Terms of Service for Financial Model Consulting

The following terms of service provide thorough information of the dynamic of work between Slidebean, Inc. (“us” or “Slidebean”) and the client (“you” or the “Client”). These terms of service are intended  to  provide information  about  the  activities  involved  in  developing  your  customized  Financial  Model  (the “Financial  Model”)  as  well  as  our  mutual  commitments  regarding  the  financial  information provided and the nature and limitations of the Services. The terms indicated herein shall be legally binding for both parties.

1. Scope of Services

We will prepare your Financial Model after carefully reviewing your present financial situation and  business  model,  based  on  the  information  you  provide  to  us and the preparation form we’ll share with you.  Our  Services  include:  (i)  A scheduled call with Slidebean’s Financial Team; (ii) The design of a customized Financial Model in accordance to your needs and based upon the historical data provided by you; (iii) Financial Model in Google Sheets format, compatible with Microsoft Excel; (iv) Tutorial or guide for appropriate use of the spreadsheet; (v) Follow-up via email; and (vi) Up to two additional calls for clarification.

Please note the following exclusions regarding our Services:

  • We  may  use  references  based  on  publicly  available  information,  or  on  our  own experience,  but  we  will  not  give  any  recommendations  based  on  the  projections  you upload or make available to us.
  • We will not perform a market study in order to determine your top market.
  • We do not engage in back office or data forensics work regarding your data.

The specifics of the Services, such as price and estimated delivery time, are detailed during the purchase process.

2. Process

Once you agree to these terms of service and complete the purchase process you will receive an Engagement letter and our proposal indicating the details of the service, price and a Non-Disclosure Agreement (the “NDA”) duly signed. After the purchase process you will be required to book a kick off call with our team and upload any information about your business. Once you have completed the purchase process, our Services will be provided as follows:

  • Step 1. Upload initial information and fill out the preparation form to get prepared for the kick off meeting. You will upload and fill out any information and documentation that may be needed for designing your Financial Model.
  • Step 2. Kick off call: You will hold a call with our Financial Analyst, to tell us what we need to know about your business, your background story and specific requirements or objectives. During the call, our analyst may request information and documentation required for designing the Financial Model.
  • Step 3. Review: Our Financial Team will review the information you included on the preparation form and the information provided during the call. We may request additional information deemed to be important. Once our team has all the information required and the preparation form is signed off on we’ll proceed with your Financial model.  
  • Step 4. Model design: We will create your Financial Model in accordance with the details provided by you in the scheduled call with our Financial Team, as well as the information and documentation you submitted.
  • Step 5. Delivery: We will deliver the initial Financial Model draft via Google Sheets, for your approval.
  • Step 6. Revision: You may provide feedback regarding the first draft of the Financial Model and our Financial Team will make the corresponding amendments or adjustments. The revised version will be sent to you for approval.
  • Step 7. Follow-up: If needed, subsequent to your receipt of the revised Financial Model, you can send any questions or queries to our Financial Team regarding the document.
  • Step 8. Additional calls: If needed, you will hold up to two additional calls with our Financial Team, for the purposes of clearing up any remaining doubts you may have in connection to the Financial Model.  

The steps indicated above will be subject to the terms and conditions established herein.

3. Information

After your scheduled call with us, you shall provide information and documentation  related  to your business model, revenue, KPIs, expenses (P&L),  and any other aspects of the company that are useful for our Financial Team to design your Financial Model. Your Financial Model will be designed based on the details given to our Financial Team during your scheduled call, and the documentation and information provided by you. Any additional information and documentation, requested by our team during the scheduled call, must be provided during the twenty-four (24) hours following the said call and any information or documentation uploaded afterwards will not be taken into account by our Financial Team in their design process.

The  delivery  time  of  the  Financial  Model  will  depend  on  your  submission  of  the  initial information needed to start the work. If you have any specific instructions or requirements you wish to be included in the Financial  Model, please let our Financial Team know  prior  to  the beginning of the works, at the time the information is uploaded, so it may be designed in strict accordance with your needs. Any specifications not listed at the time the information is uploaded or during our scheduled call, as well as any vague or unclear instructions will not be taken into consideration by our Financial Team. Our Financial Team will design your Financial Model based on the amount of revenue lines quoted and on the information uploaded and filled out by you. You acknowledge and agree that all materials and information you provide to us is accurate and complete and that we will, without independent verification, rely on it for the purpose of providing the Services. Slidebean shall not bear any responsibility or have any liability for such materials or information. Our engagement is not designed to discover errors, irregularities, illegal acts, or misrepresentations made in the information or materials provided to us.

Our Financial Team will not make any changes to your Financial Model (either the first draft or the final version) to adjust it to any information, documentation, materials or assets you failed to provide in due time.

4. Proprietary rights

You  hereby  warrant  that:  (i)  you  own  all  rights,  titles,  and  interest  in,  or  have  full  right  and authority to permit the use of the information submitted for the provision of our Services; (ii) the use of this information does not infringe the rights of any third party; (iii) you are in compliance and will remain in compliance with any licensing agreement in relation to any of the information; and (iv) the supply of such information by you and its use by Slidebean for the purposes of the provision  of  the  Services  will  not  infringe  any  rights  held  by  any  third  party,  involve  the unauthorized use of confidential information belonging to a third party or result in the breach by you or Slidebean of any law, regulation, intellectual property right or agreement.

You  shall  indemnify  and  hold  Slidebean  harmless  from  any  and  all  damages,  liabilities,  costs, losses or expenses arising out of any claim, demand or action by a third party alleging intellectual property rights infringement on the information provided by you and included in the Financial Model.

For the sole purpose of providing the Services, you hereby grant Slidebean a non-exclusive, non-transferable license to use the project assets solely in connection with the Financial Model.

5. Fees

Our fees for the Services are based on the model features required by you and detailed during the sales process. The  Financial  Model  will  be  designed  based  on  said  features.  If you should require any additional features or consultation calls, additional costs will be applicable. In the event you should require any of the above, please contact our Agency team so we can provide a quotation.

6. Revisions and Deliverables

The delivery time will depend on the purchased Services. The Financial Model needs are defined by the project assets you upload and any details regarding your business model provided on our Scheduled Call. Regarding the Financial Model, once you have  received  the  first  version,  and  following  your  revision,  we  may  make  modifications  or adjustments  associated  with  formula  errors  or  new  KPI  tracking  and  visualization.  

However,  revisions do not include the incorporation of any new ideas or features not previously contemplated in the information provided by you in accordance with section 3 above. Revisions of  the  Financial  Model  do  not  include  any  amendment  or  revision  of  the  content,  since  such content is deemed to have been previously submitted and approved by you. The Client’s contact person (as established in section 7 below) will be in charge of requesting any changes and approving the project deliverables. If the contact person is changed by the Client during the project, the new contact person will only be allowed to request the changes detailed above. After the first version of the Financial Model is sent, you will have up to two (2) weeks to respond with  feedback,  once  that  time  has  passed  the  project  will  be  placed  on  hold,  and will  no  longer  be available for any future revisions and will be considered as accepted by you. After 3 weeks the files will be permanently and irreversibly deleted from our database.

As part of the Services, the Financial Team will generate deliverable files for you. These include the final draft of the Financial Model, which is considered to be the culmination of any and all revisions performed as part of the Services. Once the final draft is delivered, the project is labeled as completed and no new edits are available under that request.

No further support will be provided from Slidebean after the additional optional calls mentioned in step 9 of Section 2 above. However, if following two (2) weeks from the delivery of the revised Financial Model we receive no feedback, due to your failure to contact us, we will provide no further support regarding said Financial Model. The  final  deliverable  file  format  is  a  Google  Sheet,  compatible  with  Microsoft  Excel. Any  failure  by  you  to  provide  all  the  necessary  information  will  affect  the  date  by  which  any potential files will be delivered.

7. Our Team’s Schedule

Our working hours are Monday to Friday, 10:00 a.m. to 7:00 p.m. Eastern Time. If the purchase is made outside of our office hours the delivery deadline will begin to run the next business day at 10:00am Eastern Time. However, our Financial Team needs to have all the information in order to begin. Therefore, if after our Scheduled Call you still need to share extra files with us, the delivery time will only start once our Financial Team has received said files. This delivery deadline applies to the first draft of the Financial Model and not for the final version.

The estimated delivery time of the final version will be as detailed in the previous section of these terms of service.

Our Services include email communications only, no calls are scheduled as part of the Services, except for the scheduled call with our Financial Team prior to beginning the model design, and the planned follow-up calls to settle any remaining doubts, if needed. If at a later point any other means of communication are deemed necessary by our Financial Team, booking them will depend on the Financial Team’s availability and will be scheduled on a case by case basis.

8.  Disclaimer

In  providing  the  Services,  we  will  not  (i)  be  providing  you  with  advice  of  any  description  in relation  to  the  Services contracted;  (ii)  be  carrying  out  any  assessment  on  the information  you  provided;  and  (iii)  be  endorsing  or  encouraging  the  making  of  any  financial decision based on the Financial Model. We will only provide you with a tool to assist you in your decision-making  process  and  are  not  recommending  you  carry  out  any  particular  course of conduct.

By designing your Financial Model, you acknowledge we are not in complete understanding of your entire internal financial structure, therefore, we are not in a position of identifying any risks, errors,  irregularities  or  illegal  acts  that  may  exist.  Furthermore,  you  acknowledge  you  are responsible for adopting safe accounting policies, maintaining an adequate accounting system for safeguarding  assets  and  retaining  supporting  documentation  for  the  transactions  carried  out  by you,  as  well  as  designing  an  internal  control  system  able  to  assure  the  proper  maintenance  of financial statements. You agree that we shall have no liability of any nature, whether in contract or otherwise, for any loss or damage of any description incurred by you or any third party arising directly or indirectly as a result of or in connection with the Services except to the extent that such liability cannot lawfully be excluded or limited.

9. Non-disclosure of Information

All  information  or  documentation  provided  by  the  Client  to  Slidebean  shall  be  considered  as confidential  information,  included  but  not  limited  to:  concepts,  diagrams,  drawings,  data  base, spreadsheets, know-how, investment plans, marketing plans, sales plans, business plans, marketing strategies, trade secrets, and any other technical, accounting, legal and/or commercial information. Therefore,  Slidebean  commits  to  maintain  it  under  strict  confidentiality  and  in consequence  not  reveal,  trade  or  disclose,  in  whole  or  in  part,  the  confidential  information provided by the Client.

Our Financial Team works under a non-disclosure agreement, to ensure that your content is kept confidential at all times. Once the project is completed and delivered, Slidebean’s  Financial  Team  will  no  longer  have  access  to  your  Financial  Model,  and  all  your information will be permanently and irreversibly deleted from our database.

Any information, advice, recommendation and other content of any report, presentation or other communications that we provide under the Services, are for your internal use only. Notwithstanding the above, you may disclose a deliverable, or refer to us in connection with the Services, provided that you hold Slidebean harmless and indemnify Slidebean to the fullest extent permitted under applicable law, against any and all expenses and liabilities reasonably incurred by us in connection with or arising out of any action, claim, suit or proceeding established by or related  to  any  third  parties  with  which  you  decide  to  share  our  deliverable  or  any  part  thereof, notwithstanding  the  general  understanding  that  they  are  not  intended  for  such  third  party,  but solely for your benefit and use,  in which Slidebean may be involved by reason of such disclosure (such damages, expenses and liabilities to include, but not be limited to judgments, court costs and attorneys ’fees and the cost of reasonable settlements). If you disclose a deliverable (or portion thereof),  you  shall  not  alter,  edit  or  modify  it  from  the  form  provided  by  us.  You  shall  inform those to whom you disclose the deliverable that they may not rely on it for any purpose without our prior written consent.

10. Service Cancellation, Issuing of Refunds and Indemnification

The Services may be cancelled at any time prior to the moment our Financial Team starts working on  your  Financial  Model.  That  means  you  can  request  the  cancellation  of  the  Services  up  to twenty-four  (24)  hours  following  the  scheduled  call.  If  the  cancellation  of  Services  happens  at this moment, we may issue a partial refund of your purchase. The amount of the partial refund will  be  determined  at  our  sole  discretion  based  on  the  time  incurred  by  our  Financial  Team  in your project.

If  the  cancellation  of  the  Services  happens  at  any  time  after the moment  indicated  above  and our Financial Team has started to work on your Financial Model, no refunds will be issued under any circumstances.  Furthermore,  you  acknowledge  that  our  Services  are  provided  in  accordance  to your objectives, instructions, and the information you have provided in  due time, and that you rely  on  our  team’s  expertise  for  designing  your  Financial  Model,  therefore,  no  refunds  will  be issued due to creative differences that may arise between the you and Slidebean. Slidebean will have  no  obligation  to  indemnify  the  Client  if  the  deliverable  does  not  meet  the  Client’s expectations.

11. Relationship between the Client and Slidebean and No Exclusivity

The provision of Services pursuant to these terms of service is not intended to create any agency, partnership,  employment  or  joint  venture  relationship  between  you  and  us. Furthermore,  the provision of our Services does not create an exclusive relationship between you and us. Therefore, we are entitled to offer and provide our Services to other clients, without limitation.

12. No Assignment

These terms of service are not assignable or transferable without our prior written consent.

13. Force Majeure

We will not be liable for any delay in our delivery times due to causes beyond our  reasonable control, including but not limited to delay caused, directly or indirectly, by fire, flood, earthquakes, other elements of nature, labor shortage or dispute, acts of war, terrorism, riots, civil disorders, rebellions or revolutions, pandemics, communications line or power failures, governmental acts or laws, court orders, and regulations imposed after the fact, or acts of third Parties.

14. Point of Contact

During the purchase process you will be required to appoint a point of contact for the project. All communications between Slidebean and the Client will be managed directly with the contact point   through   the   email   address   provided   by   you   during   the   purchase   process.     If,   for   any reason, the Client requires to change its point of contact, it should notify Slidebean indicating who will be the new point of contact and his/her email address.  No more than two points of contact will be allowed during the revisions process.

15. Governing Law

All matters relating to this engagement letter, the Proposal and the provision of our Services, as well  as  any  dispute  or  claim  arising  therefrom  or  related  thereto  (in  each  case,  including  non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of the State of New York without giving effect to any choice or conflict of law provision or rule. If any dispute arises between us, you agree to first try in good faith to settle such dispute through non-binding mediation.

Any legal suit, action or proceeding arising out of, or related to, this engagement letter or our Services shall be instituted exclusively before the federal courts of the United States or the courts of the State of New York. By accepting the terms and conditions detailed in this document, you waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.

For any inquiries about our ToS, please contact us at agency@slidebean.com

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