Terms and Conditions

Last Updated: April 2nd, 2025

Please read these Terms and Conditions ("Terms", "Terms and Conditions") carefully before using the Paper mobile application (the "App") operated by YMMV LLC ("we", "us", or "our").

Your access to and use of the App is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users, and others who access or use the App.

By accessing or using the App, you agree to be bound by these Terms. If you disagree with any part of the terms, then you may not access the App.

1. SIMULATED TRADING NATURE

Paper is a stock trading simulator that allows users to practice investing with virtual money. All trading activities within the App are simulated and do not involve real money or actual securities transactions. The App uses real-time and/or delayed market data to simulate trading conditions, but all portfolios, trades, gains, and losses are entirely fictional and for educational and entertainment purposes only.

You acknowledge and agree that:

  • Paper is not a registered broker-dealer, investment advisor, or financial institution and does not provide investment advice or recommendations.
  • The App does not facilitate actual securities transactions or investments of real money.
  • Performance results within the App do not reflect actual market results and should not be considered indicative of future performance in actual securities markets.
  • Simulated trading does not involve financial risk, and no simulated trading record can completely account for the impact of financial risk in actual trading.

2. ACCOUNTS

When you create an account with us, you must provide information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms, which may result in immediate termination of your account on our App.

You are responsible for safeguarding the password that you use to access the App and for any activities or actions under your password. You agree not to disclose your password to any third party. You must notify us immediately upon becoming aware of any breach of security or unauthorized use of your account.

You may not use as a username the name of another person or entity that is not lawfully available for use, or a name or trademark that is subject to any rights of another person or entity without appropriate authorization.


3. MARKET DATA

The App provides access to market data, including real-time or delayed quotes, historical price information, and other financial information. This market data is provided by third-party data providers, including Finnhub API and other sources.

You acknowledge and agree that:

  • Market data is provided for informational purposes only and may be delayed, inaccurate, or contain errors or omissions.
  • Neither we nor our data providers guarantee the accuracy, timeliness, completeness, or proper sequencing of the market data.
  • You will not redistribute, publish, or commercially exploit the market data in any way.
  • Market data may only be used within the App for personal, non-commercial purposes.
  • We and our data providers reserve the right to change or limit your access to market data at any time.

4. INTELLECTUAL PROPERTY

The App and its original content, features, and functionality are and will remain the exclusive property of YMMV LLC and its licensors. The App is protected by copyright, trademark, and other laws of both the United States and foreign countries. Our trademarks and trade dress may not be used in connection with any product or service without the prior written consent of YMMV LLC.

The App may contain third-party content, including logos, data, and other materials, which are the property of their respective owners. All rights not expressly granted herein are reserved.


5. PROHIBITED USES

You agree not to use the App:

  • In any way that violates any applicable federal, state, local, or international law or regulation.
  • To impersonate or attempt to impersonate the Company, a Company employee, another user, or any other person or entity.
  • To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the App, or which may harm the Company or users of the App or expose them to liability.
  • To attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the App, the server on which the App is stored, or any server, computer, or database connected to the App.
  • To attack the App via a denial-of-service attack or a distributed denial-of-service attack.
  • To reverse engineer, decompile, disassemble, or attempt to derive the source code of the App.
  • To use automated scripts, bots, or other automated methods to access the App, add or download content, or simulate user interactions.

6. USER-GENERATED CONTENT

Our App may allow you to create custom watchlists, portfolios, and enter other information that is stored within the App ("User Content"). You retain all rights in, and are solely responsible for, the User Content you create within the App.

By creating User Content, you grant us a worldwide, non-exclusive, royalty-free license to use, reproduce, modify, adapt, publish, translate, and distribute your User Content in connection with providing and promoting the App.

You represent and warrant that:

  • You own or have the necessary rights to all User Content you create within the App and the right to grant the license described above.
  • All of your User Content complies with these Terms and Conditions and all applicable laws and regulations.

We reserve the right to access, read, preserve, and disclose any User Content when required to do so by law or in the good faith belief that such action is necessary to enforce these Terms, comply with legal process, respond to claims that any User Content violates the rights of third parties, or protect the rights, property, or personal safety of the Company, its users, or the public.


7. TERMINATION

We may terminate or suspend your account immediately, without prior notice or liability, for any reason whatsoever, including without limitation if you breach the Terms.

Upon termination, your right to use the App will immediately cease. If you wish to terminate your account, you may simply discontinue using the App or delete your account through the App's settings.

All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.


8. IN-APP PURCHASES

The App may offer in-app purchases for virtual currency or other virtual items to be used exclusively within the App. Such purchases are final and non-refundable, except as required by applicable law. Virtual items and currency have no real-world value and cannot be redeemed for cash or any other goods outside of the App.

You acknowledge that:

  • All virtual currency purchases are processed by the App Store or Google Play Store, and are subject to their respective terms of service.
  • We reserve the right to modify, manage, control, or eliminate virtual currency at any time.
  • We are not liable for any loss or damage arising from your in-app purchases.

9. DISCLAIMER

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

WE DO NOT WARRANT THAT THE APP WILL FUNCTION UNINTERRUPTED, SECURE, OR AVAILABLE AT ANY PARTICULAR TIME OR LOCATION, OR THAT THE APP IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM US OR THROUGH THE APP SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS.

THE APP DOES NOT PROVIDE FINANCIAL, INVESTMENT, LEGAL, OR TAX ADVICE. THE SIMULATED TRADING RESULTS AND INFORMATION PROVIDED THROUGH THE APP ARE FOR EDUCATIONAL AND ENTERTAINMENT PURPOSES ONLY AND ARE NOT INTENDED TO REPRESENT ACTUAL TRADING RESULTS. PAST SIMULATED PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND WE MAKE NO REPRESENTATION THAT ANY USER WILL OR IS LIKELY TO ACHIEVE RESULTS SIMILAR TO THOSE SHOWN IN THE APP.


10. LIMITATION OF LIABILITY

IN NO EVENT SHALL YMMV LLC, NOR ITS DIRECTORS, EMPLOYEES, PARTNERS, AGENTS, SUPPLIERS, OR AFFILIATES, BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM (i) YOUR ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THE APP; (ii) ANY CONDUCT OR CONTENT OF ANY THIRD PARTY ON THE APP; (iii) ANY CONTENT OBTAINED FROM THE APP; AND (iv) UNAUTHORIZED ACCESS, USE, OR ALTERATION OF YOUR TRANSMISSIONS OR CONTENT, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, WHETHER OR NOT WE HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.


11. INDEMNIFICATION

You agree to defend, indemnify, and hold harmless YMMV LLC, its parents, subsidiaries, affiliates, officers, directors, employees, and agents, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney's fees) arising from: (i) your use of and access to the App; (ii) your violation of any term of these Terms; (iii) your violation of any third-party right, including without limitation any copyright, property, or privacy right; or (iv) any claim that your User Content caused damage to a third party. This defense and indemnification obligation will survive these Terms and your use of the App.


12. GOVERNING LAW

These Terms shall be governed and construed in accordance with the laws of the United States, without regard to its conflict of law provisions. Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect.


13. CHANGES TO TERMS

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will try to provide at least 30 days' notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.

By continuing to access or use our App after those revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, please stop using the App.


14. CONTACT US

If you have any questions about these Terms, please contact us at:

support@paperbull.app