Terms & Conditions

Entity: MD-DC Limited ΗΕ 489520

Jurisdiction: Republic of Cyprus

1. Application of Terms: 

These Terms and Conditions apply to all services provided by MD-DC Limited ("the Consultant") to the Client. Any variation must be agreed upon in writing. In the event of a conflict between these terms and any purchase order provided by the Client, these terms shall prevail.

2. Fees and Payment: 

Invoicing: Invoices will be issued monthly and are payable in Euros/USD/GBP unless otherwise stated.

Payment Terms: All invoices are due within 30 days of the invoice date.

Late Payment: In accordance with the Late Payment in Commercial Transactions Law of 2012 (Law 123(I)/2012), the Consultant reserves the right to charge interest on overdue amounts at the reference rate set by the European Central Bank plus 8%.

Taxes: All fees are exclusive of VAT. VAT will be charged at the prevailing Cyprus rate (currently 19%) where applicable.

3. Obligations of the Client: 

The Client shall provide all necessary information, access, and cooperation required for the Consultant to perform the services. Delays caused by the Client’s failure to provide such information may result in adjusted timelines and additional fees.

4. Intellectual Property (IP): 

Unless otherwise agreed in writing, all Intellectual Property Rights generated during the provision of services shall remain the property of MD-DC Limited.

Upon full payment of all fees, the Client is granted a non-exclusive, non-transferable license to use the deliverables for their intended internal business purpose.

5. Liability and Indemnity: 

Cap on Liability: The total liability of MD-DC Limited for any claim arising out of this agreement, whether in contract or tort, shall be limited to the total fees paid by the Client for the specific service giving rise to the claim.

Exclusions: The Consultant shall not be liable for any indirect, consequential, or economic loss, or loss of profits.

6. Confidentiality: 

Both parties agree to keep all business-sensitive information confidential during the term of the agreement and for a period of 5 years thereafter. This includes trade secrets, pricing, and proprietary methodologies.

7. Termination: 

Either party may terminate the agreement by providing 30 days' written notice.

The Consultant may terminate the agreement immediately if any invoice remains unpaid after its due date or if the Client enters into insolvency/liquidation.

8. Force Majeure: 

Neither party shall be liable for any delay or failure to perform its obligations if the delay or failure results from events outside their reasonable control (including but not limited to acts of God, strikes, or government restrictions).

9. Data Protection (GDPR): 

MD-DC Limited complies with the EU General Data Protection Regulation (GDPR) and the Cyprus Protection of Natural Persons with regard to the Processing of Personal Data Law (Law 125(I)/2018). Personal data will only be processed for the purposes of fulfilling the contract.

10. Governing Law and Jurisdiction: 

This agreement and any dispute or claim arising out of it shall be governed by and construed in accordance with the Laws of the Republic of Cyprus. Both parties irrevocably agree that the Courts of Cyprus (specifically the District Court of [e.g., Nicosia/Limassol]) shall have exclusive jurisdiction to settle any dispute.