Terms of Service

These Terms of Service ("Terms") govern your access to and use of this website (the "Site"), operated by January Fourth Research LLC ("January Fourth," "we," "us," or "our"). By using the Site, you agree to these Terms. If you do not agree, do not use the Site.

1. No investment advice

January Fourth is a private research firm. It is not a registered investment adviser, broker-dealer, or fiduciary. Nothing on the Site is investment, legal, tax, or accounting advice, or a recommendation to buy, hold, or sell any security or other financial instrument. Nothing on the Site is an offer or solicitation to buy or sell anything or to enter into any transaction. You are solely responsible for your own decisions.

2. No client relationship

Using the Site, or contacting us through it, does not create a client, advisory, or confidential relationship. Any engagement with January Fourth is governed by a separate written agreement, and that agreement controls in the event of any conflict with these Terms.

3. Informational content

Content on the Site is provided for general informational purposes and may change without notice. We make no representation that it is complete, current, or accurate, and we are under no obligation to update it.

4. Intellectual property

The Site and its content, including text, design, and graphics, are owned by January Fourth or its licensors and are protected by intellectual property laws. You may view and share the Site for informational purposes, but you may not copy, reproduce, or use its content for commercial purposes without our prior written consent.

5. Acceptable use

You agree not to use the Site for any unlawful purpose, to interfere with its operation or security, to attempt to gain unauthorized access to any system, or to use automated means to scrape or harvest its content without our prior written consent.

6. Third-party links

The Site may link to third-party websites or services that we do not control. We are not responsible for their content or practices, and a link is not an endorsement.

7. Disclaimer of warranties

The Site is provided "as is" and "as available," without warranties of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the Site will be uninterrupted, secure, or error-free.

8. Limitation of liability

To the fullest extent permitted by law, January Fourth and its members, officers, and employees will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for any loss arising out of your use of, or inability to use, the Site, even if advised of the possibility.

9. Indemnification

You agree to indemnify and hold January Fourth harmless from any claim arising out of your use of the Site or your breach of these Terms.

10. Governing law

These Terms are governed by the laws of the State of Florida, without regard to its conflict-of-laws rules. Any dispute will be subject to the exclusive jurisdiction of the courts located there.

11. Changes to these Terms

We may revise these Terms from time to time. Continued use of the Site after any revision takes effect constitutes acceptance of the revised Terms.

12. Contact

Questions regarding these Terms may be directed to research@januaryfourth.com.