Algoviro AutoTrade is licensed, not sold as intellectual property. Purchasing a software licence grants limited usage rights for the agreed licence period. The licence does not guarantee trading profits, financial returns or uninterrupted broker execution.
1. Agreement Overview
This End User Licence Agreement ("Agreement") is entered into between [INSERT LEGAL BUSINESS NAME] ("Algoviro", "Licensor", "we" or "us") and the customer ("Licensee" or "you").
This Agreement governs use of Algoviro AutoTrade, the Algoviro Signal Engine and related software components included in the purchased licence.
By accepting this Agreement and activating the software, you agree to comply with its conditions.
2. Grant of Licence
Subject to receipt of applicable fees, satisfaction of regulatory requirements and compliance with this Agreement, Algoviro grants the Licensee a limited, non-exclusive, non-transferable and non-sublicensable right to access and use the licensed software during the agreed licence term.
This licence does not transfer ownership of the software or its underlying intellectual property.
The Licensee may use the software only for the authorized purposes described in the applicable purchase agreement.
3. Licence Price & Duration
The advertised licence pricing is:
The initial licence term begins on the documented activation date unless a different commencement arrangement is expressly agreed in writing.
Trading capital, brokerage, exchange charges, taxes and third-party fees are separate from the software licence price.
Applicable taxes and the final payable amount will be disclosed before purchase.
4. Annual Licence Renewal
The licence is intended to be renewable every twelve months for the then-applicable annual renewal fee disclosed to the customer.
The currently stated renewal fee is ₹4,99,999 per year.
Renewal is subject to the software remaining available, applicable regulatory requirements and payment of the renewal fee.
Recurring payments will not be initiated without the customer's applicable authorization.
Any material change to renewal conditions will be disclosed in accordance with applicable law.
5. Licence Expiry
If the licence is not renewed before or after its expiry, access to licensed software services may be suspended or discontinued according to the agreed terms.
The Licensee remains responsible for reviewing and managing any open broker positions independently of the licence status.
Expiry does not automatically terminate positions held in a brokerage account.
6. Permitted Software Use
Subject to the purchased entitlement, the Licensee may use Algoviro AutoTrade to:
- Review software-generated market signals.
- Connect an authorized brokerage account.
- Access eligible automation controls.
- Monitor software-recorded trading activity.
- View available software performance and historical records.
Features will be available only where released, supported and permitted for the relevant user.
7. Prohibited Activities
Unless expressly permitted by Algoviro in writing or by applicable law, the Licensee must not:
- Copy, reproduce or redistribute the software.
- Resell or sublicense access to others.
- Share access credentials with unauthorized users.
- Remove proprietary notices or licence restrictions.
- Attempt to bypass authentication or security controls.
- Reverse-engineer or modify protected components except where permitted by law.
- Use the software for illegal trading activity.
8. Software Ownership
All applicable rights in Algoviro AutoTrade, its source code, algorithms, user interface, trademarks, branding and proprietary materials remain with Algoviro or the relevant rights holders.
A licence purchase does not grant the Licensee ownership of source code, trade secrets or intellectual property.
9. Broker Integration
Algoviro AutoTrade may integrate with supported broker APIs, including Upstox, where technically and legally permitted.
The Licensee is responsible for obtaining the required brokerage account, credentials and broker permissions.
Availability of broker services is subject to the applicable broker's terms, technical systems and restrictions.
10. No Profit Guarantee
Securities trading can result in substantial financial losses, including loss of trading capital.
The software licence fee must not be interpreted as an investment amount or a promise of future financial gain.
11. Trading at Customer's Market Risk
The Licensee is responsible for evaluating whether algorithmic intraday trading is suitable for their circumstances.
Ordinary trading losses caused by unfavorable market price movements, volatility, slippage or liquidity conditions are risks associated with securities trading.
Algoviro does not promise to compensate such ordinary market-related losses, except where a legal remedy is required by applicable law.
12. Software & Execution Limitations
The software may be affected by:
- Internet failures.
- Server downtime.
- Broker API interruptions.
- Rejected or delayed orders.
- Market price slippage.
- Partial order execution.
- Authentication expiry.
- Unexpected technical errors.
Algoviro cannot guarantee an order will execute at a particular price or precisely at its scheduled time.
13. Stop Loss, Target Profit & Trailing SL
Configurable Stop Loss, Target Profit and Trailing Stop Loss are planned software capabilities and are not active in the current engine.
Availability will depend on development, testing, broker support and any required compliance approvals.
Even after release, risk controls cannot guarantee a specific execution price or prevent all trading losses.
14. Refund & Cancellation
Failure to achieve an expected trading profit does not, by itself, entitle the Licensee to a software refund.
Refund requests involving defective services, non-delivery, misrepresentation or other legally protected matters will be handled under applicable consumer protection requirements.
15. Updates & Maintenance
Algoviro may release security fixes, patches and improvements.
Updates may be required for continued compatibility with supported brokers or exchanges.
New features are not guaranteed unless expressly included in the relevant licence agreement.
16. Technical Support
Support availability, response arrangements, maintenance commitments and any applicable support limitations will be specified in the customer's agreed purchase or support terms.
No particular service level or support response time is guaranteed unless expressly agreed in writing.
17. Account & Security Responsibilities
The Licensee must protect account credentials and authorization details.
Unauthorized access or suspected security incidents should be reported promptly.
The Licensee should regularly verify actual broker positions, executed orders and account balances.
18. Suspension or Termination
Access may be suspended or terminated in accordance with the applicable agreement due to:
- Material licence violations.
- Unauthorized redistribution.
- Non-payment of applicable fees.
- Security threats.
- Applicable legal restrictions.
Suspension and termination remain subject to the Licensee's legal rights and applicable statutory remedies.
19. Limitation of Liability
To the maximum extent permitted by applicable law, Algoviro does not accept responsibility for ordinary market losses arising from securities price movements, volatility, liquidity or customer decisions.
Nothing in this Agreement excludes or limits liability for fraud, wilful misconduct, negligence, deficient services, misrepresentation or other liabilities that cannot lawfully be restricted.
20. Compliance Requirements
The availability and use of trading automation may require broker, exchange or regulatory approval.
Nothing in this Agreement represents the software as approved or endorsed by SEBI, NSE or any broker.
Any regulated offering must satisfy applicable compliance requirements before commercial deployment.
21. Changes to This Agreement
Algoviro may update the Agreement in response to technical, operational or legal changes.
Material changes to existing licence rights will be handled according to the applicable contract and law.
22. Applicable Law & Disputes
This Agreement is governed by the applicable laws of India.
Disputes will be addressed through the available contractual and statutory processes.
Nothing in this Agreement restricts access to mandatory consumer forums or other remedies established by law.
23. Acceptance of Licence Terms
Before activating the software, the Licensee must review and affirmatively accept the applicable licence and risk terms.
The Licensee acknowledges:
- The licence provides usage rights, not software ownership.
- The initial licence duration is twelve months.
- Annual renewal requires applicable payment.
- Trading profits are not guaranteed.
- Market-related losses are possible.
- Software payments are generally non-refundable after activation, subject to law.
- Statutory customer rights remain protected.
24. Contact & Legal Details
Brand: Algoviro
Software: Algoviro AutoTrade
Website: https://algoviro.com
Licensor Legal Name: [INSERT LEGAL BUSINESS NAME]
Registered Address: [INSERT BUSINESS ADDRESS]
Official Support Email: [INSERT SUPPORT EMAIL]
Grievance Contact: [INSERT GRIEVANCE CONTACT]