Terms and Conditions

Software License Agreement

Lender Management Systems (PTY) License Agreement:

PLEASE READ: BY DOWNLOADING, USING OUR SOFTWARE AS A SERVICE, OR PURCHASING SERVICES RELATED TO THE SOFTWARE, YOU ACCEPT THE TERMS AND CONDITIONS STATED BELOW IN A LEGALLY BINDING MANNER. If you are obtaining the software as defined below on behalf of a company, you represent that you are duly authorized to represent the company and accept the terms and conditions of the agreement on behalf of the company. A binding contract is then formed between Lender Management Systems (PTY) Limited and your organization in accordance with the terms of this agreement.

Proprietary Rights And Conditions :

All rights, title and interest including, but not limited to, copyright and other intellectual property rights in and to the software (including but not limited to all html, asp, aspx, dlls, graphic/image, and text files) are owned by Lender Management Systems (PTY) Limited. Such rights are protected by United States copyright laws, other applicable copyright laws, and international treaty provisions. Lender Management Systems (PTY) Limited retains all rights not expressly granted herein.

You may not redistribute, sell, decompile, reverse engineer, or disassemble the software. The software, including any modified or customized versions, cannot be resold, redistributed, or offered as a service without explicit written permission from Lender Management Systems (PTY) Limited.

Ownership :

Licensee agrees that all information, forms, designs, algorithms, and techniques, used for the Licensed product shall be the sole and complete property of Lender Management Systems (PTY) Limited, that any and all copyrights and other proprietary interests therein shall belong to Company, and that the other provisions of this Agreement shall fully apply to all such developments and works.

Licenses :

Each copy of the software must have its own (separate) license and be registered with Lender Management Systems (PTY) Limited. You are not permitted to make copies of the software or any parts of it without prior written consent from Lender Management Systems (PTY) Limited. Individual software licenses are only valid when registered to a domain/url. This license does not grant any reseller privileges or providing any part of the software, its forms, and reports to any third party other than the intended recipient of the software.

Confidential information related to the licensed product shall not be disclosed outside and shall not be duplicated, used, or disclosed – in whole or in part – for any purpose other than intended use without specific written permission of an authorized representative of Lender Management Systems (PTY) Limited.

Limitation of Liability :

Except to the extent prohibited by local law, in no event will Lender Management Systems (PTY) Limited or its employees or officers be liable for direct, special, incidental, consequential or other damages (including lost profit, lost data, or downtime costs), arising out of the use, inability to use, or the results of use of the software, whether based in warranty, contract, tort or other legal theory, and whether or not advised of the possibility of such damages.

Return Policy :

Software (including but not limited to all html, asp, aspx, dlls, graphic/image, and text files) that is not specifically referred to as "trial software", or that includes the "source code", cannot be returned for a refund. Should you experience a problem with any purchased software, Lender Management Systems (PTY) Limited offers support services to assist with any technical issues. There are no refunds on installation services or any software that has been installed, downloaded, or deployed on the web server cloud.

Support Services :

This software will be deployed and maintained by Lender Management Systems (PTY) Limited. Satisfactory quality and timely service will be provided for maintaining the software. Software and services purchased from Lender Management Systems (PTY) Limited include support (technical support, back-up data, and regular updates). The support for the software is renewed on a yearly basis. Unless stated otherwise, the support is available through our online customer care. If you require more advanced technical support or require telephone assistance, additional consulting services or a support plan may be required. We review our support policy as per the requirements of the client.

Installation

Lender Management Systems (PTY) Limited makes every attempt to safeguard data and other files during installation, when upgrading, or installing updates to the software. However, the clients are also permitted to back-up their data on a regular basis.

Restriction :

The licensee & its users may not:

  • copy or use the Licensed Product (or Documentation) or trademarks or any part in any manner that is not expressly allowed by the license rights stated above;
  • decompile, reverse engineer, or otherwise attempt to derive the source code for any Licensed Product or any underlying algorithms, user interface techniques, or other ideas embodied in the Licensed Product;
  • tamper with, or attempt to circumvent or disable, any License Key (this includes, for example, resetting the CPU time in order to extend the License Term, or using a false host ID number or additional virtualized copy(ies) of the host ID number to enable unauthorized copies of a License Key);
  • distribute any copy or part of the licensed product except as expressly allowed by the license rights stated above, or allow anyone other than your End Users to have access to or use the Licensed Product;
  • use the Licensed Product or its output to create, modify, or simulate Designs for third parties;
  • use the Licensed Product or its output to develop or enhance any product that competes with a Synopsys product;
  • modify or create a derivative work of any part of the Licensed Product or Documentation;
  • disclose the results of any benchmarking of the Licensed Product (whether or not the results were obtained with assistance from Synopsys) to any third party;

Governing Law :

This Agreement shall be construed in accordance with the laws of the state of MAHARASTHRA, INDIA.

Indemnification :

Licensee agrees to pay liquidated damages or any violation of the covenant not to disclose confidential information contained in this Agreement

Binding Agreement :

If any part of these promises is void for any reason, the undersigned accepts that it may be severed without affecting the validity or enforceability of the balance of the promises. This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.

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