Terms of Service

Effective Date: April 20, 2026

1. Agreement to Terms

By engaging Venko Studio ("Studio," "we," "us," or "our") for services, you ("Client," "you," or "your") agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, please do not engage our services.

2. Scope of Services

The Studio provides iOS application development, Telegram bot development, and technical consulting services as outlined in individual project proposals or statements of work. The specific scope, deliverables, timeline, and fees for each engagement will be documented separately.

3. Payment Terms

3.1 Fees: All fees are quoted in USD unless otherwise specified. Fixed-scope projects require a 50% deposit before work begins, with the remaining balance due upon delivery. Hourly work is billed monthly.

3.2 Payment Schedule: Invoices are due within 14 days of receipt. Late payments may be subject to reasonable late fees.

3.3 Expenses: Any third-party costs (licenses, APIs, hosting) will be passed through at cost with prior written approval.

4. Intellectual Property

4.1 Ownership: Upon final payment, all deliverables, source code, and documentation created specifically for the Client become the Client's property.

4.2 Pre-existing IP: The Studio retains ownership of any pre-existing intellectual property, tools, or methodologies. Client receives a perpetual, non-exclusive license to use such materials as part of the deliverables.

4.3 Portfolio Rights: The Studio reserves the right to showcase the work in portfolio materials unless subject to a confidentiality agreement.

5. Confidentiality

Both parties agree to maintain the confidentiality of any proprietary or sensitive information disclosed during the engagement. This obligation survives termination of the agreement for a period of three (3) years.

6. Warranties and Disclaimers

6.1 Professional Standards: The Studio warrants that services will be performed in a professional and workmanlike manner consistent with industry standards.

6.2 No Other Warranties: EXCEPT AS EXPRESSLY STATED HEREIN, THE STUDIO PROVIDES SERVICES "AS IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

7. Limitation of Liability

IN NO EVENT SHALL THE STUDIO BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES. THE STUDIO'S TOTAL LIABILITY SHALL NOT EXCEED THE FEES PAID BY CLIENT FOR THE SPECIFIC SERVICES GIVING RISE TO THE CLAIM.

8. Termination

Either party may terminate the engagement with reasonable written notice. Upon termination, Client shall pay for all work completed up to the termination date. The Studio will deliver all work product in its current state.

9. Governing Law

These Terms shall be governed by the laws of Armenia without regard to conflict of law principles. Any disputes may be resolved through negotiation or, if mutually agreed, through arbitration in Yerevan, Armenia.

10. Contact Information

For questions about these Terms, please contact us at vladislav@venkostudio.com.