NoCFO Total – Terms of Service

NoCFO Total full-service bookkeeping packages, Ltd and Sole Trader

Notes on the implementation of the service:

Service price:

The fixed price includes bookkeeping, VAT filing, a limited amount of support and advice, and the NoCFO software license.

The service has no setup fee.

VAT will be added to the prices.

Exceeding the terms of the contract and exceptional actions will be automatically charged to the customer separately.

Most common additional charges:

• Additional receipts and late-submitted material: €3.80 per receipt

• Processing of sales summary reports per report +€29.00/month (e.g., POS system reports or e-commerce sales)

• Additional bank account +€39.00/month per account.

• Extra support and advice €59.00/h.

• Consulting services depending on the content €89–239/h.

• If the bookkeeping is not up to date at the start of the contract or deficiencies are found, corrections and bringing the bookkeeping up to date will be done at €89.00/h.

• Processing of investments when preparing the financial statements and tax return €89.00/h.

Service provider and billing

The bookkeeping service is provided and the NoCFO software license is granted to the customer by Septimus Oy.

The customer is charged monthly service fees directly from their bank/credit card through the Stripe payment service. Septimus Oy invoices the customer directly for any additional work and the annual financial statement and tax return billing based on actuals.

Things to note about the fixed package:

If your bookkeeping requires several additional services or is broader than the limits, please contact Septimus Oy's sales directly. We would be happy to present you with other options!

If your company has other regular employees besides the sole owner-entrepreneur, please contact Septimus Oy before signing the contract.

The contract is valid for twelve (12) months from the start of the assignment. After the fixed-term period, the contract continues until further notice, with a termination notice period of two (2) months.

The service is only suitable for limited liability companies and sole traders registered in Finland and taxable only in Finland.

Assignment agreement for bookkeeping services and Enterprise user license of the NoCFO system

Parties to the agreement

The parties to the agreement are:

Company Septimus Oy Annankatu 8 B 49, 00120 Helsinki Email: tiili@septimus.fi Business ID: 3331750-6

Partner NoCFO Oy Business ID: 3149769–7

Customer The customer who ordered the service (Sole trader or Ltd)

Parts of the agreement

The agreement consists of this document, as well as Annex 1 (Tal2023) and Annex 2 Septimus DPA. If the agreement documents conflict with each other, the text of this agreement is applied first, followed by the annexes in their numerical order.

In addition to this, persons processing Septimus Oy's data commit to confidentiality.

Services

Septimus Oy provides the customer with bookkeeping services and offers bookkeeping software.

The provided service includes:

Necessary additional services will be introduced and billed automatically if the correct execution of bookkeeping and payroll requires it (see Additional services and additional charges).

If they wish, the customer has the right to order consulting work from the company to support their operations. Consulting work is defined as any assignments that differ from standard bookkeeping services. Consulting work is always based on the customer's order. However, the company has the right to refuse to accept consulting work.

Actions related to onboarding the customer, such as data migration, configuring software settings, and customer training, are included in the price for the first 4 hours. For any exceeding time, Septimus Oy charges €59.00/h.

Payment of the service and terms of payment

The fixed price of the service is charged on the first day of each calendar month directly from the customer's bank or credit card. The payment is charged via the Stripe service, and the execution of the charge is managed by Partner NoCFO Oy. The service may also use other third-party services for payment processing if necessary. When paying, the Customer must accept the third-party terms. The Customer may, if they wish, store their card details for recurring payments. The service does not store payment details (such as card information) in its own systems.

Any additional work and services will be invoiced to the customer by the Company between the 1st and 7th day of the following month. The fixed service fee can also be invoiced directly by the Company if necessary.

The payment term for agreements based on invoices is 7 days net. Bank and credit card charges are processed without a payment term.

Hourly billing is calculated to the nearest 15 minutes.

The Company has the right to withhold starting the assignment and require an advance payment if there are gaps or other corrections needed in the customer's bookkeeping from the period preceding the agreement.

The Company has the right to suspend all customer services or withhold delivery of the service if payment is delayed by more than 7 days. The Customer is responsible for all costs incurred by closing and reopening the service. The Customer has no right to claim compensation for damages resulting from the suspension of services or the withholding of service delivery. Suspending the service due to unpaid invoices does not waive the Company's right to charge the customer.

The Company has the right to terminate the service immediately if the Customer has overdue invoices to the Company.

Pricing

The customer's billing is based on a fixed price and, for any amount exceeding its limits, on the working hours spent on the assignment or a separate additional charge. In this agreement, working hours include all time spent on providing the customer's service, including time spent communicating with the customer.

The package includes the described service and the Enterprise version of the NoCFO software.

The customer will be billed as follows:

*A receipt is formed in bookkeeping by, for example: a transaction, a payslip, a purchase invoice, a sales invoice, a receipt, paying an invoice, a tax return, clearing accounts receivable, accrual, depreciation, etc.

The service includes VAT returns, corporate or business tax returns, and mandatory wage reports without separate request or recognition of need.

Additional services and additional charges

Urgency fees

Non-standard bookkeeping processes

Additional services related to dividends, meetings, and distribution of assets

Additional services for payroll

Consulting and advisory work

For the sake of clarity, it is separately stated that if there are gaps or other corrections needed in the customer's bookkeeping from the period preceding this agreement, the work will be done at a price of €89.00/h.

Hourly work is invoiced according to the month of performance.

For consulting work not mentioned above, pricing is generally based on the price list on the company's website. When ordering consulting work, the company and the customer will establish the applicable pricing, and the company will provide the customer with a work time estimate on an assignment-by-assignment basis.

All prices presented in the agreement are excl. VAT (0%).

The urgency fee for work performed due to compelling reasons arising from the customer or authorities is determined according to the additional service price list. In addition, the company adds an official authority fee of +200% to the billing if a representative, employee, or subcontractor of the company is forced to provide non-standard support to an authority due to reasons attributable to the customer (applied, for example, in a situation where the company's bookkeeper ends up testifying about the customer's illegal activities).

General terms

The TAL2023 general terms and conditions of agreement apply to this contract (Annex 1).

Liability of the company

The Company's liability for damages is limited to a maximum of one year's service fees, a lump-sum compensation for the assignment in question, €10,000 per damage incident, or €20,000 per financial year. The lowest total compensation of these four options applies to the entire assignment. The Company has professional liability insurance and general liability insurance; the Company does not have liability insurance covering consulting activities.

The Company is never liable for indirect damages.

Claims for compensation to the Company must be submitted in writing.

The Customer must submit a written complaint to the company if it detects an error. The complaint must be made as quickly as possible, however, within 14 days of discovering the damage. If a written, itemized breakdown of the damage has not been presented to the Company within the deadline, the company will not compensate for the damage.

Use of subcontractors

The Company has the right to use subcontractors to produce its services. The Company is always responsible for the work commissioned to a subcontractor as if it were its own.

Other terms

The notice period for terminating the contract is 2 months (the next two full calendar months) after the first 12 months (one calendar year). If the customer terminates the contract during the first 12 months, the customer will be billed for the service fees of the remaining months at once, plus the lump-sum charge for the financial statement or income statement according to the service package.

Septimus Oy processes the customer's personal data registers as part of its assignment in accordance with this agreement and the Septimus DPA. The customer consents to the collection and retention of the name, address, personal identity code, age, and other identification details under the Anti-Money Laundering Act of the customer's representative, responsible persons, and beneficiaries during the assignment and for 5 years after its termination.

The agreement is not transferable. However, Septimus Oy may transfer the agreement to a third party by written notice, subject to the standard 2-month notice period.

The agreement never relieves the customer of their responsibility for bookkeeping as an entity subject to the bookkeeping obligation. The customer is also responsible for their tax obligations, employer obligations, and data controller obligations. The customer is responsible for all decisions related to their business and the legality of their agreements. The customer is also responsible for obtaining licenses for their operations. Ordering consulting work never removes the customer's responsibility.

The customer is obliged to deliver the material required to perform the assignment on time and in full, and to correct any errors immediately upon discovery. The material must be delivered at the latest two weeks (14 days) after the end of the target month. Payroll information must be delivered at the latest five days (5 days) before the payday. This also applies to other materials and instructions. Reminding the customer to deliver bookkeeping materials by the company is considered work related to the assignment and will be billed at the normal hourly rate. If the customer delivers deficient or erroneous material during the bookkeeping period, Septimus Oy is not obliged to perform the assignment for this part or for subsequent periods before the matter is resolved. However, this does not limit Septimus Oy's right to bill for the time spent. If there are deficiencies or errors in the material, the customer has no right to demand compensation for damages related to errors of that period.

The customer is obliged to provide the company with the identification information required by the Anti-Money Laundering Act and to notify of any changes without delay. The customer is obliged to provide the company with information required by the Anti-Money Laundering Act when the company so requests.

Work arising from the termination of the customer relationship will be carried out as standard hourly work.

Upon termination of the contractual relationship, the obligation to retain bookkeeping material transfers immediately to the customer. Upon termination of the contractual relationship, the obligation to retain all bookkeeping material and other materials related to the company's financial management transfers to the customer.

Entry into force

The agreement enters into force immediately or on a date separately specified on the order form.

General Terms of Service

NoCFO Oy General Terms of Service 27.5.2026

These terms of service ("Agreement" or "Terms") govern the use of the financial management SaaS service ("Service") offered by NoCFO Oy ("NoCFO, 3149769-7"). By using the Service, the Customer agrees to comply with these terms and to act in accordance with the law and good practice. The Terms are accepted by logging into the Service.

1. Scope of Application

This Agreement applies to the delivery of the Service to the Customer. The Agreement enters into force when the Customer takes the Service into use. The Agreement applies to all features and use of the Service, unless otherwise agreed in writing between the parties.

2. Definitions

Customer: The person or organization using the Service. Service: The bookkeeping and financial management SaaS service developed and maintained by NoCFO. Company Account: The Customer's account established when taking the Service into use. User: A person authorized by the Customer who uses the Service. Parties: NoCFO and the Customer. DPA: The Data Processing Agreement annex concerning the processing of personal data.

3. NoCFO's Rights and Obligations

NoCFO is responsible for producing the Service in accordance with these Terms and may use subcontractors if necessary. NoCFO has the right to change the content and features of the Service without separate notice, continuously develop the Service, and make technical or functional changes to it. Interruptions or changes in the Service may occur due to development work or maintenance. NoCFO is not liable for damages caused to the Customer, but aims to notify of significant service outages in advance whenever possible.

NoCFO may limit or block the Customer's access to the Service if the Customer compromises the operation, security, technical reliability, lawful use, or development of the Service, or if the Customer neglects their material contractual obligations, such as making payments, or if the Customer intentionally or unintentionally compromises the operation, security, or development of the Service.

In connection with the use of the Service, NoCFO Oy's experts may provide guidance regarding the use of the Service and financial management. The Customer is responsible for what they do within or outside the Service based on the guidance. NoCFO Oy is not responsible for the accuracy of the guidance or advice.

NoCFO has the right to process data stored in the Service, such as receipts, supporting documents, invoices, bank statement data, bank transactions, customer registry data, and other financial data, to analyze, develop, automate, and improve the quality of the Service.

This processing is based on the Agreement, NoCFO's legitimate interest in developing and maintaining the Service, and the DPA annex, which is followed in all personal data processing taking place on behalf of the customer.

NoCFO can terminate the provision of the Service by notifying the Customer at least three (3) months before the termination of the Service.

4. Customer's Rights and Obligations

The Customer has the right to use the Service in accordance with these Terms. The Customer must familiarize themselves with the Terms before taking the Service into use and ensure that the use takes place in accordance with the law and good practice.

The Customer is responsible for:

With regard to personal data stored in the Service, the Customer acts as the data controller and NoCFO as the data processor. This processing is governed by the DPA annex of the Agreement. The Customer is responsible for ensuring that the material stored in the Service does not violate third-party rights or the legislation in force at any given time.

The Customer is responsible for notifying NoCFO of any errors they detect in the Service.

In the Service, the Customer can use third-party services integrated or offered by NoCFO, such as payment mediation services, e-invoicing services, or other external interfaces. When using such services, the Customer accepts the terms of use of the third parties providing them in force at any given time and is responsible for complying with them. NoCFO is not responsible for the content, functionality, or availability of third-party services.

5. Service Pricing and Payment Terms

The current prices and payment methods are visible on NoCFO's website.

NoCFO can change the price list of service packages by notifying of the changes in advance. The prices of transaction-based products and services, such as e-invoices and payroll, can change regardless of the service package or billing cycle chosen by the customer. Up-to-date prices are always visible on NoCFO's website.

Fees are charged in advance or in arrears according to the selected service level.

The minimum monthly billing is 10 euros. Invoices smaller than this are billed quarterly.

The value-added tax in force at any given time will be added to the price of the Service. Penalty interest is determined in accordance with the Interest Act. When paying by invoice, the term of payment is fourteen (14) days from the date of the invoice.

NoCFO does not grant refunds for partial billing cycles, unused service time, or retroactive cancellations of the service, unless otherwise required by mandatory legislation.

Third-party service providers may be used for payment mediation.

6. Intellectual Property Rights

Intellectual property rights related to the Service and all materials, software, user interface, databases, models, documentation, and other content related to it belong exclusively to NoCFO or its licensors. No rights to the Service or its content are transferred to the Customer, except for the limited right of use in accordance with these terms.

The Customer has no right to copy, modify, reproduce, sell, rent, sub-license, transfer, publish, translate, disassemble, decompile, or otherwise attempt to discover the source code of the Service, unless otherwise required by mandatory legislation.

7. Confidentiality

Confidential information means all information marked as confidential or which, based on the circumstances, can be understood to be confidential. Such information may include, but is not limited to, information related to software, products, services, technology, or the Customer, and other information that must reasonably be considered proprietary, confidential, or sensitive.

Each Party shall keep confidential the confidential information received in connection with the Agreement and shall not disclose it to third parties or use it for any purpose other than in accordance with the Agreement without the written consent of the other Party.

The Parties shall ensure that their employees and representatives comply with the confidentiality obligation set out in this section.

Unless otherwise agreed in the Agreement, all confidential information and documents containing it remain the property of their original owner.

However, confidential information does not include information that was in the possession of the recipient prior to the acceptance of the Agreement, is publicly available, or has been obtained from a third party without a confidentiality obligation.

This confidentiality obligation does not limit NoCFO's right to process data stored by the Customer in the Service to the extent permitted by the Agreement and its annex on personal data processing (DPA) to produce, maintain, analyze, develop, and automate the Service.

8. Indemnification and Limitation of Liability

NoCFO is not liable for damages resulting from the services of external service providers or the Customer's own actions. The Service is provided "as is". NoCFO is not liable for indirect damages caused by the use of the Service, such as lost profit, incorrect information, or loss of data, unless otherwise required by mandatory legislation.

NoCFO's maximum liability is limited to three (3) months of net service fees paid by the Customer.

9. Validity and Termination of the Agreement

The Agreement is valid until further notice. The notice period is one (1) month, and the Service will be billed until the end of the notice period.

In these terms, termination of the Agreement refers to a situation where the Customer deletes their company account and users from the Service. The mere termination of a paid subscription does not terminate the Agreement if the Customer continues to use the free version of the Service.

When a company account is deleted, the material stored by the Customer in the Service is deleted immediately. The Customer is responsible for backing up and retaining the necessary data before deleting the company account. NoCFO is not responsible for the loss of data after the company account has been deleted.

The Customer is responsible for fulfilling their retention obligations in accordance with the Bookkeeping Act. Bookkeeping material must be retained for the period required by law (receipts for at least 6 years, financial statements for at least 10 years) also after the termination of the Service. NoCFO recommends that the customer ensure the material is saved before deleting the company account.

10. Law and Disputes

The Agreement is governed by Finnish law. Any disputes will be resolved in a competent court in Finland.

11. Force Majeure

Force majeure means a circumstance or event that prevents or materially complicates the fulfillment of obligations under the Agreement, and which is beyond the control of the Party, which the Party could not have reasonably foreseen, and the consequences of which could not have been avoided or prevented. These may include, for example, war, natural disaster, fire, pandemic, extensive network, telecommunications or power outage, government order, or other similar exceptional event.

If NoCFO is prevented from fulfilling its obligations under the Agreement due to force majeure, NoCFO is released from liability to that extent and for as long as the obstacle prevents it. NoCFO will notify the Customer of the force majeure and its estimated duration as soon as reasonably possible.

When the force majeure ceases, the obligations under the Agreement continue normally. If the force majeure continues for more than three (3) months, the Customer has the right to terminate the Agreement in writing with immediate effect.

12. Processing of Personal Data and Data Protection

Each party shall comply with applicable data protection legislation. NoCFO acts as a data controller for its own customer and user data in accordance with its own privacy policy, which is available on NoCFO's website.

The Customer acts as a data controller for the personal data it stores in the Service, and NoCFO acts as a processor of this data. This processing is governed by the annex to the Agreement on the processing of personal data (DPA), which defines the rights and obligations of the parties in the processing of personal data.

NoCFO has the right to process personal data stored by the Customer in the Service in accordance with the Agreement and the DPA annex to produce, maintain, analyze, develop, and automate the Service. NoCFO does not process personal data for marketing purposes without the express consent of the data subject.

13. Modification of the Agreement

NoCFO can modify these terms by notifying of the changes in the Service or on its website. Continued use after the changes have entered into force constitutes acceptance of them. If the Customer does not accept the change to the agreement, the parties have the right to terminate the Agreement.

14. Time Limit for Presenting Claims

Claims based on the Agreement must be presented within six (6) months from the ground of the claim.

15. Transfer of the Agreement

The Customer may not transfer the Agreement without NoCFO's written consent. NoCFO may transfer the Agreement to a third party.

16. AI Assistant (Luca)

The Service includes an AI-based assistant ("Luca"), through which the User can search for information about their own company, discuss matters related to information stored in the service, request the assistant to perform actions in the Service, and ask general questions related to bookkeeping and taxation.

Luca is available as a text-based chat feature and as a voice-based feature.

The AI assistant can make mistakes. The User is responsible for how they utilize the information or advice generated by Luca. The User is obliged to check the accuracy of the actions performed by Luca in the Service before utilizing them.

NoCFO is not liable for damages caused by incorrect information generated by Luca or incorrect actions performed by Luca.

Annex 1: Data Processing Agreement (DPA)

This annex is part of the General Terms of Service of the NoCFO service and supplements the Agreement in the processing of personal data between the Customer (data controller) and NoCFO Oy (data processor). The processing is based on the Agreement between the Customer and NoCFO.

1. Object and Nature of Personal Data Processing

NoCFO processes personal data on behalf of the Customer to produce, maintain, develop, analyze, and automate the Service. The processing includes the technical processing of financial management documents and data stored in the Service.

2. Processed Personal Data

Data processed on behalf of the Customer may include, for example, customer and employee data contained in the bookkeeping material.

The Customer is responsible for ensuring that the data has been collected lawfully and that the Customer has the right to transfer it to NoCFO for processing.

3. Processor's Obligations

NoCFO undertakes to process personal data only in accordance with the Agreement and the Customer's instructions.

NoCFO ensures that personal data is only processed by persons who are bound by a statutory or contract-based confidentiality obligation.

NoCFO does not allow authorities access to the data without a lawful order (such as a court decision).

NoCFO will notify the Customer of data breaches without delay so that the Customer can fulfill their statutory notification obligations.

Upon request, NoCFO will provide the Customer with reasonable information or certificates regarding the security of the Service so that the Customer can assess NoCFO's compliance with the obligations in this annex. However, the Customer has no right to perform their own physical audit or inspection of NoCFO's premises or systems without NoCFO's prior written permission.

4. Processing for Service Development

NoCFO has the right to process the Customer's material — including receipts, supporting documents, bank statements, bank transactions, and other financial data — to analyze, develop, automate, and improve the quality of the Service.

Development processing may include, for example, training and testing AI models to improve bookkeeping automation.

Processing does not include using personal data for marketing or disclosing data to third parties for purposes other than what is necessary to implement the Service.

5. Subcontractors and Transfer of Data

NoCFO may use subcontractors to process personal data in accordance with this annex. NoCFO maintains an up-to-date list of its subcontractors, which is available upon the customer's request.

Subcontractors operate under the control of NoCFO and only in accordance with this annex. Personal data may be transferred outside the EU/EEA only if it is necessary for the implementation of the Service and the transfers meet the requirements of the applicable data protection legislation.

6. Data Controller's Obligations

The Customer is responsible for ensuring that its instructions regarding the processing of personal data are lawful and that it has the right to store the personal data to be processed in the Service.

The Customer accepts that NoCFO acts as a personal data processor in accordance with the Agreement and this annex.

7. Information Security

NoCFO implements appropriate technical and organizational measures to protect personal data. Security is regularly assessed and updated.

8. Deletion or Return of Personal Data

The Customer's material is deleted immediately when the Customer deletes their company account and users from the Service. The Customer is responsible for backing up and retaining the necessary data before deleting the company account.

The Customer is responsible for fulfilling their retention obligations under the Bookkeeping Act also after the termination of the Service. NoCFO recommends that the customer ensure the material is saved before deleting the company account.

The annex supplements the Agreement and is valid for as long as the Agreement is valid.

9. AI Assistant Data Processing

The AI assistant (Luca) included in the Service processes data stored by the Customer in the Service to enable the assistant's functionality. The processed data may include financial management documents, transactions, customer registry data, and other data stored by the Customer in the Service. In addition, Luca processes messages and voice commands sent by the User to the assistant to implement the assistant's functionality.

The data is stored within the EU/EEA. Data processing may take place outside the EU/EEA in accordance with the requirements of the applicable data protection legislation.

In its operations, Luca utilizes a third-party AI service that acts as NoCFO's subcontractor in accordance with section 5. The AI service provider does not use the data it processes for its own purposes, such as model training.

Annex 2: Payment Functionality and Third-Party Payment Services

This annex only applies to the payment functionality offered in the NoCFO service, where the Customer can initiate payment transactions through licensed payment services provided by third parties. This annex supplements NoCFO's general terms of use and takes precedence in so far as it relates to the payment functionality.

1. Nature of the Payment Functionality

NoCFO provides the Customer with a technical software solution through which the Customer can initiate the execution of payments via licensed payment services provided by third parties. NoCFO is not a payment service provider, a payment institution, nor an obliged entity under the Anti-Money Laundering Act (444/2017), and NoCFO does not process, store, or receive funds belonging to the Customer or third parties.

NoCFO acts solely as a technical user interface and an enabler for initiating payment transactions, and NoCFO is not a party to the payment transaction between the Customer and the payee.

2. Third Parties and Execution of Payments

Payments are executed based on the contractual relationship between the Customer and their bank or other licensed payment service provider. NoCFO is not responsible for the execution, delay, interruption, or failure of payments, nor for the operations of banks, payment service providers, or other third parties. The Customer is obliged to check the final status of the payment from their own bank.

2.1 Salt Edge Payment Initiation Service

The payment initiation service can be implemented in cooperation with Salt Edge Limited and its licensed payment institution partner. Salt Edge and its partner are responsible for the technical implementation of the payment initiation and the provision of the payment service. NoCFO is not responsible for the operations of Salt Edge, the payment institution partner, or banks, nor for the availability of their services.

2.2 Holvi Integration

NoCFO can also offer the Customer the possibility to initiate payments from a Holvi account provided by Holvi Payment Services Oy through a separate integration. Payments related to the Holvi account are executed based on the contractual relationship between Holvi and the owner of the Holvi account, and NoCFO is not a party to the contractual relationship or the payment transaction in question.

In connection with the Holvi integration, NoCFO acts solely as a technical service provider that forwards payment orders given by the Holvi account owner or a user authorized by them to Holvi. All payments initiated from the Holvi account through NoCFO are considered to have been initiated by the Holvi account owner themselves. The Holvi account owner can grant other users the right to initiate payments from the Holvi account.

The Holvi account owner is solely and fully responsible for granting user rights, their scope, validity, as well as all payments and other actions performed based on the user rights. NoCFO is not responsible for granting, monitoring, revoking user rights, nor for payments made based on them.

3. Payment Information, Consent, and Irrevocability

The Customer is responsible for all payment information they enter, its accuracy, and that the payment transaction is lawful and the Customer has the right to execute the payment in question.

The payment transaction is initiated only after the Customer has expressly given their consent to execute the payment and accepted the third-party terms of service and privacy policy (Salt Edge) regarding the payment initiation service.

A payment order cannot be canceled or modified through NoCFO after the Customer has approved the payment. NoCFO does not handle payment refunds, and any refunds must be handled between the Customer and the bank or payee.

4. AML and Compliance

The Customer is responsible for the legality of their own operations, including compliance with obligations regarding the prevention of money laundering and terrorist financing to the extent that they apply to the Customer. NoCFO does not perform customer identification or transaction monitoring on behalf of the Customer, nor does it make money laundering declarations.

NoCFO reserves the right to suspend the payment functionality if it has justified reason to suspect abuse, unlawful activity, or if a third-party payment service provider so requires.

5. Limitation of Liability

NoCFO is not liable for indirect or consequential damages, such as loss of revenue, profit, or business opportunities.

NoCFO's total liability to the Customer in claims related to the payment functionality is limited to a maximum of the service fees paid by the Customer to NoCFO for the three (3) months preceding the claim, unless otherwise required by mandatory legislation.

6. Suspension of the Service

NoCFO has the right to suspend the payment functionality partially or completely without liability for compensation if a third party related to the payment functionality is prevented, regulation changes, an information security or abuse risk arises, or if continuing the service is not reasonably possible.