General Terms of Use

General Terms and Conditions Applicable to the Kaunt Platform and Related Services

Thank you for using Kaunt – we are passionate about delivering AI for Finance. 

These General Terms and Conditions (“Terms”) apply to Kaunt and all related solutions and services between Kaunt A/S, CVR-nr. 40 86 58 88, and (“The Customer”). 

Kaunt is a SaaS AI Powered Financial Management Platform.   

By using Kaunt and related solutions and services The Customer agrees to the following Terms.  

1. The License Granted

The subscription agreement between The Customer and Kaunt A/S specifies the Kaunt solutions and services which The Customer has subscribed to.


Kaunt A/S owns all title and intellectual property rights in and to the Kaunt platform, solutions, and services. 

 

The Customer’s use of Kaunt is based on a subscription model whereby Kaunt A/S grants The Customer a limited, non-exclusive, non-transferable right to access and use Kaunt in the subscription period that has been agreed on and paid for.  

 

Rights of any kind regarding Kaunt not expressly granted to The Customer under these Terms are reserved by Kaunt A/S.  

2. Restrictions

The Customer may not assign, sell, sub-license, rent, lease or lend the Kaunt license to any other entity or third party. 

 

The Customer is not entitled to reverse engineer, decompile, disassemble, duplicate or copy Kaunt or any parts thereof. 

3. Intellectual Property Rights

The Customer accepts that any right, title and interest in and to Kaunt and related services, its codes, interfaces, other documentation, data (excluding the The Customer’s Data), trademarks and other related intellectual property rights and materials (“IPR”) are and shall at all times remain the sole and exclusive property of Kaunt A/S.  

Except for the right to use Kaunt, as expressly provided herein, these terms do not, either directly or indirectly, grant The Customer ownership or rights of any kind to patents, copyrights, database rights, trade secrets, or trademark to Kaunt. 

4. Customer Data and Confidentiality

Kaunt A/S is obligated to treat all customer data confidential and will not disclose any such data to third parties without prior consent of The Customer. 

 

Customer data will be used solely in connection with the delivery and development of Kaunt and the related services. 

 

Within 1 month of termination of the subscription agreement, Kaunt A/S has the right, and upon request, the obligation to delete any customer data that may be held by Kaunt A/S. 

 

Customer data is deleted free of charge. 

 

Data in generic or anonymous form is not considered customer data. 

5. Development of Kaunt

Kaunt A/S is entitled to continuously improving and developing Kaunt and the related services. 

 

As part of its development, Kaunt A/S is entitled to make updates and changes to the Kaunt solution and related services subscribed for by The Customer.  

 

The Customer will have, at all times, access the newest available version of the Kaunt solution and the service they have subscribed to.  

 

Kaunt A/S intends to develop and expand the Kaunt platform, including new solutions, services and features. These new solutions, services and features may come with separate terms and pricing, not included in The Customer’s current subscription plan.  

 

The Customer can choose to keep their current subscription, or expand it to include new additional solutions, services and features, at a potential extra cost.  

6. Customer engagement

The Customer is expected, in collaboration with and upon advice from Kaunt A/S, to contribute to optimizing the organizational and operational processes regarding implementing and using the Kaunt solution they subscribed to, so that the business effect of Kaunt is optimized. 

 

The Customer is available as a public reference in relation to the Kaunt solution subscribed for and Kaunt A/S is free to use the customer’s name for reference, from the day the agreement is signed. 

7. Duration and Termination

Any subscription agreement between The Customer and Kaunt A/S will continue until terminated by either party according to the individual Subscription Agreement. 

8. Change of Terms

Kaunt A/S may modify the Terms.  

 

Change of terms become effective 6 months after such changes have been posted on the Kaunt website.  

 

The customer’s use of Kaunt and the related services after such change of terms constitutes acceptance of such changed terms.  

9. Accessibility and performance of Kaunt

Kaunt A/S intends to use all commercially reasonable efforts in order to optimize the availability and business effect of Kaunt.  

 

Kaunt will not be available when system back-up, updating or other maintenance is carried out, or in the event of any unforeseen incident beyond Kaunt A/S´s control including – but not limited to – failure by subcontractors, Internet network failures, lack of access to customer data and network, or any force majeure event. 

10. Liability

Kaunt A/S strives to deliver high performing Financial Software but cannot guarantee that Kaunt and related services will always be 100% uninterrupted or error-free. 

 

The Customer accepts sole and complete responsibility for the selection of Kaunt and related services to achieve The Customer’s intended business purposes, and The Customer has the sole responsibility for running its business in compliance with all applicable laws, rules, and regulations. 

 

To the maximum extent permitted by applicable law, Kaunt A/S shall in no event be liable for any loss or damage, whatsoever. 

 

The limitation of liability applies to all types of negligence and liability, including product liability, as well as all types of losses, including indirect losses, lost profits, loss of data or damage to data. 

 

Kaunt A/S is not liable for sub-contractors. 

 

The maximum aggregate liability of Kaunt A/S upon any claims whatsoever, for one or more incidents, is limited to an amount corresponding to the total subscription fee paid by The Customer to Kaunt A/S in the last 6 months prior to the date when the claim is asserted.  

11. Transfer and sub-contractors

Kaunt A/S has the right to assign its rights and obligations towards The Customer in part or in whole to a third party. 

 

The Customer agrees that Kaunt A/S is entitled to use sub-contractors. 

12. VAT and price regulation

All amounts are exclusive of VAT and indirect taxes, which will be added as required by law.  

 

On January 1st of each calendar year Kaunt A/S shall be entitled to automatically increase all fees in accordance with the standard price regulations. 

13. Governing Law and Venue

Kaunt A/S services shall be governed exclusively by and interpreted in accordance with Danish civil laws. Any dispute arising out of – or in connection with  Kaunt A/S services shall be settled by the competent court in Denmark. 

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