Terms of Service

1. Acceptance of Terms

You acknowledge and agree that by registering for an account, downloading the Excel add-in, or accessing or using any services provided by Filot Inc. (including but not limited to domains and subdomains such as filot.ai, app.filot.ai, or any other services), you are indicating that you have read, understand, and agree to be bound by these Terms of Service ("Terms") and our Privacy Policy. If you do not agree to these Terms of Service, then you have no right to access or use the Services.

2. Intellectual Property Rights

2.1. Our Intellectual Property

We are the owner or the licensee of all intellectual property rights in our Services, including all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics in the Services (collectively, the "Content"), as well as the trademarks, service marks, and logos contained therein (the "Marks").

Our Content and Marks are protected by copyright laws (and various other intellectual property rights and unfair competition laws) and treaties in the United States and around the world.

The Content and Marks are provided in or through the Services "AS IS" for your internal business purpose only.

2.2. Your Use of Our Services

Subject to your compliance with these Terms, including the "Prohibited Activities" section below, we grant you a non-exclusive, non-transferable, revocable license to:

• Access the Services; and
• Download or print a copy of any portion of the Content to which you have properly gained access solely for your internal business purpose.

Except as set out in this section or elsewhere in our Terms, no part of the Services and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.

We reserve all rights not expressly granted to you in and to the Services, Content, and Marks. Any breach of these Intellectual Property Rights will constitute a material breach of our Terms and your right to use our Services will terminate immediately.

2.3. Your Submissions

By directly sending us any question, comment, suggestion, idea, feedback, or other information about the Services ("Submissions"), you agree to assign to us all intellectual property rights in such Submission. You agree that we shall own this Submission and be entitled to its unrestricted use and dissemination for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you.

3. User Representations

By using the Services, you represent and warrant that:

• All registration information you submit will be true, accurate, current, and complete.
• You will maintain the accuracy of such information and promptly update such registration information as necessary.
• You have the legal capacity and you agree to comply with these Terms.
• You are not a minor in the jurisdiction in which you reside.
• You will not access the Services through automated or non-human means, whether through a bot, script, or otherwise.
• You will not use the Services for any illegal or unauthorized purpose.
• Your use of the Services will not violate any applicable law or regulation.

If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Services.

4. User Registration

You may be required to register to use the Services. You agree to keep your password confidential and will be responsible for all use of your account and password. We reserve the right to remove, reclaim, or change a username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable.

5. Payments and Billing

Certain features of the Services may require payment of fees. By subscribing to a paid plan, you agree to pay all applicable fees and charges for the subscription plan you select. You authorize us to charge your chosen payment method for such fees and charges.

• Fees are billed in advance on a monthly or annual basis, depending on your selected plan.
• All fees are non-refundable except as required by law or as expressly stated in a separate written agreement.
• We reserve the right to change our pricing with 30 days' notice. Continued use after a price change constitutes acceptance.

6. Cancellation

You can cancel your subscription at any time by contacting us using the contact information provided below. Your cancellation will take effect at the end of the current paid term. You will retain access to the Services until the end of your billing period.

If you are unsatisfied with our Services, please email us at bjorn@filot.ai.

7. Prohibited Activities

You may not access or use the Services for any purpose other than that for which we make the Services available. As a user of the Services, you agree not to:

• Systematically retrieve data or other content from the Services to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
• Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
• Circumvent, disable, or otherwise interfere with security-related features of the Services.
• Disparage, tarnish, or otherwise harm, in our opinion, us and/or the Services.
• Use any information obtained from the Services in order to harass, abuse, or harm another person.
• Make improper use of our support services or submit false reports of abuse or misconduct.
• Use the Services in a manner inconsistent with any applicable laws or regulations.
• Upload or transmit viruses, Trojan horses, or other material that interferes with any party's uninterrupted use and enjoyment of the Services.
• Engage in any automated use of the system, such as using scripts to send comments or messages.
• Delete the copyright or other proprietary rights notice from any Content.
• Attempt to impersonate another user or person or use the username of another user.
• Interfere with, disrupt, or create an undue burden on the Services or the networks or services connected to the Services.
• Copy, reverse-engineer, or adapt the Services' software, including but not limited to HTML, JavaScript, APIs, or other code.
• Use the Services as part of any effort to compete with us or otherwise use the Services and/or the Content for any revenue-generating endeavor or commercial enterprise without our express permission.

8. Services Management

We reserve the right, but not the obligation, to:

• Monitor the Services for violations of these Terms.
• Take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms.
• Refuse, restrict access to, limit the availability of, or disable any of your content or any portion thereof, in our sole discretion.
• Remove from the Services or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems.
• Otherwise manage the Services in a manner designed to protect our rights and property and to facilitate the proper functioning of the Services.

9. Not Financial Advice

The Services are designed to assist with financial modeling, data analysis, and research workflows. The outputs generated by the Services, including but not limited to financial models, data extractions, analyses, and summaries:

• Do not constitute investment advice, financial advice, trading advice, or any other form of professional advice.
• Should not be relied upon as the sole basis for any investment decision.
• May contain errors, inaccuracies, or omissions despite our efforts to ensure accuracy.
• Are provided as tools to support, not replace, professional judgment and independent analysis.

You are solely responsible for verifying the accuracy of any outputs and for any decisions made based on information processed through the Services. Filot is not a registered investment adviser, broker-dealer, or financial planner.

10. Handling of User-Uploaded Data

10.1. User Responsibilities

By uploading any private or sensitive information, including but not limited to Confidential Information Memoranda (CIMs), private corporate documents, or any other proprietary data ("User Data"), you represent and warrant that you have the necessary rights, consents, and permissions to provide such User Data to us for the purposes described in these Terms.

You agree not to upload any User Data that:

• Violates any law or regulation.
• Infringes on any third party's intellectual property or privacy rights.
• Contains sensitive personal information unless it is required for the specific use case and you have obtained all necessary consents.

10.2. Our Responsibilities and Limitations

We are committed to maintaining the security and confidentiality of your User Data. We will use industry-standard security measures to protect your User Data against unauthorized access, disclosure, or use. However, we do not guarantee that unauthorized third parties will never be able to defeat those measures or use your User Data for improper purposes.

User Data sent to our AI model provider (Anthropic) is handled under a zero data retention agreement. Anthropic does not store, log, or train on any data processed through Filot. See our Privacy Policy for details.

10.3. Data Processing Agreements

Enterprise clients who require a Data Processing Agreement (DPA) or other contractual data protection terms may request one by contacting us at legal@filot.ai.

11. Third-Party Services and Integrations

The Services may integrate with or provide access to third-party data providers, including but not limited to financial data platforms. Your use of any third-party services accessed through Filot is subject to the terms and conditions of those third-party providers. We are not responsible for the content, accuracy, or practices of any third-party services.

12. Confidentiality

We treat all User Data as confidential information. We will not disclose your User Data to third parties except as required to provide the Services (e.g., processing through our AI model provider under zero data retention terms), as required by law, or with your prior written consent. This confidentiality obligation survives termination of your account.

13. Term and Termination

These Terms shall remain in full force and effect while you use the Services. We may, in our sole discretion and without notice or liability, deny access to and use of the Services to any person for any reason, including breach of any representation, warranty, or covenant contained in these Terms.

If we terminate or suspend your account, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party. Upon termination, your right to use the Services will immediately cease. We will delete your User Data within 30 days of termination, except where retention is required by law.

14. Indemnification

You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys' fees and expenses, made by any third party due to or arising out of: (1) your use of the Services; (2) breach of these Terms; (3) any breach of your representations and warranties set forth in these Terms; (4) your violation of the rights of a third party, including but not limited to intellectual property rights; or (5) any User Data you upload to the Services.

15. Disclaimer

THE SERVICES ARE PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SERVICES AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SERVICES' CONTENT OR THE CONTENT OF ANY WEBSITES LINKED TO THE SERVICES AND WE WILL ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS.

16. Limitations of Liability

IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO US DURING THE SIX (6) MONTH PERIOD PRIOR TO ANY CAUSE OF ACTION ARISING.

17. Governing Law and Dispute Resolution

These Terms and your use of the Services are governed by and construed in accordance with the laws of the State of Delaware applicable to agreements made and to be entirely performed within the State of Delaware, without regard to its conflict of law principles.

Any dispute arising from or relating to these Terms or the Services shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. The arbitration shall take place in San Francisco, California. The decision of the arbitrator shall be final and binding.

18. Modifications

We reserve the right to change, modify, or remove the contents of the Services at any time or for any reason at our sole discretion without notice. We also reserve the right to modify or discontinue all or part of the Services without notice at any time. We may update these Terms from time to time. The updated version will be indicated by an updated "Last Updated" date. Your continued use of the Services after any changes constitutes acceptance of the revised Terms.

19. Severability

If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law, and the remaining provisions will continue in full force and effect.

20. Entire Agreement

These Terms, together with our Privacy Policy and any other agreements expressly incorporated by reference herein, constitute the sole and entire agreement between you and Filot Inc. regarding the Services and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral.