Terms of Service
Last updated: September 15,
2026
These Terms of Service ("Terms") govern your access to and use of
StatIntel™, RotoIntel™, RotoIntel™GT-R1, and any other product or service built on the ARCOS™ (Asset
Reliability & Cost Optimizing Simulator) platform, together with our website (collectively, the
"Services"), provided by Bhargav
Khaund, proprietor, trading as Axicos Systems (Udyam Registration No. [UDYAM-MH-33-0823683])
("Axicos," "we," "us," or "our").
The Services are designed for use in a
professional or business capacity — whether by an organization, through the personnel it authorizes,
or by an individual operating their own business, practice, or consultancy (such as a sole
proprietor, freelancer, or independent consultant) — rather than for personal, household, or
consumer use. By creating an account or otherwise using the Services, you agree to be bound by these
Terms. If you are accessing the Services on behalf of an organization (including as an employee,
contractor, or other authorized user), you represent that you have authority to bind that
organization, and "you" refers to both you and that organization. Where the Services are
instead licensed directly to an individual acting in their own professional or business capacity,
references in these Terms to "your organization" mean that individual.
1. The Services
Axicos provides asset reliability and
cost optimization decision-support tools, including:
StatIntel™ — statistical reliability and cost analysis for
static equipment assets.
RotoIntel™ — reliability and lifecycle optimization for
rotating equipment assets.
RotoIntel™
GT-R1 — a version of RotoIntel licensed to organizations for High Energy Systems.
All products are built on our
proprietary ARCOS platform. We may add, modify, or discontinue features of the Services at any time,
and will provide reasonable notice of material changes affecting paid functionality.
2. Eligibility and Accounts
You must have the legal capacity to
enter into a binding contract, and must either be acting within the scope of authority granted to
you by your organization, or be licensing the Services directly in your own professional or business
capacity, to use the Services. Individual user accounts are provisioned as part of an
organization's subscription or license, or directly to an individual professional or business
licensee, and are intended for use in that professional or business capacity, not for personal or
household use. You are responsible for maintaining the confidentiality of your account credentials
and for all activity under your account. You agree to provide accurate registration information and
to notify us promptly of any unauthorized use of your account.
Your organization is responsible for the
acts and omissions of its authorized users under these Terms, for managing who is granted access,
and for promptly notifying us when a user's access should be revoked (for example, when they
leave the organization).
3. Subscriptions and Licensing
StatIntel,
RotoIntel, and RotoIntel
GT-R1 are each licensed for use in a professional or business capacity — to
organizations for use by their authorized personnel, or directly to individual professionals
operating their own business or consultancy — on a subscription or term-license basis. Fees, billing
cycles, permitted users, and available plans are set out on our website or in an applicable order
form at the time of purchase, and may be denominated in USD or INR depending on your location.
Subscriptions renew automatically at the end of each billing period unless cancelled before the
renewal date. We will provide reasonable advance notice before any price increase takes effect for
existing subscribers.
Where a signed license agreement or
order form exists between Axicos and an organization for any of the Services (including RotoIntel
GT-R1), that agreement governs to the extent it conflicts with these Terms; otherwise these Terms
apply.
All payments are processed through our
third-party payment processor, Razorpay. By subscribing or entering into a license, you authorize
Razorpay to charge the applicable fees to your organization's chosen payment method. Your
organization is responsible for any applicable taxes.
4. Free Trials and Promotions
If we offer a free trial or promotional
pricing, additional terms may apply and will be disclosed at the time of the offer. We reserve the
right to modify or discontinue trial offers at any time.
5. Cancellation and Refunds
You may cancel your subscription at any
time; cancellation takes effect at the end of your current billing period, and you will retain
access until then. Except as required by applicable law, fees already paid are non-refundable,
including for partial billing periods.
6. License Grant and Restrictions
Subject to your organization's
compliance with these Terms and payment of applicable fees, Axicos grants your organization, and the
personnel it authorizes (or, where the Services are licensed directly to you as an individual
professional or business, you), a limited, non-exclusive, non-transferable, revocable license to
access and use the Services for your organization's (or your own) internal business purposes.
The Services are not licensed for personal, household, or consumer use.
You agree not to: (a) reverse engineer,
decompile, or attempt to derive the source code or underlying algorithms of the Services; (b)
resell, sublicense, or provide access to the Services to third parties without our written consent;
(c) use the Services to build a competing product; (d) circumvent usage limits, security controls,
or authentication mechanisms; (e) probe, scan, or test the security of the Services without our
prior written authorization; or (f) use the Services for any unlawful purpose.
7. Intellectual Property
Axicos and its licensors retain all
right, title, and interest in and to the Services, including the ARCOS platform, all software,
algorithms, models, designs, and the StatIntel™, RotoIntel™, RotoIntel™ GT-R1, and ARCOS™
trademarks. Nothing in these Terms transfers any ownership of our intellectual property to you.
As between you and Axicos, you retain
ownership of the data, parameters, and content you input into the Services ("Customer Data"). You grant Axicos a limited
license to host, process, and display Customer Data solely to provide the Services to you. We may
use aggregated or de-identified data (from which you cannot reasonably be identified) to improve our
products, but we will not sell your Customer Data or share it with other customers.
8. Third-Party Services
The Services rely on third-party
providers, including Razorpay for payment processing and Google Cloud Platform for hosting. Your use
of the Services is also subject to the applicable terms of these providers where relevant. We are
not responsible for the acts or omissions of third-party providers, though we select them with
reasonable care.
9. Disclaimers
THE SERVICES ARE PROVIDED "AS
IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED,
INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
StatIntel, RotoIntel, and RotoIntel
GT-R1 are decision-support tools that provide statistical analysis, modeling, and simulation outputs
based on the data and assumptions you provide. They do not constitute professional, financial,
engineering, or investment advice, and outputs should be independently reviewed before being relied
upon for operational, financial, or engineering decisions. Axicos is not responsible for decisions
made, or actions taken, based on the output of the Services.
10. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW,
AXICOS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE
DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA, OR BUSINESS OPPORTUNITY, ARISING OUT OF OR RELATED
TO YOUR USE OF THE SERVICES.
AXICOS'S TOTAL AGGREGATE LIABILITY
ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICES SHALL NOT EXCEED THE TOTAL FEES YOU PAID TO
AXICOS IN THE 12 MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
Nothing in these Terms limits liability
that cannot be limited under applicable law.
11. Indemnification
You agree to indemnify and hold Axicos
harmless from any claims, damages, or expenses (including reasonable legal fees) arising from your
breach of these Terms, your misuse of the Services, or your violation of any law or third-party
right.
12. Term and Termination
These Terms remain in effect while you
use the Services. We may suspend or terminate your access if you breach these Terms, fail to pay
applicable fees, or if we discontinue the Services (with reasonable notice where practicable). You
may terminate by cancelling your subscription and ceasing use of the Services. Upon termination,
your right to access the Services ends, and we will handle your Customer Data as described in our
Privacy Policy.
13. Governing Law and Dispute Resolution
These Terms are governed by the laws of
India, without regard to conflict-of-law principles. Any dispute arising out of or relating to these
Terms or the Services shall be subject to the exclusive jurisdiction of the courts located in India.
14. Changes to These Terms
We may update these Terms from time to
time. We will post the updated Terms with a new "Last updated" date, and where changes are
material, we will provide additional notice. Your continued use of the Services after changes take
effect constitutes acceptance of the updated Terms.
15. General Provisions
Force majeure. Axicos is not liable for delays or
failures caused by events beyond our reasonable control.
Severability. If any provision of these Terms is
found unenforceable, the remaining provisions remain in full effect.
Entire agreement. These Terms, together with our
Privacy Policy and any applicable license agreement or order form, constitute the entire agreement
between you and Axicos regarding the Services.
Assignment. You may not assign these Terms without
our written consent. We may assign these Terms in connection with a merger, acquisition, or sale of
assets.
Notices. We may provide notices to you via email or
through the Services. You may contact us at:
Email: info@axicos.in