Terms of Service

1. Acceptance of Terms

By accessing or using DebtSync ("the Service"), hosted at https://debt-sync.satya-nayak.dev, you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use the Service.

3. User Accounts & Registration

To create an account and record agreements, you must provide a valid email address and (where required for authentication) a mobile phone number. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.

4. Peer Agreements & Mutual Consensus

Agreements recorded on DebtSync are bilateral or multilateral mutual records between users:

• When a transaction is proposed, it remains in a Pending state until the designated counterparty reviews and accepts the terms.
• The creator of a pending agreement may edit terms or take back (cancel) the proposal prior to counterparty acceptance.
• Recorded repayments require lender verification. If a repayment receipt is contested, the platform flags it as Disputed to ensure mutual record accuracy.

5. Interest Calculation Engine & APR Accuracy

DebtSync provides mathematical calculations for Simple and Daily Compounding APR interest. These calculations are provided solely as mathematical estimations for mutual convenience.

Users are solely responsible for ensuring that any peer loan agreements, interest charges, or repayment schedules comply with all applicable local, state, and national laws, including statutory interest rate ceilings (usury laws) and personal lending regulations.

6. Acceptable Use Policy

You agree not to misuse DebtSync. Specifically, you may not:

• Abuse or spam notification mechanisms (email, push, or messaging) to harass any individual. Lender reminders are strictly capped by platform quotas.
• Create fraudulent agreements, impersonate another individual, or record debts without the counterparty's mutual awareness.
• Attempt to circumvent security measures, rate limits, Row-Level Security (RLS) policies, or authentication protocols.
• Use the platform for any illegal purpose, money laundering, extortion, or fraudulent scheme.

7. Dual Link Sharing Terms

When using the sharing features, you acknowledge that:

• Participants-Only Links: Are restricted to verified participants. Attempting to share your personal session tokens is prohibited.
• Global Public Links: When enabled, anyone possessing the unique cryptographic link can view the transaction amounts and repayment receipts. While sensitive personal data is masked, you should only share public links with trusted parties. Either participant can revoke the public link at any time.

8. Open Source License (MIT) & Intellectual Property

The DebtSync codebase is open-source software licensed under the MIT License. You are free to inspect, audit, and fork the code in accordance with the terms of the MIT license.

9. Disclaimer of Warranties & Limitation of Liability

THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, DEBTSYNC AND ITS MAINTAINERS DISCLAIM ALL WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

IN NO EVENT SHALL DEBTSYNC, ITS MAINTAINERS, CONTRIBUTORS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR FUNDS RESULTING FROM YOUR USE OF OR INABILITY TO USE THE SERVICE.

10. Termination

You may terminate your account at any time by requesting deletion via [email protected]. We reserve the right to suspend or terminate accounts that violate this Acceptable Use Policy or engage in abusive behavior.