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Terms of Service

Last updated: January 19, 2025

Agreement to Terms

By downloading, installing, or using the SmartFinance AI mobile application ("App"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, please do not use the App.

These Terms constitute a legally binding agreement between you and the developers of SmartFinance AI regarding your use of the App.

Description of Service

SmartFinance AI is a personal finance management application that provides:

  • Transaction tracking and categorization
  • AI-powered receipt scanning and data extraction
  • Budget creation and monitoring
  • Financial goal setting and tracking
  • Investment portfolio management
  • AI-generated financial insights and recommendations
  • Data visualization and analytics

The App is designed for personal, non-commercial use to help individuals manage their personal finances.

Eligibility

To use SmartFinance AI, you must:

  • Be at least 18 years of age
  • Have the legal capacity to enter into this agreement
  • Not be prohibited from using the App under applicable laws
  • Provide accurate information when required

If you are under 18, you may use the App only with the involvement and consent of a parent or guardian.

User Responsibilities

Accurate Information

You are responsible for:

  • Ensuring all financial data you input is accurate
  • Regularly reviewing and updating your information
  • Verifying AI-generated categorizations and insights
  • Making informed financial decisions based on the App's information

Prohibited Uses

You agree not to:

  • Use the App for any illegal or unauthorized purpose
  • Attempt to reverse engineer, decompile, or hack the App
  • Share your App access with unauthorized third parties
  • Input false or misleading financial information intentionally
  • Use the App to violate any applicable laws or regulations
  • Attempt to access other users' data or accounts

Device Security

You are responsible for:

  • Maintaining the security of your device
  • Keeping your device's operating system updated
  • Using appropriate device security measures (passcodes, biometrics)
  • Promptly reporting any security breaches

Financial Disclaimers

Not Financial Advice

SmartFinance AI provides tools and insights for personal financial management but does not provide financial advice. The App:

  • Is not a substitute for professional financial advice
  • Does not guarantee financial outcomes
  • Should not be the sole basis for financial decisions
  • Does not constitute investment recommendations

AI Limitations

Our AI features are designed to assist you but may have limitations:

  • Receipt scanning may not be 100% accurate
  • Category suggestions may need manual review
  • Insights are based on historical data patterns
  • Predictions are estimates, not guarantees

Professional Consultation

For significant financial decisions, we recommend consulting with qualified financial professionals, including:

  • Financial advisors
  • Tax professionals
  • Investment specialists
  • Legal counsel when appropriate

Privacy and Data

Your privacy is important to us. Our data practices are governed by our Privacy Policy, which is incorporated into these Terms by reference. Key points:

  • Your financial data is stored locally on your device
  • We do not collect or store your financial information
  • Data processing occurs locally for privacy protection
  • You retain full control over your data

Please review our Privacy Policy for complete details about how we handle your information.

Intellectual Property

Our Rights

SmartFinance AI and all related content, including:

  • App design, code, and functionality
  • AI algorithms and models
  • User interface and graphics
  • Trademarks and branding

Are protected by intellectual property laws and remain our exclusive property.

Your Rights

You retain ownership of:

  • Your personal financial data
  • Information you input into the App
  • Receipt images you capture

License Grant

We grant you a limited, non-exclusive, non-transferable license to use the App for personal, non-commercial purposes in accordance with these Terms.

In-App Purchases

SmartFinance AI may offer in-app purchases, including:

  • Ad removal options
  • Premium features (if available)

Purchase Terms

  • All purchases are processed through the App Store
  • Purchases are generally non-refundable
  • Refund requests should be directed to Apple
  • Prices may vary by region and are subject to change

Subscription Terms

If we offer subscription services in the future:

  • Subscriptions automatically renew unless cancelled
  • You can cancel anytime through your App Store account
  • Changes take effect at the next renewal period

Availability and Updates

Service Availability

We strive to maintain App availability but cannot guarantee:

  • Uninterrupted access to the App
  • Error-free operation
  • Compatibility with all devices
  • Continued availability of all features

Updates and Changes

We may:

  • Release App updates and improvements
  • Modify or discontinue features
  • Change the App's functionality
  • Update these Terms as needed

Significant changes will be communicated through the App or our website.

Disclaimers and Limitations

Warranty Disclaimer

THE APP IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:

  • Merchantability or fitness for a particular purpose
  • Accuracy of financial calculations or insights
  • Uninterrupted or error-free operation
  • Security against all threats

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR:

  • Any financial losses or damages
  • Indirect, incidental, or consequential damages
  • Loss of data or profits
  • Business interruption
  • Any damages exceeding the amount paid for the App

Indemnification

You agree to indemnify and hold us harmless from any claims, losses, damages, or expenses arising from:

  • Your use of the App
  • Violation of these Terms
  • Infringement of third-party rights
  • Your financial decisions based on App information

Termination

By You

You may terminate your use of the App at any time by:

  • Deleting the App from your device
  • Discontinuing use of the App

By Us

We may terminate or suspend your access if you:

  • Violate these Terms
  • Engage in prohibited activities
  • Pose a security risk

Effect of Termination

Upon termination:

  • Your license to use the App ends
  • You should delete the App and all data
  • Certain provisions of these Terms survive

Governing Law and Disputes

These Terms are governed by applicable laws. Any disputes will be resolved through:

  • Good faith negotiation first
  • Binding arbitration if negotiation fails
  • Individual basis (no class actions)

You retain the right to pursue claims in small claims court for qualifying disputes.

General Provisions

Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and us regarding the App.

Severability

If any provision of these Terms is found unenforceable, the remaining provisions will continue in full force.

Assignment

You may not assign your rights under these Terms. We may assign our rights without restriction.

No Waiver

Our failure to enforce any provision does not constitute a waiver of that provision.

Changes to Terms

We may update these Terms from time to time. Changes will be effective when:

  • Posted on our website
  • Notified through the App
  • You continue using the App after changes

Material changes will be clearly communicated with reasonable advance notice.

Contact Information

If you have questions about these Terms or need to contact us for any reason:

  • Email: kalavathimacdev@gmail.com
  • Subject Line: "SmartFinance AI Terms Inquiry"
  • Support Page: SmartFinance AI Support

We will respond to your inquiry within a reasonable time.

Acknowledgment

By using SmartFinance AI, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service. You also acknowledge that you have read and understood our Privacy Policy.

Thank you for choosing SmartFinance AI to help manage your personal finances!

SmartFinance AI SmartFinance AI

Your intelligent financial companion for a brighter financial future.

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