Terms of Service

Last updated: 2026-05-14 · Version: 1.0.0

These Terms of Service ("Terms") are a legal agreement between you and Drillr Inc. ("Drillr," "we," "us") governing your use of the drillr.ai website, API, MCP server, CLI tools, and all related services (collectively, the "Service"). By using the Service, you agree to these Terms. If you do not agree, do not use the Service.

1. Eligibility

You must be at least 18 years old and have authority to bind yourself or any entity you represent to these Terms.

2. Account

  • You must provide accurate and complete registration information
  • You are responsible for all activity under your account, including safeguarding your API keys and MCP tokens
  • Notify legal@drillr.ai immediately of any unauthorized access

3. Service Components (Important: Three-Layer Structure)

The "Service" consists of three components, each governed by different provisions of these Terms:

a) Platform — drillr.ai website, Dashboard, UI Terminal, MCP server, REST API, CLI tools, and related infrastructure. Provided as SaaS, governed by SaaS-related provisions (subscription, SLAs if any, availability).

b) Data License — third-party data that Drillr aggregates and licenses to you (SEC filings, market data, news, alt-data, etc.). Provided under a limited, non-exclusive, non-transferable, non-sublicensable license for your internal use, governed by Section 5 (Data License & Restrictions) and Disclaimer Section 3 (vendor pass-through). Data is licensed, not sold.

c) AI Outputs — research articles, conversational answers, signal summaries, and automated analyses generated by Drillr using large language models and proprietary models. Governed by Section 6 (AI Output Terms) and Disclaimer Section 2.

The Disclaimer is incorporated into these Terms by reference.

4. Permitted Use

You may use the Service for:

  • Personal or institutional internal research, analysis, and decision support
  • Integrating outputs into your own applications, workflows, or internal services, subject to these Terms (especially Sections 5, 6, 7)

5. Data License & Restrictions

License grant: Subject to your compliance with these Terms and payment of applicable fees, Drillr grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the data provided through the Service solely for your internal business purposes.

Data is licensed, not sold. Drillr and its upstream data providers retain all rights, title, and interest in their respective data.

Vendor pass-through restrictions: Your use of the data is also subject to restrictions in Drillr's agreements with upstream data providers, including but not limited to no redistribution, no use to train AI models, no reverse engineering, display requirements, user identification requirements, and territorial restrictions. Drillr will inform you of specific restrictions through these Terms, API documentation, or separate notice. Where terms conflict, the more restrictive shall control.

Specific prohibitions on data use — you shall not:

  • Redistribute, resell, sublicense, or share raw data, aggregated data, or derivatives that can be reverse-engineered into raw data with any third party (including affiliates outside your organization)
  • Use the data to train, fine-tune, or evaluate any machine learning model, unless (i) such model is used only internally and not distributed, and (ii) upstream vendor restrictions do not expressly prohibit such use
  • Reverse engineer, decompile, or replicate Drillr's data architecture, schema, aggregation algorithms, or scoring models
  • Without Drillr's written consent, cache, mirror, or build a derivative database of Drillr data as a substitute for live calls to the Service
  • Use the Service as a passthrough layer for any public-facing data API to circumvent rate limits or vendor restrictions

Data revisions: Upstream providers may withdraw, restate, or correct data. You shall promptly propagate such changes and cease relying on withdrawn or corrected data; you shall delete locally cached copies upon Drillr's reasonable request.

Audit right: Where Drillr has reasonable grounds to suspect breach of this Section, Drillr may, upon reasonable prior notice, audit your data use. Reasonable costs of such audit shall be borne by you if material non-compliance is found.

6. AI Output Terms

Drillr generates research articles, conversational answers, signal summaries, and automated analyses ("AI Outputs") using large language models and proprietary models.

Ownership and license: You retain ownership of the queries and inputs you submit ("Prompts/Inputs") and grant Drillr a non-exclusive, worldwide, royalty-free license as necessary to provide, improve, and operate the Service. Drillr does not claim ownership of AI Outputs themselves; to the extent permitted by applicable law, you may use AI Outputs for your internal business purposes, subject to Section 7 (End-User Distribution Obligations) and Disclaimer Section 2.

Quality limitations: AI Outputs may contain errors, outdated information, reasoning flaws, or hallucinations. You shall not rely on AI Outputs as a sole source of truth for any specific decision.

Model providers: AI Outputs may be generated by Drillr's proprietary models or by third-party model providers (e.g., Anthropic, OpenAI). Your use of AI Outputs is also subject to the usage policies of the relevant provider, which Drillr will communicate through documentation.

7. End-User Distribution Obligations (Important)

If you redistribute Drillr outputs (including but not limited to data, signals, AI-generated text, conversational answers, visualizations) to third-party end users — for example through your own app, bot, automation, research report, client email, social media content, or API passthrough service — you must:

a) Disclose AI involvement: clearly inform your end users that content is AI-assisted and may contain errors, at the beginning of each session or interaction

b) No investment advice: clearly inform your end users that such content is for informational purposes only and not investment advice, and that you are not their investment adviser (unless you are separately licensed and accept that role)

c) Compliance on your end: assume responsibility for compliance with applicable laws in your jurisdiction and your end users' jurisdictions, including but not limited to licensing, registration, disclosure, AML, and data protection

d) Special restrictions on data redistribution — distributing "AI Outputs" and distributing "raw or aggregated data" are subject to different standards under these Terms:

  • Distributing AI Outputs (textual conclusions, research summaries): comply with a) through c)
  • Distributing raw or aggregated data itself (quotes, signal values, SEC data, etc.): must also comply with all prohibitions in Section 5 (Data License & Restrictions); typically requires a separate commercial arrangement (MSA / Order Form / Distribution Addendum) — contact contact@drillr.ai

e) Indemnify Drillr: hold Drillr harmless from third-party claims, regulatory actions, or liabilities arising from your breach of this Section (see Section 13)

Examples:

  • A hedge fund using Drillr outputs internally — no additional disclosure required
  • A fintech app presenting Drillr signals as "AI stock picks" to retail users — must comply with a) through c) and e)
  • A third party connecting Drillr data to its own API to resell to its customers — must comply with a) through c) and e), and must sign a Distribution Addendum; otherwise it constitutes "unauthorized data redistribution" under Section 5

8. Institutional Customer Provisions

If you use the Service on behalf of a regulated financial institution (registered investment adviser, hedge fund, asset manager, broker-dealer, bank, etc.), you additionally represent and undertake:

MNPI / Reg FD responsibility: You shall evaluate and ensure your use of any Drillr data (including but not limited to alt-data, satellite, credit card, web traffic, social aggregation) complies with U.S. securities laws on material non-public information (MNPI), Regulation FD, and similar laws in your jurisdiction. Drillr makes no representation or warranty regarding whether any data constitutes MNPI.

Internal compliance procedures: You represent that your organization has established reasonable internal procedures to evaluate AI-generated outputs and third-party data before use in investment decisions.

Audit cooperation: With reasonable notice and confidentiality protection, you shall cooperate with Drillr in fulfilling audit obligations under upstream vendor agreements.

Audit log: Drillr retains, to a reasonable extent, audit logs of the queries you issue and the outputs returned, and shall make exports available upon written request within a reasonable time (scope and frequency as set forth in any separate commercial agreement).

9. Prohibited Use

You may not:

  • Present the Service's outputs directly as your own or your firm's investment advice or recommendations (unless separately licensed)
  • Use the Service for market manipulation, insider trading, fraud, or any unlawful activity
  • Circumvent, disable, or interfere with security, rate limiting, or access controls
  • Violate Section 5 restrictions on data redistribution, AI model training, or reverse engineering
  • Use the Service to train any AI model or data product that competes directly with Drillr, without written permission
  • Use the Service in violation of any law, or provide the Service to any sanctioned individual or entity

10. Fees and Billing

Where applicable, pricing, subscriptions, and API usage billing follow the Pricing page and any separate commercial agreement between you and Drillr (e.g., MSA / Order Form). Billing is based on Drillr's recorded usage, which shall be authoritative.

11. Intellectual Property

  • All IP in the Drillr platform, brand, UI, model weights, prompt templates, data pipelines, aggregated data, scoring algorithms, and generated schemas belongs to Drillr
  • You retain ownership of content you input into the Service (queries, uploads), and grant Drillr the licenses set forth in Section 6
  • Third-party data IP belongs to the respective vendors; your use is subject to Section 5 and our vendor agreements

12. Limitation of Liability

See Disclaimer Section 7. To the maximum extent permitted by law:

a) General liability cap (Platform / AI Outputs claims): Drillr's total cumulative liability to you for any claim arising out of the Platform or AI Outputs shall not exceed the fees you paid to Drillr in the 12 months preceding the claim, or USD 100, whichever is greater.

b) Special limitation for data-related claims: For any claim arising out of errors, omissions, delays, withdrawals, or acts of upstream vendors with respect to third-party data, Drillr shall have no liability. Such data is provided "AS-IS", and Drillr makes no express or implied representations or warranties regarding it.

c) Excluded damages: Drillr, its affiliates, employees, and data providers shall not be liable for any indirect, incidental, special, punitive, or consequential damages, or for lost profits, lost revenue, loss of goodwill, or loss of data, whether based on contract, tort, strict liability, or any other legal theory, and whether or not Drillr has been advised of the possibility of such damages.

13. Indemnification

You agree to indemnify, defend, and hold harmless Drillr, its affiliates, directors, officers, employees, agents, and data providers from and against any third-party claims, regulatory investigations, administrative penalties, lawsuits, losses, liabilities, judgments, settlements, and reasonable expenses (including reasonable attorneys' and expert fees) arising out of or related to:

  • Your breach of these Terms, especially Section 5 (Data License & Restrictions), Section 7 (End-User Distribution Obligations), and Section 8 (Institutional Customer Provisions)
  • Your breach of any upstream vendor pass-through restrictions (whether or not Drillr separately notified you of such restrictions)
  • Your violation of any applicable law, regulation, regulatory requirement, or third-party right (including IP, privacy, and contractual rights)
  • Your use or redistribution of the Service's outputs (data or AI), or any decisions made based on them
  • Your failure to perform disclosure or other compliance obligations to your own end users

Procedure: Upon receiving a covered claim, Drillr shall: (i) provide you with written notice within a reasonable time; (ii) give you reasonable control over the defense and settlement of the claim, provided that any settlement requiring Drillr to pay money, admit liability, or restrict its business requires Drillr's prior written consent; and (iii) provide reasonable cooperation upon your request and at your expense.

Exception: This Section does not apply to claims arising from Drillr's own gross negligence or willful misconduct.

14. Changes and Termination

  • Drillr may modify, suspend, or terminate any part of the Service at any time, with notice for material changes
  • You may stop using the Service and delete your account at any time
  • Drillr may suspend or terminate your account immediately upon breach
  • Sections 5 (Data Use Restrictions), 11 (IP), 12 (Limitation of Liability), 13 (Indemnification), and 15 (Governing Law) survive termination

15. Governing Law and Dispute Resolution

These Terms are governed by the laws of the State of Delaware, USA, without regard to its conflict-of-laws principles. Any dispute arising out of or relating to these Terms or the Service shall first be resolved through good-faith negotiation. If unresolved within 30 days, the dispute shall be submitted to binding arbitration administered by JAMS (JAMS Inc.) under its Streamlined Arbitration Rules then in effect, seated in Wilmington, Delaware, USA, conducted in English before a single arbitrator. The arbitral award shall be final and binding on the parties.

Notwithstanding the foregoing, either party may seek temporary injunctive or equitable relief from a court of competent jurisdiction in the State of Delaware to protect its intellectual property or confidential information.

16. Miscellaneous

  • Entire Agreement: These Terms (together with the Disclaimer, Privacy Policy, and any commercial agreement) constitute the entire agreement. In the event of conflict with a separately signed MSA / Order Form, the separate agreement shall control
  • Severability: If any provision is held invalid, the rest remains in effect
  • No Waiver: Drillr's failure to exercise a right is not a waiver of it
  • Assignment: You may not assign these Terms without Drillr's written consent; Drillr may assign in connection with change of control, merger, or asset sale
  • Updates: These Terms may be updated; material changes will be communicated via in-product notice or email; continued use constitutes acceptance

17. Contact