TERMS AND CONDITIONS OF USE FOR THE VIRACE SYSTEM
Last updated: 23rd October 2024
By using the VIRACE System (as defined below), you acknowledge that you have read, understood, accepted, and agree to comply with the Terms and Conditions of Use for the VIRACE System (including any amendments or supplements published from time to time) on the website https://virace.vn/. You represent and warrant that you have the full legal capacity to use the VIRACE System and that all information you provide is truthful and accurate. If you do not agree with or are outside the scope of the Terms and Conditions of Use for the VIRACE System and wish to discontinue using the VIRACE System, please refrain from further use.
The Terms and Conditions of Use for the VIRACE System set forth in this document constitute a legal agreement (hereinafter referred to as the “Agreement”) between you and Vietnam Industry Research and Consulting Joint Stock Company (VIRAC).
1. VIRACE System
1.1 The VIRACE System (including all improvements, modifications, and upgrades) comprises all applications, software, products, data, and information provided by VIRAC at the website https://virace.vn/. The VIRACE System is, and will always remain, the property of VIRAC, and VIRAC reserves the right to modify the interface or upgrade the functionality of the VIRACE System without prior notice to you.
1.2 VIRAC exclusively owns all rights and interests in and to the VIRACE System, including but not limited to all copyright rights and other rights in works, patent rights (including granted patents and pending applications), and all other rights related to processes, designs, ideas, inventions, discoveries, know-how, trade secrets, trademarks, trade names, and service marks (“Intellectual Property Rights”). Unless otherwise stipulated in this Agreement, VIRAC does not grant you or any related individuals/entities any rights or licenses, whether express or implied, in relation to the VIRACE System or any part thereof. Any reproduction or imitation of the VIRACE System or any part thereof by you or any related individuals/entities will remain the exclusive property of VIRAC.
1.3 Your account may be used on one (01) device. During the term of this Agreement, you may request to transfer usage to another device up to three (03) times. If this limit is exceeded, you will need to discuss the details with VIRAC to reach an alternative agreement.
2. General Provisions
2.1 Data and Information Usage Rights and Attribution:
2.1.1 VIRAC grants you a non-exclusive, non-transferable right to cite, post, copy, organize, translate data and information, and create derivative works from the data and information for your internal purposes only, including market analysis reports, industry analysis reports, company analysis reports, notes, compilations, research, or similar products. However, in all cases, you must attribute the source when using any information or data derived from the VIRACE System with the specific source name (e.g., “Source: VIRAC” or “Source: VIRACE”).
2.1.2 You may not use, copy, share, disclose, or provide, verbally or in writing, or in any other form, any data, information, images, system functionalities, promotional information, contracts, trademarks, service marks, trade names, database sources, or any part of the user manuals or other related materials from VIRAC and the VIRACE System for purposes beyond the scope of internal use as outlined above, including distributing information through any channels or media, or creating content for articles, commentaries, or other publications about the VIRACE System or VIRAC without prior written consent from VIRAC.
2.2 You may not transfer any responsibilities or rights under this Agreement without the prior written consent of VIRAC.
2.3 All information and data provided by VIRAC under this Agreement are intended solely for use as a basis for your credit, insurance, marketing, or other business decisions. The use of such information and data to establish eligibility for individuals to participate in a credit or insurance relationship primarily for personal, family, or household purposes, or for employment purposes, is strictly prohibited. The use of such information and data for any unfair or deceptive acts is also prohibited.
2.4 You also agree that VIRAC’s total liability, if any, for any damages or losses caused to you arising from any omission or act, negligent or otherwise, related to any services to be performed or provided under these Terms and Conditions, regardless of the cause of such damage or loss and the content of the legal or equitable right alleged to have been violated, will never exceed the amount paid by you for the services performed or provided under these Terms and Conditions. You further agree not to pursue claims against VIRAC for any amount exceeding this limit.
3. Confidentiality
3.1 You are obligated to take reasonable efforts and security measures concerning access to and use of account information, ensuring that only authorized personnel may access and use the VIRACE System through your account. VIRAC assumes no liability for any damages or losses arising from or related to unauthorized access due to information leakage.
3.2 All information and data provided under these Terms and Conditions must be kept strictly confidential and may not be reproduced, disclosed, or made accessible, in whole or in part, to any third party unless required by law or with the prior written consent of VIRAC.
3.3 If you fail to take reasonable efforts or security measures, or if VIRAC determines that you have intentionally violated any provisions of this Agreement, VIRAC reserves the right to suspend your account and discontinue services until the issue is resolved. Additionally, should VIRAC and the VIRACE System incur any losses due to your violation of the terms or that of any related individuals/entities, you will be fully responsible for compensating the total losses incurred by VIRAC within thirty (30) days from the date VIRAC provides written notice.
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