Terms & Conditions

Last Updated on January 24, 2019

1. Acceptance of Terms

This User Agreement (the “Agreement’’) specifies the Terms and Conditions for access to and use of the Nitsova™ website: nitsova.com (the “Site’’) and all its sub-domains, including the Referral Program website: nitsova.com/pisys (the “Referral Program Site’’).
This Agreement may be modified at any time by Nitsova upon posting of the modified agreement.
Any such modifications shall be effective immediately. The website is provided by Nitsova™.
By using this website and related services (“Site”) and (“Referral Program Site’’), you are deemed to have read and agreed to be legally bound by the following Terms and Conditions (“Terms”) of this Agreement.
When using any other Nitsova services, you are subject to any published guidelines or rules that may apply to such services.
All such guidelines and rules applicable to such services are hereby incorporated by reference in the Terms. If you have any questions about the Agreement, you may contact us at ask@nitsova.com.

2. Description of Service

Enables its Referral Program Members and Customers (users of the Nitsova Personal Finance Web App) to sell Nitsova products and services or refer other Customers to Nitsova to purchase Nitsova products or services. Nitsova’s Referral Program Members may use their own website or blog or channel to introduce others to the Nitsova Referral Program. Additionally, Nitsova provides its Referral Program Members with a web-based Account Center. This provides the Referral Program Members with access to personal information such as their passwords, personal information, history and statistics about their earnings and team information. This account center also provides access to the Nitsova dot com site, which sells access to the Nitsova Personal Finance Web App which is the Product. Unless specifically stated otherwise, any new features that enhance or modify the current service shall also be subject to these Terms. Each use of this service by you shall constitute and is deemed to be your unconditional acceptance of this Agreement.

3. User Account, Password, Security, and Termination

Referral Program Members will log in using their existing Username and Password that is stored and managed in the Personal Account at the nitsova.com/pisys website. Retail customers registering directly on the nitsova.com website will receive a password and account designation upon completing the Site’s registration process. You are responsible for maintaining the confidentiality of your password and account, and are fully responsible for all activities that occur under your password or account. You agree to (a) immediately notify Nitsova of any unauthorized use of your password or account or any other breach of security, and (b) ensure that you exit from your account at the end of each session. Nitsova cannot and will not be liable for any loss or damage arising from your failure to comply with Section 3.

You agree that Nitsova, at its sole discretion, may terminate your password, account (or any part thereof) or use of the Site, and remove and discard any content you may have contributed to the Site, at any time for any reason. Nitsova may also, at its sole discretion and at any time, discontinue providing the Site, or any part thereof, with or without notice. You agree that any termination of your access to the Site under any provision of this Agreement may be effected without prior notice, and acknowledge and agree that Nitsova may immediately deactivate or delete your account and all related information and files in your account and/or bar any further access to such files of the Site. Further, you agree that Nitsova shall not be liable to you or any third party for any termination of your access to the Site. Should you object to any terms and conditions of the Agreement or become dissatisfied with the Site in any way, your only recourse is to immediately discontinue your use of the Site and/or terminate your account.

4. Privacy Policy

Your privacy is very important to Nitsova. Users of this Site should refer to our Privacy Policy for information about how Nitsova collects and uses personal information. By accepting this Agreement, you expressly consent to the disclosure and use of your personal information by Nitsova (including using email to communicate with you) as described in the Privacy Policy.

5. Use of Content

Nitsova grants permission to access and view the Site and to electronically copy and print in hard copy portions of the Site for the sole purpose of doing business as a Referral Program Member. Any other use of the Site or the content, in whole or in part, without permission of the applicable rights holder is strictly prohibited, including without limitation: modification, re-publication, deletion, transmission, public performance, distribution, proxy caching, uploading, posting, reproduction for purposes other than those noted above, or other similar unauthorized exploitation of the Site or the content. If you violate any of the above, you could be subject to criminal prosecution as well as personal liability for damages in a civil suit. Nitsova will protect its interests to the fullest extent of the law.

You acknowledge and agree that Nitsova may preserve the content and may also disclose the content if required to do so by law or in the good faith and belief that such preservation or disclosure is reasonably necessary to: (i) comply with legal process; (ii) enforce the Agreement; (iii) respond to claims that any content violates the rights of third parties; or (iv) protect the rights, property, or personal safety of Nitsova , its users, and the public.

You acknowledge and agree that you will use this Site and any products ordered on this Site at all times in accordance with all applicable federal, state/provincial/territorial and local laws, statutes, regulations, ordinances, and international laws and will not take any action that harms or violates the rights of any person or entity.

6. Restrictions of Use of Site

a. Proprietary Rights.
The Site contains information, text, data, photographic images, designs, logos, graphics, and other materials and effects that are protected by copyrights, trademarks, service marks, trade dress, or other intellectual or proprietary rights owned by Nitsova, its affiliates, or other third parties. You agree that these rights belong to their respective owners and are protected in all forms, media, and technologies existing now or hereinafter developed. The Nitsova logo and web/product service names are also likewise protected. You may not use or distribute any content received through the Site without the authorization of the content owner, except for uses permitted by law. You agree not to publish, reproduce, copy (in whole or in part), upload, download, post, email, sell, or otherwise distribute content available through the Site, including code and software, in violation of applicable copyright and other intellectual property laws. You agree not to use, display, or “mirror” any of the content on this Site in any manner without first obtaining written permission from the owner of the intellectual property and Nitsova.

b. Intellectual Property.
You retain all ownership rights to your content. However, by submitting content to Nitsova, you grant Nitsova a perpetual, worldwide, non-exclusive license to use, reproduce, distibute, and display your content in accordance with our non-exclusive license agreement.

You acknowledge and agree that the Site and any software used in connection with the Site (“Software”) contain proprietary and confidential information that is protected by applicable intellectual property and other laws. You agree not to modify, rent, lease, loan, sell, distribute, or create derivative works based on the Site or the Software, in whole or in part.

The intellectual property rights in or relating to the content of any notes, messages, emails, postings, letters, ideas, suggestions, concepts, or other written materials that you submit or communicate to Nitsova (excluding the content which is not intellectual property) will automatically be deemed to be assigned, granted and transferred by you to Nitsova upon their submission or communication to Nitsova, and you agree that the same will automatically become the property of Nitsova and that Nitsova shall be entitled to use, exploit, copy, publish, implement, transfer, and in all other ways deal with such materials and all of the intellectual property rights therein in any way and for any purpose Nitsova may elect, forever.

c. Online Conduct.
By using this Site, you agree to be subject to all applicable local, state/provincial/territorial, federal and international laws. You agree not to use this Site or any of the contents contained herein for any illegal purpose nor to transmit to or through this Site any material that is illegal, harmful, threatening, defamatory, obscene, hateful, or otherwise objectionable, or to interfere with, abuse, or otherwise violate the legal rights of any third party using the Site (including by using any products, merchandise, or the services offered on or in connection with the Site). You specifically agree not to:

1. Upload, download, post, email, or otherwise transmit any materials, including but not limited to text, data, photos, graphics, or any of these elements in combination as a design for products available on this Site or otherwise (“Content”) that is illegal, harmful, threatening, abusive, harassing, defamatory, vulgar, obscene, pornographic, indecent, inflammatory, libelous, tortuous, hateful, or invasive of another’s privacy (including but not limited to rights of celebrity, privacy, and intellectual property), or racially, ethnically, or otherwise deemed objectionable at Nitsova’s sole discretion.
2. Harm minors in any way. The Nitsova website is not designed for or targeted at children. We do not knowingly collect, use, or disseminate any personally identifiable information from children under the age of 18.
3. Impersonate any person, entity, corporation, or government, or falsely state your association with said person or entity.
4. Disguise the origin of any content transmitted through the service.
5. Upload, post, email, or otherwise transmit any content that:
a. You do not have the right to transmit under any law or any contractual or fiduciary relationships.
b. Infringes any patent, trademark, trade secret, copyright, or other proprietary rights of any party. By uploading or downloading any content, you represent and warrant that you have the lawful right to reproduce and distribute such content and that the content complies with all applicable local/state/ provincial/territorial, federal, and international laws, regulations, and ordinances.
c. Would constitute or encourage a criminal offense, violate the rights of any party, or otherwise create liability or violate any local, state/provincial/territorial, national, or international law.
d. Is unsolicited or unauthorized advertising, promotional materials, junk mail, spam, chain letters, or any other form of solicitation.
e. Contains software viruses or any other computer code, files, or programs designed to interrupt, interfere with, destroy, or limit the functionality or service of any computer software or hardware, servers, networks, or telecommunications equipment
6. Act in any way that would negatively affect other users’ ability to engage in real-time exchanges.
7. Access, tamper with, or use non-public areas of the Site. Unauthorized individuals attempting to access these areas of the Site may be subject to prosecution.
8. Frame or link to the Site except as permitted in writing by Nitsova.

7. Copyright and Trademark Policy

Nitsova respects the intellectual property rights of others. We ask our users to do the same. Nitsova may terminate the accounts of users who appear to infringe the copyright or other intellectual property rights of others.

8. Warranty of Ownership and Non-Infringement

You represent and warrant that you are the owner of the content that you submit and that the content does not infringe upon the property rights, intellectual property rights (copyrights and trademarks), or other rights of others. You also represent that there are no outstanding disputes in connection with the property rights, intellectual property rights or other rights, in the content or any parts of the content.

9. Disclaimer and Limitation of Liability

This site and its contents are provided “as is” and “as available” without any warranty or representations of any kind, whether express or implied. Nitsova is a distributor and not a publisher of the content supplied by third parties and users of the site if any; as such, Nitsova exercises no editorial control over such content and makes no warranty or representation as to the accuracy, reliability, or currency of any information, content or service provided through or accessible via the site. Without limiting the foregoing, Nitsova specifically disclaims all warranties and representations as the publisher of any content transmitted on or in connection with the site or on sites that may appear as links on the site. No oral advice or written information given by Nitsova or by any of its affiliates, employees, officers, directors, agents, or the like shall create a warranty. Price and availability of information is subject to change without advance notice.

Your use of the site and its contents is at your own risk. Neither Nitsova nor any of its affiliates or other parties involved in creating and delivering the site, or the service, or any products provided as a part of, or otherwise in connection with, the site, will be liable for any compensatory, direct, indirect, or consequential damages; loss of data, income, or profit; loss of or damage to property; or any claims of third parties arising from use of the site, regardless of the legal theory on which the claim is based, and even if advised of the possibility of such damages, including without limitation any damages arising out of reliance by the user on information obtained from Nitsova or the site, or for damages that result from any mistake, omission, virus, delay in operation, interruption in service, or failure of performance, whether or not resulting from an act of God, communications failure, theft, or unauthorized access to Nitsova’s records or the site. Some states/provinces/territories do not allow the exclusion or limitation of liability of consequential or incidental damages, so the above exclusions may not apply to you; in such states/provinces/territories, liability is limited to the fullest extent permitted by law.

10. Indemnification

You agree to indemnify and hold Nitsova and its subsidiaries, affiliates, officers, partners, owners, and employees harmless from any claim or demand, including reasonable attorneys’ fees, expert witness fees, and costs of litigation made by any third party due to or arising out of your use of the service, use of your account by any third party, the violation of the terms and conditions of use by you, or the infringement by you or any third party using your account of any intellectual property or other right of any person or entity.

11. No Resale

You agree not to reproduce, duplicate, copy, sell, resell, or exploit, for any commercial purposes, any portion of the Site, use of the Site, or access to the Site without Nitsova’s express written consent.

12. Dispute Resolution

This Site is controlled by Nitsova which is headquartered in Hong Kong. Any and all disputes regarding, or related to, this Agreement, and all other documents incorporated herein, shall be governed and construed in accordance with the laws in the State of Hong Kong, and shall be resolved by binding arbitration administered by the Hong Kong International Arbitration Center (“HKIAC”) and conducted under its rules; the arbitration proceeding shall be held in Hong Kong. The arbitration shall be conducted before a single arbitrator, and shall not be conducted on a class-wide, class-action, or multiple-complaining-party basis. The prevailing party shall recover its attorneys’ fee and costs from the losing party.

13. Third-Party Dealings

The Site may contain links to other websites, content, or resources. These linked Sites are not under the control of Nitsova and therefore Nitsova is not responsible or liable for any content, advertising, products, services, or other matters on or available from such sites or resources from such advertisers or third parties; you agree that you shall not seek to recover any damages, whether at law or in equity, from Nitsova arising out of, or related to, any such third parties or other companies. Your communications or business dealings with, or participation in promotions of, advertisers or other third parties found on or through Nitsova are between you and such advertisers or third parties. You agree that Nitsova shall also not be responsible or liable for any loss or damage of any kind related to such dealings with advertisers or third parties.

14. Security

You agree not to violate or attempt to violate the security of this Site, including without limitation (a) accessing data that is not intended for your use; (b) logging on to a server or account that you are not authorized to access; (c) probing, scanning, or testing the vulnerability of any system or network related in any way to the Site without proper authorization; (d) breaching security or authentication measures without proper authorization; (e) interfering with service to any host, network, other user, including without limitation sending ©2019 Nitsova TM unsolicited email, flooding, spamming, mail bombing, or crashing; (f) sending promotions and/or advertising products or services; or (g) attempting to do any of the preceding.

15. General

If any provision of these terms is held by a court of competent jurisdiction to be contrary to law, then such provision(s) shall be construed, as nearly as possible, to reflect the intentions of the parties, with all other provisions remaining in full force and effect. If Nitsova fails or declines to enforce any right or provision in these terms, it shall in no circumstance constitute a waiver of such right or provision unless acknowledged and agreed to by Nitsova in writing. The terms comprise the entire agreement between you and Nitsova and supersede all prior or contemporaneous negotiations, discussions, or agreements, if any, whether written or oral, between the parties regarding the subject matter contained herein. Your use of the Site is subject to the additional disclaimers that may appear throughout the Site. If you violate these terms, Nitsova reserves the right to terminate your access to the Site and related services without notice.

Referral Program Specific Terms


1. This program is based on a real product - the personal finance web app - and we have a Live demo that the public can access through nitsova.com.

2. Our prices aren't inflated.

3. Participants in the program don't pay any fee in return of which they receive the right to sell products or recruit members.

4. They are not allowed to purchase any product provided by Nitsova.

5. They are not allowed to pressure other members to buy any product provided by Nitsova

6. They never get paid for recruiting other members.

7. Their only earnings are generated through actual sales to real external customers (who don't participate in the program).

8. This program doesn't involve continuous sponsoring: any participant needs to refer a few customers and sponsor a few people who are eager to become members, and he/she will start earning a decent amount each month on auto-pilot.

9. These rules and practices prove that our program can't be a pyramid scheme or a ponzi scheme.

For more info we advise you to check the FTC's website:

- Pyramid and Ponzi schemes

- Business Guidance Concerning Multi-Level Marketing

10. You agree not to make any claims regarding sales, unless you have proof of such claims.

11. You must have a valid email address, and you agree to notify us if your email address changes.

12. This site is provided on an as is, as available service. We make no warranties of any kind, either expressed or implied.

13. Under no circumstances, including negligence, shall we, or anyone else involved in creating, producing or distributing this service, be liable for any direct, indirect, incidental, special or consequential damages that result from the use of, or inability to use these products or services, and all the files and software contained within it, including, but not limited to, reliance on any information obtained through this service; or that result from mistakes, omissions, interruptions, deletion of files or e-mail, errors, defects, viruses, delays in operation, or transmission, or any failure of performance, whether or not limited to acts of God, communications failure, theft, destruction or unauthorized access to our records, programs or services.


The following actions may result in the immediate termination of your membership without recourse and should NOT be done:

(a) sending unsolicited email messages (spam). If you participate in spam on behalf of ANY product or service, you are not eligible!

(b) posting messages that contain your affiliate link in Newsgroups that are unrelated to that product or service.

(c) forging your "From" Address in an email message, or newsgroup posting.

15. We reserve the right to add or delete material within this site, and otherwise make changes to the service and this agreement without notice.

16. We may terminate without notice, at our sole discretion, any membership deemed to be in breach of this agreement or otherwise found to be abusing or misusing the service, or harassing other members or administrator in any way. Members must conduct themselves in a respectful manner to other members and refrain from negative comments of other members, groups or their systems.

17. In the unlikely event that this program should ever terminate it's operations, it's creator, operators, employees, assigns and successors shall not be held liable for any loss whatsoever to our members or affiliates.

18. Sites and individuals involved with the following activities are NOT ELIGIBLE: selling, providing or linking to unlicensed content, pornography, warez, pirated software, hacking, or any materials endorsing violence, hatred, revenge, racism, victimization, or criminal activity.

19. We make no claims on how much money you can make with our program. Your ability to earn depends on a number of factors, including where and how (and how often) you advertise the program, and the motivation and ability of those in your team, to make sales. Individual results will vary.

20. Members caught spamming or otherwise causing harm to our program will have their accounts terminated, and may be prosecuted for their actions. We will investigate all allegations before taking action.

21. Customers pay for the product and commissions are calculated according to the advertised compensation system.

22. You understand your role as a member does not constitute a partnership, or employer / employee relationship, and Members are considered independent contractors, and as such, you are responsible for your own bookkeeping, taxes, and reporting, where applicable.

23. You agree to accept email, text or other updates regarding our program. We will never inundate you with emails or spam.

24. Members may will or pass on their membership to their heirs.

25. Cross-recruiting other members to switch, cancel or otherwise join with you or your group is strictly forbidden.