Terms of Service

DRAFT — PENDING LEGAL REVIEW

This document is a template and has not been reviewed by legal counsel. It is provided for illustrative purposes only and should not be relied upon as a legally binding agreement until reviewed and approved by qualified legal professionals.

Last updated: [DATE]

1. Agreement to Terms

By accessing or using the Pitonset software and services ("Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you may not access or use the Services.

2. Description of Services

Pitonset provides software tools that allow users to create, backtest, and execute automated trading strategies for US equities through connected brokerage accounts.

Important: Pitonset is a software company. We are NOT:

  • A broker-dealer
  • An investment adviser
  • Registered with the SEC, FINRA, or any state securities authority

We do not provide investment advice, recommendations, or portfolio management services.

3. Brokerage Services

Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), a registered broker-dealer and member of FINRA and SIPC. Your relationship with Alpaca is governed by Alpaca's terms and conditions, not by these Terms.

When you connect your Alpaca account to our Services:

  • You authorize us to execute trades on your behalf according to the strategies you create
  • We access your account via secure OAuth authentication
  • We never store your Alpaca login credentials
  • You can revoke our access at any time through your Alpaca account settings

4. Risk Disclosure

Trading involves substantial risk of loss. By using our Services, you acknowledge that:

  • You may lose some or all of your invested capital
  • Automated trading systems can malfunction or execute unexpected trades
  • Past performance, including backtested results, does not guarantee future results
  • Backtested results are hypothetical and have inherent limitations
  • Market conditions can change rapidly and unpredictably
  • Technical issues, network outages, or delays may affect trade execution

You should only invest money you can afford to lose. If you do not understand these risks, you should not use our Services.

5. Eligibility

To use our Services, you must:

  • Be at least 18 years old
  • Be a legal resident of the United States
  • Have a valid brokerage account with Alpaca
  • Not be prohibited from trading securities under applicable law

6. User Responsibilities

You are solely responsible for:

  • The trading strategies you create and execute
  • Understanding the risks of your trading activities
  • Ensuring your strategies comply with applicable regulations
  • Monitoring your account and positions
  • Maintaining the security of your account credentials
  • All taxes arising from your trading activities

7. Prohibited Uses

You agree not to:

  • Use the Services for any illegal purpose
  • Attempt to manipulate markets or engage in fraudulent trading
  • Circumvent any rate limits or security measures
  • Reverse engineer, decompile, or attempt to derive source code
  • Resell, sublicense, or redistribute the Services
  • Use the Services on behalf of others without authorization

8. Intellectual Property

The Services, including all software, content, and trademarks, are owned by Pitonset and protected by intellectual property laws. You are granted a limited, non-exclusive, non-transferable license to use the Services for personal, non-commercial purposes in accordance with these Terms.

9. Disclaimer of Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

WE DO NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE. WE DO NOT WARRANT THAT ANY TRADING STRATEGY WILL BE PROFITABLE OR THAT ANY BACKTESTED RESULTS WILL BE REPLICATED IN LIVE TRADING.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IFTHEN AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR GOODWILL, ARISING OUT OF OR RELATED TO YOUR USE OF THE SERVICES.

OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

11. Indemnification

You agree to indemnify and hold harmless Pitonset and its officers, directors, employees, and agents from any claims, damages, losses, or expenses arising out of your use of the Services, your violation of these Terms, or your violation of any rights of another party.

12. Modifications

We reserve the right to modify these Terms at any time. We will notify you of material changes by posting the updated Terms on our website or through the Services. Your continued use of the Services after such changes constitutes acceptance of the modified Terms.

13. Termination

We may suspend or terminate your access to the Services at any time, with or without cause, with or without notice. Upon termination, your right to use the Services will immediately cease.

14. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions.

15. Dispute Resolution

Any disputes arising from these Terms or your use of the Services shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. You waive any right to participate in class action lawsuits or class-wide arbitration.

16. Severability

If any provision of these Terms is found to be unenforceable, the remaining provisions will continue in full force and effect.

17. Contact

For questions about these Terms, please contact us at:

Email: hello@pitonset.com

This is a DRAFT document. Do not rely on it as a legally binding agreement.