Terms of Use for BuiltMind

Effective as of November 26, 2025

1. Parties and Scope

These Terms of Use (“Terms”) govern:

  • access to and use of BuiltMind websites and applications; and
  • provision and use of BuiltMind’s real estate data and analytics services, including SaaS modules and analytical outputs (together, the “Service”),

provided by BuiltMind s.r.o., ID 11823259, mailing address: Opletalova 929/22, 110 00 Prague, Czech Republic, registered office: Behounska 5/18, 602 00 Brno, Czech Republic, (“BuiltMind”, “we”).

These Terms apply only to customers that are legal entities (“Customer”) and their authorized users.

By signing or accepting an order / offer referring to these Terms (an “Order”), or by using the Service, Customer agrees to these Terms and our Privacy Notice available at builtmind.com/privacy.

2. Contract Structure

The legally binding contract for the Service (the “Contract”) consists of:

  1. the Order (including any attached price quote ); and
  2. these Terms.

If there is a conflict, the Order prevails.

The Order sets the Service, term, and fees.

3. Use of the Service

3.1 License

Subject to the Contract, BuiltMind grants Customer a non-exclusive, non-transferable right, for the term set out in the Order, to:

  • access and use the Service; and
  • use, store and internally distribute outputs (including reports and PDFs),

for the Customer’s internal business purposes.

Customer may share outputs with its professional advisers, financing banks, valuers, auditors, and joint-venture partners in connection with its projects, provided BuiltMind is identified as the source.

3.2 Restrictions

Customer must not (and must not allow others to):

  • resell, sublicense or provide the Service or outputs as a standalone product or data source;
  • use the Service or outputs to build or train a competing real estate data, pricing or valuation product;
  • use automated means to systematically scrape data from the Service;
  • reverse engineer or try to extract underlying models, databases or source code, except where this cannot be restricted by law.

Users may access the Service only on behalf of Customer (e.g. Customer’s employees and similar authorized persons).

3.3 Service Changes

BuiltMind may modify and improve the Service at any time without materially reducing its agreed core functionality.

3.4 Customer Materials and Usage Data

Customer authorizes BuiltMind to process (i) data and materials that Customer voluntarily provides and (ii) information about Customer’s use of the Service (“Usage Data”) to provide and improve the Service. BuiltMind may create aggregated or anonymized analytics from Usage Data. BuiltMind will not disclose Customer’s internal data or confidential information to third parties and all such data remains subject to the confidentiality obligations in these Terms.

4. Fees and Invoicing

Fees are set out in the Order.

Unless the Order states otherwise:

  • fees are invoiced monthly in advance; and
  • invoices are payable within 14 days of the invoice date.

If any invoice is overdue by more than 14 days, BuiltMind may suspend access to the Service until payment.

5. Confidentiality

Each party must treat as confidential all non-public information received from the other party in connection with the Contract and use it only to perform the Contract, except where disclosure is required by law or to professional advisers bound by confidentiality.

Customer agrees that BuiltMind may use Customer’s name and logo as a reference client (e.g. on the website or in presentations). Customer may object at any time by email; in that case, BuiltMind will stop such use without undue delay.

Processing of any personal data is described in BuiltMind’s Privacy Notice available at builtmind.com/privacy.

6. Disclaimers and Liability

The Service is a decision-support tool. It is not an official appraisal, investment advice, legal advice, or a guarantee of price, sale, or performance. Customer remains responsible for its own decisions and for verifying results.

The Service is provided on an “as is” and “as available” basis. BuiltMind is not liable for any indirect, special, incidental, or consequential loss, including loss of profit or opportunity.

To the maximum extent permitted by law, BuiltMind provides the Service without any warranties of any kind, whether express or implied, including any warranties of accuracy, availability, fitness for a particular purpose, merchantability, or non-infringement.

BuiltMind may use or display data obtained from third-party sources. BuiltMind does not guarantee the accuracy, completeness, availability, or timeliness of such third-party data and is not liable for errors or omissions originating from third-party providers.

BuiltMind’s total aggregate liability under the Contract is limited to the fees paid by Customer for the Service under the relevant Order in the 12 months before the event giving rise to the claim.

7. Indemnity

Customer shall indemnify BuiltMind, its affiliates, officers, directors, employees and service providers from any losses, damages, liabilities and reasonable legal costs arising from Customer’s breach of the Contract or unlawful use of the Service.

8. Changes to these Terms

BuiltMind may update these Terms by publishing a new version at builtmind.com/terms-of-use.

For each Order, the Terms valid on the Order signature date apply for that Order’s initial term.

Updated Terms apply to renewals and new Orders, unless agreed otherwise.

9. Governing Law and Jurisdiction

This Contract is governed by the laws of the Czech Republic. Courts of the Czech Republic have jurisdiction over any dispute arising out of or in connection with it.

10. Final Provisions

If any provision of these Terms is found invalid or unenforceable, the remaining provisions remain in force.

Failure by either party to enforce any provision does not constitute a waiver.

The parties agree that all communications and notices may be sent by email and shall be deemed delivered when sent, unless the sender receives an error message indicating failed delivery.