Last Updated:
December 2, 2025
Welcome to The Circle, a premium financial education publishing service. These Terms of Service (“Terms”) constitute a legally binding agreement between you (“User,” “Subscriber,” or “you”) and Investors Circle LTD., operating as The Circle (“Company,” “we,” “us,” or “our”), located in Ontario, Canada.
These Terms govern your access to and use of The Circle website, newsletters, proprietary research, the Categorized Profile Weighting System, the Catalyst Calendar, and all related services (collectively, the "Service").
By subscribing to, accessing, or using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms, our Privacy Policy, and our Disclaimer Policy. If you do not agree to these Terms, you must not use the Service.
The Service is intended solely for users who are the age of majority in their jurisdiction of residence (e.g., 18 years of age in Ontario).
The Service provides information intended for sophisticated, self-directed investors who possess the experience, knowledge, and financial capacity to understand and accept the inherently high-risk nature of speculating in the junior resource and energy sectors. The Service is explicitly not intended for beginners. By using the Service, you represent and warrant that you meet these requirements and understand these risks.
We reserve the right, in our sole discretion, to revise and update these Terms from time to time. We will notify users of material changes via email or a prominent notice on our website. Your continued use of the Service following the posting of revised Terms means that you accept and agree to the changes.
We offer different membership tiers, including a free tier ("Open Circle") and a premium paid tier ("Inner Circle"). The features for each tier are described on our website.
We may offer special promotional plans, including "Founding Member" subscriptions with specific terms, such as lifetime price guarantees, provided the membership remains active and in good standing. We reserve the right to restrict new paid subscriptions to specific enrollment windows at our discretion.
DUE TO THE PROPRIETARY NATURE, IMMEDIATE ACCESSIBILITY, AND HIGH VALUE OF OUR RESEARCH AND INTELLECTUAL PROPERTY UPON SUBSCRIPTION, WE ENFORCE A STRICT NO-REFUND POLICY. ALL SALES ARE FINAL.
By subscribing to the Inner Circle, you acknowledge and agree that all payments are final, non-refundable, and non-transferable. We do not provide refunds or credits for any partial subscription periods, accidental purchases, dissatisfaction with the Service, or non-use.
You agree to waive any right to request a chargeback from your payment provider, except in cases of unauthorized transactions proven to be fraudulent. Any attempt to initiate a chargeback in violation of these Terms will be considered a breach of this agreement.
The Service and all its original content, features, and functionality, including but not limited to all newsletters, reports, analyses, data, graphics, the "Categorized Profile Weighting System," the "Catalyst Calendar," and the "Closed Position Ledger" (collectively, the "Content"), are the exclusive intellectual property of the Company and its licensors. The Content is protected by Canadian and international copyright, trademark, trade secret, and other intellectual property laws.
We grant you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Service and the Content strictly for your personal, non-commercial use.
You shall not:
You are solely responsible for maintaining the confidentiality of your login credentials (username and password).
Your account is for your individual use only. You are strictly prohibited from sharing your login credentials or providing access to the Service to any third party. We actively monitor account usage (e.g., IP addresses, concurrent logins) to ensure compliance. If unauthorized sharing is detected, we may immediately suspend or terminate your account without refund.
You agree not to use the Service:
The Service may allow users to post comments ("User Contributions"). You are solely responsible for your User Contributions and agree they will not be defamatory, obscene, abusive, hateful, infringing, or otherwise unlawful. By posting User Contributions, you grant the Company a worldwide, perpetual, irrevocable, royalty-free license to use, reproduce, modify, and display such User Contributions in connection with the Service. We reserve the right to remove any User Contributions for any reason in our sole discretion.
We reserve the right to terminate or suspend your account and access to the Service immediately, without prior notice or liability, and without refund, for any reason whatsoever, including, without limitation, if you breach these Terms (e.g., non-payment, unauthorized sharing of Content or credentials).
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.
YOUR USE OF THE SERVICE AND ITS CONTENT IS AT YOUR OWN RISK. THE SERVICE AND ALL CONTENT ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.
WE HEREBY DISCLAIM ALL WARRANTIES OF ANY KIND, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT THE CONTENT IS ACCURATE, RELIABLE, OR WILL RESULT IN ANY SPECIFIC FINANCIAL OUTCOME. THE SERVICE PROVIDES FINANCIAL EDUCATION AND IS NOT INVESTMENT ADVICE. PLEASE REFER TO OUR FULL DISCLAIMER POLICY.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL THE COMPANY, ITS AFFILIATES, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE SERVICE OR ANY CONTENT.
THIS INCLUDES ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF REVENUE, LOSS OF PROFITS, INVESTMENT LOSSES, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE.
OUR MAXIMUM AGGREGATE LIABILITY TO YOU FOR ANY LOSS OR DAMAGE ARISING OUT OF THESE TERMS OR YOUR USE OF THE SERVICE WILL NOT EXCEED THE TOTAL AMOUNT PAID BY YOU TO THE COMPANY IN THE SIX (6) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
You agree to defend, indemnify, and hold harmless the Company, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms or your use of the Service, including, but not limited to, your investment decisions, your User Contributions, or any use of the Content other than as expressly authorized in these Terms.
These Terms shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without giving effect to any choice or conflict of law provision or rule.Subject to the Mandatory Arbitration clause in Section 14, any legal suit, action, or proceeding arising out of, or related to, these Terms or the Service shall be instituted exclusively in the provincial or federal courts located in the City of Toronto, Ontario. You waive any and all objections to the exercise of jurisdiction over you by such courts and to venue in such courts.
a. Agreement to Arbitrate:Except where prohibited by law, any dispute, claim, or controversy arising out of or relating to these Terms, the Service, or your relationship with the Company (a "Dispute") shall be determined by confidential, binding arbitration in accordance with the Arbitration Act, 1991 (Ontario).
b. Arbitration Procedure:The arbitration will be conducted by a single arbitrator in Toronto, Ontario, and will be administered by a mutually agreed-upon arbitration service or, failing agreement, by the ADR Institute of Canada, Inc., under its Arbitration Rules. The language of the arbitration shall be English.
c. Waiver of Class Action and Jury Trial:YOU AND THE COMPANY AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS-ACTION OR REPRESENTATIVE PROCEEDING.YOU HEREBY KNOWINGLY AND VOLUNTARILY WAIVE ANY RIGHT YOU MAY HAVE TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.
d. Exceptions:Notwithstanding the foregoing, either party may bring a claim in small claims court if it qualifies. Furthermore, the Company retains the right to seek injunctive or other equitable relief in a court of competent jurisdiction (as specified in Section 13) to prevent the actual or threatened infringement, misappropriation, or violation of its copyrights, trademarks, trade secrets, or other intellectual property rights.
If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect.
No waiver by the Company of any term or condition set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of the Company to assert a right or provision under these Terms shall not constitute a waiver of such right or provision.
These Terms, our Privacy Policy, and our Disclaimer Policy constitute the sole and entire agreement between you and Investors Circle Inc. regarding the Service and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, regarding the Service.