This agreement shall be governed by, and construed in accordance with, English law.
Where you are a business it is hereby irrevocably agreed and accepted that the Courts of England and Wales
have exclusive jurisdiction to settle any claim, difference or dispute (including, without limitation, claims for
-off or counterclaims) which may arise out of or in connection with this agreement. Each party irrevocably
waives any right it may have to object to an action being brought in such Courts, to claim that the action has
been brought in an inconvenient forum, or to claim that such Courts do not have jurisdiction.
Where you are a Customer we may agree that the Courts of England and Wales may have non-exclusive
jurisdiction and we acknowledge that you may have rights to bring proceedings in your country of residence.
‘Agreement’—These Terms and Conditions and our Privacy Statement and Cookies Policy, together with any other
terms and conditions referred or linked to in these Terms and Conditions.
‘Commercial’—Pertaining to commerce and having either monetary or non-monetary gain as motive.
‘Customer’—An individual to whom the Consumer Contracts (Information, Cancellation and Additional Charges)
Regulations 2013 apply.
‘Content’—Any content and materials including the Works that appear on the Websites or which may be accessed by
or downloaded from the Websites or contained in Products.
‘Electronic Format’—Any format other than print, including those actuated by or as a result of analogue, digital,
electronic, compact disk, electrical, magnetic, optical, laser, acoustic, or any such similar technologies, and/or devices
accessed using personal computers, workstations, local area networks, wide area networks, intranets, the Internet, or
other dial-in access.
‘Extract’—An extract of less than 25 per cent of any constituent part of the Works.
‘IASB’—The International Accounting Standards Board.
‘IFRIC’—The International Financial Reporting Interpretations Committee.
‘Intellectual Property Rights’—Rights in copyright and related rights, moral rights, trade marks, business names and
domain names, get-up, goodwill, designs, computer software, database(s), confidential information (including know-how
and trade secrets), patents, inventions as well as the right to sue for passing off and/or unfair competition, and all other
intellectual property rights, in each case whether registered or unregistered and including all applications and rights to
apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or
equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
‘IFRS Standards’—The accounting standards and updates to those standards issued by the International Accounting
Standards Board under the titles International Accounting Standards, or IFRS Standards.
‘Licence Agreement’—A licence to be entered into between us and you regarding specific Products which we may
provide to you.
‘Official text’—The Works published by us or our licensees in printed or Electronic Format, which are endorsed and
published by the International Accounting Standards Board and/or IFRS Foundation and/or our agent(s).
‘Personal Use’—Use of the Websites and/or Content for User’s personal use only, and which is not Professional Use
or Commercial Use.
‘Products’—All products and services which are available for purchase via the Websites.
‘Prior Permission’ and ‘Prior Written Permission’—Permission from an authorised member of the IFRS Foundation’s
staff and includes but is not limited to:
a) permission contained on any webpage or document included within this Websites. Where the prior permission
is required to be in writing, it shall be in hard copy form and signed by an authorised signatory of the IFRS
Foundation’s staff; and/or
b) a permission contained in a Licence Agreement
‘Professional Use’—Use of the Websites and/or Content in a professional capacity in connection with the business of
providing accounting services to your customers or to the business in which you are employed as an accountant.
‘Taxonomy’—Taxonomy generally means a catalogue or a set of rules for classification; in XBRL, a taxonomy contains
computer-readable definitions of business reporting terms as well relationships between them and links connecting
them to human-readable resources. A typical taxonomy consists of a schema (or schemas) and linkbases; a set of
these files discoverable from one entry point schema is called discoverable taxonomy set, such as the IFRS Taxonomy.