Terms of Service

1. Acceptance of Terms

By accessing or using Clarevon ("the Service"), you agree to be bound by these Terms of Service ("Terms"). If you are using the Service on behalf of an organisation, you represent that you have authority to bind that organisation to these Terms. If you do not agree, do not use the Service.

2. The Service

Clarevon provides lease accounting software designed to assist finance teams in preparing lease calculations, journal entries, and disclosures under IFRS 16.

Important: Clarevon is a software tool, not an accounting advisory service. The outputs of the Service including amortisation schedules, journal entries, and disclosure notes are prepared based on the data you input. You remain solely responsible for the accuracy of input data and for ensuring your financial statements comply with applicable accounting standards. We strongly recommend having your outputs reviewed by a qualified accountant or auditor.

3. Accounts and Registration

• You must provide accurate and complete information when creating an account.
• You are responsible for maintaining the security of your account credentials.
• You must notify us immediately of any unauthorised access to your account.
• You may not share your account with third parties or create accounts on behalf of others without their consent.
• Each organisation is a separate tenant. Your data is isolated from all other tenants.

4. Subscription and Billing

Clarevon is offered on a subscription basis. Plans are billed monthly or annually as selected at registration or upgrade. All prices are displayed in your local currency based on your registered country.

• Free plan: New accounts receive a Free forever plan with no credit card required. Free accounts are limited to 5 leases, 1 user, and 1 accounting standard (IFRS 16). There is no time limit on the Free plan.
• Grace period: If a paid subscription expires without renewal, a 3-day grace period is granted. After the grace period, account access is suspended until payment is received.
• Refunds: We do not offer refunds for subscription fees already paid. If you cancel mid-period, your access continues until the end of the paid period.
• Price changes: We will notify you at least 30 days before any price changes take effect.

5. Acceptable Use

You agree not to:

• Use the Service to process data you do not have the right to use
• Attempt to gain unauthorised access to any part of the Service or other tenants
• Reverse engineer, decompile, or attempt to extract the source code of the Service
• Use the Service in any manner that violates applicable laws or regulations
• Upload malicious files, scripts, or content designed to harm the Service or other users
• Resell, sublicense, or otherwise commercialise access to the Service without our written consent

6. Your Data

You retain ownership of all data you input into the Service. By using the Service, you grant Clarevon a limited licence to store, process, and display your data solely for the purpose of providing the Service to you.

We do not sell your data, share it with third parties for advertising, or use it to train AI models. See our Privacy Policy for full details on how we handle your data.

7. ERP Integrations and Third-Party Connected Services

Clarevon allows you to connect your accounting or ERP system — including QuickBooks Online, Microsoft Dynamics 365, SAP, Oracle, Xero, NetSuite, and Sage — to enable automatic posting of lease journal entries.

Connecting an ERP system is entirely optional. All core lease accounting functionality is available without an ERP connection. You are responsible for ensuring that the journal entries generated by Clarevon are reviewed and appropriate before posting to your financial systems.

8. Intellectual Property

The Service, including its software, design, trademarks, and content, is owned by Clarevon and protected by intellectual property laws. Nothing in these Terms transfers ownership of the Service or its components to you.

You may not reproduce, distribute, or create derivative works from the Service without our express written permission.

9. Disclaimers and Limitation of Liability

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DO NOT WARRANT THAT THE SERVICE WILL BE ERROR-FREE, UNINTERRUPTED, OR THAT THE OUTPUTS WILL SATISFY YOUR SPECIFIC ACCOUNTING REQUIREMENTS.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, CLAREVON SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING FROM YOUR USE OF THE SERVICE, INCLUDING DAMAGES ARISING FROM THE USE OF ERP INTEGRATION FEATURES OR JOURNAL ENTRIES POSTED TO THIRD-PARTY ACCOUNTING SYSTEMS. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT PAID BY YOU IN THE 12 MONTHS PRECEDING THE CLAIM.

You acknowledge that accounting standards are complex and subject to interpretation. Clarevon outputs should always be reviewed by a qualified professional before inclusion in statutory financial statements.

10. Termination

Either party may terminate at any time. You may cancel your subscription from the billing page. We may terminate or suspend access if you breach these Terms, fail to pay subscription fees, or if we reasonably believe your use of the Service poses a risk to other users or the platform.

Upon termination, your data will be retained for 30 days to allow export, after which it will be permanently deleted. Any OAuth tokens or ERP credentials stored on your behalf will be permanently deleted within 24 hours of account termination.

11. Governing Law

These Terms are governed by the laws of the Federal Republic of Nigeria. Any disputes shall be subject to the exclusive jurisdiction of the courts of Lagos State, Nigeria.

12. Changes to These Terms

We may update these Terms from time to time. We will notify you by email at least 14 days before material changes take effect. Continued use of the Service after changes become effective constitutes acceptance of the updated Terms.

13. Contact

For questions about these Terms, contact us at legal@clarevon.com.