Terms of Use

1. What factual.money is

factual.money is an information, publishing, software and education platform. We publish newsletters ("Letters"), podcasts, courses, research resources and an AI research tool ("Ask Factual.Money") about companies, the economy and financial markets.

2. No investment advice

factual.money is not a registered investment adviser, broker-dealer, financial planner or tax adviser in the United States, Brazil or any other jurisdiction. Nothing in the Services is a recommendation, solicitation or offer to buy, sell or hold any security or financial product, and nothing is personalized to your financial situation, objectives or risk tolerance.

All content, including analyses, valuation models, courses, Letters, podcast episodes and AI-generated answers, is provided for informational and educational purposes only. Investing involves risk, including the loss of principal. Past performance does not guarantee future results. You are solely responsible for your investment decisions and should consult a licensed professional before making them.

Our team and contributors may hold positions in securities discussed in the Services.

3. AI-generated content

Ask Factual.Money uses third-party artificial intelligence models and web search to generate answers. AI output can be incomplete, outdated or wrong, even when sources are cited. Always verify important information against the original sources, such as company filings. Do not enter sensitive personal information, such as account numbers, passwords or government ID numbers, in your questions.

4. Accounts

You must be at least 18 years old and able to form a binding contract to use the Services. You are responsible for keeping your login credentials secure and for all activity under your account. Tell us promptly at support@factual.money if you suspect unauthorized use.

5. Subscriptions and payments

• Paid plans are billed in advance, monthly or annually, through our payment processor, Stripe. We do not store your full card details.
• Subscriptions renew automatically at the end of each period until you cancel. You can cancel at any time from your account; cancellation takes effect at the end of the current billing period.
• Except where required by law, payments are non-refundable and we do not provide refunds or credits for partial periods or unused questions.
• Usage limits, such as the number of AI questions per month, are described on the plans page and may change. We will give you reasonable notice before any price change takes effect.
• Courses, Letters and other products sold on other factual.money properties may have their own terms of sale, which apply to those purchases.

6. Acceptable use

• Do not copy, resell, redistribute or publicly share paid content, or share your account with others.
• Do not scrape, crawl or use automated means to access the Services, or use them to build a competing product or to train AI models.
• Do not attempt to bypass usage limits, security measures or access controls.
• Do not use the Services for any unlawful purpose, including market manipulation or securities fraud.

7. Intellectual property

The Services and their content, including text, models, courses, audio, designs, logos and software, are owned by factual.money or its licensors and are protected by copyright, trademark and other laws. We grant you a limited, personal, non-exclusive, non-transferable license to use the Services for your own non-commercial purposes. Brief quotations with attribution and a link are welcome.

8. Third-party data and links

The Services use and link to third-party data, filings, websites and tools. We do not control them and are not responsible for their accuracy, availability or content. Market data may be delayed or contain errors.

9. Disclaimer of warranties

The Services are provided "as is" and "as available", without warranties of any kind, express or implied, including accuracy, completeness, merchantability, fitness for a particular purpose and non-infringement. We do not warrant that the Services will be uninterrupted or error-free.

10. Limitation of liability

To the fullest extent permitted by law, factual.money and its owners, employees and contributors will not be liable for any indirect, incidental, special, consequential or punitive damages, or for any trading or investment losses, arising from your use of the Services. Our total liability for any claim is limited to the greater of the amounts you paid us in the 12 months before the claim and US$100.

11. Indemnification

You agree to indemnify and hold factual.money harmless from claims, losses and expenses arising from your misuse of the Services or your breach of these Terms.

12. Suspension and termination

We may suspend or terminate your access if you breach these Terms or if required by law. You may close your account at any time by writing to support@factual.money.

13. Changes

We may update these Terms from time to time. If changes are material, we will notify you by email or in the Services. Continued use after the effective date means you accept the updated Terms.

14. Governing law

These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict-of-law rules. Mandatory consumer protections of your country of residence still apply where required by law.

15. Contact

Factual Manhattan L.L.C. · support@factual.money