End User License Agreement

End User License Agreement (EULA) for Monnetta App

Effective Date: May 27, 2025

This End User License Agreement (“Agreement”) is a legal agreement between you and Monnetta Ltd. By installing or using the Monnetta mobile application (“Application”), you agree to be bound by the terms of this Agreement.

  1. The Application
    The Monnetta App is designed to help individuals and families organize, plan, and track their personal finances by setting budgets, logging transactions, managing financial goals, and monitoring spending habits over time. It is available on the Apple App Store and Google Play Store.

  2. Scope of License

  • You are granted a non-transferable, non-exclusive, non-sublicensable license to install and use the Application on Apple-branded and Android devices as permitted by the usage rules in the respective App Store Terms of Service.

  • User is given a non-transferable, non-exclusive, non-sublicensable license to install and use the Application on any Apple-branded Products as permitted by the Usage Rules and the App Store Terms of Service, except if the Application can be accessed by other accounts associated with the user via Family Sharing or volume purchasing.

  • This license will govern any updates of the Application by the Company that replace, repair, and/or supplement the first Application, unless a separate license is provided for such update.

  • User may not share or make the Application available to third parties (unless allowed by the Apple Terms and Conditions, and with the Company’s prior written consent), sell, rent, lend, lease, or redistribute the Application.

  • User may not reverse engineer, translate, disassemble, integrate, decompile, integrate, remove, modify, combine, create derivative works or updates of, adapt, or attempt to derive the source code of the Application, or any part thereof (except with the Company’s prior written consent).

  • User may not copy (unless allowed by this license and the Usage Rules) or alter the Application. User may create and store copies only on devices that they own or control for backup, keeping under the terms of this license, the App Store Terms of Service, and any other terms and conditions that apply to the device or software used. The user may not remove any intellectual property notices. User acknowledges that no unauthorized third parties may gain access to these copies at any time.

  • Violations of the Usage Rules, as well as the attempt of such infringement, may be subject to prosecution and damages.

  • The Company reserves the right to modify the terms and conditions of licensing.

  • Nothing in this license should be interpreted to restrict third-party terms. When using the Application, the user must comply with applicable third-party terms and conditions.

  • This license also applies to updates or supplements of the Application unless otherwise stated.

  1. Technical Requirements

  • The Application requires a firmware version 1.0.0 or higher. The latest firmware version is recommended.

  • The Company will attempt to keep the Application updated to comply with modified or new versions of firmware and new hardware. However, the user is not entitled to demand such an update.

  • It is the user’s responsibility to confirm that the device on which they intend to use the Application meets the technical specifications mentioned above.

  • The Company reserves the right to modify the technical specifications at any time, as it deems appropriate.

  1. Maintenance and Support
    Maintenance and support are provided at the Company’s discretion. Users can report issues via email. The Company is not obligated to provide updates or fixes.

  2. User-Generated Contributions
    Users may input budgeting data, including transactions, categories, and goals. These contributions are stored securely and shared only within shared family accounts.

  1. Contribution License
    You agree that we may access, store, process, and use any information and personal data that you provide, following the terms of the Privacy Policy [/privacy] and your choices (including settings).

    By submitting suggestions or other feedback regarding the Licensed Application, you agree that we can use and share such feedback for any purpose without compensation to you.

    We do not assert any ownership over your contributions. You retain full ownership of all your Contributions and any intellectual property rights or other property rights associated with your Contributions. We are not liable for any statements or representations in your Contributions provided by you in any area of the Licensed Application. You are solely responsible for your Contributions to the Licensed Application, and you expressly agree to exonerate us from any and all responsibility and to refrain from any legal action against us regarding your Contributions.

  2. Liability

  • The Company’s responsibility in the case of violation of obligations and tort is limited to intent and gross negligence. Only in case of a breach of essential contractual duties (cardinal obligations), will the Company also be liable in case of slight negligence. In any case, liability will be limited to the foreseeable, contractually typical damages. The limitation mentioned above does not apply to injuries to life, limb, or health.

  • The Company takes no accountability or responsibility for any damage caused by a breach of duties according to the Scope of License of this Agreement. To avoid data loss, the user is required to make use of the backup functions of the Application to the extent allowed by applicable third-party terms and conditions of use. The user is aware that in case of alterations or manipulations of the Application, the user will not have access to the Application.

  • The Company shall not be held liable for financial losses, budgeting errors, or decisions made by the user based on the information or features provided by the Application. The Application is intended solely as a budgeting aid and does not constitute financial advice.

  1. Warranty

  • Licensor warrants that the Licensed Application is free of spyware, Trojan horses, viruses, or any other malware at the time of Your download. Licensor warrants that the Licensed Application works as described in the user documentation.

  • No warranty is provided for the Licensed Application that is not executable on the device, that has been unauthorizedly modified, handled inappropriately or culpably, combined or installed with inappropriate hardware or software, used with inappropriate accessories, regardless if by Yourself or by third parties, or if there are any other reasons outside of Monnetta’s sphere of influence that affect the executability of the Licensed Application.

  • You are required to inspect the Licensed Application immediately after installing it and notify Monnetta Ltd. about issues discovered without delay by email provided in the Contact Information. The defect report will be taken into consideration and further investigated if it has been emailed within a period of 30 days after discovery.

  • If we confirm that the Licensed Application is defective, Monnetta reserves a choice to remedy the situation either by means of solving the defect or by substitute delivery.

  • In the event of any failure of the Licensed Application to conform to any applicable warranty, you may notify the Services Store Operator, and your Licensed Application purchase price will be refunded to you. To the maximum extent permitted by applicable law, the Services Store Operator will have no other warranty obligation whatsoever with respect to the Licensed Application, and any other losses, claims, damages, liabilities, expenses, and costs attributable to any negligence in adhering to any warranty.

  • If the user is an entrepreneur, any claim based on faults expires after a statutory period of limitation amounting to twelve (12) months after the Licensed Application was made available to the user. The statutory periods of limitation given by law apply to users who are consumers.

  1. Product Claims
    The Company and the End-User acknowledge that the Company, and not the Services (Apple, Google, etc.), is responsible for addressing any claims of the End-User or any third party relating to the Licensed Application or the End-User’s possession and/or use of that Licensed Application, including, but not limited to:

    • Product liability claims;

    • Any claim that the Licensed Application fails to conform to any applicable legal or regulatory requirement; and

    • Claims arising under consumer protection, privacy, or similar legislation

10. Legal Compliance
You represent and warrant that:

  • You are not in a country subject to U.S. government embargoes or listed on U.S. government restricted parties lists.

  • You comply with all local laws applicable to your use of the Licensed Application.

11. Contact Information
For general inquiries, complaints, questions, or claims concerning the Licensed Application, please contact us at: privacy@monnetta.app.

12. Termination
The license is valid until terminated by the Company or by you. Your rights under this license will terminate automatically and without notice from the Company if you fail to adhere to any term(s) of this license. Upon License termination, you shall stop all use of the Licensed Application and destroy all copies, full or partial, of the Licensed Application.

13. Third-party Terms and Beneficiary

This Agreement includes third-party beneficiary rights:

  • Apple and Google are third-party beneficiaries of this Agreement and may enforce it.

  • Your use of the Licensed Application must comply with the App Store or Google Play terms.

14. Intellectual Property Rights

All rights, titles, and interests in the Licensed Application, including but not limited to code, design, and trademarks, remain with the Company. Unauthorized use is prohibited.

15. Applicable Law
This License Agreement shall be governed by the laws of Bulgaria, without regard to its conflict of law rules.

16. Miscellaneous

  • If any of the terms of this agreement should be or become invalid, the validity of the remaining provisions shall not be affected. Invalid terms will be replaced by valid ones formulated in a way that will achieve the primary purpose.

  • Collateral agreements, changes, and amendments are only valid if laid down in writing. The preceding clause can only be waived in writing.