Terms of Service

Acceptance of Terms

By accessing or using the website at maldonadoequityresearch.com, subscribing to any MER service, or using any MER tool or report ("Services"), you agree to be bound by these Terms of Service ("Terms") and our Privacy Policy and Disclaimer, which are incorporated herein by reference.

If you do not agree to these Terms, do not use MER Services. We reserve the right to modify these Terms at any time. Material changes will be communicated via email or site notice. Continued use after modification constitutes acceptance.

Eligibility

You must be at least 18 years of age and legally capable of entering into a binding contract to use MER Services. By using our Services, you represent and warrant that you meet these requirements. MER Services are currently available to residents of the United States. International users access Services at their own risk and are responsible for compliance with local laws.

Description of Services

MER provides AI-powered equity research reports, analytical tools, screeners, and educational content for informational purposes. Subscription tiers range from Free ($0) to Pro Annual ($799/yr). See the tier grid below for full details.

Certain tools (e.g., Trade Card) are available free of charge subject to daily usage limits. MER reserves the right to modify, discontinue, or change pricing of any Service with 30 days' notice to subscribers.

Subscriptions, Billing & Cancellation

Billing

• Subscriptions are billed in advance on a monthly or annual cycle beginning on the date of purchase.
• Payment is processed by Stripe. By subscribing, you authorize Stripe to charge your payment method on each renewal date.
• All prices are in U.S. Dollars. Applicable taxes may be added at checkout.

Cancellation

• You may cancel your subscription at any time via your account settings or by emailing research@maldonadoequityresearch.com.
• Cancellation takes effect at the end of the current billing period. Access continues through the period you have paid for.
• MER does not offer refunds for partial subscription periods except where required by applicable law.

Free Tools

Free tools are provided "as is" with no guarantee of availability. MER may impose usage limits, require email registration, or discontinue free tools at any time without liability.

Intellectual Property & License

All MER content, tools, reports, frameworks, scoring methodologies, branding, and software — including the MER v4.7 PRO framework — are protected by U.S. copyright law and other intellectual property rights owned by Maldonado Equity Research.

Registered works include: U.S. Copyright Cases 1-15112727411, 1-15121199371, and 1-15122691641. Trademark application pending (USPTO Class 036).

MER grants subscribers a limited, non-exclusive, non-transferable, revocable license to access and use MER content solely for personal, non-commercial investment research purposes.

Enforcement & Remedies

Maldonado Equity Research will actively enforce its intellectual property rights. Violations of these Terms may result in:

• Immediate and permanent termination of your subscription and portal access without refund
• Filing of a DMCA takedown notice with the relevant hosting provider, platform, or search engine
• Civil legal action for copyright infringement, trade secret misappropriation, or breach of contract
• Pursuit of statutory damages, actual damages, lost profits, and attorney's fees under applicable law

MER employs technical measures — including watermarking, subscriber-specific identifiers, and access logging — to identify the source of any unauthorized distribution. Sharing a report does not provide anonymity.

Confidentiality

All MER reports, tools, and subscriber portal content are confidential and proprietary. By accessing this content, you agree to maintain its confidentiality and to take reasonable precautions to prevent unauthorized access or disclosure to any third party.

You agree not to disclose, discuss, or publish any specific price targets, ratings, scoring outputs, or proprietary methodologies from MER reports in any public forum, media outlet, or online platform without prior written consent from MER.

Watermarking & Tracking

Every PDF report delivered by MER is embedded with a subscriber-specific digital watermark that includes your registered email address and a unique subscriber identifier. This watermark is embedded throughout the document and survives printing, scanning, and reformatting.

This system allows MER to identify the source of any unauthorized copy of a report with high confidence. Discovery of unauthorized distribution will be treated as a breach of these Terms and pursued accordingly.

By accepting delivery of any MER report, you acknowledge the presence of this watermark and consent to its use for the purpose of intellectual property protection.

No Investment Advice; AI Disclosure

User Conduct

By using MER Services, you agree not to:

• Attempt to reverse-engineer, scrape, or extract MER's proprietary scoring methodology or AI prompts.
• Use automated tools (bots, crawlers) to access MER Services beyond permitted use.
• Share subscription credentials with others outside your household.
• Use MER Services for any unlawful purpose, including securities fraud or market manipulation.
• Interfere with the security or integrity of MER's platform or infrastructure.
• Misrepresent MER content as your own original research or licensed analysis.

MER reserves the right to suspend or terminate access for violation of these Terms without refund.

Third-Party Links & Data

MER Services may contain links to third-party websites or incorporate third-party market data. MER is not responsible for the accuracy, availability, or content of third-party sources. Reference to any specific security, company, or financial product does not constitute an endorsement by MER.

MER tools that incorporate real-time or delayed market data (e.g., the LEAPS Tool via Tradier API) are subject to those providers' data usage terms. Market data is provided for informational purposes and may be delayed.

Limitation of Liability & Disclaimer of Warranties

MER SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, MALDONADO EQUITY RESEARCH SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF MER SERVICES, INCLUDING INVESTMENT LOSSES, EVEN IF MER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

MER's total aggregate liability for any claim arising from your use of Services shall not exceed the total subscription fees paid by you to MER in the three (3) months preceding the claim.

Indemnification

You agree to indemnify, defend, and hold harmless Maldonado Equity Research and its founder, employees, and affiliates from any claims, damages, losses, or expenses (including attorneys' fees) arising from: (a) your use of MER Services in violation of these Terms; (b) your violation of any applicable law; or (c) investment decisions made in reliance on MER content.

Dispute Resolution & Governing Law

Binding Arbitration

Any dispute arising from these Terms or your use of MER Services shall be resolved by binding arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules, conducted in New York, NY. You waive your right to a jury trial or class action lawsuit.

Exceptions

Either party may seek injunctive or equitable relief in a court of competent jurisdiction to protect intellectual property rights or prevent unauthorized use of MER content.

Small Claims

Either party may bring individual claims in small claims court in New York County, NY, if the claim qualifies.

Termination

MER may suspend or terminate your access to Services at any time for breach of these Terms, fraudulent activity, or for any reason with 30 days' notice. Upon termination, your license to use MER content is immediately revoked. Provisions that by their nature should survive termination (IP, limitation of liability, dispute resolution) shall survive.

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