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Terms and Conditions

Terms and Conditions

Last updated: 2026-01-24

1. Scope

  1. These Terms and Conditions ("Terms") govern the use of the web-based software-as-a-service application “Valutra” (the "Service").
  2. The provider of the Service is the service provider named in the imprint (the "Provider").
  3. These Terms are intended for private individuals, self-employed persons, and small businesses. Conflicting or additional terms of the user do not apply unless the Provider expressly agrees.

2. Subject matter of the contract

  1. The subject matter is the provision of the Service as a technical tool for entering data, running simulations, performing calculations, creating forecasts, and visualizing financial scenarios based on data entered by users. Forecasts are based on mathematical models and assumptions and do not constitute predictions with any claim to actual occurrence.
  2. The Service provides technical calculation and display functions only. It does not replace professional advice.

3. No advice / no recommendations

  1. The Service does not provide financial advice.
  2. The Service does not provide tax advice.
  3. The Service does not provide investment advice.
  4. In particular, outputs, simulations, forecasts, charts, or notes within the Service are not recommendations to enter into, change, or terminate contracts or investments. The interpretation of the provided information and any decisions derived from it are the sole responsibility of the user.

4. Registration, user account, and access

  1. Certain features may require registration. Users must provide accurate information during registration and keep it up to date.
  2. Login credentials must be kept confidential and protected from third-party access. Users must notify the Provider without undue delay if they suspect unauthorized use.
  3. The Provider may take reasonable measures to prevent misuse (e.g., suspending access where there is a justified suspicion).

5. User obligations

  1. Users are responsible for the accuracy, completeness, and timeliness of the data they enter.
  2. Users may use the Service only in compliance with applicable law and these Terms.
  3. In particular, users must not:
    • transmit unlawful content,
    • attempt to circumvent security measures,
    • perform automated or excessive access that may impair operations,
    • access, alter, or delete third-party data.

6. Availability, changes, and limitations

  1. The Provider aims to offer high availability. However, there is no entitlement to a specific availability level.
  2. The Service may be temporarily unavailable for technical reasons, in particular due to maintenance, security measures, technical faults, or force majeure.
  3. The Provider may further develop the Service and change, add, or restrict features, provided this is reasonable for users and the essential purpose of the contract is maintained.
  4. Calculations, simulations, and forecasts depend on the entered data and the implemented model assumptions. To the extent permitted by law, the Provider does not assume any warranty for the correctness, completeness, or future accuracy of results.

7. Intellectual property and rights of use

  1. The Service, including software, user interfaces, trademarks, text, graphics, and other content, is protected by copyright and/or trademark law.
  2. For the duration of the contract, users receive a non-exclusive, non-transferable, non-sublicensable right to use the Service as intended.
  3. Users may not copy, decompile, reverse engineer, or otherwise attempt to obtain the source code, except where mandatory law permits.

8. User content and data

  1. Users retain all rights to the data they enter.
  2. Users grant the Provider the right to process the entered data solely for providing and operating the Service.
  3. Privacy-related information is provided in the privacy policy.

9. Liability

  1. The Provider is liable without limitation for intent and gross negligence.
  2. In cases of simple negligence, the Provider is liable only for the breach of an essential contractual obligation. In such cases, liability is limited to the typical, foreseeable damage. An essential contractual obligation is an obligation whose fulfillment enables the proper performance of the contract in the first place and on whose compliance the user may regularly rely.
  3. Liability for lost profits, indirect damages, and consequential damages is excluded in cases of simple negligence to the extent permitted by law.
  4. Users make decisions at their own responsibility. The Provider is not liable for actions, decisions, or dispositions of users that are based on outputs, simulations, or forecasts of the Service.
  5. The limitations of liability do not apply to liability for injury to life, body, or health, or where liability is mandatory under applicable product liability law.

10. Termination and account deletion

  1. The contract is concluded for an indefinite term unless the Service indicates otherwise.
  2. Users may terminate the contract at any time by deleting their user account. Information about data deletion is provided in the privacy policy.
  3. The Provider may terminate the contract without notice for good cause, in particular in the event of serious breaches of these Terms or misuse.

11. Changes to these Terms

  1. The Provider may amend these Terms if there is an objective reason (e.g., legal changes, security requirements, feature changes) and the amendment is reasonable for users.
  2. Users will be informed of changes in an appropriate manner in advance.
  3. If users object to the change within a reasonable period after notification, the previous Terms continue to apply. In this case, the Provider may terminate the contract at the next possible date. Users will be expressly informed in the notification of the consequences of failing to object.

12. Final provisions

  1. The laws of the Federal Republic of Germany apply, excluding the UN Convention on Contracts for the International Sale of Goods (CISG). For consumers, this applies only insofar as mandatory consumer protection provisions of the country of habitual residence remain unaffected.
  2. If the user is a merchant, a legal entity under public law, or a special fund under public law, the exclusive place of jurisdiction for all disputes arising out of or in connection with this contract is the Provider’s registered office. Otherwise, the statutory places of jurisdiction apply.
  3. Should any provision of these Terms be wholly or partially invalid, the remaining provisions remain effective.