Legal

Privacy Policy

Introduction

Birel ("Birel", "we", "our", or "us") provides pre-deal verification infrastructure designed to help counterparties establish transaction readiness before sensitive engagement begins.

This Privacy Policy explains how information may be processed when users access the platform, submit materials for verification workflows, or interact with Birel services.

Birel is designed around principles of minimal exposure, controlled processing environments, and limited data persistence.

Scope of the Platform

Birel is not a broker, escrow agent, transfer agent, law firm, investment advisor, compliance provider, or due diligence service.

The platform is intended solely to support structured pre-deal qualification workflows between counterparties in private market transactions.

Birel does not determine legal ownership, validate enforceability of assets, confirm transaction legitimacy, or guarantee transaction outcomes.

Information Submitted Through Verification Workflows

Users may voluntarily submit materials related to transaction qualification workflows, including:

• proof of funds,
• ownership-related documentation,
• allocation or mandate confirmations,
• LP commitment materials,
• investment approval documentation,
• or other transaction readiness materials.

Submitted materials are processed for structural verification purposes only.

Depending on workflow configuration, the system may evaluate:

• document category consistency,
• required field presence,
• metadata consistency,
• document recency,
• basic cross-field validation,
• or workflow completeness.

Transient Processing Principles

Birel is designed to minimize unnecessary persistence of submitted materials.

Verification workflows are intended to operate within controlled processing environments where documents are processed for active verification purposes and are not intended to remain broadly accessible after verification workflows complete.

Counterparties do not receive direct access to each other's uploaded materials unless independently shared outside the platform.

Under standard automated workflows, Birel personnel are not intended to manually review submitted documents.

AI Processing

Certain workflows may utilize automated AI-assisted systems to evaluate structural document characteristics and workflow consistency.

AI systems are intended to operate in inference-based workflows only.

Submitted materials are not intended to be used for:

• model training,
• external dataset generation,
• behavioral profiling,
• or unrelated commercial purposes.

Birel does not represent that automated systems are error-free, complete, or capable of determining legal or factual truth.

Data Retention

Birel aims to minimize unnecessary storage of sensitive materials.

Certain operational metadata, system logs, verification status records, security events, or workflow records may be retained for operational integrity, fraud prevention, legal compliance, service improvement, or audit-related purposes.

Retention periods may vary depending on infrastructure, security requirements, legal obligations, and platform configuration.

Security

Birel utilizes commercially reasonable administrative, technical, and organizational measures intended to reduce unauthorized access, misuse, disruption, or disclosure.

Security measures may include:

• encrypted transmission,
• isolated processing environments,
• controlled access systems,
• workflow monitoring,
• and infrastructure-level security controls.

However, no digital system, infrastructure, or transmission environment can be guaranteed fully secure.

Users acknowledge that use of the platform involves inherent technological and cybersecurity risks.

Third-Party Services

Birel may rely on third-party infrastructure providers, cloud services, payment processors, analytics providers, authentication systems, or communication services.

Such providers may process limited operational information as necessary to support platform functionality.

Use of third-party services remains subject to their respective policies and operational practices.

User Responsibilities

Users remain solely responsible for:

• the legality of submitted materials,
• obtaining necessary permissions,
• conducting independent due diligence,
• validating counterparty legitimacy,
• and complying with applicable laws, contractual obligations, and confidentiality requirements.

Birel does not replace legal, financial, compliance, tax, or investigative review.

Changes to this Policy

Birel may modify or update this Privacy Policy from time to time as the platform evolves.

Continued use of the platform following updates constitutes acceptance of the revised policy.

Terms of Use

Acceptance of Terms

By accessing or using Birel, users agree to comply with these Terms of Use.

If a user does not agree with these Terms, the platform should not be accessed or used.

Nature of the Service

Birel provides infrastructure intended to support structured pre-deal qualification workflows in private market transactions.

The platform may facilitate verification-related workflows involving transaction readiness materials submitted by counterparties.

Birel does not:

• broker transactions,
• negotiate transactions,
• introduce counterparties,
• custody assets,
• provide investment advice,
• conduct legal due diligence,
• verify enforceable ownership,
• authenticate signatures,
• or guarantee transaction outcomes.

All transaction decisions remain solely between counterparties.

Permitted Use

Users may use the platform only for lawful business purposes related to transaction qualification workflows.

Users agree not to:

• submit fraudulent materials,
• impersonate individuals or institutions,
• misuse verification workflows,
• attempt unauthorized access,
• interfere with platform operations,
• reverse engineer platform systems,
• or use the platform for unlawful activity.

Birel reserves the right to suspend, restrict, or terminate access at its discretion where misuse, abuse, fraud, or security concerns are suspected.

Verification Limitations

Verification results are informational workflow outputs only.

Verification status does not constitute:

• legal validation,
• ownership certification,
• proof of authenticity,
• investment approval,
• compliance approval,
• or confirmation of transaction legitimacy.

Users remain responsible for independent verification, legal review, financial diligence, and counterparty assessment.

Intellectual Property

All platform content, workflows, branding, infrastructure, software, and related materials remain the property of Birel or its licensors.

Users may not reproduce, distribute, modify, sublicense, or commercially exploit platform materials without prior authorization.

Availability

Birel does not guarantee uninterrupted platform availability, continuous operation, or error-free functionality.

Platform functionality may evolve, change, be modified, suspended, or discontinued at any time.

Fees

Certain services or workflows may require payment.

Pricing, subscription structures, pilot access terms, and enterprise functionality may change over time.

Unless otherwise stated, fees are non-refundable.

Limitation of Liability

To the maximum extent permitted by law, Birel shall not be liable for:

• transaction losses,
• failed transactions,
• investment losses,
• inaccurate submissions,
• user misconduct,
• data loss,
• indirect damages,
• consequential damages,
• reputational harm,
• lost profits,
• or business interruption.

Users access and use the platform at their own risk.

Governing Principles

These Terms shall be interpreted in accordance with applicable laws and commercial reasonableness principles.

Additional jurisdiction-specific provisions may apply depending on future operational structure.

Non-Reliance & Liability Disclaimer

Informational Verification Only

Birel provides structured workflow infrastructure intended to support preliminary counterparty qualification and transaction readiness assessment.

Verification outputs are informational signals only and should not be interpreted as legal, financial, regulatory, or factual determinations.

Birel does not certify:

• ownership validity,
• legal enforceability,
• source of funds,
• authenticity of submitted materials,
• transaction legitimacy,
• counterparty solvency,
• or future transaction performance.

No Professional Advice

Nothing provided through the platform constitutes:

• legal advice,
• investment advice,
• accounting advice,
• compliance advice,
• tax advice,
• or professional due diligence.

Users should consult independent professional advisors before relying on any transaction-related information.

No Transaction Guarantee

Use of Birel does not guarantee:

• successful transaction completion,
• capital availability,
• transaction enforceability,
• counterparty honesty,
• or execution certainty.

Verification workflows are intended solely to reduce certain forms of preliminary information asymmetry.

AI & Automation Disclaimer

Certain verification workflows may involve automated or AI-assisted systems.

Automated systems may produce inaccurate, incomplete, inconsistent, or incorrect outputs.

Users acknowledge that:

• automated verification has technical limitations,
• uploaded materials may contain inaccuracies,
• workflows may fail to detect fraud or manipulation,
• and no automated process can determine absolute factual truth.

Users remain solely responsible for independent diligence and verification.

Enterprise & Security Roadmap Disclaimer

References to enterprise infrastructure, compliance planning, audit frameworks, SOC certification initiatives, or future security features describe forward-looking development objectives only.

Unless explicitly stated otherwise, such features, certifications, or controls may not yet be implemented, completed, audited, or commercially available.

Assumption of Risk

Users acknowledge that private market transactions inherently involve:

• confidentiality risks,
• counterparty risks,
• fraud risks,
• cybersecurity risks,
• regulatory risks,
• and execution risks.

Use of Birel does not eliminate these risks.

Users assume full responsibility for their transaction decisions and counterparties.