OVALBIS TERMS OF SERVICE

These Terms of Service ("Terms") govern your access to and use of:

The OVALBIS website;

OVALBIS Simulation;

OVALBIS Intelligence;

OVALBIS Business Engine;

Accounting and financial management features;

HR management features;

Inventory management features;

Sales and procurement features;

Tax-related tools;

Analytics and forecasting features;

Artificial intelligence features;

APIs and integrations;

Subscription plans;

Reports and other services provided by OVALBIS.

By creating an account or using OVALBIS, you agree to these Terms.

If you do not agree to these Terms, you should not use OVALBIS.

2. Definitions

For purposes of these Terms:

"OVALBIS"

Means the software platform and services operated by OVAL LTD.

"User"

Means an individual who accesses or uses OVALBIS.

"Business User"

Means an individual or organization using OVALBIS to manage or analyze an actual business.

"Simulation User"

Means an individual using OVALBIS Simulation for educational, training, experimentation, or entrepreneurial purposes.

"Company"

Means a business organization created, connected, or managed within OVALBIS.

"Business Data"

Means information entered, uploaded, generated, or stored by a user concerning a business.

"Simulation Data"

Means data generated through OVALBIS Simulation.

"Subscription"

Means a paid or free access plan that determines the features available to a user.

"AI Services"

Means artificial intelligence functionality provided through OVALBIS and, where applicable, third-party AI service providers.

3. Eligibility

You must meet the minimum legal age and capacity required to enter into a legally binding agreement under applicable law.

If you use OVALBIS on behalf of a company or organization, you represent that you have authority to accept these Terms on behalf of that organization.

Organizations may establish accounts for employees, students, trainees, contractors, or other authorized users.

4. OVALBIS Services

OVALBIS provides technology intended to help users:

Learn business management;

Simulate business decisions;

Manage real businesses;

Track business performance;

Manage accounting information;

Manage employees;

Manage inventory;

Manage sales;

Manage procurement;

Monitor business targets;

Analyze business performance;

Generate reports;

Obtain business insights;

Receive decision-support recommendations.

OVALBIS may add, modify, suspend, or discontinue features from time to time.

5. OVALBIS Simulation

OVALBIS Simulation provides a virtual business environment where users can practice business decision-making.

Simulation features may include:

Pricing decisions;

Hiring;

Marketing;

Procurement;

Sales;

Inventory;

Financing;

Taxation;

Competition;

Market conditions;

Business growth;

Profit and loss;

Market share;

Business risks;

Economic events;

Business targets;

Performance scores.

Simulation results are generated from models, rules, assumptions, and simulated conditions.

Simulation results are not guarantees of real-world business performance.

A strategy that succeeds in simulation may fail in an actual business.

Users should not treat simulation outcomes as financial, investment, legal, tax, or business guarantees.

6. OVALBIS Intelligence

OVALBIS Intelligence provides tools designed to help real businesses understand and manage business information.

Features may include:

Business dashboards;

Financial analysis;

Sales analysis;

Inventory analysis;

HR analysis;

Procurement analysis;

Business health indicators;

Performance monitoring;

Target setting;

Milestone tracking;

Forecasting;

Risk indicators;

Recommendations;

AI-assisted business analysis.

OVALBIS Intelligence is a decision-support system.

It does not guarantee that a business will become profitable, grow, avoid losses, or achieve a particular outcome.

7. Accounting and Financial Features

OVALBIS may provide functionality for:

Recording transactions;

Managing accounts;

Generating journals;

Managing ledgers;

Trial balances;

Profit and loss statements;

Balance sheets;

Cash-flow statements;

Accounts receivable;

Accounts payable;

Budgets;

Payroll;

Other financial reports.

Users are responsible for ensuring that the information entered into OVALBIS is complete and accurate.

OVALBIS is a software tool and does not replace a qualified accountant, auditor, financial adviser, or other professional.

Users should review financial reports before relying on them for official, regulatory, tax, investment, lending, or other important purposes.

8. Taxation Features

OVALBIS may provide tools for estimating, recording, organizing, or analyzing tax-related information.

Tax rules may change and may differ by:

Country;

Region;

Industry;

Business type;

Taxpayer status;

Tax period.

OVALBIS does not guarantee that tax calculations or information are complete, current, or legally applicable to every user.

Users remain responsible for determining their actual tax obligations and complying with applicable tax laws.

Professional tax advice should be obtained when necessary.

9. HR and Payroll Features

OVALBIS may provide HR and payroll management features.

Users are responsible for:

Entering accurate employee information;

Obtaining required permissions;

Managing employee access;

Applying appropriate employment rules;

Reviewing payroll calculations;

Complying with employment and privacy laws.

OVALBIS does not become the employer of employees managed through the platform.

10. Inventory, Sales, and Procurement

OVALBIS may provide tools for:

Product management;

Inventory tracking;

Stock movements;

Purchases;

Supplier management;

Sales;

Customer management;

Invoices;

Orders;

Payments;

Inventory forecasting.

Users are responsible for verifying actual physical inventory, sales, purchases, payments, and other business activities.

11. User Accounts

You are responsible for:

Providing accurate registration information;

Keeping your login credentials confidential;

Protecting your account;

Maintaining appropriate access permissions;

Not sharing your password;

Immediately reporting suspected unauthorized access.

You are responsible for activities performed through your account unless you can demonstrate that unauthorized access occurred without your fault.

12. Business Accounts and Team Members

Business accounts may allow multiple users.

The business administrator may assign roles such as:

Owner;

Administrator;

Accountant;

HR Manager;

Sales Manager;

Inventory Manager;

Procurement Manager;

Analyst;

Employee;

Other authorized roles.

Business administrators are responsible for assigning appropriate permissions.

They must not grant access beyond what a user reasonably needs to perform their role.

13. Business Data

You retain your rights to Business Data that you provide to OVALBIS, subject to the rights necessary for OVALBIS to operate the service.

You grant OVALBIS the limited rights necessary to:

Store Business Data;

Process Business Data;

Display Business Data;

Generate reports;

Perform calculations;

Provide analytics;

Provide requested AI functionality;

Back up data;

Secure the platform;

Provide customer support;

Improve platform functionality where permitted.

OVALBIS does not acquire ownership of your confidential business information merely because you store it on the platform.

14. Accuracy of Information

You are responsible for information you enter into OVALBIS.

You must not intentionally provide:

False information;

Fraudulent records;

Misleading financial information;

Unauthorized personal information;

Malicious files;

Information that violates another person's rights.

OVALBIS may provide validation mechanisms, but users remain responsible for reviewing their data.

15. AI Features

OVALBIS may use third-party AI services to provide AI-powered functionality.

AI features may include:

Business question answering;

Business analysis;

Financial explanation;

Strategic recommendations;

Report interpretation;

Forecast interpretation;

Business coaching;

Simulation coaching.

AI-generated outputs may be inaccurate, incomplete, outdated, or inappropriate.

You should independently verify important AI-generated information.

AI output should not automatically be considered:

Legal advice;

Tax advice;

Accounting advice;

Investment advice;

Financial advice;

Employment advice;

Professional business advice.

OVALBIS may limit AI usage according to your subscription plan.

16. AI Data Processing

When you use an AI feature, relevant information may be processed by an external AI service provider.

OVALBIS will seek to send only information reasonably necessary for the requested AI functionality.

Users should not intentionally submit highly sensitive information through unrestricted AI prompts unless the applicable feature expressly permits such information.

Additional information about AI data processing is provided in the OVALBIS Privacy Policy.

17. Recommendations and Forecasts

OVALBIS may provide:

Recommendations;

Forecasts;

Risk assessments;

Business health scores;

Predictions;

Suggested strategies.

These outputs are decision-support tools.

They are based on available data, algorithms, assumptions, models, and/or AI-generated analysis.

No recommendation or forecast constitutes a guarantee of future results.

Users are responsible for evaluating recommendations before taking action.

18. Prohibited Uses

You must not use OVALBIS to:

Commit fraud;

Launder money;

Conduct illegal activities;

Violate applicable laws;

Infringe intellectual property rights;

Attack or compromise the platform;

Circumvent security controls;

Attempt unauthorized access;

Introduce malware;

Reverse engineer the platform except where legally permitted;

Scrape the platform without authorization;

Abuse APIs;

Circumvent subscription restrictions;

Create fraudulent business records for unlawful purposes;

Interfere with another user's account;

Upload information without appropriate authorization.

19. Financial and Business Misuse

OVALBIS must not be used to create or manipulate records for fraudulent purposes.

Examples include intentionally creating false:

Invoices;

Financial statements;

Payroll records;

Tax records;

Business transactions;

Inventory records.

OVALBIS may suspend accounts where there is reasonable evidence of serious misuse.

20. Subscription Plans

OVALBIS may offer different subscription plans, which may include:

Free;

Starter;

Basic;

Standard;

Gold;

Enterprise.

Each plan may provide different:

Features;

Usage limits;

Number of users;

Number of businesses;

Storage limits;

AI usage;

Reports;

Analytics;

Support levels.

OVALBIS may change plan features over time, subject to applicable contractual obligations.

21. Free Plans

Some OVALBIS services may be offered without payment.

Free plans may include limitations such as:

Limited features;

Limited storage;

Limited AI usage;

Limited businesses;

Limited reports;

Limited users.

OVALBIS may modify free-plan features where legally permitted.

22. Paid Subscriptions

Paid subscriptions may be billed:

Monthly;

Annually;

Or according to another billing period displayed at purchase.

The applicable price will be presented before payment.

Unless otherwise stated, subscription fees are non-refundable except where required by applicable law or where OVALBIS expressly provides a refund.

23. Subscription Renewal

Where automatic renewal is enabled, a subscription may automatically renew at the end of the applicable billing period.

Users may cancel automatic renewal according to the subscription-management procedures provided by OVALBIS.

Cancellation normally prevents future renewal but may not automatically refund an already-paid billing period unless required by applicable law or expressly provided by OVALBIS.

24. Payment Processing

Payments may be processed through third-party payment providers.

OVALBIS may not directly store complete payment-card information where payment processing is performed by a third-party provider.

Payment providers may have separate terms and privacy policies.

25. Failed Payments

If a payment fails, OVALBIS may:

Notify the account holder;

Retry payment;

Restrict paid features;

Downgrade the account;

Suspend the subscription.

Users remain responsible for applicable unpaid amounts.

26. Cancellation

You may cancel your subscription according to the available account-management procedures.

Cancellation does not automatically erase Business Data unless data deletion is separately requested or required under applicable law.

27. Suspension and Termination

OVALBIS may suspend or terminate access where reasonably necessary because of:

Serious violation of these Terms;

Fraud;

Illegal activity;

Security threats;

Abuse of the platform;

Non-payment;

Unauthorized access;

Attempts to compromise the platform;

Other circumstances permitted by applicable law.

Where reasonably possible, OVALBIS may provide notice before suspension unless immediate action is necessary for security or legal reasons.

28. Data After Termination

After account termination, users may lose access to OVALBIS services.

Where applicable, OVALBIS may provide a reasonable period during which users can export certain Business Data.

OVALBIS may retain information where necessary for:

Legal compliance;

Security;

Fraud prevention;

Accounting;

Dispute resolution;

Backup systems;

Enforcement of agreements.

Data retention and deletion are further addressed in the Privacy Policy.

29. Intellectual Property

OVALBIS and its underlying technology, including:

Software;

Source code;

Interface designs;

Logos;

Branding;

Documentation;

Algorithms;

Databases;

Graphics;

Platform architecture;

OVALBIS trademarks;

are owned by or licensed to OVAL LTD unless otherwise stated.

These Terms do not transfer ownership of OVALBIS intellectual property to users.

30. User Content

You retain ownership of content and information you provide to OVALBIS, subject to the rights granted to OVALBIS to operate the service.

You represent that you have the necessary rights to upload and use such content.

31. Feedback

If you voluntarily provide suggestions, ideas, feature requests, or feedback about OVALBIS, you grant OVAL LTD permission to use that feedback to improve its products and services without an obligation to compensate you, unless otherwise agreed in writing.

32. Third-Party Services

OVALBIS may integrate with third-party services.

These may include:

Payment providers;

AI providers;

Cloud infrastructure;

Email providers;

Authentication services;

Analytics providers;

Other business software.

Third-party services may have their own terms and privacy policies.

OVALBIS is not responsible for services outside its reasonable control.

33. Availability

We aim to keep OVALBIS available and reliable.

However, the service may occasionally become unavailable due to:

Maintenance;

Updates;

Technical failures;

Security incidents;

Internet failures;

Cloud infrastructure problems;

Third-party service failures;

Events beyond our reasonable control.

We do not guarantee uninterrupted availability unless a specific service-level agreement provides otherwise.

34. Backups

OVALBIS may maintain backups to help protect against data loss.

Backups are not a substitute for users maintaining their own appropriate records and exports.

Where the platform provides data-export functionality, businesses should periodically maintain appropriate copies of important business records.

35. Security

We implement reasonable technical and organizational measures designed to protect OVALBIS.

However, no online system can guarantee absolute security.

Users must also protect their accounts and credentials.

36. Confidentiality

OVALBIS will treat confidential Business Data according to the Privacy Policy and applicable contractual obligations.

Users should not use OVALBIS as a substitute for specialized secure systems where legally mandated security requirements exceed OVALBIS's available controls.

Enterprise customers may be offered additional contractual confidentiality and security terms.

37. Educational Use

OVALBIS Simulation may be used by:

Students;

Universities;

Schools;

Training institutions;

Entrepreneurship programs;

Business incubators;

Other educational organizations.

Educational institutions may establish separate agreements with OVAL LTD for institutional use.

38. Student and Minor Users

Where OVALBIS is used by minors or students below the applicable age of legal consent, the responsible educational institution, parent, guardian, or other authorized party may need to provide appropriate authorization depending on applicable law.

OVALBIS should not be used to collect children's personal information unlawfully.

39. No Guarantee of Business Success

OVALBIS does not guarantee:

Profit;

Revenue growth;

Business survival;

Market success;

Investment returns;

Customer growth;

Employment outcomes;

Tax savings;

Business valuation;

Successful business decisions.

Business results depend on many factors outside the control of OVALBIS.

40. Professional Advice

OVALBIS is not a replacement for qualified professionals.

Users should seek appropriate professional advice concerning matters such as:

Tax;

Accounting;

Auditing;

Law;

Investment;

Finance;

Employment;

Corporate governance.

41. Limitation of Liability

To the maximum extent permitted by applicable law, OVAL LTD will not be responsible for indirect, incidental, special, consequential, or punitive damages arising from use of the platform.

This may include losses resulting from:

Business interruption;

Loss of profits;

Loss of business opportunities;

Incorrect decisions;

Reliance on AI output;

Reliance on forecasts;

Data-entry errors;

Third-party service failures;

Unauthorized account access caused by inadequate user security.

Nothing in these Terms excludes liability that cannot legally be excluded or limited.

42. User Responsibility

Users are responsible for:

Their business decisions;

Their financial decisions;

Data entered into the platform;

Verification of reports;

Verification of tax information;

Verification of AI recommendations;

Maintaining appropriate access controls;

Compliance with applicable laws.

43. Indemnification

To the extent permitted by applicable law, users may be responsible for claims, losses, damages, or expenses arising from:

Their unlawful use of OVALBIS;

Their violation of these Terms;

Their infringement of third-party rights;

Unauthorized data they upload;

Fraudulent activities;

Misuse of the platform.

The scope of indemnification may be further defined in enterprise agreements where applicable.

44. Changes to the Service

OVAL LTD may modify OVALBIS from time to time.

Changes may include:

New features;

Feature improvements;

Security updates;

Interface changes;

Changes to integrations;

Removal of obsolete features.

Where a material change substantially affects a paid service, we will seek to provide reasonable notice where required.

45. Changes to These Terms

We may update these Terms periodically.

The updated version will contain a revised "Last Updated" date.

Where required by law, we may provide additional notice of material changes.

Continued use of OVALBIS after the effective date of updated Terms may constitute acceptance where permitted by applicable law.

46. Governing Law

These Terms shall be governed by the applicable laws specified in the final legal version of these Terms.

For the initial OVAL LTD implementation, the governing-law and dispute-resolution provisions should be reviewed and finalized by qualified legal counsel based on:

OVAL LTD's legal structure;

Place of incorporation;

Primary operating jurisdiction;

Target markets;

Applicable data-protection laws;

Consumer-protection laws;

International users.

47. Dispute Resolution

Where permitted by applicable law, parties should first attempt to resolve disputes through good-faith communication.

If a dispute cannot be resolved informally, it may be referred to the appropriate dispute-resolution mechanism or court having jurisdiction under the final governing-law provisions.

Enterprise customers may have separate dispute-resolution provisions.

48. Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will remain in effect to the extent permitted by applicable law.

49. Entire Agreement

These Terms, together with applicable policies and agreements referenced herein, constitute the agreement governing your use of OVALBIS unless a separate written agreement applies.

For enterprise customers, a signed agreement may supplement or supersede provisions of these Terms where expressly stated.

50. Contact Information

For questions concerning these Terms, please contact:

OVAL LTD

Platform: OVALBIS

Email: [legal@yourdomain.com]

Website: [https://www.yourdomain.com]

Business Address: [Insert registered address]

51. Related Policies

Your use of OVALBIS may also be governed by:

OVALBIS Privacy Policy;

OVALBIS Cookie Policy;

OVALBIS Acceptable Use Policy;

OVALBIS Data Processing Agreement;

Subscription and Billing Terms;

Enterprise Agreement;

Service Level Agreement, where applicable.

OVALBIS TERMS VERSION

Document: OVALBIS Terms of Service Version: 1.0 Owner: OVAL LTD Effective Date: [10/08/2026] Last Updated: [01/09/2026]