GOVERNANCE PROTOCOL
Last Updated: May 29, 2026. These Terms & Conditions define the professional engagement standards and client governance structures of V2 Labs.
By engaging V2 Labs (“Studio”) for operational auditing, system design, background worker integration, cloud migration, or digital production, you agree to be legally governed by these Terms & Conditions.
Any specific projects, features, or customized scopes will be defined in a separate Statement of Work (SOW) or high-fidelity blueprint document which remains subservient to this legal framework.
We design, code, test, and deploy software products under agreed scope timelines. All deliverables are built against explicit technical benchmarks. Any change requests outside the initial blueprint scopes will be considered out-of-scope work and will initiate secondary fee assessments.
While we test systems under strict simulated spikes and database audits, V2 Labs does not guarantee third-party platform API up-times (such as Salesforce, HubSpot, or Zoho API endpoints) or third-party cloud infrastructure status.
Professional fees are set according to standard milestones outlined in our Statement of Work (SOW). Engagement triggers a strict billing lifecycle:
A non-refundable mobilization deposit is required to lock operational pipelines before any engineering or auditing starts.
Interim fees are invoiced upon deliverable hand-offs (e.g. database schema sign-offs or secure staging deployments).
Milestone invoices not remitted within 14 calendar days will incur a standard 1.5% late service charge per month.
Upon complete settlement of all agreed milestone payments, the custom codebase and bespoke graphic interfaces programmed specifically for your project transfer entirely to you.
V2 Labs retains ownership of any pre-existing software templates, internal framework modules, proprietary helper scripts, and atomic design elements developed in-house prior to the project start. We grant you an irrevocable, royalty-free, perpetual license to run, compile, and scale these foundational modules inside your product.
To ensure professional engineering pipelines run efficiently, the Client agrees to:
To the maximum extent permitted by applicable law, V2 Labs will not be liable for any indirect, incidental, special, consequential, or punitive damages. This includes but is not limited to:
Our total cumulative liability in any contract dispute will never exceed the total fee amount actually paid by the Client to V2 Labs for the specific deliverable under dispute.
Either party may terminate an active contract by providing 30 calendar days of written notice to the other party. Upon notice:
We reserve the right to suspend cloud servers, databases, or deploy tunnels if invoices remain unpaid for more than 30 calendar days past their due date.
These Terms & Conditions are governed by and construed in accordance with the laws of India, without giving effect to conflicts of law principles.
Any dispute, controversy, or claim arising out of these Terms of Engagement will be resolved through professional mediation in Mumbai, Maharashtra, India.
For inquiries, SOW blueprints, or contract clarifications, reach out directly to the V2 Labs legal operations desk:
Bhayandar East, Thane, Maharashtra, India