Terms & Conditions
1. Definitions
Administrator: a User with the ability to add Users, create or modify Subscriptions,
or enable additional features within a Workspace.
Account: the individual account of each User, linked to a Workspace.
Client: the individual or entity that subscribes to the Service.
Client Data: any data uploaded, submitted or otherwise provided to the Service by the Client or its Users.
Contract: the combination of any signed Order Form, these Terms & Conditions, and the Data Processing Agreement.
Credit: the accounting unit used to meter certain paid features within the Service; non-transferable, non-refundable, and subject to a validity period.
Data Protection Laws: the EU General Data Protection Regulation (Regulation 2016/679), the UK GDPR together with the Data Protection Act 2018, the California Consumer Privacy Act as amended, and any equivalent applicable regulation.
NBS IP: the Service, Software, Documentation and any intellectual property provided by PMR to the Client or its Users, including Usage Data. NBS IP does not include Client Data or Research Outputs delivered to the Client.
Order Form: a purchase order that incorporates these Terms & Conditions by reference, or the confirmation of an online subscription.
Owner: the Administrator who created a given Workspace.
Research Outputs: research reports, alerts, weekly picks and other analytical content delivered to the Client through the Service.
Sensitive Data: the special categories of personal data listed in Article 9(1) of the GDPR; HIPAA-protected health information; payment cardholder or financial account information beyond what is required to bill the Service; government identification numbers; information protected by COPPA or GLBA; and any equivalent category under applicable law.
SCCs: the Standard Contractual Clauses adopted by the European Commission (Implementing Decision EU 2021/914) and the UK international data transfer addendum in force since 21 March 2022.
Service: the AI-assisted equity research service operated by PMR, including research reports, weekly picks, pre-IPO alerts, the online dashboard, and any related API access.
Software: the platform accessible at the applicable NextBigStock URLs.
Subscription: the paid commitment between the Client and PMR for the provision of the Service (monthly, annual, or one-time).
Usage Data: data that PMR collects about how the Service is used, including logs, performance metrics, and information used to investigate abuse.
User: an individual authorized by the Client to access the Service under an Account.
Workspace: the Client's primary environment within the Service, to which one or more User Accounts are linked.
2. Composition of the Contract
The Contract is made up of any signed Order Form (which prevails in case of conflict), these Terms & Conditions, the SCCs where applicable, and the Data Processing Agreement. It represents the entire agreement between the parties and supersedes any prior verbal or written arrangement covering the same subject matter.
3. Purpose
These Terms define the conditions under which PMR makes the Service available to the Client. By using the Service, the Client warrants that it has the legal capacity, or the authority, to enter into this Contract on behalf of the entity it represents.
4. Description of the Service
PMR provides the Service as software-as-a-service ("SaaS"). The Service includes AI-assisted equity research, weekly stock picks, pre-IPO alerts, an interactive online dashboard, and, for qualifying plans, API access to selected outputs. The Service integrates with certain third-party tools via API where applicable.
4.1 Research reports and dashboard
The dashboard hosts full research reports, watchlists, valuation models and alert configurations. Reports are generated by PMR's internal analytical pipeline, which combines public market data, regulatory filings and proprietary models. Reports are informational research outputs and do not constitute personalized investment advice.
4.2 Weekly picks and alerts
Subscribers on eligible plans may receive periodic notifications about tracked opportunities, including pre-IPO events. PMR does not guarantee the timeliness, accuracy or profitability of any pick or alert. Nothing communicated through the Service is a solicitation to buy or sell a security.
4.3 API access
Where API access is enabled, the Client is responsible for the security of its API keys, the volume of calls it generates, and the downstream use of the retrieved data.
5. Access to the Service
Subject to the Client's compliance with the Contract, PMR grants the Client a non-exclusive, non-transferable, non-sublicensable right to access the Service for the Client's internal business purposes. Each User must have their own Account; credentials must not be shared. The Client is responsible for its Users' acts and omissions.
Account creation requires accurate, complete and up-to-date information. PMR may request evidence to confirm identity, and may suspend access if it reasonably suspects that the information provided is incorrect or misleading. The allocation of trial credits or free access is entirely at PMR's discretion and may be revoked at any time.
6. Provision of the Service
6.1 Use of the Service
The Client is responsible for its use of the Service and the outcomes it derives from it. The Client agrees to comply with the Contract and with all applicable laws, including Data Protection Laws.
The following are expressly prohibited: copying or modifying NBS IP; removing proprietary notices; using the Service to infringe third-party rights or to violate applicable law; competitive benchmarking; bypassing security controls; disrupting the operation of the Service; sending offensive, unlawful or unsolicited communications; reverse-engineering, decompiling or disassembling the Software; and reselling or sublicensing the Service, Software or Research Outputs to third parties without a specific written agreement.
6.2 Client responsibilities
Third-party tools integrated with the Service are governed by their own terms. PMR is not responsible for the operation of, or the warranties associated with, those tools.
The Client is solely responsible for: the content and use of any Client Data; the instructions and materials it provides; the security of its IT infrastructure; the security and use of its access credentials; and any access to, or use of, the Service made through its systems or credentials.
6.3 Technical prerequisites
Users need a reliable, secure Internet connection. Users are responsible for using strong, unique passwords and for keeping their credentials confidential. PMR is not liable for fraudulent access resulting from a User's negligence.
6.4 Client Data and Research Outputs
PMR does not use Client Data to build or improve any external commercial database. The Client grants PMR a non-exclusive, royalty-free, worldwide license to process, store, transmit, modify and display Client Data solely to the extent necessary to provide the Service.
The Client acknowledges that the quality and accuracy of Research Outputs depend on the quality of the inputs. PMR does not warrant that Research Outputs are error-free.
6.5 Data deletion
Data subjects exercising rights under Data Protection Laws may require the deletion of, or restriction of access to, certain data. The Client may lose access to related contact data, including data for which Credits have been consumed, without any right to reimbursement.
6.6 Service suspension
PMR may suspend the Client's or a User's access if: NBS IP is threatened or attacked; the use poses a security risk; the use is fraudulent or unlawful; the Client is subject to bankruptcy or cessation of business; the Client Data violates third-party rights; or a sub-processor suspends its own services. PMR will make commercially reasonable efforts to restore access once the cause has been remedied. Suspension for up to seven (7) calendar days without cure permits termination under Section 16.
7. Continuity of the Service
7.1 Access
PMR uses reasonable efforts to keep the Service accessible, subject to scheduled maintenance, suspension, or force majeure. The Service depends on the Internet and on sub-processors; PMR does not guarantee uninterrupted or error-free operation. Incidents can be reported to hello@nextbigstock.ai.
7.2 Maintenance and updates
PMR may add, modify or remove features, endpoints and integrations at any time, with reasonable notice for material changes. Previous versions of the Software are not made available.
8. Duration
The Contract enters into force when the Workspace is created or when a Subscription is accepted, whichever is earlier. It remains in force until the Workspace is deleted or the Subscription ends, whichever is later. Termination is governed by Section 16.
9. Subscription terms
9.1 Monthly Subscription
A monthly Subscription auto-renews on a monthly cycle. Credits allocated for the month are valid for three (3) months. The Client may cancel auto-renewal at any time from the Workspace; cancellation is effective at the end of the current billing cycle.
9.2 Annual Subscription
An annual Subscription auto-renews on a yearly cycle. Credits allocated for the year are valid for twelve (12) months. The Client may cancel auto-renewal at any time; cancellation is effective at the end of the current annual period.
9.3 One-time purchase
Credits acquired through a one-time purchase are valid for six (6) months. One-time purchases cannot be reduced; additional purchases are treated as new subscriptions.
10. Workspace deletion
An Administrator or Owner may request deletion of the Workspace by writing to hello@nextbigstock.ai. PMR will confirm the request and, once validated, permanently delete the Workspace and its associated Accounts. Remaining Credits are forfeited; no refund is due.
11. Financial terms
11.1 Price
Fees are set out in the applicable Order Form or on the pricing interface at the time of subscription. Prices are exclusive of VAT, sales tax and equivalent duties, unless expressly stated otherwise.
11.2 Payment
Monthly and annual Subscriptions are billed in advance on each renewal date, via the payment method on file (Stripe or equivalent). One-time purchases are billed immediately.
11.3 Late payment and suspension
Late payment incurs interest at the maximum rate permitted by applicable law, without any prior reminder. PMR reserves the right to suspend access until the outstanding invoice is paid. Suspension does not entitle the Client to any refund. If the Client disputes an invoice, the dispute must be raised within twenty-five (25) calendar days of the payment date, indicating the invoice number and the reason.
12. Intellectual property
12.1 Ownership
The Client acknowledges that PMR owns, or holds the necessary rights over, all NBS IP. The Contract does not transfer ownership. Unauthorized reproduction, distribution or use of NBS IP is an infringement of PMR's rights.
THE SERVICE AND NBS IP ARE PROVIDED "AS IS". TO THE MAXIMUM EXTENT PERMITTED BY LAW, PMR DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
12.2 Indemnification
Each party will defend the other against third-party claims alleging that its intellectual property infringes the rights of a third party, and will pay the reasonable attorney fees and awarded damages resulting from such claims. PMR is not required to indemnify claims arising from unauthorized modifications of the Service, the combination of the Service with unauthorized third-party tools, or the Client's failure to install available updates. The Client will indemnify PMR against any claim arising from Client Data or from the Client's unauthorized use of the Service.
12.3 Commercial references
Each party authorizes the other to use its name and logo for the purpose of identifying it as a customer or provider during the term of the Contract, including on websites and social channels.
13. Liability
PMR is bound by an obligation of means with respect to the provision of the Service.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, PMR'S AGGREGATE LIABILITY UNDER ANY LEGAL OR EQUITABLE THEORY WILL NOT EXCEED THE AMOUNTS PAID TO PMR UNDER THIS CONTRACT DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM.
PMR is not liable for indirect or consequential damages, including lost profits, lost revenues, goodwill or reputation losses, or the cost of substitute goods or services, regardless of whether it was advised of the possibility of such damages.
14. Confidentiality
Each party undertakes to keep confidential all technical, legal, commercial, industrial, financial or strategic information exchanged during the negotiation, conclusion or performance of the Contract ("Confidential Information"), and will not disclose such information without the prior written consent of the other party, save where disclosure is required by law or by a competent authority. This obligation continues for five (5) years after the end of the Contract.
15. Personal data
The Client warrants that its use of the Service complies with Data Protection Laws, and that it has all necessary rights and consents to authorize the processing of any Client Data by PMR and its sub-processors.
The Service is not designed to process Sensitive Data. The Client agrees not to submit Sensitive Data through the Service.
Where PMR processes personal data on behalf of the Client (for example, imported watchlists), it acts as a data processor and the Data Processing Agreement applies. Where PMR provides research or dashboard functionality, it acts as an independent data controller with respect to the operational data it collects. Transfers of personal data outside the EEA or the UK are governed by the SCCs and the UK international data transfer addendum.
16. Termination
16.1 By the Client
The Client may cancel auto-renewal of a monthly or annual Subscription at any time from the Workspace. Cancellation is effective at the end of the current billing cycle. The Client may also terminate for material breach by PMR that is not cured within thirty (30) days of written notice sent to hello@nextbigstock.ai.
16.2 By PMR
PMR may terminate the Contract at any time for non-payment or for material breach by the Client, by simple written notification, with immediate effect. PMR may also cancel auto-renewal of a Subscription at any time.
16.3 Effects of termination
Upon termination, the Client's right to use the Service ceases immediately. Any integrations operated by the Client must be disconnected by the Client. Amounts already paid are non-refundable except where these Terms expressly provide otherwise.
17. Force majeure
Neither party is liable for any delay or non-performance caused by a force majeure event, meaning an event beyond the party's reasonable control, that was not reasonably foreseeable at the time the Contract was concluded, and whose effects cannot be avoided by appropriate measures. If a force majeure event prevents the performance of an essential obligation for more than thirty (30) calendar days, either party may terminate the Contract by written notice, without indemnity.
18. Amendments
PMR may unilaterally amend these Terms & Conditions and any accompanying documentation. Material amendments will be communicated by email or in-app notice at least fifteen (15) calendar days before they take effect. Continued use of the Service after that date constitutes acceptance of the amendments.
19. Assignment
The Contract is concluded intuitu personae with respect to the Client, who may not assign or transfer its rights or obligations without PMR's prior written consent. PMR may assign the Contract to an affiliate or in the context of a merger, acquisition or sale of substantially all its assets, without the Client's consent.
20. Governing law & jurisdiction
The Contract is governed by the laws of the State of Delaware, United States, without regard to its conflict-of-laws principles. The parties agree to attempt an amicable resolution of any dispute. Failing that, the state and federal courts sitting in Delaware will have exclusive jurisdiction, subject to the arbitration provisions below.
21. Arbitration agreement
21.1 General
Any Claim arising out of or relating to these Terms, the access to or use of the Service, the commercial relationship between the Client and PMR, or any related transaction, will be resolved by binding individual arbitration.
21.2 Opt-out
New Users may opt out of this arbitration agreement within thirty (30) days of first accepting these Terms by sending a written notice to hello@nextbigstock.ai, containing their full legal name and their opt-out intent. Opting out does not affect any other provision of these Terms.
21.3 Dispute-resolution process
Before initiating arbitration, the Client must contact PMR and attempt an informal resolution. If the dispute is not resolved within sixty (60) days, either party may submit it to binding arbitration before a single arbitrator, under the rules of JAMS. The arbitration will take place in New Castle County, Delaware, unless the parties agree otherwise or applicable law requires a different venue.
21.4 Equitable relief
Nothing in this Section prevents PMR from seeking injunctive or other equitable relief from a court to prevent the actual or threatened infringement, misappropriation or violation of its data security, confidential information or intellectual property rights, or the Client from asserting claims in small claims court on an individual basis.
21.5 Class action & jury trial waiver
BY ENTERING INTO THESE TERMS, THE CLIENT AND PMR EACH WAIVE THE RIGHT TO A TRIAL BY JURY AND THE RIGHT TO BRING, JOIN OR PARTICIPATE IN ANY CLASS ACTION, COLLECTIVE ACTION, PRIVATE ATTORNEY GENERAL ACTION OR OTHER REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate multiple claimants' claims and may only award individual relief.
Contact
Questions about these Terms should be sent to hello@nextbigstock.ai.
Last updated: July 8, 2026.