BAKTI UNIVERSAL VAULTS - TERMS OF SERVICE   |   PLEASE READ OUR TERMS CAREFULLY BEFORE USING OUR SERVICES   |   LEGALLY BINDING AGREEMENT   |   UPDATED TERMS EFFECTIVE OCTOBER 2023   |  

1. Acceptance of Terms

By accessing or using any services provided by Bakti Universal Vaults ("Company", "we", "us", or "our"), you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using or accessing our services.

Important: These terms constitute a legally binding agreement between you and Bakti Universal Vaults. We recommend that you print a copy of these terms for your records.

2. Services Description

Bakti Universal Vaults provides secure storage solutions including but not limited to:

All services are subject to availability and may be modified, suspended, or discontinued at our discretion.

3. Eligibility and Registration

To use our services, you must:

Warning: Providing false information during registration may result in immediate termination of your account and legal action.

4. Prohibited Items

You agree not to store any of the following prohibited items in our vaults:

Category Prohibited Items Consequences
Illegal Items Contraband, stolen property, illegal substances Immediate termination, legal reporting
Hazardous Materials Explosives, flammable materials, toxic substances Immediate termination, possible fines
Perishable Items Food, plants, living organisms Removal at customer's expense
Weapons Firearms, ammunition (without proper permits) Confiscation, legal reporting
Cash & Currency Large amounts of cash (limits apply) Additional verification required

We reserve the right to inspect any items being stored if we have reasonable suspicion of prohibited contents.

5. Fees and Payments

5.1 Service Fees

All services are subject to fees as outlined in your service agreement. Fees may include:

5.2 Payment Terms

Payments are due according to the schedule in your service agreement. Late payments may result in:

5.3 Price Changes

We reserve the right to modify our fees with 30 days' written notice to customers.

6. Access and Security

Access to our facilities is governed by strict security protocols:

Security Notice: You are responsible for maintaining the confidentiality of your access credentials. Notify us immediately if you suspect unauthorized use of your account.

7. Liability and Insurance

7.1 Limitation of Liability

While we maintain the highest security standards, our liability is limited as follows:

7.2 Insurance Options

We offer various insurance options for your stored items:

Detailed insurance terms are provided in separate insurance documentation.

8. Termination

Either party may terminate the service agreement as follows:

8.1 By Customer

Customers may terminate with 30 days' written notice. All stored items must be removed by the termination date.

8.2 By Company

We may terminate immediately for:

8.3 Abandoned Property

Items left after termination will be considered abandoned and may be disposed of according to applicable law.

9. Intellectual Property

All content, trademarks, and proprietary technology belong to Bakti Universal Vaults. You agree not to:

10. Governing Law and Dispute Resolution

10.1 Governing Law

These terms are governed by the laws of Singapore, where our headquarters are located.

10.2 Dispute Resolution

Any disputes shall be resolved through:

  1. Informal negotiation between parties
  2. Mediation with a neutral third party
  3. Binding arbitration in Singapore

You waive the right to participate in class action lawsuits against the company.

11. Modifications to Terms

We reserve the right to modify these terms at any time. Changes will be:

Continued use of our services after changes constitutes acceptance of the modified terms.

12. Contact Information

For questions about these Terms of Service, please contact us:

Legal Department

Klarabergsviadukten 63, 111 64 Stockholm, Sweden

Response Time: Within 5 business days for legal inquiries

Last Updated: October 15, 2022

These Terms of Service replace all previous versions and agreements.