Legal
Terms of Service
Scope
These terms apply to engagements with Steelgaard, operating under two desks: Steelgaard Trading (factory sourcing for Nordic e-commerce brands) and Steelgaard Capital (distressed corporate asset advisory across the Nordics and DACH). The specific scope of each engagement is agreed in writing prior to commencing work, and the desk-specific terms below apply in addition to the general terms.
Trading desk — commission
For Trading engagements, our fee is seven percent (7%) of the factory-invoiced value of each order we source. Payment is split fifty percent at purchase order issuance and fifty percent on confirmed delivery. No retainer, no minimum volume, no ongoing contract unless otherwise agreed.
Trading desk — quality guarantee on the first order
On the first sourcing engagement with a new client, if the order fails the agreed quality inspection criteria, we waive our commission in full. This guarantee applies to the first order per client relationship and covers production quality as assessed by the appointed third-party inspector prior to shipment.
Capital desk — broker model
For Capital engagements, Steelgaard operates as a broker and advisor, not a principal. We do not hold inventory of software licenses, corporate vehicles, or special-situation assets on our balance sheet. Pricing, fees, and the basis under which we are compensated are agreed transaction by transaction in a written engagement letter prior to any counterparty introduction.
Limitations
Steelgaard acts as an agent or broker, not as a principal, importer of record, freight forwarder, financial intermediary, or insolvency administrator, unless explicitly contracted as such in writing. We are not liable for supplier or counterparty insolvency, force majeure events, customs or regulatory delays, currency fluctuations, or market price movements. Our liability in any engagement is capped at the fee or commission received from that engagement.
Confidentiality
All counterparty names, factory contacts, file details, pricing, and client information shared during an engagement are treated as confidential and are not disclosed to third parties outside the scope of the engagement.
Governing law
These terms are governed by Finnish law. Any disputes arising from an engagement shall be subject to the exclusive jurisdiction of the courts of Helsinki, Finland.
Contact
Questions about these terms: contact@steelgaard.com