Terms of Use

Last Updated: July 10, 2017

By using the Websites, you understand that DealStat™ is currently in beta testing, and agree not to rely on the Service for any reason whatsoever.

These Terms of Use ("Agreement") are a binding agreement between you ("you") and DealStat REI, Inc. ("Company"). This Agreement governs your use of the DealStat™ Application ("Application") and the www.dealstatrei.com, app.dealstat.co, and beta.dealstat.co websites (the “Websites”). The Application is licensed, not sold, to you. The Application and Websites are, collectively, the “Services.”

Company may revise and update these Terms of Use from time to time in its sole discretion. All changes are effective immediately when posted. Your continued use of the Services following the posting of revised Terms of Use means that you accept and agree to the changes. You are expected to check this page frequently so you are aware of any changes, as they are binding on you.

BY DOWNLOADING THE APPLICATION AND/OR USING THE WEBSITES, YOU (A) ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND THIS AGREEMENT; (B) REPRESENT THAT YOU ARE OF LEGAL AGE TO ENTER INTO A BINDING AGREEMENT; AND (C) ACCEPT THIS AGREEMENT AND AGREE THAT YOU ARE LEGALLY BOUND BY ITS TERMS. IF YOU DO NOT AGREE TO THESE TERMS, DO NOT DOWNLOAD THE APPLICATION OR USE THE WEBSITES.

1. Demo Version. The version of the Application you are downloading is for demonstration, testing, and evaluation purposes only, and you are not authorized to use it for any other purpose. Company makes no representations or warranties that the Application is error-free or that it can be relied upon in making investment or valuation decisions. By using this version, you agree that the Company may use your inputs to improve the Application.

2. Newsletter. By signing up for the Services you agree to receive occassional email updates from teh Company. You may unsubscribe to these emails at any time by clicking here.

2. Use of the Services. Use of the Services is at your own risk. Company does not represent or endorse the accuracy or reliability of any calculation or other information provided by or through the Services. Neither Company nor its affiliates, nor any of their respective agents, employees, information providers or content providers shall be liable to you or anyone else for any inaccuracy, error, omission, interruption, deletion, defect, failure of performance, or your use of any calculation generated by or through the Services, regardless of cause, or for any damages resulting there from.

3. Inputting Information. Except as otherwise provided, all data produced by or through the Services is derived from information that you input into the Services. The Services do not verify, recommend, or endorse any information that you input or any information that is put out. The Application uses natural language processing to interpret your questions and the information you provide. In some cases, the natural language processing technology used by the Application may not accurately capture your information, direction, or other inputs. You are responsible for verifying that the Application has accurately incorporated the information you desired to provide. Similarly, data produced through your use of the Websites is dependent on the information you input. Company is not responsible for any errors or inaccuracies resulting from the process of inputting information into the Application or Website.

4. Assumptions. In some cases, the Services may make certain assumptions about the property you are evaluating for purposes of simplification and/or for returning a response using incomplete information. By way of example, if you do not specify the hold period of your prospective investment, the Services may assume a standard period of time as a hold period. Any such assumption is not a recommendation. The Services may alert you if assumptions are being used, but may not always do so, and you should not rely on receiving any alerts from the Services when assumptions are being used. Company is not responsible for any errors or inaccuracies caused by the Services’ use of assumptions or your reliance on such assumptions. To receive a list of assumptions that the Application is using in your calculation, enter “Read Back Assumptions” into the Application.

5. Calculation Methods. Calculations provided by the Services are not in accordance with GAAP or any other recognized or standard accounting or financial metric. You understand that certain financial metrics may vary, based on what method is used in the calculation of such metrics. Company may provide information on how certain metrics are calculated by the Services, but Company is not responsible for your use or interpretation of such calculations.

6. No Advice Provided. Neither the Company nor the Services provides investment advice or real estate valuation services. Prior to the execution of a purchase or sale of any investment, you are advised to consult with your broker or other financial advisor or other professionals as appropriate to verify pricing and other information. Neither Company, its affiliates, information providers or content providers shall have any liability for investment decisions based upon, or the results obtained from, the information provided by or through the Services. Neither Company, its affiliates, information providers or content providers guarantee or warrant the timeliness, accuracy, or completeness of any such information. Nothing contained in the Services and no information derived from the Services is intended to be, nor shall it be construed as, investment advice.

7. Accounts and Security. To access the Services or some of the resources offered, you may be asked to provide certain registration details or other information. It is a condition of your use of the Services that all the information you provide is correct, current and complete. If you choose, or are provided with, a user name, password or any other piece of information as part of Company’s security procedures, you must treat such information as confidential, and you must not disclose it to any other person or entity. You also acknowledge that your account is personal to you and agree not to provide access to any other person.

8. Account Setup. To use the Services, you need to set up an account. You may establish either a trial account (“Trial Account”), free account (“Free Account”) or a paid account (“Paid Account”). When you create an account, Company may collect registration-related information such as name, company name, address, e-mail, phone number, and, if applicable, payment information, and you will create a user name and password. You agree to provide true, accurate, current, and complete information. It is your responsibility to maintain the confidentiality of your password. Company will not be liable if for any reason all or any part of the Services is unavailable at any time or for any period. From time to time, Company may restrict access to some or all of the Services. You are responsible for making all arrangements necessary for you to have access to the Services and ensuring that all persons who access the Services through your internet connection or application are aware of these Terms of Use and comply with them. You agree to notify Company immediately of any unauthorized access to or use of your user name or password or any other breach of security. You also agree to ensure that you exit from your account at the end of each session. You should use particular caution when accessing your account from a public or shared computer so that others are not able to view or record your password or other personal information. Company has the right to disable any user name, password or other identifier at any time, in our sole discretion, for any or no reason, including if, in Company’s opinion, you have violated any provision of these Terms of Use.

9. Saving Data and Sharing Among Users. The Services may allow you to save information you input and information you receive from or through the Services, and may allow you to share this information with other users authorized by you. Any information you authorized to be shared with other users be considered non-confidential and non-proprietary. You understand and acknowledge that you are responsible for any information you save and/or share through the Services, and you, not the Company, have fully responsibility for such information, including its legality, reliability, accuracy and appropriateness. Company is not responsible, or liable to any third party, for the content or accuracy of any information saved or shared by you or any other user of the Services.

10. Subscription Period and Subscription Fees. You agree to pay all applicable fees related to your use of the Services, which are dependent on the type of account you set up. By providing a payment method, you expressly authorize us to charge the applicable fees on said payment method as well as taxes and other charges incurred thereto at regular intervals, all of which depend on your particular account. The subscription period for Paid Accounts can be month-to-month, yearly, or another duration described fully when you sign up for an account. For Free Accounts, the subscription period is month-to-month unless earlier terminated as provided in these Terms. Paid Accounts are subject to fees based upon the account type you've selected. For renewals, Company will automatically charge your credit card the amount of the then-current fee for your type of account. All payments are non-refundable. To the extent that payment mechanisms are provided through third parties, you agree that Company will have no liability to you arising out of the acts or omissions of such third parties.

BY CREATING A PAID ACCOUNT, YOU CONSENT TO ALLOW COMPANY TO CHARGE YOUR CREDIT CARD, EITHER DIRECTLY OR THROUGH ITS PAYMENT PROCESSORS, FOR THE AMOUNTS DUE FOR YOUR INITIAL SUBSCRIPTION PERIOD AND FOR ADDITIONAL SUBSCRIPTION PERIODS UNTIL YOUR ACCOUNT IS CANCELED OR TERMINATED.

11. Renewal and Cancellation. Paid Accounts will automatically renew for the same subscription period unless you cancel the account by the end of the then-current subscription period. You can cancel your account at any time by contacting Company at steve@dealstatrei.com. Cancellation will be effective immediately. Please note that after you cancel your account, you will not be able to use or access the Services and you will not be entitled to a refund of any fees that you've paid.

12. License Grant. Subject to the terms of this Agreement, Company grants you a limited, non-exclusive and nontransferable license to download, install and use the Application for your personal, non-commercial use on a single mobile device owned or otherwise controlled by you ("Mobile Device").

13. License Restrictions. You shall not: (a) copy the Application, except as expressly permitted by this license; (b) modify, translate, adapt or otherwise create derivative works or improvements, whether or not patentable, of the Application; (c) reverse engineer, disassemble, decompile, decode or otherwise attempt to derive or gain access to the source code of the Application or any part thereof; (d) remove, delete, alter or obscure any trademarks or any copyright, trademark, patent or other intellectual property or proprietary rights notices from the Application, including any copy thereof; (e) rent, lease, lend, sell, sublicense, assign, distribute, publish, transfer or otherwise make available the Application or any features or functionality of the Application, to any third party for any reason, including by making the Application available on a network where it is capable of being accessed by more than one device at any time; or (e) remove, disable, circumvent or otherwise create or implement any workaround to any copy protection, rights management or security features in or protecting the Application.

14. Limitations on Use. You agree that you will not use the Services in any manner that: (a) Posts, stores, transmits, offers, or solicits anything that contains the following, or that you know contains links to the following or to locations that in turn contain links to the following: (a) Material that Company determines to be offensive; (b) Material that is defamatory, harassing or threatening; (c) Pornography; (d) Any virus, worm, Trojan horse, or other harmful or disruptive component; (e) Anything that encourages conduct that would be considered dangerous, a criminal offense, give rise to civil liability, violate any law or regulation or is otherwise inappropriate; or (f) Restricts or inhibits use of the Application; (g) Uses any account or password without prior permission; (g) Obtains or solicits another person’s password or other personal information under false pretenses; Impersonates another user or otherwise misrepresents yourself in any manner, whether to another user, to us, or otherwise; (h) Violates the legal rights of others, including defaming, abuse, stalking or threatening users; (i) Infringes (or results in the infringement of) Company’s or any third party’s intellectual property rights, moral rights, or other rights; (j) Is (or you reasonably believe to be illegal, fraudulent, or unauthorized, or in furtherance of any illegal, counterfeiting, fraudulent, pirating, unauthorized, or violent activity, or that involves (or you reasonably believe to involve) any stolen, illegal, counterfeit, fraudulent, pirated, or unauthorized material; (k) Does not comply with all applicable laws, rules, or regulations, including obtaining all necessary permits, licenses, registrations, etc. In the case of any proposed or actual transaction, “applicable” refers to both your own location and to location(s) of all other parties to the transaction; or would cause Company to be in violation of any law, ordinance, rule, regulation or treaty, or to infringe any right of any third party; (l) Publishes falsehoods or misrepresentations that may damage Company or any third party; (m) Manipulates identifiers, forges headers or other data in order to disguise the origin of content transmitted through the Services; (n) Disrupts, interferes or harms the Services, servers or networks; or (o) Imposes an unreasonably or disproportionately large load on Company’s infrastructure.

15. Reservation of Rights. You acknowledge and agree that the Application is provided under license, and not sold, to you. You do not acquire any ownership interest in the Application under this Agreement, or any other rights thereto other than to use the Application in accordance with the license granted, and subject to all terms, conditions and restrictions, under this Agreement. Company and its licensors and service providers reserve and shall retain their entire right, title and interest in and to the Application, including all copyrights, trademarks and other intellectual property rights therein or relating thereto, except as expressly granted to you in this Agreement.

16. Intellectual Property. The Services and the entire contents, features and functionality (including but not limited to all information, software, text, displays, images, video and audio, and the design, selection and arrangement thereof), are owned by the Company, its licensors or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret and other intellectual property or proprietary rights laws. These Terms of Use permit you to use the Services for your personal, non-commercial use only. The Company name, and all related names, logos, product and service names, designs and slogans are trademarks of the Company or its affiliates or licensors. You must not use such marks without the prior written permission of the Company.

17. Collection and Use of Your Information. You acknowledge that when you use the Services, Company may use automatic means (including, for example, cookies and web beacons) to collect information about your device and about your use of the Services. You also may be required to provide certain information about yourself as a condition to downloading, installing or using the Application or Websites or certain of its features or functionality. All information collected through or in connection with the Services is subject to the Privacy Policy available at dealstatrei.com. By using the Services, you consent to all actions taken by Company with respect to your information in compliance with the Privacy Policy.

18. Geographic Restrictions. The Services are based in the state of Delaware in the United States and provided for access and use only by persons located in the United States. You acknowledge that you may not be able to access all or some of the Services outside of the United States and that access thereto may not be legal by certain persons or in certain countries. If you access the Services from outside the United States, you are responsible for compliance with local laws.

19. Updates. Company may from time to time in its sole discretion develop and provide updates, which may include upgrades, bug fixes, patches and other error corrections and/or new features (collectively, including related documentation, "Updates"). Updates may also modify or delete in their entirety certain features and functionality. You agree that Company has no obligation to provide any Updates or to continue to provide or enable any particular features or functionality. Based on your Mobile Device settings, when your Mobile Device is connected to the internet either: (a) the Application will automatically download and install all available Updates; or (b) you may receive notice of or be prompted to download and install available Updates. You shall promptly download and install all Updates and acknowledge and agree that the Application or portions thereof may not properly operate should you fail to do so. You further agree that all Updates will be deemed part of the Application and be subject to all terms and conditions of this Agreement.

20. Term and Termination. (a) The term of Agreement commences when you download the Application or first access the Websites and will continue in effect until terminated by you or Company as set forth in this Agreement. (b) You may terminate this Agreement by canceling your subscription and deleting the Application and all copies thereof from your Mobile Device and by ceasing use of and deleting your account from the Website. (c) Company may terminate this Agreement at any time without notice. In addition, this Agreement will terminate immediately and automatically without any notice if you violate any of the terms and conditions of this Agreement. (d) Upon termination: (i) all rights granted to you under this Agreement will also terminate; and (ii) you must cease all use of the Services and delete all copies of the Application from your Mobile Device and account. (e) Termination will not limit any of Company's rights or remedies at law or in equity.

21. Reliance on Information Generated. The information presented on or through the Services is made available solely for general information purposes. Company does not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. As further set forth below, Company disclaims all liability and responsibility arising from any reliance placed on such materials by you or any other user of the Services, or by anyone who may be informed of any of its contents.

22. Disclaimer of Warranties. THE SERVICES ARE PROVIDED TO YOU "AS IS" AND WITH ALL FAULTS AND DEFECTS WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, COMPANY, ON ITS OWN BEHALF AND ON BEHALF OF ITS AFFILIATES AND THEIR RESPECTIVE LICENSORS AND SERVICE PROVIDERS, EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, WITH RESPECT TO THE APPLICATION, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, AND WARRANTIES THAT MAY ARISE OUT OF COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OR TRADE PRACTICE. WITHOUT LIMITATION TO THE FOREGOING, COMPANY PROVIDES NO WARRANTY OR UNDERTAKING, AND MAKES NO REPRESENTATION OF ANY KIND THAT THE APPLICATION WILL MEET YOUR REQUIREMENTS, ACHIEVE ANY INTENDED RESULTS, PROVIDE ACCURATE RESULTS, BE COMPATIBLE OR WORK WITH ANY OTHER SOFTWARE, APPLICATIONS, SYSTEMS OR SERVICES, OPERATE WITHOUT INTERRUPTION, MEET ANY PERFORMANCE OR RELIABILITY STANDARDS OR BE ERROR FREE OR THAT ANY ERRORS OR DEFECTS CAN OR WILL BE CORRECTED.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF OR LIMITATIONS ON IMPLIED WARRANTIES OR THE LIMITATIONS ON THE APPLICABLE STATUTORY RIGHTS OF A CONSUMER, SO SOME OR ALL OF THE ABOVE EXCLUSIONS AND LIMITATIONS MAY NOT APPLY TO YOU.

23. Limitation of Liability. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL COMPANY OR ITS AFFILIATES, OR ANY OF ITS OR THEIR RESPECTIVE LICENSORS OR SERVICE PROVIDERS, HAVE ANY LIABILITY ARISING FROM OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICES FOR:

(a) PERSONAL INJURY, PROPERTY DAMAGE, LOST PROFITS, COST OF SUBSTITUTE GOODS OR SERVICES, LOSS OF DATA, LOSS OF GOODWILL, BUSINESS INTERRUPTION, COMPUTER FAILURE OR MALFUNCTION OR ANY OTHER CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL OR PUNITIVE DAMAGES

(b) DIRECT DAMAGES IN AMOUNTS THAT IN THE AGGREGATE EXCEED THE AMOUNT ACTUALLY PAID BY YOU FOR USE OF THE SERVICES.

THE FOREGOING LIMITATIONS WILL APPLY WHETHER SUCH DAMAGES ARISE OUT OF BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE OR COMPANY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS OF LIABILITY SO SOME OR ALL OF THE ABOVE LIMITATIONS OF LIABILITY MAY NOT APPLY TO YOU.

24. Indemnification. You agree to indemnify, defend and hold harmless Company and its officers, directors, employees, agents, affiliates, successors and assigns from and against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys' fees, arising from or relating to your use or misuse of the Services or your breach of this Agreement. Furthermore, you agree that Company assumes no responsibility for the content you submit or make available through the Services or the content provided by or through the Services as a result of the content you submit.

25. Export Regulation. The Services may be subject to US export control laws, including the US Export Administration Act and its associated regulations. You shall not, directly or indirectly, export, re-export or release the Services to, or make the Services accessible from, any jurisdiction or country to which export, re-export or release is prohibited by law, rule or regulation. You shall comply with all applicable federal laws, regulations and rules, and complete all required undertakings (including obtaining any necessary export license or other governmental approval), prior to exporting, re-exporting, releasing or otherwise making the Services available outside the US.

26. Severability. If any provision of this Agreement is illegal or unenforceable under applicable law, the remainder of the provision will be amended to achieve as closely as possible the effect of the original term and all other provisions of this Agreement will continue in full force and effect.

27. Governing Law. This Agreement is governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule. Any legal suit, action or proceeding arising out of or related to this Agreement or the Application shall be instituted exclusively in the federal courts of the United States or the courts of the State of Delaware. You waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.

28. Limitation of Time to File Claims. ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE APPLICATION MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED.

29. Binding Arbitration. You and Company agree that, except as provided below, all disputes, controversies and claims related to this Agreement (each a “Claim”), shall be finally and exclusively resolved by binding arbitration, which may be initiated by either party by sending a written notice requesting arbitration to the other party. Any election to arbitrate by one party shall be final and binding on the other. The arbitration will be conducted under the Streamlined Arbitration Rules and Procedures of JAMS that are in effect at the time the arbitration is initiated (the “JAMS Rules”) and under the terms set forth in these Terms. In the event of a conflict between the terms set forth herein and the JAMS Rules, the terms herein will control and prevail. The determination of whether a Claim is subject to arbitration shall be governed by the Federal Arbitration Act. Except as otherwise provided in these Terms, (a) you and Company may litigate in court to compel arbitration, stay proceedings pending arbitration, or confirm, modify, vacate or enter judgment on the award entered by the arbitrator; and (b) the arbitrator’s decision shall be final, binding on all parties and enforceable in any court that has jurisdiction, provided that any award may be challenged if the arbitrator fails to follow applicable law. The arbitration will be conducted in New York, New York.

30. Class Action Waiver. You and Company agree that any arbitration shall be limited to the Claim between Company and you individually. YOU AND COMPANY AGREE THAT (a) THERE IS NO RIGHT OR AUTHORITY FOR ANY DISPUTE TO BE ARBITRATED ON A CLASS-ACTION BASIS OR TO UTILIZE CLASS ACTION PROCEDURES; (b) THERE IS NO RIGHT OR AUTHORITY FOR ANY DISPUTE TO BE BROUGHT IN A PURPORTED REPRESENTATIVE CAPACITY OR AS A PRIVATE ATTORNEY GENERAL; AND (c) NO ARBITRATION SHALL BE JOINED WITH ANY OTHER ARBITRATION.

31. Exceptions to Arbitration. You and Company agree that the following Claims are not subject to the above provisions concerning negotiations and binding arbitration: (a) any Claim seeking to enforce or protect, or concerning the validity of, any of your or Company’s intellectual property rights; (b) any Claim related to, or arising from, allegations of theft, piracy, invasion of privacy or unauthorized use; and (c) any claim for equitable relief. In addition to the foregoing, either party may assert an individual action in small claims court for Claims that are within the scope of such court’s jurisdiction in lieu of arbitration.

32. Entire Agreement. This Agreement and our Privacy Policy constitute the entire agreement between you and Company with respect to the Services and supersede all prior or contemporaneous understandings and agreements, whether written or oral, with respect to the Services.

33. Report Abuse. If you believe any users violate this Agreement, please contact us at steve@dealstatrei.com.

34. Contact. If you need to contact us for any reason, please contact us at steve@dealstatrei.com.

35. Waiver. No failure to exercise, and no delay in exercising, on the part of either party, any right or any power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or power hereunder preclude further exercise of that or any other right hereunder. In the event of a conflict between this Agreement and any applicable purchase or other terms, the terms of this Agreement shall govern.