Praxis — FCA Rectification Delivery Support · Saltire Finance Ltd · Effective Date: 15 June 2026
This End User Licence Agreement ("Agreement" or "EULA") is a legally binding contract between you ("Licensee") and Saltire Finance Ltd, a company registered in Scotland ("Licensor", "we", "us"), governing your use of the Praxis software application ("Software").
BY DOWNLOADING, INSTALLING, ACCESSING, OR USING THE SOFTWARE, YOU CONFIRM THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THIS AGREEMENT. If you are accepting on behalf of a company or other legal entity, you represent and warrant that you have authority to bind that entity to this Agreement, in which case "you" and "Licensee" refer to that entity. If you do not agree to this Agreement, do not download, install, access, or use the Software.
"Software" means the Praxis application in all its forms, including the single-file executable, any white-label or custom-branded versions, all updates, patches, and new versions provided under this Agreement, and all associated documentation.
"Licence" means the limited right to use the Software granted under Section 3 of this Agreement.
"Subscription" means the applicable subscription tier (Evaluation, Programme, Enterprise, or Bespoke) purchased by the Licensee, as set out on the Licensor's website or in an order form.
"Authorised Users" means the individuals permitted to use the Software under the Licensee's Subscription tier.
"Programme Data" means all data, content, and information entered into the Software by the Licensee or Authorised Users.
"White-Label Deployment" means a version of the Software customised with the Licensee's or a partner's branding under an Enterprise or Bespoke arrangement.
"Intellectual Property Rights" means all patents, copyrights, trade marks, trade secrets, database rights, and all other intellectual property rights, whether registered or unregistered, anywhere in the world.
Subject to the terms of this Agreement and payment of the applicable Subscription fees, the Licensor grants the Licensee a limited, non-exclusive, non-transferable, non-sublicensable, revocable licence to install and use the Software solely for the Licensee's internal business purposes during the Subscription term.
The Licensee may permit Authorised Users to use the Software, provided that:
Where the Licensee has purchased an Enterprise or Bespoke Subscription:
Where the Licensor makes free tools or a trial version of the Software available, such use is subject to this Agreement. The Licensor may withdraw or modify free or trial access at any time without notice.
The Licensee must not, and must ensure that Authorised Users do not:
The Software, including all source code, object code, interfaces, content, documentation, and associated materials, is and remains the exclusive property of the Licensor and is protected by copyright, trade secret, and other applicable laws. The Licensor's Intellectual Property Rights in the Software are not transferred to the Licensee under this Agreement. The Licensee acquires only the limited right to use the Software as set out in this Agreement.
All feedback, suggestions, ideas, or enhancement requests provided by the Licensee or Authorised Users regarding the Software ("Feedback") shall be the exclusive property of the Licensor. The Licensee assigns to the Licensor all Intellectual Property Rights in any Feedback, and the Licensor may use such Feedback without restriction or compensation.
All Programme Data entered into the Software by the Licensee or Authorised Users remains the property of the Licensee. The Licensor does not access, process, store, or transmit Programme Data — the Software operates on a client-side architecture whereby all Programme Data is stored locally on the Licensee's device or environment.
The Licensee is solely responsible for:
The Licensor shall have no liability for loss, corruption, or unavailability of Programme Data.
Access to the Software (beyond any free tier) requires payment of the applicable Subscription fees as set out on the Licensor's website or in an order form agreed in writing. Fees are payable in advance for the Subscription period selected. The Licensor reserves the right to change Subscription fees on not less than 30 days' written notice. Continued use of the Software following a fee change constitutes acceptance of the revised fees.
All fees are exclusive of VAT, which will be added where applicable. Fees are non-refundable except as expressly set out in this Agreement or as required by applicable law. If the Licensee fails to pay any fees when due, the Licensor may suspend access to the Software without prejudice to any other right or remedy.
Each party may receive confidential information of the other party in connection with this Agreement ("Confidential Information"). Each party agrees to:
The Software (including its structure, logic, and design) constitutes Confidential Information of the Licensor. The Licensee must not disclose the Software or permit access to it by any person other than Authorised Users.
Confidentiality obligations do not apply to information that: (a) is or becomes publicly available through no fault of the receiving party; (b) was already known to the receiving party; (c) is independently developed by the receiving party; or (d) must be disclosed by law or regulatory requirement, provided the disclosing party is given prompt written notice where permissible.
The Software is a project management and programme delivery tool. It is not authorised or regulated by the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), or any other financial regulatory body, and does not constitute financial advice, compliance software, or a regulated product.
The Software is designed to support the delivery management of FCA rectification programmes. It does not provide legal, regulatory, or compliance advice. The Licensor makes no representation that use of the Software satisfies any regulatory obligation of the Licensee. The Licensee is solely responsible for ensuring that its use of the Software and the delivery of its rectification programmes complies with all applicable regulatory requirements.
The Licensor shall have no liability for any regulatory sanction, fine, or enforcement action arising from the Licensee's use or reliance on the Software in a regulated context.
The Licensor warrants that:
THE SOFTWARE IS OTHERWISE PROVIDED "AS IS" AND "AS AVAILABLE". TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE LICENSOR DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND UNINTERRUPTED OR ERROR-FREE OPERATION.
Nothing in this Agreement excludes or limits the Licensor's liability for death or personal injury caused by negligence, fraud or fraudulent misrepresentation, or any other liability that cannot be excluded by law.
To the fullest extent permitted by applicable law:
The parties acknowledge that the limitations in this Section reflect a reasonable allocation of risk and that the Licensor would not have entered into this Agreement without them.
This Agreement commences on the date the Licensee first accesses or uses the Software and continues for the duration of the active Subscription period, unless earlier terminated in accordance with this Section.
The Licensor may terminate this Agreement immediately on written notice if:
The Licensee may terminate this Agreement at any time by ceasing use of the Software and deleting all copies. Termination does not entitle the Licensee to a refund of prepaid Subscription fees except as required by applicable law.
On termination of this Agreement for any reason:
Sections 5, 6, 8, 9, 10, 11, 13, and 14 survive termination.
The Licensor may from time to time release updates, patches, or new versions of the Software. Where such updates are provided to the Licensee, they form part of the Software and are subject to this Agreement. The Licensor is not obliged to provide updates or to maintain compatibility with any particular environment or third-party software. The Licensor reserves the right to modify or discontinue the Software or any feature of it at any time on reasonable notice.
This Agreement, together with any applicable order form and the Licensor's Terms of Use and Privacy Policy, constitutes the entire agreement between the parties relating to the Software and supersedes all prior agreements, representations, and understandings.
The Licensor may amend this Agreement from time to time. The Licensee will be notified of material amendments. Continued use of the Software following notification constitutes acceptance of the amended Agreement.
The Licensee may not assign, transfer, or sub-licence its rights under this Agreement without the Licensor's prior written consent. The Licensor may assign this Agreement to any successor entity or in connection with a sale of its business.
If any provision of this Agreement is found to be invalid or unenforceable, it shall be modified to the minimum extent necessary to make it valid and enforceable, and the remaining provisions shall continue in full force.
Failure by either party to enforce any right under this Agreement shall not constitute a waiver of that right.
This Agreement is governed by and construed in accordance with the laws of Scotland. Any dispute arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the Scottish courts.
For queries relating to this Agreement, please contact:
Saltire Finance Ltd
12 Harrier Court, Dunfermline, Fife, KY11 8JS
[email protected]
saltirefinance.com