Terms of Service — Project Diamond

1. Acceptance of terms

By creating an account or using Project Diamond ("the Service"), you agree to these Terms of Service ("Terms"). If you are using the Service on behalf of an organization, you represent that you have authority to bind that organization to these Terms.

2. The service

Project Diamond provides software to prepare, review, and document Section 409A valuations of private company equity. The Service is a tool — it does not provide legal, tax, accounting, or appraisal advice. Final responsibility for any valuation conclusion, board approval, and tax filing rests with the user and their qualified advisors.

3. Accounts and access

You are responsible for maintaining the confidentiality of your credentials and for all activity under your account. You must notify us immediately of any unauthorized access. Workspace administrators are responsible for the membership and role assignments within their workspace.

4. Customer data and confidentiality

You retain all rights to data you submit (cap table, financials, narrative content, uploaded documents). We process this data solely to provide the Service. We do not sell customer data and do not use it to train third-party AI models. Workspace data is logically isolated by tenant and protected by row-level security.

5. Acceptable use

You agree not to: (a) reverse-engineer or attempt to extract source code; (b) use the Service to violate any law or third-party right; (c) upload content you do not have the right to upload; (d) submit knowingly false data to manipulate a valuation conclusion; (e) interfere with the integrity, security, or performance of the Service.

6. Audit trail and finalized valuations

Once a valuation is marked "final", its inputs and outputs are immutable within the Service. This is a deliberate design choice to support auditor review. Corrections require creating a new version. We are not responsible for downstream consequences of relying on a finalized valuation.

7. Fees

Paid plans are billed in advance for the term selected. Fees are non-refundable except where required by law. We may change pricing on renewal with at least 30 days' notice.

8. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. We do not warrant that any valuation produced by the Service will be accepted by the IRS, an auditor, or any other reviewing body.

9. Limitation of liability

To the maximum extent permitted by law, our total liability for any claim arising out of or relating to the Service shall not exceed the amount you paid us in the twelve months preceding the claim. We are not liable for indirect, incidental, special, consequential, or punitive damages.

10. Termination

You may cancel your subscription at any time from your workspace settings. We may suspend or terminate accounts that violate these Terms. On termination you may export your data for 30 days, after which it may be permanently deleted.

11. Changes to these terms

We may update these Terms from time to time. Material changes will be communicated by email or in-app notice at least 30 days before they take effect. Continued use after the effective date constitutes acceptance.

12. Contact

Questions about these Terms? Email legal@projectdiamond.example or visit our contact page.