not warrant or support non-Embold Technologies
products or services, whether or not they are designated by Embold Technologies as “verified” or otherwise, and disclaims all liability for
such products or services. If you install or enable any third party products or services for use with Embold Technologies products, you
acknowledge that Embold Technologies may allow the vendors of those products and services to access Your Data as required for the
interoperation and support of such add-ons with the Embold Technologies products. Embold Technologies shall not be responsible for
any disclosure, modification or deletion of Your Data resulting from any such access by third party add-on vendors.
20 Publicity Rights
We may identify you as an Embold Technologies customer in our promotional materials. You may request that we stop doing so by submitting an email to marketing@embold.io at any time. Please note that it may take us up to 90 days to process your request.
21 Improving Our Products
We are always striving to improve our Products. In order to do so, we need to measure, analyze, and aggregate how users interact with
our Products, such as usage patterns and characteristics of our user base. We collect and use analytics data regarding the use of our
Products as described in our Privacy Policy as described in our website (www.Embold Technologies.com/disclaimer)
22 Dispute Resolution
22.1 Dispute Resolution; Arbitration
In the event of any controversy or claim arising out of or relating to this Agreement, the parties hereto shall consult and negotiate with
each other and, recognizing their mutual interests, attempt to reach a solution satisfactory to both parties. If the parties do not reach
settlement within a period of 60 days, any unresolved controversy or claim arising out of or relating to this Agreement shall proceed to
binding arbitration under the Rules of Arbitration of the International Chamber of Commerce. The parties shall seek to mutually appoint
an arbitrator. If the parties cannot agree on a single arbitrator, then there shall be three (3) arbitrators: one selected by each party, and a
third selected by the first two. Arbitration will take place in [Frankfurt am Main, Germany]. All negotiations and arbitration proceedings
pursuant to this Section will be confidential and treated as compromise and settlement negotiations for purposes of all similar rules and
codes of evidence of applicable legislation and jurisdictions. The language of the arbitration shall be English.
22.2 Governing Law; Jurisdiction
This Agreement will be governed by and construed in accordance with the applicable laws of Germany. Each party irrevocably agrees
that any legal action, suit or proceeding that is not otherwise subject to the arbitration provisions of Section 22.1 (Dispute Resolution;
Arbitration) must be brought solely and exclusively in, and will be subject to the service of process and other applicable procedural rules
of Germany and each party irrevocably submits to the sole and exclusive personal jurisdiction of the courts in Germany, generally and
unconditionally, with respect to any action, suit or proceeding brought by it or against it by the other party. Notwithstanding the foregoing,
Embold Technologies may bring a claim for equitable relief in any court with proper jurisdiction.
22.3 Injunctive Relief; Enforcement
Notwithstanding the provisions of Section 22.1 (Dispute Resolution; Arbitration), nothing in this Agreement shall prevent either party from
seeking injunctive relief with respect to a violation of Bofrost* Dienstleistungs GmbH & Co. KG intellectual property rights, confidentiality
obligations or enforcement or recognition of any award or order in any appropriate jurisdiction.
23 Changes to this Agreement
We may update or modify this Agreement from time to time, including any referenced policies and other documents. If a revision
meaningfully reduces your rights, we will use reasonable efforts to notify you (by, for example, sending an email to the billing or technical
contact you designate in the applicable Order, through your Embold Technologies account, or in the Product itself). If we modify the
Agreement during your License Term or Subscription Term, the modified version will be effective upon your next renewal of a License
Term, Support and Maintenance term, or Subscription Term, as applicable. In this case, if you object to the updated Agreement, as your
exclusive remedy, you may choose not to renew, including cancelling any terms set to auto-renew. With respect to No-Charge Products,
accepting the updated Agreement is required for you to continue using the No-Charge Products. You may be required to click through
the updated Agreement to show your acceptance. If you do not agree to the updated Agreement after it becomes effective, you will no
longer have a right to use No-Charge Products. For the avoidance of doubt, any Order is subject to the version of the Agreement in effect
at the time of the Order.
24 General Provisions
Any notice under this Agreement must be given in writing. We may provide notice to you via email or through your account. Our notices
to you will be deemed given upon the first business day after we send it. You may provide notice to us by post to:
Embold Technologies GmbH Local district court: Frankfurt am Main,HRB 98216
VAT No. DE262184959
Tax No. 45/228/04940
Germany
Your notices to us will be deemed given upon our receipt. Neither party shall be liable to the other for any delay or failure to perform any obligation under this Agreement (except for a failure to pay fees) if the delay or failure is due to unforeseen events which are beyond the reasonable control of such party, such as a strike, blockade, war, act of terrorism, riot, natural disaster, failure or diminishment of power or telecommunications or data networks or services, or refusal of a license by a government agency. You may not assign this Agreement without our prior written consent. We will not unreasonably withhold our consent if the assignee agrees to be bound by the terms and conditions of this Agreement. We may assign our rights and obligations under this Agreement (in whole or in part) without your consent. This Agreement is the entire agreement between you and Embold Technologies relating to the Products and supersedes all prior or contemporaneous oral or written communications, proposals and representations with respect to the Products or any other subject matter covered by this Agreement. If any provision of this Agreement is held to be void, invalid, unenforceable or illegal, the other provisions shall continue in full force and effect. This Agreement may not be modified or amended by you without our written agreement (which may be withheld in our complete discretion without any requirement to provide any explanation). As used herein, “including” (and its variants) means “including without limitation” (and its variants). No failure or delay by the injured party to this Agreement in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder at law or equity. The parties are independent contractors. This Agreement shall not be construed as constituting either party as a partner of the other or to create any other form of legal association that would give one party the express or implied right, power or authority to create any duty or obligation of the other party.