Platform Terms

Last updated: August 6, 2024

Overview

These terms govern the relationship between Wult ApS (Danish business reg. 40692967, A.P. Møllers Allé 43B, 2791 Dragør, Denmark) and customers using Wult Services.

Key Definitions

The agreement defines essential terms including "Wult Services" as data extraction and collection services, "Customer Data" as submitted information, "Acceptable Use Policy," and "Personal Data" under applicable data protection legislation.

Services Provided

Wult offers data extraction/collection of customer data and publicly available data. The company provides platform access for internal business purposes, support services, and periodic upgrades that don't disable existing functionality.

Customer Obligations

Customers must identify and authenticate users, ensure compliance, and follow usage restrictions. The Customer shall not access the Wult Services in order to build a competitive product and cannot permit unauthorized third-party access.

Payment Terms

Fees are non-cancellable and non-refundable, payable within 30 days. All amounts exclude taxes, which customers must cover. Late payments incur interest per Danish law.

Suspension Rights

Wult may suspend services with 24-hour notice for policy violations or after 30 days of non-payment (with 7-day advance notice for undisputed fees).

Intellectual Property

Customers retain ownership of their data. Wult reserves all IP rights to its services. Wult may analyse Customer Data for security and operations management and for statistical analysis.

Confidentiality

Parties protect disclosed information and may only disclose if legally compelled (with prior notice when permitted).

Privacy & Data Protection

Wult acts as a data processor or independent controller depending on service type, complying with GDPR Article 28 requirements where applicable.

Warranties & Disclaimers

Wult warrants valid agreement entry and service performance per specifications. The company disclaims merchantability and fitness for particular purposes to maximum extent allowed by law.

Indemnification

Both parties indemnify each other against third-party IP claims arising from their respective breaches or data.

Liability Limits

Maximum liability equals 12 months of paid fees, except for personal injury, fraud, or gross negligence claims.

Term & Termination

The agreement continues for the specified term with no convenience termination. Either party may terminate for material breach (30-day cure period) or insolvency.

Governing Law

Danish law governs the agreement. Disputes proceed through informal negotiation, then binding arbitration in Copenhagen under Danish Institute of Arbitration Rules (simplified arbitration for claims under USD 50,000).