Terms of Service

Last updated: March 30, 2026

1. Acceptance of Terms

By accessing or using the ReservePath platform ("Service"), operated by VRLY Ventures LLC, doing business as ReservePath ("Company," "we," "our," or "us"), you agree to be bound by these Terms of Service ("Terms"). These Terms apply to all users, including individual users, company administrators, and any employees or contractors who access the Service through an organization's account.

If you do not agree to these Terms, do not use the Service.

2. Description of Service

ReservePath provides cloud-based software-as-a-service (SaaS) tools for reserve study management, including component tracking, funding projections, report generation, site inspection documentation, maintenance planning, and related financial analysis for property associations (HOA, condo, co-op).

The Service is a tool to assist with your reserve study and financial planning processes. It does not provide accounting, legal, tax, engineering, or professional advisory services. You are responsible for verifying all outputs and consulting qualified professionals for decisions based on data from the Service.

3. Account Registration and Security

To use the Service, you must create an account and provide accurate, current, and complete information. You are solely responsible for safeguarding your password and any activities or actions under your account, whether or not you have authorized them.

You must notify us immediately at support@reservepath.com if you become aware of any unauthorized use of your account.

4. Subscription and Payment

  • The Service is offered through subscription plans with varying features and pricing.
  • A free trial period may be offered. At the end of the trial, you must subscribe to continue using the Service.
  • Subscription fees are billed in advance on a monthly or annual basis through Stripe. All fees are non-refundable except as required by law.
  • We reserve the right to change pricing with 30 days advance notice. Price changes will take effect at the start of your next billing cycle.
  • You are responsible for all applicable taxes associated with your subscription.
  • AI credit packs are one-time purchases. Purchased credits do not expire and are non-refundable.

5. User Responsibilities and Data Ownership

You agree to use the Service only for lawful purposes and in compliance with all applicable laws and regulations. You must provide accurate information and maintain the confidentiality of your login credentials.

YOU ARE SOLELY RESPONSIBLE FOR THE ACCURACY, QUALITY, INTEGRITY, LEGALITY, AND APPROPRIATENESS OF YOUR DATA.

You retain ownership of all data you upload to or create within the Service ("Your Data"). We do not claim ownership of Your Data. You grant us a limited license to use Your Data solely for the purpose of providing the Service to you.

You are responsible for maintaining your own separate backups of Your Data. While we take reasonable precautions to protect your data, we are not liable for data loss.

6. AI-Powered Features

The Service includes AI-powered features such as report narrative generation, AI chat assistants, and automated analysis. AI-generated content is provided as a starting point and should be reviewed for accuracy before use in final deliverables.

AI usage is subject to monthly limits based on your subscription plan. Additional AI credits may be purchased separately. We reserve the right to modify AI usage limits with reasonable notice.

We are not responsible for the accuracy, completeness, or suitability of AI-generated content. You are solely responsible for reviewing and validating any AI-generated content before including it in reports or sharing it with clients.

7. Intellectual Property

The Service, including its design, features, code, and underlying technology, is owned by VRLY Ventures LLC and protected by intellectual property laws. You receive a limited, non-exclusive, non-transferable, revocable license to use the Service for your internal business purposes during your active subscription.

You may not reverse-engineer, decompile, disassemble, or attempt to extract the source code of the Service. You may not copy, modify, distribute, or create derivative works based on the Service.

8. Third-Party Services

The Service integrates with third-party services including Stripe (payments), Anthropic (AI processing), and Wasabi (cloud storage). Your use of these third-party services is subject to their respective terms and privacy policies.

WE ARE NOT RESPONSIBLE FOR ANY THIRD-PARTY SERVICES, AND YOUR USE OF SUCH SERVICES IS AT YOUR OWN RISK.

9. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

RESERVEPATH IS A TOOL TO ASSIST WITH RESERVE STUDY MANAGEMENT. IT IS NOT A SUBSTITUTE FOR PROFESSIONAL ENGINEERING, ACCOUNTING, LEGAL, OR FINANCIAL ADVISORY SERVICES. You bear sole responsibility for:

  • The accuracy of all data entered into the Service
  • Verifying all outputs, reports, calculations, and AI-generated content
  • Compliance with applicable laws, regulations, and professional standards
  • Any decisions made based on information from the Service

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, VRLY VENTURES LLC SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO:

  • Loss of profits, revenue, data, business opportunities, or goodwill
  • Cost of procurement of substitute services
  • Any damages arising from errors in calculations, projections, or AI-generated content

OUR TOTAL LIABILITY SHALL NOT EXCEED THE LESSER OF: (A) THE AMOUNT YOU PAID US IN THE THREE (3) MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED DOLLARS ($100 USD).

11. Indemnification

You agree to indemnify, defend, and hold harmless VRLY Ventures LLC, its officers, directors, employees, and agents from any claims, damages, losses, or expenses (including reasonable attorneys' fees) arising from your use of the Service, your violation of these Terms, your data, or any dispute between you and a third party related to your account.

12. Termination

  • You may cancel your subscription at any time. Cancellation takes effect at the end of your current billing period.
  • We may suspend or terminate your account immediately if you violate these Terms, engage in abusive behavior, or fail to pay subscription fees.
  • Upon termination, you may request an export of Your Data within 30 days. After 30 days, Your Data may be permanently deleted.

13. Changes to Terms

We reserve the right to modify these Terms at any time. We will provide at least 30 days advance notice of material changes via email or platform notification. Your continued use of the Service after changes take effect constitutes acceptance of the revised Terms.

14. Governing Law and Dispute Resolution

These Terms are governed by the laws of the State of New Jersey, without regard to conflict of law principles. Any dispute arising from these Terms or the Service shall be resolved exclusively in the state or federal courts located in Middlesex County, New Jersey.

EACH PARTY WAIVES ANY RIGHT TO A JURY TRIAL IN ANY PROCEEDING ARISING UNDER THESE TERMS.

Any cause of action arising from or related to the Service must be commenced within one (1) year after the cause of action accrues. Otherwise, such cause of action is permanently barred.

15. General Provisions

  • Entire Agreement: These Terms, together with the Privacy Policy, constitute the entire agreement between you and VRLY Ventures LLC regarding the Service.
  • Severability: If any provision of these Terms is found to be unenforceable, the remaining provisions remain in full force and effect.
  • Assignment: You may not assign your rights or obligations under these Terms without our prior written consent. We may assign our rights and obligations freely.
  • Force Majeure: We are not liable for any delay or failure to perform due to circumstances beyond our reasonable control, including natural disasters, war, pandemics, internet outages, or government actions.
  • Waiver: Our failure to enforce any right or provision of these Terms does not constitute a waiver of that right or provision.

16. Contact Information

For questions about these Terms, contact us at:

VRLY Ventures LLC (dba ReservePath)
1346 How Lane, Unit 7
North Brunswick Township, NJ 08901
Email: legal@reservepath.com