These Terms of Service ("Terms") constitute a legally binding agreement between you (or the entity you represent, "Customer") and Nexus Trust, Inc., a Delaware corporation operating the Veris product brand ("Veris," "we," "us," or "our"). By accessing or using the Veris platform and services, you agree to be bound by these Terms.
If you are entering into these Terms on behalf of a company or other legal entity, you represent that you have the authority to bind that entity to these Terms. If you do not have such authority, or if you do not agree with these Terms, you may not use the Services.
Veris provides AI-native compliance infrastructure for stablecoin finance. The Services include:
Veris provides compliance tools and infrastructure. Veris does not provide legal advice. All AI-generated outputs, including risk classifications, investigation summaries, and draft reports, require review and approval by qualified compliance personnel before submission to any regulatory authority.
The Services are available to legal entities that operate in regulated financial services, including stablecoin issuers, payment processors, banks, white-label platforms, and DeFi protocols. Individual consumer accounts are not offered.
By using the Services, you represent that:
To access the Services, you must register for an account and provide accurate, current, and complete registration information. You agree to update your registration information as necessary to keep it accurate.
You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account. We are not liable for any loss arising from unauthorized use of your account credentials.
You may authorize employees and contractors to access the Services on your behalf ("Authorized Users"). You are responsible for ensuring that Authorized Users comply with these Terms and for any actions taken by Authorized Users through your account.
You may use the Services solely for your internal compliance operations in accordance with these Terms and applicable law.
You agree not to:
You retain all ownership rights to data you submit to the Services ("Customer Data"). You grant us a limited license to process Customer Data solely for the purpose of providing the Services.
To the extent we process personal data on your behalf, the terms of our Data Processing Agreement (DPA) apply. The DPA is incorporated into these Terms by reference and is available upon request.
You are responsible for your own compliance obligations. The Services are tools that assist your compliance program. Final decisions on alert disposition, case escalation, report submission, and regulatory filings remain your responsibility. Veris is not liable for compliance failures resulting from your decisions or failure to review AI-generated outputs.
The accuracy of AI agent outputs depends on the quality and completeness of available data, including blockchain data, sanctions databases, and Customer Data. We make reasonable efforts to maintain data quality but do not guarantee that outputs will be free from errors or omissions.
Veris AI agents operate autonomously within defined parameters to classify alerts, investigate threats, and draft reports. AI agents process data and generate outputs based on their training and the data available to them.
All AI agent outputs are generated for review by qualified compliance personnel. You agree that no AI-generated output will be submitted to a regulatory authority, used as a basis for enforcement action, or relied upon for a compliance determination without prior review and approval by a qualified individual within your organization.
AI agents are continuously improved. We do not guarantee specific accuracy rates, response times, or performance metrics unless expressly stated in a separate Service Level Agreement (SLA). AI model updates may affect output characteristics.
The Services, including AI models, algorithms, software, documentation, and all related intellectual property, are and remain the exclusive property of Nexus Trust, Inc. These Terms do not grant you any rights to our intellectual property except the limited right to use the Services as described here.
If you provide feedback, suggestions, or recommendations regarding the Services, you grant us a perpetual, irrevocable, royalty-free license to use, modify, and incorporate such feedback into the Services without obligation to you.
We may use aggregated, de-identified data derived from your use of the Services to improve the Services, train AI models, and generate industry benchmarks. Such aggregated data will not identify you or any individual.
Fees for the Services are set forth in the applicable Order Form or pricing schedule. Unless otherwise specified:
Each party agrees to protect the other party's confidential information using at least the same degree of care it uses to protect its own confidential information, and in no event less than reasonable care. Confidential information includes non-public information disclosed by either party, including business plans, financial information, technical data, and Customer Data.
Confidentiality obligations do not apply to information that is publicly available, independently developed, rightfully received from a third party without restriction, or required to be disclosed by law (with reasonable advance notice to the disclosing party where permitted).
Each party represents and warrants that it has the legal power and authority to enter into these Terms and perform its obligations.
We warrant that the Services will perform materially in accordance with the applicable documentation during the subscription term. If the Services fail to meet this warranty, your exclusive remedy is for us to correct the non-conformity or, if we cannot do so within a reasonable time, terminate the affected Services and refund prepaid fees for the unused portion of the subscription term.
EXCEPT AS EXPRESSLY STATED IN THESE TERMS, THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE." WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR COMPLETELY SECURE.
WE DO NOT WARRANT THAT AI AGENT OUTPUTS WILL BE ACCURATE, COMPLETE, OR SUITABLE FOR ANY PARTICULAR REGULATORY REQUIREMENT. COMPLIANCE DETERMINATIONS REMAIN THE RESPONSIBILITY OF THE CUSTOMER.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER PARTY WILL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, BUSINESS OPPORTUNITIES, OR GOODWILL, REGARDLESS OF THE THEORY OF LIABILITY.
OUR TOTAL AGGREGATE LIABILITY UNDER THESE TERMS WILL NOT EXCEED THE AMOUNTS PAID BY YOU FOR THE SERVICES DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM.
These limitations apply regardless of whether a party has been advised of the possibility of such damages and regardless of whether a remedy fails of its essential purpose.
We will defend, indemnify, and hold you harmless from third-party claims alleging that the Services infringe a third party's intellectual property rights, and will pay damages finally awarded or settlement amounts approved by us.
You will defend, indemnify, and hold us harmless from third-party claims arising from your use of the Services in violation of these Terms, your breach of applicable law, or your failure to review AI-generated outputs before regulatory submission.
These Terms are effective from the date you first access the Services and continue until terminated. Subscription terms are set forth in the applicable Order Form.
Either party may terminate these Terms if the other party materially breaches these Terms and fails to cure the breach within 30 days of written notice.
Either party may terminate these Terms at the end of any subscription term by providing written notice at least 30 days before the end of the then-current term.
Upon termination, your access to the Services will cease. We will make your Customer Data available for export for 30 days following termination. After that period, we will delete your Customer Data, except as required to be retained by applicable law or regulation. Sections that by their nature should survive termination will survive, including confidentiality, limitation of liability, and indemnification.
These Terms are governed by the laws of the State of Delaware, without regard to conflict of laws principles. Any dispute arising under these Terms will be resolved exclusively in the state or federal courts located in Wilmington, Delaware, and each party consents to the personal jurisdiction of such courts.
Before initiating litigation, each party agrees to attempt to resolve disputes through good faith negotiation for a period of 30 days following written notice of the dispute.
For questions about these Terms, contact us at legal@useveris.finance.