These Terms of Service ("Terms") are entered into by and between Rever Finance Inc., a New Hampshire corporation ("Rever," "we," "our," or "us"), and the entity or individual accessing or using the Service ("Customer," "you," or "your"). If you are accessing or using the Service on behalf of a company or other legal entity, you represent that you are authorized to bind that entity to these Terms, and "you" and "Customer" refer to that entity.
These Terms govern your access to and use of Rever's cloud-hosted, finance automation platform, together with self-hosted and private-cloud deployments of the same, including our websites, APIs, mobile applications, and related services (collectively, the "Service"). By accessing or using the Service, clicking "I Agree," or executing an Order Form that references these Terms, you agree to be bound by these Terms. If you do not agree, do not use the Service.
The "Effective Date" is the earlier of: (a) your initial access to the Service, or (b) the effective date of the first Order Form referencing these Terms.
These Terms contain a binding arbitration provision (Section 15.3), a class action waiver (Section 15.2), and a limitation of liability (Section 11). Please read them carefully.
1. Definitions
"Acceptable Use Policy" or "AUP" means Rever's Acceptable Use Policy, available at rever.ai/legal/acceptable-use-policy, as updated from time to time, provided that no update will materially expand Customer's obligations during the then-current Subscription Term.
"Affiliate" means any entity that controls, is controlled by, or is under common control with a party, where "control" means ownership of more than 50% of the voting securities of such entity.
"Authorized User" means an individual who is permitted by Customer to access and use the Service under Customer's account, including Customer's employees, contractors, and agents. The number of Authorized Users is not limited and is not a basis on which Fees are calculated.
"Beta Service" means any service, feature, or functionality designated as alpha, beta, preview, early access, pilot, or by any similar description, including the Eve plan for so long as it is offered on a private-beta or waitlist basis.
"Connected System" means a third-party system, application or data source that Customer authorizes Rever to connect to, including ledgers, ERP systems, banking feeds, payment processors, CRM, HR and payroll systems.
"Confidential Information" means all non-public business, product, technology, and marketing information disclosed by either party to the other, whether orally or in writing, that is designated as confidential or that a reasonable person would understand to be confidential given the nature of the information and circumstances of disclosure.
"Customer Data" means any data, content, files, attachments, text, images, or other materials uploaded, submitted, or transmitted by or on behalf of Customer or any Authorized User to or through the Service, including data ingested from a Connected System at Customer's direction. Customer Data does not include Usage Data.
"Documentation" means the technical documentation for the Service made available at docs.rever.ai or otherwise provided by Rever.
"Output" means any result generated by the Service for Customer, including answers, findings, reconciliations, proposed journal entries, Nudges and summaries produced by AI Features.
"Proof of Value" means the no-charge, read-only assessment described in Section 7.3.
"Intellectual Property Rights" means all rights, title, and interest, whether registered or unregistered, in and to any form of intellectual property in any jurisdiction, including patents and patent applications; copyrights and related rights, including rights in software, APIs, databases, data compilations and Documentation; trademarks, service marks, trade names, logos, domain names and trade dress; trade secrets and other confidential or proprietary rights, including know-how, algorithms, models (including machine learning and artificial intelligence models), system architecture, workflows, methods and processes; design rights and layout designs; moral rights; database rights and rights in data or data compilations (excluding Customer Data, except to the extent incorporated into aggregated or anonymized Usage Data); and all other similar or equivalent rights, in each case including all registrations, applications, renewals and rights to enforce or sue for past, present and future infringement.
"Laws" means all applicable local, state, federal, and international laws, rules, and regulations, including those related to data privacy, data transfer, export controls, artificial intelligence, and electronic communications.
"Order Form" means a written or electronic ordering document referencing these Terms that specifies the Service purchased, subscription term, Scope Units, Fees, and other commercial details. Upon execution by both parties (or, for online orders, upon confirmation), each Order Form is subject to these Terms.
"Scope Unit" means a unit on which Fees are calculated as set out in Section 7.1 - legal entities, Connected Systems and transaction volume. Authorized Users are not a Scope Unit.
"Service" means Rever's proprietary finance platform, including the cloud-hosted service, self-hosted software, mobile applications, APIs, integrations, and related tools and documentation.
"Subscription Term" means the period during which Customer has paid access to the Service, as specified in the applicable Order Form.
"Usage Data" means any data, information, or metadata relating to the access to, use of, and operation of the Service by Customer and its Authorized Users, whether collected or generated by or on behalf of Rever in connection with the provision, security, and improvement of the Service, including technical and device data; account and access data; usage and interaction data; diagnostic and performance data; operational and security data; and aggregated, statistical, or de-identified data derived from the foregoing.
For clarity, Usage Data does not include Customer Data, except to the extent that Customer Data is aggregated, anonymized, or de-identified such that it does not identify Customer or any individual and cannot reasonably be re-identified. Rever will not publish or disclose any benchmark or analytic derived from Customer Data unless it is computed across a cohort of at least twenty (20) customers.
2. The Service
2.1. Overview
Rever provides an AI-native finance automation platform that connects to Customer's existing finance systems, unifies records into a canonical finance data model, runs continuous reconciliation, verification and controls, and surfaces findings, answers and decision-time notifications to Customer's personnel. The Service is available in cloud-hosted, private-cloud and self-hosted configurations. The Service includes the platform, products, APIs, integrations, mobile applications, and any supplementary tools and features offered through rever.ai.
2.2. Access and Use
(a) Cloud Service. Subject to these Terms and payment of applicable Fees, Rever grants Customer a non-exclusive, non-transferable right during the Subscription Term to access and use the cloud-hosted Service in accordance with the Documentation and any scope-of-use restrictions in the applicable Order Form. The cloud Service is a hosted subscription - no software is delivered to or installed by Customer, and no software license is granted.
(b) Self-Hosted. For self-hosted deployments, Rever grants Customer a software license as described in Section 3.2. That license is subject to these Terms, payment of applicable Fees, and any additional restrictions in the applicable Order Form.
2.3. Authorized Users
Access to the Service in any deployment configuration is limited to Authorized Users. Customer is responsible for ensuring that all Authorized Users comply with these Terms and for all activity under Customer's account. Customer may designate an unlimited number of Authorized Users, including approver and auditor roles, at no additional charge.
2.4. Account Security
Customer must provide accurate and complete registration information and keep it current. Customer is responsible for maintaining the confidentiality of account credentials, including passwords and API keys, and for the scope of the permissions granted to Rever on any Connected System. Customer must promptly notify Rever of any unauthorized access to or use of Customer's account. Rever will not be liable for losses arising from unauthorized use of Customer's account except to the extent caused by Rever's breach of its obligations under Section 14.
2.5. Affiliates and Contractors
Customer may permit its Affiliates' employees and contractors to serve as Authorized Users, provided Customer remains responsible for their compliance with these Terms and their use is solely for the internal business benefit of Customer and its Affiliates.
2.6. Restrictions
Customer will not, and will not permit any third party to:
(a) sublicense, sell, rent, lease, or distribute the Service or make it available to third parties, except as expressly permitted;
(b) use the Service to provide bookkeeping, accounting, controllership or similar services to third parties, or otherwise operate the Service as a service bureau, except under a written partner agreement with Rever;
(c) use the Service to develop a product or service that competes with the Service;
(d) reverse engineer, decompile, disassemble, or attempt to derive the source code of the Service, except to the extent expressly permitted by applicable law;
(e) copy, modify, or create derivative works of the Service or Documentation;
(f) remove, alter, or obscure any proprietary notices on the Service;
(g) interfere with, compromise, or place an unreasonable load on the Service or its infrastructure;
(h) access the Service through automated means (bots, scrapers, spiders) except through Rever's published APIs used in compliance with the Documentation;
(i) use the Service in violation of any Laws or the AUP; or
(j) transmit viruses, malware, or other harmful code through the Service.
2.7. Modifications to the Service
We may update, modify, or discontinue features of the Service from time to time. If we make a change that materially reduces the core functionality of the Service during a paid Subscription Term, we will notify you through the Service, email, or our website, and Customer's remedy is as set out in Section 7.10(b). Your purchase of the Service is not contingent on the delivery of any future functionality or features, including any capability described on Rever's website or in marketing materials as forthcoming, "shipping soon," "in weeks," "roadmap" or similar.
2.8. Beta Services
Rever may offer Beta Services at its discretion. Beta Services are provided "as is" without warranty of any kind and are not subject to the SLA, support obligations, or indemnification provisions of these Terms. Rever may modify, suspend, or discontinue any Beta Service at any time without notice or liability. Customer uses Beta Services at their own risk. Customer should not rely on a Beta Service as the sole control over any financial reporting process. Any feedback on a Beta Service is Feedback under Section 6.3.
3. Deployment-Specific Terms
3.1. Cloud Service
For Rever's cloud-hosted Service:
(a) Rever hosts and manages the infrastructure, and Customer accesses the Service via the web or mobile applications.
(b) The Service is subject to the Service Level Agreement. Service credits under the SLA are Customer's sole and exclusive remedy for any failure to meet the availability commitment.
(c) Rever is responsible for maintaining the security of the hosting environment in accordance with its security practices described at rever.ai/trust.
3.2. Self-Hosted Service
For Rever's self-hosted deployment (offered under the product name "Rever Reserve"):
(a) Subject to payment of applicable Fees, Rever grants Customer a limited, non-exclusive, non-transferable license to install and operate the Service on Customer's own infrastructure during the Subscription Term.
(b) Rever will provide Customer with a license key to activate the self-hosted Service. The license key is tied to Customer's subscription and may not be shared or transferred.
(c) Customer is solely responsible for: provisioning and maintaining the infrastructure; performing backups; applying updates and patches provided by Rever; and maintaining the security and integrity of the self-hosted environment, including any Customer Data stored therein.
(d) Rever's support obligations for self-hosted deployments are limited to the software itself and do not extend to Customer's infrastructure, networking, or third-party components.
(e) Customer will remain on a supported release. Rever supports the current release and the two immediately preceding minor releases. Customer will apply security patches within thirty (30) days of release.
(f) On Rever's written request, not more than once in any twelve-month period, Customer will certify in writing the number and location of its self-hosted deployments. Rever may audit compliance on thirty (30) days' notice, during business hours, at Rever's expense unless the audit reveals under-licensing of more than five percent.
4. Customer Data
4.1. Ownership
As between the parties, Customer retains all rights, title, and interest in and to Customer Data. Subject to these Terms, Customer grants Rever a non-exclusive, worldwide, royalty-free license to access, use, process, copy, and display Customer Data solely as necessary to:
(a) provide, maintain, and improve the Service, subject to the restrictions in Section 5.5;
(b) prevent or address technical issues, security incidents, or fraud;
(c) respond to Customer's support requests;
(d) comply with applicable legal obligations; and
(e) as otherwise authorized by Customer in writing.
4.2. Customer Responsibilities
Customer represents and warrants that:
(a) it has obtained all necessary rights, consents, and permissions to submit Customer Data to the Service and to authorize Rever's access to each Connected System;
(b) Customer Data does not violate any third-party rights or applicable Laws; and
(c) Customer's use of the Service complies with all applicable Laws, including data protection and privacy regulations.
4.3. Sensitive Data
Customer must not submit to the Service any data that requires unique handling under special legislation, including:
(a) categories of data identified in Article 9(1) of EU Regulation 2016/679 or equivalent legislation;
(b) protected health information regulated by HIPAA, unless Customer has executed a Business Associate Agreement ("BAA") with Rever;
(c) payment card primary account numbers in unmasked form, card verification values, or magnetic stripe or chip track data; or
(d) other sensitive personal information as defined under applicable privacy laws;
except to the extent Rever has expressly agreed to handle such data in a separately executed written agreement (such as a BAA). For clarity, truncated or masked card numbers, transaction descriptors, settlement records and similar payment metadata routinely present in ledger and bank records are not prohibited by this Section. Rever is not a PCI DSS service provider and the Service is not certified for storage of cardholder data.
4.4. Data Processing
Rever's processing of personal data contained within Customer Data is governed by the Data Processing Agreement, which is incorporated into these Terms by reference.
4.5. Retention and Backup
Rever maintains backups of cloud-hosted Customer Data in accordance with the security measures published at rever.ai/legal/security-measures. Customer Data is retained for the duration of the Subscription Term and the export window described in Section 9.5(b). Customer is responsible for maintaining its own records to the extent required by applicable retention, tax, or audit obligations.
5. AI Features and Operating Safeguards
5.1. AI Features
Rever offers AI-powered features as part of the Service ("AI Features"). AI Features assist with tasks including natural-language querying of Customer's finance records with source citation, continuous reconciliation and matching, anomaly and control-exception detection, preparation of proposed journal entries and accruals, decision-time notifications, and workflow automation. Rever will describe the material capabilities and known limitations of AI Features in the Documentation.
5.2. Operating Floors
The following safeguards apply to every plan, including free and Beta plans, and are not tier-dependent:
(a) No autonomous posting. AI Features do not post entries to, or otherwise alter records in, a Connected System without a human approval recorded in the Service.
(b) Separation of duties. The identity that prepares or proposes an action cannot be the identity that approves it.
(c) Replay. Every action taken through the Service is recorded with its inputs, source records and approver, and can be replayed.
5.3. Read-Only Default and Write-Back Authorization
The Service operates read-only by default. Rever will not write to, modify or delete records in any Connected System unless Customer expressly enables write-back for that Connected System. Where Customer enables write-back, Customer grants Rever a limited, revocable authority to act in that Connected System using the credentials and permissions Customer provides, subject at all times to the floors in Section 5.2. Customer is responsible for scoping those credentials and permissions, and may revoke write-back at any time through the Service. Customer's existing ledger remains its system of record.
5.4. Autonomy Configuration
Where the Service permits Customer to configure the degree of autonomy at which AI Features operate, including approval thresholds and which categories of action require human review, Customer is responsible for its configuration and for ensuring it reflects Customer's internal control requirements. Rever is not responsible for the consequences of an action taken within the autonomy Customer has configured and approved, save for Rever's own breach of these Terms.
5.5. Customer Data and Model Training
Rever does not use Customer Data to train any machine learning model that is made available to, or that influences outputs delivered to, any other customer. Customer Data processed by AI Features is used solely to generate Output for the requesting Customer. Any personalization or tuning derived from Customer Data operates only within Customer's own tenancy and does not leave it. Rever contractually requires each third-party model provider it engages not to retain Customer inputs or outputs for model training purposes. Rever may use AI Features provided by third-party providers; the current list of sub-processors is available at rever.ai/legal/sub-processors.
5.6. Output, Review and Professional Responsibility
Customer is responsible for reviewing and evaluating all Output generated by AI Features before relying on it. AI-generated Output may be inaccurate, incomplete, or unsuitable for Customer's purposes. Rever does not warrant the accuracy, completeness, or fitness for purpose of any AI-generated Output.
Rever is not a certified public accounting firm, an audit firm, a tax adviser or a law firm. The Service does not provide accounting, audit, attest, tax, actuarial or legal advice, and no Output constitutes assurance of any kind. Customer remains solely responsible for the accuracy and completeness of its books and records, its financial statements, its internal controls and its regulatory filings, and for the professional judgment applied to any Output.
5.7. Regulatory Change
AI regulation is developing. Rever may amend this Section 5 on reasonable notice where required for compliance with applicable Law, in accordance with Section 16.8. Where Customer deploys the Service in a manner that makes Customer a deployer, provider or equivalent regulated party under any applicable AI legislation, Customer is responsible for its own obligations in that capacity, and Rever will provide information reasonably necessary for Customer to meet them.
6. Intellectual Property
6.1. Rever's Intellectual Property
Rever and its licensors retain all right, title, and interest in and to the Service, Documentation, and all related technology, including all Intellectual Property Rights therein. Except for the limited license granted in Sections 2.2 and 3.2, no rights in the Service or Rever's intellectual property are granted to Customer. The Service is made available on a limited access basis, and no ownership rights are transferred to Customer. Rever reserves all rights not expressly granted under these Terms.
6.2. Customer Data and Output
As between the parties, Customer retains all right, title, and interest in and to Customer Data. Subject to Customer's compliance with these Terms, Rever assigns to Customer all right, title and interest Rever may have in Output generated for Customer, on a non-exclusive basis. Customer may use Output for any lawful business purpose.
Customer acknowledges that:
(a) Output may be generated based on patterns and may not be unique;
(b) similar or identical Output may be generated for other customers; and
(c) the assignment in this Section confers no exclusivity and no rights in the underlying models, algorithms or systems.
Rever retains all rights in the underlying models, algorithms, and systems used to generate Output.
6.3. Feedback
If Customer or any Authorized User provides suggestions, ideas, enhancement requests, recommendations, or other feedback relating to the Service ("Feedback"), such Feedback is provided voluntarily and without restriction. Customer hereby grants Rever a perpetual, irrevocable, worldwide, royalty-free, transferable, and sublicensable license to use, reproduce, modify, create derivative works from, distribute, and otherwise exploit such Feedback for any purpose, without any obligation, compensation, or attribution to Customer.
6.4. Usage Data
Rever may collect, use, and analyze Usage Data to operate, secure, monitor, maintain, improve, and develop the Service and for other legitimate business purposes, including analytics and benchmarking. Rever may disclose Usage Data only in aggregated and/or de-identified form that does not identify Customer or any individual, and subject to the cohort minimum in Section 1. Usage Data, and all insights, analytics, models, and improvements derived therefrom, are and will remain the exclusive property of Rever.
7. Fees and Payment
7.1. Fees and Scope Units
Customer will pay the fees set out in the applicable Order Form ("Fees"). Fees are calculated on Scope Units, not on the number of Authorized Users. The Scope Units are:
(a) Entities - the number of legal entities whose records are processed through the Service;
(b) Connected Systems - the number of data sources connected to the Service; and
(c) Volume - transaction volume processed through the Service, measured as set out in the Order Form.
The Order Form will state the Scope Units included, the applicable band or threshold for each, and the rate applicable above it. Fees are exclusive of Taxes. Scope Units may be increased at any time during a Subscription Term, charged pro rata from the date of increase. Reductions in Scope Units take effect at the start of the next Subscription Term and do not give rise to a refund or credit during the current term.
7.2. Value Reference and Fee Cap
Rever sets Fees by reference to the value identified for Customer in the Proof of Value, with the objective that Fees for a Subscription Term fall within a range of ten percent (10%) to twenty-five percent (25%) of that value. Fees payable for any Subscription Term will not exceed twenty-five percent (25%) of the value identified in the Proof of Value for that Customer, as recorded in the Order Form. Where Fees would otherwise exceed that cap, the excess is applied as a credit against the next invoice. The value figure is fixed in the Order Form at the start of the Subscription Term and is not recalculated during the term.
7.3. Proof of Value
Rever may offer a no-charge Proof of Value before a paid Subscription Term. During the Proof of Value, Rever connects to Customer's systems on a read-only basis and assesses Customer's historical records for the lookback period stated in the Order Form or on Rever's website. Findings are delivered with supporting evidence. The Proof of Value creates no obligation on either party to enter into a paid subscription. On expiry, Rever will delete or return Customer Data ingested for the Proof of Value within thirty (30) days unless Customer proceeds to a paid subscription. Sections 4, 5, 8, 10, 11 and 15 apply to the Proof of Value.
7.4. Metering, Records and Invoice Disputes
Rever measures Scope Unit consumption using the metering functions of the Service, and those records are the basis for invoicing. Rever will make current consumption visible to Customer within the Service throughout the Subscription Term and will make consumption records available for export. Rever will notify Customer when consumption reaches seventy-five percent (75%) and one hundred percent (100%) of any included threshold. Customer may dispute an invoice in good faith by written notice within fifteen (15) business days of the invoice date, setting out the basis of the dispute. Customer will pay the undisputed portion when due. The parties will resolve the dispute in good faith within fifteen (15) business days, and Rever will not suspend the Service for non-payment of a properly disputed amount during that period.
7.5. Payment Terms
Payments are processed through Stripe or another third-party payment processor designated by Rever. For customers paying by invoice, payment is due within thirty (30) days of the invoice date unless otherwise specified in the Order Form. Late payments may accrue interest at the lesser of 1.5% per month or the maximum rate permitted by applicable law.
7.6. Taxes
Fees do not include any applicable taxes, levies, duties, or similar governmental assessments ("Taxes"). Customer is responsible for all Taxes associated with its purchases, excluding taxes based solely on Rever's net income. If Rever is required to collect Taxes, they will be invoiced to Customer and Customer will pay such amounts.
7.7. Subscription Renewal
Subscriptions renew automatically for successive periods equal to the initial Subscription Term unless either party provides written notice of non-renewal at least thirty (30) days prior to the end of the then-current term. Rever may adjust pricing upon renewal with at least sixty (60) days' prior written notice.
7.8. Free Plans and Trials
Rever may offer free plans or trial periods at its discretion. Free plans and trials may have limited features and are provided without warranty, SLA, or support commitments. Rever may modify or discontinue free plans or trials at any time. The operating floors in Section 5.2 apply to free plans and trials without exception. On expiry of a free plan or trial, Rever may delete Customer Data associated with it after thirty (30) days.
7.9. Cancellation
(a) Monthly subscriptions: Customer may cancel a monthly subscription at any time through the account settings in the Service. Cancellation takes effect at the end of the then-current billing period. Customer will retain access to the paid Service through the remainder of that period.
(b) Annual subscriptions: Customer may cancel an annual subscription at any time through the account settings or by contacting support@rever.ai. Cancellation takes effect at the end of the then-current annual Subscription Term. Customer remains responsible for all Fees through the end of the term and will retain access to the paid Service until that date.
(c) Relationship to termination: Cancellation under this Section 7.9 is Customer's election not to continue a paid subscription. The legal consequences of cancellation - including Customer Data retrieval, license termination, and Confidential Information obligations - are governed by Section 9.5 (Effect of Termination).
7.10. Refunds
(a) Termination for cause by Customer: If Customer terminates these Terms due to Rever's uncured material breach under Section 9.2, Rever will refund Customer a pro-rated amount of any prepaid Fees covering the unused portion of the Subscription Term, calculated from the effective date of termination.
(b) Material changes to the Service: If Rever makes changes to the Service that materially reduce its core functionality and is unable to provide substantially equivalent functionality, Customer may terminate the affected Subscription Term within thirty (30) days of such change and receive a pro-rated refund of prepaid Fees for the unused portion of the term.
(c) Early cancellation of an annual plan: For annual subscriptions cancelled within the first thirty (30) days of the initial Subscription Term, Customer may request a refund by contacting support@rever.ai. Rever will refund the subscription Fee less Fees accrued for Scope Units consumed. This early cancellation refund is available only for the initial Subscription Term, does not apply to renewals, and does not apply to subscriptions purchased under an Order Form.
(d) No other refunds: Except as expressly provided in this Section 7.10, all Fees are non-refundable. Without limiting the foregoing, no refund is available for: partial months or billing periods of use; reductions in Scope Units during a Subscription Term; downgrade from a higher to a lower tier; free trials or free plans; or services identified by Rever as non-refundable at the time of purchase.
(e) Chargebacks: If Rever receives a chargeback or payment reversal for any Fees properly due under these Terms, this will be considered a breach of Customer's payment obligations. Rever may suspend or terminate access to the Service until the full amount, including any chargeback fees or processing costs incurred by Rever, has been paid. This is in addition to any other remedies available to Rever under these Terms or applicable law.
(f) Refund method: All refunds will be issued to the original payment method. Rever is not responsible for refunding any third-party fees, including wire transfer fees, currency conversion charges, or payment processor service charges.
7.11. Suspension for Non-Payment
If Customer's account is more than thirty (30) days overdue, Rever may suspend access to the Service after providing written notice to the billing contact named in the Order Form. Suspension does not relieve Customer of its payment obligations. Rever may, in place of suspension, restrict the Service to read-only operation.
8. Confidentiality
8.1. Obligations
The receiving party will: (a) protect the disclosing party's Confidential Information using at least the same degree of care it uses for its own confidential information, but no less than reasonable care; (b) not use Confidential Information for any purpose other than performing its obligations or exercising its rights under these Terms; and (c) limit access to Confidential Information to employees, affiliates, contractors, and advisors who need to know and are bound by written or professional confidentiality obligations at least as protective as those in these Terms.
8.2. Exclusions
Confidential Information does not include information that: (a) is or becomes publicly available without breach of these Terms; (b) was known to the receiving party prior to disclosure; (c) is received from a third party without breach of any confidentiality obligation; or (d) is independently developed without reference to the disclosing party's Confidential Information.
8.3. Compelled Disclosure
The receiving party may disclose Confidential Information to the extent required by law, subpoena, or court order, provided it gives the disclosing party prompt written notice (to the extent legally permitted) and reasonable cooperation to seek a protective order.
8.4. Scope
Customer Data is Customer's Confidential Information. The Service, its underlying technology, performance data, and the terms of any Order Form are Rever's Confidential Information.
8.5. Duration
The obligations in this Section 8 continue for five (5) years following termination or expiration of these Terms, and with respect to information constituting a trade secret, for so long as it remains a trade secret under applicable Law.
9. Term and Termination
9.1. Term
These Terms are effective from the Effective Date until all Subscription Terms have expired or been terminated.
9.2. Termination for Cause
Either party may terminate these Terms (including all related Order Forms) upon written notice if the other party: (a) materially breaches these Terms and fails to cure such breach within thirty (30) days after written notice, or ten (10) days in the case of a payment breach; or (b) ceases operations, becomes subject to insolvency proceedings, or makes an assignment for the benefit of creditors. If Customer terminates for cause under this Section, the refund provisions of Section 7.10(a) apply.
9.3. Cancellation by Customer
Customer may cancel its paid subscription in accordance with the procedures described in Section 7.9. Cancellation is an election not to renew and does not constitute termination for cause. Customer's billing obligations following cancellation are governed by Section 7.
9.4. Suspension and Termination by Rever
Rever may suspend or terminate Customer's access to the Service immediately upon written notice if: (a) Customer materially breaches these Terms or the AUP in a manner that is not reasonably curable; (b) continued provision of the Service to Customer would violate applicable Laws; or (c) Customer's account is suspended under Section 7.11 and remains unresolved for more than sixty (60) days.
In addition, Rever may suspend all or part of the Service immediately, with notice as soon as reasonably practicable, where necessary to address an active security threat, a compromised credential or account, or use that poses a material risk to the Service or to other customers. Rever will limit any such suspension to what is reasonably necessary and will restore the Service promptly once the risk is resolved. Suspension under this paragraph is not a termination and does not affect Fees.
9.5. Effect of Termination or Expiration
Upon any termination, expiration, or cancellation of a Subscription Term, regardless of cause:
(a) License: Customer's license to access and use the Service under the affected Subscription Term terminates immediately upon the effective date. For cancellations under Section 7.9, the effective date is the end of the then-current billing period or Subscription Term, as applicable.
(b) Customer Data - cloud-hosted: For cloud-hosted customers, Rever will make Customer Data available for export in a machine-readable format (CSV or via the API) for thirty (30) days, or ninety (90) days for Order Form customers, following the effective date of termination, expiration, or cancellation. After this period, Rever may delete all Customer Data from its systems and has no obligation to maintain or retrieve it. It is Customer's sole responsibility to export Customer Data within this window.
(c) Customer Data - self-hosted: For self-hosted customers, Customer must cease using the Service, deactivate the license key, and uninstall all copies of the software. Customer retains its own copies of Customer Data stored on its own infrastructure.
(d) Confidential Information: Each party will promptly return or destroy the other party's Confidential Information upon written request, except to the extent retention is required by applicable law or necessary to exercise surviving rights under these Terms.
(e) Outstanding fees: Any Fees accrued but unpaid as of the effective date of termination or expiration become immediately due and payable. Termination does not relieve Customer of any payment obligations incurred prior to the effective date. Refund rights, if any, are governed solely by Section 7.10.
(f) No further liability: Except for accrued obligations and the surviving provisions identified in Section 9.6, neither party will have further liability to the other under these Terms following the effective date of termination or expiration.
9.6. Survival
The following Sections survive termination or expiration of these Terms: 1 (Definitions), 2.6 (Restrictions), 4.1 (Ownership), 4.3 (Sensitive Data), 5.6 (Output, Review and Professional Responsibility), 6 (Intellectual Property), 7 (to the extent of accrued payment obligations and refund rights), 8 (Confidentiality), 9.5 (Effect of Termination), 9.6 (Survival), 10 (Warranties and Disclaimer), 11 (Limitation of Liability), 12 (Indemnification), 13 (Third-Party Services), 14 (Privacy and Security), 15 (Governing Law and Dispute Resolution), and 16 (General Provisions).
10. Warranties and Disclaimer
10.1. Mutual Warranties
Each party warrants that it has the authority to enter into these Terms and that its performance will comply with applicable Laws.
10.2. Rever Warranties
Rever warrants that: (a) during the Subscription Term, the cloud-hosted Service will perform materially in accordance with the Documentation; (b) it will not knowingly introduce malicious code into the Service; and (c) it will provide the Service with reasonable skill and care. Customer's exclusive remedy for breach of (a) is for Rever to correct the non-conformity or, if it cannot do so within thirty (30) days of written notice, for Customer to terminate the affected Subscription Term and receive a pro-rated refund of prepaid Fees.
10.3. Performance Information
Any performance figures, benchmarks, accuracy rates, time savings or comparable metrics published by Rever on its website or in marketing materials are aggregate observations drawn from Rever's customer base and are provided for illustration only. They are not warranties, commitments or representations as to the results Customer will achieve, and results vary with data quality, system configuration and Customer's own processes.
10.4. Disclaimer
EXCEPT AS EXPRESSLY PROVIDED IN THIS SECTION 10, THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE." TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, REVER AND ITS AFFILIATES, SUPPLIERS, AND LICENSORS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. REVER DOES NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
REVER DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY CONTENT, INFORMATION, OR RESULTS OBTAINED THROUGH THE SERVICE, INCLUDING ANY AI-GENERATED OUTPUT. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES. THE ABOVE DISCLAIMERS APPLY TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW.
11. Limitation of Liability
11.1. Exclusion of Consequential Damages
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR BUSINESS OPPORTUNITY, ARISING OUT OF OR RELATED TO THESE TERMS, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
11.2. Liability Cap
EXCEPT FOR EXCLUDED CLAIMS (DEFINED BELOW), EACH PARTY'S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THESE TERMS WILL NOT EXCEED THE TOTAL FEES PAID OR PAYABLE BY CUSTOMER DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR, IF GREATER, THE COMMITTED AMOUNT FOR THE THEN-CURRENT SUBSCRIPTION TERM. THIS LIMITATION IS CUMULATIVE AND NOT PER INCIDENT.
NOTWITHSTANDING THE FOREGOING, EACH PARTY'S AGGREGATE LIABILITY FOR A BREACH OF SECTION 14 (PRIVACY AND SECURITY) RESULTING IN UNAUTHORIZED ACCESS TO OR DISCLOSURE OF CUSTOMER DATA WILL NOT EXCEED TWO (2) TIMES THE AMOUNT DETERMINED UNDER THE PRECEDING PARAGRAPH.
11.3. Excluded Claims
"Excluded Claims" means: (a) Customer's breach of Section 2.6 (Restrictions) or the AUP; (b) either party's indemnification obligations under Section 12; (c) Customer's payment obligations; (d) either party's breach of Section 8 (Confidentiality); or (e) either party's gross negligence, willful misconduct or fraud.
11.4. Applicability
The limitations in this Section 11 apply regardless of the form of action and even if a limited remedy fails of its essential purpose. They will not apply to the extent prohibited by applicable law.
12. Indemnification
12.1. By Rever
Rever will defend Customer against any third-party claim alleging that the Service, as provided by Rever and used in accordance with these Terms and the Documentation, infringes that third party's patent, copyright, trademark or trade secret rights, and will indemnify Customer against damages and costs finally awarded or agreed in settlement of such claim.
If the Service becomes, or Rever believes it may become, the subject of such a claim, Rever may at its option: (a) procure the right for Customer to continue using the Service; (b) modify or replace the Service so that it is non-infringing while materially preserving its functionality; or (c) terminate the affected Subscription Term and refund prepaid Fees for the unused portion.
Rever has no obligation under this Section 12.1 to the extent a claim arises from: (i) Customer Data; (ii) Output, or any use of or reliance on Output; (iii) modification of the Service by anyone other than Rever; (iv) combination of the Service with products, data or services not provided by Rever, where the claim would not have arisen but for the combination; (v) use of the Service other than in accordance with these Terms or the Documentation; or (vi) any Beta Service or free plan.
12.2. By Customer
Customer will defend, indemnify, and hold harmless Rever from and against any third-party claims, damages, and costs arising from: (a) Customer Data, including any allegation that Customer Data infringes or violates third-party rights; (b) Customer's or any Authorized User's violation of these Terms or applicable Laws; (c) Customer's or any Authorized User's use of the Service in combination with third-party products or services; or (d) Customer's misuse or unauthorized use of the Service.
12.3. Indemnification Procedures
The indemnified party must: (a) give prompt written notice of the claim; (b) grant the indemnifying party sole control over the defense and settlement; and (c) provide reasonable cooperation at the indemnifying party's expense. The indemnifying party may not settle any claim in a manner that imposes liability on or requires admission by the indemnified party without the indemnified party's prior written consent. The indemnifying party will bear the costs of defense and any damages or settlement amounts.
13. Third-Party Services and Integrations
13.1. Integrations
The Service may integrate with third-party applications, platforms, and services ("Third-Party Services"). Customer's use of Third-Party Services is governed by separate agreements between Customer and the applicable third-party provider. Rever does not endorse, warrant, or assume responsibility for any Third-Party Service. Rever is not liable for any change, deprecation, rate limit, outage or discontinuation of a Third-Party Service or its APIs, and any resulting unavailability of an integration is excluded from the SLA.
13.2. Importers
Rever offers tools to facilitate the import of data from third-party platforms. Customer is responsible for ensuring that its use of importers complies with the terms of service of the source platform and all applicable Laws.
13.3. Third-Party Authentication
Customer may authenticate to the Service using credentials from third-party providers (such as Google or SSO via SAML/OIDC). Customer's relationship with those providers is governed by their respective terms. Rever is not responsible for any acts or omissions of third-party authentication providers.
14. Privacy and Security
14.1. Security
Rever maintains an information security program that includes: SOC 2 Type II examination on an annual basis, with reports available under NDA; ISO/IEC 27001:2022 certification; encryption of Customer Data in transit and at rest using AES-256 or equivalent; logical separation of each customer's data in a dedicated database; and the technical and organizational measures published at rever.ai/legal/security-measures. Customer-managed encryption keys are available on the Enterprise tier. Rever may update its security measures provided it does not materially reduce their protective effect during the Subscription Term.
14.2. Privacy
Rever's collection, use, and disclosure of personal data is described in the Privacy Policy, which is incorporated into these Terms by reference.
14.3. Sub-Processors
Rever maintains a list of sub-processors at rever.ai/legal/sub-processors. Rever will notify Customer of material changes to its sub-processor list in accordance with the DPA.
14.4. Data Residency
Customer may elect the region in which its Customer Data is hosted from those Rever offers, currently the United States, European Union, United Kingdom, India and Singapore, or may elect self-hosted deployment within its own network. The elected region is recorded in the Order Form. Rever will not relocate Customer Data outside the elected region without Customer's prior written consent, except as necessary for support access described in the DPA.
15. Governing Law and Dispute Resolution
15.1. Governing Law
These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict-of-law principles. The United Nations Convention on Contracts for the International Sale of Goods does not apply.
15.2. Class Action Waiver
To the fullest extent permitted by law, both parties agree to bring any claims in an individual capacity only. Neither party may participate in a class action, collective action, or representative proceeding related to these Terms unless both parties agree in writing.
15.3. Arbitration
Any dispute, controversy, or claim arising out of or relating to these Terms ("Dispute") that cannot be resolved through good-faith negotiation within thirty (30) days of written notice will be resolved through final and binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. Arbitration will be conducted by a sole arbitrator, seated in Wilmington, Delaware, conducted in English, and governed by the law specified in Section 15.1. The arbitrator's decision will be final and binding and enforceable in any court of competent jurisdiction.
Where an Order Form so specifies, the parties may instead submit to the exclusive jurisdiction of the state and federal courts located in Delaware, in which case Sections 15.2 and 15.3 do not apply.
15.4. Exceptions
Nothing in this Section 15 prevents either party from seeking injunctive or other equitable relief in any court of competent jurisdiction to prevent irreparable harm, including for the protection of intellectual property rights, or from bringing an action in a court of competent jurisdiction for claims of intellectual property infringement.
15.5. Statute of Limitations
Any claim arising under these Terms must be commenced within eighteen (18) months from the date the claimant knew or reasonably should have known of the basis for the claim.
15.6. Confidential Proceedings
All arbitration proceedings, communications, and awards are strictly confidential. Neither party may make public announcements or disclosures regarding the dispute, arbitration, or any award without the other party's prior written consent, except as required by applicable law.
16. General Provisions
16.1. Export Controls
Customer represents and warrants that: (a) it is not located in, and will not use, export, or re-export the Service to, any country or person subject to comprehensive U.S. economic or trade sanctions; (b) it is not identified on any U.S. government list of prohibited or restricted parties; and (c) Customer Data is not controlled under the U.S. International Traffic in Arms Regulations. Customer is solely responsible for complying with all applicable export control and sanctions laws.
16.2. Government Use
If Customer is a U.S. government entity, the Service qualifies as "Commercial Computer Software" and "Commercial Computer Software Documentation" as defined in FAR 2.101, FAR 12.212, and DFARS 227.7202. Customer's rights are limited to those granted to the public under these Terms.
16.3. Publicity
For subscriptions purchased online without an Order Form, Rever may identify Customer as a Rever customer and use Customer's name and logo on Rever's website and marketing materials; Customer may revoke this permission at any time by written request to legal@rever.ai. For subscriptions purchased under an Order Form, Rever will use Customer's name or logo only with Customer's prior written consent, which may be given in the Order Form.
16.4. Assignment
Neither party may assign these Terms without the other party's prior written consent, except that either party may assign these Terms in connection with a merger, acquisition, reorganization, or sale of all or substantially all of its assets or voting securities. Assignments to a direct competitor of the non-assigning party require consent. Any unauthorized assignment is null and void.
16.5. Force Majeure
Neither party will be liable for failure or delay in performance due to causes beyond its reasonable control, including natural disasters, war, terrorism, pandemics, government actions, denial-of-service attacks, or third-party infrastructure failures. The affected party must provide prompt written notice and take reasonable steps to mitigate the impact. If the event continues for more than thirty (30) business days, either party may terminate these Terms upon written notice. This Section does not excuse any payment obligation.
16.6. Notices
Notices under these Terms must be in writing. Rever may send notices via the Service, email, or first-class mail to the address on record. Notices to Rever must be sent to:
5 Schwinn Dr, Nashua, NH 03062, USA
Attention: Legal Department
Email: legal@rever.ai
Electronic notices are deemed received on the first business day after sending. Notices of termination, breach or indemnification must be sent by email to legal@rever.ai with a copy by mail, and are effective on receipt.
16.7. Entire Agreement and Order of Precedence
These Terms, together with any Order Forms, the DPA, the AUP, the SLA, the EULA (for self-hosted deployments) and any other documents expressly incorporated by reference, constitute the entire agreement between the parties regarding the subject matter hereof and supersede all prior and contemporaneous agreements, proposals, and communications, written or oral.
In the event of conflict, the following order of precedence applies: (1) the applicable Order Form; (2) the DPA; (3) these Terms; (4) the EULA; (5) the AUP; (6) the SLA; (7) the Documentation.
16.8. Amendments
Rever may update these Terms from time to time. For existing customers, changes become effective upon renewal of the current Subscription Term unless Rever specifies an earlier effective date (such as for legal compliance or product changes). Rever will use reasonable efforts to notify Customer of material changes. If Rever specifies that changes take effect before the next renewal and Customer objects, Customer may terminate the affected Subscription Term and receive a pro-rated refund of prepaid Fees for the unused portion.
16.9. Severability
If any provision of these Terms is held unenforceable, it will be modified to the minimum extent necessary to make it enforceable, or severed if modification is not possible, and the remaining provisions will continue in full force and effect.
16.10. No Waiver
A delay or failure by either party to enforce any right does not constitute a waiver of that right. All waivers must be in writing and signed by an authorized representative.
16.11. Independent Contractors
The parties are independent contractors. Nothing in these Terms creates a partnership, joint venture, franchise, agency, fiduciary, or employment relationship.
16.12. Subcontractors
Rever may use subcontractors to perform its obligations under these Terms, provided Rever remains responsible for their compliance and for the overall delivery of the Service. Sub-processing of personal data is governed by the DPA.
16.13. Contact
For questions about these Terms, contact us at:
5 Schwinn Dr, Nashua, NH 03062, USA
Email: legal@rever.ai
Web: Contact us
To report violations of these Terms, email: legal@rever.ai