Terms of Service

Lodo Terms or Service

Lodo Terms of Service

Last Updated: December 15, 2024

Terms and Conditions

TABLE OF CONTENTS 1. Introduction and Agreement to Terms 2. Definitions 3. User Eligibility and Account Registration 4. General Platform Usage Terms 5. Financial Terms and Service Fees 6. Security Deposits, Refunds, and Disputes 7. Renter Obligations and Compliance 8. Provider Responsibilities and Compliance 9. Rental Process and Booking Policies 10. Late Fees, Penalties, and Vehicle Recovery 11. Insurance, Liability, and Damage Claims 12. Anti-Circumvention Policy and Enforcement 13. Fraud Prevention and Identity Verification 14. Data Privacy, Security, and Confidentiality 15. Regulatory and Legal Compliance (State, Federal, DOT, FMCSA) 16. Prohibited Activities and Misuse of the Platform 17. Intellectual Property and Trademark Protection 18. Indemnification and Limitation of Liability 19. Dispute Resolution and Arbitration Agreement 20. Termination, Suspension, and Account Closure 21. Governing Law and Jurisdiction 22. Amendments and Updates to Terms 23. Severability Clause 24. Force Majeure Clause 25. Contact Information

1. INTRODUCTION AND AGREEMENT TO TERMS

Welcome to DriveLodo.com (“Lodo,” “we,” “us,” or “our”). These Terms of Service (“Terms”) govern your use of Lodo’s platform and all related services.

By accessing or using Lodo, you acknowledge that you have read, understood, and agreed to these Terms. If you do not agree, you must cease use of the Platform immediately.

Lodo is a peer-to-peer commercial truck and equipment rental marketplace designed to facilitate vehicle rentals between Providers (truck owners) and Renters (truck users). Lodo does not own, lease, inspect, or manage any vehicles listed on the Platform and serves only as an intermediary facilitating transactions.

Lodo reserves the right to modify these Terms at any time without prior notice. Continued use of the Platform constitutes acceptance of any modifications.

2. DEFINITIONS

For the purposes of this Agreement: • “User” – Any individual or business registered on Lodo, including Renters and Providers. • “Renter” – A user who books and rents vehicles or equipment through Lodo. • “Provider” – A user who lists and rents out vehicles or equipment on Lodo. • “Deposit” – A refundable or forfeitable amount held as security for the transaction. • “Booking Fee” – A fee Lodo collects for facilitating transactions on the Platform. • “Anti-Circumvention” – The prohibition of off-platform dealings to avoid fees.

3. USER ELIGIBILITY AND ACCOUNT REGISTRATION

To access Lodo’s services, Users must: • Be at least 18 years old and legally eligible to engage in rental agreements. • Provide accurate personal, business, and payment information. • Verify their identity via government-issued ID and supporting documents. • Maintain a valid U.S. bank account for transactions.

Users who fail to meet eligibility requirements may be denied access or removed from the platform.

4. GENERAL PLATFORM USAGE TERMS

Users agree: ✅ Not to misrepresent themselves or use false information. ✅ Not to engage in fraudulent, deceptive, or illegal activities. ✅ Not to use Lodo for any purpose other than vehicle rentals. ✅ To abide by all federal, state, and local laws governing vehicle rentals.

Lodo reserves the right to restrict, suspend, or terminate any account for misuse.

5. FINANCIAL TERMS AND SERVICE FEES

5.1 Renters’ Fees • 10% booking fee (applies to all rentals). • $1,500 security deposit (held for damage claims). • Late fees apply for overdue rentals (detailed in Section 10).

5.2 Providers’ Fees • 10% booking fee deducted from rental income. • $5,000 refundable security deposit required. • Providers with 10+ trucks must submit a $10,000 deposit.

All transactions occur exclusively through Lodo’s payment system.

6. SECURITY DEPOSITS, REFUNDS, AND DISPUTES

6.1 Deposits • Deposits are refunded upon successful completion of the rental unless a dispute arises. • Deposit forfeiture occurs for policy violations, damage, or fraud.

6.2 Dispute Resolution • Users have 7 days to submit disputes related to fees, damages, or refunds. • Lodo investigates and issues resolutions within 5 business days.

7. RENTER OBLIGATIONS AND COMPLIANCE

Renters must: ✅ Return vehicles in the same condition they were rented. ✅ Maintain proper commercial insurance coverage. ✅ Comply with all Department of Transportation (DOT) regulations.

Renters may not: ❌ Sublease or share rented vehicles with third parties. ❌ Operate trucks without a valid CDL (if required). ❌ Disable GPS, kill switches, or vehicle tracking systems.

8. PROVIDER RESPONSIBILITIES AND COMPLIANCE

Providers must: ✅ Maintain trucks in safe, roadworthy condition. ✅ Provide accurate listings, disclosing all mechanical issues. ✅ Accept all bookings unless a valid reason is provided.

Providers may not: ❌ Cancel bookings unreasonably. ❌ List vehicles that are not legally operable.

9. RENTAL PROCESS AND BOOKING POLICIES

9.1 Booking Process 1. Renters request a vehicle. 2. Providers approve the request. 3. Renters pay in full before pickup. 4. Vehicle is returned and inspected. 5. Deposit is refunded (if no claims exist).

9.2 Cancellations • Renters who cancel within 24 hours receive no refund. • Providers who cancel without cause may forfeit their security deposit.

10. LATE FEES, PENALTIES, AND VEHICLE RECOVERY

Late fees apply as follows: • First 2 hours late: $50 per hour. • Beyond 2 hours: Full extra day charge. • More than 24 hours: Considered theft, law enforcement may be notified.

11. INSURANCE, LIABILITY, AND DAMAGE CLAIMS

Lodo is not responsible for damages, theft, or accidents. • Renters must maintain valid insurance for the rental duration. • Providers are responsible for their vehicle maintenance.

12. ANTI-CIRCUMVENTION POLICY AND ENFORCEMENT

Users may not: ❌ Exchange direct contact information before a booking is completed. ❌ Conduct off-platform rentals to avoid Lodo fees.

Violations result in: ✅ $5,000 penalty for Providers ✅ Permanent ban for repeated offenses

Lodo actively monitors communications to enforce this policy.

13. FRAUD PREVENTION AND IDENTITY VERIFICATION

Lodo is committed to maintaining the integrity and security of the platform by enforcing strict fraud prevention measures.

13.1 Identity Verification

To prevent fraud and unauthorized activity, Lodo requires: ✅ A valid government-issued ID (driver’s license, passport, or state ID) for all users. ✅ A matching payment method (credit/debit card or bank account) in the same name as the registered account. ✅ A proof of commercial insurance policy (for Renters) before renting a vehicle. ✅ A business entity verification for Providers operating as companies.

Failure to complete identity verification may result in account suspension or denial of service.

13.2 Fraudulent Activities Prohibited

Users are strictly prohibited from: ❌ Creating multiple accounts to evade restrictions. ❌ Using stolen or unauthorized payment methods. ❌ Providing false information about identity or rental purposes. ❌ Engaging in chargeback fraud or dispute abuse. ❌ Manipulating vehicle listings, reviews, or rental history.

Violators will be permanently banned, deposits forfeited, and legal action pursued.

14. DATA PRIVACY, SECURITY, AND CONFIDENTIALITY

14.1 Collection and Use of Personal Data

Lodo collects and stores personal data, including but not limited to: ✅ Name, contact information, and payment details. ✅ Government-issued ID and business documentation. ✅ Transaction and rental history. ✅ GPS tracking data (for vehicle security and fraud prevention).

14.2 Data Security Measures

Lodo implements strict security measures, including: 🔒 End-to-end encryption for transactions and sensitive data. 🔒 Multi-factor authentication (MFA) for account access. 🔒 Secure cloud storage with restricted personnel access.

Lodo does not sell or share user data with third parties except as required for payment processing, legal compliance, or fraud investigations.

NON-DISCLOSURE & CONFIDENTIALITY AGREEMENT (NDA)

By accessing, using, or registering on Lodo (“Platform”), you (“User”) agree to the following legally binding Non-Disclosure and Confidentiality Agreement (“Agreement”). This Agreement is irrevocable, legally enforceable, and binding upon User and any third party User may disclose to.

14.A1 Definition of Confidential Information

For the purposes of this Agreement, “Confidential Information” includes but is not limited to: • Lodo’s business model, pricing structures, commission rates, revenue model, and operational processes. • Platform design, user interface, proprietary data, and internal algorithms. • Identity of Lodo’s users, partners, service providers, and any non-public business relationships. • Marketing strategies, growth plans, supplier agreements, and investor relations. • Any non-public information shared through the platform, emails, discussions, or agreements.

User acknowledges and agrees that Lodo’s Confidential Information is proprietary and legally protected under U.S. and international trade secret laws.

14.A2 Non-Disclosure & Prohibited Actions

User irrevocably agrees to:

✔ Not disclose, share, reproduce, or distribute Confidential Information in any form (written, verbal, digital, or otherwise) to any third party, including but not limited to competitors, media, investors, or any entity intending to copy or replicate Lodo’s business. ✔ Not use Lodo’s Confidential Information to create, operate, or assist in the development of a competing business, marketplace, or platform in the trucking, vehicle rental, or logistics industry for a period of five (5) years from the last date of access to Lodo. ✔ Not circumvent, solicit, or attempt to establish direct business relationships with Lodo’s users, providers, or partners outside the Lodo platform for a period of five (5) years. ✔ Immediately notify Lodo in writing if the User becomes aware of any unauthorized disclosure or use of Confidential Information.

14.A3 Intellectual Property Protection & Legal Ownership

✔ All business processes, branding, algorithms, and platform functionality remain the exclusive property of Lodo. ✔ User acknowledges that Lodo’s proprietary methods and business model are trade secrets, and any unauthorized use is a direct violation of this Agreement. ✔ Any content, feedback, ideas, or improvements suggested by User related to Lodo become the exclusive property of Lodo without further compensation to the User.

14.A4 Penalties & Legal Consequences for Breach

If User violates this NDA, Lodo is entitled to pursue full legal action, including but not limited to:

✔ Immediate injunctive relief (court order stopping User from further disclosure or use). ✔ Minimum liquidated damages of $250,000 per violation, plus additional damages for lost profits. ✔ Recovery of all legal fees, court costs, and attorney expenses incurred by Lodo in enforcing this Agreement. ✔ Permanent ban from accessing Lodo, its platform, and all related services.

User acknowledges that unauthorized use or disclosure of Lodo’s Confidential Information would cause irreparable harm and agrees that monetary damages may be insufficient. Therefore, Lodo retains the right to pursue immediate legal remedies, including an emergency restraining order, temporary injunction, and seizure of assets.

14.A5 Survival of Agreement

This NDA remains in effect for five (5) years after the last date of User’s access to Lodo. Survival clauses, penalties, and Lodo’s rights remain enforceable indefinitely.

14.A6 Governing Law & Jurisdiction

✔ This Agreement is governed by the laws of the State of Maryland, United States. ✔ Any dispute, claim, or breach of this Agreement shall be resolved exclusively in the courts of Maryland. ✔ User waives any right to claim lack of jurisdiction or inconvenient forum.

14.A7 Binding Nature & No Waiver

✔ This Agreement applies to User, its employees, business partners, contractors, investors, affiliates, and any third party it shares information with. ✔ Failure to enforce any provision of this Agreement does not constitute a waiver of Lodo’s rights. ✔ Lodo may update this NDA at any time, and continued platform access constitutes acceptance of any updates.

Final Warning:

If you sign up for Lodo and then try to copy, replicate, disclose, or compete using its business model, you are legally liable under this NDA.

$250,000+ in penalties + full legal enforcement apply.

15. REGULATORY AND LEGAL COMPLIANCE (STATE, FEDERAL, DOT, FMCSA)

Lodo operates in compliance with: • Federal Motor Carrier Safety Administration (FMCSA) regulations • Department of Transportation (DOT) standards • State and local commercial vehicle laws • Data privacy laws, including the GDPR (if applicable to international users)

Providers and Renters must ensure their compliance with all applicable regulations. Lodo does not assume liability for non-compliance by Users.

Violations of state, federal, or transportation laws may result in: 🚫 Immediate account termination. 🚫 Legal action by governing authorities. 🚫 Financial penalties for non-compliance.

Users are responsible for maintaining valid commercial insurance, business licensing, and DOT-compliant vehicle operation.

16. PROHIBITED ACTIVITIES AND MISUSE OF THE PLATFORM

Users must not: ❌ Use Lodo for unauthorized commercial activities. ❌ List stolen, unsafe, or non-roadworthy vehicles. ❌ Attempt to hack, disrupt, or manipulate the platform. ❌ Engage in threatening, abusive, or unlawful behavior. ❌ Attempt to rent vehicles without proper insurance or documentation.

Lodo reserves the right to report any illegal activity to law enforcement authorities.

Violations may result in: ⚠️ Immediate suspension or ban. ⚠️ Forfeiture of deposits and outstanding payments. ⚠️ Civil or criminal prosecution.

17. INTELLECTUAL PROPERTY AND TRADEMARK PROTECTION

17.1 Ownership of Platform Content

All content on Lodo, including its: • Website design and branding • Logo, trademarks, and proprietary software • Listings, descriptions, and transaction processes

Are the exclusive property of Lodo Inc. and protected under U.S. copyright and trademark laws.

17.2 Prohibited Use of Lodo’s Intellectual Property

Users may not: ❌ Copy, modify, or reverse-engineer any part of the platform. ❌ Use Lodo’s name, logo, or branding without written permission. ❌ Attempt to create competing services using Lodo’s proprietary model.

Legal action will be taken against unauthorized use of Lodo’s intellectual property.

18. INDEMNIFICATION AND LIMITATION OF LIABILITY

18.1 Indemnification

Users agree to indemnify and hold harmless Lodo, its officers, directors, employees, and affiliates from: ✅ Any claims, losses, damages, liabilities, and expenses. ✅ Any legal disputes arising from the use of rented vehicles. ✅ Any third-party claims related to rental transactions.

18.2 Limitation of Liability

Lodo is not liable for: ❌ Personal injury, property damage, or financial loss. ❌ Accidents, breakdowns, or mechanical failures. ❌ Loss of business or revenue due to rental issues.

Lodo’s maximum liability is limited to the fees collected for the disputed transaction.

19. DISPUTE RESOLUTION AND ARBITRATION AGREEMENT

19.1 Arbitration Requirement

All disputes must be resolved through binding arbitration in Maryland under the Federal Arbitration Act (FAA).

19.2 No Class Action Lawsuits

Users waive their right to file or participate in class-action lawsuits against Lodo.

19.3 Legal Fees and Costs

The prevailing party in arbitration may recover legal fees and costs from the losing party.

20. TERMINATION, SUSPENSION, AND ACCOUNT CLOSURE

Lodo reserves the right to terminate or suspend accounts for: • Repeated violations of Terms of Service. • Engaging in fraud, circumvention, or illegal activities. • Failing to comply with payment, deposit, or rental obligations.

Users forfeit all deposits and unpaid earnings upon termination.

21. GOVERNING LAW AND JURISDICTION

This Agreement is governed by the laws of the State of Maryland and applicable U.S. federal regulations.

Disputes shall be resolved exclusively in Maryland courts, except where arbitration applies.

22. AMENDMENTS AND UPDATES TO TERMS

Lodo may update these Terms at any time without prior notice. Continued use of the platform constitutes acceptance of revised Terms.

Major changes will be communicated via email or platform notifications.

23. SEVERABILITY CLAUSE

If any provision of this Agreement is found unenforceable, the remaining Terms shall remain in full effect.

24. FORCE MAJEURE CLAUSE

Lodo is not liable for service interruptions caused by: • Natural disasters (hurricanes, earthquakes, floods). • Government actions or regulatory changes. • Cybersecurity attacks or system failures.

25. CONTACT INFORMATION

For legal inquiries, support, or disputes, contact:

📍 Lodo Inc. 400 East Pratt St., Baltimore, MD 21202 📧 Email: Admin@drivelodo.com