Effective Date: June 8, 2026 | Last Updated: June 8, 2026
These Terms of Service (“Terms”) govern your access to and use of Lemma Capital’s website, newsletters, research platform, subscription products, dashboards, model portfolio materials, community features, emails, and other services collectively referred to as the “Services.”
By accessing or using the Services, you agree to these Terms. If you do not agree, you should not use the Services.
Lemma Capital provides investment research, strategy notes, company analysis, market commentary, model portfolio materials, and related informational content.
Legal entity: Lemma Capital LLC
Registered address: 8 The Green, Dover, Delaware 19901, USA
Contact email: a.pisanov@lemmacap.com
You must be at least 18 years old to use the Services.
By using the Services, you represent that:
We may restrict, suspend, or terminate access to users in certain jurisdictions at our discretion.
The Services are provided for informational, educational, and research purposes only.
Nothing in the Services is personalized investment advice, financial advice, legal advice, tax advice, accounting advice, or any other professional advice.
Lemma Capital is not a registered investment adviser, broker-dealer, portfolio manager, or financial adviser. Your use of the Services does not create an advisory, fiduciary, brokerage, client, agency, or portfolio management relationship between you and Lemma Capital.
You are solely responsible for your own investment decisions.
Some parts of the Services may require a paid subscription.
By purchasing a subscription, you agree to pay the fees shown at checkout and any applicable taxes. Subscription fees may be charged in advance on a recurring basis, depending on the plan you choose.
Payments may be processed by third-party payment providers. We do not directly store full payment card numbers.
We may change subscription prices, plans, features, or billing terms from time to time. If required by law or platform rules, we will provide notice before material changes take effect.
Subscriptions may renew automatically unless cancelled before the renewal date.
You are responsible for managing and cancelling your subscription through the applicable platform, account settings, payment provider, or other method we make available.
Cancellation will generally stop future billing but does not automatically entitle you to a refund for the current billing period unless required by law or expressly stated by us.
Unless required by applicable law or expressly stated otherwise, subscription payments are non-refundable.
We may, at our discretion, offer refunds, credits, or trial periods on a case-by-case basis. Offering a refund in one case does not require us to offer refunds in other cases.
You are responsible for maintaining the confidentiality of your account credentials.
You agree not to share your login details, subscription access, paid content, dashboards, or other restricted materials with unauthorized users.
You must notify us promptly if you believe your account has been compromised.
We may suspend or terminate accounts that appear to be misused, shared, compromised, fraudulent, or in violation of these Terms.
You agree not to:
The Services, including research, text, dashboards, models, charts, graphics, logos, design, software, analysis, rankings, scores, model portfolio materials, and other content, are owned by Lemma Capital or its licensors and are protected by intellectual property laws.
Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Services for your personal, non-commercial use.
You may not reproduce, distribute, modify, create derivative works from, publicly display, publicly perform, resell, or commercially exploit any part of the Services without our prior written permission.
If you submit comments, feedback, questions, messages, posts, or other content to the Services, you are responsible for that content.
You grant Lemma Capital a non-exclusive, worldwide, royalty-free license to use, reproduce, store, display, modify, and distribute your submitted content as necessary to operate, improve, and promote the Services.
You represent that you have the rights necessary to submit such content and that it does not violate any law or third-party rights.
We may remove user content at our discretion.
The Services may include community features, comments, discussions, events, or private groups.
You agree to engage respectfully and not post unlawful, abusive, misleading, defamatory, harassing, promotional, spammy, or otherwise inappropriate content.
We may moderate, remove, restrict, or terminate access to community features at our discretion.
The Services may include links to or integrations with third-party websites, platforms, tools, payment processors, data providers, community platforms, or other services.
We are not responsible for third-party services, content, accuracy, availability, security, privacy practices, or policies.
Your use of third-party services may be subject to their own terms and policies.
We may modify, suspend, discontinue, or replace any part of the Services at any time.
We do not guarantee that any feature, content, dashboard, model portfolio, research note, community feature, or subscription plan will remain available permanently.
The Services are provided “as is” and “as available.”
To the maximum extent permitted by law, Lemma Capital makes no warranties, express or implied, including warranties of accuracy, completeness, reliability, availability, merchantability, fitness for a particular purpose, non-infringement, or suitability for any investment decision.
Investment-related content may be incomplete, incorrect, outdated, volatile, speculative, or subject to revision without notice.
To the maximum extent permitted by law, Lemma Capital and its owners, employees, contractors, affiliates, service providers, and related persons shall not be liable for any indirect, incidental, consequential, special, punitive, or other damages arising from or related to your use of the Services.
This includes, without limitation, investment losses, lost profits, lost opportunities, data loss, business interruption, or reliance on any information provided through the Services.
To the maximum extent permitted by law, Lemma Capital’s total liability for any claim related to the Services shall not exceed the amount you paid to Lemma Capital for the Services during the three months before the claim arose.
You agree to indemnify and hold harmless Lemma Capital and its owners, employees, contractors, affiliates, service providers, and related persons from any claims, losses, liabilities, damages, costs, or expenses arising from:
We may suspend or terminate your access to the Services at any time if we believe you have violated these Terms, created risk for Lemma Capital or other users, misused the Services, or used the Services unlawfully.
You may stop using the Services at any time. Cancellation of a subscription is governed by the cancellation terms above.
Sections intended to survive termination will continue to apply, including intellectual property, disclaimers, limitation of liability, indemnification, governing law, and dispute provisions.
Our collection and use of personal information is described in our Privacy Policy.
By using the Services, you acknowledge that you have read our Privacy Policy.
Your use of the Services is also subject to our Disclaimer and any other policies, notices, or terms we provide.
If these Terms conflict with the Disclaimer or Privacy Policy, these Terms govern your contractual use of the Services, while the Privacy Policy governs our handling of personal information and the Disclaimer governs investment-related limitations and risk disclosures.
These Terms are governed by the laws of the State of Delaware, USA, without regard to conflict of law principles.
You agree that any dispute arising from or related to these Terms or the Services will be resolved in the courts located in Delaware, USA, unless applicable law requires otherwise.
We may update these Terms from time to time. The updated version will be marked with a new “Last Updated” date.
If we make material changes, we may notify you by email or through the Services.
Your continued use of the Services after any update means you accept the updated Terms.
For questions about these Terms, contact us at:
Lemma Capital LLC
Contact email: a.pisanov@lemmacap.com
Mailing address: 1111B S Governors Ave # 20084, Dover, Delaware 19904, USA