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Welcome to 24balance Network – the SaaS solution for the bookkeeping and fiscal accounting for the small to medium businesses, and for the natural persons, employed in commerce.

The 24balance Network services that company Praximetrix SIA provides to you in Latvia, and that are located at the website, are subject to the following Terms of Use (hereinafter "TOU") between you (hereinafter “User”) and Praximetrix SIA (hereinafter “Provider”), that regulate the use of the offered for lease software for bookkeeping and fiscal accounting, (hereinafter “Service”).

When the User registers for the provided Service, the User accepts all terms of use and agrees to comply with the terms and conditions during all the time of using the Service.

The Provider reserves the right to update the TOU at any time without notice to the User. The most current version of the TOU can be reviewed at our Service website

1.1. The Provider of Service (Praximetrix SIA) and the User (individual or corporate), using the given Service have entered into the present TOU as follows.

2.1. The Provider provides the User with the access right to the Service through a website and gives the right to use its software through the Internet browser, limited by the chosen type of a subscription. The given right is not exclusive; it cannot be transferred to another person, and it is limited to this TOU.
2.2. The User is given the opportunity to conduct the simultaneous account on several legal or physical persons (registration units), creating separate business profiles (hereinafter “Profile”) for each separate unit.

3.1. The User agrees to use the given Service within the limits of the current legislation of the Latvian Republic for the internal business or personal purposes.
3.2. The User cannot use the given Service for any illegal purposes, including, but not limited to a deceit of the third parties, providing someone with the false information, for the storage of another person's data or the data protected by intellectual property laws, and disclosing the confidential information.
3.3. The Provider of the Service has the right to terminate the given TOU in case of infringement of its conditions by the User.
3.4. The User agrees to keep in secret the login name and the password used for the identification of the User in the Service. If it is possible that the password can be lost or detected by the third parties, the User should immediately change the password. For safety and protection of the User’s access to the data it is recommended not to use simple passwords and to change passwords periodically. The Provider will not be liable for the unauthorized access to the User’s data by the third parties caused by the detecting of the User’s password.
3.5. The User agrees not to use the same login name and password for the access to the same data by different persons. If the User needs to grant the other person the additional access to the User’s data, the User has the right and the opportunity to add the extra persons to the current Profile by creating additional users, or to provide the access to the data by connecting already existing user of the Service. Adding extra persons to the Profile, the User takes full responsibility for the safety of the data and for the control of the access to the data by the persons added to the Profile. The User also takes full responsibility for the persons added to the User’s Profile to comply with the TOU.
3.6. The User within the limits of the given TOU agrees not to attempt to compromise the security or impair the work of the Service, its software, computer networks and servers. The User agrees not to try to get an unauthorized access to the data of the other users or to attempt to limit the given access.
3.7. The User agrees to make payments for the provided services on time.
3.8. The User releases the Provider from all claims, damages, losses and charges caused by the infringement of any conditions of the given TOU by the User.
3.9. The User has the right to remove all his/her data from the database of the Service, as well as to terminate the given TOU.
3.10. The Provider has the right not to permit the repeated registration of the User, whose registration record has been removed because of the infringement of the conditions of the given TOU.
3.11. The Provider takes responsibility for the protection of the User’s data, its integrity and safety.

4.1. Both parties agree to keep in secret all the information gained in connection with the present TOU. Both parties agree that they will not disclose any confidential information to other parties without a prior written consent of the other party, and will not use it for their own benefit, except for the conditions, specified in the present TOU.
4.2. The policy that defines responsibilities of the parties concerning data safety and confidentiality, is described in PRIVACY POLICY ( that is the integral part of the given TOU.
4.3. The User, accepting conditions of the TOU, accepts also the PRIVACY POLICY given in the specified appendix.

5.1. The name and all the intellectual property rights for the software, the Service websites, and all the documents, relating to the software, are the property of the Provider.
5.2. All the User’s data input remains the property of the User. Nevertheless, the User’s access to the data can be limited or blocked in case of the delay of payments for the provided Service, or in case of infringement of the conditions of the TOU.
5.3. The User can ask the Provider to remove part of his data or all his data from the Provider’s database.
5.4. The Provider agrees to take all necessary actions to prevent the loss of the data, but does not guarantee that the loss would not occur. The Provider excludes all responsibility for any loss of the data irrespective of how they have been lost.

6.1. The given TOU implies the separate valid license for each Profile created by the User.
6.2. The Provider gives the User a license to use a free version of the service. The free version may have a limit on the number of documents and transactions within a calendar month. The user has the right to upgrade to a paid version at any time and remove all restrictions.
Downgrade back to the free version is not possible.
6.3. In case the User decides to cancel the given Service, all User’s data will be deleted within 3 (three) days of the date of cancellation.
6.4. The invoice for the current month paid services is issued to the User on the 1-st (first) day of each month, and should be paid in 15 (fifteen) calendar days or till the due date of the invoice. The first invoice can include the unpaid period of the previous month.
6.5. The subscription provides automatic prolongation of the license on the 1-st (first) day of each month for the next period of 1 (one) month.
6.6. If the license has expired or revoked, the User’s access to the data would be blocked until the last invoice is paid.
6.7. If the User chooses to cancel the given Service, he agrees to pay all the invoices issued for the licenses prior the date of cancellation.
6.8. The Provider has the right to terminate the given license in case of the infringement of the given TOU conditions without any compensation.
6.9. The User has the right to terminate the given license, at the same time he agrees to implement the requirements of the clause 6.7 of this TOU.
6.10. If the User’s license has expired or revoked, or the issued invoices have not been paid on time, the Provider reserves the rights to delete the User’s Profile whose license has expired within 10 (ten) days after the expiration date.
6.11 The User’s license to use a free version of the service may be revoked in case of 3 months inactivity. In this case all profile's data will be deleted.

7.1. The User incurs all risks connected with use of the given Service. All services and all the software are provided on "as is" basis, without any guarantees.
7.2. The Provider does not guarantee that the software would meet the User’s requirements or that the Service would be right for his/her purposes. In order to prevent any doubts, all representations and warranties are excluded to the extent permitted by law.
7.3. The Provider does not guarantee that the use of the given software will be uninterrupted or correct. The Provider does not bear responsibility for the faults in the Service performance, caused by technical failures, natural cataclysms and other force majeur circumstances.
7.4. If the User for any reasons is not satisfied with the performance, functionality or reliability of the given Service, the only and exclusive way of legal protection is cancellation of the TOU by sending the Provider a cancellation request.

8.1. The given TOU, together with the 24Balance PRIVACY POLICY supersedes all previous agreements and arrangements (whether in oral or written form), and represent the full Terms of Use between the User and the Provider, in relation to software and other questions, considered in given TOU.
8.2. The Provider does not bear responsibility for the mismatch of User’s requests and actual service.
8.3. Both parties will not be liable for any failure or delay in performing their obligations under this TOU to the extent that this failure is the result of any cause or circumstance beyond the reasonable control (force majeur). This does not concern the User’s obligations to pay the issued invoices for the provided Service on time.
8.4. The User agrees not to give or transfer any of the rights, received from the Provider, to any other person, without preliminary written consent of the Provider.
8.5. Any disputes and conflicts that may arise between the parties of this TOU in the process of interaction between the User and the Provider that can not be settled amicably through negotiations shall be brought before the court according to the legislation of Latvian Republic.

9.1. The present TOU is valid from the moment of the User’s registration in the Service and extends to all the time of the use of the Service.