• (A) First year Software License: As part of your choosing to license the Licensed Software, MYACCOUNTS grants you a fee-bearing, non-exclusive, non-transferable, worldwide license to Use the Licensed Software for 1 year from the date of license activation, including user documentation that you have downloaded from or received on media provided by MYACCOUNTS or its partners, including all updates provided through the annual license renewal, where applicable, provided such that access and Use of the Licensed Software is in accordance with the Node Locked License granted by MYACCOUNTS. “Use” means storing, loading, installing, executing or displaying the Licensed Software. “Node Locked License” means that one copy of the Licensed Software can be installed on one machine only.
• (B) Annual License Renewal (ALR): To continue using the Licensed Software beyond one year, you must renew your license every year at least 30 days before the date of expiry of the term. If otherwise MYACCOUNTS software will expire and late payment charges will be applicable in addition to the renewable cost.
• (C) Information we collect from you: As part of the installation, registration, and software usage process MYACCOUNTS will collect information including Contact person, Mobile number, Mail address, Business name & Address for communication. This information will be uploaded to MYACCOUNTS CRM (Customer Relationship Management) to serve you better. You agree to provide true, accurate, latest, and complete information to serve you better by MYACCOUNTS.

The Licensed Software may contain software which originated with third party vendors and without limiting the general applicability of the other provisions of this Agreement, you agree that (a) the title to any third party software incorporated in the Licensed Software shall remain with the third party which supplied the same and (b) you will not distribute any such third party software available with the Licensed Software unless the license terms of such third party software provide otherwise.

In addition to all other terms and conditions of this Agreement, you shall not

• 1. Install one copy of the Licensed Software on more than one computer.
• 2. Remove any copyright, trademark or other proprietary notices from the Licensed Software or its copies.
• 3. Make any copies except for one back-up or archival copy for temporary & emergency purpose.
• 4. Rent, lease, sublease, sublicense or distribute the Licensed Software or any portion of it on a standalone basis or as part of your application.
• 5. Modify or enhance the Licensed Software.
• 6. Perform Reverse engineering, decompile or disassemble the Licensed Software.
• 7. Allow any third parties to access, use or support the Licensed Software.

MYACCOUNTS provides support that includes response to tickets raised in my MYACCOUNTS app, Requests from Live chat from Licensed Software and from my MYACCOUNTS app. The support services including are Email support for problem reporting, Remote support for problem resolution, Product updates, and Online access to product documentation, self-help videos & tutorials. To avail the MYACCOUNTS Assure Care Services, ALR is mandatory. MYACCOUNTS specifically excludes upgrades from the ALR program. Upgrade to the Licensed Software will be provided upon payment of an Upgrade License Fee in accordance with MYACCOUNTS then current pricing policy.

MYACCOUNTS online softwares Pvt Ltd., owns all rights, title and interest in and to the Licensed Software. MYACCOUNTS expressly reserves all rights not granted to you herein, notwithstanding the right to discontinue or not to release any Licensed Software and to alter prices, features, specifications, capabilities, functions, licensing terms, release dates, general availability or characteristics of the Licensed Software. The Licensed Software is only licensed and not sold to you by MYACCOUNTS.

MYACCOUNTS has the right to audit your Use of the Licensed Software by providing at least seven (7) days prior written notice of its intention to conduct such an audit at your facilities during normal business hours.

The Licensed Software contains proprietary information of MYACCOUNTS that are protected by the laws of India and you hereby agree to take all reasonable efforts to maintain the confidentiality of the Licensed Software. You agree to reasonably communicate the terms and conditions of this Agreement to those persons employed by you who come into contact with or access the Licensed Software, and to use reasonable efforts to ensure their compliance with such terms and conditions, including but not limited to, not knowingly permitting such persons to use any portion of the Licensed Software for a purpose that is not allowed under this Agreement.

MYACCOUNTS does not warrant that the Licensed Software will be error free. Except as provided herein, the Licensed Software is furnished “as is” without warranty of any kind, including the warranties of merchantability and fitness for a particular purpose and without warranty as to the performance or results you may obtain by using the Licensed Software. You are solely responsible for determining the appropriateness of using the Licensed Software and assume all risks associated with the use of it, including but not limited to the risks of program errors, damage to or loss of data, programs or equipment, and unavailability or interruption of operations. Because some jurisdictions do not allow for the exclusion or limitation of implied warranties, the above exclusions or limitations may not apply to you.

In no event will MYACCOUNTS be liable to you or any third party for any special, incidental, indirect, punitive or exemplary or consequential damages, or damages for loss of business, loss of profits, business interruption, or loss of business information arising out of the use or inability to use the program or for any claim by any other party even if MYACCOUNTS has been advised of the possibility of such damages. MYACCOUNTS entire liability with respect to its obligations under this agreement or otherwise with respect to the Licensed Software shall not exceed the amount of the named developer license fee paid by you for the Licensed Software. Because some jurisdictions do not allow the exclusion or limitation of liability for incidental or consequential damages, the above exclusions or limitations may not apply to you.

MYACCOUNTS agrees to indemnify and defend you from and against any and all claims, actions or proceedings, arising out of any claim that the Licensed Software infringes or violates any valid Indian patent, copyright or trade secret right of any third party; so long as you provide;

• (i) Prompt written notice to MYACCOUNTS of such claim;
• (ii) Cooperate with MYACCOUNTS in the defense and/or settlement thereof, at MYACCOUNTS expense; and,
• (iii) Allow MYACCOUNTS to control the defense and all related settlement negotiations. The above is MYACCOUNTS sole obligation to you and shall be your sole and exclusive remedy pursuant to this Agreement for intellectual property infringement. MYACCOUNTS shall have no indemnity obligation for claims of infringement to the extent resulting or alleged to result from
•  (i) Any combination, operation, or use of the Licensed software with any programs or equipment not supplied by MYACCOUNTS;
• (ii) Any modification of the Licensed Software by a party other than MYACCOUNTS; and
• (iii) Your failure, within a reasonable time frame to implement any replacement or modification of Licensed Software provided by MYACCOUNTS.

This Agreement is effective until terminated by either party. You may terminate this Agreement at any time by destroying or returning to MYACCOUNTS all copies of the Licensed Software in your possession. Either party may terminate this Agreement upon breach by the other party of the terms of this Agreement, including but not limited to clauses 2a, 3, 4, 5, 6, 7, 8, 13 and 14 and the failure by the other party to cure such breach within 30 (thirty) days’ written notice. Upon termination, you shall destroy or return to MYACCOUNTS all copies of the Licensed Software and certify in writing that all know copies have been destroyed. All provisions relating to confidentiality, proprietary rights, non-disclosure, and limitation of liability shall survive the termination of this Agreement

This Agreement shall be construed, interpreted and governed by the laws of India exclusive of its conflicts of law provisions. This Agreement constitutes the entire agreement between the parties and supersedes all prior communications, understandings or agreements between the parties. Any waiver or modification of this Agreement shall only be effective if it is in writing and signed by both parties hereto. If any part of this Agreement is found invalid or unenforceable, the remainder shall be interpreted so as to reasonable effect the intention of the parties. You shall not export the Licensed Software or your application containing the Licensed Software except in compliance with Indian export regulations and applicable laws and regulations.

MYACCOUNTS is allowed to print its product name in the invoice of the customers. It will be in the format of Software by MYACCOUNTS along with the telephone number.