Insurance, Liability & Risk Disclosure Framework

Effective Date: April 27, 2026
Last Updated: April 27, 2026

IMPORTANT LEGAL NOTICE

This Enterprise Insurance, Liability & Risk Disclosure Framework (“Framework”) establishes the legal, operational, commercial, and evidentiary framework governing:

  • risk allocation;
  • insurance positioning;
  • liability disclosures;
  • valuation methodologies;
  • warehouse exposure;
  • inventory exposure;
  • operational limitations;
  • force majeure allocation;
  • and commercial risk assumptions
    relating to all services provided by the Company.

This Framework applies across:

  • storage;
  • warehousing;
  • rentals;
  • resale;
  • logistics;
  • archival handling;
  • managed services;
  • digitization;
  • enterprise storage;
  • production inventory management;
  • designer inventory management;
  • and associated operations.

This Framework forms an integral part of:

  • Platform Terms & Conditions;
  • Seller Agreements;
  • Storage Agreements;
  • Managed Services Agreements;
  • Production House Agreements;
  • Designer Agreements;
  • Rental Terms;
  • Operational SOPs;
  • and all associated contractual frameworks.

1. COMPANY DETAILS

This Framework is issued by:

TFCP INFOTAINMENT PRIVATE LIMITED

Registered Office:
Opp. Piccadilly 4, Royal Palms Estate
Aarey Milk Colony, Goregaon
Mumbai – 400065, Maharashtra, India

CIN: U59111MH2023PTC401543
GSTIN: 27AAKCT0771A1ZJ

Email: legal@vault.rent

operating directly or indirectly through:

  • Vault.rent;
  • CostumePeti;
  • Vault.Fashion;
  • Vault.Wedding;
  • Vault.Luxury;
  • Space Bazaar;
  • associated warehouse systems;
  • operational facilities;
  • logistics systems;
  • and affiliated infrastructure.

2. CORE RISK ALLOCATION PRINCIPLES

2.1 Commercial Nature of Services

All services provided by the Company involve commercial operational risk including:

  • inventory handling;
  • transportation;
  • warehousing;
  • customer usage;
  • environmental exposure;
  • logistics dependencies;
  • technological systems;
  • and third-party operational involvement.

2.2 Shared Risk Structure

Clients, Sellers, Studios, Designers, Customers, and associated parties expressly acknowledge that:

  • operational risks cannot be entirely eliminated;
  • commercially reasonable measures do not constitute absolute guarantees;
  • risk allocation forms a fundamental commercial basis of all transactions.

2.3 No Fiduciary Insurance Assumption

Unless expressly agreed in writing:

  • the Company does not act as insurer;
  • the Company does not provide blanket insurance coverage;
  • the Company does not guarantee full replacement recovery;
  • the Company does not guarantee insurer acceptance of claims.

3. INVENTORY RISK DISCLOSURES

3.1 Commercial Handling Risks

Inventory may be exposed to:

  • operational handling;
  • transportation movement;
  • commercial wear;
  • customer usage;
  • environmental exposure;
  • restoration procedures;
  • packaging risks;
  • warehouse movement;
  • and associated operational conditions.

3.2 Textile & Couture Risks

Luxury garments, couture, archival textiles, and designer pieces may inherently involve:

  • fabric aging;
  • embroidery deterioration;
  • color fading;
  • adhesive weakening;
  • material fragility;
  • oxidation;
  • moisture sensitivity;
  • environmental sensitivity;
  • structural weakening over time.

The Company does not guarantee preservation against all natural or material deterioration.

3.3 Archival Inventory Risks

Archival Inventory may involve elevated risks due to:

  • age;
  • historical preservation conditions;
  • material fragility;
  • prior usage;
  • prior environmental exposure;
  • and historical degradation.

4. WAREHOUSE & STORAGE RISK DISCLOSURES

4.1 Operational Environment

Warehouses may be affected by:

  • humidity;
  • climate variations;
  • temperature changes;
  • dust;
  • electrical failures;
  • pest risks despite reasonable controls;
  • flooding risks;
  • infrastructure limitations;
  • and associated environmental conditions.

4.2 Commercial Preservation Standard

Unless expressly agreed otherwise in writing, the Company provides:

commercially reasonable storage standards,

NOT:

  • museum-grade preservation;
  • archival certification;
  • climate-guaranteed preservation;
  • conservation-grade custody.

4.3 Shared Facility Risks

The Client acknowledges that:

  • warehouse facilities may contain multiple clients’ Inventory;
  • operational movement may occur;
  • personnel access may occur;
  • third-party logistics handling may occur;
    subject to commercially reasonable operational controls.

5. RENTAL & CUSTOMER USAGE RISKS

5.1 Commercial Rental Exposure

Rental Inventory may be exposed to:

  • stains;
  • tears;
  • customer misuse;
  • event-related damage;
  • accidental damage;
  • environmental exposure;
  • transportation wear;
  • cleaning risks;
  • and restoration requirements.

5.2 Event Sensitivity

The Company does not guarantee:

  • uninterrupted event suitability;
  • exact fitting expectations;
  • styling outcomes;
  • ceremonial success;
  • production continuity;
  • or event-specific commercial outcomes.

6. INSURANCE FRAMEWORK

6.1 No Automatic Insurance

Insurance coverage shall not automatically apply unless:

  • expressly agreed in writing;
  • separately purchased;
  • specifically documented;
  • or contractually incorporated.

6.2 Client Responsibility

Clients are strongly advised to maintain independent insurance for:

  • luxury Inventory;
  • archival Inventory;
  • production assets;
  • couture Inventory;
  • enterprise records;
  • high-value goods;
  • irreplaceable materials;
  • and business continuity risks.

6.3 Third-Party Insurers

Where insurance is arranged:

  • insurer terms shall apply;
  • exclusions shall apply;
  • deductibles shall apply;
  • claim conditions shall apply.

The Company does not guarantee:

  • insurer acceptance;
  • claim approval;
  • replacement recovery;
  • timing of settlements.

7. DECLARED VALUE FRAMEWORK

7.1 Declared Values

Clients may be required to provide:

  • declared values;
  • insured values;
  • invoices;
  • valuation records;
  • authenticity records;
  • appraisal documentation.

7.2 Reliance on Client Valuation

The Company may rely upon Client-declared values for:

  • operational classification;
  • liability calculations;
  • commercial assessments;
  • risk categorization.

7.3 Overvaluation Risks

The Company reserves rights to challenge commercially unreasonable valuations where:

  • market inconsistencies exist;
  • insufficient proof exists;
  • counterfeit suspicion exists;
  • unsupported valuations are provided.

8. LIABILITY LIMITATIONS

8.1 Excluded Damages

To the fullest extent permissible under Applicable Law, the Company shall not be liable for:

  • indirect losses;
  • consequential damages;
  • reputational harm;
  • emotional distress;
  • business interruption;
  • production delays;
  • missed events;
  • loss of opportunity;
  • speculative losses;
  • celebrity association losses;
  • goodwill losses.

8.2 Commercial Wear Exclusion

The Company shall not be liable for:

  • commercially reasonable wear;
  • ordinary handling impact;
  • operational deterioration;
  • environmental effects despite reasonable measures;
  • hidden weaknesses;
  • natural aging;
  • inherent defects.

8.3 Third-Party Exposure

The Company shall not be liable for:

  • courier failures;
  • third-party logistics misconduct;
  • customer misuse;
  • governmental actions;
  • insurer denials;
  • cyberattacks;
  • utility failures;
  • cloud infrastructure failures.

9. LIABILITY CAPS

9.1 Aggregate Liability Cap

To the fullest extent permissible under Applicable Law, aggregate liability of the Company shall not exceed:

  • declared value;
    OR
  • insured value;
    OR
  • actual transaction amount received by the Company;
    OR
  • actual commercially recoverable value,
    whichever is lower.

9.2 No Multiple Recovery

Clients shall not obtain:

  • duplicate recoveries;
  • overlapping compensation;
  • unjust enrichment;
  • multiple claims for identical losses.

10. FORCE MAJEURE RISK DISCLOSURES

10.1 Force Majeure Events

The Company shall not be liable for:

  • floods;
  • fires;
  • riots;
  • pandemics;
  • cyberattacks;
  • governmental restrictions;
  • labor shortages;
  • internet outages;
  • infrastructure failures;
  • transportation disruptions;
  • war-like situations;
  • civil disturbances;
  • acts beyond reasonable control.

10.2 Extended Operational Disruptions

Force majeure events may result in:

  • delayed retrievals;
  • delayed logistics;
  • temporary operational shutdowns;
  • reduced staffing;
  • restricted access;
  • evidence preservation limitations.

11. DIGITAL SYSTEMS & CYBER RISK DISCLOSURES

11.1 Technology Dependencies

Operations may rely upon:

  • cloud infrastructure;
  • software systems;
  • QR systems;
  • metadata systems;
  • APIs;
  • digital workflows;
  • operational automation;
  • AI systems.

11.2 Cybersecurity Risks

Despite commercially reasonable safeguards, risks may include:

  • cyberattacks;
  • unauthorized access;
  • malware;
  • ransomware;
  • system outages;
  • data corruption;
  • cloud failures;
  • metadata loss.

The Company does not guarantee absolute cybersecurity protection.

12. ELECTRONIC EVIDENCE & CLAIMS SUPPORT

12.1 Operational Evidence

The Company may rely upon:

  • QR records;
  • metadata;
  • timestamps;
  • warehouse logs;
  • dispatch records;
  • operational photographs;
  • CCTV footage;
  • audit trails;
  • and digital records
    for:
  • claim handling;
  • dispute resolution;
  • insurance support;
  • legal proceedings;
  • operational determinations.

12.2 No Guaranteed Claim Outcome

Operational evidence may support claims processes but does not guarantee:

  • insurer acceptance;
  • judicial findings;
  • regulatory outcomes;
  • or settlement success.

13. CLIENT ACKNOWLEDGEMENTS

All Clients expressly acknowledge and agree that:

  • operational risk exists;
  • warehousing risk exists;
  • logistics risk exists;
  • digital system risk exists;
  • commercial rental exposure exists;
  • and risk allocation forms a material basis of pricing and services.

14. INDEMNITY

Clients irrevocably agree to indemnify and hold harmless the Company against:

  • unlawful storage claims;
  • counterfeit disputes;
  • IP disputes;
  • tax disputes;
  • publicity rights claims;
  • regulatory actions;
  • customer disputes;
  • and losses arising from Client conduct or Inventory.

15. AUDIT, INVESTIGATION & EVIDENCE PRESERVATION

The Company reserves unrestricted rights to:

  • preserve evidence;
  • investigate suspicious conduct;
  • cooperate with authorities;
  • retain operational records;
  • conduct operational reviews;
  • support insurer investigations;
  • comply with lawful requests.

16. GOVERNING LAW & DISPUTE RESOLUTION

This Framework shall be governed by the laws of India.

Disputes shall first attempt resolution through good-faith negotiations.

Failing resolution:

  • disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996;
  • seat and venue: Mumbai;
  • language: English.

Courts situated at Mumbai shall possess exclusive supervisory jurisdiction.

17. CONTACT & RISK COMPLIANCE

Enterprise Risk & Insurance Compliance Officer

TFCP INFOTAINMENT PRIVATE LIMITED

Email: legal@vault.rent

Registered Office:
Opp. Piccadilly 4, Royal Palms Estate
Aarey Milk Colony, Goregaon
Mumbai – 400065, Maharashtra, India

CostumePeti
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