Terms of Service

Last updated: December 2024

1. Acceptance of Terms

By accessing or using airfox M&A Platform ("Platform," "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service.

2. Description of Service

airfox provides an M&A platform that combines AI-powered tools with professional advisory services to facilitate business sales and acquisitions. Our services include:

  • AI-powered business valuation tools
  • Exit-readiness assessments
  • Anonymous marketplace for businesses
  • Buyer-seller matching services
  • M&A advisory and transaction support
  • Data room management

3. User Eligibility

You must be at least 18 years old and have the legal authority to enter into binding contracts. By using the Service, you represent and warrant that:

  • You have the authority to bind your organization
  • All information you provide is accurate and complete
  • You will comply with all applicable laws and regulations

4. Account Registration and Security

To access certain features, you must create an account. You agree to:

  • Provide accurate and complete registration information
  • Maintain the security of your account credentials
  • Notify us immediately of any unauthorized access
  • Accept responsibility for all activities under your account

5. User Obligations

You agree NOT to:

  • Provide false or misleading information
  • Violate any laws, regulations, or third-party rights
  • Interfere with or disrupt the Service
  • Attempt to gain unauthorized access to any part of the Service
  • Use the Service for any illegal or unauthorized purpose
  • Circumvent confidentiality or NDA requirements
  • Scrape, harvest, or collect user data

6. AI Valuation Disclaimer

IMPORTANT DISCLAIMER:

Our AI-powered valuation tool provides indicative estimates for informational purposes only. It is NOT:

  • A formal business valuation or appraisal
  • Investment, financial, or legal advice
  • A guarantee of actual sale price or market value
  • A substitute for professional advisory services

You should always consult with qualified professionals before making business decisions.

7. Advisory Services

Professional M&A advisory services are governed by separate engagement letters. Advisory services are subject to:

  • Specific scope of work and deliverables
  • Fee arrangements (retainer, success fees, etc.)
  • Confidentiality and NDA agreements
  • Professional standards and regulations

8. Confidentiality

Users agree to maintain confidentiality of:

  • Information received from other users under NDA
  • Business details of companies listed on the platform
  • Proprietary aspects of our Platform and methodology

Breach of confidentiality may result in immediate termination and legal action.

9. Intellectual Property

The Platform and its content (including software, algorithms, designs, text, graphics) are owned by airfox and protected by copyright, trademark, and other intellectual property laws.

You retain ownership of content you upload, but grant us a license to use it for providing the Service.

10. Fees and Payment

Certain services require payment. By using paid services, you agree to:

  • Pay all applicable fees as described
  • Provide accurate payment information
  • Pay success fees upon completion of transactions (where applicable)

Success Fees: For advisory mandates, success fees are typically 2-5% of transaction value, as specified in engagement letters. Fees are due upon closing.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

  • The Service is provided "AS IS" without warranties of any kind
  • We are not liable for indirect, incidental, or consequential damages
  • Our total liability shall not exceed fees paid in the 12 months prior to the claim
  • We are not liable for third-party actions or failures

12. Indemnification

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

  • Your use of the Service
  • Your violation of these Terms
  • Your violation of third-party rights
  • Content you provide to the Platform

13. Termination

We may suspend or terminate your access to the Service at any time for:

  • Violation of these Terms
  • Fraudulent or illegal activity
  • Non-payment of fees
  • Breach of confidentiality

Upon termination, your right to use the Service ceases immediately.

14. Governing Law and Jurisdiction

These Terms are governed by the laws of the Federal Republic of Germany. Any disputes shall be resolved in the courts of Frankfurt am Main, Germany.

15. Changes to Terms

We reserve the right to modify these Terms at any time. Material changes will be notified via email or prominent notice on the Platform. Continued use after changes constitutes acceptance.

16. Contact Information

For questions about these Terms:

Email: legal@airfox.ai

Address: airfox M&A Platform, Frankfurt am Main, Germany