Last Updated: 11/19/2024
1. Agreement to Our Legal Terms
By accessing and using the services provided by ContractPower, Inc. ("Company," "we," "us," or "our"), you agree to comply with these legally binding Terms of Use (the "Terms"). These Terms govern your use of our website, platform, and any related services or content. If you do not agree to these Terms, you are prohibited from using our services and must discontinue use immediately.
We may modify these Terms at any time for any reason. Changes will be indicated by an updated "Last Updated" date, and continued use of our services after such changes signifies acceptance. It is your responsibility to review these Terms periodically.
2. Our Services
ContractPower provides various services designed for contract analysis, compliance tracking, regulatory adherence, and diligence tasks. These services include, but are not limited to, the extraction and summarization of contract terms, identifying compliance items, and providing insights for regulatory alignment. The information and tools provided by ContractPower are intended to assist with operational decision-making and risk management. However, these services do not constitute legal advice, and users should consult qualified legal professionals when making legally binding decisions based on contract information.
3. Intellectual Property Rights
Our Intellectual Property
We own or are the licensee of all intellectual property rights in our services, including source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics (collectively, the "Content") and any trademarks, service marks, and logos ("Marks"). Our Content and Marks are protected by copyright, trademark, and other intellectual property laws in the U.S. and other jurisdictions. The Content and Marks are provided "AS IS" for personal, non-commercial use or internal business purposes only.
Your Use of Our Services
Subject to compliance with these Terms, we grant you a non-exclusive, non-transferable, revocable license to access and use our services. Except as explicitly allowed in these Terms, you may not reproduce, aggregate, republish, upload, post, publicly display, translate, transmit, distribute, sell, license, or otherwise exploit any part of our Content or Marks without our written permission.
4. User Representations
By using the services, you represent and warrant that:
- You have the legal capacity to agree to these Terms.
- You will not use our services for any unauthorized or illegal purpose.
- Your use of the services will not violate any applicable law or regulation.
- You will not access the services through automated or non-human means.
- If you provide any false or incomplete information, we may suspend or terminate your account.
5. Prohibited Activities
You may not use our services for purposes other than those intended. Prohibited activities include, but are not limited to:
- Data scraping or data mining of our Content.
- Defrauding or misleading us or other users.
- Uploading or transmitting viruses or other harmful code.
- Attempting to interfere with the services’ security features.
6. Compliance and Regulatory Tracking Disclaimer
ContractPower provides tools for document analysis, compliance identification, and regulatory tracking. The insights and analyses generated by our services are based on interpretations of the contract content. ContractPower does not guarantee the completeness or suitability of this information for legal purposes, and we are not liable for any actions taken based on these outputs. Users should verify all information before making operational or legal decisions.
7. Data Retention and Disposal
Data Retention
Customer data will be retained for as long as the Customer account is active or as necessary to fulfill contractual or legal obligations. Upon termination of your use of the services, ContractPower, Inc will retain Customer data for no longer than 30 days unless otherwise required by law or your written instructions. Any data retained beyond this period will be anonymized or securely destroyed in accordance with ContractPower’s Data Retention and Disposal Policy.
Data Disposal
Upon written request or termination of services, ContractPower will securely delete or destroy Customer data within 30 days. ContractPower may retain data necessary for compliance with legal obligations, resolution of disputes, or enforcement of these Terms, including proof of contract. Hosting and service providers are required to follow NIST Guidelines for Media Sanitization (NIST S.P. 800-88 Rev. 1) during data disposal.
8. Security and Compliance
Data Security Commitments
ContractPower implements and maintains administrative, physical, and technical safeguards to protect Customer data against unauthorized access, disclosure, alteration, or destruction. These measures include, but are not limited to:
- Encryption of data in transit and at rest.
- Continuous monitoring and auditing of systems to identify and mitigate vulnerabilities.
- Incident response protocols to promptly address security breaches.
Compliance with Industry Standards
ContractPower adheres to recognized industry standards, including SOC2, to ensure the confidentiality, integrity, and availability of Customer data. ContractPower regularly undergoes audits and assessments to validate compliance with these standards and updates its practices as necessary to align with evolving legal and regulatory requirements.
Customer Responsibilities
Customers are responsible for:
- Maintaining the confidentiality of their account credentials.
- Ensuring secure use of the services.
- Complying with applicable laws related to their data and use of the services.
9. Contact Us
For questions about these Terms or the services, please contact us at [insert email] or by mail at ContractPower, Inc., 1602 Charro St, Encinitas, CA 92024.
