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Terms

•By Ahmad Ali

Terms and Conditions for Vakse Procurement Platform

Vakse, a digital procurement platform, is designed to connect buyers and vendors, streamline purchasing, and manage sourcing workflows efficiently. These Terms and Conditions ("Agreement") govern your access and use of the Vakse platform ("Platform"). By registering an account or using our services, you agree to be bound by this Agreement.

1. DEFINITIONS

  • "Platform" refers to the Vakse web-based application and related services.
  • "User" refers to any individual or entity using the Platform, including both Buyers and Vendors.
  • "Buyer" refers to users seeking products or services through the Platform.
  • "Vendor" refers to users offering products or services through the Platform.
  • "Transaction" means any procurement activity, including RFPs, proposals, POs, and payments, facilitated through the Platform.

2. PLATFORM SCOPE

Vakse offers tools to:

  • Create and manage Requests for Proposals (RFPs)
  • Invite vendors and receive proposals
  • Compare quotes and place Purchase Orders (POs)
  • Track deliveries and process payments

Vakse does not guarantee the quality, legality, or fitness of goods or services transacted between Users.

3. USER OBLIGATIONS

3.1 Accuracy of Information Users must provide and maintain accurate information about their identity, business, and offerings.

3.2 Compliance with Laws Users are responsible for ensuring that their use of the Platform complies with all applicable local, national, and international laws, including:

  • U.S. (Federal Acquisition Regulations, UCC)
  • EU (GDPR, Digital Services Act)
  • Asia (Local e-commerce regulations)
  • Global (Anti-corruption laws, international trade restrictions)

3.3 Prohibited Conduct Users may not:

  • Misrepresent offerings
  • Circumvent the Platform to avoid fees
  • Upload harmful or unlawful content
  • Interfere with Platform functionality

4. FEES AND BILLING

Some features of the Platform may be offered on a subscription or pay-per-transaction basis. Vakse will notify users in advance of any charges.

  • Subscription fees are non-refundable unless explicitly stated.
  • Subscription packages and plan maybe altered, updated, or cancelled without notification.

5. INTELLECTUAL PROPERTY

All software, content, and designs within the Platform are the exclusive property of Vakse or its licensors. Users retain ownership of their own content but grant Vakse a limited license to display and distribute such content within the Platform.

6. PRIVACY AND DATA SECURITY

Vakse complies with global data protection standards, including:

  • GDPR for EU users
  • CCPA for California residents
  • PDPA for users in Singapore

Refer to our [Privacy Policy] for detailed information.

7. TERMINATION

Vakse reserves the right to suspend or terminate accounts that violate this Agreement. Users may request account deletion at any time.

8. LIMITATION OF LIABILITY

Vakse shall not be liable for any indirect, incidental, or consequential damages arising out of or related to the use of the Platform, including lost profits, business interruptions, or procurement losses.

9. GOVERNING LAW AND DISPUTES

U.S. Users: Governed by the laws of the State of Delaware.

EU/UK Users: Governed by the laws of England and Wales.

APAC Users: Governed by local jurisdiction unless otherwise specified.

Disputes shall be resolved by binding arbitration or the courts of the applicable jurisdiction, unless superseded by written agreement.

10. AMENDMENTS

Vakse may update these Terms from time to time. Continued use of the Platform constitutes acceptance of the revised terms.

Contact Us For legal inquiries, reach out to: legal@vakse.com