Terms and Conditions of Use
Last Updated: December 2024
Welcome to IFRS16 Calculator. These Terms and Conditions ("Terms") govern your access to and use of the IFRS16 Calculator website located at www.ifrs16calculator.com ("Service"). By accessing or using the Service, you agree to be bound by these Terms.
If you do not agree to these Terms, please do not use the Service.
1. Disclaimer of Financial and Professional Advice
IMPORTANT DISCLAIMER
THE IFRS16 CALCULATOR IS A TOOL FOR INFORMATIONAL AND ESTIMATION PURPOSES ONLY.
1.1 No Guarantee of Accuracy
While we strive for accuracy, the calculations provided by this Service are based solely on:
- The inputs you provide
- Standard IFRS 16 present value and amortization formulae
The Service does not account for, and should not be relied upon for:
- Complex lease modifications, reassessments, or terminations
- Variable lease payments linked to an index or rate
- Residual value guarantees
- Purchase options or termination penalties
- Foreign currency translation adjustments
- Local tax regulations or implications
- Lease incentives or initial direct costs
- Changes in accounting standards after our last update
1.2 No Professional Advice
The information provided by this Service, including amortization schedules, present value calculations, educational content, and FAQs, does not constitute:
- Professional accounting advice
- Financial advice or recommendations
- Legal advice
- Tax advice
- Audit advice
1.3 Consultation Required
You should always consult with a qualified professional before:
- Making financial decisions based on calculator outputs
- Preparing regulatory filings or financial statements
- Implementing lease accounting policies
- Making business decisions related to lease arrangements
We expressly disclaim any and all liability for any decisions, actions, or omissions taken based on the use of this Service.
2. User Conduct and Responsibilities
2.1 Accuracy of Input
You are solely responsible for:
- Ensuring the accuracy and completeness of data you enter into the calculator
- Verifying that outputs are appropriate for your specific circumstances
- Understanding the limitations of the calculator's functionality
2.2 Acceptable Use
You agree not to use the Service to:
- Violate any applicable laws or regulations
- Infringe upon the rights of others
- Transmit malicious code, viruses, or harmful content
- Attempt to gain unauthorized access to the Service or its systems
- Interfere with or disrupt the Service's operation
- Scrape, harvest, or collect data from the Service without permission
- Use automated systems to access the Service in a manner that sends more requests than a human could reasonably produce
2.3 Email Subscription Consent
By submitting your email address to download a CSV schedule or access premium features, you consent to receive periodic marketing and informational emails related to IFRS 16 and lease accounting topics. You may unsubscribe from these communications at any time by clicking the unsubscribe link in any email or contacting us directly.
3. Intellectual Property
3.1 Ownership
The Service, including but not limited to:
- Visual design and user interface
- Calculator functionality and underlying code
- Educational content, guides, and FAQs
- Logos, trademarks, and branding
are and will remain the exclusive property of IFRS16 Calculator and its licensors.
3.2 License to Use
We grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service for personal and professional purposes in accordance with these Terms.
3.3 Restrictions
You may not, without our express prior written permission:
- Reproduce, distribute, or modify the Service
- Create derivative works based on the Service
- Publicly display or perform the Service
- Reverse engineer or attempt to extract the source code
- Remove any copyright or proprietary notices
3.4 User-Generated Content
Any feedback, suggestions, or ideas you provide about the Service may be used by us without any obligation to compensate you.
4. Limitation of Liability
4.1 Disclaimer of Warranties
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
4.2 Limitation of Damages
TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL IFRS16 CALCULATOR, ITS OWNERS, OPERATORS, AFFILIATES, OR LICENSORS BE LIABLE FOR ANY:
- Indirect, incidental, special, consequential, or punitive damages
- Loss of profits, revenue, data, or business opportunities
- Financial losses arising from use of or reliance on the Service
- Errors or inaccuracies in calculations or content
This limitation applies regardless of the theory of liability and even if we have been advised of the possibility of such damages.
4.3 Indemnification
You agree to indemnify and hold harmless IFRS16 Calculator and its owners, operators, and affiliates from any claims, damages, losses, or expenses arising from your use of the Service or violation of these Terms.
5. Third-Party Services
The Service uses third-party services including:
- Google Analytics: For website analytics and usage tracking
- Google AdSense: For displaying advertisements
- Formspree: For processing contact form submissions
Your use of these services is subject to their respective terms and privacy policies.
6. Modifications to Service and Terms
6.1 Service Changes
We reserve the right to modify, suspend, or discontinue the Service (or any part thereof) at any time, with or without notice.
6.2 Terms Changes
We may update these Terms from time to time. We will notify you of significant changes by posting the new Terms on this page and updating the "Last Updated" date. Your continued use of the Service after changes are posted constitutes acceptance of the updated Terms.
7. Termination
We may terminate or suspend your access to the Service immediately, without prior notice or liability, for any reason, including without limitation if you breach these Terms.
Upon termination, your right to use the Service will immediately cease.
8. Governing Law and Dispute Resolution
8.1 Governing Law
These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of law provisions.
8.2 Dispute Resolution
Any disputes arising from or relating to these Terms or the Service shall be resolved through good-faith negotiation. If negotiation fails, disputes shall be submitted to the exclusive jurisdiction of the courts of Singapore.
9. Severability
If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.
10. Contact Information
Questions about these Terms of Use should be sent to us at:
- Email: ifrscalculator@gmail.com
- Contact Form: Contact Page