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1. General Introduction

1.1 These Terms of Service (“Terms”) govern your use of our web site www.IFRSbox.com (the “Site”). Please read through the Terms. If you do not agree with the Terms, do not use this Site. If you do use the Site, your conduct indicates that you agree to be bound by the Terms.

Copyright notices

1.2 Unless otherwise specified, the copyright in the contents of all the pages in this Site are owned or licensed to Simlogic.
Copyright for The International Financial Reporting Standards is owned by the IFRS Foundation (see website www.ifrs.org for more information).
Hereby you acknowledge that our courses and materials use the copyrighted materials by the IFRS Foundation. Please see clause 6 for detailed information.

Conditions of your use of this Site

1.3 You may not distribute, display or copy any of the contents of the pages contained in this Site to third parties including, but not limited to “caching” any material on this Site for access by third parties and “mirroring” any material on this Site.

1.4 You may print or download to disk the contents of an individual page of this Site for the purpose of private and personal non-commercial use (exception: point 1.5). You may also permit your computer to make an electronically stored, transient copy of the content in this Site for the purpose of viewing it while connected to the Internet only. However, you may only make one copy of any content.

1.5 You may not download the videos included in the paid courses of this site. You may not make any copies of these videos.
 

2. Definitions

In these Terms, the following shall apply (in alphabetical order):

“Account” means the facility extended under these Terms allowing you to order and receive Service.

“Fees” means the charges for the Service as set out and amended from time to time on the Site.

“Foundation” means the IFRS Foundation, a not-for-profit corporation incorporated in the state of Delaware USA having its registered office at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, USA and operating in England and Wales as an overseas company under Company Number FC023235 with its principal office at First Floor, 30 Cannon Street, London, EC4M 6XH, United Kingdom (the ‘Licensor’, which expressly shall include its subsidiaries, agents, successors and assigns).

“In house-course” means on-demand lectures provided by our lecturers in your facilities subject to prior separate mutual agreement.

“Online course” means audiovisual training material available to you on the Site through your Account after paying appropriate Fees.

“Publication” means Online course, Training material and all articles, videos or other learning materials available on the Site.

“Registration Form” means the Service registration form displayed and completed on-line.

“Service” means online training service provided by Simlogic at the Site including Online Courses and Training material.

“Site” or “www.IFRSbox.com “ means web site operated by Simlogic with URL http://www.IFRSbox.com.

“Training Material” means the supporting material for Online Courses in pdf format.

“We”, “us” or “Simlogic” means limited liability company Simlogic, s.r.o. (company identification number ICO 44 962 134) whose registered office is in Bratislava, Slovak Republic.

“Works”means the materials contained in the official English language version of the IFRS Bound Volumes known as IFRS Standards (Red Book).

“You” means the individual (or in the case of corporate customers the individual whose details have been supplied as part of a corporate package) who has purchased the Service, has accessed our Site or subscribed to our free IFRS newsletters.
 

3. Registration

Registration for Newsletter

3.1 You may provide your e-mail address to us by filling out the simple form available on our website. By providing us your e-mail address, you agree with us sending you e-mails with IFRS related information. For information about handling your e-mail address by us, please see section 10. Privacy and Data Protection.

3.2 We may use your details from time to time to send you newsletter with information about the Service and other products and services that we provide.

Registration for Online Course

3.3 You are required to complete the Registration Form before making a purchase in order to register for the Service and set up your Account. You confirm that all the details supplied by you at registration are accurate and complete. You agree to promptly notify us of any changes in your details in writing at the e-mail address support@ifrsbox.com . We may refuse any application to register at our sole discretion.

3.4 The details you provide to us will be stored on computer and used to provide the Service to you. Your details will not be supplied to any other third parties except where required by law or as necessary to provide the Service. Please see more information in the section 10. Privacy and Data Protection.
User name and password

3.5 In Registration Form, you are required to provide your valid e-mail address and create secure password for accessing your Account. After you fill in the Registration Form, you will receive validation e-mail from us to your e-mail address. You are required to complete your registration by visiting the link contained in validation e-mail. Only after you validate your registration, your Account becomes active and you may use the Site and the Service.

3.6 You are responsible for the security and proper use of your password and your Account, including all charges incurred through them. You must inform us immediately if you have any reason to believe that your password has become known to someone not authorized to use it. If we reasonably believe that there is likely to be a breach of security or misuse of the Service or your Account we may change your password immediately and will notify you accordingly.

3.7 If you have lost your password to sign in to your Account, you shall notify us in written in e-mail address support@ifrsbox.com. We will create new password for you and send it to your e-mail address.
 

4. Purchase of the Service

Before purchase

4.1 Please note that your Internet connection speed should be at least 2Mb per second, while the recommended speed is 3 Mb per second. It is your responsibility to ensure sufficient Internet connection in your computer before purchasing the Service.

4.2 In the case that you purchase a Service without ensuring that your computer is compatible and Internet connection is sufficient, you acknowledge and accept that we cannot be held responsible and liable for any technical problems you encounter following the purchase of a Service.

Online Courses

4.3 Upon payment of the appropriate Fee for an Online Course, you (the paying individual) will have review access to that Online Course purchased for the access period of 1 year. We will provide the access directly to your Account.

4.4 For details of current Online Courses available for purchase, please refer to the course listing. The receipt of an Online Course is personal to you and you may not transfer your rights to access the Online Course or provide an Online Course to another person unless we have agreed in writing. The Fee permits you alone to use the Online Course on a computer that is under your control. You may not in any way copy or otherwise distribute the Online Course purchased without our prior written consent.

4.5 The provision of the Online Courses is contingent upon us having received payment in full from you in respect of the relevant Online Courses. Without prejudice to our rights and remedies under these Terms, if any sum payable is not paid on or before the due date, we reserve the right, forthwith and at our sole discretion, to suspend the provision to you of the relevant Online Course.

4.6 Online Courses consist of videos, Training Material and quizzes. You can attempt each quiz after finishing the study of individual lessons. If you answer at least 75% right, then the printable certificate will be issued to you online.

Fee, payment and invoice

4.7 You shall pay the Fee due for the Service which you order through your Account in accordance with this clause.

4.8 Payment shall be made at the time of order by credit card or using PayPal. If your order exceeds 200 EUR, you might opt to pay Fees by bank transfer. For doing so, you shall contact us at support@ifrsbox.com and ask for payment details. You hereby confirm that access to Online Courses will be granted to you after we receive your full payment and that might take several days when opting to pay by bank transfer. You also confirm that all bank charges related to transaction will be borne by you.

4.9 For each purchase, invoice will be generated automatically. You are responsible for all invoicing information that will appear on the face of invoice (name, address, tax numbers, etc.).

 

5. Modifications to Online Courses

5.1 We may make modifications, enhancements or issue clarifications to existing Online Courses. You will have access to such changes free of charge.

5.2 Following the enactment of new legislation or issue of new regulations, we may enlist the new Online Course covering the new material. For the avoidance of doubt, purchase of a current Online Course does not entitle the purchaser to future supersessions as part of the original purchase.

5.3 Where regulatory authorities issue new guidance or other pronouncements which supersede or materially change existing Online Courses (for example, where a new accounting standard is issued replacing an existing accounting standard), we will issue a notification of expected new guidance as soon as reasonably practicable and publish it against relevant Online Course. Where a notice appears against an Online Course, please consider whether you wish to purchase the existing Online Course(s) or wait until new Online Courses are made available for purchase on the Site. Purchase of existing Online Courses subsequent to notification of expected guidance will not entitle the purchaser to new Online Courses. New Online Courses must be purchased separately.

5.4 From the date upon which any new guidance becomes effective, existing Online Courses will cease to be available for purchase. In these circumstances, the Online Courses will be removed from the course listing. When a course is removed, the course will no longer be accessible. You will be notified about it and if you purchased access to Online Course for specified period prior removal, we grant that access to you until specified period lapses.

 

6. Use of the Training Material

6.1 The Service enables you to access Training Material which is protected by copyright and other intellectual property rights and related rights (the “Rights”) of Simlogic.

6.2 Subject to payment of the appropriate Fee, any Training Material you access may be retained by you for an unlimited period and viewed as many times as you wish provided it is used for your private and internal business use only. You may make, and use, such copies of the Training Material as are reasonably necessary to enable this use only. All other Rights are reserved by Simlogic and for the avoidance of doubts, the Training Material is not transferable.

6.3 You acknowledge the rights of the IFRS Foundation (Foundation) in the Foundation’s Works which form part of the Publication and shall not do or omit to do any act which would or might invalidate or be inconsistent with those rights. 


6.4 You shall comply with all applicable laws when using this Publication. 


6.5 You are permitted to use the Works for their personal and non-commercial use only and shall not, without prior written agreement of the Foundation have the right to license, sublicense, sell, supply, rent out, publish, display or otherwise distribute any part of the Works to third parties, nor create any derivative work based on the Works, this Publication or any part thereof. 


6.6 You and any other third parties do not have the right to reproduce, in either hard copy or electronic format, any part of the Works including the text of any individual International Financial Reporting Standard (including International Accounting Standards) or specific document, or any extract or combination thereof for any commercial purposes including any seminar, conference, training or similar commercial event without the prior written permission of the Foundation. 


6.7 You are obliged to obtain the approval from the Foundation to produce more copies than those permitted by the provisions of the copyright and database right legislation in their respective territory relating to fair dealing for non-commercial research or private study or relating to personal copying for private use. 


6.8 The Foundation reserves the right to make additional charges for use by you otherwise than in accordance with these Terms. 


6.9 You shall not remove or obscure, or attempt to remove or obscure, any copyright notice, disclaimer or other text included in this Publication or any technical measures which protect against misuse of the Works or this Publication. 


6.10 If you breach any of the provisions of these Terms their right to use the Works shall forthwith terminate. 


6.11 Some of the material comprised in the Works is freely available from Governmental institutions and bodies. 


6.12 For the purposes of these Terms “Works” means material which has been identified in the relevant publication, training materials or in seminars as provided by the Foundation and “Publication” means this publication in any format including electronic and print. 


 

7. Technical availability and disruption of access

7.1 The Service is accessed via the Internet. You are responsible for the provision of and payment for the telecommunications services plus a suitable computer, browser, modem and any other items of hardware, software or communications equipment necessary to enable you to access the Service and receive the Training Material. We will not be able to issue refunds against these charges or accept responsibility for any delay or inability to access any part of the Service or the Training Material due to any faults of, or your means of access to, the Internet or your reception of the Service and the Training Material.

7.2 We will use reasonable skills and care in providing such technical support and shall take steps to seek that this Service is available but cannot guarantee uninterrupted availability. We do not guarantee that the possible technical support provided will resolve your technical problems.

7.3 You accept and acknowledge that periods of downtime may be required in respect of the information technology infrastructure connected to this Site and that technical support may not be available during such periods of downtime. Further you accept that you will not have a claim for breach of contract or otherwise in respect of such period of unavailability.

7.4 You also acknowledge that we cannot be held responsible for any delay or disruptions that are inherent in the operation of the Internet and the World Wide Web, including but not limited to viruses.

7.5 We will use reasonable efforts to seek that the Site is available 24 hours a day 7 days a week. However, we reserve the right to suspend access to the Site. There may be occasions when access to the Site is interrupted for emergency maintenance or repairs or to carry out upgrades to improve the performance or functionality of the Site. Access may also be interrupted due to failures of telecommunications links and equipment, which are beyond our control.

 

8. In-house courses, consulting services and other online courses

8.1 If you are interested in in-house courses provided by us or consulting services, please contact us at support@ifrsbox.com. Provision of In-house courses will be arranged by separate agreement between you and us.

8.2 You can purchase the courses by the third parties on our website. Hereby you acknowledge that the third parties are responsible to carry out the courses and we are acting only as a sales representative. Therefore, by making a purchase of the third party courses on our website, you agree to the terms of services by the third parties.

8.3 Courses by the third parties offered on our website are:

  • Anti-Money Laundering Course,
  • IFRS Enabler.

8.4 If you wish to read the terms of service of the third parties before purchasing any of the courses listed in 8.3, please contact us at support@ifrsbox.com
 

9. Limitation of liability

9.1 Our Services are for training purposes only. We will not accept any responsibility to any party for the use of these materials for any purpose other than training, including but not limited to the giving of advice by any purchaser to any third party.

9.2 Whilst we will use all reasonable skills and care in the creation and supply of the Service and the Training Material and the selection of our training suppliers, we do not give any warranty as to their suitability, accuracy or fitness for any purpose. We cannot guarantee that e-mail questions to lecturers will be answered, or where they are, take any responsibility therefore as to content or any reliance placed thereon.

9.3 The pages contained in this Site may contain technical inaccuracies and typographical errors. The information in these pages may be updated from time to time and may at times be out of date. We accept no responsibility for keeping the information in these pages up to date or liability for any failure to do so.

9.4 Subject to 9.5 and 9.6 we exclude all liability whether in contract, tort (including liability for negligence) or otherwise for the suitability, accuracy or fitness for any purpose of the Service and any Training Material and limit liability for any other liability under these Terms to the Fee payable by you for the element of the Service or Training Material in dispute.

9.5 Subject to 9.6 we exclude all liability for loss of business revenue or profits, anticipated savings or wasted expenditure, corruption or destruction or data or for any other indirect or consequential loss whatever.

9.6 We limit or exclude our liability for death or personal injury caused by its negligence or any other liability the limitation or exclusion of which is prohibited by law.

9.7 We accept no liability if, for whatever reason, a course does not take place.
 

10. Privacy and data protection

10.1 We do not need your consent if we use special categories of your personal information in accordance with our written policy to carry out our legal obligations.

10.2 In some circumstances, we may ask you for your written consent to allow us to process certain particularly sensitive data. When we do, we will provide you with full details of the information that we would like and the reason we need it, so that you can carefully consider whether you wish to consent.

10.3 You should be aware that it is not a condition of your contract/right to study with us that you agree to any request for consent from us. However, we may not be able to provide you with certain services (such as learning support) if you do not agree to provide such data to us.

10.4 We collect the following information about you:

  • Your e-mail address, when you subscribe to our newsletter.
  • Your name, address and e-mail when you purchase our Online Courses.
  • Log information when you log into your account and study our Online Courses. Log information are type of browser you use, the time, duration and frequency of your access; your IP addresses, pages viewed, your grades and certificates you gained during the study.

10.5 We use the information about you to communicate with you and operate our Online Courses. We are sending out our newsletters time to time. We also need your information in order to issue the invoices for the courses, to track your progress in the course and to issue certificates of completion after you successfully pass the quiz.

10.6 Our commitment is to protect your privacy. Personal details obtained from you are not shared with any parties external to Simlogic except for when required by law and except as described in the point 10.7.

10.7 If you purchase the third-party course from us as described in paragraphs 8.2 and 8.3 of these Terms, then we will share your full name and e-mail address with the third-party provider in order to give you the access to the relevant course and carry out the training.

10.8 This website uses cookies to improve your experience and enable our service. By continuing to use the website, you agree to use cookies. You can read more about our cookie policy here.

10.9 Your information collected by us is securely stored on our secure servers and is not accessible to third parties.

10.10 Any payment transactions are carried out by our suppliers (PayPal and FastSpring). When you make a payment on IFRSbox, you will be redirected to the third party payment gate and you need to submit your payment details to them. We do not receive any payment information from you directly. Both our payment gates have their own strong data protection policies in place and all payment transactions and information are encrypted using SSL technology to ensure the highest level of security.

10.11 We will only retain your personal data for as long as necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements.

 

11. Indemnification

11.1 You agree to indemnify Simlogic against any claims or legal proceedings arising from any use by you of the Service, the Works and the Training Material under this Agreement which are brought or threatened against us by another person.

 

12. Cancellation and Termination

12.1 In addition to any other rights we may have, we can terminate your password and your Account immediately without notice if you: (a) breach any provision of this Agreement and fail to remedy that breach promptly upon notice from us; or (b) are made bankrupt, enter into liquidation or any arrangement or composition with your creditors or if a receiver or administrator or administrative receiver is appointed against any of your assets or business.

 

13. Miscellaneous

13.1 We may modify the Terms at any time, such modifications becoming effective immediately upon either posting of the modified Terms on the Service or notification to you. By continuing to use the Service following any such modification you will be deemed to accept such modification.

13.2. You are not allowed to re-sell or attempt to re-sell the Service (or any part or facility of it), Works or any Training Material to any other person.

13.3 If we cannot perform our obligation under these Terms because of circumstances beyond our reasonable control such as technical failure, severe weather, fire or explosion, civil disorder, war, or military operations, natural or local emergency, anything done by government or other competent authority or industrial disputes of any kind, we will not be liable for this.

13.4 Notices given under these Terms may be given by us to you in writing to your e-mail address and by you to us to in writing to the e-mail address support@ifrsbox.com.

13.5 This Agreement is governed by laws of European Union.

Last updated: 21 May 2018