Terms & Conditions
Last updated on May 28th 2025
For the purpose of these Terms and Conditions, The term "we", "us", "our" used anywhere on this page shall mean VULA TECHNOLOGIES PRIVATE LIMITED, whose registered/operational office is T-29A PLOT NO 88-91, Sector 19A, Haware Mall, NERUL, Navi Mumbai Thane MAHARASHTRA 400706 . "you", “your”, "user", “visitor” shall mean any natural or legal person who is visiting our website and/or agreed to purchase from us.
Your use of the website and/or purchase from us are governed by following Terms and Conditions:
Last Updated: June 27, 2025
Please read these Terms and Conditions ("T&C") carefully. By accessing or using the McLease.com platform (operated by Vula Technologies Private Limited), or by proceeding with any purchase, payment, order, or service engagement, you ("Customer" or "You") agree to be bound by these T&C. These T&C constitute a legally binding agreement between you and Vula Technologies Private Limited (hereinafter referred to as "McLease" or "We" or "Us").
Your access to and use of the Platform, including any purchases made or services engaged, signifies your irrevocable acceptance of these T&C. If you do not agree to these T&C, you must not use the Platform or engage in any transactions with McLease.
McLease operates as a digital marketplace and facilitator. While we strive to provide accurate Product and Service descriptions, specifications, images, and other information on the Platform or in marketing materials, such information is primarily based on data provided by the respective Manufacturers or service providers.
McLease (Vula Technologies Private Limited) expressly disclaims any and all warranties, express or implied, regarding the accuracy, completeness, reliability, or fitness for a particular purpose of any Product or Service descriptions. The Customer is solely responsible for verifying the accuracy of all information directly with the Manufacturer or by independent means before making a purchase or engaging a service. Any reliance on the Product and Service descriptions provided by McLease is at the Customer's own risk.
4.1. Order Acceptance: All orders placed by the Customer on the Platform are subject to acceptance by McLease. McLease reserves the unilateral right to accept or reject any order for any reason whatsoever in its sole discretion.
4.2. Payment: Payments for Products and Services shall be made through the online and offline payment methods offered by McLease. Payments are considered realized only upon successful deposit and clearance of funds into McLease's designated bank accounts.
4.3. Product Discount and Subsequent Financial Arrangements: Any "Product Discount" or similar promotional reduction indicated prior to finalization of a transaction pertains exclusively to the aggregate amount payable by the Customer over a predefined period, whether through installment payments, lease obligations, or other agreed-upon payment plans. Following the initial product acquisition by the Customer on the Platform, a representative of McLease shall contact the Customer to schedule a consultation. During this consultation, the terms of any potential Lease Agreement shall be thoroughly explained, including, but not limited to, the monthly lease amount, the duration of the lease term, and the specific conditions governing any Buy Back or Sell Back options. Upon mutual agreement and formalization of a Lease Agreement, McLease's back-end systems will activate a subscription product within the Customer's cart, enabling the issuance of regular (e.g., monthly) subscription invoices for lease payments. Such payments may be remitted by the Customer through the various online and offline payment methods offered by McLease.
4.4. Leasing Specifics: Lease arrangements, including "Zero Upfront Payment," "No CIBIL/CMR Check," and "Interest-Free Leasing" (where applicable), are subject to specific eligibility criteria, credit assessment by McLease (or its financing partners), and formalization via a separate, comprehensive Lease Agreement. The terms outlined in the Lease Agreement shall supersede any general promotional statements regarding financing flexibility.
5.1. ETC Issuance: McLease offers the ETC service through Smart Infra ETC Trust / Vula Technologies Pvt Ltd. An ETC is a digital certificate providing commercial and technical details about a machine, including its serial number and major component numbers. This service is generally offered for McLease's private label machines, other machines listed on the Platform, or machines from Manufacturers with whom McLease has a formal tie-up. McLease may, at its sole discretion, offer ETC issuance as a standalone service for other machines.
5.2. ETC Information Access: Machine configurations and details linked to an ETC can be searched on the McLease website using the machine serial number. Full access to detailed machine information is granted to the verified owner upon successful authentication (e.g., via OTP/password).
5.3. Benefits of ETC: The ETC facilitates various functions, including evaluating funding against a machine, planning for service/replacement, optimizing AMC/RAMC, tracking asset value, assisting in leasing, buy-back, sell-back, estimating residual value, and determining inherent cost price.
5.4. ETC for Additional Liquidity (Secondary Charge): If a Customer has purchased a machine via a traditional bank loan/NBFC finance, McLease may, at its sole discretion and subject to a formal agreement, provide additional liquidity to the Customer by taking a secondary charge on the machine, facilitated by the ETC. This additional liquidity may be provided as direct funding or in the form of raw material support (e.g., steel). This arrangement requires a separate, mutually agreed-upon financial agreement.
5.5. Disclaimer Regarding ETC and Liability: The issuance of an ETC by McLease or Smart Infra ETC Trust is solely for the purpose of asset identification, information management, and facilitating specific financial/service arrangements as described. The issuance of an ETC does not, under any circumstances, transfer or imply any product liability, warranty obligation, or service responsibility from the Manufacturer to McLease (Vula Technologies Pvt Ltd) or Smart Infra ETC Trust.
6.1. General Service Provision: McLease offers or facilitates various after-sales services, including AMC, RAMC, and a 15-Year Service & Spares Assurance. The specific scope, duration, and terms of these services will be outlined in separate service contracts or specific product documentation.
6.2. Manufacturer's Primary Responsibility: For all Products, the primary responsibility for product warranty, defects, and inherent quality rests solely with the Manufacturer. McLease's role in facilitating service is primarily as a coordinator or, for its private label machines, as a direct provider under defined service agreements.
6.3. 15-Year Service & Spares Assurance: This industry-leading assurance is specifically applicable to McLease's private label machines. The detailed terms, conditions, exclusions, and scope of this assurance will be provided in a dedicated service agreement at the time of purchase or service engagement. This assurance is subject to regular maintenance by the Customer as per manufacturer guidelines and adherence to the service agreement.
6.4. AMC & RAMC: Annual Maintenance Contracts (AMC) and AI-Powered Remote AMC (RAMC) are offered to ensure proactive maintenance and minimize downtime. The terms, coverage, pricing, and exclusions for these services will be detailed in separate AMC/RAMC agreements.
THIS SECTION IS CRITICAL. PLEASE READ IT CAREFULLY.
7.1. DISCLAIMER OF PRODUCT LIABILITY: McLease (Vula Technologies Private Limited) operates solely as a digital marketplace and facilitator for industrial machinery transactions and related services. McLease expressly disclaims any and all direct, indirect, express, implied, statutory, or any other product liability whatsoever for any machinery, equipment, components, spare parts, consumables, accessories, or any other goods sold, facilitated, or represented on its Platform.
The exclusive and ultimate product liability, including but not limited to liability for design, manufacturing defects, material defects, quality, performance, safety, merchantability, fitness for a particular purpose, or compliance with any standards, rests solely and entirely with the respective Original Manufacturer of the Product.
7.2. EXCLUSION OF DAMAGES: Under no circumstances shall McLease (Vula Technologies Private Limited), its directors, officers, employees, agents, affiliates, or any other party involved in creating, producing, or delivering the Platform or its contents, be held liable or accountable for any direct, indirect, incidental, consequential, special, punitive, exemplary, or any other actual or perceived loss, damage, or expense, including but not limited to:
This exclusion of liability applies regardless of whether McLease has been advised of the possibility of such damages.
7.3. MAXIMUM AGGREGATE LIABILITY: Notwithstanding any other provision in these T&C, the maximum aggregate liability of McLease (Vula Technologies Private Limited) under any and all circumstances, for any specific order or service engagement, regardless of the form of action, whether in contract, tort (including negligence), strict liability, or otherwise, shall not exceed the total order value actually paid by the Customer and received/deposited by McLease for that particular Product or Service. This limitation applies even if the Customer's remedies fail their essential purpose.
McLease reserves the unilateral and absolute right to cancel any order placed on its Platform for any reason whatsoever that McLease, in its sole discretion, deems fit. This right can be exercised at any time, even after payment realization. In the event of such a cancellation by McLease, one hundred percent (100%) of any amount previously paid by the Customer and received/deposited with McLease for that specific order shall be fully refunded to the Customer within a reasonable timeframe (e.g., 7-14 business days).
All content on the Platform, including text, graphics, logos, images, software, and the compilation thereof, is the property of Vula Technologies Private Limited or its suppliers and protected by intellectual property laws. The McLease name, logo, and related product/service names are trademarks of Vula Technologies Private Limited. Your use of the Platform does not grant you any right or license to use any trademarks without prior written consent.
The Customer agrees to indemnify, defend, and hold harmless McLease (Vula Technologies Private Limited), its affiliates, directors, officers, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, expenses (including reasonable attorneys' fees), arising out of or in any way connected with:
11.1. Governing Law: These T&C shall be governed by and construed in accordance with the laws of India, without regard to its conflict of law principles.
11.2. Jurisdiction: Any dispute or claim arising out of or in connection with these T&C, the Platform, Products, or Services shall be subject to the exclusive jurisdiction of the courts located in Mumbai, Maharashtra, India.
If any provision of these T&C is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such invalidity, illegality, or unenforceability shall not affect the remaining provisions of these T&C, which shall remain in full force and effect.
McLease shall not be liable for any delay or failure in performance resulting from causes beyond its reasonable control, including, but not limited to, acts of God, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, strikes or shortages of transportation facilities, fuel, energy, labor, or materials.
These T&C, together with any applicable Lease Agreements, Service Contracts, or specific Product purchase terms, constitute the entire agreement between the Customer and McLease (Vula Technologies Private Limited) pertaining to the subject matter hereof, and supersede all prior or contemporaneous agreements, understandings, communications, and proposals, whether oral or written.
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