Terms of Service

1. Acceptance of these Terms

By accessing the website, requesting or using an evaluation copy, purchasing a license, or using the software, you agree to these Terms. If you use the software on behalf of an organization, you represent that you have authority to bind that organization.

2. Software license

Subject to payment and compliance with these Terms, Tapestry grants the licensee a limited, non-exclusive, non-transferable, revocable right to install and use the applicable edition during the stated license term for the licensee’s internal business purposes.

The Professional Edition is currently offered at $499 for a one-year software license unless a different price, term, or scope is stated in a written order or invoice. Pricing may change for future purchases or renewals.

3. Evaluation Edition

The Evaluation Edition is provided for product evaluation using the included Tapestry Demonstration Fund. Demonstration performance is illustrative, does not represent a live investment product, and must not be presented as actual investment performance. Evaluation features may be restricted and may differ from the Professional Edition.

4. Permitted and prohibited use

You may use generated analytics and reports for lawful internal analysis, diligence, marketing, and investor communications, provided you have the necessary rights to the underlying data and your use complies with applicable law.

• Do not copy, resell, sublicense, rent, or commercially distribute the software.
• Do not reverse engineer, decompile, bypass technical restrictions, or attempt to extract protected demonstration data except where applicable law expressly permits.
• Do not use the software or sample materials to misrepresent performance, credentials, assets, or investment results.
• Do not use the software for unlawful, infringing, deceptive, or harmful activity.

5. User data and responsibilities

You are responsible for the accuracy, completeness, authorization, backup, and lawful use of all return data, benchmark data, branding, assumptions, and other information you enter. You must independently review calculations and reports before relying on or distributing them.

6. Analytics are not investment advice

The software provides mathematical calculations, visualizations, definitions, and reporting tools. It does not provide investment, legal, tax, accounting, compliance, or other professional advice; recommend any security, fund, or strategy; verify a track record; or guarantee that any result satisfies a particular investor, regulator, or reporting standard.

7. Optional AI commentary

AI commentary is optional and requires a user-supplied OpenAI API key and separate OpenAI API account and billing. AI-generated content may be incomplete, inaccurate, inconsistent, or inappropriate for a particular audience. You are responsible for reviewing, editing, approving, and lawfully using all AI-generated output. OpenAI’s terms and privacy practices apply to use of its API.

8. Third-party services

The website and software may rely on third-party services, including hosting, source-code hosting, operating-system credential storage, spreadsheet and document software, and the optional OpenAI API. We do not control and are not responsible for third-party services, availability, security, terms, or data practices.

9. Intellectual property

The software, website, designs, documentation, logos, trademarks, protected datasets, and related materials are owned by Tapestry or its licensors. Except for the limited license expressly granted, no rights are transferred to you. You retain rights in data and branding you lawfully provide.

10. Availability, updates, and support

We may modify, update, suspend, or discontinue features. Support is provided on a commercially reasonable basis through the contact information below and may be subject to separate terms. You are responsible for maintaining a compatible Windows environment and appropriate backups.

11. Disclaimer of warranties

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE WEBSITE, SOFTWARE, EVALUATION EDITION, SAMPLE MATERIALS, ANALYTICS, REPORTS, AND AI-GENERATED CONTENT ARE PROVIDED “AS IS” AND “AS AVAILABLE.” WE DISCLAIM ALL EXPRESS, IMPLIED, AND STATUTORY WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, AND UNINTERRUPTED OR ERROR-FREE OPERATION.

12. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TAPESTRY WILL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES; LOST PROFITS, REVENUE, BUSINESS, DATA, OR GOODWILL; OR INVESTMENT, MARKETING, COMPLIANCE, OR REPORTING DECISIONS ARISING FROM OR RELATED TO THE WEBSITE OR SOFTWARE.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TAPESTRY’S TOTAL LIABILITY WILL NOT EXCEED THE AMOUNT PAID BY YOU FOR THE APPLICABLE LICENSE DURING THE TWELVE MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

13. Indemnification

You agree to defend, indemnify, and hold harmless Tapestry and its personnel from claims, losses, liabilities, and expenses arising from your data, misuse of the software, distributed reports or marketing materials, violation of law, or breach of these Terms.

14. Termination

The license expires at the end of its stated term unless renewed. We may suspend or terminate access for nonpayment, misuse, infringement, security risk, or material breach.

15. Governing law

These Terms are governed by the laws of the State of New Jersey, without regard to conflict-of-law principles, except where applicable law requires otherwise.

16. Changes to these Terms

We may update these Terms by posting a revised version and effective date. Material changes apply prospectively. Continued use after an update constitutes acceptance.

17. Contact

Questions may be sent to [email protected].