1. Definitions
In these Terms & Conditions, the following terms shall have the following meanings:
Platform: the SaaS platform "Royalty.works", including all its associated databases, software, and front-end user interface.
User: any natural or legal person who accesses or uses the Platform.
Agreement: the contract between the User and Royalty.works for the provision of access to the Platform and its data.
Summary Data: data shown on the Platform, including but not limited to royalty rates and other contractual terms, extracted and summarized using AI tools.
Original Agreements: the original full-text versions of license agreements from which summary data has been derived.
2. Scope of Application
These Terms & Conditions apply to all use of the Platform by any User. By accessing or using the Platform, the User agrees to be bound by these Terms & Conditions.
3. Nature of the Service
3.1 Royalty.works provides access to a database containing Summary Data derived from license agreements using artificial intelligence (AI) tools.
3.2 The Platform is intended as an information and research tool. It is not a legal advisory service, nor does it provide binding interpretations of contractual clauses.
4. Disclaimer and Limitation of Liability
4.1 The Summary Data presented on the Platform has been generated and/or summarized using automated AI tools. As such it may contain inaccuracies or omissions.
4.2 Royalty.works does not guarantee the completeness, accuracy, or reliability of the Summary Data. Users are expressly advised not to rely on Summary Data for decision-making purposes that may result in financial, legal, or reputational consequences.
4.3 Royalty.works expressly excludes any and all liability for damages resulting from errors or inaccuracies in the data provided.
4.4 Users acknowledge and accept that they bear full responsibility for verifying the correctness and applicability of the Summary Data to their specific use case. License agreements are complex legal documents and its language and structure may differ between agreements. If reliance on precise contractual terms is required, Users must obtain and review the Original Agreements.
5. Access to Original Agreements
5.1 Original Agreements may be made available to Users upon written request and subject to an administrative handling fee of EUR 35 per agreement.
5.2 Royalty.works reserves the right to deny access to Original Agreements where this is necessary to comply with confidentiality obligations or applicable law.
6. User Obligations
6.1 Users shall use the Platform in accordance with all applicable laws and regulations.
6.2 Users are responsible for conducting their own legal due diligence and cross-checking the Summary Data with original sources where legal, commercial, or financial reliance is contemplated.
7. Access Restrictions
7.1 Royalty.works is entitled to deny the User access to the Platform if its management believes that the User does not comply with applicable laws or regulations, without being obliged to provide a reason to that User.
8. Platform Availability
8.1 Royalty.works shall make reasonable efforts to offer the User uninterrupted access to the Platform.
8.2 However, Royalty.works may at any time temporarily take (certain parts of) the Platform out of service to remedy malfunctions, perform maintenance, or implement updates or improvements.
9. Disclaimer of Availability and Liability
9.1 Royalty.works does not guarantee the actual availability of the Platform and accepts no liability for any inability to access or use the Platform.
9.2 In no case shall Royalty.works be liable for any form of damages, including but not limited to: (i) loss of profit, (ii) direct or indirect damages, (iii) loss of sales, revenue, opportunities, or data, regardless of the cause or legal basis of such damages.
10. Intellectual Property
10.1 All intellectual property rights in the Platform and its contents (excluding the contents of the Original Agreements) are and remain the exclusive property of Royalty.works or its licensors.
10.2 Users shall not reproduce, distribute, modify, or otherwise exploit any part of the Platform or its data except as explicitly permitted.
11. Governing Law and Jurisdiction
11.1 This Agreement shall be governed by and construed in accordance with the laws of the Netherlands.
11.2 All disputes arising from or in connection with the use of the Platform or these Terms & Conditions shall be exclusively submitted to the competent courts of Amsterdam, the Netherlands.
12. Amendments
12.1 Royalty.works reserves the right to amend these Terms & Conditions from time to time, for example to address changes in legislation, regulations, or functionality offered through the Platform.
12.2 Amendments will be published on the Platform and shall take effect 14 days after publication unless otherwise stated.