General Terms and Conditions

§ 1 Scope

These General Terms and Conditions (Terms) apply to the use of the online service FairValue (the “Service”), operated by Luca Koopmann, An der Feldscheune 22, 41470 Neuss. Deviating terms of the user do not apply.

§ 2 Description of services

FairValue provides prices, metrics, news and a model-based valuation (fair value) for securities. Prices, charts, news and metrics are freely accessible. The fair-value analysis is part of the paid “FairValue Pro” subscription with unlimited analyses. For new customers the subscription begins with a free 3-day trial; the trial applies once per account. The range of features may evolve.

Prices, charts and news are provided for stocks worldwide and may be delayed; real-time quotes are not part of the contract. A fair-value analysis is only available for the securities for which we have verified fundamentals — currently US stocks with SEC filings and a curated selection of European companies, which is continuously expanded. There is no entitlement to the valuation of a particular security.

§ 3 No investment advice

All content serves informational purposes only and does not constitute investment, legal or tax advice nor a solicitation to buy or sell financial instruments. Model-based valuations are based on assumptions and may differ from actual developments. You make investment decisions on your own responsibility; investments carry risk up to total loss.

§ 4 Conclusion of contract

The contract for free use is concluded upon registration. The “FairValue Pro” subscription is concluded when you complete the ordering process via our payment provider Stripe. If, as a new customer, you start with the 3-day trial, you provide a payment method. No costs arise during the trial. If you do not cancel by the end of the trial, the subscription automatically converts into the paid term and the first payment becomes due.

§ 5 Prices and payment

The subscription costs 8,99 € per Monat (incl. statutory VAT where applicable). Billing is in advance via Stripe. By purchasing, you authorize us or Stripe to collect the amount due on a recurring basis. For new customers the subscription begins with a free 3-day trial during which no costs arise; the first payment only becomes due after the trial ends unless cancelled beforehand. The free trial applies once per account.

§ 6 Term and cancellation

The subscription initially runs for one Monat and automatically renews for a further Monat each time unless cancelled by the end of the term. Cancellation is possible at any time to the end of the term — conveniently via the subscription management in your account (Stripe customer portal). After cancellation, Pro access remains until the end of the period already paid for. If you cancel during the free trial, the contract ends at the end of the trial and nothing is charged.

§ 7 Right of withdrawal

Consumers have a statutory right of withdrawal. Details are set out in our right-of-withdrawal notice.

As this concerns digital content not supplied on a physical medium, the right of withdrawal expires early if you expressly agree that we begin performing the contract before the withdrawal period expires and you confirm your knowledge that by giving your consent you lose your right of withdrawal once performance begins. You give this consent when concluding the subscription via the corresponding confirmation (checkbox) in the ordering process.

§ 8 Availability

We strive for high availability of the Service but do not owe uninterrupted availability. Maintenance, disruptions or outages at third-party data providers may temporarily limit use.

§ 9 Liability

We are liable without limitation for intent and gross negligence, as well as under the Product Liability Act and for injury to life, body or health. For simple negligence we are only liable in the event of a breach of a material contractual obligation (cardinal obligation) and limited to the foreseeable damage typical for the contract. Liability for investment decisions based on the information provided is excluded (cf. § 3).

§ 10 Copyright and usage restrictions

The platform, the underlying software, the design and the data structures provided are protected by copyright. You receive a simple, non-transferable right, limited to the term of the contract, to use the Service for your own private or internal business purposes. Automated data extraction (data scraping, crawling) as well as the systematic redistribution or commercial exploitation of the platform content without our express written consent are prohibited.

§ 11 Changes to the Terms

We may change these Terms with effect for the future if this is necessary for good cause. We will inform you of changes in good time. If you do not object within the stated period, the changes are deemed accepted.

§ 12 Final provisions

The law of the Federal Republic of Germany applies, excluding the UN Convention on Contracts for the International Sale of Goods. Mandatory consumer-protection provisions of the country of your habitual residence remain unaffected. Should individual provisions be invalid, the validity of the remaining ones remains unaffected.

The European Commission provides a platform for online dispute resolution (ODR): https://ec.europa.eu/consumers/odr/. We are not willing or obliged to take part in dispute resolution proceedings before a consumer arbitration board.

Note: These Terms reflect the current range of services. They do not replace legal advice and should be reviewed by a lawyer before full publication.