Kaiko Research Terms of Use

These Terms of Use (“Terms”) constitute a legally binding agreement between you and Challenger Deep SAS, doing business as Kaiko (“Kaiko,” “we,” “us,” or “our”), governing your access to and use of Kaiko’s research services, websites, and related content (collectively, the “Services”).

By accessing or using our Services, including but not limited to our research content available at https://app.kaiko.com/ and other designated platforms, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. If you do not agree with these Terms, you must immediately discontinue your use of our Services.

IMPORTANT NOTICE: These Terms contain provisions that govern how claims between you and Kaiko can be brought (see Section 12: Governing Law and Jurisdiction). These Terms also include important disclaimers, limitations of liability, and a class action waiver. By using our Services, you agree to these provisions.

For Custom Services users who have entered into a separate written agreement with Kaiko, these Terms supplement that agreement. In the event of any conflict between these Terms and such agreement regarding Custom Services, the specific terms of that agreement shall prevail.

Kaiko reserves the right to modify these Terms at any time in its reasonable discretion. Any modifications will be effective immediately upon posting on our website, except as specified in Section 2 (Purpose). Your continued use of the Services following the posting of any modifications constitutes your acceptance of such changes.

1. Definitions

In this Agreement, the following terms have the meanings ascribed to them:

1. “AI Assistant” – Anthropic Claude-powered conversational interface integrated with Kaiko’s real-time data referenced as “Talk Data to Me” in-app and on kaiko.com

2. “Chat History” – Stored conversation records between users and AI Assistant, limited to 20 conversations per user

3. “External Content” – Third-party hosted materials accessed via links within Research Reports and Data Debriefs

4. “Free License” – No-cost account providing access to previous invoices and the ability to reactivate to a Premium License. License automatically made on the expiration or cancellation of a Premium License.

5. “Hub Platform” – The integrated research platform providing access to Data Debriefs, Premium Research Reports, and Kaiko AI Assistant

6. “Premium License” – Subscription tier providing full access to all Hub features with 200 monthly AI credits

7. “Usage Credits” – Monthly allocation of AI Assistant interactions.

2. Purpose

These Terms govern your use of Kaiko’s Research Hub Platform. We provide three services: (1) Data Debriefs – market intelligence reports, (2) Premium Research Reports – detailed market analysis, and (3) AI Assistant – conversational interface with real-time data. Premium accounts get all services with 200 monthly credits.

License Tiers and Access

The Platform operates on a dual-tier access model:

Premium License: Full access to all Platform services including Data Debriefs, Premium Research Reports, and Kaiko AI Assistant with 200 monthly credits

Free License: Access to historical billing information and reactivation flow only.

By creating an account, accessing, or using any Platform services, you acknowledge that you have read, understood, and irrevocably agree to be bound by these Terms in their entirety. If you disagree with any provision of these Terms, you must immediately discontinue all use of the Platform and its services.

Technical Infrastructure and Data Processing

Your use of the Platform involves integration with multiple third-party services essential to Platform functionality, including Supabase (authentication and data storage), Stripe (payment processing for Premium Licenses), Anthropic (AI conversation processing), HubSpot (customer relationship management), and ScreenshotOne (automated content preview generation). By using the Platform, you consent to data processing and sharing with these integrated services as detailed in our Privacy Policy.

Modifications to Terms

Kaiko reserves the right to modify these Terms at any time in its reasonable discretion to reflect changes in Platform functionality, business practices, legal requirements, or regulatory obligations. Modifications will take effect as follows:

Free License Users: Changes become effective immediately upon your next Platform login following publication of modified Terms

Premium License Users: Changes become effective at the start of your next billing cycle following publication, unless you are notified otherwise

Material Changes: For modifications deemed material by Kaiko, we will provide advance notice through email or Platform notification

Your continued use of the Platform following the effective date of any modifications constitutes your acceptance of the revised Terms. If you do not agree to modified Terms, you must discontinue Platform use and may cancel your Premium License subscription according to the procedures outlined in Section 6.

Platform Scope and Limitations

These Terms apply exclusively to the Kaiko Research Hub Platform and its integrated services. They do not govern any separate products, services, or agreements you may have with Kaiko outside of this Platform. The Platform is controlled and operated by Kaiko from its designated locations and is intended for users in jurisdictions where such services are legally permissible.

Legal Binding Effect

These Terms constitute a legally binding agreement between you and Kaiko. Any additional or conflicting terms proposed by you shall have no force or effect unless expressly agreed to in writing by an authorized Kaiko representative. If any provision of these Terms is deemed invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect.

3. Products and Services

3.1 Description of services

The Kaiko Research Hub Platform constitutes a comprehensive digital ecosystem engineered to deliver institutional-grade cryptocurrency and digital asset market intelligence through three strategically integrated service offerings. Each service operates within a unified technical architecture designed to provide seamless user experiences while maintaining enterprise-level security, performance, and analytical capabilities.

Data Debriefs

Our Data Debriefs service represents a curated intelligence distribution system that synthesizes complex market developments into actionable insights for financial professionals. This service encompasses the systematic delivery of expert market analysis through both authenticated platform access and targeted email distribution channels, creating a comprehensive information ecosystem that serves both immediate intelligence needs and long-term research requirements.

Premium Research Reports

The Premium Research Reports service delivers comprehensive analytical products that represent the culmination of Kaiko’s institutional research capabilities. This service operates through a dual-content architecture that accommodates both internally developed research materials and strategically curated external content, ensuring users receive the most comprehensive market intelligence available.

User engagement measurement systems capture detailed interaction analytics across all research materials, providing insights into content utility and user behavior patterns. This analytical framework supports continuous service improvement while respecting user privacy and maintaining compliance with applicable data protection regulations.

Kaiko AI Assistant (ALPHA)

The Kaiko AI Assistant represents an advanced conversational intelligence system that bridges natural language interaction with real-time financial market data access. Built upon Anthropic’s Claude API infrastructure, this service provides users with analytical capabilities through an intuitive conversational interface that eliminates traditional barriers between users and complex financial data systems.

The technical architecture incorporates WebSocket-based communication protocols that enable real-time streaming responses, ensuring that user interactions feel natural and responsive. Our implementation includes both standard conversational modes and enhanced Model Context Protocol (MCP) integration, which enables dynamic tool utilization for complex analytical queries when system conditions permit.

Usage management operates through a credit allocation system that balances service accessibility with resource optimization. Premium License holders receive monthly allocations of two hundred conversation credits, with automatic monthly resets occurring on the first day of each calendar month. This tiered approach ensures sustainable service delivery while providing meaningful access across different user segments. Credit consumption is calculated on a per-request basis and varies in proportion to the size and complexity of each request. Larger or more extensive requests typically result in higher credit consumption. The specific credit amount debited for each message is displayed within the user interface adjacent to the corresponding message.

When a users’ 200 monthly credits are consumed, additional credits can be purchased in batches of 200 credits. These credits do not expire at the end of the billing period and will continue to rollover until consumed.

Conversation management systems maintain user interaction history through secure storage protocols, with automatic conversation limitations of twenty stored conversations per user account. This approach balances user convenience with system performance requirements while ensuring compliance with data retention best practices.

The AI Assistant is currently in ALPHA. While we’re confident in the accuracy of its answers, due to the nature of LLMs, the information provided may contain errors or inaccuracies. Do not rely solely on this data for any business decisions.

While in ALPHA, the app may experience outages or unexpected behaviors. We’ll aim to rectify issues as quickly as possible, but the app is not currently backed by the institutional-level support as our data solutions.

Platform Integration and Technical Infrastructure

Data storage and security protocols incorporate PostgreSQL database systems with Row-Level Security implementation, ensuring that user data remains protected and accessible only to authorized parties. All user interactions, content access patterns, and system utilization metrics are captured through comprehensive analytics systems that support service optimization while maintaining strict privacy protection standards.

Our integration architecture includes automated content preview generation through ScreenshotOne API services, which operates without transmitting personal user data while ensuring consistent visual presentation of external content. This approach maintains user privacy while delivering superior user experience across all Platform services.

Service availability and performance monitoring systems provide continuous oversight of all Platform operations, with automated detection and response capabilities for system anomalies or performance degradation. Users should understand that Platform functionality inherently depends upon the continued availability and performance of multiple integrated third-party services, and that service availability may be affected by factors beyond Kaiko’s direct operational control, including but not limited to third-party API limitations, network connectivity variations, and scheduled maintenance activities.

3.2 General Restrictions on Use

Your utilization of the Platform and its constituent services remains subject to comprehensive usage restrictions designed to protect the integrity of our systems, preserve the rights of all stakeholders, and ensure compliance with applicable legal and regulatory frameworks. These restrictions represent essential guardrails that enable sustainable service delivery while protecting both individual users and the broader Platform community.

Platform Security and System Integrity Protection

The Platform’s technical infrastructure represents substantial investment in security, performance, and reliability systems that require protection from interference, disruption, or unauthorized access attempts. Users may not engage in activities that compromise, damage, or interfere with Platform systems, including but not limited to the introduction of malicious code, viruses, worms, trojan horses, spyware, or other harmful components that could affect system performance or security.

Unauthorized access attempts, whether through hacking, password mining, social engineering, or other technical exploitation methods, violate these Terms and may result in account termination. Similarly, users may not engage in identity manipulation, including header forgery, identifier manipulation, IP address spoofing, or impersonation of other individuals, entities, or Kaiko representatives.

Security feature circumvention, including attempts to disable or interfere with access controls, usage monitoring systems, or content protection mechanisms, undermines the fundamental security architecture upon which all Platform services depend and therefore constitutes a material breach of these Terms.

Intellectual Property and Content Protection Standards

The Platform’s content ecosystem, encompassing Data Debriefs, Premium Research Reports, AI-generated responses, and proprietary analytical data, represents substantial intellectual property investments that require comprehensive protection. Users are prohibited from unauthorized reproduction, distribution, modification, adaptation, translation, or creation of derivative works based upon Platform content without explicit written authorization from Kaiko or applicable rights holders.

Content integrity protection extends to preservation of all copyright notices, trademark identifications, proprietary markings, disclaimers, watermarks, and other legal notices that accompany Platform materials. Removal, obscuration, or alteration of such notices undermines the intellectual property framework that enables continued Platform development and service delivery.

Automated Access and Data Extraction Prohibitions

The Platform’s architecture and service delivery models require protection from automated access attempts that could compromise system performance, overwhelm technical infrastructure, or enable unauthorized data extraction. Users are prohibited from deploying automated tools, including robots, spiders, crawlers, scrapers, bots, or data-mining applications, for Platform access, content copying, monitoring, indexing, or data extraction purposes.

Particular attention must be directed toward AI Assistant interactions, where automated engagement attempts could artificially inflate usage volumes, circumvent credit allocation systems, or otherwise distort the intended user experience. Such activities not only violate technical usage parameters but also potentially compromise service availability for legitimate users operating within established usage frameworks.

The prohibition extends to competitive intelligence gathering through Platform content, data, or AI responses for purposes of developing, creating, compiling, or generating competing services, applications, databases, or information resources. Such activities would constitute both intellectual property violations and unfair competitive practices that could undermine Platform sustainability and continued innovation capacity.

AI Assistant Usage Governance and Credit Management

The AI Assistant service operates within carefully calibrated usage parameters designed to ensure equitable access while maintaining system performance and sustainability. Users may not exceed monthly usage credit allocations through any means, including technical manipulation, multiple account creation, or credit system circumvention attempts. These limitations reflect both technical resource constraints and service sustainability requirements that enable continued AI Assistant availability.

Technical exploitation attempts directed toward the underlying AI model, training data, or algorithmic processes constitute serious violations that could compromise service integrity and competitive positioning. Similarly, users may not utilize the AI Assistant for content generation that violates applicable laws, regulations, or third-party rights, including defamatory, harassing, or fraudulent content creation.

Conversation sharing, credit transfer, or unauthorized third-party access provision undermines the individual account framework upon which usage tracking and service personalization depend. Such activities could compromise both system security and the personalized service experience that individual account management enables.

Account Management and License Compliance

The Platform’s tiered licensing structure requires strict adherence to account creation and usage parameters designed to ensure appropriate service access while maintaining system integrity. Multiple account creation for purposes of circumventing usage limitations, licensing restrictions, or access controls constitutes a material breach that undermines the fundamental service delivery model.

Account credential sharing, transfer, sale, rental, lease, sublicensing, or unauthorized access provision compromises both individual account security and broader Platform security frameworks. Such activities could expose both individual users and the Platform community to security risks while violating the personal account framework that enables customized service delivery.

Unauthorized access attempts to Premium License features through Free License accounts, whether through technical manipulation or other unauthorized means, constitute both breach of contract and potential fraud, undermining the economic model that enables continued Platform development and service enhancement.

Commercial Usage and Distribution Parameters

Platform content, services, and AI-generated responses remain subject to licensing restrictions that govern commercial utilization, redistribution, and sublicensing activities. While Premium License holders may utilize Platform resources within their normal course of business activities, broader commercial exploitation, resale, or sublicensing to third parties requires explicit written authorization to ensure compliance with intellectual property frameworks and competitive positioning requirements.

Derivative product or service development based upon Platform content, data, or AI Assistant responses without express written permission could constitute both intellectual property infringement and unfair competition, potentially exposing users to legal liability while undermining Platform sustainability and continued innovation capacity.

Third-Party Integration Protection

The Platform’s integration architecture with services including Anthropic, Supabase, Stripe, HubSpot, and ScreenshotOne requires protection from interference or disruption attempts that could compromise service functionality or violate third-party service terms. Users may not attempt direct access or manipulation of these integrated services through Platform connections in ways not explicitly authorized, as such activities could compromise both Platform functionality and third-party service relationships essential to continued Platform operation.

Enforcement Authority and Monitoring Capabilities

Kaiko reserves comprehensive enforcement authority, including Platform usage monitoring, violation investigation, and appropriate enforcement action implementation. Such enforcement measures may include account suspension, termination, legal action initiation, and cooperation with law enforcement authorities as circumstances warrant. Users acknowledge that violation of these restrictions may result in immediate Platform access termination and potential legal liability exposure, reflecting the serious nature of these usage requirements and their essential role in Platform sustainability and community protection.

3.3 User Responsibilities

Platform users assume comprehensive responsibilities that extend beyond mere compliance with usage restrictions to encompass proactive engagement with Platform systems, content, and community standards. These responsibilities reflect the collaborative nature of Platform operations and the shared commitment to maintaining service quality, security, and integrity that benefits all stakeholders within the Platform ecosystem.

Legal and Regulatory Compliance Obligations

Users bear primary responsibility for ensuring their Platform utilization remains in strict accordance with all applicable laws, regulations, industry standards, ethical codes, and professional guidelines governing their jurisdiction of operation and any jurisdiction from which Platform access occurs. This compliance obligation encompasses not only direct legal requirements but also industry-specific standards and professional codes of conduct that may govern users’ professional activities and Platform content utilization.

Platform Security and Integrity Stewardship

Users assume active responsibility for protecting Platform security and integrity through vigilant engagement with security protocols and prompt reporting of potential threats or vulnerabilities. This stewardship obligation includes avoiding any actions that could disrupt, damage, or impair Platform functionality, security, or performance, including the introduction of viruses, malware, or other harmful code that could compromise system integrity or user data security.

Security incident reporting constitutes a critical user responsibility that extends to promptly notifying designated security teams of any security vulnerabilities, breaches, unauthorized access attempts, or suspected misuse of Platform systems or user accounts. Such reporting enables rapid response to potential threats and contributes to the collective security framework that protects all Platform users and their data.

Users must implement and maintain reasonable security measures for their own account protection, including the deployment of strong, unique passwords, enabling multi-factor authentication where available, and maintaining secure computing environments for Platform access. These individual security practices contribute to the broader Platform security ecosystem and help prevent unauthorized access attempts that could compromise both individual and community security.

Content Utilization and Intellectual Property Stewardship

Platform content utilization carries significant responsibilities related to intellectual property protection and appropriate usage practices. Users must preserve all copyright notices, trademark legends, patent markings, and other proprietary notices in any downloaded or accessed content, ensuring that intellectual property frameworks remain intact throughout content lifecycle management.

Content utilization must remain within authorized parameters, typically limited to personal, non-commercial, and informational purposes unless explicitly permitted through appropriate licensing arrangements. Users bear responsibility for understanding and adhering to applicable licensing terms and for seeking appropriate authorization when contemplating uses that may exceed standard permission parameters.

The preservation of content integrity extends to maintaining original formats, attributions, and contextual information that accompanies Platform materials. Such preservation ensures that content creators receive appropriate recognition while maintaining the analytical and informational value that Platform content provides to the broader user community.

AI Assistant Engagement and Usage Management

The AI Assistant service requires user engagement that balances utilization opportunities with responsible usage practices and realistic expectation management. Users bear primary responsibility for monitoring and managing their AI Assistant usage to remain within allocated monthly credit parameters, understanding that credit exhaustion will result in service suspension until the subsequent monthly reset period.

Critical to responsible AI Assistant utilization is user understanding that AI-generated responses may contain inaccuracies, hallucinations, or outdated information that requires independent verification before reliance for any consequential decision-making purposes. Users must approach AI Assistant responses as preliminary analytical input rather than definitive guidance, maintaining healthy skepticism and implementing appropriate verification protocols for any information that could influence business, investment, or strategic decisions.

Real-time data integration capabilities, while present, remain subject to potential delays, interruptions, or temporary inaccuracies that reflect the complex technical infrastructure required for such integration. Users must understand these limitations and implement appropriate risk management practices when utilizing AI Assistant responses for time-sensitive or critical analytical purposes.

Conversation management represents another significant user responsibility, including understanding that chat histories are maintained according to Platform retention policies and that users may delete conversations manually when privacy or data management considerations warrant such action. Users should consider the sensitive nature of their queries and the potential implications of conversation storage when engaging with AI Assistant services.

Community Standards and Professional Conduct

Platform utilization occurs within a broader community context that requires respect for intellectual property rights, privacy expectations, and professional dignity of other users and third parties. This community responsibility extends to maintaining professional standards in all Platform interactions and avoiding activities that could compromise the Platform’s reputation or utility for other users.

Professional conduct standards include responsible sharing of Platform-derived insights within appropriate organizational contexts while respecting licensing limitations and intellectual property frameworks. Users must balance legitimate information sharing with respect for Platform content protection requirements and competitive positioning considerations.

Data Management and Privacy Responsibilities

Users bear significant responsibility for understanding and managing their data footprint within Platform systems, including awareness of what information is collected, how it is utilized, and what control mechanisms are available for data management. This includes understanding the comprehensive analytics and engagement tracking systems that support Platform operations and service improvement initiatives.

Incident Response and Communication Obligations

Users assume responsibility for maintaining appropriate communication channels with Platform support systems and for providing accurate, complete information when seeking assistance or reporting issues. This includes timely response to Platform communications regarding account management, security updates, or service modifications that may affect user access or functionality.

Emergency response obligations include immediate notification of suspected security breaches, unauthorized access attempts, or other incidents that could affect Platform security or user data protection. Such prompt communication enables appropriate incident response and helps protect both individual users and the broader Platform community from potential security threats.

3.4 Account Creation and Security

Platform access operates through an account management framework designed to balance accessibility with security requirements while accommodating diverse user needs through differentiated service tiers. This framework reflects our commitment to providing appropriate access pathways while maintaining the security standards essential for protecting user data and Platform integrity.

Account Creation Framework and Tier Differentiation

Premium Licensed accounts represent a comprehensive service tier that requires enhanced account creation procedures, including payment information verification through Stripe integration systems. This elevated account creation process reflects the expanded service access and usage allocations that Premium Licensed users receive, while ensuring appropriate financial verification and subscription management capabilities that enable sustained service delivery.

Users bear primary responsibility for selecting account types appropriate to their intended usage patterns and organizational requirements. This selection process should consider not only immediate access needs but also anticipated usage volumes, feature requirements, and the potential need for expanded service access as user familiarity with Platform capabilities develops.

Information Accuracy and Maintenance Obligations

Account creation and ongoing management require users to provide accurate, complete, and current registration information across all required fields, with ongoing obligations to update such information as circumstances change. This information accuracy requirement extends beyond initial account creation to encompass continuous maintenance responsibilities that ensure Platform communications, service delivery, and security protocols remain effective throughout the user relationship lifecycle.

Credential Security and Access Control Management

You’re responsible for keeping your login credentials secure and must immediately report any unauthorized account access. This security responsibility extends to implementing appropriate technical and procedural safeguards that prevent unauthorized access while ensuring legitimate access remains convenient and efficient.

Credential sharing, transfer, sale, or unauthorized access provision to third parties constitutes a fundamental breach of account security frameworks and could expose both individual users and the broader Platform community to security risks. The personal nature of account creation and the individualized service delivery model require that account access remain limited to authorized users who have completed appropriate account creation procedures and accepted applicable terms and conditions.

Account Monitoring and Incident Response Protocols

Users must maintain continuous vigilance regarding account security and usage patterns, with particular attention to identifying potential security compromises, unauthorized access attempts, or unusual account activity that could indicate security threats. This monitoring responsibility includes regular review of account activity logs, usage patterns, and any communications or notifications received from Platform systems regarding account security or unusual activity.

Immediate notification protocols require users to contact designated Platform security teams promptly upon discovering or suspecting any security breaches, unauthorized access attempts, account compromises, or misuse of account credentials. Such prompt notification enables rapid incident response that can minimize potential damage while protecting both individual accounts and broader Platform security infrastructure.

The nature of contemporary security threats requires users to maintain awareness of evolving attack vectors, social engineering techniques, and other security risks that could compromise account security. This awareness should inform both individual security practices and organizational policies governing Platform access and usage within professional contexts.

Account Responsibility and Liability Framework

Account activity monitoring and management represent ongoing user obligations that extend throughout the account lifecycle. Users should regularly review account activity, usage patterns, and service utilization to ensure alignment with intended usage and to identify any potential security concerns or unauthorized access attempts that could compromise account integrity.

The integration of payment processing through Stripe for Premium Licensed accounts requires additional security considerations, including protection of payment information, monitoring of billing activities, and prompt notification of any suspected fraudulent transactions or unauthorized payment processing. These financial security responsibilities reflect the enhanced service access that Premium Licensed accounts provide while ensuring appropriate protection for financial information and transaction integrity.

Platform Security Enhancement and Compliance Support

Users contribute to broader Platform security through responsible account management practices that support collective security frameworks and threat prevention initiatives. This contribution includes adherence to security best practices, prompt reporting of potential threats or vulnerabilities, and cooperation with Platform security initiatives designed to protect all users and maintain service quality.

Compliance with evolving security requirements may necessitate periodic updates to account security measures, authentication procedures, or information verification processes. Users should anticipate such evolution and maintain flexibility in adapting their account management practices to accommodate enhanced security measures that protect both individual accounts and the broader Platform community.

Account Suspension and Termination Protocols

Platform administrators reserve authority to suspend, terminate, or restrict access to any account when reasonable suspicion exists regarding unauthorized use, security compromise, violation of applicable terms and conditions, or other circumstances that could threaten Platform security or service quality. Such enforcement actions reflect our commitment to maintaining secure, high-quality service delivery for all Platform users while protecting community standards and operational integrity.

Account enforcement decisions are made through careful evaluation of available evidence, user communication history, and potential risks to both individual users and the broader Platform community. Users subject to such enforcement actions may seek clarification through appropriate customer service channels, though Platform administrators retain ultimate authority for account management decisions that protect Platform security and community standards.

The account management framework reflects our commitment to balancing accessibility with security requirements while providing differentiated service tiers that accommodate diverse user needs and usage patterns. This framework enables sustainable Platform development and continued service enhancement while maintaining the security standards essential for protecting user data and Platform integrity.

3.5 No License

Users must understand with absolute clarity that Platform access does not confer, grant, or transfer any proprietary rights, licenses, or interests in the Platform infrastructure, its constituent content, or the underlying intellectual property frameworks that enable Platform operations. This fundamental principle governs all user interactions with Platform systems and establishes the essential boundaries within which legitimate Platform utilization must occur.

Comprehensive Intellectual Property Reservation

Kaiko and our licensors own all Platform content, including research, data, software, and AI responses. Your account provides limited access rights for legitimate business use only. This content ecosystem encompasses the full spectrum of Platform materials, including but not limited to textual content, graphical elements, photographs, trademark identifications, logos, audio components, musical elements, video materials, artistic works, computer code, information databases, software applications, data compilations, interface designs, layout architectures, and all other materials whether visible to users or operating within underlying system infrastructure.

Limited Access Rights Framework

Platform access operates through a carefully circumscribed grant of limited, non-exclusive, non-transferable, non-sublicensable, and revocable rights that enable users to access and utilize Platform services strictly for personal, non-commercial purposes in accordance with these Terms. This limited access framework represents the maximum extent of user rights regarding Platform utilization and establishes clear boundaries beyond which user activities constitute unauthorized use.

The non-exclusive nature of this access grant ensures that Kaiko retains full authority to provide similar access to other users while maintaining complete control over Platform operations and development. The non-transferable and non-sublicensable characteristics prevent users from extending Platform access to third parties or creating derivative access arrangements that could compromise Platform security or revenue models.

The revocable nature of user access rights ensures that Kaiko maintains appropriate enforcement authority to address violations, security threats, or other circumstances that could compromise Platform operations or community standards. This revocation authority operates independently of specific breach identification and may be exercised at Kaiko’s discretion to protect Platform integrity and user community interests.

Prohibited Usage and Implied License Exclusions

Any utilization not explicitly permitted by these Terms remains strictly prohibited, reflecting the comprehensive nature of intellectual property protection and the limited scope of authorized user activities. This prohibition extends to activities that might appear reasonable or customary in other contexts but exceed the specific permissions granted through Platform access.

No implied licenses are granted under any circumstances, ensuring that users cannot claim authorization for activities based on assumptions, industry practices, or interpretations that extend beyond explicit Term provisions. This explicit exclusion of implied rights prevents potential disputes regarding the scope of authorized activities and ensures that all permissions remain clearly defined and controlled.

Content Integrity and Attribution Requirements

The limited access rights granted to users include specific obligations regarding content integrity and attribution preservation that ensure intellectual property frameworks remain intact throughout the user experience lifecycle. Users must maintain all proprietary notices, copyright identifications, trademark legends, and other legal markings in their original form and context when accessing or utilizing Platform content.

These preservation requirements extend to any authorized downloading, sharing, or utilization of Platform materials within permitted parameters. Content integrity maintenance ensures that creators receive appropriate recognition while preserving the legal frameworks that enable continued Platform development and content creation.

Third-Party Intellectual Property Protections

Platform content may incorporate materials licensed from third parties, each subject to their own intellectual property protections and usage restrictions. Users acknowledge that their Platform access does not create any rights regarding such third-party materials beyond those explicitly authorized through Platform Terms and applicable third-party licensing arrangements.

The complex nature of intellectual property relationships within digital platforms requires users to respect not only Kaiko’s proprietary rights but also the rights of content creators, data providers, technology partners, and other stakeholders whose intellectual property contributes to Platform functionality and content offerings.

AI-Generated Content and Proprietary Algorithm Protection

AI Assistant responses represent a unique category of Platform content that combines Kaiko’s proprietary data, analytical methodologies, and algorithm implementations with third-party artificial intelligence capabilities. While users may utilize AI-generated responses within their authorized access parameters, such utilization does not create ownership interests in the underlying data, algorithms, or AI model architectures that enable response generation.

The proprietary nature of data integration, analytical processing, and response generation methodologies requires protection equivalent to other Platform intellectual property, ensuring that competitive advantages developed through substantial research and development investments remain protected while enabling appropriate user utilization of AI Assistant capabilities.

Enforcement Authority and Remedial Measures

Kaiko retains authority to enforce intellectual property rights and access limitations through all available legal and technological means. This enforcement authority includes the implementation of technological protection measures, access restrictions, account termination, and pursuit of legal remedies for unauthorized use or intellectual property infringement.

The nature of digital content protection requires continuous monitoring and adaptive enforcement strategies that can address evolving threats to intellectual property security. Users should understand that enforcement measures may be implemented proactively to prevent potential violations rather than only in response to identified breaches.

Educational and Compliance Support

While maintaining strict intellectual property protections, Kaiko remains committed to supporting user understanding of appropriate Platform utilization through clear communication of permissions and restrictions. Users are encouraged to seek clarification regarding specific use cases or activities that may raise questions about compliance with intellectual property frameworks.

This educational approach reflects our recognition that digital platforms require clear guidance to enable appropriate utilization while maintaining essential protections. Users who demonstrate good faith efforts to comply with intellectual property requirements can expect reasonable support in understanding appropriate Platform engagement practices.

The comprehensive intellectual property protection framework established through this section ensures sustainable Platform development while enabling appropriate user access to valuable market intelligence and analytical capabilities. This balance reflects our commitment to both innovation protection and user service delivery within appropriate legal and commercial frameworks.

3.6 Sanctions Compliance and Access Restrictions

Platform access and utilization operate within a comprehensive compliance framework designed to ensure strict adherence to applicable sanctions regimes, export control regulations, and international trade restrictions maintained by governmental authorities worldwide. This compliance framework reflects our unwavering commitment to operating within established legal boundaries while supporting legitimate business activities across authorized jurisdictions.

Comprehensive Representation and Warranty Framework

By using the Platform, you represent and warrant that you comply with applicable sanctions and export control laws. These representations constitute fundamental elements of the user agreement and form the basis upon which Platform access is granted and maintained.

Users expressly represent, warrant, and covenant that they are not persons or entities identified on any sanctions list, denied party list, blocked person list, or similar restrictive designation maintained by any applicable governmental authority. This prohibition encompasses but is not limited to inclusion on the U.S. Department of Treasury’s Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons List, the U.S. Department of Commerce’s Entity List or Denied Persons List, the United Nations Security Council Consolidated List, or equivalent restrictive lists maintained by other relevant jurisdictions including the European Union, United Kingdom, Canada, Australia, Singapore, and other jurisdictions where Kaiko operates or provides services.

Furthermore, users covenant that they are not located, organized, resident, or habitually residing in any country or territory subject to comprehensive economic sanctions or territorial restrictions. Current prohibited territories include, but are not limited to, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the Donetsk region of Ukraine, the Luhansk region of Ukraine, and any other jurisdiction subject to territorial sanctions as such designations may be modified or expanded by competent governmental authorities.

Ownership and Control Compliance Verification

The compliance framework extends beyond individual user status to encompass ownership structures, control relationships, and agency arrangements that could create sanctions exposure. Users represent and warrant that they are not owned, controlled, or directed by any person or entity subject to applicable sanctions restrictions, nor are they acting on behalf of any such restricted party.

This ownership and control analysis requires users to consider complex corporate structures, beneficial ownership arrangements, and indirect control mechanisms that could create compliance obligations or restrictions. Users must evaluate not only direct relationships but also the broader network of affiliations, partnerships, and business relationships that could implicate sanctions compliance requirements.

Usage Compliance and Transaction Restrictions

Users covenant that their Platform access and utilization will not cause Kaiko or any affiliated party to violate applicable sanctions regimes, export control regulations, or other trade restrictions. This compliance obligation extends to the ultimate use of Platform-derived information, insights, and analytical capabilities, requiring users to consider how Platform materials may be utilized within their broader business activities and strategic decision-making processes.

The nature of contemporary sanctions regimes requires users to maintain awareness of evolving restrictions, newly designated entities or territories, and changing compliance requirements that could affect their Platform utilization eligibility. This dynamic compliance environment necessitates ongoing monitoring and adaptation of business practices to ensure continued compliance with applicable legal requirements.

Comprehensive Compliance Program and Verification Authority

Kaiko maintains a rigorous compliance program designed to ensure adherence to all applicable sanctions and export control requirements while supporting legitimate business activities across authorized jurisdictions. This compliance program incorporates screening technologies, ongoing monitoring capabilities, and regular updates to reflect evolving regulatory requirements and enforcement priorities.

Enhanced due diligence procedures may require users to provide additional information or documentation to confirm compliance with applicable legal requirements. Such requests reflect the nature of contemporary compliance obligations and the need to maintain comprehensive records that demonstrate adherence to regulatory requirements. Users should anticipate potential requests for additional compliance information and maintain appropriate documentation to support their eligibility representations.

Enforcement Authority and Remedial Measures

We may restrict or terminate access if we reasonably believe sanctions or export control violations have occurred or when such actions are deemed necessary to ensure adherence to legal and regulatory obligations. This enforcement authority operates independently of specific violation identification and may be exercised proactively to prevent potential compliance breaches or regulatory exposure.

Compliance enforcement measures may include immediate account suspension, permanent access termination, transaction blocking, information preservation, and cooperation with governmental authorities as circumstances require. Users acknowledge that such enforcement actions may occur without advance notice when compliance concerns or regulatory requirements necessitate immediate response.

Ongoing Compliance Obligations and Monitoring Requirements

User compliance obligations extend throughout the Platform relationship lifecycle and require ongoing attention to evolving regulatory requirements and personal or organizational circumstances that could affect compliance status. Users must promptly notify Platform administrators of any changes in ownership, control, location, or other circumstances that could affect their sanctions compliance status or Platform access eligibility.

The dynamic nature of sanctions regimes and export control regulations requires users to maintain current awareness of evolving restrictions and to adapt their Platform utilization accordingly. This includes understanding how changes in governmental policies, international relations, or enforcement priorities may affect Platform access eligibility and compliance requirements.

Legal and Regulatory Cooperation Framework

Platform compliance operations may require cooperation with governmental authorities, regulatory bodies, and law enforcement agencies as circumstances warrant. Users acknowledge that such cooperation may include information sharing, transaction reporting, and other activities necessary to ensure compliance with applicable legal and regulatory requirements.

This cooperation framework reflects our commitment to operating within established legal boundaries while supporting legitimate governmental oversight and enforcement activities. Users should understand that Platform participation may involve indirect interaction with regulatory frameworks through appropriate compliance reporting and cooperation mechanisms.

Jurisdictional Considerations and Cross-Border Compliance

The global nature of Platform operations requires navigation of multiple jurisdictional compliance frameworks that may impose overlapping or potentially conflicting requirements. Users acknowledge the complexity of cross-border compliance obligations and agree to support Platform efforts to maintain compliance across all relevant jurisdictions.

This multi-jurisdictional compliance environment requires legal analysis and ongoing adaptation to evolving regulatory requirements across multiple governmental authorities. Users benefit from Platform compliance expertise while acknowledging their individual responsibility to ensure that their Platform utilization remains compliant with applicable legal requirements in their jurisdiction of operation.

The comprehensive sanctions compliance and access restriction framework ensures that Platform operations remain within established legal boundaries while supporting legitimate business activities across authorized jurisdictions. This framework reflects our commitment to regulatory compliance excellence while enabling continued Platform development and service enhancement for eligible users worldwide.

3.7 Unauthorized Use and Enforcement

Platform integrity and community protection require comprehensive enforcement mechanisms designed to address unauthorized activities, security threats, and violations of established usage parameters. This enforcement framework operates through detection, investigation, and remediation capabilities that protect both individual users and the broader Platform ecosystem while maintaining service quality and operational security.

Comprehensive Investigation and Enforcement Authority

We may investigate violations and take appropriate action, including account suspension, termination, and legal proceedings, violate established usage parameters, or threaten the security and functionality of Platform systems or user community. This investigation authority encompasses both reactive responses to identified violations and proactive measures designed to prevent potential security threats or policy violations.

Platform Security and Access Control Violations

Unauthorized access attempts represent serious threats to Platform security that require immediate and comprehensive response capabilities. Users who circumvent, disable, or interfere with security-related features, attempt to gain unauthorized access to protected areas, user accounts, computer systems, or networks through hacking, password mining, social engineering, or other unauthorized means face immediate enforcement action including account termination and potential legal proceedings.

The nature of contemporary security threats requires Platform administrators to maintain advanced detection capabilities that can identify both direct attacks and subtle manipulation attempts that could compromise system integrity over time. These detection systems operate continuously and may identify unauthorized activities that users might consider harmless but which actually threaten broader Platform security and functionality.

System integrity protection extends to preventing activities that impose unreasonable or disproportionately large loads on Platform infrastructure or otherwise adversely affect performance, availability, or functionality for legitimate users. Such activities may include coordinated access attempts, resource exhaustion attacks, or usage patterns that exceed reasonable individual utilization parameters and could compromise service quality for the broader user community.

Content Protection and Intellectual Property Enforcement

Unauthorized content utilization represents a fundamental threat to the intellectual property frameworks that enable Platform development and service delivery. Manual or automated content extraction, scraping, crawling, or systematic downloading of Platform materials violates both intellectual property rights and the operational agreements that govern Platform access.

Content redistribution, unauthorized republication, or commercial exploitation of Platform materials without appropriate authorization undermines the economic models that enable continued Platform development and service enhancement. Users who engage in such activities face comprehensive enforcement action including immediate access termination, intellectual property infringement claims, and recovery of damages and legal costs.

AI Assistant Abuse and Usage Manipulation

The AI Assistant service operates within carefully calibrated resource allocation and usage monitoring systems that require protection from manipulation attempts and unauthorized utilization patterns. Users who attempt to exceed monthly usage credit allocations through technical manipulation, multiple account creation, automated interaction generation, or credit system circumvention face immediate account termination and potential legal action.

Abuse detection systems monitor AI Assistant interactions for patterns that suggest unauthorized automation, artificial conversation generation, or attempts to extract underlying model information or training data. These detection capabilities can identify subtle manipulation attempts that might escape casual observation but represent serious threats to service sustainability and intellectual property protection.

The integration of real-time market data with AI Assistant capabilities creates additional protection requirements regarding data extraction, systematic querying, or attempts to reverse-engineer proprietary data integration methodologies. Users who attempt to use AI Assistant interactions to systematically extract market data or analytical capabilities face comprehensive enforcement action including immediate service termination and potential intellectual property infringement claims.

Network Infrastructure and Performance Protection

Platform infrastructure represents substantial technological and financial investments that require protection from activities that could compromise performance, availability, or functionality for legitimate users. Distributed denial of service attacks, resource exhaustion attempts, or coordinated access patterns designed to overwhelm system capacity constitute serious violations that threaten service availability for the entire user community.

Network security protection extends to preventing unauthorized linking, framing, or deep-linking activities that could compromise Platform security, violate content protection measures, or create unauthorized access pathways that circumvent established security controls. Such activities may appear benign but can create security vulnerabilities that attackers could exploit to compromise broader Platform security.

Enforcement Measures and Remedial Actions

Unauthorized use detection triggers comprehensive enforcement protocols that may include immediate IP address blocking, geographic access restrictions, technological countermeasures to prevent continued unauthorized access, and legal proceedings to recover damages and prevent future violations. These enforcement measures operate independently of specific violation identification and may be implemented proactively when threat patterns suggest potential violations or security risks.

Technological protection measures may include advanced access controls, behavioral monitoring systems, automated threat response capabilities, and integration with security platforms that can identify and respond to emerging threats in real-time. Users should understand that these protective measures operate continuously and may restrict access when suspicious activity patterns are detected, even if no specific violation has been confirmed.

Legal enforcement authority encompasses comprehensive remedial measures including injunctive relief to prevent continued violations, monetary damages to compensate for harm caused by unauthorized activities, recovery of legal fees and costs associated with enforcement actions, and cooperation with law enforcement authorities when criminal activity is suspected or identified.

Reporting and Cooperation Requirements

Comprehensive enforcement capabilities require appropriate reporting mechanisms that enable law enforcement authorities, regulatory bodies, and other relevant institutions to investigate potential violations and pursue appropriate legal action. Platform administrators maintain appropriate relationships with such authorities and will provide necessary cooperation when legitimate investigations require Platform information or assistance.

User cooperation with enforcement investigations may be required when violation patterns suggest coordinated activities, security threats that extend beyond individual accounts, or potential criminal activity that requires broader investigation and response. Such cooperation requirements reflect the shared responsibility for maintaining Platform security and community protection that benefits all legitimate users.

Proportional Response and Due Process Considerations

While maintaining comprehensive enforcement authority, Platform administrators recognize the importance of proportional responses that match enforcement actions to violation severity and user intent. Good faith compliance efforts, prompt violation correction, and cooperative engagement with Platform administrators may influence enforcement decisions and remediation requirements.

Due process considerations include appropriate investigation procedures, reasonable opportunities for user explanation or clarification, and escalation protocols that ensure enforcement decisions receive appropriate review and consideration. These procedural safeguards protect legitimate users while maintaining the enforcement authority necessary to address serious violations and security threats.

Continuous Monitoring and Adaptive Enforcement

The nature of contemporary security threats and violation techniques requires continuous monitoring capabilities and adaptive enforcement strategies that can address evolving challenges and emerging threat patterns. Platform enforcement systems incorporate machine learning capabilities, behavioral analysis tools, and threat intelligence integration that enable proactive identification and response to potential violations.

Enforcement strategy evolution may include new detection capabilities, enhanced response mechanisms, and expanded cooperation with security organizations and law enforcement authorities as threat landscapes change and new protection requirements emerge. Users should anticipate that enforcement capabilities will continue to develop and that compliance requirements may evolve to address emerging threats and challenges.

The comprehensive unauthorized use and enforcement framework ensures Platform integrity while protecting the user community from security threats, service disruption, and intellectual property violations. This framework reflects our commitment to maintaining high-quality service delivery while protecting the technological and intellectual property investments that enable continued Platform development and enhancement.

4. Fees & Payments

Free and Premium Accounts

The Platform offers two account types:

– Free License: No cost. Gives you access to billing information and reactivation flow.

– Premium License: Paid subscription. Gives you full access to all Platform services including Data Debriefs, Premium Research Reports, and AI Assistant with 200 credits per month.

Subscription Pricing

Your Premium License subscription price will be clearly shown during the signup process. Prices may change from time to time, but we’ll always notify you in advance of any price changes and give you the opportunity to cancel if you don’t want to pay the new price.

All payments are processed securely through Stripe. You’re responsible for any processing fees charged by Stripe or your bank.

Payment Requirements

To subscribe to a Premium License, you must provide complete and accurate payment information. By submitting your payment details, you confirm that you’re authorized to use that payment method.

If your payment is declined or canceled, we may immediately suspend or terminate your Premium License access. If we suspect fraudulent activity, we may contact Stripe, your bank, and/or law enforcement.

Billing and Refunds

Premium License subscriptions are billed in advance. Subscriptions are generally non-refundable except where required by applicable consumer protection laws.

You can cancel your subscription at any time to prevent future charges, but you won’t receive a refund for the current billing period. Your access will continue until the end of your paid period.

Account Termination

If we terminate your account for violating these Terms, you won’t be eligible for any refunds. You’ll still be responsible for any charges incurred before termination.

Third-Party Purchases

If you purchase anything through our third-party partners, your contract is with them, not us. Any refunds for those purchases must be handled through the partner, not Kaiko.

Payment Method Changes

If your payment method expires or becomes unavailable, we’ll try to contact you to update your information. If we can’t process your payment, your Premium License may be downgraded to a Free License until payment is resolved.

5. Data Protection

Privacy Policy and Cookie Compliance

Your personal information is handled according to our Privacy Policy, which explains in detail what data we collect, how we use it, and your rights regarding that data. By using the Platform, you agree to the data processing described in our Privacy Policy.

We use cookies to improve Platform functionality and provide analytics. By accepting cookies through our consent tool, you agree to our Cookie Policy. You can manage your cookie preferences at any time through your browser settings or our cookie management tool.

Third-Party Data Sharing

The Platform integrates with several third-party services that receive and process your data:

Anthropic Claude: Receives your AI Assistant credits, conversation history, and usage patterns to provide AI responses

Supabase: Stores your account information, authentication data, conversation history, and content access records

Stripe: Processes payment information, subscription data, and billing history for Premium License users

HubSpot: Receives customer contact information, subscription status, and support interaction history

ScreenshotOne: Receives external URLs to generate content previews (no personal data is shared)

Each service processes your data according to their own privacy policies and data protection standards. We select service providers based on their security and privacy practices, but we cannot control their data handling once information is shared.

AI Assistant Data Processing

When you use the AI Assistant:

– All messages you send are processed by Anthropic’s Claude API to generate responses

– Your conversation history is stored on our servers with a limit of 20 conversations per account

– Older conversations are automatically deleted when you exceed the 20-conversation limit

– You can manually delete any conversation at any time through your account settings

– AI usage data (credit volumes, timing, topics) is tracked for credit management and service improvement

Platform Analytics and Tracking

We collect comprehensive usage data including:

– Content views and downloads for Data Debriefs and Premium Research Reports

– AI Assistant usage patterns, message frequency, and conversation topics

– User engagement scoring using algorithms that track your activity over time

– Platform navigation patterns and feature usage statistics

– Time spent on different Platform sections and content types

This data helps us improve Platform services, understand user needs, and prevent abuse or unauthorized usage.

Data Retention

We retain different types of data for different periods:

– Account Information: Until you delete your account or request deletion

– AI Conversations: Limited to 20 conversations with automatic deletion of older conversations

– Usage Analytics: Up to 2 years for service improvement and security monitoring

– Payment Data: As required by financial regulations and Stripe’s retention policies

– Support Communications: Up to 3 years for quality assurance and legal compliance

Your Data Rights

You have the right to:

– Access the personal data we hold about you

– Correct inaccurate or incomplete data

– Delete your account and associated data (subject to legal retention requirements)

– Download your data in a portable format

– Object to certain types of data processing

– Withdraw consent for data processing where consent is the legal basis

To exercise these rights, contact our support team through the Platform or email us directly.

Data Security

We protect your data using:

– Encryption for data transmission and storage

– Secure authentication systems through Supabase

– Regular security monitoring and threat detection

– Limited access controls for our staff

– Security audits of our third-party service providers

However, no online service can guarantee 100% security. You’re responsible for keeping your login credentials secure and reporting any suspected security breaches immediately.

International Data Transfers

Your data may be transferred to and processed in countries outside your residence, including the United States where some of our service providers operate. These transfers are protected by appropriate safeguards including standard contractual clauses and adequacy decisions where applicable.

Changes to Data Processing

We may update our data processing practices to improve services or comply with legal requirements. Material changes will be communicated through Platform notifications or email, and you’ll have the opportunity to review updated practices before they take effect.

Contact Information

For questions about data protection or to exercise your rights, contact us through the Platform support system or our designated data protection contact information provided in our Privacy Policy.

6. Subscription Cancellation and Refund Policy

Platform subscription management operates through carefully structured frameworks designed to provide users with appropriate service control while maintaining sustainable business operations and clear financial obligations. These frameworks accommodate the distinct characteristics of our dual-tier service model while ensuring transparent cancellation procedures and appropriate refund policies that balance user satisfaction with operational requirements.

Free License Account Management

Free License accounts operate without financial obligations and may be terminated by users at any time without formal cancellation procedures or administrative requirements. Account deletion may be accomplished through direct customer service communication or self-service account management interfaces that provide immediate processing and confirmation of account closure requests.

The absence of financial commitments associated with Free License accounts eliminates traditional cancellation complexities while ensuring that users retain complete control over their Platform engagement without administrative burdens or procedural requirements that could impede account management decisions.

Premium License Subscription Framework

Users acknowledge through subscription purchase that service access begins immediately upon transaction completion and that refund rights are waived for any service period preceding formal cancellation requests.

Automatic renewal cancellation remains available to users at any time prior to subsequent billing cycle commencement, ensuring user control over ongoing financial commitments while preserving service access throughout paid subscription periods. This approach balances user autonomy with service continuity by maintaining active subscriptions through their natural conclusion while preventing unwanted recurring charges.

Subscription Cancellation Procedures

Premium License cancellation operates through multiple communication channels designed to accommodate diverse user preferences while ensuring appropriate documentation and processing confirmation. Primary cancellation mechanisms include direct customer service engagement through telephone or live chat interfaces that provide immediate processing and confirmation of cancellation requests.

Alternative cancellation documentation may be submitted through formal written communication that includes essential identification and subscription information necessary for accurate account identification and processing verification. Such documentation should encompass user email identification, original subscription date, account holder name, electronic signature confirmation, and cancellation request date to ensure appropriate processing and account security maintenance.

Customer service representatives maintain authority to process cancellation requests immediately upon verification of account ownership and subscription status, ensuring that users receive prompt confirmation and appropriate guidance regarding service transition timelines and account status modifications.

Post-Cancellation Service Transition

Subscription cancellation initiates carefully managed service transition processes that preserve user access throughout paid subscription periods while preparing appropriate Free License conversion upon billing cycle conclusion. This transition approach ensures that users receive complete value for completed financial commitments while maintaining service continuity during the transition period.

Account conversion to Free License status occurs automatically upon Premium License expiration, ensuring seamless service continuation within appropriate access parameters without requiring additional user action or account reconfiguration. Conversation history, downloaded content, and account preferences remain accessible within Free License operational parameters, providing continuity of user experience across service tier transitions.

Users retain the ability to reactivate Premium License subscriptions at any time through standard subscription procedures, with immediate restoration of comprehensive Platform access and enhanced service capabilities upon successful payment processing and account status modification.

Refund Policy and Exception Framework

While Premium License subscriptions operate under standard non-refundable parameters, specific circumstances may warrant financial remediation through carefully evaluated exception processes. Refund eligibility may arise from account termination by Platform administrators for reasons other than Terms violations, technical billing errors that result in inappropriate charges, or consumer protection law requirements in jurisdictions that mandate refund availability under specific circumstances.

Refund processing, when applicable, prioritizes original payment method restoration to ensure secure financial remediation and appropriate transaction traceability. Alternative refund arrangements may be implemented when original payment methods are unavailable, expired, or otherwise inaccessible, with appropriate verification procedures to ensure secure financial transfer completion and user identity confirmation.

Exception evaluation operates through individual case assessment that considers specific circumstances, user communication history, and applicable legal requirements that may influence refund eligibility and processing parameters. This individualized approach ensures appropriate consideration of unique situations while maintaining consistent policy application across the user community.

Data Preservation and Access Continuity

Subscription cancellation and service tier transition incorporate comprehensive data preservation protocols that ensure user information, conversation histories, and downloaded content remain accessible within appropriate service parameters. AI conversation history continues to operate within established twenty-conversation limitations regardless of subscription status, ensuring consistency of experience across service tiers.

Previously accessed Data Debriefs and Premium Research Reports remain available to users following subscription cancellation, reflecting the permanent access rights associated with content accessed during active Premium License periods. Account configuration, user preferences, and service customization settings are preserved throughout service transitions to ensure seamless experience restoration upon potential subscription reactivation.

Billing Dispute Resolution and Customer Support

Comprehensive customer support frameworks address billing inquiries, dispute resolution, and account management assistance through multiple communication channels designed to provide prompt, effective resolution of user concerns and questions. Billing dispute investigation operates through systematic review of transaction records, account activity, and user communication to ensure accurate assessment and appropriate resolution of financial concerns.

Customer service representatives maintain access to comprehensive account information, billing history, and transaction records necessary to provide informed assistance and appropriate dispute resolution that addresses user concerns while maintaining accurate financial record-keeping and appropriate audit trail documentation.

The subscription cancellation and refund framework ensures transparent, user-friendly account management while maintaining the operational stability and financial predictability necessary for continued Platform development and service enhancement. This framework reflects our commitment to user satisfaction while supporting sustainable business operations that enable ongoing innovation and service quality improvement.

7. Termination and Suspension of Service

Platform access operates within comprehensive termination and suspension frameworks designed to protect service integrity, user community standards, and operational sustainability while providing appropriate procedural safeguards and clear termination parameters. These frameworks accommodate both voluntary user termination and administrative enforcement actions necessary to maintain Platform security and community protection.

Termination by User

Users retain authority to terminate their Platform relationship at any time, with or without cause, through discontinuation of Platform utilization and appropriate destruction of all materials obtained through Platform access, including downloaded content, cached information, and any reproductions thereof created during the user relationship lifecycle.

Effective user termination requires complete cessation of Platform access coupled with comprehensive destruction of obtained materials, reflecting the licensing nature of Platform access rather than ownership transfer of Platform content or intellectual property. Mere non-utilization of Platform services without material destruction does not constitute effective termination and leaves applicable Terms obligations in full effect.

Formal notification to Platform administrators, while not required for termination effectiveness, may facilitate appropriate account closure processing and ensure complete termination of recurring billing obligations for Premium License subscribers. Users who desire comprehensive account closure documentation may benefit from formal termination communication through appropriate customer service channels.

Administrative Termination and Suspension Authority

We may suspend or terminate your access for violations of these Terms or if reasonably necessary to protect the Platform or other users. This termination authority operates independently of specific violation identification and may be exercised proactively to protect Platform integrity, user community safety, or operational requirements. Suspension measures may be implemented as interim protective measures pending investigation completion or as permanent enforcement actions based on violation severity and circumstances.

Platform-Specific Termination Circumstances

Administrative termination authority extends to specific Platform-related violations that threaten service sustainability, user community protection, or intellectual property security. These circumstances include but are not limited to usage credit manipulation through technical exploitation or multiple account creation, unauthorized AI Assistant interaction patterns designed to extract proprietary information or circumvent usage limitations, and systematic content extraction or intellectual property violations.

Security-related termination encompasses unauthorized access attempts, system manipulation efforts, malware introduction, or other activities that compromise Platform infrastructure security or threaten user data protection. Such security violations may result in immediate termination coupled with appropriate law enforcement notification and legal action initiation as circumstances warrant.

Compliance-related termination includes sanctions violations, export control breaches, or other regulatory non-compliance that could expose Platform operations to legal liability or regulatory enforcement action. Such termination protects both Platform operations and compliant user community members from potential regulatory consequences or legal complications.

Post-Termination Obligations and Effects

Termination activation, regardless of initiating party or underlying cause, triggers immediate and comprehensive user obligations designed to protect Platform intellectual property and operational integrity. Users must immediately discontinue all Platform utilization, destroy all obtained materials including downloaded content and any reproductions thereof, and cease all activities that rely upon or incorporate Platform-derived information or intellectual property.

License termination operates with immediate effect, eliminating all user rights and privileges previously granted through Platform access while preserving all user obligations that survive termination by their nature or explicit Terms provision. Payment obligations accrued prior to termination remain due and payable regardless of termination circumstances or timing.

Data preservation and account information handling following termination operate according to established data retention policies and applicable legal requirements, with user conversation histories, account information, and usage analytics maintained according to standard retention schedules unless specific deletion requests are processed through appropriate procedures.

Compliance Determination and Administrative Discretion

Platform administrators maintain sole and exclusive authority to determine user compliance with applicable Terms, with such determinations made through absolute discretion and constituting final, binding conclusions not subject to challenge, appeal, or review through any forum or procedure. This determination authority encompasses both specific violation assessment and broader evaluation of user conduct patterns that may threaten Platform integrity or community standards.

Violation assessment operates through comprehensive evaluation of user activities, system access patterns, content utilization practices, and any other factors that Platform administrators determine relevant to compliance evaluation. Such assessment may consider cumulative behavior patterns, potential threat indicators, and risk factors that suggest possible future violations or security concerns.

Administrative determinations regarding compliance status, violation severity, and appropriate enforcement responses operate through evaluation processes that consider user history, violation circumstances, potential community impact, and broader Platform security and operational considerations that inform appropriate enforcement decisions.

Enforcement Consequences and Legal Remediation

Terms violations may trigger comprehensive enforcement responses including immediate or graduated Platform access restrictions, complete service termination, appropriate law enforcement authority notification, and legal proceedings initiation to enforce Platform rights and recover damages caused by violation activities.

Legal enforcement authority encompasses injunctive relief to prevent continued violations, monetary damages to compensate for harm caused by unauthorized activities, recovery of legal fees and costs associated with enforcement proceedings, and any other remedies available under applicable law or equity principles.

Enforcement action selection considers violation severity, user intent, potential community harm, and broader Platform security implications that inform appropriate response calibration. Repeat violations, security threats, or activities that endanger other users may warrant immediate comprehensive enforcement responses regardless of individual violation magnitude.

Liability Limitation and Termination Effects

Platform administrators bear no liability to users or third parties for termination or suspension implementation, regardless of termination circumstances, timing, or user claims regarding termination appropriateness or procedural adequacy. This liability exclusion encompasses all potential damages, claims, costs, or expenses related to or arising from termination or suspension activities.

Consequential, incidental, indirect, punitive, or special damages resulting from termination or suspension remain excluded from Platform liability regardless of foreseeability, notification, or user reliance on continued Platform access. Data loss, business interruption, revenue loss, or profit loss resulting from termination constitutes excluded damages not subject to Platform liability or remediation obligations.

Terms Modification and Waiver Limitations

Terms modifications, including termination and suspension provisions, require formal publication through Platform systems or written execution by authorized Platform representatives to achieve validity and enforceability. Informal communications, verbal agreements, or implied modifications lack legal effect and cannot alter established termination procedures or enforcement authority.

Enforcement forbearance, delayed action, or partial exercise of termination authority does not constitute waiver of such authority or limitation of future enforcement capabilities. Platform administrators retain complete enforcement discretion regardless of previous enforcement patterns, user expectations, or enforcement timing considerations.

The comprehensive termination and suspension framework ensures appropriate Platform protection while providing clear parameters for user relationship conclusion and enforcement action implementation. This framework reflects our commitment to maintaining secure, high-quality Platform operations while protecting user community interests and operational sustainability requirements essential for continued Platform development and service enhancement.

8. Intellectual Property

What We Own and What You Don’t

Everything you see on this Platform belongs to us or our licensors – and I mean everything. The research reports, the AI responses, the way the interface looks, the underlying code, our proprietary data, the algorithms that make it all work, even the specific way we’ve organized and presented the content. This isn’t just about copyright; we’re talking about trademarks, trade secrets, patents, and every other type of intellectual property protection available.

You need to understand that accessing our Platform doesn’t give you ownership of anything. You’re essentially a guest in our house – you can use what we’ve made available, but you can’t take it home with you or claim it as your own. The Platform represents years of development, millions in investment, and countless hours of expert work. That intellectual property is what allows us to keep providing these services.

We’ve built something unique here by combining our proprietary market data with AI technology and real-time analytics. The way we’ve integrated these elements, the methodologies we use to process information, and the analytical frameworks we’ve developed – all of that is our intellectual property, and it’s protected accordingly.

The AI Assistant Creates a Special Situation

Here’s where things get interesting from an IP perspective. When you chat with our AI Assistant, you’re getting responses that blend our proprietary data and analytical methods with Anthropic’s Claude technology. The responses you receive are generated through our systems, using our data, processed through our integration methods – even though the underlying AI model comes from Anthropic.

You can use those AI responses for your legitimate business purposes, but you don’t own the underlying technology, data, or methods that created them. Think of it like getting a custom research report – you can use the insights, but you can’t reverse-engineer our research methodology or claim ownership of our data sources.

The conversation storage system, the way we manage your chat history, the integration with our real-time data feeds – these are all proprietary technologies we’ve developed. The fact that we limit you to 20 conversations isn’t arbitrary; it’s part of a data management system that we’ve designed and own.

Third-Party Content and Complex Relationships

We work with several technology partners to deliver Platform services, and each of these relationships involves complex intellectual property considerations. Anthropic provides the AI processing, Supabase handles our infrastructure, and we integrate with other services for payment processing and content delivery.

Your Platform access doesn’t give you any rights to these third-party technologies beyond what we’ve specifically arranged through our licensing agreements. You’re essentially benefiting from our business relationships, but you can’t claim direct rights to our partners’ intellectual property.

Some of our content comes from external sources or incorporates third-party materials. When that happens, those materials remain subject to their original intellectual property protections. We’ve secured the rights we need to include them in our Platform, but that doesn’t extend additional rights to you beyond normal Platform usage.

Trademarks and Brand Protection

Our name, logo, and any other brand identifiers are our trademarks. You can’t use them to promote your own business, create confusion about who you’re affiliated with, or suggest that we endorse your activities. This is pretty standard stuff, but it’s worth being explicit about it.

The same goes for any third-party trademarks that appear on our Platform. Just because you see them here doesn’t mean you can use them elsewhere.

What Happens If You Violate Our IP Rights

We take intellectual property protection seriously, and we have both technological and legal tools to enforce our rights. Our systems monitor for unauthorized usage patterns, and we’re not shy about pursuing legal action when necessary.

If you try to scrape our content, reverse-engineer our systems, or use our intellectual property in ways that aren’t authorized, we’ll shut down your access immediately and pursue whatever legal remedies are available. This could include injunctive relief, monetary damages, and recovery of our legal costs.

We’re not looking to be unreasonable, but we’ve invested too much in building this Platform to let people take advantage of our work without permission.

Copyright Infringement Claims

If you believe someone has used your copyrighted material on our Platform without permission, we have procedures for handling those complaints in compliance with the DMCA and similar laws.

Send us a written notice that includes: your contact information, a description of the copyrighted work you believe has been infringed, where on our Platform you found the allegedly infringing material, a statement that you believe the use isn’t authorized, and your signature (electronic is fine).

We’ll investigate legitimate claims and take appropriate action, which might include removing content or suspending accounts. We also have counter-notification procedures if someone believes a takedown notice was inappropriate.

Protecting Our Trade Secrets

Beyond what’s visible on the Platform, we have proprietary methods, algorithms, and business processes that give us competitive advantages. These trade secrets are just as important as our copyrights and trademarks.

By using the Platform, you might get insights into how we do things, but you’re not allowed to use that information to compete with us or share it with others who might. This includes our analytical methods, data processing techniques, and any other confidential information you might encounter.

Getting Help With IP Questions

We understand that intellectual property law can be complicated, especially in the digital world. If you have legitimate questions about what you can and can’t do with Platform content, reach out to our support team. We’d rather help you understand the boundaries than deal with violations later.

We’re not trying to be restrictive for the sake of being difficult – we just need to protect the investments we’ve made so we can continue improving the Platform and developing new features.

9. Disclaimer of Warranties and Limitation of Liability

Comprehensive Warranty Disclaimers

EXCEPT WHERE PROHIBITED BY LAW, KAIKO PROVIDES THE PLATFORM, ALL CONTENT, AND ALL SERVICES ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES, REPRESENTATIONS, OR GUARANTEES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. KAIKO EXPRESSLY DISCLAIMS ALL WARRANTIES AND CONDITIONS, INCLUDING BUT NOT LIMITED TO:

(a) WARRANTIES OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS;

(b) WARRANTIES OF TITLE, QUIET ENJOYMENT, AND UNINTERRUPTED POSSESSION;

(c) WARRANTIES REGARDING SECURITY, RELIABILITY, TIMELINESS, ACCURACY, COMPLETENESS, OR PERFORMANCE OF THE PLATFORM OR ANY SERVICES;

(d) WARRANTIES THAT THE PLATFORM WILL MEET USER REQUIREMENTS, EXPECTATIONS, OR BUSINESS OBJECTIVES;

(e) WARRANTIES ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE; AND

(f) WARRANTIES THAT THE PLATFORM, CONTENT, OR SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, ERROR-FREE, OR FREE FROM VIRUSES, MALWARE, OR OTHER HARMFUL COMPONENTS.

KAIKO MAKES NO REPRESENTATION OR WARRANTY THAT: (i) THE RESULTS OBTAINED FROM PLATFORM USE WILL BE ACCURATE, RELIABLE, COMPLETE, OR CURRENT; (ii) THE QUALITY OF ANY INFORMATION, PRODUCTS, SERVICES, OR OTHER MATERIALS OBTAINED THROUGH THE PLATFORM WILL MEET USER EXPECTATIONS; OR (iii) ANY ERRORS IN THE PLATFORM WILL BE CORRECTED.

AI Assistant and Automated Content Disclaimers

THE AI ASSISTANT SERVICE IS PROVIDED WITHOUT ANY WARRANTIES REGARDING ACCURACY, COMPLETENESS, RELIABILITY, OR SUITABILITY FOR ANY PARTICULAR PURPOSE. AI-GENERATED RESPONSES MAY CONTAIN ERRORS, INACCURACIES, HALLUCINATIONS, OUTDATED INFORMATION, OR MISLEADING CONTENT THAT COULD RESULT IN INAPPROPRIATE RELIANCE AND CONSEQUENTIAL HARM.

USERS ACKNOWLEDGE AND AGREE THAT:

(a) AI ASSISTANT RESPONSES REPRESENT AUTOMATED PROCESSING THAT MAY NOT REFLECT CURRENT MARKET CONDITIONS, ACCURATE DATA, OR APPROPRIATE ANALYTICAL CONCLUSIONS;

(b) REAL-TIME DATA INTEGRATION MAY EXPERIENCE DELAYS, INTERRUPTIONS, OR INACCURACIES DUE TO THIRD-PARTY DATA SOURCES, NETWORK CONDITIONS, OR TECHNICAL LIMITATIONS;

(c) AI-GENERATED CONTENT MUST BE INDEPENDENTLY VERIFIED BEFORE RELIANCE FOR ANY BUSINESS, INVESTMENT, OR STRATEGIC DECISIONS;

(d) CONVERSATION HISTORY STORAGE AND MANAGEMENT SYSTEMS OPERATE WITHOUT WARRANTIES REGARDING DATA PRESERVATION, ACCESSIBILITY, OR RECOVERY CAPABILITIES; AND

(e) USAGE CREDIT ALLOCATION AND TRACKING SYSTEMS MAY EXPERIENCE TECHNICAL ERRORS OR DISCREPANCIES THAT COULD AFFECT SERVICE AVAILABILITY.

Professional Advice and Investment Disclaimer

THE INFORMATION, MATERIALS, AND CONTENT PROVIDED THROUGH THE PLATFORM ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX, LEGAL, OR PROFESSIONAL ADVICE. KAIKO IS NOT A FINANCIAL ADVISOR, INVESTMENT ADVISOR, BROKER-DEALER, OR LEGAL CONSULTANT, AND NO INFORMATION PROVIDED THROUGH THE PLATFORM SHOULD BE CONSTRUED AS SUCH.

USERS ACKNOWLEDGE THAT THEY ARE SOLELY RESPONSIBLE FOR EVALUATING ALL INFORMATION PROVIDED THROUGH THE PLATFORM AND FOR CONSULTING WITH APPROPRIATE PROFESSIONALS REGARDING ANY FINANCIAL, INVESTMENT, LEGAL, OR TAX DECISIONS. PAST PERFORMANCE INFORMATION PRESENTED ON THE PLATFORM DOES NOT GUARANTEE FUTURE RESULTS, AND ALL INVESTMENT DECISIONS CARRY INHERENT RISK OF LOSS.

Third-Party Service and Content Disclaimers

THE PLATFORM MAY CONTAIN LINKS TO OR INTEGRATE WITH THIRD-PARTY WEBSITES, APPLICATIONS, SERVICES, OR CONTENT NOT OWNED OR CONTROLLED BY KAIKO. KAIKO ASSUMES NO RESPONSIBILITY FOR THE CONTENT, PRIVACY POLICIES, PRACTICES, OR PERFORMANCE OF ANY THIRD-PARTY SERVICES OR CONTENT.

USERS ACKNOWLEDGE AND AGREE THAT KAIKO SHALL NOT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS CAUSED OR ALLEGED TO BE CAUSED BY OR IN CONNECTION WITH USE OF OR RELIANCE ON ANY THIRD-PARTY SERVICES OR CONTENT. ACCESS AND USE OF THIRD-PARTY SERVICES ARE GOVERNED BY SUCH THIRD PARTY’S TERMS OF SERVICE AND PRIVACY POLICIES, AND USERS ACCESS THEM AT THEIR OWN RISK.

Comprehensive Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL KAIKO, ITS AFFILIATES, LICENSORS, SERVICE PROVIDERS, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SUCCESSORS, OR ASSIGNS BE LIABLE TO ANY USER OR THIRD PARTY FOR:

(a) ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER;

(b) LOSS OF PROFITS, REVENUE, BUSINESS OPPORTUNITIES, GOODWILL, ANTICIPATED SAVINGS, OR DATA;

(c) PERSONAL INJURY, PROPERTY DAMAGE, OR OTHER LOSSES ARISING FROM PLATFORM USE OR INABILITY TO USE THE PLATFORM;

(d) UNAUTHORIZED ACCESS TO OR ALTERATION OF USER TRANSMISSIONS OR DATA;

(e) STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE PLATFORM;

(f) BUSINESS INTERRUPTION, SYSTEM DOWNTIME, OR SERVICE UNAVAILABILITY;

(g) SECURITY BREACHES, VIRUSES, TROJAN HORSES, OR OTHER HARMFUL CODE THAT MAY AFFECT USER COMPUTER EQUIPMENT OR OTHER PROPERTY;

(h) ERRORS, OMISSIONS, OR INACCURACIES IN AI-GENERATED CONTENT OR REAL-TIME DATA INTEGRATION;

(i) DECISIONS MADE IN RELIANCE UPON PLATFORM CONTENT, AI ASSISTANT RESPONSES, OR DATA PROVIDED THROUGH THE PLATFORM; OR

(j) ANY OTHER MATTER RELATING TO THE PLATFORM,

WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY, STRICT LIABILITY, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT KAIKO HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

Aggregate Liability Cap

IN JURISDICTIONS THAT DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, KAIKO’S LIABILITY SHALL BE LIMITED TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW. IN NO EVENT SHALL KAIKO’S TOTAL AGGREGATE LIABILITY TO ANY USER FOR ALL CLAIMS ARISING FROM OR RELATING TO THESE TERMS OR PLATFORM USE EXCEED THE GREATER OF: (i) THE AMOUNT PAID BY USER, IF ANY, FOR PLATFORM ACCESS DURING THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO SUCH LIABILITY; OR (ii) ONE HUNDRED U.S. DOLLARS (USD $100.00).

Basis of the Bargain and Essential Terms

THE DISCLAIMERS, EXCLUSIONS, AND LIMITATIONS OF LIABILITY SET FORTH IN THIS SECTION CONSTITUTE AN ESSENTIAL BASIS OF THE BARGAIN BETWEEN KAIKO AND USERS. USERS ACKNOWLEDGE THAT KAIKO WOULD NOT PROVIDE THE PLATFORM OR ENTER INTO THESE TERMS WITHOUT THESE LIMITATIONS ON LIABILITY AND WARRANTIES.

User Acknowledgment and Risk Assumption

BY USING THE PLATFORM, USERS EXPRESSLY ACKNOWLEDGE AND AGREE THAT:

(a) PLATFORM USE INVOLVES INHERENT RISKS INCLUDING BUT NOT LIMITED TO RELIANCE ON AUTOMATED SYSTEMS, THIRD-PARTY INTEGRATIONS, AND RAPIDLY CHANGING MARKET CONDITIONS;

(b) USERS ASSUME FULL RESPONSIBILITY FOR EVALUATING THE SUITABILITY, ACCURACY, AND COMPLETENESS OF ALL PLATFORM CONTENT AND SERVICES;

(c) BUSINESS, INVESTMENT, AND STRATEGIC DECISIONS BASED UPON PLATFORM CONTENT REMAIN SOLELY WITHIN USER DISCRETION AND RESPONSIBILITY; AND

(d) TECHNOLOGICAL SYSTEMS, INCLUDING AI PROCESSING AND REAL-TIME DATA INTEGRATION, CANNOT GUARANTEE PERFECT ACCURACY OR CONTINUOUS AVAILABILITY.

Survival and Enforceability

THE PROVISIONS OF THIS SECTION SHALL SURVIVE TERMINATION OF THESE TERMS AND CONTINUE IN FULL FORCE AND EFFECT. IF ANY PORTION OF THESE DISCLAIMERS OR LIMITATIONS IS HELD UNENFORCEABLE, THE REMAINDER SHALL REMAIN IN FULL EFFECT, AND THE UNENFORCEABLE PROVISION SHALL BE DEEMED MODIFIED TO THE MINIMUM EXTENT NECESSARY TO MAKE IT ENFORCEABLE WHILE PRESERVING ITS INTENT.

10. Miscellaneous

Platform Operation and Jurisdictional Scope

The Platform is controlled and operated by Challenger Deep SAS, doing business as Kaiko, from its designated operational locations. Kaiko makes no representation that Platform services, research content, AI Assistant capabilities, or materials provided through the Platform are appropriate, available, or legally permissible for use in all jurisdictions worldwide.

Users who access the Platform from jurisdictions outside those where Kaiko maintains operational presence do so entirely at their own risk and assume sole responsibility for compliance with all applicable local laws, regulations, export controls, sanctions regimes, and other legal requirements that may govern Platform access or content utilization in their jurisdiction of access or residence.

Service Availability and International Access

Kaiko does not represent that Platform materials, services, or functionality are suitable, available, or compliant with legal requirements in all international locations. The Platform’s integration with third-party services, processing of financial market data, and AI-powered analytical capabilities may be subject to restrictions, licensing requirements, or regulatory prohibitions in certain jurisdictions.

Users acknowledge that Platform access from restricted jurisdictions may violate local laws, professional regulations, or governmental restrictions, and agree that such violations constitute user responsibility rather than Platform operational deficiencies. International users must evaluate Platform compatibility with their local legal frameworks before engaging with Platform services.

Governing Law Framework

These Terms and all aspects of the user relationship with Kaiko, including Platform access, service utilization, intellectual property rights, liability limitations, and dispute resolution procedures, shall be governed by and construed in accordance with the laws of the State of New York, United States of America, without regard to conflict-of-law principles that might require application of the laws of another jurisdiction.

The selection of New York law reflects Kaiko’s operational framework, regulatory environment, and the legal infrastructure necessary to support Platform operations, intellectual property protection, and user relationship management. This governing law selection provides legal certainty and predictability for both Kaiko and Platform users regardless of their geographic location or jurisdiction of access.

Exclusive Jurisdiction and Venue

For any disputes, claims, or legal proceedings not subject to alternative dispute resolution mechanisms, users agree to submit to the exclusive jurisdiction of the state and federal courts located in New York County, New York, United States of America. This exclusive jurisdiction applies to all legal proceedings arising from Platform use, Terms interpretation, breach of contract claims, intellectual property disputes, or any other matters related to the user relationship with Kaiko.

Users expressly waive any objections to venue or jurisdiction in New York courts and agree not to assert that such courts constitute an inconvenient forum for dispute resolution. This jurisdictional agreement ensures centralized, efficient dispute resolution while providing access to courts with experience in technology, intellectual property, and international business matters.

International User Acknowledgments

International users acknowledge and agree that their Platform engagement may subject them to U.S. law, New York state law, and the jurisdiction of New York courts regardless of their location, residence, or citizenship. This acknowledgment includes understanding that legal proceedings, if necessary, will be conducted in English under U.S. legal procedures and standards.

Users located outside the United States acknowledge that Platform access may involve cross-border data transfers, international payment processing, and other activities that may be regulated differently in their jurisdiction compared to U.S. legal frameworks. Such users assume responsibility for understanding and complying with these international legal complexities.

Regulatory Compliance and Export Controls

Platform access and utilization remain subject to U.S. export control laws, economic sanctions, and other regulatory requirements that may restrict or prohibit service provision to certain jurisdictions, entities, or individuals. Users acknowledge that these regulatory frameworks may affect Platform availability, feature access, or service continuity based on evolving governmental policies and enforcement priorities.

International users agree to comply with all applicable export control laws, sanctions requirements, and regulatory restrictions that may govern their Platform access or utilization of Platform-derived information and insights. Violation of such requirements may result in immediate Platform access termination and potential legal consequences under applicable law.

Enforcement and Legal Proceedings

Kaiko reserves the right to pursue legal enforcement of these Terms, intellectual property protection, and other legal rights in any jurisdiction where users are located, conduct business, or maintain assets, while maintaining the exclusive jurisdiction provisions set forth herein for user-initiated claims against Kaiko.

This enforcement authority enables Kaiko to protect Platform integrity, intellectual property rights, and user community interests through appropriate legal mechanisms while providing users with clear expectations regarding dispute resolution procedures and jurisdictional requirements.

Severability and Modification

If any provision of these jurisdictional and governing law terms is deemed invalid, unenforceable, or contrary to applicable law by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. Any invalid provision shall be deemed modified to the minimum extent necessary to make it enforceable while preserving its essential intent and purpose.

These governing law and jurisdiction provisions constitute fundamental elements of the Platform relationship and cannot be modified except through written agreement executed by authorized Kaiko representatives. Users may not unilaterally alter jurisdictional agreements or governing law selections through conduct, communications, or other actions.