Terms of Use for AI Trading Robots
Agreement Overview
This Terms of Use Agreement ("Agreement") is entered into by and between SpareCash SRL ("Licensor") and the user ("Licensee") of the AI Trading Robots. By purchasing a license, the Licensee agrees to be bound by the terms and conditions set forth in this document.
Definitions
License Grant
SpareCash SRL grants the Licensee a non-exclusive, tier-based license to use the AI Trading Robots, subject to this Agreement's terms.
License Packages and Fees
Licensees may select from various packages, each with specific fees, features, and benefits, detailed further in Annex A. Options range from the Standard Package to the Elite Package, with varying levels of support, features, and licensing fees.
Payment Terms
License fees/profiit split gains are due monthly, with detailed payment arrangements and possible discounts for multiple Robots outlined in an additional agreement. Failure to remit payment voids all agreements with SpareCash SRL
Guarantees:
Guaranteed Profit Percentage for each package as the percentage indicated will be calculated from any series of trades made within 1 calander month or in the case of swing trades that hold over one month the percentage of the trading balance that has been increased. Any percentage that is made over the Guaranteed Profit Percentage will be used in subsequent months.
(Example 1. Month 1 your robot trades with $1000 in the first trade executed the trade nets $300. If your calculated gain is greater than double the Guaranteed Profit Percent. The Licensee agrees to pay the following months invoice regardless of the following months performance.)
(Continuing on Example 1. If the calculated gain reaches greater than triple the Guaranteed Profit Percentage the licensee agrees to continue monthly payments for an additional 2 subsequent months regardless of performance within those months.)
(Example 2. Month 1 your robot trades $1000 it stays in one trade for more than 4 weeks and it's current gain over traded funds is $1200, but the trade remains open. The gain of 120% will be calculated as the current months gain percentage and the licensee agrees to submit payments as agreed to regardless of the fact the trade has not closed.)
(Example 3. You are a legacy Robot user, you will not be invoiced regardless of any messages sent via telegram to the contrary.)
Maintenance and Downtime
SpareCash SRL commits to maintaining a functional operating environment. Licensee acknowledges that downtime for maintenance or updates is necessary and not subject to penalties.
Intellectual Property
All rights to the Robots remain with SpareCash SRL. The Licensee is granted use of the Robots without acquiring ownership.
Termination
Failure to adhere to any term may result in license termination. Certain sections will survive the termination of this Agreement.
Limitation of Liability
SpareCash SRL its officers and directors, affiliates or licensees are not liable for financial losses incurred through Robot use. The Robots are provided "as is," with no warranties beyond those explicitly stated.
Dispute Resolution
Disputes under this Agreement will be resolved through arbitration in Romania.
Governing Law
This Agreement is governed by Romanian law, excluding conflict of law principles.
Digital Acceptance
By licensing AI Trading Robots from SpareCash SRL, the Licensee accepts these terms and conditions.