Terms of Service

PLEASE READ THESE TERMS OF SERVICE CAREFULLY. THEY CONTAIN IMPORTANT PROVISIONS THAT LIMIT OUR LIABILITY AND GOVERN THE RESOLUTION OF DISPUTES, INCLUDING A BINDING ARBITRATION AGREEMENT AND A WAIVER OF CLASS ACTION RIGHTS. BY ACCESSING OR USING THE SERVICE YOU AGREE TO BE BOUND BY THESE TERMS.

These Terms of Service (“Terms”) constitute a legally binding agreement between You (“You,” “Your,” or “User”) and Vector Research (“Vector Research,” “we,” “us,” or “our”) governing Your access to and use of vectorresearch.xyz, including all research reports, written analysis, methodology documents, scoring systems, charts, models, graphics, code, and other materials made available through it (collectively, the “Service”). By accessing or using the Service in any manner, You acknowledge that You have read, understood, and agree to be bound by these Terms, together with our Privacy Policy and Disclaimer, which are incorporated by reference.

Recitals

WHEREAS, Vector Research operates an independent research publication, the analytical output of which constitutes commentary and opinion of general application, and is not personalized investment advice, asset management, or any other activity for which a regulatory authorization may be required;

WHEREAS, the Service is provided as a publication and is not the delivery of any service for which Vector Research could properly be deemed to act in a fiduciary, advisory, or similar capacity to any User;

WHEREAS, You wish to access the Service subject to, and on the basis of, these Terms;

NOW, THEREFORE, in consideration of the mutual covenants set forth below and the access provided to You hereunder, the parties agree as follows.

Defined Terms

For purposes of these Terms, the following terms have the meanings set forth below. Other capitalized terms have the meanings ascribed to them where they first appear.

• “Affiliate” means, with respect to a person, any other person that, directly or indirectly, controls, is controlled by, or is under common control with such person.
• “Applicable Law” means all federal, state, and local laws, statutes, regulations, ordinances, codes, rules, orders, judgments, decrees, injunctions, and treaties applicable to a party.
• “Confidential Information” means any non-public information disclosed by Vector Research to a User in connection with the Service, including but not limited to unpublished research drafts, internal methodology, and access tokens.
• “Content” has the meaning set forth in Section 6.
• “Person” means any natural person, corporation, partnership, limited liability company, trust, unincorporated organization, or other legal entity.

1. Nature of the Service

The Service publishes opinions, analysis, and commentary for informational and educational purposes only. The Service is journalism and commentary — not personalized financial advice. Vector Research does not provide individualized investment advice, does not manage client assets, does not maintain any fiduciary relationship with any User, and is not a registered investment adviser, broker-dealer, or financial planner. Nothing on the Service is intended to be, nor should it be construed as, financial, legal, tax, accounting, or other professional advice.

2. Eligibility

You must be at least 18 years old and legally capable of forming a binding contract to use the Service. By using the Service, you represent and warrant that: (a) you meet the eligibility requirements; (b) you have not previously been suspended or removed from the Service; and (c) your use of the Service complies with all applicable laws and regulations in your jurisdiction.

3. Account Registration and Security

Certain features require you to create an account. You agree to provide accurate, current, and complete information and to maintain and update this information. You are solely responsible for safeguarding your credentials and for all activity that occurs under your account. Notify us immediately at torres@vectorresearch.xyz of any unauthorized access. We are not liable for any loss or damage arising from your failure to safeguard your credentials.

4. Paid Products

Vector Research currently does not offer paid subscriptions or other paid products. If a paid product is introduced in the future, it will be governed by terms posted at that time, including pricing, billing, renewal, cancellation, and refund provisions. No fees are charged to Users for access to the Service as currently operated.

5. Reserved

This section is intentionally left as a placeholder. It may be revised in a future version of these Terms.

6. License and Intellectual Property

All content made available through the Service — including but not limited to research reports, written analysis, headlines, thesis statements, executive summaries, charts, graphics, tables, data compilations, scores, rankings, methodologies, editorial commentary, audio or video recordings, source code, trademarks, logos, brand elements, and the overall look and feel of the Service (collectively, “Content”) — is the exclusive property of Vector Research or its licensors and is protected by U.S. and international copyright, trademark, trade secret, database-right, and other intellectual-property laws. All rights not expressly granted are reserved.

Subject to these Terms, Vector Research grants you a limited, revocable, non-exclusive, non-transferable, non-sublicensable, personal license to access and use the Service and Content solely for your own individual, non-commercial reading and reference. This license confers no ownership and no right of further use beyond what is expressly permitted in these Terms.

7. Restrictions on Use of Content

You expressly agree that you will NOT, whether directly or through any third party, do any of the following with respect to the Service or Content:

7.1 No Resale or Redistribution

• Sell, rent, lease, sublicense, distribute, transmit, broadcast, publish, or otherwise make available any Content to any third party, in whole or in part, in any form or medium, whether for consideration or free of charge.
• Post, forward, email, or otherwise transmit Content to any non-subscriber, mailing list, Slack or Discord server, Telegram channel, WhatsApp group, internal corporate network, social platform, or any other channel of distribution.
• Incorporate any Content into derivative works, reports, newsletters, blogs, podcasts, videos, or other publications.
• Use any Content for any commercial purpose, including but not limited to reselling research, creating competing analytical products, providing paid advisory services, or supporting investment decision-making for third parties.

7.2 No Automated Access, Scraping, or API Extraction

You agree not to access the Service, or extract any Content, through any automated, programmatic, or non-human means. In particular, you shall not, and shall not attempt to:

• Use any robot, spider, crawler, scraper, bot, script, headless browser, screen-scraper, proxy network, or other automated tool to access, index, copy, harvest, collect, or monitor any part of the Service or Content;
• Use any API, data feed, or integration with the Service except through interfaces that we expressly publish and authorize, and then solely in accordance with any applicable documentation, rate limits, and credentials;
• Circumvent, disable, or interfere with any technical measure that protects the Service or limits access, including paywalls, rate limits, robots.txt directives, IP blocks, bot-detection, or authentication mechanisms;
• Generate, solicit, or use access tokens, cookies, API keys, session credentials, or any other credentials other than those expressly issued to you for your own individual use;
• Aggregate, index, or build any searchable database of Content, or create any archive or cache of Content for any purpose other than your own individual reading.

7.3 No AI Training or Machine Learning Use

• You expressly agree not to use any Content, in whole or in part, to train, fine-tune, pre-train, evaluate, benchmark, or otherwise develop any artificial-intelligence, machine-learning, large-language, generative, or statistical model, whether proprietary, open-source, or third-party.
• You expressly agree not to submit Content to any AI or automated system (including commercial chat assistants, embeddings providers, or summarization tools) in a manner that would result in Content being incorporated into such system’s training data, corpus, model weights, or retrieval database.

7.4 No Account-Sharing

• Your subscription is personal to you and non-transferable. You shall not share, lend, rent, or make your login credentials, access token, email link, or subscriber cookie available to any other person or entity.
• A single subscription may be used by one individual on devices under that individual’s control. Simultaneous use of an account from multiple unrelated IP addresses, geographies, or devices may, in our sole discretion, be treated as account-sharing and result in suspension.

7.5 No Reverse Engineering or Circumvention

• You shall not reverse engineer, decompile, disassemble, or attempt to derive the source code, underlying models, methodologies, or trade secrets of the Service.
• You shall not remove, alter, obscure, or interfere with any proprietary notice, copyright mark, watermark, attribution, or disclaimer on any Content.

7.6 Enforcement

Any violation of this Section constitutes a material breach of these Terms. Vector Research may immediately terminate Your access, disgorge any fees paid, pursue injunctive relief, recover its reasonable attorneys’ fees and costs, and pursue all other available remedies under applicable law and equity, including without limitation those available under applicable copyright, trade-secret, anti-circumvention, and computer-misuse regimes.

8. General User Conduct

In addition to the specific restrictions in Section 7, you agree not to:

• Violate any applicable law, regulation, or third-party right
• Impersonate any person or misrepresent your affiliation
• Upload viruses, malware, or other harmful code
• Interfere with or disrupt the Service or its servers
• Attempt to gain unauthorized access to any portion of the Service
• Use the Service to engage in market manipulation, insider trading, or any securities law violation
• Use the Service in any manner that could damage, disable, overburden, or impair the Service

9. User-Submitted Content and Feedback

If you submit comments, suggestions, ideas, feedback, or other materials to us, you grant Vector Research a perpetual, irrevocable, worldwide, royalty-free, sublicensable, and transferable license to use, reproduce, modify, and exploit such materials in any form. You waive any moral rights in such materials to the maximum extent permitted by law.

10. Third-Party Content and Links

The Service may contain links to, or information derived from, third-party websites, services, or data providers. We do not endorse, control, or assume responsibility for third-party content. Your use of any third-party site or service is at your own risk and subject to their terms.

11. DISCLAIMER OF WARRANTIES

THE SERVICE AND ALL CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGEMENT, QUIET ENJOYMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

We do not warrant that the Service will be uninterrupted, error-free, secure, or free from viruses. We do not warrant the accuracy, reliability, or completeness of any Content. Any reliance on Content is strictly at your own risk.

12. LIMITATION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL VECTOR RESEARCH, ITS AFFILIATES, OR ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, LICENSORS, OR SERVICE PROVIDERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA, USE, GOODWILL, OR INVESTMENT LOSSES, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF, OR INABILITY TO USE, THE SERVICE OR ANY CONTENT, EVEN IF VECTOR RESEARCH HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, VECTOR RESEARCH’S TOTAL CUMULATIVE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THE SERVICE WILL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID TO VECTOR RESEARCH IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS ($100).

You acknowledge that you bear sole responsibility for your investment decisions and that any profits or losses resulting from your use of Content are your own.

13. Indemnification

You agree to defend, indemnify, and hold harmless Vector Research and its affiliates, officers, directors, employees, agents, licensors, and service providers from and against all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Service; (b) your violation of these Terms; (c) your violation of any third-party right; (d) your investment decisions or trades; or (e) any content you submit to the Service.

14. Termination

We may suspend or terminate your account and access to the Service at any time, for any reason or no reason, with or without notice, including for violation of these Terms. Upon termination, your right to access the Service immediately ceases. Sections intended to survive termination will survive.

15. Force Majeure

Neither Vector Research nor any of its Affiliates, officers, directors, employees, agents, licensors, or service providers shall be liable for any failure or delay in performance under these Terms or with respect to the Service caused by, arising from, or attributable to circumstances beyond our reasonable control, including: acts of God, fire, flood, earthquake, hurricane, severe weather, or other natural disasters; epidemic, pandemic, or other public-health event (or government response thereto); war, terrorism, sabotage, civil unrest, riot, insurrection, or revolution; labor disputes, strikes, lockouts, or work stoppages (whether or not involving Vector Research personnel); failure or interruption of utilities, transportation, or telecommunications; cyber-attacks, distributed denial-of-service attacks, or other malicious interference; outages, disruption, or failure of third-party hosting, networking, payment-processing, identity, or data-services providers; failure of equipment or systems not proximately within our control; embargo, export controls, sanctions, or other governmental action; new or changed Applicable Law; or any other cause beyond reasonable control. The performance affected by a force majeure event shall be suspended for the duration of that event, and the obligation shall be performed within a reasonable time after the event subsides. The party affected shall give reasonable notice of the event where practicable.

16. Dispute Resolution — Layered Process; Binding Arbitration

16.1 Informal Negotiation. Before commencing any formal proceeding, You and Vector Research will first attempt in good faith to resolve any dispute, claim, or controversy arising out of or relating to these Terms or the Service (each, a “Dispute”) by written notice to the other party describing the Dispute with reasonable particularity and the relief sought, followed by a sixty (60) day period of good-faith negotiation. Where permitted by applicable law, any contractual filing deadlines will be tolled during this informal- resolution period.

16.2 Binding Arbitration. If the Dispute is not resolved through informal negotiation, the Dispute, including disputes regarding the formation, scope, validity, or termination of these Terms, will be resolved by binding individual arbitration administered by an internationally recognized arbitral institution agreed by the parties under its applicable rules. The seat of arbitration and the language of the proceedings will be as agreed between the parties or, failing agreement, as determined under the rules of the institution administering the arbitration. Arbitration may be conducted in person or via video-conference at the parties’ election. The arbitrator’s award will be final and binding, and judgment thereon may be entered in any court of competent jurisdiction.

16.3 Carve-Outs. Notwithstanding Section 16.2, either party may seek injunctive or other equitable relief in a court of competent jurisdiction for any claim relating to the intellectual property, Confidential Information, or unauthorized access of the other party, and either party may seek relief in any small-claims forum for Disputes within that forum’s competence.

16.4 Opt-Out. You may opt out of this arbitration agreement by sending written notice of Your intent to opt out to torres@vectorresearch.xyz within thirty (30) days after first accepting these Terms. Such notice must include Your name, the email associated with Your account, and a clear statement that You wish to opt out of arbitration.

17. Class Action Waiver

YOU AGREE THAT ALL DISPUTES WILL BE RESOLVED ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE ANY RIGHT TO A JURY TRIAL AND ANY RIGHT TO PARTICIPATE IN A CLASS ACTION.

18. Governing Law

These Terms, and any Dispute arising out of or in connection with them, will be governed by and construed in accordance with the laws applicable to Vector Research’s operations, without regard to any conflict-of-laws principles that would require application of another body of law. The parties acknowledge that the choice of arbitral seat under Section 16 may, in addition, bear on procedural matters in any arbitration.

19. Changes to These Terms

We may modify these Terms at any time. Material changes will be communicated by posting the updated Terms with a new “Last updated” date and, where appropriate, by email or in-Service notice. Your continued use of the Service after a change constitutes acceptance of the revised Terms.

20. Entire Agreement; Severability; No Waiver; Assignment

These Terms, together with the Privacy Policy, the Disclaimer, the Editorial Standards, the Disclosures, and any other policies posted to the Service and incorporated by reference, constitute the entire agreement between You and Vector Research regarding the Service and supersede all prior or contemporaneous agreements, communications, and proposals, whether oral or written, with respect to the subject matter hereof. If any provision is held unenforceable, the remaining provisions will remain in full force and effect, and the unenforceable provision shall be deemed reformed to the minimum extent necessary to make it enforceable. No failure or delay in exercising any right under these Terms shall operate as a waiver, and no waiver of any term is deemed a further or continuing waiver of that or any other term. You may not assign or transfer these Terms or any of Your rights or obligations hereunder without our prior written consent, and any purported assignment in violation of this provision shall be void; we may assign these Terms freely, including in connection with a merger, acquisition, reorganization, or sale of all or substantially all assets to which these Terms relate.

21. Notice and Contact

Notices to Vector Research shall be sent to torres@vectorresearch.xyz and shall be deemed delivered upon confirmation of receipt. Notices to You may be sent to the email associated with Your account, posted to the Service, or, where applicable, displayed on first access. You consent to receive notices electronically, and You agree that all electronic notices satisfy any legal requirement that such communications be in writing.

22. Miscellaneous

22.1 No Agency or Partnership. Nothing in these Terms creates any agency, partnership, joint venture, fiduciary, or employment relationship between You and Vector Research. Neither party has the authority to bind the other to any obligation.

22.2 Survival. The provisions of these Terms that by their nature are intended to survive termination, including Sections 6 (License and IP), 7 (Restrictions), 9 (User-Submitted Content), 11 (Disclaimer of Warranties), 12 (Limitation of Liability), 13 (Indemnification), 16 (Dispute Resolution), 17 (Class Action Waiver), 18 (Governing Law), 20 (Entire Agreement), and this Section 22, shall survive any termination or expiration of these Terms.

22.3 No Third-Party Beneficiaries. Except as expressly provided herein with respect to Vector Research’s Affiliates, officers, directors, employees, agents, licensors, and service providers (each of whom is an intended beneficiary of the warranty disclaimers, liability limitations, and indemnification provisions of these Terms), these Terms confer no rights upon any person not a party hereto.

22.4 Headings; Construction. The headings in these Terms are for convenience only and shall not affect construction or interpretation. The words “include,” “includes,” and “including” shall be deemed to be followed by the phrase “without limitation.” The singular includes the plural and vice versa. The terms “hereof,” “herein,” and similar terms refer to these Terms as a whole.

22.5 Equitable Relief. You acknowledge that any breach by You of Sections 6 (License and IP), 7 (Restrictions), or of any obligation of confidentiality may cause Vector Research irreparable harm for which monetary damages would be an inadequate remedy, and accordingly that Vector Research shall be entitled to seek equitable relief, including specific performance and injunctive relief, without the necessity of posting bond or proving actual damages.

22.6 Counterparts; Electronic Acceptance. These Terms may be accepted by electronic means, and Your acceptance by click-through, account creation, continued use, or other manifestation of assent shall be deemed equivalent to a signed writing.

22.7 Language. These Terms are drafted in English. Any translation provided is for convenience only; the English version controls in all respects.