These terms are between you and FactPrism Ltd ("FactPrism", "we"), a company registered in England and Wales under number [company number]. They cover your use of the PRISM app and service. Apple's Licensed Application End User License Agreement also applies. If the two conflict, these terms apply to the service, and Apple's EULA applies to the app licence.
1. What PRISM is
PRISM is a research and education service. It summarises information from public company filings, mainly SEC filings, and labels each statement with its source and type.
2. Not investment advice
PRISM does not give investment, financial, tax or legal advice. It does not recommend buying, selling or holding any security, and it does not give price targets. Nothing in PRISM takes your personal circumstances into account. You are responsible for your own investment decisions. Consider speaking to an authorised adviser.
3. Accuracy
We work to make every figure traceable to its source, and we flag figures we couldn't verify. But filings can be amended, extraction can go wrong, and AI-generated inferences can be mistaken. Statements labelled "AI inference" are our derived conclusions, not facts. Always check the original filing before relying on a figure. PRISM is provided "as is", to the extent the law allows.
4. Access by invitation
PRISM is available only to people invited by FactPrism or by an organisation that has arranged access with us. An invitation code is personal to you, and you must not share it. Your organisation, or FactPrism, may end your access, for example when you leave the organisation or its arrangement ends. Any research credits you bought stay on your account, but you can use them only while you have access. [legal: confirm this interaction with "credits never expire" and consumer law]
5. Your account
You sign in with Apple. Keep your Apple ID secure. One account is for one person. Free accounts can be used on a limited number of devices. You can delete your account in the app at any time (Account → Delete account).
6. Purchases
- Subscriptions (PRISM Pro Monthly and Annual) and research credits are sold through Apple's App Store and billed to your Apple ID.
- Subscriptions renew automatically unless you cancel at least 24 hours before the end of the current period. Manage or cancel them in Settings → Apple ID → Subscriptions.
- Research credits never expire. They're tied to your account and can't be transferred or exchanged for cash.
- Refunds are handled by Apple under its policies. If a report fails to build because of a fault on our side, the credit is returned automatically.
- Deleting your account doesn't cancel an Apple subscription. Cancel it in Settings.
7. Fair use
Don't:
- use automated tools to extract reports in bulk;
- resell or republish exports as a data service;
- try to bypass usage limits, device limits or security checks;
- reverse-engineer the service.
We apply usage limits, and may slow or suspend accounts that break these rules. Exports carry a watermark that identifies the account.
8. Intellectual property
SEC filings are public documents. The PRISM app, its analysis, its labels and its design belong to FactPrism. You may share exports for your own personal, non-commercial use, with the attribution kept.
9. Liability
Nothing in these terms limits liability that the law doesn't allow us to limit. Apart from that, we aren't liable for investment losses, or for indirect or consequential losses, arising from your use of PRISM. [liability cap clause]
10. Changes and ending
We may update these terms and will tell you in the app before material changes take effect. You can stop using PRISM at any time. We may suspend accounts that seriously or repeatedly break these terms.
11. Law
[governing law]