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You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The Lender may, at its sole discretion, assign its rights and obligations under this Agreement to any third party without your prior consent.
Summary: This clause allows the Lender to transfer their responsibilities and benefits from this agreement to another party without needing your permission beforehand. Obligations: No specific obligations are placed on you within this clause; it primarily describes the Lender's right. Risks / Penalties: No direct pen...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
You agree to indemnify, defend, and hold harmless the Service Provider from and against any and all claims, liabilities, damages, losses, and expenses, including reasonable attorneys' fees, arising out of or in any way connected with your use of the Services or your breach of this Agreement.
Summary: This clause requires you to protect the Service Provider from legal issues and costs if they arise from your use of their services or if you break this agreement. Obligations: - You must indemnify (compensate for loss) the Service Provider. - You must defend the Service Provider against claims. - You must hol...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
ATM transactions will incur a $3.00 fee if not performed at a network ATM. This fee is subject to change without notice.
Summary: Using an ATM that is not part of our network will cost you $3.00, and this fee might change at any time without advance warning. Obligations: You have no explicit obligation in this clause, but implicitly, if you wish to avoid the fee, you must use a network ATM. Risks / Penalties: You will be charged a $3.0...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Beneficiaries must claim funds within 90 days of notification or funds will revert to the trustor.
Summary: If you are a beneficiary, you have 90 days from the date you are informed to claim the money. If you do not, the money will go back to the person who set up the trust. Obligations: - Beneficiaries must claim funds. - This claim must be made within 90 days of receiving notification. Risks / Penalties: If a be...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers shall notify the Company immediately of any unauthorized use of their account or any other breach of security. Failure to do so may result in your forfeiture of rights to certain protections hereunder.
Summary: You must tell the Company right away if anyone uses your account without permission or if there's any other security problem. If you don't, you might lose some of your protective rights under this agreement. Obligations: - You must immediately notify the Company of any unauthorized use of your account. - You ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Any user-generated content you submit grants us a worldwide, non-exclusive, royalty-free, perpetual, irrevocable, and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, and display such content in any media.
Summary: When you submit content, you are giving us broad, permanent, and unlimited permission to use that content however we want, anywhere in the world, and to allow others to do the same, without owing you any money for it. Obligations: You have no explicit obligations in this clause. Your action of submitting cont...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This credit card agreement has an annual interest rate (APR) of 22.99%, variable, based on the prime rate plus 18.99%.
Summary: This credit card will charge you an annual interest rate of 22.99%, but this rate can change because it's calculated based on the prime rate with an added 18.99%. Obligations: None explicitly stated for the cardholder in this clause, though implicitly, you will owe interest on balances if not paid in full. R...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Participants must attend all scheduled training sessions to be eligible for certification. Missed sessions, unless accompanied by a valid medical certificate, will result in immediate disqualification.
Summary: To get certified, you need to attend every planned training session. If you miss a session without a valid doctor's note, you will automatically be disqualified. Obligations: - Participants must attend all scheduled training sessions. - If a session is missed, participants must provide a valid medical certifi...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The tenant is responsible for maintaining the cleanliness of the rented premises and any attached outdoor spaces, specifically including trash removal, lawn care, and snow removal.
Summary: As a tenant, you are responsible for keeping both the inside of your rental property and any attached outdoor areas clean. This includes tasks like taking out the trash, looking after the lawn, and clearing snow. Obligations: - The tenant is responsible for maintaining the cleanliness of the rented premises. ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This agreement terminates automatically if either party declares bankruptcy or enters into any insolvency proceedings. Termination under this clause shall be without prejudice to any rights accrued prior to the termination date.
Summary: This agreement ends automatically if either party files for bankruptcy or starts other insolvency processes. When it ends this way, any rights that were already earned before the termination date remain valid. Obligations: No direct obligations for you are stated here; this clause describes a condition for au...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Electronic disclosures will be deemed delivered and received by you 24 hours after they are posted to our website or sent to your primary email address.
Summary: This clause means that once we put electronic information on our website or email it to your main email address, it will be considered delivered and received by you after 24 hours. Obligations: To effectively receive disclosures, you should regularly check our website and your primary email address. Risks / ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Borrower must ensure collateral remains unencumbered and free of any liens throughout the loan term, save for existing liens explicitly disclosed in writing to the Lender prior to loan execution.
Summary: You, as the borrower, must make sure that the collateral used for the loan is not burdened by any new claims or debts (liens) during the entire loan period. The only exceptions are liens you already told the Lender about in writing before the loan was finalized. Obligations: - The Borrower must ensure the col...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
By accessing or using our services, you affirm that you are at least 18 years old or the age of legal majority in your jurisdiction, whichever is greater, and are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties set forth in these Terms of Service.
Summary: By using our services, you are declaring that you are at least 18 years old (or older if your local laws require it) and that you are legally capable and qualified to agree to all the rules, conditions, and promises stated in these Terms of Service. Obligations: - You must be at least 18 years old, or the age...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This policy does not cover any loss or damage caused by acts of war, invasion, act of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power, or confiscation by order of any public authority.
Summary: This insurance policy specifically excludes coverage for any loss or damage that happens because of war, invasion, attacks by foreign enemies, armed conflict (even if war isn't officially declared), civil war, rebellion, revolution, uprising, military takeover, or property being seized by a public authority. ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers acknowledge that all prices are subject to change without prior notification and reflect current market conditions.
Summary: Customers accept that all listed prices can change at any time without advance warning and that these prices are determined by what the market is currently doing. Obligations: No direct obligations for you are listed in this clause, beyond acknowledging the condition. Risks / Penalties: There are no explicit...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Your use of this software signifies your acceptance of these terms. If you do not agree to these terms, do not install or use the software.
Summary: By using this software, you are confirming that you agree to all of its rules. If you do not agree, you should not install or use it. Obligations: - If you use the software, you accept the terms. - If you do not agree to the terms, you must not install or use the software. Risks / Penalties: If you use the s...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Under no circumstances shall the Company be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to lost profits, lost data, or business interruption, arising from your use of, or inability to use, the Services, even if the Company has been advised of the possibili...
Summary: The Company will never be responsible for certain types of damages, such as indirect harm, accidental costs, special losses, losses that are a consequence of a problem, or punitive damages. This includes things like lost profits, lost data, or your business being interrupted, even if the Company knew these pro...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers grant the Bank an ongoing security interest in all funds held in deposit accounts with the Bank to secure payment of any and all liabilities and obligations of the Customer to the Bank.
Summary: You are giving the Bank a continuous right to claim the money in your deposit accounts as security. This is to guarantee that you will pay any and all debts or responsibilities you owe to the Bank. Obligations: - You implicitly agree to this security interest when you hold funds in deposit accounts with the B...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Any amendment or modification to these terms must be in writing and signed by an authorized representative of both parties to be effective.
Summary: To change or update these terms, the changes must be written down and officially signed by a designated person from both sides of the agreement before they become valid. Obligations: - For any amendment or modification to be effective, both parties must ensure it is in writing and signed by their authorized r...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Data retention policy: Customer data will be purged from our servers after 30 days of account termination.
Summary: Your customer data will be permanently deleted from our servers 30 days after your account is closed. Obligations: No direct obligations for you within this clause; it defines the company's data handling post-termination. Risks / Penalties: After your account is terminated, your data will be permanently dele...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Force majeure: Neither party shall be liable for any failure or delay in performance under this Agreement (other than for the payment of money) due to causes beyond its reasonable control, including, but not limited to, acts of God, war, riots, embargoes, acts of civil or military authorities, fires, floods, accidents,...
Summary: This clause, called 'Force Majeure,' states that neither party is responsible for failing to meet their obligations (except for making payments) if the failure is caused by events outside their reasonable control, such as natural disasters, war, strikes, or shortages. Obligations: - Neither party is liable fo...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers are encouraged to review their statements periodically. Any discrepancies must be reported within 60 days of the statement date. After this period, statements will be considered accurate.
Summary: We suggest you regularly check your bank statements. If you find any mistakes, you must tell us within 60 days from the statement date. If you don't report them within this timeframe, we will consider the statement correct. Obligations: - Customers are encouraged (but not strictly obligated by 'must') to revi...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
User accounts inactive for 180 consecutive days will be deactivated and associated data irrevocably deleted. Reinstatement is not guaranteed.
Summary: If your user account is not used for 180 days in a row, it will be closed, and all data linked to it will be permanently removed. There's no guarantee your account can be reactivated. Obligations: - To avoid deactivation and data deletion, users must engage with their accounts at least once every 180 days. R...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Withdrawals exceeding $10,000 in a single transaction may require 24-hour advance notice to ensure fund availability.
Summary: If you want to withdraw more than $10,000 at once, you might need to give us 24 hours' notice beforehand to make sure the money is available. Obligations: - To ensure fund availability for large withdrawals, you may need to provide 24-hour advance notice for transactions exceeding $10,000. Risks / Penalties:...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Lessor is not responsible for any personal injury, death, or property damage suffered by Lessee or any third party on the leased premises, except when such injury, death, or damage is caused by the Lessor's gross negligence or willful misconduct.
Summary: The property owner (Lessor) is not accountable for any injuries, fatalities, or property damage that happens to you (Lessee) or anyone else on the rented property. The only exceptions are if the Lessor caused it through extreme carelessness or intentional wrongdoing. Obligations: None explicitly for the Lesse...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Each party shall bear its own costs and expenses incurred in connection with the negotiation, preparation, and execution of this Agreement.
Summary: Both parties involved in this agreement are responsible for paying their own individual costs and expenses related to discussing, drafting, and signing this contract. Obligations: - Each party must pay their own costs and expenses. - These costs and expenses are related to the negotiation, preparation, and ex...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly explicitly written....
This warranty is void if the product defect is caused by accident, misuse, abuse, unauthorized modification, improper installation, or acts of nature.
Summary: This warranty will be cancelled if the product stops working because of an accident, wrong use, abuse, changes made without permission, incorrect installation, or natural disasters. Obligations: - To maintain the warranty, you must not cause the product defect through accident, misuse, abuse, unauthorized mod...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Clients are strictly forbidden from sharing their account login credentials with any third party. Violation will result in immediate account suspension and potential termination.
Summary: You are not allowed to share your account username and password with anyone else. If you do, your account will be suspended immediately and might be permanently closed. Obligations: - Clients are strictly forbidden from sharing their account login credentials with any third party. Risks / Penalties: - If you...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The interest rate for this savings account is 0.05% Annual Percentage Yield (APY) and is subject to change at any time without prior notice from the bank.
Summary: This savings account earns 0.05% interest annually (APY), and the bank can change this rate at any time without telling you beforehand. Obligations: No direct obligations for you; it describes the account's interest rate. Risks / Penalties: No explicit penalties for you. The risk is that the bank can decreas...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
In no event will either party be liable for failure to perform or delay in performing any obligation under this Agreement if such failure or delay is caused by an event beyond its reasonable control, including but not limited to pandemics, government orders, or national emergencies. Reasonable efforts must be made to m...
Summary: This clause explains that neither party will be held responsible for not fulfilling or delaying an obligation in this agreement if the problem is caused by something truly outside their control, such as a pandemic, government directive, or national emergency. However, both parties must still try their best to ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers shall indemnify and hold harmless the Vendor from any claims, damages, or liabilities arising out of their use of the product.
Summary: This clause requires customers to protect the Vendor from any legal claims, financial damages, or responsibilities that come from the customer using the product. Obligations: - You must indemnify the Vendor, meaning you will compensate them for any losses they incur. - You must hold the Vendor harmless, meani...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The interest rate on this loan is variable and subject to change quarterly based on the prime rate published in the Wall Street Journal plus 2.5% points.
Summary: This clause explains that the interest rate for the loan is not fixed and will be adjusted every three months. The new rate will be determined by adding 2.5 percentage points to the prime rate published in the Wall Street Journal. Obligations: None for the borrower are stated in this specific clause, other th...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Data may be processed internationally for legitimate business purposes. Your consent is presumed unless you opt-out within 30 days of accepting these terms.
Summary: This clause informs you that your data can be moved and used in different countries for business reasons. Your agreement to this international data processing is assumed unless you specifically state within 30 days of agreeing to these terms that you do not consent. Obligations: - To prevent your data from be...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
All funds deposited into this account are insured up to the maximum limit permitted by law through the Federal Deposit Insurance Corporation (FDIC).
Summary: This clause confirms that any money placed into this bank account is protected against loss, up to the highest amount allowed by law, by the Federal Deposit Insurance Corporation (FDIC). Obligations: None for the account holder are stated in this clause; it primarily describes a benefit. Risks / Penalties: N...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Your membership auto-renews annually. To cancel, notify us in writing at least 30 days before renewal date.
Summary: This clause explains that your membership will automatically renew each year. If you wish to stop this renewal, you must inform the organization in writing no less than 30 days before the annual renewal date. Obligations: - If you do not want your membership to renew, you must provide written notification at ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Employees must not engage in any outside employment that creates a conflict of interest with the Company's business.
Summary: This clause prohibits employees from holding another job that could interfere with their duties or create a situation where their personal interests conflict with the Company's interests. Obligations: - Employees must avoid any outside employment. - The avoided outside employment must be that which creates a ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This warranty is non-transferable and only applies to the original purchaser of the product.
Summary: This clause clarifies that the product warranty cannot be passed on to another person and is valid only for the individual who originally bought the product. Obligations: None for the purchaser are explicitly stated in this clause; it describes a limitation of the warranty. Risks / Penalties: - If you are no...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The client acknowledges that intellectual property rights, including but not limited to copyrights and trademarks, for all deliverables created under this agreement, shall remain vested solely with the Contractor.
Summary: This clause states that the client understands and agrees that all intellectual property rights, such as copyrights and trademarks, related to the work produced during this agreement, will belong exclusively to the Contractor. Obligations: - The client must acknowledge that the intellectual property rights fo...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Neither party shall be liable for any failure or delay in performance under this Agreement due to causes beyond its reasonable control, including, but not limited to, acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, epidemics, or strikes.
Summary: This clause, often called a 'force majeure' clause, specifies that neither party will be held responsible if they fail to meet their obligations or are delayed in doing so because of events outside their control. These events include natural disasters, acts of war, terrorism, civil unrest, government actions, ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
You grant us a perpetual, irrevocable, worldwide, royalty-free license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, and display any content you submit to the platform.
Summary: This clause states that when you submit content to the platform, you are giving the platform an unlimited, permanent, global, and free-of-charge permission to use, copy, change, adapt, publish, translate, create new versions of, share, and show your content in any way they want. Obligations: You are obligated...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Borrower acknowledges and agrees that Lender may, at its sole discretion, assign, transfer, or sell its interest in this Loan Agreement, or any part thereof, without prior notice to Borrower.
Summary: This clause states that the borrower understands and agrees that the lender has the right, whenever it chooses, to give, sell, or transfer its share or entire interest in this loan agreement to another party, and it does not need to tell the borrower beforehand. Obligations: - The borrower must acknowledge an...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The Company retains the right to amend or modify these terms and conditions at any time by posting updated terms on its website. Your continued use of the service constitutes acceptance of such changes.
Summary: This clause explains that the Company can change these terms and conditions at any time. They will do this by publishing the new terms on their website. If you keep using the service after these changes are posted, it means you accept the new terms. Obligations: - To stay informed about the terms, you must re...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Upon termination of employment, all company-issued equipment, including but not limited to laptops, mobile phones, and access cards, must be returned within five (5) business days.
Summary: This clause states that once an employee's job ends, they must return all equipment provided by the company, such as laptops, mobile phones, and access cards, within five working days. Obligations: - You must return all company-issued equipment upon termination of employment. - This equipment must be returned...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Policyholders are required to promptly notify the insurer of any incident that may give rise to a claim, providing all pertinent details within a reasonable timeframe.
Summary: This clause requires individuals holding an insurance policy to quickly inform their insurance company about any event that could potentially lead to a claim. They must also provide all relevant information about the incident within a sensible amount of time. Obligations: - You must promptly notify the insure...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The subscription fee is non-refundable, except where expressly stated otherwise or required by applicable consumer protection laws.
Summary: This clause indicates that the money paid for a subscription generally cannot be refunded. Exceptions only apply if the agreement explicitly says so, or if consumer protection laws demand a refund. Obligations: None explicitly stated for the subscriber, beyond understanding the refund policy. Risks / Penalti...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers are solely responsible for ensuring the compatibility of their hardware and software with the Services.
Summary: This clause makes it clear that customers are fully responsible for checking if their computer hardware and software will work correctly with the Services provided. Obligations: - You are solely responsible for verifying the compatibility of your hardware with the Services. - You are solely responsible for ve...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This instrument may not be modified orally; any amendment must be in writing and signed by both parties.
Summary: This clause states that this legal document cannot be changed just by speaking about it. Any alteration to this document must be written down and both parties involved must sign it. Obligations: - If you wish to amend this instrument, you must do so in writing. - Any written amendment must be signed by both p...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
You understand and agree that by utilizing this portal, you irrevocably waive your right to a jury trial for any disputes arising hereunder.
Summary: This clause means that by using this portal, you are giving up your right to have a jury hear and decide any legal conflicts that come up from this agreement; you cannot get that right back. Obligations: There are no direct obligations stated, but it is implied that to retain the right to a jury trial, you mu...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Any user-generated content deemed inappropriate by the Administrator will be removed without notice.
Summary: This clause states that any content created by users that the Administrator considers unsuitable will be deleted from the platform without prior warning. Obligations: - You are expected to refrain from creating or submitting content that might be considered inappropriate by the Administrator. Risks / Penalti...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Eligibility for this offer requires a minimum aggregate spend of $500 within the promotional period.
Summary: This clause means that to qualify for the offer, you must spend a total of at least $500 during the specified promotional timeframe. Obligations: - You must spend a minimum total of $500 within the promotional period. Risks / Penalties: - If you do not meet the minimum aggregate spend of $500, you will not b...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Participation in this loyalty program is subject to periodic audit. Fraudulent activity will result in immediate forfeiture of all accumulated points.
Summary: This clause explains that your involvement in the loyalty program may be checked regularly, and if any dishonest activity is found, you will immediately lose all the points you have earned. Obligations: - You must ensure your participation in the loyalty program is legitimate and free from fraudulent activity...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Service interruptions due to scheduled maintenance will not constitute a breach of this Agreement, provided advance notice is given at least 24 hours prior.
Summary: This clause clarifies that if the service is temporarily stopped for planned maintenance, it will not be considered a violation of this agreement, as long as you are given at least 24 hours of notice beforehand. Obligations: - The service provider must provide at least 24 hours advance notice of scheduled mai...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Applicants for credit must consent to a comprehensive credit check, which may include reviewing past payment histories and public records, for evaluating creditworthiness.
Summary: This clause states that if you apply for credit, you must agree to a detailed check of your credit history. This check can involve looking at how you've paid bills in the past and reviewing public information about you, all to decide if you are eligible for credit. Obligations: - If you are an applicant for c...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The Company warrants that the software will perform substantially in accordance with its accompanying documentation for a period of ninety (90) days from the date of purchase, assuming normal use.
Summary: This clause is a guarantee from the Company that their software will mostly work as described in its user manuals or other documents. This guarantee is valid for 90 days starting from when you buy the software, provided you use it in a typical way. Obligations: For the warranty to be valid, you must use the s...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Except as explicitly permitted, unauthorized access or use of this system is strictly prohibited and may result in criminal prosecution.
Summary: This clause clearly states that entering or using this computer system without proper authorization is strictly forbidden. Doing so could lead to criminal charges. Obligations: - You must not access or use this system without explicit permission. Risks / Penalties: - If you gain unauthorized access or use th...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The grant is conditioned upon successful completion of quarterly progress reports and adherence to budgetary allocations.
Summary: This clause states that receiving this grant depends on two conditions: you must successfully finish progress reports every three months, and you must spend the money according to the agreed-upon budget. Obligations: - You must successfully complete quarterly progress reports. - You must adhere to budgetary a...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
All capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Master Service Agreement.
Summary: This clause states that any capitalized words in this document that aren't specifically explained here should be understood to have the definitions given to them in the Master Service Agreement. Obligations: - To fully understand the meaning of capitalized terms in this document, you must refer to the Master ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
By enrolling in direct deposit, you authorize the Company to electronically deposit your wages into your designated bank account.
Summary: This clause explains that when you sign up for direct deposit, you are giving the Company permission to transfer your earnings directly into the bank account you specified. Obligations: - You must enroll in direct deposit if you wish for your wages to be electronically deposited. Risks / Penalties: - If you ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Purchaser assumes all risk of loss and damage to the goods upon delivery to carrier, notwithstanding any terms for payment of freight or insurance.
Summary: This clause states that as soon as the goods are handed over to the shipping company, the buyer takes on full responsibility for any loss or damage that might occur, regardless of who pays for shipping or insurance. Obligations: - Upon delivery to the carrier, the purchaser assumes all risk of loss and damage...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The escrow agent is solely responsible for disbursing funds according to the written instructions provided by both parties.
Summary: This clause specifies that the escrow agent is exclusively accountable for releasing money strictly in accordance with the written directions given to them by both individuals or groups involved. Obligations: - Both parties must provide clear, written instructions to the escrow agent regarding the disbursemen...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Participants must maintain the confidentiality of all proprietary information shared during the program, both during and after its conclusion.
Summary: This clause requires that individuals taking part in the program keep all sensitive company information confidential, not only while the program is running but also once it has finished. Obligations: - You must maintain confidentiality of all proprietary information shared during the program. - This confident...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Under no circumstances shall the Lessor be liable for incidental, consequential, special, or punitive damages arising from or related to the Lease Agreement, even if advised of the possibility of such damages.
Summary: This clause states that the landlord (Lessor) will never be held responsible for certain types of indirect or punitive damagesβ€”like those that are secondary, result from a main event, are specific, or meant as punishmentβ€”that come from or are linked to the Lease Agreement. This is true even if the Lessor knew ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Shareholders' liability is limited to the amount unpaid on their shares, if any.
Summary: This clause explains that if you own shares in a company, your financial responsibility for the company's debts or losses is restricted to any money you still owe on those shares, and no more. Obligations: You must pay the full agreed price for your shares to fully mitigate your liability. Risks / Penalties:...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers acknowledge that refund processing times may vary based on financial institution and regional regulations, typically ranging from 5-10 business days.
Summary: This clause informs customers that the time it takes to process their refunds can differ, depending on the bank involved and local rules. Typically, it should take between 5 and 10 business days. Obligations: None for the customer are stated beyond acknowledging this variability. Risks / Penalties: No explic...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
By clicking 'Agree', you represent and warrant that you are at least 18 years of age and legally capable of entering into a binding contract.
Summary: This clause states that when you click 'Agree,' you are formally declaring and guaranteeing that you are at least 18 years old and legally allowed to sign a contract that you must legally uphold. Obligations: - You must be at least 18 years of age. - You must be legally capable of entering into a binding cont...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The insurance premium is payable monthly in advance on the first day of each calendar month. Non-payment may result in cancellation of coverage.
Summary: This clause indicates that your insurance payment (premium) is due at the beginning of each month, specifically on the first day. Failing to make these payments could lead to your insurance coverage being canceled. Obligations: - You must pay the insurance premium monthly in advance. - Payment must be made on...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
No warranties, express or implied, are made regarding the merchantability or fitness for a particular purpose of the open-source components incorporated into the product.
Summary: This clause states that no guarantees, neither directly stated nor suggested, are given concerning whether the open-source parts used in the product are suitable for selling or fit for any specific use. Obligations: None are specified for the user or purchaser regarding the open-source components. Risks / Pe...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Final audit adjustments may require additional tax payments or could result in a refund, depending on findings.
Summary: This clause states that the last adjustments made after an audit could lead to you having to pay more taxes, or they might result in you getting money back, all based on what the audit reveals. Obligations: There are no specific obligations outlined here for the taxpayer, rather it describes a potential outco...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers irrevocably authorize the bank to initiate debit entries and, if necessary, credit entries to their account in accordance with payment processing rules.
Summary: This clause explains that customers permanently give the bank permission to take money out of their account (debit) and, if needed, put money into their account (credit). This is done according to the rules for processing payments. Obligations: - You are authorizing the bank to perform debit and credit entrie...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This agreement terminates automatically without notice if a party declares bankruptcy or enters into liquidation.
Summary: This clause states that if one of the parties involved in the agreement files for bankruptcy or starts the process of closing its business and selling its assets (liquidation), the agreement will end immediately and automatically, without anyone needing to give notice. Obligations: None are specified within t...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Any use of the provided materials inconsistent with fair use doctrine, as interpreted under applicable copyright law, is prohibited.
Summary: This clause states that you are not allowed to use the provided materials in a way that goes against the 'fair use' principle. This principle is defined and understood according to the copyright laws that apply. Obligations: - You must ensure that your use of the provided materials complies with the fair use ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The Lender may impose a prepayment penalty if the Borrower repays the loan in full before the maturity date, as detailed in Schedule A.
Summary: This clause informs the borrower that if they pay off the entire loan before its official end date, the lender might charge them an extra fee, which is explained in more detail in 'Schedule A' of the agreement. Obligations: - If you choose to repay the loan in full before its maturity date, you might be oblig...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This clause represents the entire agreement between the parties regarding its subject matter and supersedes all prior contemporaneous communications, representations, or agreements, whether written or oral.
Summary: This clause states that this document is the complete and final agreement between the parties about the topics it covers. It overrides and replaces all previous discussions, promises, or agreements, whether they were written down or spoken. Obligations: To fully understand the binding terms, you must only rel...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Users acknowledge and accept that service quality and availability may be impacted by network congestion or environmental factors outside of our control.
Summary: This clause explains that users understand and agree that the quality and accessibility of the service can be affected by issues like overloaded networks or natural environmental conditions that the service provider cannot control. Obligations: - You must acknowledge and accept that service quality and availa...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The employer reserves the right to monitor all communications and data stored on company-owned devices.
Summary: This clause states that the employer has the right to supervise and examine all communications (like emails or messages) and data that are kept on any devices provided by the company. Obligations: None explicitly stated for the employee within this clause, other than to acknowledge this monitoring. Risks / P...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Returns of merchandise must be accompanied by the original receipt and initiated within 14 days of purchase. Items returned without proof of purchase will receive store credit only.
Summary: This clause explains the rules for returning products: you must have the original receipt and start the return process within 14 days of buying the item. If you return something without a receipt, you will only get store credit instead of a cash refund. Obligations: - You must keep your original receipt if yo...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Access to advanced features requires explicit opt-in for data sharing with third-party analytics providers.
Summary: This clause explains that to use the advanced features, you must specifically choose to allow your data to be shared with other companies that provide data analysis services. Obligations: - If you wish to use advanced features, you must explicitly opt-in to data sharing. - This means giving your consent for y...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Disputes arising from this contract will be settled through binding arbitration in accordance with the rules of the American Arbitration Association.
Summary: This clause indicates that any disagreements or legal conflicts stemming from this contract will not go to court, but will instead be resolved through binding arbitration. This arbitration process will follow the rules set by the American Arbitration Association. Obligations: If a dispute arises, both parties...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The landlord's insurance does not cover the tenant's personal property against loss or damage due to fire, theft, or other perils. Tenants are encouraged to obtain renter's insurance.
Summary: This clause explains that the property owner's (landlord's) insurance policy does not provide protection for a tenant's personal belongings if they are lost or damaged by events like fire, theft, or other dangers. It also advises tenants to get their own renter's insurance. Obligations: - To protect your pers...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Any communication with third parties, including but not limited to social media posts or press releases, regarding this project must be approved in writing by Project Lead prior to dissemination.
Summary: This clause mandates that all communications with outside individuals or organizations about this project, including social media updates or press announcements, must receive written approval from the Project Lead before they are shared publicly. Obligations: - You must obtain written approval from the Projec...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
A referral fee of 10% of the initial contract value is payable within 30 days of client signing, provided the referral originated solely from the Referring Party.
Summary: This clause explains that a 10% fee will be paid for a referral, calculated from the value of the first contract signed by the referred client. This fee is due within 30 days after the client signs, but only if the referral came exclusively from the referring party. Obligations: - For the Referring Party to r...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Customers are permitted to utilize the Services for personal, non-commercial use only. Commercial exploitation is expressly forbidden.
Summary: This clause states that customers are only allowed to use the Services for their own personal, private purposes. Using the Services for any commercial or business activity is strictly prohibited. Obligations: - You must use the Services solely for personal, non-commercial purposes. - You must not engage in co...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Account holders bear the sole responsibility for maintaining the security of their login credentials and all activities occurring under their account.
Summary: This clause states that the person who owns the account is fully responsible for keeping their login information safe and for everything that happens or is done using their account. Obligations: - You must maintain the security of your login credentials (username and password). - You are responsible for all a...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
All provisions relating to indemnification and limitations of liability shall survive the termination of this agreement.
Summary: This clause means that the parts of this agreement that deal with protecting someone from loss (indemnification) and restricting how much they can be held responsible for (limitations of liability) will still be valid and enforceable even after the rest of the agreement officially ends. Obligations: Each part...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The maximum withdrawal limit per day from ATMs is $500, subject to available balance.
Summary: This clause states that you can only take out a maximum of $500 from an ATM per day. This limit also depends on whether you have enough money in your account. Obligations: - You must not attempt to withdraw more than $500 per day from an ATM. - Your withdrawal is also constrained by your available balance. R...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This promotion is valid only for new customers residing in qualifying territories and making their first purchase via the dedicated promotional link.
Summary: This clause indicates that this special offer is only for people who have never been customers before, live in specific approved areas, and make their first purchase through a special link provided for the promotion. Obligations: - To be eligible, you must be a new customer. - You must reside in a qualifying ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
By downloading and installing this software, you consent to the collection of anonymized usage data for product improvement purposes.
Summary: This clause explains that when you download and install this software, you are giving your permission for data about how you use it to be collected. This collected data will be anonymous (not linked to your identity) and used to make the product better. Obligations: - If you download and install the software,...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The Issuer reserves the right to suspend or revoke any unredeemed tokens without compensation if it determines, in its sole discretion, that fraudulent activity or a security breach has occurred.
Summary: This clause states that the Issuer has the authority to temporarily stop or permanently cancel any tokens that haven't been used yet. They can do this without paying you anything, if they decide, by their own judgment, that there's been dishonest activity or a security problem. Obligations: - You must ensure ...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
By accepting delivery of the product, you signify your acceptance of these Terms of Sale.
Summary: This clause means that when you receive the product, you are showing that you agree to all the terms listed in the 'Terms of Sale' document. Obligations: - To avoid accepting the Terms of Sale, you must refuse delivery of the product. Risks / Penalties: - You will be legally bound by the Terms of Sale simply...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
This promotion cannot be combined with any other offers or discounts unless explicitly stated otherwise.
Summary: This clause specifies that this particular promotion cannot be used together with any other ongoing deals or price reductions, unless there's a clear statement allowing such combinations. Obligations: To claim this promotion, you must ensure you are not simultaneously attempting to apply other unstated offers...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Confidential Information means all non-public information, in any form, designated as confidential or which by its nature ought to be understood as confidential.
Summary: This clause defines 'Confidential Information' as any information that is not public, regardless of its format, which has either been labeled as confidential or is inherently private due to its sensitive nature. Obligations: Not explicitly stated in this definition, but typically requires parties to protect t...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The user is responsible for all internet connection charges incurred while using the service.
Summary: This clause states that you, as the user, are fully accountable for all costs associated with your internet connection when you are using the service. Obligations: - You must pay for all internet connection charges incurred while using the service. Risks / Penalties: If you neglect to pay your internet charg...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
The developer disclaims all warranties, express or implied, including without limitation, warranties of merchantability, fitness for a particular purpose, and non-infringement.
Summary: This clause states that the developer officially denies offering any guarantees about their product, whether these guarantees are explicitly stated or merely implied. This denial covers things like whether the product is suitable for sale, fits a specific purpose, or avoids infringing on others' rights. Oblig...
You are a neutral legal language interpreter. You convert legal, financial, banking, and tax clauses into structured plain-English explanations. You must: - Stay faithful to the provided text. - Not invent laws. - Not provide legal advice. - Not assume jurisdiction. - Only explain what is explicitly written. Your outpu...
Personal data collected will be anonymized within twelve (12) months of collection unless required by law for a longer period, or with explicit consent for specified purposes.
Summary: This clause indicates that any personal information gathered about you will be made anonymous within one year of its collection. This process might be delayed only if the law demands it be kept longer, or if you specifically give permission for it to be retained for certain reasons. Obligations: - If you wish...
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🀏 smolified-offline-legal-explainer

Intelligence, Distilled.

This is a synthetic training corpus generated by the Smolify Foundry. It was used to train the corresponding model fireblaster234/smolified-offline-legal-explainer.

πŸ“¦ Asset Details

  • Origin: Smolify Foundry (Job ID: 0b4fe722)
  • Records: 1363
  • Type: Synthetic Instruction Tuning Data

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This dataset is a sovereign asset owned by fireblaster234. Generated via Smolify.ai.

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