These Terms of Service (the "Terms") constitute a legally binding agreement between you ("User", "you") and Frsly ("Frsly", "we", "us", "our") governing your access to and use of the software-as-a-service platform available at frsly.com and any related services (collectively, the "Service"). By creating an account, accessing, or using the Service in any manner, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you must not access or use the Service.
The Service is a computational tool that assists finance professionals in preparing calculations and working papers commonly used in connection with financial reporting frameworks, including but not limited to International Financial Reporting Standards ("IFRS") and Turkish Financial Reporting Standards ("TFRS"). The Service performs arithmetic operations, generates schedules, journal entry suggestions, trial balance consolidations, and similar outputs (collectively, "Outputs") based exclusively on data, parameters, and assumptions entered by the User.
Outputs generated by the Service are not a substitute for the judgment of qualified professionals. You are solely responsible for engaging appropriately licensed accountants, independent auditors, tax advisors, and legal counsel to review, verify, and approve any figures, journal entries, financial statements, or disclosures before they are relied upon, filed, published, or otherwise used for any purpose.
Regardless of the manner, context, or purpose of use, Frsly does not represent, warrant, or guarantee that any Output is accurate, complete, current, error-free, or compliant with any accounting standard, law, or regulation. Accounting standards are subject to interpretation, amendment, and jurisdiction-specific application, and the correctness of any Output depends materially on the accuracy and completeness of the data and assumptions supplied by the User.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICE AND ALL OUTPUTS ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, NON-INFRINGEMENT, OR UNINTERRUPTED OR ERROR-FREE OPERATION. FRSLY EXPRESSLY DISCLAIMS ANY WARRANTY THAT THE OUTPUTS WILL ACHIEVE ANY PARTICULAR RESULT OR SATISFY ANY REGULATORY, AUDIT, OR FILING REQUIREMENT.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL FRSLY, ITS OWNERS, OFFICERS, EMPLOYEES, CONTRACTORS, OR SUPPLIERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR BUSINESS OPPORTUNITY, OR FOR ANY PENALTIES, FINES, RESTATEMENTS, AUDIT ADJUSTMENTS, OR REGULATORY SANCTIONS, ARISING OUT OF OR IN CONNECTION WITH THE SERVICE OR ANY OUTPUT, WHETHER BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER LEGAL THEORY, EVEN IF FRSLY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
FRSLY'S AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE SHALL NOT EXCEED THE TOTAL FEES ACTUALLY PAID BY YOU TO FRSLY FOR THE SERVICE DURING THE THREE (3) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR, IF NO FEES HAVE BEEN PAID, ONE HUNDRED (100) TURKISH LIRA.
Nothing in these Terms excludes or limits liability that cannot be excluded or limited under mandatory provisions of applicable law, including liability arising from intent or gross negligence.
You agree to indemnify, defend, and hold harmless Frsly and its affiliates from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of the Service or reliance on any Output; (b) your breach of these Terms; (c) data you submit to the Service; or (d) any third party's reliance on financial information prepared with the assistance of the Service.
Certain features of the Service are offered on a paid subscription basis. Fees, billing cycles, and module entitlements are presented at the point of purchase. Fees are non-refundable except where required by mandatory law. We may suspend or terminate your access for breach of these Terms. You may stop using the Service and request account deletion at any time. Sections 2, 3, 5, 6, 8, and 10 survive any termination.
The Service, including its software, design, and content (excluding User data), is and remains the exclusive property of Frsly. You retain all rights to the data you upload. You grant Frsly a limited license to process your data solely to provide the Service.
We process personal data in accordance with applicable data protection legislation, including the Turkish Personal Data Protection Law No. 6698 ("KVKK") where applicable. You are responsible for ensuring that any personal data you upload (e.g., employee information used in provision calculations) is collected and shared with us lawfully.
These Terms shall be governed by and construed in accordance with the laws of the Republic of Türkiye, without regard to its conflict of laws principles. The courts and enforcement offices of Istanbul (Çağlayan) shall have exclusive jurisdiction over any dispute arising out of or in connection with these Terms or the Service.
We may modify these Terms or the Service at any time. Material changes will be notified through the Service or by email. Your continued use of the Service after the effective date of any change constitutes acceptance of the revised Terms.
If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. Our failure to enforce any right shall not constitute a waiver. These Terms constitute the entire agreement between you and Frsly regarding the Service and supersede all prior understandings.
"IFRS®", "IAS®", "IASB®", "IFRS Foundation®", "International Financial Reporting Standards®" and related marks are registered trademarks of the IFRS Foundation. "TFRS" and Turkish Financial Reporting Standards are administered by the relevant Turkish authority (KGK — Kamu Gözetimi Kurumu). Frsly is an independent software product and is not affiliated with, endorsed by, sponsored by, or otherwise associated with the IFRS Foundation, the IASB, the KGK, or any standard-setting body. References to any standard are made solely for identification and descriptive purposes to indicate the nature of the calculations the Service can assist with. The Service does not reproduce, distribute, or provide the official text of any standard; users must obtain official standards from their respective publishers.
Questions about these Terms may be directed to: contact@frsly.com