EULA

1. Grant of License and Scope of Use

(1) Subject to the terms of this Agreement, the Licensor grants the Licensee a non-exclusive, non-transferable license, limited in time to the term of the subscription, to access and use the Software. The Software is provided as a cloud-based service (SaaS) for the Licensee’s internal business purposes.

(2) Scope of use. The permitted scope of use, in particular the number of extractions permitted per billing period, is determined by the subscription plan chosen by the Licensee and specified during the order or subscription process. Unused allowances expire at the end of the relevant billing period and do not carry over to the next period unless the subscription plan provides otherwise.

(3) Definition of extraction. An “extraction” within the meaning of this Agreement means any operation initiated by the Licensee by which a selected area of a document (e.g., a table, including one spanning multiple pages) is processed to obtain structured data.

(4) Term. This license is valid for the duration of the active subscription. Term, renewal, and ordinary termination are governed by the chosen subscription plan.

2. Artificial Intelligence and Data Extraction

The Software uses artificial intelligence (AI) models to extract data from documents.

(1) Verification obligation. Due to the probabilistic nature of AI systems, the Licensor does not guarantee that extracted data will be 100% accurate, complete, or error-free. The Licensee is obliged to independently verify and audit all output generated by the Software before relying on it for financial analysis, reporting, or decision-making.

(2) No AI training. The Licensor warrants that the table sections transmitted by the Licensee for extraction, as well as the data extracted from them, will not be used to train, improve, or fine-tune the AI models of the Licensor or of any third party.

3. Server Location and Data Security

(1) Data residency. The documents opened by the Licensee are processed locally in the Licensee’s browser and are not transmitted to the Licensor’s servers; only the table sections selected by the Licensee are transmitted. Processing of the transmitted content takes place within the European Union; the primary processing location is Frankfurt am Main, Germany. Details of the processing, the service providers used (sub-processors), and any data transfers are set out in the Licensor’s privacy policy.

(2) Security. The infrastructure is provided by cloud providers that maintain recognized security standards (e.g., ISO 27001). Data transmission is encrypted (TLS/SSL).

4. Rights and Restrictions

The Licensee may not:

• reverse engineer, decompile, disassemble, modify, or translate the Software; this does not apply to the extent mandatory statutory rights of the Licensee provide otherwise, in particular the right to decompile in order to achieve interoperability under Section 69e of the German Copyright Act (UrhG);
• create derivative works based on the Software or its AI workflows;
• rent, lease, sub-license the Software, or provide commercial hosting services using it;
• circumvent or manipulate the subscription verification, the usage or extraction allowances, API limits, or activation processes.

5. Copyright and Ownership

The Software, including its design, algorithms, and documentation, is owned by thalas GmbH and is protected by copyright laws and international treaties. No title or other intellectual property rights are transferred to the Licensee; only the right of use under Section 1 of this Agreement is granted.

6. Liability

(1) The Licensor’s liability is governed by the following provisions.

(2) The Licensor shall be liable without limitation:

• for damage arising from injury to life, body, or health resulting from a breach of duty by the Licensor or one of its legal representatives or vicarious agents;
• for other damage resulting from an intentional or grossly negligent breach of duty by the Licensor or one of its legal representatives or vicarious agents;
• to the extent of an expressly assumed guarantee and under the mandatory provisions of the German Product Liability Act (Produkthaftungsgesetz).

(3) In the case of a slightly negligent breach of a material contractual obligation (cardinal obligation) – i.e., an obligation whose fulfilment is essential to the proper performance of the contract and on whose observance the Licensee may regularly rely – the Licensor’s liability shall be limited in amount to the foreseeable damage typical for this type of contract at the time the contract was concluded.

(4) In all other respects, the Licensor’s liability for slightly negligent damage is excluded.

(5) For the loss of data, the Licensor shall be liable only to the extent that would have been required to restore the data had the Licensee carried out proper and regular data backups.

(6) Insofar as the Licensor’s liability is limited or excluded under the preceding paragraphs, this shall also apply to the personal liability of its legal representatives, employees, and vicarious agents. The preceding provisions do not entail any change to the burden of proof to the detriment of the Licensee.

7. Data Protection and Processing on Behalf

Insofar as the Licensor processes personal data on behalf of the Licensee in connection with the use of the Software, the parties shall conclude a data processing agreement pursuant to Article 28 GDPR. In all other respects, the Licensor’s privacy policy applies.

8. Term, Termination, and Applicable Law

(1) Term and ordinary termination are governed by the subscription plan chosen by the Licensee.

(2) The right of both parties to terminate for cause (außerordentliche Kündigung) remains unaffected. Cause exists for the Licensor in particular if the Licensee seriously, or repeatedly despite a warning, breaches material obligations under this Agreement, in particular the usage restrictions under Section 4.

(3) In the case of curable breaches, termination for cause requires a prior warning with a reasonable period to remedy, unless the warning is dispensable due to the severity of the breach or the particular circumstances of the individual case.

(4) Upon the termination taking effect, the Licensee’s right of use ends. Fees paid in advance for service periods not yet used shall be refunded on a pro-rata basis if the termination is based on a reason for which the Licensor is responsible.

(5) This Agreement is governed by the laws of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods. The exclusive place of jurisdiction is – to the extent legally permissible – Frankfurt am Main.

9. Final Provisions

(1) Language. This Agreement is provided in German and English. Only the German version is binding; the English version is provided for information purposes only.

(2) Amendments. Amendments and supplements to this Agreement must be made in text form (Textform).

(3) Severability. Should individual provisions of this Agreement be or become invalid or unenforceable, the validity of the remaining provisions shall remain unaffected. The statutory provisions shall apply (Section 306 of the German Civil Code, BGB).