Terms of Service — Walter Grades

1. Acceptance of these terms

These Terms of Service ("Terms") are a binding agreement between you and Walter Grades, Inc. ("Walter," "we," "us," "our"). By creating an account, connecting a Gmail account, or otherwise using waltergrades.com or our web or mobile applications (together, the "Service"), you agree to these Terms and to our Privacy Policy. If you do not agree, do not use the Service.

2. Eligibility

You must be at least 18 years old and able to form a binding contract to use the Service. One account per person unless we agree otherwise. You are responsible for all activity under your account and for keeping your login credentials secure.

3. What Walter is — and is not

Walter is an analytics and information service that evaluates investment newsletters and publishes grades, scores, track records, and related analytics.

WALTER IS NOT an investment adviser, broker-dealer, or financial planner. Walter does not provide personalized investment advice and is not a fiduciary. Walter's grades, scores, and analytics are statements of OPINION and INFORMATION ONLY. They are not recommendations to buy, sell, or hold any security, and they are not a substitute for professional financial advice. You are solely responsible for your own investment decisions.

4. Your account and connected accounts

To use core features, you create an account and may connect a Gmail account. When you connect Gmail, you select the specific newsletter senders that Walter may access. Walter accesses ONLY those selected senders and nothing else in your mailbox — see the Privacy Policy, Section 2. You may review or change your selected senders, and disconnect Gmail entirely, at any time.

5. License you grant to Walter

By using the Service and connecting your account, you grant Walter a worldwide, non-exclusive, royalty-free license to access, retrieve, store, process, analyze, and create derived and aggregated data and analytics from the newsletter content available through your selected senders, for the purposes described in these Terms and the Privacy Policy — including (a) providing the Service to you, and (b) developing, operating, and commercializing Walter's ratings, methodology, database, and analytics.

You represent that you have the right to grant this license for the content available in your own account. As to aggregated and de-identified data, this license continues after you stop using the Service, as described in the Privacy Policy.

6. Ratings and methodology

Grades and analytics are produced under Walter's rating methodology, which may change over time. We do not guarantee that any grade, score, or data point is accurate, complete, or current. Walter's economics are not tied to grade outcomes, and publishers cannot pay to influence a grade. Grades are Walter's protected opinions, based on disclosed methodology and underlying facts.

7. Acceptable use

You agree NOT to: (a) scrape, crawl, or harvest the Service; (b) resell, redistribute, or build derivative ratings from Walter's grades or data without our written permission; (c) reverse-engineer the Service or methodology; (d) probe, disrupt, or circumvent the Service or its security; (e) use the Service unlawfully or to infringe others' rights; or (f) misrepresent Walter's grades or your relationship with Walter.

8. Intellectual property

As between you and Walter, Walter owns the Service, the methodology, the grades and scores, the ratings database, all aggregated and derived analytics, and all related intellectual property. You retain ownership of content that you own.

Investment newsletters are the property of their respective publishers. Walter's grades and analyses are Walter's own independent commentary and analysis ABOUT those newsletters.

9. Third-party services and content

The Service relies on third parties (e.g., Google, payment processors). Your use of those services is governed by their own terms. Newsletter content originates with third-party publishers; Walter does not control and is not responsible for that content.

10. Paid plans

Fees, billing, renewals, and cancellations for any paid plan are as described at checkout.

11. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WALTER DOES NOT WARRANT THAT GRADES OR DATA ARE ACCURATE, OR THAT THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE. NOTHING IN THE SERVICE IS INVESTMENT, LEGAL, OR TAX ADVICE.

12. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WALTER WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY LOST PROFITS OR INVESTMENT LOSSES. WALTER'S TOTAL LIABILITY FOR ANY CLAIM WILL NOT EXCEED THE GREATER OF $100 OR THE FEES YOU PAID WALTER IN THE 12 MONTHS BEFORE THE CLAIM.

13. Indemnification

You will indemnify and hold Walter harmless from claims, losses, and expenses arising out of your misuse of the Service, your violation of these Terms, or your violation of law or third-party rights.

14. Termination

You may stop using the Service and delete your account at any time. We may suspend or terminate access for violation of these Terms or to protect the Service or other users. Provisions that by their nature should survive termination — including intellectual property, disclaimers, limitation of liability, indemnification, the license as to aggregated/de-identified data, and dispute resolution — survive.

15. Governing law and dispute resolution

These Terms are governed by the laws of the State of Michigan, without regard to its conflict-of-laws rules.

16. Changes to these terms

We may update these Terms. We will post the updated version with a new effective date and, for material changes, provide more prominent notice. Your continued use of the Service after changes take effect means you accept the updated Terms.

17. Contact

Questions or legal notices: support@waltergrades.com