The agreement between you and Closeable for using the product.
Last updated: [Effective date — set at launch]
These Terms of Service ("Terms") govern your access to and use of Closeable, operated by [legal entity name], a [entity type and state of formation] ("Closeable," "we," "us"). By creating an account or using the service, you agree to these Terms. If you do not agree, do not use Closeable.
Closeable is a financial calculation tool. It sizes a financing stack, computes debt-service coverage, and returns an estimated read on whether a deal is likely to clear SBA underwriting. Closeable is not a lender, broker, advisor, or underwriter, makes no credit decision, and recommends no transaction. All outputs are estimates — see our Disclaimer, which is incorporated into these Terms.
Closeable is currently in beta and offered free of charge, subject to reasonable limitations and fair usage. Features may change, break, or be removed during beta, and we may impose usage limits to keep the service available to everyone. [Describe any specific beta limits — e.g., deal-run caps, file-size limits.]
You are responsible for the accuracy of every figure you enter or confirm, for keeping your account secure, and for all activity under your account. Closeable's output depends entirely on your inputs; document OCR can contain errors, and you must review extracted figures before relying on a result.
During the beta, Closeable is free. When paid plans take effect, they are expected to be offered as: Searcher at $99/month, Broker / Pro at $249/month, and a Single memo at $199 (one-time). [Confirm final pricing, billing cadence, renewal, taxes, and refund policy at launch.] Subscriptions [renew automatically until cancelled / are billed as described at checkout]. You may cancel at any time; [describe what happens to access on cancellation].
Closeable is provided "as is" and "as available," without warranties of any kind, express or implied, including any warranty of merchantability, fitness for a particular purpose, accuracy, or non-infringement. We do not warrant that outputs are accurate, that the service will be uninterrupted or error-free, or that any deal will be funded.
To the maximum extent permitted by law, Closeable and its operators will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any lost profits, lost deals, or financing decisions made in reliance on the service. [Insert aggregate liability cap — e.g., the greater of the amounts you paid in the prior 12 months or $100.] Some jurisdictions do not allow certain limitations, so parts of this section may not apply to you.
You may stop using Closeable and delete your account at any time. We may suspend or terminate access if you violate these Terms or misuse the service. [Describe data handling on termination and which sections survive.]
We may update these Terms from time to time. Material changes will be communicated [method — e.g., by email or an in-app notice], and continued use after changes take effect constitutes acceptance.
These Terms are governed by the laws of [governing-law state/jurisdiction], without regard to conflict-of-laws rules. [Insert venue, dispute-resolution, and any arbitration terms as advised by counsel.]
Questions about these Terms? Email hello@closeable.app.