Terms of Service

These Terms of Service (“Terms”) are a legally binding agreement between you (“User,” “you,” or “your”) and Ohad Ben Tzvi (trading as Intrinsic Research) (“Intrinsic,” “we,” “us,” or “our”), governing your access to and use of the website at byintrinsic.com and all related services (collectively, the “Service”).

Intrinsic Research

01Acceptance of Terms

BY ACCESSING OR USING THE SERVICE, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND OUR PRIVACY POLICY, REFUND POLICY, AND COOKIE POLICY (TOGETHER, THE “POLICIES”). IF YOU DO NOT AGREE, YOU MUST NOT USE THE SERVICE.

02Eligibility

You must be at least 18 years old (or the age of majority in your jurisdiction, if higher) to use the Service. By using the Service, you represent and warrant that you meet this requirement and have the full legal capacity to enter into this agreement.

The Service is not available to persons who have previously had their account suspended or terminated by us.

03Description of Service

Intrinsic provides a financial research and data platform including stock screeners, financial data and analysis tools, in-depth company research reports (“Manuals”), watchlists, and related features. The Service is provided for informational and research purposes only.

We may modify, expand, suspend, or discontinue any part of the Service at any time. Where changes materially reduce functionality for existing paid subscribers, we will provide at least 30 days’ advance notice by email.

04Account Registration

To access the Service you must create an account. You agree to:

• Provide accurate, current, and complete information during registration;
• Maintain and promptly update your account information to keep it accurate;
• Keep your password confidential and not share it with any third party;
• Notify us immediately at [email protected] of any unauthorised use of your account;
• Accept responsibility for all activity that occurs under your account.

Account sharing — allowing multiple individuals to use a single subscription — is not permitted without our prior written consent. We reserve the right to suspend accounts engaged in sharing.

05Subscriptions and Billing

Paid subscriptions are not yet active. The Service is currently available without charge while we finalise our billing infrastructure. The provisions in this Section 5 will take full effect when paid plans are launched. We will notify all registered users by email before any billing begins.

5.1 Merchant of Record. When paid subscriptions are introduced, billing, payment processing, invoicing, and tax collection will be handled by a designated third-party Merchant of Record (“MoR”). The identity of our MoR and a link to their terms and privacy policy will be communicated to you before the first charge is made. When billing is active, purchasing a subscription will constitute a transaction with the MoR, subject to the MoR’s own terms of service. The MoR will be responsible for collecting applicable taxes (including VAT/GST where required) and processing refunds in accordance with our Refund Policy.

5.2 Subscription Plans. Details of available subscription plans, pricing, included features, and billing frequencies will be published at byintrinsic.com/pricing before billing is launched. All prices will be in USD unless otherwise stated at the time of purchase.

5.3 Auto-Renewal. When paid subscriptions are active, they will renew automatically at the end of each billing cycle unless you cancel. Cancellation will take effect at the end of the then-current billing period; you retain access to the Service until that date. Refunds, where available, are governed by our Refund Policy. You may cancel from your account settings or by emailing [email protected].

5.4 Price Changes. We may change subscription prices at any time. For existing subscribers on a paid plan, we will give at least 30 days’ advance email notice of any price increase. If you do not cancel before the price change takes effect on your next renewal, you will be charged at the new price.

5.5 Taxes. Our Merchant of Record will collect and remit applicable sales taxes, VAT, and GST where legally required. Any taxes not collected by the MoR remain your responsibility.

06Not Investment Advice

IMPORTANT — PLEASE READ CAREFULLY. THE SERVICE IS PROVIDED FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY. NOTHING ON THE SERVICE CONSTITUTES INVESTMENT ADVICE, FINANCIAL ADVICE, TRADING ADVICE, OR ANY OTHER TYPE OF PROFESSIONAL ADVICE.

Intrinsic is NOT a registered investment adviser, broker-dealer, or financial planner. You should always conduct your own independent research and consult a qualified financial adviser before making any investment decision.

Past performance of any security or financial instrument is not indicative of future results. All data and analysis may contain errors or omissions.

Jurisdiction-specific notices:

• United Kingdom: Intrinsic is not authorised or regulated by the Financial Conduct Authority (FCA). The Service does not constitute regulated financial advice under the Financial Services and Markets Act 2000.
• European Union: Intrinsic is not authorised as an investment firm or financial adviser under MiFID II (Directive 2014/65/EU). The Service does not constitute investment research as defined thereunder.
• United States: Intrinsic is not registered as an investment adviser under the Investment Advisers Act of 1940 or any state equivalent.
• Israel: The Service does not constitute investment advice as defined under the Israeli Regulation of Investment Advice, Investment Marketing and Portfolio Management Law 5755-1995.

07Intellectual Property

7.1 Our Content. All content on the Service — including text, data, software, graphics, company Manuals, financial models, the “Intrinsic” name and logo, and other materials — is owned by or licensed to Ohad Ben Tzvi (trading as Intrinsic Research) and is protected by applicable copyright, trademark, and other intellectual property laws.

7.2 Limited Licence to You. We grant you a limited, non-exclusive, non-transferable, revocable licence to access and use the Service solely for your own personal, non-commercial research and investment-analysis purposes, subject to these Terms.

7.3 Restrictions. You may not:

• Scrape, crawl, spider, or otherwise programmatically extract data from the Service without our prior written permission;
• Use the Service or its data to build, train, or improve a competing product, service, or AI/ML model;
• Resell, sublicense, or redistribute access to the Service or any content obtained from it;
• Reproduce, republish, or publicly display any content from the Service beyond fair-use quotation;
• Remove, obscure, or modify any copyright, trademark, or other proprietary notice.

7.4 Feedback. If you submit suggestions, ideas, or feedback about the Service (“Feedback”), you grant us a perpetual, worldwide, royalty-free, irrevocable licence to use, modify, and incorporate that Feedback without compensation or attribution to you.

08User Content

You retain ownership of any content you submit through the Service (e.g., notes, portfolio data, watchlists). By submitting content, you grant us a limited licence to store, process, and display that content solely to provide the Service to you. We will not use your content to train machine-learning models or share it with third parties except as described in our Privacy Policy.

You warrant that any content you submit does not infringe the rights of any third party and does not violate any applicable law.

09Acceptable Use

You agree not to:

• Use the Service for any unlawful purpose or in violation of any applicable law or regulation;
• Attempt to gain unauthorised access to any part of the Service, its servers, or its connected systems;
• Interfere with or disrupt the Service, its infrastructure, or other users’ access;
• Circumvent, disable, or otherwise interfere with any security-related features of the Service;
• Upload or transmit viruses, malware, trojan horses, or any other harmful or disruptive code;
• Use the Service to engage in securities fraud, market manipulation, or insider trading;
• Misrepresent your identity, affiliation, or any other information on the Service;
• Use the Service for the commercial benefit of any third party without our express written consent.

10Third-Party Links and Services

The Service may contain links to third-party websites, data providers, or services. These are provided for convenience only. We have no control over third-party content, do not endorse it, and are not responsible for its accuracy or availability. Your interactions with third-party sites are governed solely by their own terms and policies.

11Copyright — DMCA Notice and Takedown

We respect the intellectual property rights of others. If you believe that material on the Service infringes your copyright, please send a written notice to [email protected] containing all of the following:

• A physical or electronic signature of the copyright owner or a person authorised to act on their behalf;
• Identification of the copyrighted work claimed to have been infringed;
• Identification of the material that is claimed to be infringing, with enough detail for us to locate it on the Service;
• Your contact information: name, address, telephone number, and email address;
• A statement that you have a good faith belief that the use is not authorised by the copyright owner, its agent, or the law;
• A statement, made under penalty of perjury, that the information in the notice is accurate and that you are authorised to act on behalf of the copyright owner.

Notices that do not comply with the requirements of the Digital Millennium Copyright Act (17 U.S.C. § 512) may be disregarded. We will respond to valid notices in accordance with applicable law.

12Disclaimer of Warranties

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, 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, ACCURACY, COMPLETENESS, OR NON-INFRINGEMENT.

WE DO NOT WARRANT THAT: (A) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; (B) THE RESULTS OBTAINED FROM USE OF THE SERVICE WILL BE ACCURATE OR RELIABLE; OR (C) ANY DATA OR CONTENT ON THE SERVICE IS FREE FROM ERRORS, OMISSIONS, OR INACCURACIES.

This disclaimer does not affect any statutory rights you may have under applicable mandatory consumer-protection laws that cannot lawfully be excluded.

13Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

(A) WE WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, BUSINESS, OR GOODWILL, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES;

(B) OUR TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THE SERVICE OR THESE TERMS WILL NOT EXCEED THE GREATER OF (i) THE TOTAL FEES YOU PAID FOR THE SERVICE IN THE 12 MONTHS PRECEDING THE CLAIM, OR (ii) USD $100;

(C) SOME JURISDICTIONS (INCLUDING EU/EEA MEMBER STATES AND THE UNITED KINGDOM) DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IN THOSE JURISDICTIONS THE ABOVE LIMITATIONS APPLY TO THE FULLEST EXTENT PERMITTED BY LAW.

Nothing in these Terms excludes or limits our liability for death or personal injury caused by our negligence, fraudulent misrepresentation, or any liability that cannot be excluded by applicable mandatory law.

14Indemnification

You agree to defend, indemnify, and hold harmless Ohad Ben Tzvi (trading as Intrinsic Research) and its successors, licensees, and assigns from and against any third-party claims, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or relating to: (a) your use of the Service in violation of these Terms; (b) your violation of any applicable law or third-party right; or (c) any content you submit through the Service.

15Force Majeure

We will not be liable for any delay or failure to perform our obligations under these Terms where that delay or failure results from causes beyond our reasonable control, including but not limited to natural disasters, epidemics, pandemics, acts of government, power or internet outages, or cyberattacks (“Force Majeure Event”).

Force majeure will never excuse our obligation to process refunds where you have a statutory right to receive them.

16Termination

16.1 By You. You may close your account at any time through your account settings or by emailing [email protected]. If a paid subscription is active at the time of closure, cancellation takes effect at the end of the then-current billing period and no prorated refunds are issued for unused time, except as described in our Refund Policy.

16.2 By Us. We may suspend or terminate your account immediately, without prior notice, if you materially breach these Terms, engage in fraudulent or illegal activity, or if we are required to do so by applicable law or court order. Where circumstances allow, we will give you advance notice.

16.3 Effect of Termination. Upon termination, your licence to use the Service ends immediately and you must cease all use. Sections 6, 7, 12, 13, 14, 17, and 18 survive any termination of these Terms.

17Dispute Resolution

17.1 Informal Resolution. Before initiating any formal legal proceedings, you agree to contact us at [email protected] and attempt to resolve the dispute informally. We will attempt to resolve the matter within 30 days of receiving your written notice.

17.2 Arbitration (US Users). If you are located in the United States and the dispute is not resolved informally, it will be submitted to final and binding individual arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules, as amended from time to time. The place of arbitration will be determined by AAA rules. The arbitrator’s award will be final and binding and may be entered as a judgment in any court of competent jurisdiction.

YOU AND WE EACH WAIVE THE RIGHT TO TRIAL BY JURY AND THE RIGHT TO PARTICIPATE IN CLASS-ACTION LITIGATION OR CLASS-WIDE ARBITRATION.

Exceptions: Either party may seek emergency injunctive relief from any court of competent jurisdiction to prevent irreparable harm. Claims that qualify for small claims court may be brought there.

Opt-out: You may opt out of the arbitration agreement by emailing [email protected] with the subject line “Arbitration Opt-Out” within 30 days of first accepting these Terms. Opting out does not affect any other provision of these Terms.

17.3 EU and UK Consumers. If you are a consumer resident in the European Union or United Kingdom, Section 17.2 (arbitration and class-action waiver) does not apply to you. You retain the right to bring claims before the courts of your country of habitual residence.

EU consumers may also use the European Commission’s Online Dispute Resolution platform: ec.europa.eu/consumers/odr

UK consumers may refer disputes to the relevant alternative dispute resolution scheme or the courts of England and Wales.

17.4 Israeli Users. For users located in Israel, disputes shall be governed by the laws of the State of Israel and submitted to the exclusive jurisdiction of the competent courts located in Tel Aviv, Israel.

18Governing Law

These Terms are governed by the laws of the State of Delaware, United States, without regard to its conflict-of-law provisions, except that:

• EU and UK consumers retain the benefit of mandatory consumer-protection laws in their country of habitual residence, which cannot be overridden by a choice-of-law clause; and
• Israeli users may elect Israeli law under Section 17.4.

19General Provisions

Entire agreement. These Terms, together with the Policies, constitute the entire agreement between you and us regarding the Service and supersede all prior agreements.

Severability. If any provision is held invalid or unenforceable by a court of competent jurisdiction, the remaining provisions remain in full force and effect.

No waiver. Our failure to enforce any right under these Terms does not constitute a waiver of that right.

Assignment. You may not assign your rights or obligations under these Terms without our prior written consent. We may assign our rights and obligations to a successor entity with reasonable notice to you.

Notices. We may send notices to the email address associated with your account. You may send legal notices to [email protected].

Language. These Terms are drafted in English. Any translations are provided for convenience only; the English version controls in the event of any conflict.

20Contact

Ohad Ben Tzvi (trading as Intrinsic Research)

[email protected]
byintrinsic.com