Terms and conditions
1. General information
These terms and conditions of the web service ("Terms and Conditions") are applied to Inderes Oyj’s ("Service Provider") inderes.fi research services and the research service offered in Inderes’ mobile app ("Service"). The mobile app refers to Inderes Oyj’s mobile app (“Mobile app”) that can be downloaded from the Apple App Store and Google Play application platforms.
Any natural or legal person ("User") that uses the Service accepts that they are bound by the Terms and Conditions to be able to use the Service. The content of the Service is determined by the service descriptions found on the website of the Service or otherwise presented in connection with ordering the Service. Usage of the Service is forbidden if the User does not agree to the Terms and Conditions or any part of them.
The Service is intended only for informative purposes and is directed solely at Finland. The Services have no guarantee. Any content presented in the Service does not form legally binding advice, instructions or guarantee. The User is responsible for reading and understanding the disclaimer of Inderes’ equity research (https://www.inderes.fi/en/disclaimer) valid at a given time.
The Service Provider has right of ownership, copyright and all other intellectual property rights to the material published in the Service, unless otherwise specified. When quoting material contained in the Service, mandatory legislation permitting, the User is obliged to mention the source as required by good practice. The Service Provider grants the User rights to use the Service and the material contained therein. The Service Provider grants the User the right to view and download materials contained in the Service and print them only for the User's own, personal and non-commercial use. Granting of such user rights is not an indication of a transfer of the right of ownership to the material and any copies. The User is not permitted to edit the material in any way, nor to copy, present publicly or in any other way publish the material or use it for commercial purposes.
Mobile app: The Mobile app, its original content, features, and functionalities are the property of Inderes Oyj and its partners such as Pubfront ApS. All rights, including copyrights, belong to the Service Provider or its contract partners. You may not use the Service in violation of your Service Provider's or third-party or other rights. Our trademark or our other rights may not be used in connection with any other product or service without prior written consent from Inderes.
2. Conclusion of the Contract and registration
The Service may be available to the user without registration or they may require registration. Some of the service sections may require registration and/or a separate order. By using the Service, the User undertakes to comply with the valid Terms and Conditions. When the User registers for the Service, they warrant that they have familiarized themself with these Terms and Conditions, is aware of the Terms and Conditions of the Service and undertake to comply with them.
User IDs and passwords are personal and/or organization-specific and the User is not entitled to hand over or transfer them or the related right to use the Service to another person or organization without advance written consent from the Service Provider.
The Service Provider may refuse to grant user rights to the Service without giving any reason or cancel a granted user right if the User has or is acting contrary to the Terms and Conditions, legislation or good practices.
The User must notify the Service Provider without delay if the User's ID and password become known to a third party. The Service Provider has the right to shut down the User’s access to the Service immediately if the Service Provider has reason to suspect that user IDs and passwords to the Service have fallen in the hands of a third party or have gone missing.
3. Use of the Service
The Service may be used only for purposes in accordance with legislation, other official regulations and good practices. The Service may be used only in accordance with the Terms and Conditions valid at any given time. The Service and its contents may only be used for the User’s own, personal and non-commercial use.
4. Contents of the Service
The Service contains information services related to equity investments, in the form of, e.g. reports, videos, blog posts, interviews and various tools. The Services provided by the Service Provider are not investment service activities and the Service Provider is not an investment services company acting under the Financial Supervision Authority. The content produced by the Service Provider is not investment services.
The current disclaimer of Inderes’ equity research is applied to all content: https://www.inderes.fi/en/disclaimer. The Service User accepts that they have read and understood the contents of the disclaimer.
Inderes produces its research content for the use of private customers. The contents of the reports have been obtained from several public sources that Inderes considers to be reliable. Inderes aims to use reliable and comprehensive information, but Inderes does not guarantee the accuracy of the presented information. The primary source for research reports is information released by the issuer, unless otherwise stated in the report. The tables presented in the research reports are always based on Inderes’ own research database, unless otherwise stated in connection with the table. The historic figures in Inderes’ research database are primarily based on data released by the issuer and the estimates are based on the analyst’s own forecasts.
Inderes and its employees are also not responsible for the financial outcomes of investment decisions made based on the reports or any other direct or indirect damage caused by the use of the information. The information used in producing the reports may change quickly. Inderes makes no commitment to announce any potential changes to the presented information and opinions.
The reports produced by Inderes are intended for informational use only. The reports should not be construed as offers, advice or call to buy, sell or subscribe investment products. Customers should also understand that past performance is not a guarantee of future results. When making investment decisions, customers must base their decisions on their own research and their estimates of the factors that influence the value of the investment and consider their objectives and financial position and use advisors as necessary. Customers are responsible for their investment decisions and their financial outcomes. Reports produced by Inderes may not be edited, copied or made available to others in their entirety, or in part, without Inderes’ written consent. Any part of the report or the whole report shall not in any form be handed over, transferred or distributed to the United States, Canada or Japan or to citizens of said countries. The legislation of other countries may also lay down restrictions pertaining to the distribution of the information contained in this report. Any individuals who may be subject to such restrictions must take said restrictions into account.
5. Functionality, changes and security of the Service
The Service Provider tries to correct any interruptions to the Service within a reasonable period of time. The Service Provider does not, however, guarantee Service accuracy or that the Service is available to the User without interruptions.
The Service Provider has the right to make changes that affect the content, technology and use of the Service. The Service Provider reserves the right to make changes at any time without notifying the User.
The Service Provider has the right to stop producing a chargeable or free Service or parts thereof. The Service Provider notifies the User of shutting down a chargeable Service in advance within a reasonable period of time.
The Service Provider tries to produce the Service with the highest possible level of cyber security. The User shall understand that the Internet is not fully secure.
The User is not allowed to use any devices of programs that can disrupt the functionality of the Service, nor complete any actions that considerably burden the structure of the Service (e.g. mass mailing), or disturb or process the software and functionalities of the Service.
6. Handling of Personal Data
The Service Provider applies currently valid legislation concerning handling of personal data and data security in its activities and handles Users’ data in accordance with the Terms and Conditions, as well as with the privacy statement in accordance with applicable data protection legislation.
7. Service sections that require ordering or registration
Access to sections of the Service that require a paid subscription or registration always require registration and logging in to the Service and, in terms of chargeable sections, a valid subscription. The User makes the Order or Registration in a separate part of the Service and these Terms and Conditions, as well as separate terms, such as permission to market the service to the user, agreed on during the Order or Registration are applied to the Order and/or Registration. The subscription for the chargeable parts of the Service is either a one-time subscription with a fixed term, paid in advance or automatically before the start of the new subscription period, for a recurring payment order to be charged to the payment card. The User can cancel their recurring payment order via their user profile at any time. The user right to the Service is, however, valid until the end of the subscription period.
After a successful order, an order confirmation is sent by e-mail. To send confirmation messages, you must enter a valid email address at the time of your order.
The Service Provider can change the price and the pricing principle of the Service or an individual Service, as well as make a free service chargeable or a chargeable service free. The Service Provider reserves the right to make reasonable price changes. The Service Provider shall not return Order payments if it decides to a make a chargeable Service free during the subscription period.
The Service Provider has the right at any time to deny the User access to the Service temporarily or permanently if the User has breached the Terms and Conditions or other special terms concerning the Service, or otherwise acted contrary to good practices. In this case, the Service Provider shall not return payments already made to the User.
In our paid Service, Stripe Inc. facilitates the payment brokerage service in collaboration with banks and credit institutions. Utilizing this service does not necessitate registration or the payment of extra fees. All data transfers and financial transactions are safeguarded by SSL protection, ensuring that your information remains confidential. Further details on utilizing Stripe Inc.'s service can be found here, for example: https://stripe.com/en-fi/legal/consumer.
8. Limitation of liability
The Service Provider uses as reliable sources and data providers as possible when producing the Service. The Service Provider does not guarantee the accuracy of information presented in reports and research, and is not responsible for incorrect data presented in the reports. The Service Provider and its personnel are not responsible for the financial outcome of investment decisions made based on the reports or for any other possible damage that may be caused by using the information derived from the Service Provider’s reports.
The Service Provider is by no means responsible for direct damages caused by
- Service usage or Service interruption
- Data or information derived from the Service
- Other circumstances related to the Service.
The Service Provider is by no means responsible for the User’s direct to indirect damages (e.g. lost profit).
Inderes uses online traffic trackers in its service to calculate the number of users and collect similar statistical data. These tracking services are usually cookie based (more information under Section 9 (Cookies)) and do not contain any personal data. Inderes wants to openly admit to using trackers because many such tracking services are located outside the EU and their full description is not available. Inderes uses tracking services because according to their documentation, they do not contain activities contrary to GDPR or other applicable personal data legislation.
Inderes’ Service uses the following trackers:
- Google Tag Manager
- New Relic
- MyFonts Counter
11. Service intended only for persons or organizations resident in Finland
The Service Provider does not have a credit institution, investment service company or other license in accordance with Finnish legislation. The Services provided by the Service Provider are not investment service activities and the Service Provider is not an investment services company acting under the Financial Supervision Authority.
The content produced by the Service Provider is not investment services. The Service is intended only for persons and/or organizations resident in Finland. No content found on the pages is intended for persons and/or organizations who reside or whose domicile is in a state, whose legal system requires a license or other approval by an authority for providing the type of Services the Service Provider is providing.
12. Applicable law and dispute settlement
This Agreement shall be governed by Finnish law, with the exception of the conflict rule.
Disputes between the parties arising from the Terms and Conditions or otherwise from the use of this Service are primarily settled through negotiation.