Terms and Conditions

1. Acceptance of Terms

Welcome to Term Karma.

These Terms and Conditions ("Terms") govern your access to and use of the Term Karma website, business profiles, supplier marketplace, document management tools, application services, and related features (collectively, the "Services").

Term Karma is operated by [Insert Legal Business Entity Name] ("Term Karma," "we," "us," or "our").

By creating an account, accessing the Services, or otherwise using Term Karma, you agree to these Terms and our Privacy Policy.

If you use Term Karma on behalf of a business or other organization, you represent that you have authority to bind that organization to these Terms.

If you do not agree, you must not use the Services.

2. Description of Services

Term Karma is a business-to-business technology platform designed to help businesses discover suppliers offering purchasing terms and manage information associated with supplier credit applications.

Depending on availability, Services may include:

• Business profiles and reusable application information
• Secure document organization and storage
• Supplier discovery and matching
• Net 30, Net 60, and other purchasing-term opportunities
• Application preparation and tracking
• Authorized information sharing with suppliers
• Trade account management and payment reminders
• Supplier profiles and promotional listings
• Other business relationship management features

Certain features may be offered only during private beta, through invitations, or as they become available.

We may modify, introduce, suspend, or discontinue features subject to applicable law and any contractual commitments.

3. Term Karma Is Not a Lender

Term Karma is not a bank, lender, credit bureau, credit repair organization, or financial institution.

Unless expressly disclosed otherwise through a separate agreement, Term Karma does not:

• Extend business credit
• Make lending or supplier credit decisions
• Guarantee approval
• Determine final credit limits
• Set supplier payment terms
• Guarantee business credit score improvements
• Guarantee reporting to business credit bureaus
• Assume responsibility for a business's obligations to its suppliers

Suppliers independently determine whether to offer purchasing terms, subject to their own policies and requirements.

Information provided through Term Karma is for business and informational purposes and is not individualized legal, accounting, tax, or financial advice.

4. Account Registration and Eligibility

Users must be at least 18 years old and legally capable of entering into binding agreements.

Users registering on behalf of a business must be authorized to represent that business.

You agree to provide accurate, current, and complete information and maintain the accuracy of your account.

You are responsible for safeguarding your login credentials and activities conducted through your account, except to the extent caused by Term Karma's own acts or omissions.

We may request reasonable verification of business identity or authority.

We may restrict or suspend accounts involved in fraud, unauthorized activity, or material violations of these Terms.

5. Business Information and Documents

Term Karma may allow users to upload, maintain, update, and reuse business documents and application information.

Documents may include W-9 forms, certificates of insurance, business identification information, financial statements, trade references, and other application materials.

By uploading information, you represent that:

• You have the legal right to provide it.
• The information is accurate to the best of your knowledge.
• You have obtained any necessary permissions from individuals whose information appears in the documents.
• The information does not violate applicable law or third-party rights.

You retain ownership of the information and documents you submit.

You grant Term Karma a limited, nonexclusive license to host, store, process, reproduce, and display that information as reasonably necessary to provide the Services, follow your instructions, maintain security, and comply with applicable law.

This license does not transfer ownership of your documents to Term Karma.

6. Application Authorization and Document Sharing

Uploading a document does not automatically authorize its submission to a supplier.

Where application-sharing functionality is available, Term Karma requires an appropriate authorization before transmitting or making selected application information available to a supplier.

An authorization may specify:

• The intended supplier or recipient
• The information or documents approved for sharing
• The purpose of the disclosure
• The applicable application or transaction

Term Karma will not intentionally submit an application or disclose application documents to a supplier outside the scope of the authorization provided.

You are responsible for reviewing the information you authorize for submission.

Once information has been lawfully provided to an independent supplier, that supplier may retain or process it according to applicable law, its own policies, and the terms governing your relationship.

Revoking an authorization does not automatically retrieve information already delivered.

7. Supplier Matching and Recommendations

Term Karma may provide supplier suggestions, matching indicators, eligibility estimates, or other recommendations based on available business information and supplier criteria.

These indicators are informational estimates, not credit decisions.

A favorable match does not mean:

• A business is preapproved.
• An application will be accepted.
• A particular credit limit will be granted.
• A supplier will extend Net 30 or Net 60 terms.
• A supplier will report payments to a business credit bureau.

Supplier requirements and available programs may change without notice.

Users should confirm current terms directly with the relevant supplier before entering an agreement.

8. Supplier Accounts and Responsibilities

Suppliers participating in Term Karma are responsible for the accuracy of their listings, program descriptions, eligibility requirements, and application instructions.

Suppliers are independently responsible for:

• Reviewing applications
• Making credit decisions
• Establishing credit limits
• Setting payment terms
• Managing invoices and collections
• Complying with applicable laws
• Protecting applicant information they receive
• Maintaining accurate supplier account records

Term Karma does not become a party to a purchasing or credit agreement solely because a supplier and business connect through the platform.

Additional supplier agreements may apply to advanced services.

9. Payments, Invoices, and Trade Accounts

Where Term Karma offers invoice tracking, payment reminders, or account management tools, those features are intended to help users organize information.

Unless expressly stated in a separate agreement, Term Karma does not collect supplier debts, process payments on behalf of suppliers, guarantee payment, or assume responsibility for outstanding balances.

Users remain responsible for satisfying their contractual payment obligations.

Any invoice, balance, or account status displayed on Term Karma should be verified against the supplier's authoritative records.

Disputes regarding purchases, deliveries, invoices, credit limits, or payment terms must generally be resolved between the business and supplier.

10. Fees and Paid Services

Certain Term Karma services may be available free of charge.

We may introduce optional paid features, supplier subscriptions, advertising placements, lead-generation services, or other commercial offerings.

Before a user purchases a paid service, Term Karma will disclose the applicable pricing, billing frequency, material restrictions, renewal terms, and cancellation conditions.

We will not charge a user for an optional paid subscription without an appropriate purchase authorization.

Additional terms may apply to specific paid services.

Any future fees or changes to paid services will be communicated as required by applicable law.

11. Sponsored Listings and Advertising

Term Karma may display sponsored supplier listings or promotional opportunities.

Sponsored placements do not constitute a guarantee of supplier quality, eligibility, credit approval, or financial suitability.

Where applicable, paid placements will be identified appropriately.

Supplier advertising arrangements do not give advertisers unrestricted access to confidential business applications, uploaded documents, or sensitive identification information.

Any permitted sharing of user information is governed by our Privacy Policy, applicable authorizations, and law.

12. Acceptable Use

Users agree not to:

• Submit false or misleading business information
• Impersonate another person or business
• Upload documents without appropriate authority
• Access another user's private information without authorization
• Attempt to bypass platform security controls
• Use the Services for fraudulent credit applications
• Introduce malicious software
• Scrape protected information or misuse platform data
• Interfere with the operation of the Services
• Violate applicable laws or third-party rights

We may investigate suspected misuse and take proportionate action, including account restrictions or suspension.

13. Intellectual Property

The Term Karma name, website design, software, original content, and other proprietary materials are owned by Term Karma or its licensors, subject to applicable rights.

These Terms do not transfer ownership of Term Karma's intellectual property.

Users may access and use the Services for their authorized business purposes.

Users may not reproduce, distribute, reverse engineer, or commercially exploit protected platform materials except as permitted by law or written authorization.

Business documents and information uploaded by users remain subject to the ownership provisions in Section 5.

14. Privacy and Data Protection

Our collection, use, retention, and disclosure of personal information are described in our Privacy Policy.

Privacy Policy: https://termkarma.com/legal/privacy

Term Karma uses safeguards intended to protect information, but no online service can guarantee absolute security.

Users should avoid uploading information that is unnecessary for their intended application or service.

15. Third-Party Services

Term Karma may provide access to supplier websites, external applications, or third-party services.

These services may be governed by separate terms and privacy policies.

Term Karma is not responsible for independent third-party decisions, products, or services, except as required by applicable law.

16. Service Availability

We strive to maintain reliable access to Term Karma.

However, the Services may occasionally be unavailable due to maintenance, technical issues, security incidents, or circumstances beyond our reasonable control.

We do not guarantee uninterrupted or error-free availability.

During private beta, features may be incomplete, subject to testing, or modified as the platform develops.

Nothing in this section limits rights that cannot lawfully be excluded.

17. Disclaimers

To the extent permitted by applicable law, the Services are provided on an "as is" and "as available" basis.

Term Karma makes no guarantee regarding:

• Supplier availability
• Application approval
• Credit limits or purchasing terms
• Business credit score changes
• Supplier credit bureau reporting
• The accuracy of third-party supplier information
• Particular business or financial outcomes

These disclaimers do not exclude obligations or warranties that cannot legally be disclaimed.

18. Limitation of Liability

To the maximum extent permitted by applicable law, Term Karma will not be liable for indirect, incidental, special, consequential, or punitive damages arising from the use of the Services, including lost profits or business opportunities.

Any limitation of direct damages, monetary liability cap, or additional allocation of risk must be specified in a separately approved agreement or legally reviewed revision of these Terms.

Nothing in these Terms limits liability where doing so would be prohibited by law.

19. Indemnification

To the extent permitted by applicable law, business users agree to indemnify Term Karma against third-party claims arising from their fraudulent conduct, unlawful use of the Services, or knowing submission of information they were not authorized to provide.

This obligation does not apply to claims caused by Term Karma's own negligence, misconduct, or violation of applicable law.

20. Account Closure and Termination

Users may request account closure through available account settings or by contacting Term Karma.

We may suspend or terminate access when reasonably necessary to address fraud, security risks, unlawful activity, or material violations of these Terms.

Upon closure, information will be handled according to the Privacy Policy and applicable retention obligations.

Account closure does not automatically terminate independent agreements between a business and its suppliers.

21. Changes to These Terms

We may update these Terms to reflect changes in the Services, business practices, or applicable law.

We will post revised Terms with an updated effective date.

Where required by law or an applicable agreement, we will provide additional notice or obtain acceptance before material changes take effect.

22. Governing Law and Disputes

These Terms are intended to be governed by the laws of [Insert Applicable State], subject to applicable mandatory consumer, privacy, and other legal protections.

Any exclusive venue, arbitration requirement, class-action waiver, or additional dispute resolution procedure must be separately reviewed and expressly incorporated before it becomes part of these Terms.

Nothing in these Terms waives rights that cannot legally be waived.

23. General Provisions

If a provision of these Terms is found unenforceable, the remaining provisions will continue to apply to the extent permitted by law.

Failure to enforce a provision does not automatically waive the right to enforce it later.

These Terms, together with incorporated policies and applicable additional agreements, govern the use of Term Karma.

24. Contact Information

For questions regarding these Terms and Conditions, contact:

Term Karma Website: https://termkarma.com Email: [Insert Customer Support Email] Legal Entity: [Insert Legal Business Entity Name] Mailing Address: [Insert Business Mailing Address]