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Terms & Conditions

Terms & Conditions

Order Form

The Order Form set forth above is valid only for the items listed in the order form. The price for individual items, and/or quantities different from those contained in the Order Form, may vary.

Pricing and Scope of Offer

Pricing included in this Order Form is an offer for the product quantities and term specified in this Order Form only. Nothing in this Order Form will impact pricing for previously purchased product licenses, support or future support renewals for previously purchased products. All licenses are on an annual basis and can be renewed yearly.

Fees

Customer will pay all fees specified in the Order Form. Except as otherwise specified herein or in a purchase order i) payment obligations are non-cancelable and fees paid are non-refundable and (ii) quantities purchased cannot be decreased during the relevant subscription term. (ii) quantities purchased cannot be decreased during the relevant subscription term.

Delivery Obligations

Customer agrees that purchases under this Quotation are not contingent on the delivery of any future functionality or features, and are not dependent on any oral or written comments made by SecuVal regarding future functionality or features.

Purchase Order

Purchase Order must reference the SecuVal BV Quotation number.

Sales Taxes

SecuVal BV retains the right to collect for any government imposed taxes, such as Sales & Use Tax, that are related to the past, present or future products and services provided to Customer by SecuVal BV. Customer understands their obligation to pay to SecuVal BV upon demand for any Sales and Use Tax amounts when they become due as a result of any Agreement for Services between the parties. The Customer obligation does not include Corporate Income Tax, Payroll Tax, and other State Franchise Tax due in the normal course of business by SecuVal BV.

Professional Services

Fees associated with Services purchased in response to this order form shall be billable upon receipt of a valid purchase order and due in accordance with the payment terms included herein. Client agrees that if it has not used the Services within one year, SecuVal BV has no further obligations and Client shall not be entitled to a refund. The quotation states SecuVal BV entire commitment to Client with regard to the services described and may only be modified by a Statement of Work signed by an authorized representative of both parties which references this quotation.

Payment Terms:

  1. The standard payment term is 30 days from invoice date.
  2. We offer we offer additional discount on immediate payment, please contact your contact person for more information. We can also offer additional discount for multiple year orders.
  3. Unless otherwise mentioned, all prices in the document are excluding VAT and any additional taxes.

Terms of Service

THIS END USER LICENSE AGREEMENT (“AGREEMENT”) GOVERNS THE USE OF THE SUBSCRIPTION SERVICES DESCRIBED HEREIN. BY ACCESSING AND USING THE SUBSCRIPTION SERVICES, YOU (“CUSTOMER”) ARE CONSENTING TO BE BOUND BY THIS AGREEMENT, INCLUDING ALL TERMS INCORPORATED BY REFERENCE. YOU AGREE THAT THIS AGREEMENT IS EQUIVALENT TO ANY WRITTEN NEGOTIATED AGREEMENT SIGNED BY YOU. IF YOU AGREE TO THESE TERMS ON BEHALF OF A BUSINESS OR A GOVERNMENT AGENCY, YOU REPRESENT AND WARRANT THAT YOU HAVE AUTHORITY TO BIND THAT BUSINESS TO THIS AGREEMENT, AND YOUR AGREEMENT TO THESE TERMS WILL BE TREATED AS THE AGREEMENT OF THE BUSINESS. IN THAT EVENT, “YOU” AND “YOUR” REFER HEREIN TO THAT BUSINESS. THE SUBSCRIPTION SERVICES ARE BEING LICENSED AND NOT SOLD TO YOU. SecuVal (SECUVAL BV) PERMITS YOU TO ACCESS AND USE THE SUBSCRIPTION SERVICES AND PURCHASE SUBSCRIPTION SERVICES ONLY IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT AND THE ORDER FORMS(S).

1. DEFINITIONS

“Subscription Services” means the cyber risk security service provided by SecuVal (SECUVAL BV), as specified on the Order Form.

“Order Form” means an ordering document that specifies the Subscription Services.

2. LICENSE GRANT

SecuVal (SECUVAL BV) agrees to make available to Customer the Subscription Services set forth in an applicable Order Form in accordance with the terms and conditions of this Agreement. SecuVal (SECUVAL BV) shall be responsible for providing the Subscription Services, and shall not be responsible for providing any service or product not described in this Agreement or applicable Order Form. SecuVal (SECUVAL BV) grants Customer a non­exclusive, non­transferable right to use the Subscription Services solely for Customer’s internal business purposes as set forth in this Agreement. Customer shall not (i) use the Subscription Services to store or distribute any information, material or data that is harassing, threatening, infringing, libelous, unlawful, obscene, or which violates the privacy or intellectual property rights of any third party, (ii) use the Services for any benchmarking or competitive purposes, including, without limitation, for the purpose of designing and/or developing any competitive services, (iii) sell, resell, rent, lease, offer any time sharing arrangement, service bureau or any service based upon, the Services, (iv) interfere with or disrupt the integrity or performance of the Subscription Services or third party data contained therein.

3. TERMINATION

3.1. Termination for Breach. Either Party may terminate this Agreement, or an Order Form, following a material breach of this Agreement so long as the terminating Party has given the other party at least thirty (30) days prior written notice of the breach and such breach is not cured within such thirty (30) day period. Termination for breach will not alter or affect the terminating party’s right to exercise any other remedies for breach.

3.2 Termination for Convenience. Customer may terminate an Order Form for convenience upon written notice to SecuVal (SECUVAL BV), provided that there shall be no refunds of any fees in the event of such termination under this Section 3.2.

4. INVOICES, PAYMENTS

4.1. Fees. The fees and payment terms for the Subscription Services rendered by SecuVal (SECUVAL BV) will be as set forth in the applicable Order Form.

4.2. Refunds. Except in the case of termination for SecuVal (SECUVAL BV)’s uncured breach, all payments are non­refundable.

5. INTELLECTUAL PROPERTY RIGHTS

5.1 Subscription Services. As between Customer and SecuVal (SECUVAL BV), SecuVal (SECUVAL BV) retains all right title and interest in and to the Subscription Services, including all intellectual property rights therein and thereto, and Customer acquires no rights with respect to the Subscription Services, by implication or otherwise, except for those expressly granted in this Agreement.

5.2 Suggestions. Customer hereby grants to SecuVal (SECUVAL BV) a royalty free, worldwide, transferable, sublicensable, irrevocable, perpetual license to use or incorporate into the Subscription Services any suggestions, enhancement requests, recommendations or other feedback related to the Subscription Services that is provided by Customer.

6. OBLIGATIONS OF CUSTOMER

6.1. Customer Obligations. Customer shall (i) use the Subscription Services solely in accordance with this Agreement and any applicable laws and be responsible for the compliance of all its users with the foregoing and (ii) notify SecuVal (SECUVAL BV) promptly of any unauthorized access to the information of the Subscription Services of which Customer becomes aware.

6.2. Authority, Compliance. Customer represents and warrants that (i) Customer has the ability and authority to enter into and perform its obligations under this Agreement and the Order Form and (ii) Customer will not, and will not allow others, to use the Subscription Services in a manner that is (i) restricted in Section 2 above, or (ii) prohibited by law or regulation.

7. WARRANTY AND DISCLAIMER

7.1. Authority. SecuVal (SECUVAL BV) represents and warrants that SecuVal (SECUVAL BV) has the power and authority to enter into and perform its obligations under this Agreement.

7.2. Compliant with Description. SecuVal (SECUVAL BV) represents and warrants that the Subscription Services provided will substantially conform to its description provided in any Order Form. In the event the Subscription Services do not conform to the description provided in any Order Form, SecuVal (SECUVAL BV) shall conform the Subscription Services to the descriptions within a reasonable period of time of being notified by Customer, and at no cost to Customer.

7.3. Service Level Agreement. The Subscription Services are provided under the Service Level Agreement attached hereto as Exhibit A.

7.4. Information Security. SecuVal (SECUVAL BV) has taken commercially reasonable steps to protect the information technology systems currently used in providing the Subscription Services. SecuVal (SECUVAL BV) has in place commercially reasonable disaster recovery plans, procedures and facilities for the Subscription Services and have taken commercially reasonable steps to safeguard the security of the Subscription Services.

7.5. DISCLAIMER. SecuVal (SECUVAL BV) PROVIDES ITS SUBSCRIPTION SERVICES FOR INFORMATIONAL PURPOSES AND DOES NOT WARRANT THAT THESE PRODUCTS AND SUBSCRIPTION SERVICES WILL IDENTIFY OR DETECT EVERY VULNERABILITY OR SECURITY ISSUE. SecuVal (SECUVAL BV) MAKES NO WARRANTY OR REPRESENTATION REGARDING THE SUBSCRIPTION SERVICES, ANY INFORMATION, MATERIALS, GOODS OR SERVICES OBTAINED THROUGH THE SUBSCRIPTION SERVICES, OR THAT THE SUBSCRIPTION SERVICES WILL MEET ANY CUSTOMER REQUIREMENTS. EXCEPT FOR THE LIMITED WARRANTIES SET FORTH ABOVE, SecuVal (SECUVAL BV) EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. SecuVal (SECUVAL BV) SHALL NOT BE RESPONSIBLE OR LIABLE FOR THE ACCURACY OR USEFULNESS OF ANY INFORMATION PROVIDED, OR FOR ANY USE OF SUCH INFORMATION BY CUSTOMERS OR OTHERS.

8. LIMITATION OF LIABILITY

EXCEPT FOR THE INDEMNIFICATION OBLIGATIONS UNDER SECTIONS 9 AND 10, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS OR GOODWILL, FOR ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT AND/OR AN ORDER FORM AND/OR ITS OR THEIR SUBJECT MATTER, WHETHER SUCH LIABILITY IS ASSERTED ON THE BASIS OF CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; AND EACH PARTY’S TOTAL LIABILITY FOR ANY CAUSE OF ACTION, CLAIM, DAMAGES, FEES, COSTS OR EXPENSES SHALL BE LIMITED TO THE AMOUNT PAID BY CUSTOMER TO SecuVal (SECUVAL BV) FOR THE SUBSCRIPTION SERVICES PROVIDED BY SecuVal (SECUVAL BV) UNDER THIS AGREEMENT DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE DATE ON WHICH THE CLAIM AT ISSUE ACCRUED. THE LIMITATIONS SET FORTH IN THIS SECTION 8 APPLY TO ALL CAUSES OF ACTION IN THE AGGREGATE. EACH PARTY ACKNOWLEDGES AND AGREES THAT THIS SECTION 8 REPRESENTS A REASONABLE ALLOCATION OF RISK AND THAT, IN THE ABSENCE OF THESE LIMITATIONS OF LIABILITY, THE TERMS OF THIS AGREEMENT WOULD BE SUBSTANTIALLY DIFFERENT.

9. CUSTOMER INDEMNIFICATION

Customer agrees to indemnify, defend, and hold harmless SecuVal (SECUVAL BV), its directors, officers, shareholders, employees and agents, and their respective successors, assigns, estates and heirs (the “SecuVal (SECUVAL BV) Indemnified Parties”) from and against any and all causes of action, losses, liabilities, claims, damages, obligations, fees, costs, expenses (including, without limitation, reasonable legal/attorney’s fees), brought by or owing to any third party and arising from or related to (i) any gross negligence or willful misconduct of Customer, (ii) any breach of restrictions in Section 2 of this Agreement, and (iii) any reliance by Customer upon the Subscription Services; provided, that SecuVal (SECUVAL BV) (i) promptly gives Customer written notice of the claim; (ii) gives Customer sole control of the defense and settlement of the claim (provided that Customer may not settle any Claim unless the settlement unconditionally releases SecuVal (SECUVAL BV) of all liability); and (iii) provides to Customer all reasonable assistance, at Customer’s expense.

10. CONFIDENTIALITY

Each party (“Receiving Party”) may, during the course of its provision and use of the Subscription Services hereunder, receive, have access to, and acquire information from discussions with the other party (‘Disclosing Party”) which may not be accessible or known to the general public, such as technical and business information concerning hardware, software, designs, specifications, techniques, processes, procedures, research, development, projects, products or services, business plans or opportunities, business strategies, finances, costs, vendors, penetration test results and other security information; defect and support information and metrics; and first and third party audit reports and attestations or customers and other third party proprietary or confidential information that Disclosing Party treats as confidential, (“Confidential Information”). Confidential Information shall not include information or materials that (a) were generally known to the public on the Effective Date; (b) become generally known to the public after the Effective Date, other than as a result of the act or omission of the Receiving Party; (c) were rightfully known to the Receiving Party prior to its receipt thereof from the Disclosing Party; (d) are or were disclosed by the Disclosing Party generally without restriction on disclosure; (e) the Receiving Party lawfully received from a third party without that third party’s breach of agreement or obligation of trust; or (f) are independently developed by the Receiving Party as shown by documents and other competent evidence in the Receiving Party’s possession. The Receiving Party shall not: (i) use any Confidential Information of the Disclosing Party for any purpose outside the scope of this Agreement, except with the Disclosing Party’s prior written permission, (ii) disclose or make the Disclosing Party’s Confidential Information available to any party, except those of its employees, contractors, and agents that have signed an agreement containing disclosure and use provisions substantially similar to those set forth herein and have a “need to know” in order to carry out the purpose of this Agreement. Each party agrees to protect the confidentiality of the Confidential Information of the other party in the same manner that it protects the confidentiality of its own proprietary and confidential information of like kind, but in no event shall either party exercise less than reasonable care in protecting such Confidential Information. If the Receiving Party is compelled by law to disclose Confidential Information of the Disclosing Party, it shall provide the Disclosing Party with prior notice of such compelled disclosure (to the extent legally permitted) and reasonable assistance

11. ANONYMOUS AGGREGATED DATA

Customer agrees that SecuVal (SECUVAL BV) may aggregate anonymous data generated by Customer (“Aggregated Anonymous Data”). Customer agrees that SecuVal (SECUVAL BV) will have the right to generate Aggregate Anonymous Data and that Aggregate Anonymous Data is the property of SecuVal (SECUVAL BV), which SecuVal (SECUVAL BV) may use for any business purpose during or after the term of this Agreement, including without limitation to develop and improve SecuVal (SECUVAL BV) products and services and to create and distribute reports and other materials. Customer is not responsible for SecuVal (SECUVAL BV)’s use of Aggregate Anonymous Data.

12. MISCELLANEOUS

12.1. Relationship of Parties. The performance by SecuVal (SECUVAL BV) of its duties and obligations under this Agreement shall be that of an independent contractor, and nothing in either agreement shall create or imply an agency relationship between SecuVal (SECUVAL BV) and Customer, nor will either agreement be deemed to constitute a joint venture or partnership between the Parties. Furthermore, the Parties agree that the relationship between SecuVal (SECUVAL BV) and Customer is non-exclusive.

12.2. Assignment. Neither party may assign its rights and obligations under this Agreement, either in whole or in part, without the express written consent of the other party; however, a party may assign such rights and obligations to an acquiring or successor entity in connection with a merger or acquisition, including the sale of all or substantially all of the assigning party’s assets. Any assignment in violation of this subsection 12.2 shall be void.

12.3. No Waiver. No waiver of any term or condition of this Agreement shall be construed as a waiver of any other term or condition, nor shall any waiver of any default under the same be construed as a waiver of any other default. No waiver of any provision hereof or any right or remedy hereunder shall be effective unless in writing and signed by the party against whom such waiver is sought to be enforced. No delay in exercising, no course of dealing with respect to, and no partial exercise of any right or remedy hereunder shall constitute a waiver of any other right or remedy, or future exercise thereof.

12.4. Severability. If any provision, or portion thereof, of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, such determination shall not impair or affect the validity, legality or enforceability of the remaining provisions of the relevant agreement, and each provision, or portion thereof, is hereby declared to be separate, severable and distinct and the Parties shall use their best efforts to agree upon a substitute provision that comports as closely as possible with the intent and effect of the stricken provision, failing which the court shall construe the relevant agreement to as closely as possible achieve the intention of the Parties had the stricken provision remained.

12.5. Amendment. No amendment, modification, change or discharge of this Agreement shall be valid unless in writing and signed by both Parties.

12.6. Survival. The Sections that are intended by their nature to survive termination or expiration shall survive any termination or expiration of this Agreement.

12.7. Force Majeure. Customer acknowledges that the Internet consists of multiple interconnected networks that are independently owned and that are not subject to SecuVal (SECUVAL BV)’s control and that SecuVal (SECUVAL BV) does not warrant the Subscription Services against failure, malfunction, or cessation of Internet services or connectivity by Internet service providers or any of the networks that make up the Internet that may make the Subscription Services temporarily or permanently unavailable. If the performance of any part of this Agreement by either party is prevented, hindered, delayed or otherwise made impracticable by reason of any flood, riot, fire, judicial or governmental action, act of terrorism, act of cyber-warfare, act of war, labor dispute, act of God or any other cause or causes beyond the control of either party, that party shall be excused from such performance to the extent that it is prevented, hindered or delayed by such cause or causes. If such hindrance persists for a period of thirty (30) days or more, then either party shall have the right to terminate each applicable Order and/or terminate this Agreement without penalty and/or liability.

12.9. Headings. Headings are used in this Agreement and all associated agreements are solely for convenience and shall not be deemed to affect in any manner the meaning or intent of the applicable agreement or any provision there/hereof.

12.11. Counterparts. Each Order, and by extension, this Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

12.12. Notices. All notices, unless specified as an “electronic notice,” due under the terms of this Agreement shall be given in writing and sent by registered mail, reputable express courier service, or shall be delivered by hand to the following addresses: If to SecuVal (SECUVAL BV): SecuVal (SECUVAL BV) Kingsfordweg 151, 1043GR Amsterdam, The Netherlands Attention: Director Operations. If to Customer: it shall be the address set forth in Order Form.

12.13. Choice of Law; Venue. The Agreement and all agreements associated herewith shall be governed in all respects by the laws of the Netherlands without regard to its conflict of laws principles, and all claims and/or lawsuits in connection with this Agreement, an Order Form, and/or any associated agreements must be brought in any court located in the Netherlands, and the Parties hereby irrevocably submit to the jurisdiction and venue of the court.

12.14. No Third Party Beneficiaries. The Parties do not intend to create any third-party beneficiaries of this Agreement, and nothing in this Agreement is intended, nor shall anything herein be construed to create any rights, legal or equitable, in any person other than the Parties to this Agreement.

EXHIBIT A: SERVICE LEVEL AGREEMENT

SERVICE LEVELS

The Support service is only applicable for customers who have bought a subscription service that explicitly states that the support shall be included. SecuVal (SECUVAL BV)’s support team can be reached at support@SecuVal.com (SECUVAL BV) and shall be available for all customer support requests during SecuVal (SECUVAL BV) business hours, 9am-5pm CEST Monday-Friday excluding Dutch National Holidays Incidents will be routed and addressed according to the following service levels (each, a “Service Level”):

Service Level: 1 – Critical Priority

Description: Incident that renders Services inoperative or causes Services to fail catastrophically.

Incident Resolution: Case will be opened upon receipt of request or identification of issue. Customer must be notified of the status of the issue within 1 hour. SecuVal (SECUVAL BV) shall use reasonable commercial efforts (including by diligently and continuously performing such services as may be necessary) to: (a) promptly replicate and verify the reported problem; and (b) arrive at a fix as promptly as possible.

Service Level: 2 – High Priority

Description: Incident that affects the operation of Services and degrades Company’s use of Services.

Incident Resolution: Case will be opened upon receipt of request or identification of issue. Customer must be notified of the status of the issue within 4 hours. SecuVal (SECUVAL BV) shall use reasonable commercial efforts (including by diligently and continuously performing such services as may be necessary) to: (a) promptly replicate and verify the reported problem; and (b) arrive at a fix as promptly as possible.

Service Level: 3 – Standard Priority

Description: Incident that affects the operation of Services but that does not degrade Company’s use of Services.

Incident Resolution: Case will be opened upon receipt of request. Customer must be notified of the status of the issue within 12 hours. SecuVal (SECUVAL BV) shall diligently perform, during normal business hours, such services as may be necessary to: (a) promptly begin work on error identification and verification; and (b) arrive at a fix as promptly as possible.