Terms of Service — Corebit Systems

1. Acceptance of Terms

These Terms of Service constitute a legally binding agreement between you and VIP TRANSFERS LTD, operating under the brand “Corebit Systems”. By accessing, browsing, or using the website or any services, you expressly acknowledge that you have read, understood, and agree to be legally bound by these Terms. If you do not agree, you must discontinue use of the website and services immediately.

2. Company Information

The website and services are operated by VIP TRANSFERS LTD, a company registered in the Republic of Bulgaria, operating under the brand “Corebit Systems”. Registered address: ж.к. Лазур, ул. „Константин Величков“ 59, 8001 Burgas, Bulgaria. Company registration number (EIK/BULSTAT): 208372442. Legal notices may be sent to [email protected].

3. Services

Corebit Systems provides digital and technology-related services, including but not limited to web development, mobile and web applications, software engineering, integrations, automation, UI/UX design, consulting, maintenance, and technical support. Services are provided on a best-effort basis unless otherwise agreed in writing.

4. Definitions

• “Services” means all digital, consulting, and development services provided under the Corebit Systems brand.
• “Deliverables” means work products specifically created for a Client under a paid engagement.
• “Personal Data” has the meaning given in Regulation (EU) 2016/679 (GDPR).
• “Consumer” means a natural person acting outside their trade, business, or profession.
• “Business Day” means Monday to Friday, excluding public holidays in the Republic of Bulgaria.

5. User Responsibilities and Acceptable Use

• Provide accurate, lawful, and up-to-date information
• Comply with all applicable laws and regulations
• Not misuse, disrupt, or attempt unauthorized access to the website or services
• Not use the services for illegal, infringing, or harmful activities
• Ensure that any materials or data provided do not infringe third-party rights
• Comply with applicable export control and sanctions regulations

6. Intellectual Property

All website content, trademarks, designs, documentation, and pre-existing materials are the property of VIP TRANSFERS LTD or its licensors. Unless expressly agreed otherwise in writing, Clients receive a non-exclusive, non-transferable, non-sublicensable, perpetual license to use Deliverables for internal business purposes only. Transfer of exclusive ownership, source code, or broader rights requires a separate written agreement and may be subject to additional fees.

7. Fees and Payments

Invoices are payable within fourteen (14) days from the invoice date, unless otherwise agreed in writing. Overdue amounts may accrue statutory interest at the rate applicable under Bulgarian law. The Company may suspend services after reasonable notice in the event of non-payment. All fees are exclusive of VAT and other applicable taxes.

8. Limitation of Liability

To the maximum extent permitted by law, VIP TRANSFERS LTD shall not be liable for any indirect, incidental, consequential, special, or punitive damages, including loss of profits, data, or business opportunities. Total aggregate liability shall not exceed the amount paid for the relevant services during the six (6) months preceding the claim, or EUR 100 if no fees were paid, except in cases of willful misconduct or gross negligence.

9. Suspension and Termination

We may suspend or terminate access to the services for violation of these Terms or applicable law. Upon termination, Client data may be retained for up to thirty (30) days to allow export upon request, after which it may be deleted unless retention is required by law.

10. Force Majeure

Neither party shall be liable for failure or delay in performance due to events beyond reasonable control, including natural disasters, war, governmental actions, internet outages, or cyberattacks. The affected party shall take reasonable steps to mitigate the effects of such events.

11. Privacy and Data Protection

Personal Data is processed in accordance with our Privacy Policy and applicable data protection laws, including GDPR. Where we act as a data processor, processing is governed by a separate Data Processing Agreement (DPA) available upon request. In the event of a Personal Data breach, we will notify affected clients without undue delay and, where feasible, within seventy-two (72) hours of becoming aware of the breach.

12. Regulatory Compliance

We comply with applicable European Union regulations, including the Digital Services Act (DSA) and the Data Act, where applicable. Where required, mechanisms for reporting illegal content and exercising data access or portability rights are provided.

13. Accessibility

We comply with applicable accessibility requirements, including the Bulgarian Accessibility Requirements for Products and Services Act implementing EU Directive (EU) 2019/882, and aim to follow recognized accessibility standards such as WCAG.

14. Consumer Rights

If you are a Consumer under Bulgarian or EU law, you may have the right to withdraw from distance contracts within fourteen (14) days, unless the services have begun with your prior express consent and acknowledgment that you will lose this right upon full performance. Mandatory consumer protection provisions prevail over conflicting terms.

15. Governing Law and Jurisdiction

These Terms are governed by the laws of the Republic of Bulgaria. For business clients, disputes shall be subject to the exclusive jurisdiction of the competent courts of Burgas, Bulgaria. For Consumers residing in the EU, mandatory consumer protection rules and forum rights under EU law apply.

16. Changes to These Terms

We may update these Terms from time to time. Updated versions will be published on this page. Continued use of the website or services after publication constitutes acceptance of the updated Terms.

17. General Provisions

These Terms constitute the entire agreement regarding use of the website and services. If any provision is held invalid, the remaining provisions remain in effect. Failure to enforce any right shall not constitute a waiver.