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Read MoreThis agreement ("Agreement") is entered into by and between GC Bridge ("Licensor") and the customer ("Customer") as of the effective date of the subscription purchase.
1. LICENSE GRANT AND RIGHT OF USE; Licensor grants Customer a non-exclusive, non-transferable license to use the Software in accordance with the purchased subscription plan during the subscription period. The license is solely for Customer's internal business purposes.
2. PAYMENT; Customer shall pay the subscription fee in accordance with the agreed terms. Failure to make payments may result in suspension or termination of the license.
3. DELIVERY/VERIFICATION; Upon payment, the Software access details will be delivered to the Customer. Customer shall promptly verify and confirm receipt of the access details and report any discrepancies.
4. AFFILIATES AND THIRD PARTIES; Customer may allow its affiliates to use the Software under the same terms and conditions as specified herein. Customer shall not sublicense or distribute the Software to any third party without prior written consent from the Licensor.
5. OWNERSHIP; All rights, title, and interest in the Software, including any improvements or modifications, remain with the Licensor. Customer agrees not to claim ownership or attempt to modify, reverse engineer, or create derivative works from the Software.
6. CONFIDENTIALITY; Both parties agree to keep all information exchanged confidential and to use it solely for the purposes of this Agreement.
7. WARRANTY; The Software is provided "as is" without warranty of any kind. Licensor does not guarantee that the Software will be error-free or uninterrupted. Customer acknowledges that the use of the Software is at their own risk.
8. INFRINGEMENT; Licensor warrants that the Software does not infringe on any third-party intellectual property rights. In the event of any infringement claim, Licensor's liability shall be limited to the indemnification of the Customer and the right to replace or modify the Software.
9. LIMITATION OF LIABILITY; In no event shall either party be liable for any indirect, incidental, special, or consequential damages arising from the use of the Software, even if advised of the possibility of such damages. The total liability of either party shall be limited to the amount paid by the Customer for the subscription.
10. TERM AND TERMINATION; This Agreement shall commence on the effective date of the subscription and continue for the agreed-upon subscription period. The Agreement may be terminated by either party for material breach with a 30-day notice period. Upon termination, Customer shall cease using the Software and destroy all copies in their possession.
GENERAL; This Agreement constitutes the entire understanding between the parties regarding the Software and supersedes all prior agreements, whether written or oral.