The Circular Trading System
Terms of Use Agreement

By subscribing to and using the Circular Trading System, you agree to be bound by these Terms of Use.

ACKNOWLEDGMENT AND ACCEPTANCE OF TERMS OF USE

Circular Logic, Inc. (CLI) provides The Circular Trading System service (the Service) via the Web site(s) owned an operated by CLI and accessed via the domain circularlogic.com and/or any assignees or successor URLs (the "Service") under The Circular Trading System Terms of Use Agreement (the "Agreement"), any amendments to the Agreement, and operating rules and policies (collectively, the "Terms of Use"). CLI reserves the right, at its discretion, to change, modify, add or remove all or part of the Terms of Use at any time. CLI will notify you of changes to the Terms of Use by posting an announcement on the Service.

By accepting the Terms of Use, you agree to (a) provide accurate, complete and current information as prompted during the Service Subscription process, and (b) to maintain and update your e-mail address and billing information to keep it accurate, complete and current.

BY COMPLETING THE SUBSCRIPTION PROCESS, YOU ARE AGREEING TO BE BOUND BY ALL TERMS AND CONDITIONS SET FORTH IN THIS CIRCULAR TRADING SYSTEM TERMS OF USE AGREEMENT.

PROPRIETARY RIGHTS TO CONTENT

The content available through the Service is the property of CLI or its licensors and is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Content received through the Service may be displayed, reformatted and printed for your personal, non-commercial use only. You agree not to reproduce, retransmit, re-post, distribute, sell, publish, broadcast, create derivative works from, perform, or in any way commercially exploit any of the content, or infringe upon trademarks or service marks displayed or received through the Service, including but not limited to others in the same company or organization, without CLI's express prior written consent.

FEES AND PAYMENTS

Current fees may be obtained through the Subscriber Subscription Process, or as posted on the site. Your subscription is specific to you and you only, and may not be shared with anyone else. You may not assign or otherwise transfer your rights or obligations to anyone else. You certify that you are 18 years old or older and you agree to be responsible for and pay any charges incurred in connection with your user name and password. Your subscription shall continue until CLI receives notice of termination from you or CLI exercises its rights of termination as described in the Terms of Use. CLI reserves the right to change at any time the subscription fees and billing methods.

DISCLAIMER OF WARRANTIES AND LIABILITY

The Service is provided AS IS and AS AVAILABLE, without warranty of any kind. CLI EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO: (A) ANY WARRANTIES AS TO THE AVAILABILITY, ACCURACY, COMPLETENESS, CURRENTNESS OR RELIABILITY OF THE CONTENT AVAILABLE THROUGH THE SERVICE, OR THE SERVICE ITSELF; (B) ANY WARRANTIES THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE, OR THAT SOFTWARE DEFECTS WILL BE CORRECTED; AND (C) WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

YOU ACKNOWLEDGE AND AGREE THAT ANY MATERIAL AND/OR DATA DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGES TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF SUCH MATERIAL AND/OR DATA. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM CLI OR THROUGH THE SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN. CLI, ITS OFFICERS, DIRECTORS, OWNERS, AGENTS AND EMPLOYEES, SHALL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS OR INJURY RESULTING FROM USE OF THE SERVICE, CAUSED IN WHOLE OR IN PART BY ITS NEGLIGENCE OR CONTINGENCIES BEYOND ITS CONTROL IN PROCURING, COMPILING, INTERPRETING, REPORTING OR DELIVERING THE SERVICE AND ANY CONTENT THROUGH THE SERVICE. IN NO EVENT WILL CLI, ITS OFFICERS, DIRECTORS, OWNERS, AGENTS AND EMPLOYEES, BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE ON SUCH CONTENT. CLI, ITS OFFICERS, DIRECTORS, OWNERS, AGENTS AND EMPLOYEES, SHALL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT, OR SIMILAR DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, RESULTING FROM THE USE OR THE INABILITY TO USE THE SERVICE. YOU AGREE THAT THE LIABILITY OF CLI, IF ANY, ARISING OUT OF ANY KIND OF LEGAL CLAIM (WHETHER IN CONTRACT, TORT OR OTHERWISE) IN ANY WAY CONNECTED WITH THE SERVICE OR THE CONTENT IN THE SERVICE SHALL NOT EXCEED THE AMOUNT YOU PAID CLI FOR THE USE OF THE SERVICE.

INDEMNIFICATION

You agree to indemnify and hold CLI, its officers, directors, owners, agents and employees, harmless from any claim or demand, including reasonable attorneys fees, made by any third party due to or arising out of your use of the Service, the violation of these Terms of Use by you, or the infringement by you, or other user of the Service using your computer, of any intellectual property or other right of any person or entity.

TERMINATION

You agree that CLI may, in its sole discretion, terminate or suspend your access to all or part of the Service for any reason, including, without limitation, breach of the Terms of Use or any subsequent modifications, or attempted assignment of your account. Any suspected fraudulent, abusive or illegal activity may be grounds for termination of your subscription account and may be referred to appropriate law enforcement authorities. CLI shall not be liable to you or any third party for the termination of Service or any claims related to the termination of Service.

Should you object to any terms and conditions of these Terms of Use or any subsequent changes to the terms and conditions or become dissatisfied with the Service in any way, your only recourse is to immediately discontinue use of the Service and notify CLI of termination by sending an e-mail to: cancel@circularlogic.com. A confirmation will then be sent to you by email. Continued use of the Service is an acceptance of the Terms of Use and all or any subsequent changes.

If you terminate your subscription account within 30 days of your subscription, you will be entitled to a pro-rated refund. If CLI terminates your subscription account for a violation of the Terms of Use, including but not limited to during the first 30 days of your subscription, you will not be entitled to any refund.

LAWS
The Terms of Use are governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania and the intellectual property laws of the United States, and you agree to submit to the personal jurisdiction of the courts of the Commonwealth of Pennsylvania for any cause or action arising out of or relating to the Service or the Terms of Use.

You agree that any cause of action arising out of or related to the Service must commence within one (1) year after the cause of action arose; otherwise, such cause of action is permanently barred.

Standard Disclaimer:

Past performance does not guarantee future results.

We do not promote any stocks, options, or commodities of any kind on this site.

The Circular Trading System generates mechanical trading system signals, and is not investment advice nor should it be construed as such. The performance results published on this web site are generated by computerized backtesting of the CTS trading signals, and are therefore hypothetical in nature and do not represent trading in actual accounts.

We do not and have not received any compensation from any company whose stock appears on this site, in our discussion forums, or in our newsletters.

There is substantial risk of loss trading stocks, options, and futures. You need to determine your own suitability to trade stocks, options, and/or futures.

There may be tax consequences for short term profits or losses on trades. Please consult your tax advisor for details on this if applicable.

The risk of loss trading commodities or futures can be substantial. Commodity trading has large potential risks, in addition to any potential rewards. You must be aware of the risks and be willing to accept them in order to invest in the futures or commodities markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy or sell commodity interests. The use or placement of any stop-loss or stop-limit orders may not limit your losses and you could lose more than your intended amount of money at risk. Past performance of any trading system or methodology is not indicative of future results.

CFTC/SEC Disclaimer:

"HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS."



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