Installment payment agreement terms and conditions

1. General terms and conclusion of agreement

1.1. The Uros Installment Payment Agreement (“Agreement”) is a fixed-term agreement that includes the Goodspeed device and the monthly service fee of the selected plan (“Goodspeed Service”). With this Agreement the Customer purchases the Goodspeed device on installment and the Goodspeed Service for a fixed-term from Uros Ltd and/or its affiliates (“Uros”). The Customer undertakes to pay the Goodspeed device in whole within the payment period offered by Uros.

1.2. An agreement between Uros and the Customer shall be deemed concluded once Uros has accepted the Customer’s order for the Goodspeed device and the service.

1.3. The use of the Goodspeed services with the Goodspeed device shall be subject to the “Terms of Service” and “Terms of Sale”, which both are incorporated by reference herein, and which can be found on Uros’s website goodspeed.io.

1.4. If any of these documents contradict each other, the terms will apply in the following order: 1. the terms of this Agreement, 2. the Terms of Sale, and 3. the Terms of Service.

Simplified:

These are our terms and rules for purchasing Goodspeed from our webshop with our fixed-term deal. By agreeing to these terms we have a mutual agreement on how things work.

2. Term of the agreement

2.1. This Agreement is a fixed-term agreement and is in force for 24 months from the date of purchase of the Goodspeed device (“Agreement Period”). After the Agreement Period, the Agreement will automatically continue to be in force for the time being unless the Customer terminates the Agreement at the latest two weeks before the end of the Agreement Period, or unless Uros terminates the Agreement at the latest one month before the end of the Agreement Period. If the Agreement is terminated by either the Customer or Uros, the Agreement will terminate on the end date of the Agreement Period.

2.2. After the initial Agreement Period and provided the Customer has paid for the Goodspeed device in full, the monthly payments shall consist of only the Goodspeed Service.

2.3. During the Agreement Period the Customer shall have the right to terminate the Agreement by giving Uros a two-week notice and by paying the remaining monthly payments for the Goodspeed device and the Goodspeed Service.

2.4. Uros shall have the right to cancel this Agreement and have all the remaining payments fall due in case the Customer has failed to pay the monthly payment and the payment is delayed at least one month, or in case the Customer materially breaches any provision of this Agreement. In such cases Uros will cancel the Agreement in writing.

Simplified:

This is a fixed-term agreement for 24 months. Typical cancellation terms apply; you are allowed to cancel the agreement by paying the remainder of the contract to us.

3. Ownership of the goodspeed device

3.1. The ownership will pass to the Customer once the Goodspeed device has been paid in full. The liability for risk of the Goodspeed device will pass to the Customer once the Goodspeed device is shipped to the Customer.

3.2. The Customer shall be liable for all payments of the Goodspeed device even though he/she has given the Goodspeed device to another person for use.

3.3. Even if the Goodspeed device is stolen, disappears, or breaks, the Customer shall be liable to pay Uros the agreed monthly payments.

3.4. The Customer shall solely be liable for information security and to protect the Goodspeed device.

Simplified:

Once you have paid the device in full, it's yours. During the contract period you are responsible for the device.

4. Price of the Goodspeed device, monthly payments and payment terms

4.1. The price stated in the order confirmation will include value added tax if applicable.

4.2. During the Agreement Period the monthly payment will consist of both the Goodspeed device and the Goodspeed Service. After the Agreement Period the Goodspeed device will be fully paid, and monthly payments for the Goodspeed Service will continue.

4.3. The Agreement Period and the Customer’s obligation to pay the monthly payments will begin once the Customer has purchased the Goodspeed device. Customer provides Uros with the necessary payment instrument details that enable Uros to charge the monthly payments. The default payment instrument is credit card.

4.4. Uros may at its discretion support alternative payment instruments for its Business Plan customers, such as invoicing.

4.5. Uros is entitled to claim an interest set forth by the applicable legislation for any delayed payments. Uros is entitled to claim reasonable expenses incurred due to collecting the delayed payment from the Customer.

4.6. Uros reserves the right to make changes to the Goodspeed service pricing. Uros shall always inform of such possible changes to the prices well in advance, and at the latest fourteen (14) days before the new prices take effect.

Simplified:

This fixed-term contract covers both Goodspeed service and Goodspeed device and is charged with fixed monthly payments.

After the contract period of 24 months the device share of the monthly payment is excluded.

5. Warranty

5.1. The warranty terms and conditions, which form part of and are incorporated into these general terms and conditions of sale by reference, are available for you on Uros’s website and in our App. Such warranty terms and conditions are also contained in your Uros’s product packing. Such limited warranty covers Uros’s product only; it does not cover any software, services or any other products.

5.2. For consumer Customers, who are covered by consumer protection laws or regulations in their country of purchase or country of residence, the benefits granted by Uros’ one (1) year limited warranty operate alongside the statutory rights and remedies conveyed by such consumer protection laws and regulations.

Simplified:

Goodspeed device warranty is 1 year if not otherwise regulated by your local authorities. For example, for the devices sold in the EU a standard 2 year warranty is applied.

6. Other terms

6.1. Without limiting the Customer’s rights as a consumer under the laws of the Customer’s country, these terms and conditions as well as all disputes or claims arising hereof shall be governed by the laws of Finland. Any dispute, controversy or claim arising out of or in connection with this Agreement, or the breach or invalidity thereof shall be determined by Finnish courts.

6.2. Uros’s Terms of Sale and Terms of Service shall apply to any matters that are not set forth in this Agreement.

Simplified:

We are from Finland! Which means that the applicable law in these terms is also from Finland. Any topics not covered here are applied from Uros’s Terms of Sale and Terms of Service.