Ledger

Ledger — Terms of Service

DRAFT — NOT LEGAL ADVICE. This document was drafted by the Ledger engineering team, not by a qualified lawyer. It must be reviewed by a UK-qualified solicitor before Ledger is offered to the public. Neither the author nor COTR Global Group Ltd guarantee its legal sufficiency in its current form.

Effective date: to be finalised at launch Last updated: 2026-07-28

1. Who these terms are with

These Terms of Service ("Terms") form a legally binding contract between you and COTR Global Group Ltd ("Ledger", "we", "us", "our"), a company registered in the United Kingdom.

Governing law: the laws of England and Wales. Jurisdiction: the courts of England and Wales have exclusive jurisdiction over any dispute arising out of or in connection with these Terms (subject to §12 for consumers).

Contact: legal@goldrush.capital

REVIEW POINT (launch-blocker): the legal@goldrush.capital alias must be configured and receiving mail before these Terms are published, otherwise legal notice requirements cannot be met.

2. Definitions

  • "Service" — the Ledger web application at goldrush.capital and the report-generation pipeline behind it.
  • "Report" — the Markdown document produced by the Service in response to a Research Question you submit.
  • "Research Question" — the free-text market question you submit as the input to a Report.
  • "Run" — a single execution of the Service in response to one Research Question, corresponding to one paid transaction.
  • "Account" — your Ledger user account, identified by your email address.

3. Eligibility and account creation

You must be at least 18 years old and legally able to enter into a binding contract under the law of England and Wales to use the Service. By creating an Account you confirm this.

Ledger uses passwordless magic-link authentication. You are responsible for keeping access to your email account secure — anyone who can read your email can sign in as you. Notify us at legal@goldrush.capital immediately if you believe your Account has been accessed by someone else.

One Account per person. You may not create Accounts on behalf of other people without their consent.

4. What the Service does

The Service takes your Research Question and produces a Report that:

  • Enumerates up to five hypotheses the Service considers worth checking against your question,
  • Collects evidence from public web sources for each hypothesis,
  • Classifies each piece of evidence by category,
  • Extracts economics facts that a source stated verbatim,
  • Assigns each hypothesis a deterministic verdict (strong signal, mixed, or insufficient evidence), and
  • Composes a narrative report that surfaces every hypothesis — including weak ones — and every piece of evidence with its source.

The Service is a research aid, not a source of advice. See the AI Disclosure for the limits of what a Report can and cannot tell you.

5. Payment

  • Price: GBP equivalent of the amount displayed at Checkout at the time of your order (currently listed in USD via Stripe; final amount in your currency is shown before you pay).
  • When you pay: at Checkout, via Stripe. Payment authorises us to begin generating your Report immediately.
  • What you get: one Report for the Research Question you submitted. Reports are non-transferable.

We may change our prices from time to time. Any change applies only to Runs ordered after the change; already-paid Runs are not affected.

6. Cancellation right and consent to immediate performance

Under the UK Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013, you would ordinarily have 14 days from purchase to cancel a distance contract for digital services and receive a full refund.

Because we begin generating your Report immediately after payment, we ask you at Checkout to expressly consent to the service beginning during that 14-day period and to acknowledge that you thereby lose the right to cancel. By ticking the consent box at Checkout, you agree that:

  1. You want the Service to begin immediately, and
  2. You accept that you will lose your statutory 14-day cancellation right once we begin generating your Report.

If you do NOT tick this box, we cannot start generating your Report and your payment will be refunded.

REVIEW POINT (task #6 UI requirement): the Checkout page MUST render this consent as an un-pre-ticked checkbox and MUST prevent submission until it is ticked. The consent choice and its timestamp must be recorded against the Stripe Checkout Session for audit purposes.

Nothing in this clause affects your other statutory rights, including rights under the Consumer Rights Act 2015 for digital content that is faulty, not as described, or not fit for purpose. See §8 for our service commitments and §10 for how we handle service failures.

7. Refunds

  • Automatic refunds: none. We do not automatically refund a Report that has been generated, even if you are unhappy with its contents, because generating it consumed real third-party service costs on your behalf.
  • Failed runs: if our pipeline fails and cannot deliver your Report after three attempts, we will contact you personally within 24 hours and either re-run your Report at no additional charge or refund you in full, at our sole discretion.
  • Discretionary refunds: we may refund you in other circumstances case-by-case (e.g., duplicate charges, obvious pipeline malfunction producing an unusable Report). We are not obligated to.

Refund requests should be sent to legal@goldrush.capital with your Run ID and a brief explanation.

8. What we promise and don't promise

We will use reasonable skill and care to generate your Report per the Service description in §4. In particular, we commit that:

  • Every hypothesis considered will appear in your Report.
  • Every piece of evidence used will be cited with its source URL.
  • Verdicts are computed deterministically from the evidence collected.

We do NOT warrant that:

  • Any Report is accurate, complete, or free from errors of fact or judgement (see the AI Disclosure — LLMs can hallucinate);
  • Any Report constitutes investment advice, legal advice, business advice, tax advice, medical advice, or professional advice of any kind;
  • Any Report identifies every relevant hypothesis or every relevant piece of evidence for your question;
  • The Service will be uninterrupted, error-free, or available at any particular time.

To the extent permitted by law, all other warranties, whether express or implied by statute or otherwise, are excluded. Your statutory rights as a consumer under the Consumer Rights Act 2015 are not affected.

9. Acceptable use

You agree not to use the Service to:

  • Submit Research Questions containing personal data about identifiable third parties without their consent;
  • Attempt to derive, reverse-engineer, or expose the prompts, models, or system components underlying the Service;
  • Submit questions designed to elicit unlawful content (e.g., content facilitating illegal activity, hate speech, or exploitation);
  • Automate access to the Service beyond a single logged-in user submitting Runs at human speed;
  • Resell Reports as your own work or use Reports in a way that violates Anthropic's or Tavily's usage policies (which apply transitively to content those services generated).

We may suspend or terminate your Account for breach of this section without refund.

10. Intellectual property

  • Your Research Question: you retain ownership of the question you submit. You grant us a limited licence to process it for the sole purpose of generating your Report and complying with our obligations.
  • Your Report: you own the Report generated for your Run, subject to the licence rights of the underlying LLM (Anthropic) and search (Tavily) providers governing their generated content and citations. You may use the Report for your personal or internal business purposes.
  • Our software: the Ledger pipeline, application, prompts, and ancillary tooling remain our property or that of our licensors. Nothing in these Terms transfers ownership of any of that to you.
  • Third-party content: Reports may quote or link to third-party web pages. We do not own that content, do not endorse it, and are not responsible for its accuracy or continued availability.

11. Limitation of liability

Nothing in these Terms limits our liability for:

  • Death or personal injury caused by our negligence;
  • Fraud or fraudulent misrepresentation;
  • Any other liability that cannot be excluded or limited by law (including under the Consumer Rights Act 2015).

Subject to the above, and to the maximum extent permitted by law:

  • We are not liable for any indirect, consequential, or purely economic loss (including lost profits, lost business, or lost opportunities) arising out of your use of the Service or reliance on any Report.
  • Our total aggregate liability to you for all claims arising in connection with your use of the Service is capped at the greater of: (a) the amount you have paid us in the 12 months preceding the claim, or (b) GBP 100.

You acknowledge that Reports are AI-generated research summaries and that you are solely responsible for any decision you take on the basis of one.

12. Consumer rights and jurisdiction

If you are a consumer (using the Service for purposes outside your trade, business, craft, or profession):

  • The mandatory rights afforded to you by UK consumer law (particularly the Consumer Rights Act 2015 and the Consumer Contracts Regulations 2013) apply and are not affected by these Terms.
  • You may bring proceedings in the courts of the part of the United Kingdom in which you live. You may also bring proceedings in the courts of England and Wales.

If you are not a consumer, disputes are subject to the exclusive jurisdiction of the courts of England and Wales.

13. Termination

You can close your Account at any time by emailing legal@goldrush.capital. Account closure has the data consequences described in the Privacy Policy §6.

We can suspend or terminate your Account, with or without notice, if we reasonably believe you have breached these Terms, if your Account poses a security or fraud risk, or if required by law. We will refund any unfulfilled Runs on termination unless the termination is due to your breach of §9 (Acceptable Use).

14. Changes to these terms

We may update these Terms. Material changes will be announced by email to registered users at least 14 days before they take effect. Continued use of the Service after the effective date constitutes acceptance of the new Terms. If you don't accept them, close your Account (§13) — any unused prepaid Runs at the time of closure will be refunded.

15. Miscellaneous

  • Entire agreement: these Terms, together with the Privacy Policy and the AI Disclosure, are the entire agreement between you and us regarding the Service.
  • Severability: if any part of these Terms is held invalid or unenforceable, the remainder continues in effect.
  • No waiver: our failure to enforce any provision does not waive our right to enforce it later.
  • Assignment: you may not assign these Terms without our written consent. We may assign them (e.g., in a corporate reorganisation) on notice to you.
  • Third-party rights: the Contracts (Rights of Third Parties) Act 1999 does not apply to these Terms.
  • Force majeure: we are not liable for delay or failure caused by events beyond our reasonable control (including outages of Anthropic, Tavily, Supabase, Vercel, Railway, Stripe, or Resend).

16. Contact

COTR Global Group Ltd Registered address to be added Companies House registration: to be added

Email: legal@goldrush.capital

REVIEW POINT: the registered UK company address and Companies House registration number must be inserted above before publication.