Terms of Service

1. Acceptance of Terms

By accessing or using the GuruFocus platform ("Service"), you agree to be bound by these Terms of Service ("Terms"). If you disagree with any part of these terms, then you may not access the Service.

These Terms apply to all visitors, users, and others who access or use the Service. Your access to and use of the Service is conditioned on your acceptance of and compliance with these Terms.

2. Description of Service

GuruFocus is a professional investment research platform that provides:

• Advanced stock screening tools with 500+ filters
• Portfolio analysis and optimization tools
• Real-time market data and financial information
• Investment research and analysis tools
• Guru tracking and institutional investment insights
• Backtesting and strategy development tools
• DCF valuation models and financial calculators

3. User Registration and Account

3.1 Account Creation

To access certain features of the Service, you must register for an account. When you create an account, you must provide information that is accurate, complete, and current at all times.

3.2 Account Security

You are responsible for safeguarding the password and for all activities that occur under your account. You agree to:

• Choose a strong, unique password
• Not share your account credentials with others
• Notify us immediately of any unauthorized access
• Log out of your account at the end of each session

3.3 Account Termination

We reserve the right to terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

4. Subscription and Payment Terms

4.1 Subscription Plans

GuruFocus offers various subscription plans with different features and pricing. Current pricing and plan details are available on our website.

4.2 Free Trial

We may offer a free trial period for new users. After the trial period, you will be charged the subscription fee unless you cancel before the trial expires.

4.3 Payment and Billing

• Subscription fees are billed in advance on a monthly or annual basis
• Payment is due immediately upon subscription or renewal
• We accept major credit cards and other payment methods as specified
• All fees are non-refundable unless otherwise stated

4.4 Automatic Renewal

Your subscription will automatically renew at the end of each billing period unless you cancel your subscription before the renewal date.

4.5 Cancellation

You may cancel your subscription at any time through your account settings. Cancellation will be effective at the end of your current billing period.

5. Acceptable Use and Restrictions

5.1 Permitted Use

You may use the Service only for lawful purposes and in accordance with these Terms. You agree to use the Service only for your personal or internal business purposes.

5.2 Prohibited Activities

You agree not to:

• Use the Service for any unlawful purpose or illegal activity
• Attempt to gain unauthorized access to any part of the Service
• Reverse engineer, decompile, or disassemble any part of the Service
• Use automated scripts, bots, or data mining tools
• Resell, redistribute, or sublicense the Service
• Share your account credentials with unauthorized users
• Interfere with or disrupt the Service or servers

5.3 Data Usage Limits

Your use of the Service may be subject to certain usage limits, including but not limited to API calls, data downloads, and concurrent sessions.

6. Investment Data and Disclaimer

6.1 Data Sources

We obtain financial data from various third-party sources that we believe to be reliable. However, we cannot guarantee the accuracy, completeness, or timeliness of such data.

6.2 No Investment Advice

The information provided through the Service is for informational and educational purposes only and should not be considered as:

• Investment, financial, or tax advice
• A recommendation to buy, sell, or hold any security
• A guarantee of future performance
• Personalized investment guidance

6.3 Risk Disclosure

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. You should consult with qualified professionals before making investment decisions.

7. Intellectual Property Rights

7.1 Our Property

The Service and its original content, features, and functionality are and will remain the exclusive property of GuruFocus and its licensors. The Service is protected by copyright, trademark, and other laws.

7.2 Limited License

We grant you a limited, non-exclusive, non-transferable license to access and use the Service strictly in accordance with these Terms.

7.3 Restrictions

You may not copy, modify, distribute, sell, or lease any part of our Service or included software, nor may you reverse engineer or attempt to extract the source code of that software.

8. Privacy and Data Protection

Your privacy is important to us. Our Privacy Policy explains how we collect, use, and protect your information when you use our Service. By using our Service, you agree to the collection and use of information in accordance with our Privacy Policy.

8.1 Data Security

We implement appropriate technical and organizational measures to protect your personal data against unauthorized access, alteration, disclosure, or destruction.

8.2 Data Retention

We retain your personal data only for as long as necessary to provide the Service and comply with legal obligations.

9. Limitation of Liability

9.1 Disclaimer of Warranties

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

9.2 Limitation of Liability

IN NO EVENT SHALL INVESTFOCUS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.

9.3 Maximum Liability

OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATING TO THE SERVICE SHALL NOT EXCEED THE AMOUNT YOU PAID TO US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

10. Termination

10.1 Termination by You

You may terminate your account at any time by canceling your subscription through your account settings or by contacting us.

10.2 Termination by Us

We may terminate or suspend your account and access to the Service immediately, without prior notice, if you breach these Terms or for any other reason at our sole discretion.

10.3 Effect of Termination

Upon termination, your right to use the Service will cease immediately. All provisions of these Terms that should survive termination shall survive, including ownership provisions, warranty disclaimers, and limitations of liability.

11. Modifications to Terms

We reserve the right to modify or replace these Terms at any time. If a revision is material, we will try to provide at least 30 days advance notice prior to any new terms taking effect.

Your continued use of the Service after any such changes constitutes your acceptance of the new Terms. If you do not agree to the new Terms, you should stop using the Service.

12. Governing Law

These Terms shall be interpreted and governed by the laws of the jurisdiction in which GuruFocus is incorporated, without regard to its conflict of law provisions.

12.1 Dispute Resolution

Any disputes arising from these Terms or your use of the Service will be resolved through binding arbitration in accordance with the rules of the applicable arbitration association.

12.2 Class Action Waiver

You agree that any arbitration or legal proceeding shall be limited to the dispute between us individually. Neither you nor we will seek to have any dispute heard as a class action, private attorney general action, or in any other proceeding in which either party acts or proposes to act in a representative capacity.

13. Contact Information

If you have any questions about these Terms, please contact us at: