Terms of Service

Last updated: May 26, 2026

1. Agreement

These Terms of Service (“Terms”) govern your use of Footnote (“Service”), operated by Mitchell Magid (“we,” “us,” or “our”). By accessing or using the Service, you agree to be bound by these Terms. If you do not agree, do not use the Service.

2. Description of Service

Footnote is a software tool that retrieves publicly available SEC filings, compares consecutive filings for language changes, and delivers alerts to subscribers. The Service is provided for informational purposes only.

3. Not Financial Advice

Nothing on Footnote constitutes financial, investment, legal, or tax advice. The Service surfaces changes in public SEC disclosures. It does not recommend buying or selling any security. You are solely responsible for any investment decisions you make. Past signal performance documented in academic research does not guarantee future results.

4. Subscriptions and Billing

Footnote Pro is billed monthly at the rate displayed at checkout. Your subscription renews automatically each billing period unless cancelled.

Cancellation: You may cancel at any time through your account settings. Cancellation takes effect at the end of your current billing period. You retain access to Pro features until that date.

Refunds: All payments are non-refundable. We do not issue partial refunds for unused portions of a billing period.

5. Acceptable Use

You agree not to:

  • Use the Service for any unlawful purpose
  • Attempt to reverse-engineer, scrape, or systematically extract data from the Service
  • Share account credentials with others
  • Use the Service in any way that could damage, disable, or impair it

6. Intellectual Property

The Footnote application code and user interface are owned by Mitchell Magid. SEC filings retrieved through the Service are public domain documents published by the U.S. Securities and Exchange Commission. You may not copy or distribute the application code or interface design without permission.

7. Disclaimers and Limitation of Liability

The Service is provided “as is” without warranties of any kind. We do not warrant that the Service will be uninterrupted, error-free, or that filing data will be complete or accurate.

To the maximum extent permitted by law, Mitchell Magid shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of the Service, including but not limited to investment losses.

8. Changes to Terms

We may update these Terms at any time. Continued use of the Service after changes constitutes acceptance of the updated Terms. Material changes will be communicated by email.

9. Governing Law

These Terms are governed by the laws of the State of Illinois, United States, without regard to conflict of law principles.

10. Contact

Questions about these Terms: mitchell.magid@gmail.com