Version 1.0. Last updated July 29, 2026. Please print or save a copy of this Agreement for your records.
PLEASE READ THIS AGREEMENT CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS. IT CONTAINS AN ARBITRATION PROVISION AND A CLASS ACTION WAIVER (SECTION 15), A RELEASE OF CLAIMS (SECTION 13), DISCLAIMERS OF WARRANTIES (SECTION 11), AND LIMITATIONS OF LIABILITY (SECTION 12). BY CHECKING THE ACCEPTANCE BOX AT CHECKOUT OR BY CREATING AN ACCOUNT, YOU AGREE TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT AGREE, DO NOT SUBSCRIBE AND DO NOT USE THE SERVICES.
1. Acceptance and Parties
This Subscriber Agreement (the “Agreement”) is a binding contract between you (“you,” “your,” or “Subscriber”) and BullScope, the publisher and operator of bullscope.ai and app.bullscope.ai and the research, publications, data pages, newsletters, and tools offered on them (collectively, the “Services”). References to “BullScope,” “we,” “us,” and “our” include the owner and operator of the Services and their officers, members, managers, employees, contractors, licensors, and successors.
You accept this Agreement electronically by checking the acceptance box presented at signup or checkout. You consent to contract electronically under the U.S. Electronic Signatures in Global and National Commerce Act (E-SIGN) and analogous state laws. We retain a timestamped record of each acceptance and of the version of this Agreement accepted. This Agreement governs your subscription and your use of the Services as a registered member; for any subject not addressed here, the site’s Terms of Use, Privacy Policy, and Disclaimer also apply. If this Agreement conflicts with any of those documents with respect to subscribers, this Agreement controls.
2. BullScope Is a Publisher, Not an Adviser
You acknowledge and agree to each of the following, which together describe what the Services are and what they are not:
- Impersonal publication. All BullScope content, including editions, evidence sheets, articles, charts, newsletters, and monitor commentary, is published research of general and regular circulation. Every subscriber at a given tier receives the same content. Nothing in the Services is prepared with knowledge of, or reference to, your identity, financial situation, investment objectives, risk tolerance, or any other personal circumstance.
- No advisory relationship. BullScope is a publisher within the meaning of Section 202(a)(11)(D) of the Investment Advisers Act of 1940. BullScope is not registered as an investment adviser or broker-dealer with the U.S. Securities and Exchange Commission or any state. Your subscription does not create, and shall not be construed to create, an adviser-client, fiduciary, brokerage, or other professional relationship between you and BullScope.
- No recommendations. The content is descriptive, analytical, and educational. Nothing in the Services is, or shall be treated as, a recommendation, solicitation, or offer to buy, sell, or hold any security or other instrument, or to pursue any investment strategy.
- Your decisions are your own. You alone are responsible for your investment decisions. You represent that you will evaluate any information in the Services independently and that, for advice tailored to your circumstances, you will consult a licensed investment, tax, or legal professional.
- No reliance for suitability. You agree that the content is not tailored to you, that you will not treat it as personalized investment advice, and that no statement in the Services will be relied upon by you as a representation that any investment is suitable for you.
3. The Optimizer and Other Self-Service Tools
The Services include self-service calculators and tools, including the portfolio optimizer. You acknowledge and agree that these tools perform mathematics on inputs that you alone select and enter; that their outputs are computations, not recommendations or advice; that BullScope does not review, monitor, or evaluate your inputs or outputs for you or for any individual; and that identical inputs produce identical outputs for every user. Tool outputs are subject to every acknowledgment in Section 2 and every disclaimer in this Agreement.
4. Eligibility and Accounts
You must be at least 18 years old and capable of forming a binding contract. Accounts are personal: one individual per account. You are responsible for maintaining the confidentiality of your credentials and for all activity under your account. You will notify us promptly at bullscope@bullscope.ai of any unauthorized use. We may suspend or terminate accounts that are shared, resold, or used in violation of this Agreement.
5. Subscriptions, Billing, and Automatic Renewal
Subscription tiers, prices, and billing periods are stated at checkout. By subscribing to a paid tier you authorize us and our payment processor to charge the payment method you provide.
AUTOMATIC RENEWAL DISCLOSURE: PAID SUBSCRIPTIONS RENEW AUTOMATICALLY AT THE END OF EACH BILLING PERIOD (MONTHLY OR ANNUAL, AS SELECTED AT CHECKOUT) AND YOUR PAYMENT METHOD WILL BE CHARGED THE THEN-CURRENT PRICE FOR YOUR TIER, UNTIL YOU CANCEL. YOU MAY CANCEL AT ANY TIME FROM YOUR MEMBERSHIP ACCOUNT PAGE AT BULLSCOPE.AI/MEMBERSHIP-ACCOUNT/ OR BY EMAILING BULLSCOPE@BULLSCOPE.AI. CANCELLATION TAKES EFFECT AT THE END OF THE CURRENT PAID PERIOD, AND YOU RETAIN ACCESS UNTIL THEN.
We will give you at least 30 days’ advance notice by email of any price increase applicable to your renewal. Except where required by applicable law or expressly stated at checkout, fees are non-refundable and no prorated refunds or credits are provided for partial periods, downgrades, or unused access. Applicable taxes are your responsibility. We may correct billing errors in either direction upon discovery. If a charge fails, we may retry it and may suspend paid access until payment succeeds.
6. License and Acceptable Use
Subject to this Agreement and payment of applicable fees, we grant you a limited, personal, non-exclusive, non-transferable, revocable license to access and use the Services and their content for your personal, non-commercial informational use.
You will not, and will not permit or assist any third party to: (a) republish, redistribute, sell, rent, sublicense, or otherwise make the content available to any third party, except brief quotations with attribution and a link to the source page; (b) scrape, crawl, harvest, or systematically download any portion of the Services, whether manually or by automated means; (c) use any content, data, or output of the Services to train, fine-tune, ground, or evaluate any machine-learning or artificial-intelligence model or system; (d) share, pool, or resell account credentials; (e) circumvent any access control, paywall, metering, or technical limitation; (f) frame or mirror any part of the Services; (g) use the Services in violation of any law, including securities laws; or (h) use the Services to develop a competing product. We may monitor for, throttle, and block conduct we reasonably believe violates this Section.
7. Intellectual Property
The Services and all content, including text, analyses, charts, figures, data compilations, page designs, software, and trademarks, are owned by BullScope or its licensors and are protected by copyright, trademark, database, and other laws. No rights are granted except the limited license in Section 6. “BullScope” and associated logos are trademarks of BullScope. Feedback you provide about the Services may be used by us without restriction or obligation to you.
8. Data Sources and Accuracy
The Services present figures derived from public sources, including filings with the U.S. Securities and Exchange Commission, official government statistical releases, and third-party market data. You acknowledge that: (a) source data may itself contain errors, restatements, or delays; (b) derived figures depend on methodology, which is described at bullscope.ai/methodology and may change; (c) content speaks only as of its stated date and we have no obligation to update any publication; and (d) NO GUARANTEE IS MADE AS TO THE ACCURACY, COMPLETENESS, OR TIMELINESS OF ANY CONTENT, FIGURE, OR DATA POINT IN THE SERVICES.
9. Conflicts and Editorial Independence
BullScope maintains a written conflict-of-interest policy, summarized on the methodology page, under which it does not publish research on companies where a disqualifying conflict exists. BullScope publishes on a regular schedule driven by filings and data releases, not by any position, compensation, or relationship connected to the securities discussed.
10. Assumption of Risk
You acknowledge that investing in securities involves substantial risk, including the possible loss of all capital invested; that markets are volatile and unpredictable; that past performance, published metrics, percentile readings, scenarios, and historical relationships are not promises or predictions of future results; and that any forward-looking statement in the Services is conditional by nature and may prove wrong. YOU ASSUME ALL RISK ARISING FROM ANY USE OF THE SERVICES AND FROM ANY INVESTMENT DECISION YOU MAKE.
11. Disclaimer of Warranties
THE SERVICES AND ALL CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE,” WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, BULLSCOPE DISCLAIMS ALL WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, AND UNINTERRUPTED OR ERROR-FREE OPERATION. NO ORAL OR WRITTEN INFORMATION OBTAINED FROM THE SERVICES CREATES ANY WARRANTY.
12. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW: (A) IN NO EVENT WILL BULLSCOPE BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, LOST SAVINGS, TRADING LOSSES, LOST OPPORTUNITY, OR LOSS OF DATA, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, EVEN IF ADVISED OF THE POSSIBILITY; AND (B) BULLSCOPE’S TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE SERVICES WILL NOT EXCEED THE SUBSCRIPTION FEES YOU ACTUALLY PAID TO BULLSCOPE IN THE TWELVE (12) MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM (OR ONE HUNDRED U.S. DOLLARS IF YOU HAVE PAID NO FEES).
The exclusions and limits in this Section do not apply to liability that cannot be excluded or limited under applicable law, including liability arising from gross negligence, willful misconduct, or fraud, and do not limit any non-waivable statutory right you hold. Some jurisdictions do not allow certain exclusions or limits, so some of the above may not apply to you; in that case liability is limited to the greatest extent permitted.
13. Release of Claims
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, you release, waive, and discharge BullScope from any and all claims, demands, losses, and causes of action, whether in contract, tort, or otherwise, arising out of or relating to your use of the Services, the content of any publication or tool output, or any investment decision or outcome, whether or not the claim was foreseeable.
Savings clause, read carefully. This release does not and cannot: (a) waive compliance with, or any non-waivable right or remedy under, the federal securities laws, including Section 14 of the Securities Act of 1933, Section 29(a) of the Securities Exchange Act of 1934, and Section 215 of the Investment Advisers Act of 1940, or under any state securities law to the extent such waiver is void; (b) release claims arising from gross negligence, willful misconduct, or fraud; (c) bind, restrict, or affect the U.S. Securities and Exchange Commission or any other regulator or government authority; or (d) waive any right that cannot be waived by contract in your jurisdiction. If any part of this release is held invalid, the remainder applies to the fullest extent permitted, and the invalidity does not affect the rest of this Agreement.
14. Indemnification
You will indemnify, defend, and hold harmless BullScope from and against any third-party claims, and resulting losses, damages, liabilities, costs, and reasonable attorneys’ fees, arising out of or relating to: (a) your breach of this Agreement; (b) your misuse of the Services or content, including any redistribution or republication; (c) your violation of any law or the rights of any third party; or (d) any representation you make about the Services to any third party. We may assume the exclusive defense of any matter subject to indemnification, at our expense, in which case you will cooperate with our defense.
15. Dispute Resolution: Notice and Cure, Arbitration, Class Waiver
Please read this Section carefully. It requires individual arbitration of most disputes and waives jury trials and class actions. You may opt out as described below.
15.1 Notice and cure. Before filing any claim, the party asserting the dispute must send the other a written description of it (to us: bullscope@bullscope.ai with the subject “Formal Dispute Notice”; to you: your account email), including the claimant’s name, the nature of the claim, and the relief sought. The parties will attempt in good faith to resolve the dispute within 30 days of the notice. No arbitration or court proceeding may be started before that period ends.
15.2 Binding individual arbitration. Except as provided in 15.4, any dispute, claim, or controversy arising out of or relating to this Agreement or the Services that is not resolved under 15.1 shall be finally resolved by binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules then in effect. The Federal Arbitration Act governs this Section. The arbitrator has exclusive authority to resolve any dispute about the interpretation, applicability, or enforceability of this arbitration provision, except that only a court may decide the enforceability of the class waiver in 15.3. Judgment on the award may be entered in any court of competent jurisdiction. Hearings will be held in the county where you reside or another mutually agreed location, or by video, as the AAA rules provide. Each party bears its own attorneys’ fees and costs except where the applicable law or the AAA rules provide otherwise; arbitration filing and administration fees are allocated per the AAA Consumer Arbitration Rules.
15.3 Class action and jury waiver. ALL DISPUTES MUST BE BROUGHT IN THE PARTIES’ INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE CLAIMS OR PRESIDE OVER ANY FORM OF REPRESENTATIVE PROCEEDING. EACH PARTY WAIVES THE RIGHT TO A TRIAL BY JURY. If the class waiver is held unenforceable as to a particular claim, that claim (and only that claim) shall proceed in court, and the remaining claims proceed in arbitration.
15.4 Carve-outs. Either party may (a) bring an individual claim in small-claims court in the county of your residence for disputes within that court’s jurisdiction, and (b) seek injunctive or other equitable relief in a court of competent jurisdiction to protect intellectual property or to stop unauthorized access, scraping, or redistribution, without first arbitrating.
15.5 Coordinated filings. If 25 or more demands for arbitration are filed presenting similar claims and represented by the same or coordinated counsel, the parties agree the AAA shall administer them in staged batches of up to 25, beginning with one batch selected jointly (or, absent agreement, by the AAA), with the outcomes of the first batch informing good-faith settlement discussions before subsequent batches proceed. Statutes of limitation are tolled for demands pending in later batches.
15.6 Thirty-day opt-out. You may reject this arbitration provision (Sections 15.2, 15.3, and 15.5) by emailing bullscope@bullscope.ai from your account email within 30 days of your first acceptance of this Agreement, with the subject “Arbitration Opt-Out” and your name and account email in the body. Opting out does not affect any other provision of this Agreement.
16. Governing Law and Venue
This Agreement and any dispute arising out of it are governed by the laws of the State of Florida and applicable federal law, without regard to conflict-of-laws principles. For any matter not subject to arbitration under Section 15, the state and federal courts located in Florida shall have exclusive jurisdiction, and the parties consent to personal jurisdiction there, except that either party may bring small-claims matters in the subscriber’s county of residence as provided above. Nothing in this Section deprives you of mandatory consumer protections of the jurisdiction where you reside.
17. Changes to the Services and to This Agreement
We may modify, add to, suspend, or discontinue any part of the Services at any time. We may amend this Agreement from time to time. For material changes, we will give at least 30 days’ notice by email to your account address and by posting the updated version with a new “Last updated” date; the change takes effect for you upon the earlier of your express acceptance or your continued use of the Services after the effective date stated in the notice. Renewal of a paid subscription after the effective date constitutes acceptance of the then-current Agreement. If you do not agree to a change, your remedy is to cancel before it takes effect.
18. Suspension and Termination
We may suspend or terminate your access immediately if you breach this Agreement, if required by law, or if your use presents a security or legal risk to the Services or other users; where practicable we will state the reason. You may terminate at any time by canceling your subscription. Upon termination your license ends and you must cease use of the content, except copies you lawfully printed or saved for personal records. Termination does not relieve payment obligations already accrued and does not entitle you to refunds except as provided in Section 5. Sections 2, 3, and 6 through 21 survive termination.
19. Privacy and Communications
Our collection and use of personal information is described in the Privacy Policy. You consent to receive transactional and service communications by email, including renewal, billing, and legal notices, and you may separately manage marketing communications. You are responsible for keeping your account email current; notice to the address on file is effective notice.
20. Miscellaneous
This Agreement, together with the documents referenced in Section 1 and the terms presented at checkout, is the entire agreement between you and BullScope regarding the Services and supersedes all prior agreements on that subject. If any provision is held invalid or unenforceable, it shall be enforced to the maximum extent permissible and the remaining provisions remain in full force. Our failure to enforce any provision is not a waiver. You may not assign this Agreement; we may assign it in connection with a merger, acquisition, reorganization, or sale of assets, or by operation of law. Neither party is liable for delay or failure caused by events beyond its reasonable control. Headings are for convenience only. “Including” means “including without limitation.”
21. Contact
Questions about this Agreement: bullscope@bullscope.ai, subject “Subscriber Agreement.”
