Terms & Conditions

1. Introduction and Acceptance

These Terms & Conditions (“Terms”) govern your access to and use of the Kvantra platform, websites, mobile applications, tools and services (collectively, the “Platform”).

The Platform is operated by Kvantra Operations AS, a company incorporated under the laws of Norway (org.nr 937 809 697) with registered address Keiser Wilhelms gate 22, 6003 Ålesund (“Kvantra”, “we”, “us”, “our”). The Platform, its software, models and intellectual property are owned by its parent company Kvantra AS (org.nr 935 948 940) and operated by Kvantra Operations AS under licence.

By creating an account, starting a trial, purchasing a subscription, joining a referral group or using the Platform in any way, you:

• confirm that you have read and understood these Terms,
• agree to be legally bound by them, and
• acknowledge that we process personal data as described in our Privacy Policy.

If you do not agree to these Terms, you must not use the Platform.

Language. The Platform and these Terms are in English, and we communicate with you in English. You can also contact our support in Norwegian. This does not affect any right you may have under mandatory law to receive information in another language.

These Terms, our End User License Agreement (EULA) and our Refund Policy together form the entire agreement between you and Kvantra regarding your use of the Platform. If they conflict, these Terms prevail, except that the EULA governs licensing, intellectual property and use of the software. Our Privacy Policy explains how we process personal data. It is information for you, not part of the agreement. When you pay for a Subscription, the terms of the relevant Payment Provider also apply to the payment (see Section 5.5).

2. Definitions

In these Terms:

• “Account” means a user account registered on the Platform.
• “App Store” means the Apple App Store, Google Play or any other app distribution platform through which we make a Kvantra app available.
• “Backtest” means a simulation that applies a model, score or rule (including KvantraRank) to historical data to show how a hypothetical group of stocks or other securities would have performed in the past.
• “Content” means all data, information, text, graphics, algorithms, analytics, charts and other material made available on or via the Platform.
• “End User” means any natural person authorised to access the Platform under an Account and who views or accesses Content, including any derived analytics or scores produced from Third-Party Data.
• “Group” means a referral group as described in Section 6.
• “Kvantra Data” means data, metrics, scores, models and analytics generated or processed through the Platform on the basis of Third-Party Data and/or internal models, including any derived or calculated outputs, factors, rankings or scores.
• “KvantraRank” means Kvantra’s proprietary scoring model. It gives eligible stocks a score from 0 to 100, built from three sub-scores (Quality, Value and Momentum) and compared within sector and region. The term includes the sub-scores and any rankings or score history derived from the model.
• “Payment Provider” means Paddle.com Market Limited (“Paddle”) for purchases made on our website, and the relevant App Store for purchases made inside a Kvantra app.
• “Services” means access to the Platform, including tools for screening, analytics, research, portfolio tracking and related features offered under a paid Subscription or the free plan.
• “Simulated Performance” means any return, chart, table or other performance figure produced by a Backtest, and any score history reconstructed with the Backtest method.
• “Subscription” means a paid plan granting time-limited access to specific Services as described on the Platform.
• “Third-Party Data” means market data, reference data, fundamentals, estimates, analyst price targets and ratings, news or other information provided to Kvantra by external data vendors and displayed or processed through the Platform, including data licensed from Financial Modeling Prep Inc. (“FMP”).
• “User”, “you” means the individual (or, where applicable, the legal entity) registering an Account or accessing the Platform.

3. Scope of Services

3.1 Nature of the Platform

The Platform provides tools, models and data for equity and market analysis. It is designed for informational and educational purposes only. It does not provide personalised investment advice, portfolio management, execution of orders or recommendations to buy, sell or hold any financial instrument.

Kvantra is not an investment firm and is not authorised by the Financial Supervisory Authority of Norway (Finanstilsynet) or any other authority to provide investment services. The Platform provides general, impersonal information: the same scores, rankings and Backtests are shown to every user with access to them, and they do not take your personal circumstances into account.

You remain solely responsible for all investment and trading decisions you make, even where such decisions are informed by Content from the Platform.

3.2 Service Changes

We may add, modify, suspend or remove features, data sources or parts of the Services for valid reasons, such as changes in data supply or vendor terms, legal requirements, security, or technical or product development. We are under no obligation to maintain any specific feature, dataset, model or integration. Your mandatory statutory rights are not affected.

3.3 No Guarantee of Availability

We aim for high uptime and consistent service quality, but we do not guarantee uninterrupted access. Planned and unplanned downtime may occur, including maintenance windows, provider outages and force majeure.

4. Eligibility and Account Registration

4.1 Eligibility

You may only use the Platform if:

• you are at least 18 years old; and
• you have the legal capacity to enter into binding agreements.

If you are using the Platform on behalf of an organisation, you represent that you have authority to bind that organisation to these Terms.

4.2 Account Information

You must provide accurate, complete and up-to-date information when creating an Account, and keep it updated. We may suspend or terminate Accounts created with false or misleading information. This does not apply to your display name, which follows Section 4.4. You may not create more than one Account to obtain additional trials or discounts.

4.3 Account Security

You are responsible for safeguarding your login credentials and for all activity under your Account. You must:

• keep your password confidential;
• notify us promptly of any unauthorised access or suspected breach; and
• log out after each session on shared devices.

You must not share your login credentials with any other person or permit multiple End Users to use a single set of credentials. Each Subscription seat is for use by one (1) named End User only. We may limit logins to one End User per set of credentials and may suspend or terminate Accounts where sharing is suspected.

We may suspend or terminate your Account if we suspect misuse, security risk or breach of these Terms.

4.4 Display Name

You may choose a display name. It may be shown to other users where you interact with them on the Platform, for example in your referral Group and on invitation pages you create. If you do not choose one, you are shown as “PersonX”. Your display name must not be offensive, suggest that you are Kvantra or act on its behalf, or contain contact details, links or advertising. We may change or remove a display name that breaks these rules. These rules also apply to group names, and we may change or remove a group name that breaks them.

5. Subscription Plans, Trials, Payments and Refunds

5.1 Plans and Pricing

Available plans, features and prices are described on the Platform. Prices shown on the Platform include VAT where it applies. Paid plans may be billed monthly or annually. We may change our list prices and plan structures from time to time. We will notify you at least 30 days before an increase in the list price of your Subscription takes effect, and the new price applies from your next renewal after the notice period. You may cancel before the increase applies. Changes to plan structures that reduce what your plan includes apply from your next renewal.

Group discounts change according to the formula in Section 6. A change in your group price caused by members joining or leaving is not a change in the list price.

5.2 Free Trials

We may offer free trials of paid plans. The length and conditions of each trial are shown before it starts.

• Trials without payment details. Some trials do not require payment details. They end automatically when the trial period ends, and your Account returns to the plan you had before the trial (the free plan if you had none), unless you subscribe. If you subscribe during such a trial, the trial runs to its end and the first charge is taken when it ends.
• Trials of a higher plan for paying customers. If you already have a paid Subscription, we may offer you a trial of a higher plan using the payment method on file. Unless you choose otherwise before the trial ends, your Subscription continues on the higher plan when the trial ends. The upgrade then applies as described in Section 5.3, at your group price if you are in a Group. We tell you this before the trial starts. During the trial you can choose to stay on your current plan, or cancel, at no cost.

Each User may use one free trial, unless we decide otherwise. We may modify or end trial offers at any time, without affecting a trial that has already started.

When a trial or Subscription ends or is downgraded, content that exceeds the limits of your new plan (for example portfolios, watchlists or saved screens) is kept, but you must remove content until you are within those limits, or upgrade, before you can continue to use the Platform. While you do this, you can still delete content, cancel your Subscription and ask us for a copy of your data.

5.3 Billing, Renewal, Upgrades and Downgrades

Paid Subscriptions are billed in advance, monthly or annually as selected. Unless cancelled before the renewal date, your Subscription renews automatically and your payment method is charged for the next term. For annual Subscriptions we send you a reminder before the renewal.

If you upgrade to a higher plan, the upgrade takes effect immediately, the unused value of your current period is credited, and you are charged the difference. If you downgrade, you keep your current plan until the end of the period you have paid for, and the lower plan applies from your next billing date.

5.4 Refunds and Money-Back Guarantee

We offer a 14-day money-back guarantee on paid plans bought on our website: if you are not satisfied, you may request a full refund within 14 calendar days of your first paid transaction. The guarantee applies once per User, and upgrading or changing plans does not restart it. If your Subscription started with a trial, the 14 days count from your first payment, not from the start of the trial. Full conditions are set out in our Refund Policy.

Outside the guarantee, fees are non-refundable, including for partial periods, unused features or downgrades, and market movements, the performance of any security and your own investment decisions are not grounds for a refund. This does not apply where these Terms (for example Section 16.3), the Platform or mandatory law say otherwise.

The guarantee is a contractual right that comes in addition to, and does not limit, any mandatory statutory rights you may have. Any refund is limited to the amount of the subscription fee paid. If there is a conflict between a guarantee shown at purchase for a specific plan and this Section 5.4, the terms shown at purchase prevail for that plan.

5.5 Payment Providers

Purchases on our website are processed by Paddle, which acts as merchant of record and reseller of our Subscriptions. Paddle handles payment, invoicing, taxes and payment-related customer service, and your purchase is also subject to Paddle’s buyer terms.

Purchases made inside a Kvantra app are processed by the relevant App Store as merchant of record under its own terms. You manage and cancel such Subscriptions in your App Store account settings.

Group discounts (Section 6) and some other offers are only available for Subscriptions billed through Paddle on our website.

5.6 Payment Failure

If a payment fails, the Payment Provider may retry it. Your access continues while payment is being retried. If the payment is not recovered, or if a payment is reversed, we may:

• suspend or limit access to the Services, and/or
• end the Subscription and move your Account to the free plan, or terminate the Account.

6. Referral Groups

6.1 How Groups Work

Users with a Subscription can invite others to form a Group. A Group can have at most 10 members who count under Section 6.3, and an Account can be in one Group at a time. A Group exists when it has at least two members who count under Section 6.3.

6.2 The Group Price

Your price as a member is the list price of your own plan and billing interval multiplied by 0.9 to the power of (n minus 1), where n is the number of members who count on your billing date. The same formula applies to every member, so members on different plans or billing intervals can be in the same Group. Because n is counted on each member’s own billing date, members can pay different percentages at the same time. Discounts are rounded to two decimal places. For example, the discount is 10% with 2 members, 34.39% with 5 members and 61.26% with 10 members.

6.3 Who Counts

A member counts from their first payment (or, for a User who already pays when they join, from the moment they join) until the end of the period they have paid for. A member who cancels stops counting when that period ends, not on the day they cancel. A member whose payment is being retried counts until the Subscription actually ends. A member who leaves the Group or deletes their Account stops counting when they leave. A person who has been invited but has not paid does not count.

6.4 Your Price Can Go Up as Well as Down

Your price goes down when members join and up when members stop counting, but never above the list price. By joining a Group, you agree to this.

• Monthly plans: a change applies from your next billing date, with no further notice period and no proration. We email you the new price and the date it applies from.
• Annual plans: your price is set on your renewal date, based on the number of members who count on that date. We email you before the renewal with the price that will apply, and again if it changes in the days before the renewal.

If an email does not reach you, the price that applies is still the one given by the formula in Section 6.2.

6.5 Leaving a Group and Dissolution

You can leave a Group, or cancel your Subscription, at any time, including before a new price applies. If you leave a Group without cancelling, you pay the full list price from your next billing date. Members cannot remove other members. If only one member is left, the Group is dissolved and that member pays the full list price from their next billing date.

6.6 Invitations

An invitation link is for one person. It can be used once and expires 48 hours after it is created. A person who uses a link without paying becomes an invited person, and must make their first payment within 30 days of using the link to become a member. If the Group has room at the time of their first payment, they pay the group price. If it is full, they do not join the Group and pay the full list price. The checkout always shows the price they will pay.

You may only share invitation links with people you know personally. You must not post links publicly, send them as unsolicited messages or advertising, or create or control several Accounts to obtain a discount.

6.7 What Other Members See

Other members of your Group can see the group name and information about your membership, such as your display name, your status in the Group and who invited whom, but never your email address or payment details. Anyone who opens an invitation link sees the inviter’s display name, the group name (if any) and the price they would pay.

6.8 Other Rules

If you misuse the referral programme (for example as described in Sections 6.6 and 8), we may remove you from your Group, cancel your discount and charge you the list price for future periods. We will tell you why.

We may change or end the referral programme. We may stop new invitations or the creation of new Groups at any time, for example if the programme is misused. We will give you at least 30 days’ notice before a change to the programme that increases your price, or an end of the programme, applies to you, and you may cancel before it applies.

7. Licence and Permitted Use

7.1 Limited Licence

Subject to these Terms and the EULA, Kvantra grants you a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform and Content for your own personal or internal research and analysis.

7.2 Personal / Internal Use Only

Unless explicitly agreed in a separate written contract:

• you may not resell, redistribute, repackage or commercialise the Content;
• you may not provide systematic or automated access to the Platform to third parties;
• you may not use the Services to operate a competing data, analytics or investment research product;
• you may not act as a data vendor or redistributor of any Third-Party Data;
• you may not allow any third party to rely on the Platform as a substitute for their own licence to any underlying data.

7.3 Output Usage

You may use limited screenshots, charts or numerical outputs from the Platform:

• for your own personal or internal use; and
• in limited, non-systematic excerpts in presentations, written analysis, social media posts, videos and live streams (for example reviews, tutorials and educational content about the Platform),

provided that:

• any Kvantra and/or Third-Party Data branding, copyright notices and source attributions remain visible;
• Third-Party Data usage limits, display rules and contractual restrictions are respected;
• you do not present Simulated Performance as an actual track record, or use Kvantra Data or Simulated Performance to market any financial product or service; and
• you do not provide any recipients with a substitute for direct access to the Platform or a functional replication of any dataset.

Any use of outputs that effectively recreates a dataset, feed or bulk extract is strictly prohibited. In particular, you must not systematically export, aggregate or otherwise harvest scores, rankings, factor values or other analytics from the Platform with the purpose or effect of reconstructing Kvantra’s or any data vendor’s datasets, models or feeds, or of providing a substitute for them.

We may ask you to change or remove content that uses the Platform or our brand if it gives a false or misleading impression of Kvantra, suggests that we endorse or sponsor you when we do not, or places Kvantra alongside unlawful, hateful or deceptive content. This does not limit your right to share your honest opinion of Kvantra, whether positive or negative.

8. Prohibited Use

You must not:

• systematically copy, scrape, harvest or download data from the Platform;
• create or attempt to create a database, index, benchmark, financial product or investable index that is based on or derived from Kvantra Data or Third-Party Data, without our prior written consent (and, where applicable, consent from the relevant data vendor);
• reverse-engineer, decompile or attempt to derive the underlying models, algorithms or source code of the Platform, Kvantra Data or Third-Party Data processing;
• circumvent or attempt to circumvent any security, rate-limiting, metering, authentication or access control mechanism;
• use bots, scripts, crawlers or automated tools to access, query, or extract Content;
• misuse the referral programme, including by creating fake or duplicate Accounts or trading invitation links;
• use the Platform in any way that is unlawful, fraudulent, misleading or abusive;
• upload or transmit viruses, malware or other harmful code, including in files uploaded for import;
• upload files or personal data that belong to another person, for example someone else’s broker statement, unless you have their permission;
• use the Platform to violate any applicable laws or regulations (including but not limited to market abuse, insider trading, sanctions, anti-money laundering or financial promotion rules);
• use the Platform or Content to offer regulated investment services unless you are authorised to do so and your use is otherwise compliant with applicable law.

We reserve the right to investigate and take legal action (including suspension, termination, IP enforcement and notification to relevant authorities) in response to any misuse.

9. Market Data, Data Sources and Third-Party Content

9.1 Third-Party Data Vendors

Kvantra uses data supplied by third-party vendors. Such data is subject to their own licence terms and may be amended, delayed or withdrawn at any time.

Without limitation, Kvantra AS (parent company) currently licenses market and fundamentals data from FMP, which is made available to you through the Platform. FMP is a third-party provider and has no direct relationship with you as an End User.

9.2 No Ownership Transfer: Data is Licensed, Not Sold

All Third-Party Data remains the exclusive property of the respective data vendors (including FMP). You receive only a limited, non-exclusive right to view and use such data via the Platform in accordance with these Terms and the EULA. You acquire no ownership, title or other intellectual property rights in any Third-Party Data. The underlying data is licensed, not sold, to you.

9.3 No Redistribution

You may not:

• redistribute, resell, republish, broadcast, or provide direct or indirect access to Third-Party Data to any third party;
• create or provide a competing data feed, API, download service or database derived from Third-Party Data;
• use Third-Party Data in external products, services, platforms or reports in a way that functions as a substitute for the Third-Party Data service itself.

Limited use of screenshots, videos or small, non-systematic excerpts as permitted in Section 7.3 is allowed, as long as it does not constitute redistribution, bulk extraction or a replacement for the underlying service, and all source attributions remain visible. The Platform may display source notices such as “Market data provided by Financial Modeling Prep” or similar. You must not remove, obscure or alter such notices.

9.4 Data Accuracy and Timeliness

Third-Party Data (including FMP data) may contain errors, omissions, delays or inaccuracies. While we use reputable vendors and apply reasonable care, we do not guarantee that any data is accurate, complete, up-to-date or free of errors. Delays, interruptions and inaccuracies may occur due to technical issues, corporate actions, vendor errors, restatements, revised filings or other factors.

You are responsible for cross-checking critical data with official or primary sources before relying on it for decisions.

Portfolio figures, such as returns, dividends and currency conversions, are estimates and may differ from your bank’s or broker’s statements. They are not suitable for tax returns or other official reporting.

9.5 Analyst Price Targets and Ratings

The Platform may show price targets, ratings and estimates published by third-party analysts and supplied by our data vendors, and figures we calculate from them, such as averages, highs and lows over a period and return potential. These are the opinions of the analysts who issued them, not of Kvantra. We show them as supplied by our data vendors and do not assess their accuracy or quality. They may be out of date, and our calculated figures may differ from those shown by other sources. A price target is not a reliable prediction of a future share price.

9.6 Data Vendor Disclaimers and Third-Party Beneficiaries

Data vendors, including FMP, expressly disclaim all warranties and have no liability towards you as an End User. To the maximum extent permitted by law:

• vendors provide data “as is” and “as available”;
• vendors do not guarantee accuracy, completeness, timeliness or fitness for any particular purpose;
• vendors are intended third-party beneficiaries of these Terms with respect to your obligations regarding their data, disclaimers and limitations of liability, and may rely on and enforce those provisions directly against you.

10. No Investment Advice: Important Risk Disclaimer

10.1 No Advice or Recommendations

The Platform, Kvantra Data, KvantraRank, dashboards, scores, rankings, signals, screeners, model portfolios, Backtests, Simulated Performance, analyst price targets and ratings, portfolio tools, commentary and any related content:

• do not constitute investment advice, financial advice, tax advice or legal advice;
• do not constitute investment research as defined in securities regulation unless explicitly stated;
• do not take into account your personal circumstances, risk tolerance or investment goals;
• must not be treated as a recommendation to buy, sell or hold any security or financial instrument.

KvantraRank and other scores are relative rankings produced by a model. A high score is not a recommendation to buy, and a low score is not a recommendation to sell. All Content is provided for informational and educational purposes only. It is not tailored to you and is not a personal recommendation.

10.2 User Responsibility

You are solely responsible for:

• your investment decisions;
• performing your own due diligence and analysis;
• understanding the instruments you trade; and
• consulting independent professional advisers where appropriate (e.g. licensed financial advisers, lawyers, tax professionals).

We do not confirm whether any investment, strategy or instrument is appropriate or suitable for you.

10.3 Investment Risk

You acknowledge that:

• the value of securities and investments may go down as well as up;
• past performance, whether actual or simulated, is not a reliable indicator of future results;
• you may lose part or all of your invested capital, including when you invest in stocks with a high KvantraRank, a positive analyst rating or a high return potential;
• leverage, derivatives and short-selling can increase risk substantially.

Kvantra is not liable for any decision or action you take based on the Content or the Platform, including any trading or investment losses.

10.4 How Our Scores Are Produced

KvantraRank and other scores are calculated by our models from data, using the same method for every stock in the same universe. We do not set or adjust the score of an individual stock by hand. If we find an error in the underlying data, for example a stock linked to the wrong listing, we correct the data and recalculate the score with the same method. We do not receive payment from companies for covering, scoring or ranking their stocks. People who own, run or work for Kvantra may hold securities that are covered by the Platform. A description of the KvantraRank method, its data sources and the date of the scores is available on the Platform.

11. Backtests and Historical Scores

A Backtest is a simulation. It shows how hypothetical groups of stocks, selected with KvantraRank or another model, would have performed in the past. No money was invested and no trades were made. Simulated Performance has important limitations: the model was built with knowledge of the past, the scores used are not identical to today’s, historical data may be incomplete or miss companies that were later delisted, and unless stated otherwise trading costs, spreads and taxes are not included.

Simulated Performance is not actual performance and not a forecast. A group of stocks that did well in a Backtest may do poorly in the future, and you could lose money following the same approach.

Score history from before we started storing daily scores is reconstructed with the Backtest method and is marked as such. It is not the score that was shown at the time.

The method, data and known limitations are described on the Platform, and results may change when data or methods are updated.

12. Beta Features and Experimental Tools

We may offer access to beta or experimental features, datasets or models. Beta features are provided “as is” with no warranties, and may contain bugs, errors, incomplete logic or unstable behaviour. We may modify or withdraw beta features at any time without notice. Use of beta features is entirely at your own risk. You should not rely on beta outputs for high-stakes decisions without independent verification.

13. Intellectual Property

13.1 Ownership

All rights, title and interest in and to:

• the Platform,
• Kvantra Data, including KvantraRank and Simulated Performance,
• software, code, architecture, models and algorithms,
• design, UI, branding, trademarks and logos,

are owned by Kvantra AS (parent company) or its licensors (including Third-Party Data vendors), and operated by Kvantra Operations AS under licence.

13.2 No Transfer of IP

Nothing in these Terms transfers any intellectual property rights to you. You receive only the limited licence explicitly granted in Section 7.

13.3 Trademarks

You may not use Kvantra’s name, logos or trademarks without our prior written permission, except for incidental reference, such as naming or showing Kvantra in reviews and other content permitted under Section 7.3. Third-party names, logos and trademarks (including FMP) remain the property of their respective owners. Their appearance does not imply endorsement of you or your use of the Platform.

14. Privacy and Cookies

Our Privacy Policy explains how we collect, use, store and protect personal data, including data about referral Groups and imported portfolios, and our use of cookies and similar technologies.

15. Security, Usage Logging and Misuse

We maintain administrative, technical and physical safeguards designed to protect the integrity and security of the Platform. You must not:

• attempt to bypass security mechanisms or access data not intended for you;
• perform load-testing, penetration testing, or similar security assessments without our written consent;
• introduce malicious code, or attempt to disrupt the availability of the Platform.

We may monitor and log activity on the Platform (including user IDs, timestamps, IP addresses and feature usage) for security, abuse detection, capacity planning, billing, and to comply with our obligations to data vendors (including audit and reporting obligations). We may suspend or terminate Accounts that pose a security risk, consume excessive resources, or appear to misuse the Services or Third-Party Data.

Kvantra AS, as the entity holding the data licence, will notify its data vendors (including Financial Modeling Prep) without undue delay and within any contractually required timeframe if a security incident affects data provided by those vendors.

16. Term, Suspension and Termination

16.1 Term

These Terms apply from the moment you first access the Platform and remain in force as long as you maintain an Account or continue to use the Services.

16.2 Termination by You

You may cancel your Subscription at any time through your Account settings (or, for App Store purchases, your App Store account settings) or by contacting us. Cancellation takes effect at the end of the current billing period unless otherwise stated. A straightforward, self-service cancellation option is available in your online Account for all recurring Subscriptions purchased on our website.

Deleting your Account or ceasing to use the Platform does not by itself entitle you to any refund of fees already paid, except as required by mandatory law or under the money-back guarantee in Section 5.4. Deleting your Account also ends your membership of any Group.

16.3 Suspension / Termination by Kvantra

We may suspend or terminate your Account or access to the Platform, with or without notice, if:

• you materially or repeatedly breach these Terms or the EULA;
• you misuse the Platform, the referral programme, Kvantra Data or Third-Party Data;
• we are required to do so by law, regulation, court order or data vendor request; or
• continued service to you is commercially, technically or legally unreasonable.

We may also remove or restrict access to specific functionalities, datasets, markets or features if required by our data vendors (including FMP) or for compliance reasons.

If we end your Subscription for a reason other than your breach of these Terms or the EULA, we will give you reasonable notice where possible and refund the unused part of any prepaid fees.

16.4 Effect of Termination

Upon termination of your Account:

• your licence to use the Platform and Content ends immediately;
• you must cease all use of the Platform and Content;
• any rights and obligations which by their nature should survive will continue (including IP provisions, disclaimers, limitations of liability, indemnities, and payment obligations).

17. Disclaimers and Limitation of Liability

17.1 “As Is”

The Platform and Content (including Third-Party Data) are provided on an “as is” and “as available” basis, without any warranties of any kind, whether express or implied, including any implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, or correctness. We do not warrant that:

• the Platform will be uninterrupted, timely, secure or error-free;
• the data, analytics, scores, Backtests or portfolio calculations will be accurate, complete or suitable for your purposes;
• any detected errors will be corrected within any particular timeframe.

If you are a consumer, you have mandatory statutory rights regarding the conformity, quality and performance of digital content and digital services under the laws of your country of residence. Nothing in this section excludes or limits those mandatory rights, and the disclaimers above apply only to the extent permitted by applicable law.

17.2 No Liability for Indirect or Special Loss

To the fullest extent permitted by applicable law, Kvantra and its directors, officers, employees, affiliates and data vendors shall not be liable for:

• loss of profits, revenue, contracts or business;
• loss of data or corruption of data;
• loss of goodwill or reputation;
• any indirect, consequential, incidental, punitive or special damages;
• any trading or investment losses, or loss of opportunity, arising from your use of, or reliance on, the Platform or Content, including KvantraRank, Backtests, Simulated Performance, portfolio calculations, analyst price targets and ratings, and the figures we calculate from them.

17.3 Aggregate Cap

To the extent Kvantra is found liable despite the above, Kvantra’s total aggregate liability arising out of or in connection with the Platform, Content or these Terms shall be limited to the higher of USD 100 and the fees paid by you for the Services, including through a Payment Provider, during the twelve (12) months immediately preceding the event giving rise to the claim. This is one combined cap for all claims under these Terms, the EULA and our other policies together, and it applies to Kvantra and Kvantra AS together.

Nothing in these Terms limits liability for gross negligence, wilful misconduct, or any other liability that cannot be limited under mandatory law.

17.4 Kvantra AS

Kvantra AS, our parent company, owns the intellectual property in the Platform and Kvantra Data. Kvantra AS may rely on and enforce Sections 7, 8, 9.3, 13 and 17 directly against you, and the disclaimers and limitations of liability in this Section 17 also protect Kvantra AS.

18. Indemnity

You agree to indemnify and hold harmless Kvantra, its officers, employees, affiliates, licensors and data vendors (including FMP) from and against any claims, losses, damages, costs and expenses (including reasonable legal fees) arising from:

• your breach of these Terms or the EULA;
• your misuse of the Platform, Kvantra Data or Third-Party Data;
• any violation of applicable laws, regulations or third-party rights.

If you are a consumer, this indemnity applies only to the extent permitted by mandatory consumer protection law, and only where the loss is caused by your fault. This indemnity is in addition to, and does not limit, any other remedies available to Kvantra or its licensors under law or contract.

19. Governing Law and Dispute Resolution

These Terms are governed by and construed in accordance with Norwegian law, without regard to conflict of law rules. However, if you are a consumer and your habitual residence is in a country within the EEA or the UK, this choice of law does not deprive you of the protection of any mandatory consumer protection rules of your country of residence.

If you are not a consumer, any dispute arising out of or in connection with these Terms, the Platform or the Services shall be submitted to the exclusive jurisdiction of the courts of Norway, with Oslo tingrett as agreed venue. If you are a consumer, you may bring proceedings in the courts that have jurisdiction under mandatory law, including the courts of your country of residence.

19A. Additional Rights for Consumers in the EEA and UK

If you are using the Platform as a consumer (i.e. for purposes outside your trade, business or profession) and you are habitually resident in a country within the EEA or the UK, nothing in these Terms is intended to exclude, limit or override any mandatory consumer protection rights that apply to you under the laws of your country of residence. In particular, and without limitation:

• you may have a statutory right to withdraw from certain distance contracts within a minimum period (typically 14 days) without giving any reason;
• you may be entitled to bring legal proceedings in the courts of your country of residence; and
• you may have statutory rights relating to the conformity, quality and performance of digital services and content.

Our contractual 14-day money-back guarantee is in addition to, and does not replace or reduce, any such mandatory statutory rights. Where your mandatory local consumer rights provide a more favourable outcome than these Terms, your local rights will prevail to that extent.

20. Changes to the Terms

We may update these Terms from time to time. The latest version will always be available on the Platform and the “Last updated” date will be adjusted accordingly.

If we make material changes, we will notify you via the Platform and/or by email before they take effect. If you do not agree to the changes, you may stop using the Platform and cancel your Subscription. Continued use of the Platform after the updated Terms take effect constitutes your acceptance of the changes.

21. Severability and Transfer

If any provision of these Terms is held to be invalid, illegal or unenforceable by a competent court or authority, that provision shall be enforced to the maximum extent permitted by applicable law, and the remaining provisions shall continue in full force and effect. If a provision is found to be invalid, illegal or unenforceable in one jurisdiction, this shall not affect its validity or enforceability in any other jurisdiction. Where possible, any invalid, illegal or unenforceable provision shall be replaced with a valid provision that most closely reflects the original commercial and legal intent of Kvantra and the User.

We may transfer our rights and obligations under these Terms, the EULA and the Refund Policy to Kvantra AS, to another company in our group, or to a company that takes over all or part of our business, as long as your rights under them are not reduced. We will tell you when this happens. You may not transfer your Account or your rights under these Terms to anyone else.

22. Contact

Kvantra Operations AS (org.nr 937 809 697)

Keiser Wilhelms gate 22, 6003 Ålesund, Norway

Email: contact@kvantra.ai