Terms of Service

What Analog Ledger is

Analog Ledger is a research publication operated by The Valor Fund Inc. Analog Ledger publishes systematic equity research for general circulation. It is an analytical and educational publication, provided for information purposes only. Nothing on this site is personalized investment, legal, or tax advice, and nothing here is a recommendation to buy or sell any security. You must obtain professional advice specific to your circumstances before taking, or refraining from, any action on the basis of anything published here. Past performance of historical patterns does not guarantee future results, and simulated results do not reflect actual trading.

Subscriptions and billing

Paid subscriptions are billed monthly or annually as selected at signup, in advance, and renew automatically until canceled. New subscriptions include a 14-day trial; if you cancel before the trial ends, you won't be charged. All payments are processed by Stripe - Analog Ledger never receives or stores your card details.

You can cancel anytime from the Account page, which opens Stripe's billing portal directly - cancellation takes effect at the end of the current billing period, and access continues until then. Cancelling does not retroactively refund the current period.

What a subscription includes

An active subscription unlocks the current week's ranked candidates before the 12-week tracking window that free visitors wait out (see the Subscribe page for the full comparison). Every candidate list - free or subscriber - comes from the same automated, unedited weekly process described on the Transparency page.

Accounts

You're responsible for the Google, Microsoft, or email account you sign in with, and for keeping it secure. You can permanently delete your account and associated data at any time from the Account page - see the Privacy Policy for what that does and doesn't remove.

Prohibited uses

Subscriber access is for your own individual use. You agree not to:

• share your account or subscriber credentials with anyone else;
• use a robot, spider, scraper, or other automated means to access, extract, or copy any part of the site, including subscriber-only content;
• attempt to bypass the 12-week access gate other than through a paid subscription;
• use the site in any manner that could disable, overburden, damage, or impair it, or interfere with anyone else's use of it, including denial-of-service attacks;
• attempt to gain unauthorized access to any part of the site or the systems it runs on;
• use the site to misrepresent yourself or impersonate any person or entity; or
• reproduce, redistribute, or otherwise use site content for commercial purposes without our prior written consent.

Intellectual property

The site and its content - research, text, design, and the Analog Ledger name and logo - are owned by The Valor Fund Inc. or its licensors and are protected under applicable intellectual property laws. Subscribing gives you a personal, non-commercial license to view and read the content; it does not transfer any ownership rights to you. Historical research data published to our public GitHub repositories, as described on the Transparency page, may be used under the license terms stated in that repository.

Third-party links

The site may link to other websites for your convenience, including Stripe, Google, and Microsoft sign-in pages. We don't control these sites and aren't responsible for their content, accuracy, or practices. Visiting a linked site is at your own risk and subject to that site's own terms and privacy policy.

No warranty; limitation of liability

The site and its research are provided “as is” and “as available,” without warranty of any kind, express or implied, including any warranty of accuracy, completeness, merchantability, or fitness for a particular purpose. You are solely responsible for any decisions made using information found here, and your use of the site is at your own risk.

To the fullest extent permitted by law, The Valor Fund Inc., its directors, officers, and employees will not be liable for any indirect, incidental, special, punitive, or consequential damages - including lost profits or lost savings - arising from your use of, or inability to use, the site, however caused, even if advised of the possibility of such damages.

Indemnification

You agree to indemnify and hold harmless The Valor Fund Inc. and its directors, officers, and employees from any claims, damages, liabilities, and expenses (including reasonable legal fees) arising from your violation of these Terms of Service.

Geographic restrictions

This site is intended for general circulation and is not directed at any jurisdiction where its content would be contrary to local law or regulation. If you access the site from outside Canada, you do so at your own risk and are responsible for complying with the laws of your own jurisdiction.

Changes to these terms

We may update these Terms of Service from time to time by posting the revised version on this page. Continued use of the site after a change takes effect constitutes acceptance of the updated terms. If you don't agree with a change, you should stop using the site.

Governing law

These Terms of Service are governed by the laws of the Province of Alberta and the federal laws of Canada applicable in Alberta, without regard to conflict-of-law principles. You irrevocably submit to the exclusive jurisdiction of the courts of Alberta for any dispute arising from these terms or your use of the site.

Questions

Analog Ledger is operated by The Valor Fund Inc., an Alberta corporation. For anything about these terms of use, contact us at info@analogledger.com.