Version: 1.0 · Effective Date: 10 May 2026
This License Agreement (the “Agreement”) is a binding legal contract between Dmitry Perelygin, an Italian sole trader (ditta individuale) operating under partita IVA 04180740047, codice fiscale PRLDTR75S12Z154H, with registered place of business at Corso Alcide De Gasperi 53, 12100 Cuneo (CN), Italy (“Licensor”, “we”, “us”, or “our”), and the natural or legal person identified as the purchaser at checkout (“Licensee”, “you”, or “your”).
By completing the purchase, ticking the agreement checkbox at checkout, downloading, or otherwise accessing the Licensed Product, You agree to be bound by this Agreement, the Disclaimer, and the Terms of Sale, all of which together govern Your access to and use of the Licensed Product.
The version of this Agreement applicable to Licensee is the version published by Licensor at the time Licensee completed checkout, a copy of which is delivered to Licensee in the order confirmation email and is retained by Licensor in its records.
1. Definitions
In this Agreement, the following capitalised terms have the meanings given below:
“Licensed Product” means collectively: (a) the master spreadsheet workbook AI_SaaS_Financial_Model_Template, in all formats and versions delivered or made available to Licensee, including all sheets, formulas, named ranges, scenario engine, structure, layout, instructions, and embedded notes; (b) the populated demonstration workbook AI_SaaS_Financial_Model_DEMO, providing a worked example of a completed model; (c) the AI SaaS Financial Model User Manual; (d) the AI SaaS Financial Glossary; (e) the AI SaaS Benchmark Sources workbook; and (f) all Updates released within the same major version (v1.x), excluding any separately licensable add-ons, advanced editions, or services explicitly designated by Licensor as outside this licence.
“Licensee Entity” means a single legal entity, sole proprietorship, or unincorporated startup operated by Licensee, for the benefit of which the Licensed Product is used. The Licensee Entity shall be identified by Licensee at the time of purchase via the entity-identification field at checkout, or, where such field is not available or not completed at checkout, in writing to Licensor at aisaas@perelygin.expert within fourteen (14) days after the date of purchase. In the absence of timely identification, the Licensee Entity shall be deemed to be the natural or legal person identified by the email address used at checkout.
“Authorized Users” means founders, directors, officers, full-time employees, and contractors engaged exclusively for the benefit of the Licensee Entity.
“Internal Business Use” means use of the Licensed Product by Authorized Users solely for the internal business operations and planning of the Licensee Entity, including financial planning, scenario modelling, board reporting, and investor communication concerning the Licensee Entity.
“Investor Materials” means board decks, fundraising decks, investor updates, and similar materials concerning the Licensee Entity, in which Outputs derived from the Licensed Product may be incorporated as read-only content.
“Outputs” means numerical values, charts, scenarios, and other results generated by the Licensed Product when populated with assumptions provided by Authorized Users.
“Updates” means patches, error corrections, and minor releases issued by Licensor within the same major version (v1.x).
2. Grant of Licence
2.1 Subject to Licensee’s continuous compliance with this Agreement, Licensor grants Licensee a limited, non-exclusive, non-transferable, non-sublicensable, worldwide licence to use the Licensed Product (in the version delivered to Licensee, together with any Updates released by Licensor within the same major version) for an indefinite period, subject to termination as provided in this Agreement, and specifically to:
- (a) install and use the Licensed Product on devices controlled by Authorized Users;
- (b) modify the Licensed Product internally, including changing assumptions, adding sheets, and integrating with other tools, solely for the purpose of Internal Business Use; and
- (c) generate and distribute Outputs in Investor Materials concerning the Licensee Entity, in read-only form, provided that the master Licensed Product file (or any modified version of it) is not itself distributed.
2.2 The licence is granted for use within one Licensee Entity only. Use across multiple legal entities, including portfolio companies, subsidiaries, or affiliated companies, is not permitted under this licence and requires a separate licensing arrangement.
2.3 Business Use Representation. Licensee represents and warrants that the Licensed Product is acquired for business, internal commercial, or professional planning purposes within the Licensee Entity, and not solely for personal consumer use unrelated to any commercial undertaking. This representation does not waive, limit, or otherwise affect any mandatory consumer rights of Licensee under applicable law in Licensee’s country of habitual residence.
3. Permitted Uses
Licensee may:
- (a) use the Licensed Product within the Licensee Entity for Internal Business Use;
- (b) modify formulas, assumptions, and structure of the Licensed Product to fit the needs of the Licensee Entity;
- (c) export Outputs and incorporate them as read-only content in Investor Materials concerning the Licensee Entity;
- (d) install the Licensed Product on multiple devices used by Authorized Users for the benefit of the Licensee Entity; and
- (e) receive and install Updates released by Licensor within the same major version.
4. Prohibited Uses
Licensee shall NOT, directly or indirectly:
- (a) resell, redistribute, sublicense, lease, or rent the Licensed Product, in whole or in part, in original or modified form;
- (b) post, upload, or otherwise make available the Licensed Product, in whole or in part, on (i) any public or restricted-access platform, including but not limited to GitHub, GitLab, Notion public pages, public Google Drive links, or shared cloud storage; or (ii) any artificial intelligence chat, conversation, or content-generation service (including but not limited to ChatGPT, Claude, Gemini, or any successor or equivalent service) where uploaded content may be retained, made accessible to third parties, or used for model training;
- (c) upload the Licensed Product to any template marketplace, digital storefront, or content distribution platform under any name;
- (d) use the Licensed Product across multiple legal entities, including portfolio companies, subsidiaries, or affiliated companies;
- (e) deploy the Licensed Product across cohorts of an accelerator, incubator, venture studio, or similar programme;
- (f) use the Licensed Product for the benefit of any third party, including consulting clients, advisory clients, fractional engagements, or other service-provider engagements; for separate licensing options applicable to consultants and advisory firms, please contact aisaas@perelygin.expert;
- (g) create derivative works, clones, or substantially similar templates, including spreadsheets that replicate the tab structure, formula architecture, scenario engine, named ranges, or assumption framework of the Licensed Product, where such replication results from or follows access to the Licensed Product, and is intended for resale, redistribution, or use beyond the Licensee Entity;
- (h) remove, alter, or obscure any proprietary notices, footers, signatures, version tags, or watermarks contained in the Licensed Product;
- (i) reverse engineer, decompile, or attempt to extract any hidden buyer-specific identifiers, watermarks, or tracing markers, or circumvent any access controls;
- (j) use the Licensed Product in any manner that violates any applicable law or regulation; or
- (k) use the Licensed Product or any portion thereof as training data, fine-tuning data, retrieval-augmented generation (RAG) corpus, embedding source, or input for any machine-learning model, artificial intelligence system, or automated content-generation system, whether for internal use or for the benefit of any third party.
5. Intellectual Property
5.1 The Licensed Product is licensed, not sold. Licensor retains all right, title, and interest in and to the Licensed Product, including all copyrights, trade marks, trade secrets, and other intellectual property rights therein.
5.2 No licence, right, or interest in any Licensor trade mark, trade name, or service mark is granted by this Agreement.
5.3 Licensee retains all right, title, and interest in any data and assumptions independently created by Licensee using the Licensed Product, provided that any modifications that incorporate the Licensed Product remain subject to this Agreement.
6. Watermarking and Tracing Notice
6.1 The Licensed Product may contain visible or hidden buyer-specific identifiers, licence keys, watermarks, file metadata, or tracing markers tied to the purchase made by Licensee. Such markers serve as evidence of authorised distribution and are processed in accordance with Licensor’s Privacy Policy.
6.2 Any attempt to remove, alter, obscure, or circumvent such markers, or to share or distribute the Licensed Product to any party not authorised under this Agreement, constitutes a material breach of this Agreement.
7. Updates
7.1 During the same major version (v1.x), Licensor may, at its discretion, issue Updates to the Licensed Product. Such Updates are deemed part of the Licensed Product and subject to this Agreement.
7.2 Major releases (v2.x and beyond) are not included in this licence and may be offered separately by Licensor on terms then in effect. Licensor has no obligation to issue Updates, to maintain compatibility of the Licensed Product with future versions of operating systems, spreadsheet software, hardware, or third-party services released after the date of delivery, or to provide support for use of the Licensed Product in any environment other than that for which it was originally designed (as described in the Terms of Sale).
8. Termination
8.1 This Agreement terminates automatically upon any material breach by Licensee. Material breach includes, without limitation:
- (a) any violation of Section 4 (Prohibited Uses);
- (b) any violation of Section 6 (Watermarking and Tracing Notice);
- (c) any sharing or disclosure of access credentials, watermarks, licence keys, or buyer-specific identifiers to any party not authorised under this Agreement;
- (d) any use of the Licensed Product as input to or training data for any machine-learning or artificial intelligence system in violation of Section 4(k); or
- (e) any other failure to comply with this Agreement that is not cured within fourteen (14) days after written notice from Licensor specifying the breach.
8.2 Upon termination, Licensee shall (a) immediately cease all use of the Licensed Product, (b) destroy all copies in Licensee’s possession or control, including modified copies, and (c) certify in writing such destruction upon Licensor’s request.
8.3 Sections 4, 5, 6, 8, 9, 10, 11, 12, 13, and 14 survive termination.
8.4 Compliance Confirmation. Upon reasonable written notice and not more frequently than once per calendar year, Licensor may request from Licensee a written confirmation, signed by an Authorized User, identifying the Licensee Entity and confirming that use of the Licensed Product has been restricted to that Entity in accordance with this Agreement. Failure to provide such confirmation within thirty (30) days of receipt of the request constitutes a material breach for purposes of Section 8.1.
9. Remedies
9.1 Licensee acknowledges that breach of this Agreement may cause irreparable harm to Licensor for which monetary damages alone may be inadequate. Licensor is entitled to seek injunctive relief, in addition to any other remedies available at law or in equity, without the need to post a bond.
9.2 Licensor is entitled to recover damages, including statutory damages where available, profits attributable to the breach, and reasonable attorneys’ fees and costs of enforcement.
9.3 Without limiting other remedies, Licensor reserves the right to issue takedown notices under the U.S. Digital Millennium Copyright Act (DMCA) and equivalent foreign legislation, and to make complaints to platforms, hosts, search providers, marketplaces, and registrars, in response to unauthorised distribution of the Licensed Product.
10. No Professional Advice; No Guarantee of Outcomes; User Responsibility
10.1 Nature of the Licensed Product. The Licensed Product is a structured business planning and scenario-modelling tool. It is not, and shall not be construed as:
- (a) financial advice;
- (b) investment advice or any recommendation to buy, sell, or hold any security, asset, or financial product;
- (c) legal advice;
- (d) tax advice;
- (e) accounting advice;
- (f) securities, fundraising, or capital-raising advice;
- (g) valuation advice; or
- (h) any other form of regulated, professional, or fiduciary advice.
10.2 No Advisory Relationship. By providing or making available the Licensed Product, Licensor does not act as a financial adviser, investment adviser, broker, lawyer, accountant, tax adviser, securities professional, fiduciary, or any other regulated or professional adviser to Licensee or to any user of the Licensed Product. No fiduciary, advisory, professional-client, or other special relationship is created by this Agreement or by the use of the Licensed Product.
10.3 User Responsibility for Inputs and Assumptions. Outputs generated by the Licensed Product are illustrative and scenario-based and depend entirely on assumptions, inputs, market data, and business judgment supplied by Licensee or its Authorized Users. Different inputs will produce different Outputs. Licensee is solely responsible for the selection, accuracy, completeness, and reasonableness of all assumptions and inputs, and for any decision based, in whole or in part, on Outputs.
10.4 No Guarantee of Outcomes. Licensor makes no guarantee, representation, or warranty regarding:
- (a) successful fundraising, investor interest, term sheet, or closing of any financing round;
- (b) any particular valuation, pre-money or post-money;
- (c) future financial performance, revenue, growth, profitability, runway extension, or any other business outcome of any company;
- (d) the accuracy, completeness, or current applicability of any benchmark, comparable, market reference, or external data referenced in the Licensed Product; or
- (e) the suitability of the Licensed Product or any Output for any particular transaction, decision, counterparty, jurisdiction, or regulatory framework.
10.5 Independent Advice Required. Licensee shall consult qualified independent advisers licensed or authorised under applicable law to provide such advice in the relevant jurisdiction before relying on the Licensed Product or any Output for fundraising, securities, tax, accounting, legal, or investment decisions.
10.6 Benchmark and External References. Benchmark references and external data sources cited in or accompanying the Licensed Product are drawn from publicly available reports and similar sources as of the version date of the Licensed Product. Licensor makes no representation that any such source remains available, accurate, or current at the time of Licensee’s use, and Licensee shall verify any benchmark or external reference before relying on it for any decision.
11. Limitation of Liability
11.1 The Licensed Product is provided “AS IS” and “AS AVAILABLE”, without warranties of any kind, whether express or implied, except as required by mandatory applicable law.
11.2 To the maximum extent permitted by applicable law, Licensor’s total aggregate liability under this Agreement, regardless of the form of action, shall not exceed the amount actually paid by Licensee for the Licensed Product.
11.3 Licensor shall not be liable for any indirect, incidental, consequential, special, or punitive damages, including loss of profits, loss of business, loss of data, or loss of opportunity, even if Licensor has been advised of the possibility of such damages.
11.4 Nothing in this Section 11 limits Licensor’s liability for fraud, gross negligence, or wilful misconduct, or any liability that cannot be limited under applicable mandatory law.
12. Indemnification by Licensee
12.1 Licensee shall indemnify, defend, and hold harmless Licensor and its affiliates, agents, and representatives from and against any third-party claims, demands, actions, losses, damages, liabilities, settlements, judgments, and reasonable costs (including attorneys’ fees) arising out of or relating to:
- (a) Licensee’s use of the Licensed Product or any Outputs;
- (b) any Investor Materials, business decisions, statements, or representations made by Licensee or any Authorized User in reliance on the Licensed Product or any Outputs;
- (c) any breach by Licensee of this Agreement, the Disclaimer, or the Terms of Sale; or
- (d) any violation by Licensee of applicable law or the rights of any third party in connection with the use of the Licensed Product.
12.2 This indemnity does not apply to claims to the extent arising from Licensor’s own fraud, gross negligence, or wilful misconduct, or from any liability that cannot be subject to indemnity under applicable mandatory law.
13. Governing Law and Dispute Resolution
13.1 This Agreement is governed by the laws of Italy, without regard to conflict-of-law principles.
13.2 Any dispute arising out of or relating to this Agreement that cannot be resolved through good-faith negotiation shall be referred to and finally resolved by arbitration administered under the Rules of Arbitration of the Milan Chamber of Arbitration (CAM) by a sole arbitrator appointed in accordance with those rules. The seat of arbitration shall be Milan, Italy. The language of arbitration shall be English.
13.3 The parties waive any right to participate in a class action, collective arbitration, or other consolidated proceeding against Licensor.
13.4 Notwithstanding Section 13.2, Licensor may seek injunctive or equitable relief from any court of competent jurisdiction to protect its intellectual property rights.
13.5 Nothing in this Section 13 limits any mandatory consumer rights of Licensee in Licensee’s country of habitual residence to the extent required by applicable consumer protection law, including the right of a consumer to bring proceedings in the courts of his or her country of habitual residence.
14. General Provisions
14.1 Entire Agreement. This Agreement, together with the Disclaimer and the Terms of Sale, constitutes the entire agreement between the parties concerning the Licensed Product and supersedes all prior agreements and understandings.
14.2 Severability. If any provision of this Agreement is held unenforceable, the remaining provisions remain in full force and effect.
14.3 No Waiver. Failure to enforce any provision is not a waiver of future enforcement.
14.4 Assignment and Change of Control. Licensee may not assign or otherwise transfer this Agreement without Licensor’s prior written consent, except that Licensee may transfer this Agreement to a successor entity in connection with a bona fide merger, acquisition, or sale of substantially all of the assets of the Licensee Entity, provided that (a) Licensee gives Licensor at least thirty (30) days’ prior written notice and (b) the successor entity agrees in writing to be bound by this Agreement. Licensor may assign this Agreement without Licensee’s consent.
14.5 Notices. Notices to Licensor shall be sent to aisaas@perelygin.expert. Notices to Licensee shall be sent to the email address provided at checkout and shall be deemed delivered upon dispatch unless returned as undeliverable, in which case Licensor may attempt secondary contact via any other contact information provided by Licensee.
14.6 Force Majeure. Neither party is liable for delay or failure due to causes beyond its reasonable control.
14.7 Headings. Section headings are for convenience only and do not affect interpretation.
14.8 Language. This Agreement is drafted in English. Any translation is for convenience only; the English version controls.