Effective Date: 10/11/2024
Welcome to Nitaq For Actuarial Services (“Nitaq,” “we,” “us,” or “our”). These Terms of Service (“Terms”) govern your access to and use of our services, website, and any related materials, including but not limited to actuarial consulting, risk assessment, financial modeling, and data analysis provided by Nitaq. By accessing or using our services, you agree to be bound by these Terms. If you do not agree, do not use our services.
1. Eligibility
1.1 You must be at least 18 years old and legally capable of entering into contracts under Saudi Arabian law to use our services.
1.2 By accessing or using our services, you represent and warrant that you meet these eligibility requirements.
2. Scope of Services
2.1 Nitaq provides actuarial and consulting services, including but not limited to the following:
- Risk assessment and management
- Actuarial modeling and analysis
- Insurance consulting
- Pension and employee benefits analysis
- Financial projections and valuations
2.2 All services are subject to the terms outlined in this document and any applicable agreements or contracts signed between you and Nitaq.
3. Use of Services
3.1 You agree to use our services solely for lawful purposes and in compliance with all applicable laws, regulations, and industry standards in Saudi Arabia.
3.2 You must not:
- Provide false or misleading information.
- Use our services for any fraudulent, unethical, or unauthorized activities.
- Disrupt or interfere with our systems, networks, or operations.
4. Client Responsibilities
4.1 You are responsible for providing accurate, complete, and timely information necessary for us to deliver our services effectively.
4.2 You must promptly notify us of any changes to your circumstances that may affect the services provided.
4.3 Failure to provide the required information or cooperation may result in delays, additional fees, or termination of services.
5. Fees and Payment
5.1 Fees for our services will be outlined in a separate agreement or invoice.
5.2 All payments are due as per the terms stated in the invoice. Late payments may incur additional charges or interest as permitted under Saudi Arabian law.
5.3 Nitaq reserves the right to suspend or terminate services for non-payment.
6. Confidentiality
6.1 We are committed to protecting the confidentiality of all client information provided to us. We will not disclose any confidential information to third parties without your consent unless required by law.
6.2 You agree to maintain the confidentiality of any proprietary materials, methodologies, or tools provided by Nitaq during the course of our engagement.
7. Intellectual Property
7.1 All intellectual property, including but not limited to reports, models, tools, and analysis created by Nitaq, remains the exclusive property of Nitaq unless explicitly agreed otherwise in writing.
7.2 You are granted a non-exclusive, non-transferable license to use the deliverables solely for the purposes specified in the agreement.
8. Limitation of Liability
8.1 To the maximum extent permitted by law, Nitaq shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to our services.
8.2 Nitaq’s total liability for any claims arising from or related to our services shall not exceed the total fees paid by you to Nitaq for the specific services giving rise to the claim.
9. Indemnification
You agree to indemnify, defend, and hold harmless Nitaq, its affiliates, employees, and agents from any claims, damages, losses, or expenses arising out of your use of our services, your violation of these Terms, or your violation of any applicable laws or regulations.
10. Termination
10.1 Either party may terminate the engagement by providing written notice as specified in the service agreement.
10.2 Upon termination, all outstanding fees and charges shall become immediately due and payable.
10.3 Nitaq reserves the right to terminate or suspend services if you violate these Terms or fail to meet your obligations.
11. Governing Law and Dispute Resolution
11.1 These Terms shall be governed by and construed in accordance with the laws of the Kingdom of Saudi Arabia.
11.2 Any disputes arising out of or relating to these Terms or our services shall be resolved through arbitration in Riyadh, Saudi Arabia, in accordance with applicable Saudi arbitration laws.
12. Amendments
Nitaq reserves the right to amend these Terms at any time. Changes will be communicated to you and will become effective upon posting on our website or other communication channels.
13. Force Majeure
Nitaq shall not be held liable for delays or failures in performance resulting from events beyond our reasonable control, including but not limited to acts of God, natural disasters, governmental actions, or labor disputes.
14. Miscellaneous
14.1 If any provision of these Terms is deemed unenforceable or invalid, the remaining provisions shall remain in full force and effect.
14.2 These Terms constitute the entire agreement between you and Nitaq regarding the use of our services and supersede any prior agreements or understandings.
For any questions or concerns regarding these Terms, please contact us at:
Nitaq For Actuarial Services
Address: 8428 King Fahd Rd, Al Mohammadiyyah, Riyadh 12363
Email: admin.affairs@nitaq.com.sa
Phone: +966555016879
Thank you for trusting Nitaq For Actuarial Services.