Terms of Service

Last Updated: June 9, 2025

1. Acceptance of Terms

By accessing or using Crude Ledger ("Service"), you agree to be bound by these Terms of Service ("Terms"). If you disagree with any part of these terms, you may not access the Service.

2. Description of Service

Crude Ledger provides a comprehensive financial management platform specifically designed for oil and gas operations, including:

  • Joint Interest Billing (JIB) management and tracking
  • Mineral interest and royalty management
  • Financial reporting and analytics
  • Document storage and management
  • Multi-tenant data isolation and security

3. User Accounts and Registration

3.1 Account Creation

You must provide accurate, complete, and current information during registration. You are responsible for safeguarding your account credentials and for all activities under your account.

3.2 Eligibility

You must be at least 18 years old and have the legal authority to enter into these Terms on behalf of yourself or your organization.

3.3 Account Security

You agree to notify us immediately of any unauthorized use of your account or any other breach of security.

4. Subscription Plans and Billing

4.1 Available Plans

  • Hobbyist: $5/month - 5 wells, 3 operators, 5 deals
  • Professional: $10/month - 20 wells, 10 operators, 20 deals
  • Ultimate: $20/month - Unlimited wells, operators, and deals

4.2 Payment Terms

Subscription fees are billed monthly in advance. All payments are processed securely through Stripe. You authorize us to charge your payment method for the applicable fees.

4.3 Cancellation and Refunds

You may cancel your subscription at any time. Cancellation takes effect at the end of your current billing period. We do not provide refunds for partial months of service.

4.4 Plan Changes

You may upgrade or downgrade your plan at any time. Changes take effect immediately, with prorated billing adjustments.

5. Acceptable Use Policy

5.1 Permitted Use

You may use the Service only for lawful purposes and in accordance with these Terms. The Service is intended for legitimate oil and gas business operations.

5.2 Prohibited Activities

You agree not to:

  • Use the Service for any unlawful purpose or to solicit unlawful activity
  • Attempt to gain unauthorized access to other users' data
  • Upload malicious code, viruses, or harmful content
  • Interfere with or disrupt the Service or servers
  • Use the Service to transmit spam or unsolicited communications
  • Reverse engineer, decompile, or attempt to extract source code
  • Share your account credentials with unauthorized persons

6. Data and Content

6.1 Your Data

You retain ownership of all data you upload to the Service. You grant us a limited license to process, store, and display your data solely to provide the Service.

6.2 Data Security

We implement industry-standard security measures to protect your data. However, no system is completely secure, and you acknowledge the inherent risks of data transmission over the internet.

6.3 Data Backup and Export

You are responsible for maintaining backups of your important data. We provide data export functionality to facilitate this responsibility.

7. Intellectual Property

7.1 Our Property

The Service, including its software, design, content, and trademarks, is owned by us and protected by intellectual property laws.

7.2 Feedback

Any feedback or suggestions you provide about the Service may be used by us without restriction or compensation.

8. Service Availability and Modifications

8.1 Availability

We strive to maintain high service availability but do not guarantee uninterrupted access. We may perform maintenance that temporarily affects service availability.

8.2 Modifications

We reserve the right to modify, suspend, or discontinue any aspect of the Service with reasonable notice to users.

9. Limitation of Liability

Important: To the maximum extent permitted by law, we shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or business opportunities.

Our total liability for any claims arising from or related to the Service is limited to the amount you paid us in the 12 months preceding the claim.

10. Indemnification

You agree to indemnify and hold us harmless from any claims, damages, losses, and expenses (including attorney fees) arising from your use of the Service or violation of these Terms.

11. Privacy and Data Protection

Your privacy is important to us. Please review our Privacy Policy, which governs how we collect, use, and protect your information.

12. Termination

12.1 Termination by You

You may terminate your account at any time by canceling your subscription through your account settings.

12.2 Termination by Us

We may suspend or terminate your account if you violate these Terms or engage in prohibited activities. We will provide notice when reasonably possible.

12.3 Effect of Termination

Upon termination, your access to the Service will cease, and we may delete your data after a reasonable period.

13. Dispute Resolution

13.1 Governing Law

These Terms are governed by the laws of the United States and the state in which our business is incorporated.

13.2 Arbitration

Any disputes arising from these Terms or your use of the Service will be resolved through binding arbitration, except for claims that may be brought in small claims court.

14. Force Majeure

We are not liable for any failure to perform due to circumstances beyond our reasonable control, including natural disasters, government actions, or technical failures of third-party providers.

15. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect.

16. Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and us regarding the Service.

17. Updates to Terms

We may update these Terms periodically. We will notify users of significant changes via email or through the Service. Continued use of the Service constitutes acceptance of updated Terms.

18. Additional Terms for Enterprise Users

Enterprise customers may have additional terms specified in separate agreements. In case of conflict, the enterprise agreement takes precedence for those users.

Contact Information

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

Email: legal@crudeledger.com
Address: Crude Ledger Legal Department
Phone: Available upon request
Response Time: We aim to respond within 5 business days

Acknowledgment: By using Crude Ledger, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.