This is an archived version of the Terms and Conditions, replaced on 26/08/2026. Read the current Terms and Conditions.
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Effective from: 7 May 2026

VEDI - TERMS AND CONDITIONS

Version 1.0
Last updated: 7 May 2026

Important Notice. These Terms and Conditions (the “Terms”) govern your access to and use of the Vedi platform operated by Chern & Co Limited. Please read them carefully before registering for an Account or otherwise using the Platform. By visiting, browsing, or accessing any part of the Platform (including limited data available without an account), you acknowledge that you have read, understood, and agree to be bound by these Terms.

If you do not agree to these Terms, you must immediately cease all use of the Platform.

These Terms apply alongside our Privacy Policy and Cookie Policy, which are incorporated by reference. We will give you not less than 15 days’ notice on a durable medium of any material change to these Terms, in accordance with Regulation (EU) 2019/1150 (the “P2B Regulation“). The current version, with the date of last update, will always be available on the Vedi website.

1. DEFINITIONS AND INTERPRETATION

In these Terms, the following expressions shall have the following meanings:
“Account” means the registered user account issued by Chern & Co to the Client to access the Platform.
“Agreement” means these Terms, together with the Privacy Policy, the Cookie Policy, any applicable Order Form, and any schedules, annexes, or specific terms referenced herein, as amended from time to time.
“AI System” means any artificial intelligence model, machine learning system, large language model, or similar tool operated by or on behalf of the Client that consumes, processes, or generates outputs derived from the Data or Output Data.
“AIM System” means any system comprising hardware and software that uses machine learning models, neural networks, or large language models (LLMs) to make decisions or generate outputs based on patterns or probabilistic logic.
“AI Data” means any data or outputs generated by the Client’s AI Systems resulting from the processing of Output Data.
“Business Day” means a day other than a Saturday, Sunday, or public holiday in the Republic of Ireland.
“Client” means the legal entity (including a sole practitioner) that registers an Account or otherwise enters into this Agreement, and any individual who accesses the Platform on its behalf.
“Commencement Date” means the date on which the Client first completes the registration procedure and accepts these Terms, or first accesses the Platform, whichever is earlier.
“Company Record” means information held within or comprising part of the Data in respect of a single company, limited liability partnership, limited partnership, sole trader, business name, or other business entity.
“Credit Reports” means the stand-alone products or services that contain information in a Company Record bearing upon the creditworthiness of a business entity, including Credit Ratings, Credit Limits, and payment history.
“Credit Risk Bands” means an assessment of creditworthiness by linking a business entity to a specific credit risk category, score, or band.
“Credit Score/ Risk Indicator” means an assessment of credit worthiness of a company or other business entity based on an algorithmic analysis of available data (financial or otherwise).
“Credit Limit” means a recommended financial limit for credit based on data analysis
“Data” means the bulk data sets relating to companies, business names, officers, and related information in the Republic of Ireland made available to Chern & Co from official public registries, lawful third-party sources, and data suppliers (each a “Data Provider”), together with any updates.
“Data Protection Legislation” means all applicable data protection and privacy legislation in force, including the EU GDPR, the UK GDPR, and the Irish Data Protection Act 2018.
“Derived Database” means the database created and maintained by Chern & Co that combines the Data with proprietary data, analytics, and value-added processing, and which is made available through the Platform.
“Documentation” means any user instructions, manuals, or descriptions of the Services provided by Chern & Co or the Data Provider.
“End User” means the Client, in its capacity as the recipient of Output Data for its own internal business purposes.
“Fees” means the subscription fees, transaction fees, and any other charges payable by the Client for access to the Platform, as set out on the Vedi pricing page or in the applicable Order Form.
“Intellectual Property Rights” (or “IPR”) means patents, rights to inventions, copyright, trade marks, business names, domain names, database rights, and all other intellectual property rights, whether registered or unregistered, subsisting anywhere in the world.
“Output Data” means the data, reports, dashboards, alerts, or other information, in whatever form, made available to the Client through the Platform in the course of providing the Services.
“Permitted Use” means use of the Output Data and the Derived Database solely for the Client's own internal business purposes, including credit risk management, monitoring, AML and KYC compliance, due diligence, business research, and onboarding decisions, and excluding any resale, redistribution, sublicensing, or other commercial exploitation.
“Personal Data Breach” means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal data made available through the Platform.
“Platform” means the Vedi business intelligence platform made available at https://vedi.ie, including all interfaces, dashboards, APIs, mobile or desktop clients, and supporting services.
“Raw Format” means the Data as supplied to Chern & Co by the Data Provider before it has been altered, manipulated, enriched, or had value added by the Platform. The Client is strictly prohibited from accessing, requesting, or attempting to obtain Data in its Raw Format.
“SCC” means the Standard Contractual Clauses approved by the European Commission for the transfer of personal data to third countries (Commission Implementing Decision (EU) 2021/914), and any successor clauses.
“Services” means the provision of access to the Platform, the Output Data, the Derived Database, and any associated support, as more particularly described in the Documentation.
“Single Enquiry Basis” means a standalone request made by the Client through the Platform for a specific Company Record or Output Data product, identified by input or selection.
“Serious Incident” means an event involving high-risk or general-purpose AI systems that results in significant harm or disruption, including breaches of fundamental rights or damage to property.
“Territory” means the Republic of Ireland.
“Third Country” means a country or territory outside the European Economic Area or the United Kingdom that has not been granted adequacy status under Data Protection Legislation.
“User” means any person who accesses the Platform, whether as an unregistered visitor or a registered Client.
“Updates” means the daily or periodic refreshes to the Data provided by the Data Provider to keep the records current.

Interpretation. In these Terms: (a) a reference to a statute or statutory provision is a reference to it as amended, extended, or re-enacted from time to time; (b) any phrase introduced by “including”, “in particular”, or any similar expression is illustrative and does not limit the sense of the words preceding it; (c) references to “writing” include email and similar means of electronic communication; and (d) headings are for convenience only and do not affect interpretation.

2. ACCEPTANCE OF TERMS

2.1 These Terms apply to all persons who access the Platform, whether as an unregistered visitor or as a registered Client. Any Person accessing limited public-facing data without registration does so subject to these Terms.
2.2 To register for an Account, purchase a subscription, or otherwise receive the Services, the Client must complete the online registration process. During registration, the Client will be required to give explicit consent to these Terms, the Privacy Policy, and the Cookie Policy by clicking an acceptance box (the “click-wrap” mechanism). This action creates a binding contractual relationship between the Client and Chern & Co.
2.3 The individual completing registration on behalf of an organisation warrants and represents that they have the legal capacity and authority to bind the organisation to this Agreement.
2.4 Chern & Co may, at its discretion, refuse, suspend, or revoke any registration where it has reasonable grounds to suspect that the information provided is inaccurate, that the applicant is not a bona fide business user, or that registration would be inconsistent with Chern & Co’s obligations to its data licensors.
2.5 Where these Terms are updated, the Client will be required to log in and accept the most current version. Material changes will be notified at least 15 days in advance on a durable medium in accordance with the P2B Regulation, except where a shorter period is required to comply with a legal obligation, address an imminent security risk, or address a breach of these Terms.

3. ACCOUNT, USERS, AND ACCESS

3.1 The Client is responsible for maintaining the confidentiality of all Account credentials and for all activity carried out under the Account. The Client must notify Chern & Co immediately at [email protected] if it suspects unauthorised access.
3.2 Where a subscription includes more than one named user seat, each seat must be allocated to a single named individual. Sharing of credentials between individuals is strictly prohibited and constitutes a material breach of these Terms.
3.3 Chern & Co may apply technical measures, including geolocation, IP filtering, and rate limiting, to enforce these restrictions. Any attempt to circumvent such measures, including via VPNs or proxies, is a material breach.

4. LICENCE GRANT AND PERMITTED USE

4.1 Subject to the Client’s continued compliance with these Terms and payment of the applicable Fees, Chern & Co grants the Client a limited, personal, non-exclusive, non-transferable, non-sublicensable, revocable licence to access the Platform and to use the Output Data and the Derived Database within the Territory and on a Single Enquiry Basis, solely for the Permitted Use during the term of this Agreement.
4.2 The licence granted under clause 4.1 includes the right to download, store internally, and process Output Data within the Client's own systems strictly for the Permitted Use, subject always to the restrictions in clauses 5 and 7.
4.3 The Client acknowledges that the Data is licensed to Chern & Co by a third-party Data Provider and that the Client’s rights are derivative of, and limited by, the upstream licensing terms agreed between Chern & Co and this Data Provider.

5. RESTRICTIONS AND PROHIBITED ACTIVITIES

5.1 The Client shall not, and shall not permit any third party to:
5.1.1 sell, sublicense, transfer, distribute, or otherwise make available any part of the Data, the Output Data, or the Derived Database (or any results, output, or materials derived from them) to any third party;
5.1.2 access, attempt to access, request, or attempt to obtain the Data in its Raw Format, or attempt to extract Data in bulk by means of scraping, automated download, reverse engineering, or any similar method;
5.1.3 use the Data, the Output Data, or the Derived Database to produce, license, create, or supply any credit report, credit score, credit limit, credit risk band, risk indicator, or any product or service which competes with the credit reporting services of the Data Provider;
5.1.4 incorporate the Output Data into any product or service that is sold, distributed, or otherwise made available to any third party;
5.1.5 download, request, or aggregate in excess of 200,000 Company Records (whether in a single request or in multiple requests) without the prior written consent of Chern & Co;
5.1.6 use the Data or Output Data relating to non-limited entities or sole traders to compile lists for telesales, telemarketing, or direct email campaigns, or to build a telephone or business directory;
5.1.7 use any personal data obtained via the Platform for direct marketing or other unsolicited communications;
5.1.8 use the Platform in a way that is unlawful, fraudulent, deceptive, or that infringes the rights of any third party;
5.1.9 interfere with or disrupt the integrity or performance of the Platform, or attempt to gain unauthorised access to it or to its related systems or networks;
5.1.10 input the Data, the Output Data, or the Derived Database into any AI System for the purpose of training, fine-tuning, or otherwise developing any model that will be made available to third parties, except for internal AI use that does not result in any external model output incorporating the Data;
5.1.11 do or permit anything which may unfairly or unlawfully damage the reputation or integrity of Chern & Co, the Data Provider, the Data, or the Services.
5.1.12 use of any automated system or software to extract data from the Platform (“screen scraping”).
5.2 Any breach of this clause 5 is a material breach which entitles Chern & Co to suspend or terminate access immediately, without prejudice to any other rights or remedies.

6. TERRITORIAL LIMITATIONS

6.1 Access to and use of the Platform is strictly limited to Clients operating within the Territory. The Client shall not establish a sales office or business operation outside the Territory that uses or relies on the Data, the Output Data, or the Derived Database.
6.2 Chern & Co may implement technical measures, including geolocation and IP filtering, to enforce this restriction. Any attempt to circumvent such measures is a material breach of these Terms.
6.3 The Client shall not transfer any personal data received via the Platform to a Third Country except where lawfully permitted under the Data Protection Legislation, and where appropriate safeguards (including the SCC, where applicable) are in place.

7. INTELLECTUAL PROPERTY RIGHTS

7.1 All Intellectual Property Rights in the Data, including any updates and refreshes thereof, remain the exclusive property of the Data Provider and its licensors. Nothing in these Terms transfers any ownership rights in the Data to the Client.
7.2 All Intellectual Property Rights in the Platform, the Derived Database, the Output Data structures, the proprietary analytical models, the user interface, and the Documentation are and remain the exclusive property of Chern & Co or its licensors.
7.3 Subject only to the licence expressly granted in clause 4, no other rights, express or implied, are granted to the Client. Any rights not expressly granted are reserved.
7.4 If the Client provides feedback, suggestions, or improvement ideas relating to the Platform, the Client grants Chern & Co a perpetual, irrevocable, worldwide, royalty-free licence to use such feedback for any purpose.

8. PRIVACY AND DATA PROTECTION

8.1 Each party shall comply with all aspects of the Data Protection Legislation at all times. The processing of personal data by the Platform is described in the Vedi Privacy Policy and Transparency Notice, which are incorporated into these Terms by reference.
8.2 Chern & Co and the Client each act as independent data controllers in respect of personal data processed in connection with the Platform. The Client is solely responsible for establishing a valid lawful basis under the Data Protection Legislation for accessing, using, downloading, and further processing any personal data obtained via the Platform, including data relating to directors, officers, beneficial owners, and other natural persons in their professional capacity.
8.3 The Client acknowledges that it is its duty to record and demonstrate the existence of its lawful basis for processing and shall provide such records to Chern & Co or the Data Provider upon request
8.4 As required by Article 14 of the EU GDPR, the Client is informed that professional data relating to business officers, shareholders, and beneficial owners is obtained by Chern & Co from official public registries and other lawful sources in accordance with applicable law.
8.5 The Client warrants that it shall maintain appropriate technical and organisational measures to protect the Data and any personal data accessed via the Platform from accidental or unlawful destruction, loss, alteration, or unauthorised disclosure or access. These measures shall, as a minimum, follow the principles of ISO/IEC 27001.
8.6 The Client shall notify Chern & Co without undue delay, and in any event without delay of becoming aware of any Personal Data Breach affecting personal data obtained via the Platform.
8.7 Where personal data made available via the Platform is to be transferred by the Client to a Third Country, the SCC and any equivalent UK transfer mechanisms shall apply, and the Client shall comply with all applicable transfer obligations under the Data Protection Legislation.
8.8 The Client is strictly prohibited from using personal data obtained via the Platform for direct marketing, profiling for marketing purposes, or any other unsolicited communications.
8.9 The Client is strictly prohibited from processing Output Data using any open-source AI System without the separate prior written consent of the Data Provider.
8.10 If the Client incorporates Output Data into any AI System, it must ensure the data is encrypted using at least Advanced Encryption Standard (AES) with a minimum 256-bit key.

9. FEES, PAYMENT, AND TAXES

9.1 The Client shall pay the Fees applicable to the selected subscription plan, as displayed on the Vedi website at the time of registration or order, or as set out in any applicable Order Form. Fees are quoted in Euro and are exclusive of VAT, which will be charged at the applicable rate.
9.2 Each subscription plan provides the Client with a specific allocation of Credits to be used for accessing Company Records and Output Data.
9.3 The Client acknowledges that each request for a report or specific data enquiry (a “Single Enquiry”) will result in the deduction of one or more Credits from the Client’s balance.
9.4 Depending on the selected plan, Credits are allocated as a fixed amount (e.g., annual or monthly bulk credits) and/or a recurring daily allowance (e.g., “1 new credit per day”).
9.5 Credits are valid only for the duration of the current billing cycle (monthly or annual). Any unused Credits at the end of a billing period or upon termination of the Agreement shall be forfeited and will not be carried over to any renewal period or subsequent subscription.
9.6 No refunds or credits will be provided for unused Credits.
9.7 Payment is processed through a third-party payment processor (Stripe). The Client authorises Chern & Co to charge the registered payment method for all Fees due in advance.
9.8 If any sum is overdue, Chern & Co reserves the right to:
(i) charge interest on overdue amounts at a rate of 4% above the European Central Bank's main refinancing rate, accruing daily;
(ii) immediately suspend access to the Platform and the use of any remaining Credits until payment is made in full; and
(iii) terminate this Agreement for non-payment on 7 days’ written notice.
9.9 Chern & Co may revise the Fees or Credit allocations from time to time. Any changes for existing subscriptions will be notified to the Client at least 30 days before the renewal date and will only take effect at the next renewal.

10. WARRANTIES AND DISCLAIMERS

10.1 Chern & Co warrants that the Services will be provided with reasonable skill and care. Chern & Co will use commercially reasonable efforts to make the Platform available 24/7, subject to scheduled maintenance and circumstances beyond its reasonable control.
10.2 THE DATA AND THE OUTPUT DATA ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. The Data is sourced from third-party public registries and licensors and may be incorrect, contain errors or omissions, be incomplete, or be out of date. Chern & Co does not warrant that the Data, the Output Data, or the Derived Database will be accurate, complete, current, or fit for any particular purpose.
10.3 The Client assumes sole responsibility for any decisions or conclusions drawn from the Data or Output Data, and for any actions taken (or not taken) in reliance on them. The Output Data is intended to support, not replace, the Client’s own due diligence, professional judgment, and risk assessment processes.
10.4 Nothing in the Output Data constitutes legal, accounting, tax, financial, or investment advice and does not create any professional advisor relationship between the Client and Chern & Co.
10.5 Except as expressly set out in these Terms, all warranties, conditions, and representations, whether express or implied by statute, common law, or otherwise (including any implied warranty of merchantability, satisfactory quality, or fitness for purpose), are excluded to the maximum extent permitted by law.

11. LIMITATION OF LIABILITY

11.1 Nothing in these Terms excludes or limits the liability of either party for:
(i) death or personal injury caused by negligence;
(ii) fraud or fraudulent misrepresentation; or
(iii) any other liability that cannot lawfully be excluded or limited.
11.2 Subject to clause 11.1, Chern & Co’s total aggregate liability arising out of or in connection with this Agreement, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, shall not exceed the total Fees paid by the Client to Chern & Co in the twelve (12) month period immediately preceding the event giving rise to the claim.
11.3 Subject to clause 11.1, neither party shall be liable for any:
(i) loss of profits, revenue, or anticipated savings;
(ii) loss of business, contracts, or goodwill;
(iii) loss or corruption of data;
(iv) loss arising from business interruption; or
(v) any indirect, special, or consequential loss, in each case howsoever arising.
11.4 The Client acknowledges and agrees that under no circumstances shall the Data Provider be held liable to the Client for any losses, damages, liabilities, claims, costs, actions, or other expenses suffered or incurred as a result of the use or provision of the Data.

12. INDEMNITY

12.1 The Client shall indemnify, defend, and hold harmless Chern & Co and its data licensors (including the Data Provider) and their respective parents, subsidiaries, affiliates, officers, employees, and agents from and against any and all actions, judgments, proceedings, liabilities, losses, costs, expenses, damages, claims, or demands (including reasonable legal fees) made by any third party or incurred or suffered as a result of:
(i) the Client's or any of its users' use of the Data, the Output Data, the Derived Database, or the Services;
(ii)any breach by the Client of these Terms;
(iii) any violation by the Client of any applicable laws or regulations in connection with this Agreement, the Data, or the Services.

13. AUDIT AND COMPLIANCE

13.1 The Client shall keep, in paper and electronic form, detailed, accurate, and up-to-date records showing its use of the Data and the Output Data, the steps taken by the Client to secure and protect the Data, and the steps taken by the Client to comply with these Terms (the “Records”). The Records must be sufficient to enable verification of the Client’s compliance with this Agreement.
13.2 The Client shall permit Chern & Co (and the Data Provider where required by Chern & Co's upstream licence) to inspect, on no less than 3 Business Days’ written notice and during Business Hours, the Records and any computer systems relating to the use or storage of the Data, for the purpose of auditing the Client's compliance with these Terms. Such audit rights shall survive for twelve (12) months following termination of this Agreement.
13.3 Chern & Co may insert and monitor selected Company Records within the Output Data delivered to the Client, and may track and trace the distribution and presence of such Company Records in the marketplace, in order to verify compliance with these Terms.
13.4 If an audit reveals a material non-compliance, the Client shall reimburse Chern & Co for the reasonable costs of the audit, without prejudice to any other rights or remedies.

14. TERMINATION AND DATA DELETION

14.1 Either party may terminate this Agreement on 30 days' written notice, such termination to take effect at the end of the then-current subscription term. Single Enquiry purchases are not subject to this notice period.
14.2 Chern & Co may suspend or terminate access to the Platform with immediate effect if:
(i) the Client breaches clauses 4, 5, 6, 8, or 9 of these Terms;
(ii) the Client fails to pay any Fees when due and remains in arrears for 14 days;
(iii) the Client becomes insolvent or enters into any form of liquidation, examinership, or receivership; or
(iv) Chern & Co is required to do so to comply with its obligations to the Data Provider or with applicable law.
14.3 Where Chern & Co terminates a business user’s access for any reason other than a serious or repeated breach of these Terms, Chern & Co will provide a statement of reasons at least 30 days in advance, in accordance with the P2B Regulation.
14.4 Upon termination, the Client shall, within 30 days, permanently delete or destroy all copies of the Data, the Output Data, and any materials derived from them. The Client may retain a single copy where strictly required for regulatory record-keeping purposes, provided that any such retained copy continues to be subject to the confidentiality and use restrictions in these Terms.
14.5 On request from Chern & Co, the Client shall promptly provide written certification, signed by a duly authorised officer, confirming compliance with clause 14.4.
14.6 Clauses 5, 7, 8, 10, 11, 12, 13, 14.4, 14.5, 16, and 17 shall survive termination.

15. COMPLAINT HANDLING AND DISPUTE RESOLUTION

15.1 Chern & Co operates an internal complaint-handling process in accordance with Article 11 of the P2B Regulation. Complaints may be submitted to [email protected] . Chern & Co will acknowledge receipt within 5 Business Days and aim to provide a substantive response within 20 Business Days.
15.2 Without prejudice to clause 15.3, the parties shall attempt to resolve any dispute arising out of or in connection with this Agreement by negotiation in good faith between authorised representatives.
15.3 If a dispute cannot be resolved within 30 days of being escalated, either party may refer the matter to mediation under the rules of a recognised Irish mediation body, or proceed to court under clause 17.

16. CONFIDENTIALITY

16.1 Each party shall keep confidential, and shall not use except for the purposes of this Agreement, all non-public information, in any form, disclosed by the other party (or by Chern & Co’'s data licensors) and identified or reasonably understood to be confidential. The obligations in this clause do not apply to information which is or becomes publicly available other than through breach of this Agreement, was lawfully known prior to disclosure, or is independently developed.
16.2 The Client acknowledges that the structure, organisation, and content of the Derived Database, and any non-public technical information about the Platform, constitute confidential information of Chern & Co.

17. THIRD-PARTY RIGHTS

17.1 Nothing in this Agreement is intended to, or shall, confer any right or benefit on any third party under the Contracts (Rights of Third Parties) Act 1999 of England and Wales, or otherwise.

18. GENERAL

18.1 Neither party shall be liable for any failure or delay in performance to the extent caused by events beyond its reasonable control, including acts of God, war, terrorism, civil unrest, strike, fire, flood, pandemic, governmental action, or interruption of essential utilities or telecommunications.
18.2 The Client may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of Chern & Co. Chern & Co may assign this Agreement to any group company or to any successor in connection with a corporate reorganisation, merger, or sale of business.
18.3 This Agreement constitutes the entire agreement between the parties in respect of its subject matter and supersedes any previous understandings, communications, or representations, whether written or oral. Nothing in this clause limits liability for fraudulent misrepresentation.
18.4 Save as expressly provided in clause 2.5, no variation of this Agreement is valid unless made in writing and signed by, or on behalf of, each party.
18.5 If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
18.6 A failure or delay in exercising any right under this Agreement does not constitute a waiver of that right.
18.7 Any notice must be in writing and sent by email to [email protected] (for Chern & Co) or to the email address registered with the Account (for the Client), or by pre-paid first-class post to the registered office. Notices take effect on the next Business Day after sending.

19. GOVERNING LAW AND JURISDICTION

19.1 This Agreement and any dispute or claim arising out of or in connection with it (including non-contractual disputes or claims) are governed by and construed in accordance with the laws of the Republic of Ireland.
19.2 The parties irrevocably submit to the exclusive jurisdiction of the courts of the Republic of Ireland.

20. CONTACT DETAILS

Chern & Co Limited
Trading as Vedi
Registered in Ireland, company number 604324
Registered office: 18 Mallow Street, Limerick, V94 N12Y, Ireland
Email: [email protected]
Telephone: +353 1 485 4244
Website: https://vedi.ie/