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Terms of Services

iLease Management LLC
End User License Agreement for iLeasePro

IMPORTANT — READ CAREFULLY BEFORE USING THIS SOFTWARE. This license agreement (“License Agreement” or “License”) is a legal agreement between you (either an individual or an entity, identified as “Customer”, “You” or “Your”) and iLease Management LLC (dba iLeasePro, identified as “iLease”, “We”, “Us” or “Our”) and its suppliers and licensors governing your use of iLeasePro software and any successor or replacement products. The Software may include Beta, trial, pre-release, free, and pay versions of the Software. BY ACCEPTING THIS AGREEMENT, EITHER BY INDICATING YOUR ACCEPTANCE, BY EXECUTING AN ORDER FORM THAT REFERENCES THIS AGREEMENT, OR BY UTILIZING THE SERVICES (DEFINED BELOW) YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS OF THIS LICENSE AGREEMENT. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS OF THIS LICENSE AGREEMENT, DO NOT SIGNIFY YOUR AGREEMENT AND DO NOT USE THE SOFTWARE. SOME WORDS IN THESE TERMS AND CONDITIONS ARE CAPITALIZED WHEN GRAMMATICAL RULES WOULD NOT REQUIRE. THESE WORDS HAVE, IN THEIR SINGULAR AND PLURAL FORMS, THE MEANINGS GIVEN TO THEM IN THE SECTION IN WHICH THEY FIRST APPEAR. THE CONTROLLING VERSION OF THESE TERMS AND CONDITIONS IS THIS ENGLISH LANGUAGE VERSION REGARDLESS OF ANY TRANSLATION.

Disclaimer: iLease Management LLC may act in project advisory role at times only. iLease Management LLC may provide limited guidance and education on the new standard (upon request) in understanding ASC 842’s effective date, transition methods, transition practical expedients and ongoing policy elections, and how they are applied to the initial measurement for leases transitioned to ASC 842. iLease Management LLC is not responsible for validation of completeness or accuracy of Client’s data, neither does the iLease Management LLC take responsibility for any accounting decisions, made by the Client. It is Client’s responsibility to ensure that its financials are accurate and complete, and compliant with prescribed accounting standards. Refer to the iLeasePro ASC 842 Lease Accounting Assumptions and Inputs to fully understand the assumptions, capabilities and restrictions of iLeasePro regarding the ASC 842 compliance standards prior to use.