Juridik
Dessa villkor tillhandahålls på engelska. Enligt punkt 12.2 är engelska en giltig avtalsspråk; en auktoritativ svensk översättning kan komma senare.
The Intelligence Company AB (publ), corp. ID no. 559487-1682 (‘TIC’), is an accredited Local Operating Unit (‘LOU’) within the Global Legal Entity Identifier System (GLEIS). These general terms and conditions (‘the Terms and Conditions’) regulate the provision of LEI-related services (‘the Services’) between TIC and the legal person that is applying for or holds an LEI (‘the Client’).
GLEIS is conducted subject to the supervision of the Global Legal Entity Identifier Foundation (‘GLEIF’). LEI and associated reference data (‘LE-RD’) are public and published in GLEIF’s global LEI index.
TIC provides Services for application, renewal, updates and transfer of LEI in accordance with GLEIF’s regulatory framework. The Client creates an account and initiates orders via TIC’s website or via contracts.
The Client undertakes to provide correct, complete and updated information. LE-RD is reviewed by TIC and is validated against public sources.
The Client accepts that data linked to LEI is immediately published on GLEIF’s platform in accordance with applicable rules.
The Client is aware that the content of the Services may be changed and replaced owing to statutory requirements, decisions of public authorities or other corresponding bodies.
The Client is responsible for:
The Client undertakes to provide true, accurate, complete, and up-to-date information in connection with the application for and maintenance of a LEI. The Client represents and warrants that all data submitted to TIC, including LE-RD, is authentic and correct to the best of its knowledge at the time of submission. The Client further undertakes to promptly notify the LOU of any changes or corrections to such information.
Failure to provide accurate or complete information may result in the rejection, suspension, or revocation of the LEI in accordance with applicable regulations and GLEIF standards.
The Client undertakes to review LE-RD associated with its LEI at least once per contractual year to ensure that all information remains accurate, complete, and up to date. This review shall be performed regardless of whether changes have occurred, and any discrepancies or updates shall be promptly communicated to TIC.
The Client acknowledges that it will receive an annual reminder from TIC to verify its LE-RD prior to the renewal of the LEI, but that the obligation to maintain accurate data lies solely with the Client.
The Client confirms that all rights to publication and further use of LE-RD within the framework of GLEIS are transferred to TIC.
The Client acknowledges and accepts the following:
The Client is aware that TIC may, in accordance with applicable mandatory laws, regulatory obligations, or internal TIC controls, be required to amend the Client’s LE-RD associated with LEI without prior approval from the Client. TIC reserves the right to, at any time and without the Client’s prior consent, update, correct, or modify LE-RD information linked to an LEI as a result of legal requirements or as part of its ongoing data verification obligations.
The Client is aware that both the initial issuance of an LEI and its subsequent annual renewals are subject to prevailing requirements and conditions set forth by GLEIF, and that such requirements may be amended from time to time.
The Client is aware that GLEIF reserves the right, at its sole discretion and in accordance with its policies, to require the transfer of an LEI to another accredited LOU.
TIC performs Continuous Validation of LE-RD by verifying data against authoritative Registration Authority sources. Where a discrepancy is identified, TIC may update the LE-RD to reflect the authoritative source without the Client’s prior consent, in accordance with Clause 3.1. No opt-out or decline mechanism applies to such updates. The Client is notified of any update and may raise concerns through the challenge procedure set out in TIC’s communication policy.
The Client acknowledges and accepts that the fees for issuance, renewal, and related services are determined in accordance with TIC´s applicable fee schedule, as made available on the TIC’s website or otherwise communicated in writing. The fee schedule includes, without limitation, policies governing the transfer of an LEI to or from another LOU, and the terms and conditions applicable to such transfers.
By requesting the renewal of an LEI, the Client enters into a binding 12-month contractual period during which it is obligated to pay the applicable fee, regardless of subsequent changes in the Client’s use of the LEI. No refunds, partial or full, will be issued in the event of early termination, transfer, or deactivation of the LEI during the contracted period.
Invoices are issued upon submission of an application or renewal request and shall be payable in accordance with the terms stated therein. Non-payment may result in suspension or revocation of the LEI without further notice.
TIC reserves the right to review and adjust its fee schedule annually. Any such changes shall be effective upon publication or notification to the Client and shall apply to all new or renewed service periods initiated thereafter. The Client acknowledges that continued use of services following such adjustments constitutes acceptance of the new fees.
The Client is responsible for ensuring that payment is made in a timely manner and that LEI-related obligations are fulfilled, including annual review and renewal of LE-RD data, as set out in this agreement and in accordance with GLEIF requirements.
The Client is entitled to request the transfer of their LEI to another LOU. TIC does not charge any fee for such a transfer.
The Client may give notice terminating the Agreement through written notice. Notice of termination enters into force when the termination has been received by the other Party.
TIC is entitled to give notice terminating the Agreement with immediate effect if:
TIC is the Controller for the processing of personal data within the framework of the Services and complies with the General Data Protection Regulation (GDPR). More information can be found in TIC’s Privacy Policy.
TIC may, when applicable, handle personal data on behalf of the Client in order to perform the Agreement. In such a case, TIC is the Processor under the General Data Protection Regulation and a separate processor agreement should then be concluded.
TIC is only liable for direct loss caused by negligence and that could not reasonably have been averted by the Client.
TIC’s total liability is limited to an amount corresponding to the fee that the Client paid for the Service over the past twelve (12) months. TIC is not liable for indirect losses or loss of profit.
For a complaint to be invoked, it must be lodged in writing and within a reasonable period after the Client has observed the fault/inadequacy, or reasonably ought to have observed the fault/inadequacy. The Client shall send the necessary material and/or information at its own expense so that TIC can rectify the deviation in accordance with the notification.
The Client is obliged to present a claim for compensation to TIC without unreasonable delay after the damage was discovered or ought to have been discovered. If the Client does not do so, the Client loses its right to assert the claim.
This Agreement shall remain in effect for a fixed period of twelve (12) months from the date of issuance or renewal of the Client’s LEI. The Agreement shall automatically renew for subsequent twelve (12) month periods unless terminated in writing by the Client no later than three (3) months prior to the end of the then-current term. Notwithstanding termination, this Agreement shall remain in force as long as both the Legal Entity and the Local Operating Unit (LOU) exist, whichever occurs first.
The Client may request, free of charge, the transfer of its LEI to another LOU or to GLEIF. In the event of such a transfer, this Agreement shall be deemed terminated from the effective date of the transfer. However, no refund will be issued for any unused portion of the paid twelve-month service period, and the Client acknowledges that the receiving LOU may, at its discretion, honor the remaining validity period.
Either Party may terminate this Agreement with immediate effect by written notice in the event of a material or repeated breach of contractual obligations by the other Party, provided that:
Termination of this Agreement shall not affect the Client’s obligation to pay any fees accrued or due prior to termination. Upon termination, the Client shall no longer be entitled to services under this Agreement, including LEI renewal or data updates.
TIC is entitled to revoke the Subscription with immediate effect if the Client has not paid the agreed fees and payment has been delayed by more than thirty (30) days after a reminder in accordance with Sub-clause 1.3, or if the Client breaches a term or condition of the Agreement.
The Parties agree that in the event that a Party is fully or partly impeded from performing their commitments under the Agreement and this is due to a circumstance beyond the Party’s immediate control and that the Party could not reasonably have been aware of or predicted when the Agreement was entered into, this shall constitute grounds for release that entail postponement of the date of performance and release from liquidated damages and other sanctions. Official intervention, war, riot, strike, natural disaster, power cut, sabotage of, for example, electricity, telephone lines and computer equipment, or similar events are counted as ‘grounds for release’. A Party is entitled to withdraw from the Subscription in writing without any obligation to pay compensation if a Party’s performance is impeded to a significant extent for more than three months owing to circumstances referred to above.
TIC may change these General Terms and Conditions without obtaining the approval of the Client in advance. For existing Clients, such changes enter into force one week after the changes have been included on TIC’s Website and the Client has received information from TIC that there have been changes to these General Terms and Conditions. In the event that the Client does not accept the changes to these General Terms and Conditions, the Client is entitled to within one month from the changes entering into force, without regard to Sub-clause 8.1 above, give notice terminating the Agreement immediately. In the event that such notice is not given, the Client is deemed to have accepted the changes by continuing to use the Services. For new Clients, the latest General Terms and Conditions published apply immediately.
Notices as a result of these General Terms and Conditions shall be handed over by messenger to the address specified for each Party or by email to the email address for each Party through which the other Party usually communicates with the Party. Such a notice shall be deemed to have been handed over (i) at the time of handing over (if passed on by messenger) or (ii) upon dispatch (if sent by email).
All formal notices, communications, and documentation required or permitted under this agreement between the parties shall be drafted and submitted in Swedish or English. Notices, communications, and documentation sent in other languages shall be seen as invalid.
All communication between the parties under this agreement shall be conducted in accordance with the LOU’s applicable communication policy. The Client acknowledges and accepts that any inquiries, challenges, or requests related to the LEI and/or the LE-RD shall be submitted in accordance with the procedures and channels set forth in the LOU’s current communication policy, as amended from time to time.
If any provision of these General Terms and Conditions or application thereof were to be invalid, this shall not mean that the entire General Terms and Conditions or provision is invalid. The Parties shall instead adjust the General Terms and Conditions or provisions as far as this is possible so as to convey the true intention of the General Terms and Conditions. If the Parties cannot agree on a change of a provision that is invalid, such a provision shall be deemed to have been deleted and the other provisions contained in the General Terms and Conditions shall continue to apply.
The headings in these General Terms and Conditions have only been inserted for editorial purposes and shall not form a basis for the interpretation of the substantive provisions of the General Terms and Conditions.
Each party represents and warrants that the individual executing this agreement on its behalf has been duly authorized to do so and that all necessary corporate or organizational actions to authorize the execution and performance of this agreement have been properly taken. Upon request by the other party, each party shall provide satisfactory evidence of such authority, including, but not limited to, a certificate of incorporation, a board resolution, or a power of attorney, as applicable.
This agreement, including any disputes arising out of or in connection with the Subscription, the Agreement itself, or any legal relationship resulting therefrom, shall be governed by and construed in accordance with the substantive laws of Sweden, without regard to its conflict of law rules. Any such dispute shall be exclusively settled by the District Court of Stockholm (Stockholms tingsrätt) as court of first instance.
Frågor om villkoren: info@tic.io
