Terms of Service

1. Eligibility and Account Registration

1.1 Eligibility. You must be at least eighteen (18) years of age, or the legal age of majority in your jurisdiction, to create an account, connect financial accounts, or use our Services.

1.2 Account Security. You are responsible for maintaining the confidentiality of your login credentials and are fully responsible for all activities that occur under your account. You agree to notify us immediately of any unauthorized use or security breach.

1.3 Accuracy of Information. You agree to provide true, accurate, current, and complete information during registration and to promptly update your account profile as information changes.

2. SMS Telecommunications & Automated Notifications (A2P 10DLC)

2.1 Program Description. Parakith LLC operates Application-to-Person (A2P) messaging services (including notifications branded under Parakith Alerts and PanoramaDrive Home Automation Alerts). These messaging services are utilized strictly to transmit automated operational notices, security verifications, account authentications, and critical facility monitoring alerts to users who have provided explicit opt-in consent.

2.2 Message Frequency. Message frequency varies based on automated events, system triggers, and individual user alert preferences.

2.3 Pricing. Message and data rates may apply. Check with your mobile service provider for details on your plan's text messaging rates.

2.4 Opt-Out (STOP). You can cancel the SMS service at any time. Simply text STOP (or CANCEL, END, QUIT, or UNSUBSCRIBE) to the shortcode or ten-digit telephone number sending the messages. Upon receiving your opt-out keyword, we will transmit a single confirmation SMS verifying that you have been unsubscribed, and you will no longer receive text alerts. To rejoin, text START or UNSTOP, or complete the web-based opt-in form at parakith.com/opt-in.

2.5 Customer Support (HELP). If you experience issues with the messaging program or need assistance, reply with the keyword HELP or INFO to the messaging number, or contact us directly at [email protected].

2.6 Carrier Liability Disclaimer. Mobile wireless carriers (including AT&T, T-Mobile, Verizon, and regional carriers) are not liable for delayed or undelivered messages.

2.7 SMS Privacy & Non-Sharing. Mobile phone numbers, opt-in records, and messaging consent data are governed by our Privacy Policy and are never sold, rented, or shared with third parties or affiliates for marketing or promotional purposes.

3. Personal Financial Management & Plaid Aggregation

3.1 Financial Service Scope. Parakith LLC provides private, secure personal financial management, expense analytics, and ledger reconciliation modules (including the PanoramaDr financial suite) restricted to authorized users.

3.2 Third-Party Account Aggregation (Plaid Inc.). To securely retrieve and synchronize bank account balances and historical transactions, the Services utilize Plaid Inc. (“Plaid”). By linking a participating financial institution account through our Services, you authorize Parakith LLC and Plaid to access and process your financial data on your behalf, and you agree to be bound by the Plaid End User Privacy Policy.

3.3 Read-Only Scope. All connected banking integrations operate on a strictly read-only basis utilizing the transactions and balance API scopes. The Services cannot initiate funds transfers, execute payments, withdraw money, or alter settings or credentials at your financial institution.

3.4 No Professional Financial or Tax Advice. All financial dashboards, automated categorizations, and ledger summaries are provided solely for personal informational and household budgeting purposes and do not constitute commercial financial, investment, tax, or legal advice.

3.5 User Authentication & Disconnection. Users are responsible for maintaining the confidentiality of their banking credentials during the secure OAuth authentication flow. You may disconnect your financial institution and revoke access at any time: (a) within the application dashboard; (b) via the Plaid Portal; (c) by requesting token deletion from [email protected]; or (d) directly through your participating financial institution's connected-apps security portal.

4. Permitted Use and Restrictions

4.1 License Grant. Subject to your compliance with these Terms, Parakith grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Services.

4.2 Prohibited Activities. You agree that you shall NOT:

• Use the Services for any unlawful, harassing, fraudulent, abusive, or malicious purpose;
• Attempt to decompile, reverse engineer, disassemble, or derive source code from any software or service;
• Scrape, crawl, spider, or systematically harvest data from the Services using automated scripts without express written consent;
• Bypass, probe, breach, or disable any security, rate-limiting, or authentication controls;
• Transmit or introduce any malware, viruses, trojans, worms, or destructive code;
• Interfere with or disrupt the operation of the Services or networks connected thereto.

5. User Content and Intellectual Property

5.1 User Content. You retain all ownership rights in any information, messages, text, images, or media that you post, upload, or transmit through the Services (“User Content”).

5.2 Parakith IP. The Services, including all software, designs, trademarks, and logos (collectively, “Parakith Property”), are owned by or licensed to Parakith LLC and are protected by United States and international intellectual property laws.

5.3 Reservation of Rights. Except for the limited licenses expressly granted herein, no rights, titles, or interests in or to any Parakith Property are conveyed to you.

6. Disclaimer of Warranties

THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PARAKITH DISCLAIMS ALL WARRANTIES, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, QUIET ENJOYMENT, AND NON-INFRINGEMENT. PARAKITH DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, ACCURATE, OR ERROR-FREE.

7. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW:

7.1 Consequential Damages. IN NO EVENT SHALL PARAKITH LLC, ITS MANAGERS, MEMBERS, OFFICERS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, LOSS OF REVENUE, LOSS OF DATA, SYSTEM DOWNTIME, OR GOODWILL, ARISING FROM YOUR USE OF OR INABILITY TO USE THE SERVICES.

7.2 Liability Cap. PARAKITH'S TOTAL CUMULATIVE LIABILITY TO YOU FOR ANY AND ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES SHALL NOT EXCEED THE GREATER OF: (A) THE TOTAL AMOUNT ACTUALLY PAID BY YOU TO PARAKITH DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM; OR (B) ONE HUNDRED UNITED STATES DOLLARS ($100.00 USD).

8. Indemnification

You agree to defend, indemnify, and hold harmless Parakith LLC, its officers, directors, members, employees, and contractors from and against any third-party claims, liabilities, damages, losses, and reasonable expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of the Services; (b) your User Content; (c) your breach of these Terms; or (d) your violation of applicable laws or third-party rights.

9. Governing Law and Dispute Resolution

9.1 Governing Law. These Terms and any dispute arising out of or related to them shall be governed by and construed in accordance with the applicable laws of the United States, without giving effect to conflict of laws rules.

9.2 Venue. Any legal suit, action, or proceeding arising out of or related to these Terms shall be instituted in the competent courts of jurisdiction within the United States.

9.3 Waiver of Jury Trial. Each Party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to these Terms.

10. General Terms & Contact

10.1 Modifications. We may update these Terms periodically. We will provide notice of material changes by updating the “Last Updated” date at the top of these Terms. Continued use of the Services following revisions indicates your acceptance.

10.2 Severability. If any provision of these Terms is deemed unlawful or unenforceable, that provision will be severable and will not affect the validity of remaining provisions.