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QuantLens Commercial Data License

Last updated: December 2025
Provider: QuantLens Data Systems ("QuantLens", "we", "us", "our")

This document is a general commercial license template for QuantLens data products. It is not legal advice. Customers and partners should review it with their own counsel.

1. Scope of License

Subject to full payment of applicable fees and compliance with this License, QuantLens grants the Customer ("you") a non-exclusive, non-transferable, non-sublicensable license to use the licensed datasets (the "Data") for your internal business purposes, in accordance with the terms below.

Unless explicitly agreed in writing, this License covers one legal entity (and its majority-owned affiliates) only.

2. Permitted Use

You may:

1. Store and process the Data in your own infrastructure, data lake, or analytics environment.
2. Use the Data for analysis, research, and model development, including:
   • Statistical analysis, dashboards, and reports
   • Machine learning / AI model training, validation, and backtesting
   • Quantitative strategies, risk models, and forecasting
3. Create Derived Works, including but not limited to:
   • Signals, factors, features, embeddings
   • Aggregated statistics, metrics, and visualizations
   • Trained models and model outputs
4. Use Derived Works commercially, including in:
   • Trading and investment workflows
   • Internal or client-facing analytics products
   • Decision-support tools and applications

For clarity: as long as no recipient can reverse-engineer or reconstruct the original rows/columns of the Data, Derived Works are generally permitted.

3. Restrictions

Unless explicitly agreed in a separate written agreement, you may not:

1. Redistribute the raw Data (or any subset that is substantially similar) to third parties, whether for free or for a fee.
   • This includes hosting or exposing tables, Parquet files, or CSVs that contain original QuantLens records.
2. Create a competing data product that is essentially a repackaged form of the Data, such as:
   • Reselling contract-level, trial-level, or patent-level feeds that mirror QuantLens structure and coverage
   • White-labeling the Data as your own dataset
3. Share the Data externally beyond:
   • Your employees, contractors, and service providers who are bound by confidentiality and need access for your internal purposes.
4. Remove or alter attribution, copyright notices, or technical measures intended to protect the Data.
5. Use the Data in any way that violates applicable laws, including:
   • Sanctions rules, export control laws, or data protection regulations
   • Any use in support of illegal activities

If you are unsure whether a planned use is permitted, contact QuantLens for written clarification.

4. Ownership

All rights, title, and interest in and to:

• The Data (including all updates, corrections, and enhancements)
• The collection, normalization, and labeling methodology
• The documentation and QA materials

are and will remain the exclusive property of QuantLens and/or its licensors.

You do not acquire any intellectual property rights in the Data except for the limited license granted in this document.

5. Updates, Changes, and Coverage

QuantLens may, from time to time:

• Add new records or features
• Correct or remove erroneous data
• Adjust schema, partitions, or field definitions

as part of ongoing maintenance and improvement.

We make commercially reasonable efforts to document schema changes and material coverage changes in the product documentation or release notes. However, we do not guarantee a specific update cadence unless explicitly agreed in a separate written agreement.

For current coverage windows and refresh history, always refer to the product page on https://store.quantlens.net or your marketplace listing.

6. No Investment Advice

Nothing in the Data, documentation, or related materials constitutes:

• Investment advice
• A recommendation to buy, sell, or hold any security or instrument
• A guarantee of performance or outcome

You are solely responsible for any investment or trading decisions, and you should consult your own advisors as appropriate.

Past performance, backtested or simulated results derived from the Data do not guarantee future results.

7. No Warranty; Data As-Is

The Data is provided on an "AS IS" and "AS AVAILABLE" basis.

To the maximum extent permitted by law, QuantLens disclaims all warranties, express or implied, including but not limited to:

• Accuracy, completeness, or timeliness of the Data
• Fitness for a particular purpose
• Non-infringement
• Merchantability

QuantLens uses official and reputable public sources and applies rigorous QA, but errors, gaps, and source changes can and do occur. You are responsible for validating that the Data is suitable for your specific use case.

8. Limitation of Liability

To the maximum extent permitted by law:

1. QuantLens will not be liable for any:
   • Indirect, incidental, special, consequential, exemplary, or punitive damages
   • Loss of profits, revenue, or business
   • Trading losses or opportunity costs
   arising out of or related to your use of the Data.
2. QuantLens' total aggregate liability arising out of or relating to this License, whether in contract, tort, or otherwise, will be limited to the total fees paid by you for the Data in the twelve (12) months preceding the event giving rise to the claim.

Some jurisdictions do not allow certain limitations; in such cases, the limitations apply to the maximum extent allowed.

9. Term and Termination

This License remains in effect for the duration of your valid subscription or one-time license, unless terminated earlier.

QuantLens may terminate the License immediately if:

• You materially breach this License and fail to cure such breach within a reasonable period after notice; or
• You use the Data in a manner that is clearly prohibited under this License.

Upon termination:

• You must cease all use of the Data
• Delete any stored copies of the Data (except as required for regulatory or backup purposes)
• You may continue to use Derived Works created before termination, provided they do not expose or reconstruct the original Data.

10. Governing Law and Dispute Resolution

Unless otherwise agreed in writing, this License will be governed by and construed in accordance with the laws of the Province of Quebec, Canada, without regard to its conflict of laws rules.

Any disputes arising out of or relating to this License shall be subject to the exclusive jurisdiction of the courts located in Montreal, Quebec.

11. Changes to This License

QuantLens may update this License from time to time. For existing customers, material changes will generally apply:

• On renewal, or
• When licensing new products

unless otherwise agreed.

The current version will always be available at: https://store.quantlens.net/terms

12. Contact

Questions about this License? Email support@quantlens.net

© 2025 QuantLens Data Systems. All rights reserved.