Terms of Service

Last updated: February 2026

1. Acceptance of Terms

By accessing or using the Veldi platform ("Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you may not use the Service. These Terms constitute a legally binding agreement between you and Veldi ehf.

2. Description of Service

Veldi is a personal asset management platform that allows you to track assets you own, including real estate, vehicles, boats, and other personal property. The Service enables you to record financial information such as expenses, loans, and insurance; manage maintenance schedules and history; store related documents; and view dashboards summarising your asset portfolio.

Veldi is currently in beta / early access. Features may change, and the Service is provided on an as-is basis during this period.

3. Account Registration

To use Veldi, you must create an account. By registering, you represent that:

• You are at least 18 years of age.
• The information you provide is accurate and complete.
• You will keep your login credentials secure and confidential.
• You are responsible for all activity that occurs under your account.

Each account is intended for a single individual. You may not share your account credentials with others or create multiple accounts for the same person.

4. Acceptable Use

You agree to use Veldi only for lawful, personal, non-commercial purposes. You may not:

• Use automated tools, bots, or scrapers to access the Service.
• Upload content that is illegal, harmful, or infringes on the rights of others.
• Attempt to circumvent security measures, access other users' data, or interfere with the operation of the Service.
• Use the Service to store or transmit malware or malicious code.
• Resell, sublicense, or commercially exploit the Service without our written consent.

5. Intellectual Property

The Veldi name, logo, design, software, and all related intellectual property are the property of Veldi ehf. and are protected by applicable copyright, trademark, and other intellectual property laws. You may not copy, modify, distribute, or create derivative works based on our Service without prior written permission.

6. User Data and Content

You retain full ownership of all data and content you enter into Veldi, including asset details, financial records, documents, and photos. We do not claim any intellectual property rights over your content.

By using the Service, you grant Veldi ehf. a limited licence to process your data solely for the purpose of providing and improving the Service. For details on how we handle your personal data, please see our Privacy Policy.

7. Service Availability

We strive to keep Veldi available and reliable, but we cannot guarantee uninterrupted access. The Service is provided "as-is" and "as-available," particularly during the beta period. We may:

• Perform maintenance that temporarily affects availability.
• Modify, update, or remove features at our discretion.
• Discontinue the Service or any part of it.

We will make reasonable efforts to notify you of significant changes or planned downtime in advance via email or in-app notification.

8. Limitation of Liability

To the maximum extent permitted by Icelandic law, Veldi ehf., its directors, employees, and affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to:

• Loss of data or data corruption.
• Financial losses or damages arising from decisions made based on information displayed in the Service.
• Loss of profits, revenue, or business opportunities.
• Service interruptions or unavailability.

Veldi is an asset tracking and management tool. It does not constitute financial, legal, tax, or investment advice. You should consult qualified professionals before making financial decisions.

9. Subscription and Payments

Veldi is currently free to use during the early access period. When we introduce paid plans in the future, we will:

• Communicate pricing clearly before any charges begin.
• Give you the opportunity to choose whether to continue with a paid plan.
• Never charge you without your explicit consent.

Regardless of your subscription status, you may export your data and delete your account at any time.

10. Termination

You may terminate your account at any time by deleting it through the Settings page. Upon deletion, your data will be permanently removed in accordance with our Privacy Policy.

We may suspend or terminate your account if you violate these Terms, engage in abusive behaviour, or if required by law. Where possible, we will provide notice and an explanation before taking action.

11. Changes to Terms

We may update these Terms from time to time. When we make material changes, we will notify you via email or through an in-app notice at least 14 days before the changes take effect. Your continued use of the Service after changes become effective constitutes acceptance of the revised Terms.

If you do not agree to the updated Terms, you may stop using the Service and delete your account.

12. Governing Law and Jurisdiction

These Terms are governed by and construed in accordance with the laws of Iceland, without regard to conflict of law principles. Any disputes arising from or relating to these Terms or the Service shall be resolved in the District Court of Reykjavik (Héraðsdómstóll Reykjavíkur).

13. Contact

If you have any questions about these Terms, please contact us at support@veldi.app.

Veldi ehf.
Reykjavik, Iceland