Terms & Conditions
Last updated: February 2026
1. Agreement to Terms
These Terms and Conditions ("Terms") govern your access to and use of the Parachute platform operated by Veraty Tech Pty Ltd (ABN pending) ("Parachute", "we", "us", "our"). By accessing or using our platform, you agree to be bound by these Terms.
2. Description of Services
Parachute provides an AI-powered legal and compliance platform that includes document generation, contract review, compliance monitoring, and expert verification services. Our platform is designed to assist with legal and compliance tasks but does not constitute legal advice unless delivered by a verified legal expert through our verification marketplace.
3. Account Registration
To use Parachute, you must:
- Create an account with accurate and complete information
- Be at least 18 years of age
- Keep your login credentials secure and confidential
- Notify us immediately of any unauthorised access to your account
You are responsible for all activities that occur under your account.
4. Subscription and Payment
4.1 Plans and Pricing
Parachute offers subscription plans as described on our Pricing page. All prices are in Australian dollars and exclude GST unless stated otherwise.
4.2 Free Trial
New accounts receive a 14-day free trial. No credit card is required to start a trial. At the end of the trial period, you must subscribe to a paid plan to continue using the platform.
4.3 Billing
Subscriptions are billed in advance on a quarterly or annual basis. Payments are processed via Stripe. You authorise us to charge your payment method on a recurring basis.
4.4 Cancellation
You may cancel your subscription at any time. Cancellation takes effect at the end of your current billing period. No refunds are provided for partial billing periods.
5. Acceptable Use
You agree not to:
- Use the platform for any unlawful purpose
- Attempt to gain unauthorised access to our systems
- Reverse engineer, decompile, or disassemble any part of the platform
- Share your account credentials with unauthorised parties
- Upload malicious content or interfere with platform operations
- Use the platform to generate fraudulent or misleading legal documents
6. Intellectual Property
6.1 Our IP
The Parachute platform, including its design, features, code, and branding, is owned by Veraty Tech Pty Ltd and protected by intellectual property laws.
6.2 Your Content
You retain ownership of content you create or upload to the platform. By using Parachute, you grant us a limited licence to process your content solely for the purpose of providing our services.
7. AI-Generated Content
Content generated by Parachute's AI is provided for informational purposes and to assist with legal and compliance tasks. AI-generated content should be reviewed and verified before reliance. Parachute does not guarantee the accuracy or completeness of AI-generated content and recommends expert verification for critical matters.
8. Expert Verification Services
Expert verification services are provided by independent legal and cybersecurity professionals through our marketplace. While we vet all experts on our platform, the expert's advice and verification represents their professional opinion. Specific terms and pricing for verification services are presented at the time of engagement.
9. Limitation of Liability
To the maximum extent permitted by law, Parachute and its directors, officers, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the platform. Our total liability shall not exceed the amount you paid us in the 12 months preceding the claim.
10. Indemnification
You agree to indemnify and hold harmless Parachute from any claims, losses, or damages arising from your breach of these Terms or your use of the platform.
11. Privacy
Your use of the platform is also governed by our Privacy Policy, which describes how we collect, use, and protect your personal information.
12. Modifications
We may modify these Terms at any time. Material changes will be notified via email or platform notification at least 30 days before taking effect. Continued use of the platform after changes take effect constitutes acceptance of the modified Terms.
13. Governing Law
These Terms are governed by the laws of Victoria, Australia. Any disputes shall be resolved in the courts of Victoria, Australia.
14. Contact
For questions about these Terms, contact us at:
Email: legal@goparachute.ai
Address: Melbourne, VIC, Australia