Legal Notice & Terms of Use
Last Updated: September, 2026
By creating an account, subscribing to, accessing, or using the Kalendoscope software and Pivot Terminal platform (collectively, the «Service»), you agree to be bound by these Terms and Conditions (the «Terms»). If you do not agree to these Terms, do not access or use the Service.
The Service is owned and operated by Kalendoscope («the Operator», «we», «us», or «our»), an independent quantitative research and analytics practice operating under the laws of Japan.
Description of the Service
Kalendoscope provides a quantitative analytical platform and data infrastructure for energy commodity markets and financial derivatives. The Service includes technical indicators, pivot models, calendar spread analytics, historical backtesting, and data visualization tools designed exclusively for research, risk modeling, and professional analysis.
Strict No-Advice Disclaimer
Regulatory Status: Kalendoscope is NOT a financial advisory firm, broker-dealer, registered investment advisor, or commodity trading advisor (CTA).
Informational Scope: All analytical models, indicators, pivot points, historical calculations, and signals displayed are strictly for informational and quantitative analysis purposes.
No Personalized Advice: Kalendoscope does not provide personalized investment advice, trading recommendations, risk management mandates, or corporate hedging execution strategies.
Market Risk: You acknowledge that energy commodity markets, futures, options, and derivatives trading involve substantial risk of financial loss. You assume complete and exclusive responsibility for all trading, risk mitigation, and commercial decisions.
Account Registration and Access
Intellectual Property: All proprietary software, source code, visual interfaces, quantitative algorithms, indicators, and documentation are the exclusive intellectual property of the Operator.
Limited License: You are granted a limited, non-exclusive, revocable, and non-transferable license to access the platform solely for internal business or personal research use.
Usage Restrictions: You shall not:
Reverse engineer, decompile, or disassemble any part of the Service.
Scrape, extract, or redistribute data feeds or indicator outputs systematically.
Create derivative software based on Kalendoscope’s proprietary models without express written authorization.
Subscription Billing, Renewal, and Cancellations
Billing Cycle: Subscriptions are billed in advance on a recurring monthly or annual basis via our authorized payment processor.
Automatic Renewal: Subscriptions automatically renew at the end of each billing cycle unless cancelled prior to the renewal date.
Cancellation Policy: You may cancel your subscription at any time via your account dashboard. Upon cancellation, your access remains active through the end of the current paid billing cycle.
No Refunds: Payments are non-refundable. We do not provide prorated refunds or credits for partial billing periods or unused access time.
Service Availability and "As-Is" Warranty
- Operational Standard: The Service and all underlying data are provided strictly on an «AS IS» and «AS AVAILABLE» basis.
Data Disclaimers: While the Operator applies technical diligence to deliver reliable calculations, we do not warrant that market data feeds, third-party API integrations, or analytical calculations will be error-free, continuous, or uninterrupted.
Limitation of Liability
To the maximum extent permitted by applicable law, in no event shall the Operator, its owner, or authorized affiliates be liable for any direct, indirect, incidental, punitive, or consequential damages (including, but not limited to, trading losses, loss of business profits, or capital impairments) arising out of or related to the use of or inability to use the Service.
In any event, the Operator’s aggregate liability under these Terms shall not exceed the total fees paid by you to Kalendoscope in the three (3) months preceding the incident.
Governing Law and Jurisdiction
These Terms and any dispute or claim arising out of or in connection with them or their subject matter shall be governed by and construed in accordance with the laws of Japan.
The Parties irrevocably agree that the Okayama District Court (Okayama, Japan) shall have exclusive primary jurisdiction to settle any dispute or legal action arising out of or related to these Terms.
Modifications to Terms
The Operator reserves the right to amend these Terms at any time. Notice of substantial revisions will be posted on the website or communicated via email. Continued use of the Service following the publication of revised Terms constitutes formal acceptance thereof.