Terms of Service

These Terms of Service ("Terms") govern your access to and use of the lease abstraction software and related websites provided by Leaseabstracts ("Leaseabstracts," "we," "us," or "our") (the "Service"). By creating an account, accessing, or using the Service, you agree to these Terms. If you are using the Service on behalf of an organization, you represent that you have authority to bind that organization, and "you" refers to that organization.

1. Acceptance of terms

By accessing or using the Service you accept these Terms and our Privacy Policy. If you do not agree, do not use the Service. We may require you to accept updated terms to continue using the Service.

2. Description of the Service

The Service is software that uses artificial intelligence to read commercial lease documents you upload and produce a structured abstract of dates, rent and escalation terms, options, charges, clauses, and similar fields, with links back to the source document. The Service is a productivity tool. It is not a law firm, accounting firm, or brokerage, and it does not provide legal, tax, accounting, brokerage, or other professional advice. Output generated by the Service is provided for your review and must be verified and approved by a qualified person before you rely on it for any decision. You are responsible for the use of any output.

3. Accounts

You must provide accurate information when creating an account and keep it current. You are responsible for maintaining the confidentiality of your credentials and for all activity under your account. Notify us promptly of any unauthorized use. You must be at least 18 years old and able to form a binding contract to use the Service.

4. Acceptable use

You agree not to:

• Upload content you do not have the right to upload or process, or that infringes the rights of others.
• Use the Service in violation of any applicable law or regulation.
• Attempt to gain unauthorized access to the Service, other accounts, or our systems, or interfere with or disrupt the Service.
• Reverse engineer, scrape, resell, or build a competing product from the Service except to the extent this restriction is prohibited by law.
• Introduce malware or use the Service to transmit unlawful, harmful, or abusive material.

5. Your content and documents

You retain all ownership of the lease documents and other content you upload ("Your Content"). You grant us a limited, non-exclusive license to host, store, process, and display Your Content solely to operate and provide the Service to you, including running AI extraction and generating abstracts. We do not use Your Content to train, fine-tune, or improve machine learning models, and we do not sell it. You are responsible for ensuring you have the rights to upload Your Content and for the accuracy of what you provide.

6. No warranty of accuracy; tool, not advice

The Service is provided "as is" and "as available," without warranties of any kind, whether express, implied, or statutory, including any implied warranties of merchantability, fitness for a particular purpose, accuracy, and non-infringement. AI extraction can contain errors, omissions, and misclassifications, particularly with complex, scanned, or ambiguous documents. We do not warrant that the Service or any output will be accurate, complete, error-free, or uninterrupted. You acknowledge that the output is a draft to be reviewed and that you, not Leaseabstracts, are responsible for verifying it and for any decisions made using it.

7. Limitation of liability

To the maximum extent permitted by law, Leaseabstracts and its suppliers will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, goodwill, or business, arising out of or related to your use of or inability to use the Service, even if advised of the possibility of such damages. To the maximum extent permitted by law, our total aggregate liability for any claim arising out of or related to the Service or these Terms will not exceed the amounts you paid to us for the Service in the twelve months preceding the event giving rise to the claim, or one hundred U.S. dollars if you have paid nothing.

8. Fees and subscriptions

Paid plans are billed in advance on a recurring basis through our payment processor. Unless otherwise stated, fees are non-refundable except as required by law. We may change pricing on a prospective basis with notice. You are responsible for applicable taxes.

9. Termination

You may stop using the Service and cancel your subscription at any time. We may suspend or terminate your access if you breach these Terms, if required by law, or to protect the Service or other users. Upon termination, your right to use the Service ends, and we will handle Your Content as described in our Privacy Policy, including deletion controls available to you. Sections that by their nature should survive termination will survive.

10. Governing law

These Terms are governed by the laws of the State of Delaware, United States, without regard to its conflict-of-laws rules. You agree to the exclusive jurisdiction of the state and federal courts located in Delaware for any dispute that is not subject to arbitration or small-claims resolution, to the extent permitted by applicable law.

11. Changes to these terms

We may update these Terms from time to time. When we make material changes, we will update the date above and, where appropriate, notify you. Your continued use of the Service after an update means you accept the revised Terms.

12. Contact us

Questions about these Terms can be sent to [email protected].