"Karat is a personal inventory tool for physical jewellery. It is not a financial service, investment platform, or gold trading app."
1. Acceptance of terms
By downloading or using Karat ("the App"), you agree to these Terms and Conditions. If you do not agree, please do not use the App. These terms apply to all users of Karat, regardless of the version or platform.
2. What Karat is
Karat is a personal jewellery inventory application. It helps you record, organise, and track physical gold, silver, diamond, and other jewellery your household owns.
Karat is not:
- A financial service or investment platform
- A gold trading or digital gold app
- A valuation or appraisal service
- A regulated financial product of any kind
- A substitute for professional financial or legal advice
Gold price data shown in the App is for informational reference only. It does not constitute financial advice. Do not make financial decisions based solely on prices shown in Karat.
3. Eligibility
You must be at least 13 years old to use Karat. By using the App, you represent that you meet this age requirement. If you are under 18, you should use the App only with the knowledge and consent of a parent or guardian.
4. Your data and your responsibility
All jewellery data you enter into Karat is stored locally on your device and optionally backed up to your own Google Drive account. We do not hold, access, or control your inventory data.
You are responsible for:
- Remembering your PIN. If you forget your PIN, your encrypted vault cannot be recovered — we do not hold a copy of your decryption key.
- Maintaining your own backups. We recommend enabling Google Drive backup and keeping a secure note of your PIN.
- The accuracy of the data you enter. Karat stores what you tell it — it does not independently verify item weights, purities, or valuations.
- Keeping your device secure. Anyone with physical access to your unlocked device can access the App if it is not PIN-locked.
5. Gold price data
Live gold price data shown in the App is sourced from publicly available references and updated periodically. We make reasonable efforts to keep prices accurate, but we make no warranties about the accuracy, completeness, or timeliness of price data.
Prices shown in Karat are for personal inventory reference only. They are not quotes, bids, or offers to buy or sell gold at any price.
6. Permitted use
You may use Karat for personal, non-commercial jewellery inventory management. You agree not to:
- Reverse-engineer, decompile, or disassemble the App
- Use the App for any unlawful purpose, including fraud or money laundering
- Attempt to interfere with the App's operation or security features
- Use automated tools to scrape gold price data or any other content from the App
7. Intellectual property
The Karat name, logo, design, and underlying software are owned by The Software Factory and protected by applicable intellectual property laws. These terms do not grant you any rights to our trademarks or intellectual property beyond what is necessary to use the App.
The data you enter into Karat (your inventory records) belongs to you.
8. Disclaimer of warranties
Karat is provided "as is" without warranties of any kind, express or implied. We do not warrant that the App will be error-free, uninterrupted, or that any data stored in the App will be safe from loss.
To the maximum extent permitted by law, The Software Factory disclaims all warranties including merchantability, fitness for a particular purpose, and non-infringement.
9. Limitation of liability
To the maximum extent permitted by applicable law, The Software Factory shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of jewellery data, loss of profits, or financial loss arising from your use of Karat.
Our total liability to you for any claims arising from the use of Karat shall not exceed the amount you paid for the App in the twelve months preceding the claim (which is zero for free tier users).
10. Changes to the App and terms
We may update Karat and these Terms at any time. Significant changes to the Terms will be communicated via an in-app notice. Continued use of Karat after changes take effect constitutes acceptance of the updated Terms.
We may discontinue or modify features of the App at any time. We will make reasonable efforts to give advance notice of significant changes.
11. Governing law
These Terms are governed by the laws of India. Any disputes arising from these Terms or your use of Karat shall be subject to the exclusive jurisdiction of the courts in India.
12. Contact
Questions about these Terms? Write to us at thesoftwarefactory.team@gmail.com. We aim to respond within 5 business days.