Terms of Service

1. Acceptance of Terms

Welcome to OpenBiz.co.nz (the “Site”). By accessing or using this Site, you agree to be bound by these Terms of Service (the “Terms”). If you do not agree to these Terms, please do not use the Site.

OpenBiz reserves the right to modify these Terms at any time. Updated Terms will become effective immediately upon posting to the Site. Your continued use of the Site constitutes acceptance of the modified Terms.

2. Service Overview

OpenBiz.co.nz is a free business valuation tool website providing AI-powered valuation reports and appraisal reports for New Zealand small business owners, along with related educational content. The Site is not a marketplace or brokerage, does not participate in any business sale transactions, and assumes no liability for any transaction outcomes.

3. Use of the Tools

• The valuation and appraisal tools are provided free of charge and do not require an account.
• You are responsible for the accuracy of the financial data you enter or upload; data quality directly affects the usefulness of the results.
• You must not use the tools for any fraudulent, misleading, or unlawful purpose.
• We reserve the right to restrict abusive usage (such as automated bulk requests).

4. AI Valuations and Appraisal Reports

AI-generated valuations and appraisal reports produced by this Site are for reference purposes only. They do not constitute professional financial, legal, tax, or investment advice, and are not a formal registered valuation. Results are generated from the information you provide and industry-average multiples, and may differ significantly from actual market value. Always consult a chartered accountant, lawyer, or licensed business broker before making significant decisions.

5. Uploaded Content

• Financial documents you upload are used only for that extraction and are not stored permanently.
• Generated reports are saved so they can be accessed via a link; report links are unguessable random URLs — keep yours safe.
• Do not upload files containing other people’s private information or files you are not entitled to use.

6. Intellectual Property

• The design, text, graphics, software, and other content of this Site are protected by intellectual property law.
• You may freely download and share the reports you generate.
• Unauthorised reproduction, modification, or distribution of any part of the Site is prohibited.

7. Limitation of Liability

This Site is provided on an “as is” basis. OpenBiz makes no warranties regarding the availability, accuracy, or completeness of the Site. To the maximum extent permitted by law, OpenBiz shall not be liable for any direct, indirect, incidental, or consequential damages arising from the use of this Site.

8. Dispute Resolution

These Terms are governed by the laws of New Zealand. Any dispute arising from these Terms shall first be resolved through good-faith negotiation. If negotiation fails, disputes shall be submitted to a New Zealand arbitration body or the relevant court of jurisdiction.

9. Contact Us

• Email: info@openbiz.co.nz
• Location: Auckland, New Zealand