TIM Terms of Use

(Reports and/or Test Data)

This page (together with our privacy policy referred to herein) explains the terms on which you may access and make use of the following confidential information:

(a) Reports or other materials prepared for you by us related to your use of the TIM platform and which you are authorised to receive. Such reports or other materials are referred to herein as “Reports”; and/or

(b) (i) certain anonymised trade ideas that have been submitted to the TIM platform and made available subject to the permission of the relevant contributing brokers and/or (ii) historical values of the “Sentiment”, a predictive signal of short-to-medium term price changes relating to equities. The data described in (b)(i) and (b)(ii) above, whether used alone or collectively, are referred to herein as “TIM Data”; and/or

(c) certain historical intelligence, analysis, and data related to corporate activity including, but not limited to, mergers, acquisitions, specialty situations, and equity capital markets; collectively referred to herein as “Acuris Data”.

Please read these terms of use carefully before you access Reports, TIM Data, or Acuris Data. By accessing Reports, TIM Data, or Acuris Data you indicate that you accept these terms and that you agree to abide by them. If you do not agree to these terms, please refrain from accessing Reports, TIM Data, or Acuris Data. If you breach these terms, your right to access, download, and use Reports, TIM Data, or Acuris Data will cease immediately and you must, at our option, return or destroy any copies you have made.

1. Information about us

This website is operated by YouDevise Limited, trading as TIM, (we or us). We are registered in England and Wales under company number 03331176 and have our registered office at 10 Queen Street Place, London, EC4R 1BE. Our subsidiaries, YouDevise Hong Kong Limited and YouDevise Inc. also trade under the name TIM.  Reports and TIM Data are provided by TIM.

Acuris Data is provided by our affiliate Mergermarket Limited, a company incorporated in England and Wales with company number 03879547 and whose registered office is at 10 Queen Street Place, London EC4R 1BE, trading as Acuris.

2. Access

Access to Reports, TIM Data, and/or Acuris Data will be provided for thirty days from your initial access. Your user credentials will expire thirty days from your initial access. 

If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time.

You are responsible for making all arrangements necessary for you to have access to our website.  You are also responsible for ensuring that all persons who access Reports, TIM Data, or Acuris Data through your internet connection are aware of these terms, and that they comply with them.

3. Confidentiality

You shall:

(a) Hold all Reports, TIM Data, and Acuris Data in confidence and save as may be required by law or regulation shall not, without our prior written consent, disclose any part of it to any person or entity;   

(b) Not, without our prior written consent, use the Reports, TIM Data, or Acuris Data for any purpose other than as permitted by these terms; and  

(c) Use reasonable endeavours to provide us with prompt notice (to the extent legally permitted) if you become legally compelled by law, rule, regulation, regulator request or order to disclose any of the Reports, TIM Data, or Acuris Data, so that we may seek a protective order or other appropriate remedy. If such order or remedy is not available in time, the obligations of confidentiality herein will be deemed waived by us to the extent necessary for you to comply with such law, rule, regulation, regulator request or order.

These obligations of confidentiality shall survive the expiration or termination of your test period and/or of these terms of use.

4. Reports

Reports are made available to you only for your internal business purposes. Access is permitted on a temporary basis, and we reserve the right to withdraw or amend access without notice. We will not be liable if for any reason Reports are unavailable at any time or for any period. 

You shall not except as may be allowed by any applicable law which is incapable of exclusion by agreement between us:   

(a) access all or any part of the Reports to build a product or service which competes with TIM; 

(b) use the Reports to provide services to third parties;

(c) license, sell, rent, lease, transfer, assign, distribute, display, disclose, or otherwise commercially exploit, or otherwise make the Reports available to any third party; or

(d) attempt to obtain, or assist third parties in obtaining, access to the Reports other than as provided under these terms of use.

5. TIM Data

At no charge, you may access, download, and use the TIM Data only for your internal testing purposes to help you evaluate whether you want to subscribe to one or more of our services.

Access to the TIM Data is permitted on a temporary basis, and we reserve the right to withdraw or amend access without notice. We will not be liable if for any reason the TIM Data is unavailable at any time or for any period. 

We will notify you of the duration of your test period which shall be 30, 60, or 90 days from the date TIM Data is initially made available to you. At the end of the testing period you shall expunge the TIM Data, and all copies thereof, from your computer systems, and shall, upon our request, affirm to TIM in writing that the TIM Data and all copies have been so expunged, provided, however, that you may retain the TIM Data if required for legal or regulatory reasons, and in a manner consistent with your company’s reasonable policies regarding retention of electronic records and reasonable data back-up practices.

Upon expiration or termination of your test period, your rights under these terms of use shall cease immediately and you shall not thereafter use or attempt to use TIM Data in any way.

You shall not:

(a) except as may be allowed by any applicable law which is incapable of exclusion by agreement between us:   

(i) and except to the extent expressly permitted under these terms of use for evaluation purposes, attempt to copy, modify, duplicate, create derivative works from, frame, mirror, republish, download, display, transmit, or distribute all or any portion of the TIM Data in any form or media or by any means; or

(ii) attempt to reverse compile, disassemble, reverse engineer all or any part of the TIM Data;

(b) access all or any part of the TIM Data to build a product or service which competes with TIM; 

(c) use the TIM Data to provide services to third parties;

(d) license, sell, rent, lease, transfer, assign, distribute, display, disclose, or otherwise commercially exploit, or otherwise make the TIM Data available to any third party; or

(e) attempt to obtain, or assist third parties in obtaining, access to the TIM Data other than as provided under these terms of use.

6. Acuris Data

Acuris Data shall be provided only to individual(s) who successfully complete the two-step verification process and such individuals are referred to herein as “Permitted Users”

At no charge, Permitted Users may access, download, and use the Acuris Data only for their internal testing purposes to help them evaluate whether they want to subscribe to one or more of our services.

Access to the Acuris Data is permitted on a temporary basis, and we reserve the right to withdraw or amend access without notice. We will not be liable if for any reason the Acuris Data is unavailable at any time or for any period.    

The duration of the test period for Permitted Users is 30 days from the date Acuris Data is initially made available. At the end of the testing period you shall expunge the Acuris Data, and all copies thereof, from your computer systems, and shall, upon our request, affirm to us in writing that the Acuris Data and all copies have been so expunged, provided, however, that you may retain the Acuris Data if required for legal or regulatory reasons, and in a manner consistent with your company’s reasonable policies regarding retention of electronic records and reasonable data back-up practices.

Upon expiration or termination of the test period, your rights under these terms use shall cease immediately and you shall not thereafter use or attempt to use the Acuris Data in any way.

You shall not:  

(a) except as may be allowed by any applicable law which is incapable of exclusion by agreement between us:  

(i) and except to the extent expressly permitted under these terms of use for evaluation purposes, attempt to copy, modify, duplicate, create derivative works from, frame, mirror, republish, download, display, transmit, or distribute all or any portion of the Acuris Data in any form or media or by any means; or

(ii) attempt to reverse compile, disassemble, reverse engineer all or any part of the Acuris Data;

(b) access all or any part of the Acuris Data to build a product or service which competes with TIM or Acuris; 

(c) use the Acuris Data to provide services to third parties;

(d) license, sell, rent, lease, transfer, assign, distribute, display, disclose, or otherwise commercially exploit, or otherwise make the Acuris Data available to any third party; or

(e) attempt to obtain, or assist third parties in obtaining, access to the Acuris Data other than as provided under these terms of use.

7. Intellectual property rights

We are the owner or the licensee of all intellectual property rights in our website, the Reports, the TIM Data, and the Acuris Data. All such rights are reserved. You must not use any part of the Reports, TIM Data, or Acuris Data for commercial purposes without obtaining a licence to do so from us or our licensors.

TIM is a trade mark of YouDevise Limited.

Acuris is a trade mark of Mergermarket Limited.

8. Reliance on information

Neither Reports, TIM Data, or Acuris Data is intended as tax, investment, or other advice on which reliance should be placed. We therefore disclaim all liability and responsibility arising from any reliance placed thereon by anyone. We make no representations, warranties or guarantees, whether express or implied, that either Reports, TIM Data, or Acuris Data is accurate, complete or up to date.

9. Our liability

Each of Reports, TIM Data, and Acuris Data is provided without any guarantees, conditions or warranties as to its accuracy. We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our website or to your downloading of any of Reports, TIM Data, or Acuris Data.

To the extent permitted by law, we, other members of our group of companies and third parties connected to us hereby expressly exclude:

(a) all conditions, warranties and other terms which might otherwise be implied by statute, common law, or the law of equity;

(b) any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with either Reports, TIM Data, Acuris Data or in connection with the use, inability to use, or results of the use of Reports, TIM Data, or Acuris Data including, without limitation any liability for:

(i) loss of income or revenue;

(ii) loss of business;

(iii) loss of profits or contracts;

(iv) loss of anticipated savings;

(v) loss of data;

(vi) loss of goodwill, wasted management or office time, and for any other loss or damage of any kind, however arising and whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable.

This does not affect our liability for death or personal injury arising from our negligence, nor our liability for fraud, nor any other liability which cannot be excluded or limited under applicable law.

10. Information about you

We process information about you in accordance with our privacy policy.  By accessing Reports, TIM Data, or Acuris Data you consent to such processing and you warrant that all information provided by you is accurate.

11. Viruses, hacking and other offences

You must not misuse our website by introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our website, the server on which our website is stored or any server, computer or database connected to our website. You must not attack our website via a denial-of-service attack or a distributed denial-of service attack.

12. Linking to our website

You may not link to our website.  Our website must not be framed on any other website.

13. Jurisdiction and applicable law

These terms of use and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of England and Wales. Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with these terms of use, the subject matter, or formation.

14. Variations

We may revise these terms of use at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we made, as they are binding on you. Some of the provisions contained in these terms of use may also be superseded by provisions or notices published elsewhere on our website.