Terms of Use
(Effective: April 23, 2011)
The TopstepTrader.com website and any derivative website on which these Terms of Use are posted are owned and operated by Patak Trading Partners, LLC an Illinois limited liability company (“Company”). Company has adopted these Terms of Use (“Terms of Use” or “Agreement”) to make you aware of the terms and conditions of your use of the http://www.TopstepTrader.com website, any derivative websites on which these Terms of Use are posted and any Content or other services that are offered or provided via the aforementioned websites (collectively, the “Website”). In the event that you purport to be the agent of, represent, or otherwise act on behalf of an entity or any other person, references to “you,” “your” or “User” shall include such entity or person in addition to you, and your acceptance of this Agreement shall constitute acceptance on behalf of such entity or person.
Company reserves the right, at its discretion, to change, modify, add or remove portions of these Terms of Use at any time by posting such changes to this page. In addition, if you have previously registered an account, Company will endeavor to notify you of such changes via the email address you provided to Company. You understand that you have the affirmative obligation to check these Terms of Use periodically for changes, and you hereby agree to periodically review these Terms of Use for such changes. The continued use of the Website following the posting of changes to these Terms of Use will constitute your acceptance of those changes. The most current version of these Terms of Use can be reviewed at http://www.topsteptrader.com/TermsCondition.
By using OR OTHERWISE ACCESSING the Website, creating, registering or accessing an account, posting or downloading Content, WIDgets or any other information to or from the Website, purchasing any SUBSCRIPTIONS OR services via the Website or manifesting your assent to these Terms of Use in any other manner, you hereby UNEQUIVOCALLY AND expressly agree to, and shall be subject to, these Terms of Use. If you do not UNEQUIVOCALLY agree to these Terms of Use, you may not use OR OTHERWISE ACCESS the Website, create, register or access an account, post or download Content, Widgets or any other information to or from the Website or purchase any SUBSCRIPTIONS OR services via the Website.
General Terms of Use and Restrictions on Use
Company hereby grants you a limited, nonexclusive, nonassignable, nontransferable license to access and use the Website solely for your own personal, non-commercial purposes, subject to your agreement to, compliance with and satisfaction of these Terms of Use. In the event that you subscribe to certain services or Content provided by Company via the Website on a subscription basis (the “Subscription Content”), upon payment of any applicable fees or other charges associated with such subscription, Company grants you a limited, non-exclusive, nonassignable, nontransferable license to access and use such Subscription Content for the term of the subscription solely for the noncommercial, personal use of User subject to your agreement to, compliance with and satisfaction of these Terms of Use. All rights not otherwise expressly granted by these Terms of Use are reserved by Company. If you do not comply with the Terms of Use at any time, Company reserves the right to revoke the aforementioned license(s), limit your access to the Website or restrict your ability to post or download Content, Widgets or order products and services. You agree not to reproduce, duplicate, copy, distribute, transmit, sell, trade, resell or exploit for any purpose any portion of or any information from the Website. You may not obscure or remove any proprietary rights notices contained in or on the Content. You are solely responsible for providing, maintaining and ensuring the compatibility of all hardware, software, electrical and other physical requirements necessary for your access to and use of the Website or any part thereof.
Company may discontinue or alter any aspect of the Website, remove Content from the Website, disable functionality, remove or alter Widgets, restrict the time the Website is available or restrict the amount of use permitted at Company’s sole discretion and without prior notice or liability. You agree that Company may, under certain circumstances, immediately suspend and/or terminate your access to the Website or any part thereof. Cause for such measures shall include, without limitation: (a) breaches or violations of these Terms of Use or other incorporated agreements or guidelines; (b) discontinuance or material modification to the Website; (c) unexpected technical or security issues or problems; (d) extended periods of inactivity; and/or (e) engagement by you in fraudulent or illegal activities. You further agree that such measures shall be taken in Company’s sole discretion and without liability to you or any third party.
For purposes of these Terms of Use, references to “post” or “posting” shall refer to any manner of posting, transmitting, uploading, providing, making available or otherwise transferring material or information.
Company Intellectual Property
Unless otherwise specifically noted in these Terms of Use, images, trademarks, service marks, logos and icons displayed on the Website, including, without limitation, TopstepTrader™ and TopstepTrader.com™, are the property of Company and/or its licensors and may not be used without Company’s prior written consent. Trademarks owned by third parties are the property of those respective third parties. The Website, including, without limitation, the Subscription Content, is the copyrighted property of Company, and it may not be reproduced, recreated, modified, accessed or used in any manner or disseminated or distributed to any other party in violation of these Terms of Use. Any unauthorized use of any Content or Widgets, whether owned by Company or other parties, may violate copyright laws, trademark laws, privacy and publicity laws and communications regulations and statutes. You will not copy, reverse engineer, disassemble, decompile, translate, modify, reproduce, republish, transmit, sell, offer for sale, disseminate or redistribute the intellectual property found in the Website or any part thereof or grant any other person or entity the right or access to do so.
Accounts
To receive access to certain aspects of the Website, you may be asked to register an account. In the event you agree to register an account, you will select and/or receive a username and password upon providing registration information and successfully completing the registration process. This account is personal to you, and you will not share it or allow any other person to utilize your account. You are responsible for maintaining the confidentiality of your username and password and are fully responsible for all activities that occur under your username and password. You agree to immediately notify Company in the event (a) your registration information changes, or (b) you learn of or have reason to suspect any unauthorized use of your account or any other breach of security. You also agree that you will provide truthful and accurate information during the registration process. Company may refuse to grant a particular username to you for any reason, including, without limitation, in the event Company determines that such username impersonates someone else, is protected by trademark or other proprietary rights law or is vulgar or otherwise offensive.
Content
You acknowledge that the Website may contain or provide access to information, software, photos, video, text, graphics, music, sounds or other material provided by Company or third parties (collectively, “Content”) that are protected by copyrights, patents, trademarks, trade secrets or other intellectual property laws, and that these rights are valid and protected in all forms, media and technologies existing now or hereafter developed. For the avoidance of doubt, references to Content shall include User Content and Subscription Content.
The Content posted by users via the Website other than Feedback (defined below) (“User Content”) is the intellectual property of the specific users of the Website who post such User Content and their licensors, if any. Company does not claim any ownership rights in such User Content. By posting User Content via the Website, however, you hereby grant to Company a limited, transferable, nonexclusive, worldwide, perpetual, royalty-free and fully-paid license to use, reproduce, modify, edit, adapt, publish, translate, display, distribute, sell, sublicense and create derivative works and compilations incorporating such User Content.
Company does not generally monitor or otherwise remove User Content after it is posted on the Website except under certain limited circumstances as required or permitted by law or otherwise in the sole discretion of Company. In the event you would like to request that Company remove your User Content from the Website, please contact Company at [email address to receive such requests]. Please note however, that if Company agrees, in its sole discretion to remove your User Content, such User Content may not be completely removed or may otherwise still be available to others in the following circumstances: (a) your User Content has been incorporated into derivative works or compilations created by Company or other parties; (b) such User Content has been retained in Company’s data backup systems or for archival purposes; or (c) to the extent such User Content has been sold to or downloaded by other persons and such persons retain your User Content.
Feedback
Company welcomes your comments, feedback, information, or materials regarding the Website, Content or Company’s services (collectively, “Feedback”). If you submit Feedback to Company, please note that your Feedback shall become the property of Company. By submitting your Feedback to Company, you agree to assign, and hereby irrevocably assign to Company, all right, title, and interest in and to the Feedback and all copyrights and other intellectual property rights embodied in such Feedback on a worldwide basis. Company shall be free to use your Feedback on an unrestricted basis. You hereby assign and/or waive, as the case may be, any moral rights that you may have in or to the Feedback.
Widgets
Please be aware that Company delivers Content on the Website via or allows third parties to post widgets provided by third parties (“Widgets”). These Widgets are controlled by third party content providers (“Widget Providers”). Company does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available through such Widgets. The Widgets may use “cookies” or otherwise gather or collect information about you, including by asking you to provide information through such Widgets. The use of these Widgets, as well as the privacy practices of the Widget Providers, are governed by the applicable Widget Providers’ separate terms of use and privacy policies, if any. Company strongly encourages you to review any separate terms of use and privacy policies governing use of these Widgets.
Company’s Privacy Policy
Company collects, stores and uses data collected from you in accordance with Company’s Privacy Policy, located at
http://www.topsteptrader.com/privacypolicy The terms and conditions of the Privacy Policy are hereby expressly incorporated into these Terms of Use.
Links
The Website may provide, or third parties may provide, links to other websites or resources on the Internet. Because Company has no control over such websites or resources, you acknowledge and agree that Company is not responsible for the availability of such external websites or resources, and Company does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such websites or resources or for any privacy or other practices of the third parties operating those websites or resources. You further acknowledge and agree that Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with your use of or reliance on any such Content, goods or services available on or through any such website or resource. Company strongly encourages you to review any separate terms of use and privacy policies governing use of these third-party websites and resources.
Purchases
Company may allow users to place Orders for subscriptions and/or services via the Website or through its third-party affiliate. “Order” shall mean any order placed by a user for subscriptions and/or services via the Website that is accepted by Company. In the event that you are a user placing an Order to purchase subscriptions and/or services, you are subject to the additional terms of this section. Please note that in some cases, you may be directed to a third-party website to make purchases. In such an event, not all of the purchase terms in this section will apply, and your purchase may be governed by the terms of such third-party website. By making such purchases, you hereby agree that Company has no responsibility, and shall have no liability, for any claim related to your purchases on such third-party websites.
Upon placing an Order, you shall pay to Company the purchase price as set forth in the “Order Summary” page or similar ordering mechanism. Company or its third-party affiliates may utilize the services of certain third-party payment processors to process payments of credit cards and other accepted methods of payment. Your purchase is subject to any additional terms and conditions imposed by such third-party payment processors. The purchase price and any applicable fees or taxes shall be applied to your chosen method of payment upon submission of your Order.
Prices and availability of products are subject to change without notice. Errors will be corrected where discovered, and Company reserves the right to revoke any stated offer and to correct any errors, inaccuracies or omissions including after an Order has been submitted and whether or not the Order has been confirmed and your payment method accepted and charged. In the event your payment method has been accepted and charged, Company will issue you the appropriate credit within a reasonable time after your Order has been revoked.
In the event you purchase subscriptions and/or services that embody or otherwise contain Subscription Content, you agree to the following restrictions regarding such Subscription Content or other information contained or embodied therein: (a) such Subscription Content (i) is the confidential information of Company, (ii) you may use the Subscription Content for your personal or internal business needs only in accordance with the terms of this Agreement, (iii) you may not disclose the Subscription Content to third parties, and (iv) you will use best efforts to safeguard such Subscription Content from unauthorized use or disclosure; (b) you may not resell any Subscription Content or otherwise profit from its use or display; (c) you may not, nor will you allow any other party to, reproduce, modify, edit, adapt, publish, translate, display, distribute, sell, sublicense or create derivative works or compilations incorporating such Subscription Content; (d) you will not otherwise violate any additional legal or contractual restrictions governing use of the Subscription Content; and (e) you will not obscure or remove any proprietary rights notices contained in or on the Subscription Content.
User Representations
You hereby represent and warrant to Company that: (a) you (i) have reached the age of majority in the jurisdiction where you reside (generally 18, 19 or 21 years of age depending on the jurisdiction), (ii) are an emancipated minor under the laws of your jurisdiction of domicile and/or residence, (iii) possess legal parental or guardian consent, or (iv) otherwise have the power and authority to enter into and perform your obligations under this Agreement; (b) all information provided by you to Company is truthful, accurate and complete; (c) you are an authorized signatory of the credit or debit card or other method of payment that you provide to Company or its third-party payment processor to pay the purchase price and any applicable fees or taxes related to your purchases of products and/or services via the Website; (d) you will comply with the terms and conditions of these Terms of Use and any other agreement to which you are subject that is related to your use of the Website, Content or any part thereof; (e) you have provided and will maintain accurate and complete registration information with Company, including, without limitation, your legal name, email address and any other information Company may reasonably require; (f) your access to and use of the Website or any part thereof and/or purchase and use of any subscriptions and/or services will not constitute a breach or violation of any other agreement, contract, terms of use or any law or regulation to which you are subject; (g) you will immediately notify Company in the event that you learn or suspect that your registration information, username or password has been disclosed or otherwise made known to any other person; (h) you will not use the Website in order to gain competitive intelligence about Company, the Website or any subscription or service offered via the Website or to otherwise compete with Company or its affiliates; and (i) if you purport to be the agent of, represent or otherwise act on behalf of an entity or any other person, that you are in fact an authorized representative of such entity or other person.
In the event that you post any User Content or provide any Feedback via the Website, you hereby make the following additional representations and warranties to Company: (1) you are owner of such User Content or Feedback or otherwise have the right to grant Company the licenses or assignments granted pursuant to this Agreement; (2) you have secured any and all consents necessary to post the User Content or Feedback and to grant the foregoing licenses or assignments; (3) the User Content or Feedback does not violate the rights of any third party, including, without limitation, the intellectual property, privacy or publicity rights of any third party, and such User Content or Feedback does not contain any personally identifiable information about third parties in violation of such parties’ rights; (4) the use of any User Content or Feedback will not result in harm or personal injury to any third party; and (5) all factual information contained in the User Content or Feedback is true and accurate.
Prohibited Uses
You are solely responsible for any and all acts and omissions that occur under your account or password, and you agree not to engage in unacceptable use of the Website or any part thereof or any User Content that you may sell or purchase via the Website, which includes, without limitation: (a) use of the Website to post, store or disseminate material or information that is, or to a reasonable person may be, false, fraudulent, unlawful, harmful, tortious, abusive, obscene, pornographic, defamatory, libelous, harassing, invasive of another’s privacy, offensive, vulgar, threatening, malicious, hateful or racially, ethnically or otherwise objectionable; (b) use of the Website to post, store or disseminate Content, files, graphics, software or other material or information that actually or potentially infringes the rights of any person, including, without limitation, the copyright, trademark, patent, trade secret or other intellectual property rights, or privacy, moral or publicity rights, of any person; (c) use of the Website to interfere, disrupt or attempt to gain unauthorized access to other accounts on the Website, to restricted portion of the Website, to Content, or any other computer network or equipment; (d) use of the Website to post, store or disseminate viruses, Trojan horses or any other malicious code or programs designed to interrupt, destroy or limit the functionality of any computer software, hardware, system or telecommunications equipment; (e) use of the Website to post, store or disseminate any unsolicited or unauthorized advertising, promotional materials, junk mail, spam, chain letters, pyramid schemes or other fraudulent schemes, or any other form of solicitation; (f) use of the Website to engage in any activity that, as determined by Company, may intentionally or unintentionally violate these Terms of Use, violate any applicable laws or regulations or conflict with the spirit or intent of these Terms of Use; (g) use of any manual or automated software, devices or other processes to “crawl” or “spider” any web pages contained in the Website (including, without limitation, the use of robots, bots, spiders, scrapers or any other means to extract pricing, product, service or other data from the Website); (h) use of the Website to gain competitive intelligence about Company, the Website or any product or service offered via the Website or to otherwise compete with Company or its affiliates; (i) framing or otherwise simulating the appearance or functions of the Website or any portion thereof; or (j) harvesting or otherwise collecting any information about other users, including, without limitation, email addresses or other contact information of other users; or (k) use of the Website in a manner which violates the Company Rules of User Conduct, as the same may be changed from time to time, located at http://www.topsteptrader.com/scoutingevaluationform
Disclaimer
Company uses reasonable efforts to maintain the Website, but Company is not responsible for any defects or failures associated with the Website, any part thereof, any Content posted using the Website, Widgets, or any damages (such as lost profits or other consequential damages) that may result from any such defects or failures. The Website may be inaccessible or inoperable for any reason, including, without limitation: (a) equipment malfunctions, (b) periodic maintenance procedures or repairs which Company may undertake from time to time, or (c) causes beyond the control of Company or which are not foreseeable by Company.
Company does not control the User Content posted by its users, nor does it have any obligation to monitor such User Content for any purpose. Despite the fact that it has no monitoring obligations, Company reserves the right to remove any and all material that it feels is actually or potentially inappropriate, offensive, illegal or harmful in any respect or which may otherwise violate these Terms of Use. Because the User Content offered via the Website is provided by other users, and because Company does not monitor or exercise control over the User Content, Company does not make any warranties or representations regarding any of the User Content offered via the Website or the quality thereof. Company does not necessarily approve, endorse, sanction, encourage, verify or agree with any message posted by its users or otherwise embodied in the Content. You understand that by using the Website, you may be exposed to Content that may be offensive, indecent, vulgar, defamatory or otherwise objectionable, and that in no way shall Company be liable under any theory for such exposure.
Company is not a backup service for storing User Content, and Company shall have no liability regarding any loss of User Content. You are solely responsible for creating backups of any User Content you post using the Website.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or TopstepTrader.com.
PLEASE NOTE THE FOLLOWING IMPORTANT DISCLAIMERS OF WARRANTIES:
TO THE MAXIMUM EXTENT ALLOWED BY LAW, THE WEBSITE, ANY CONTENT, ANY WIDGETS AND ANY PRODUCTS OR SERVICES PROVIDED VIA THE WEBSITE ARE PROVIDED “AS IS” AND “AS AVAILABLE,” AND AT YOUR SOLE RISK. TO THE MAXIMUM EXTENT ALLOWED BY LAW, COMPANY EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE, TITLE AND NON-INFRINGEMENT.
WITHOUT LIMITATION, COMPANY MAKES NO WARRANTY THAT THE WEBSITE, ANY CONTENT, ANY WIDGETS OR ANY SERVICES PROVIDED VIA THE WEBSITE WILL MEET YOUR REQUIREMENTS, THAT USE OF THE FOREGOING WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, THAT THE RESULTS OBTAINED FROM THE USE OF THE FOREGOING OR ANY INFORMATION FOUND THEREON WILL BE ACCURATE OR RELIABLE, OR THAT THE QUALITY OF ANY CONTENT, PRODUCTS, SERVICES, INFORMATION OR OTHER MATERIAL OBTAINED THROUGH THE WEBSITE WILL MEET YOUR EXPECTATIONS.
ANY CONTENT, WIDGETS OR OTHER MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE WEBSITE IS DONE AT YOUR SOLE RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL.
FURTHER, PLEASE NOTE THAT NO ADVICE OR INFORMATION OBTAINED BY YOU THROUGH THE WEBSITE OR ANY SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY PROVIDED FOR IN THESE TERMS OF USE.
Limitation of Liability
TO THE MAXIMUM EXTENT ALLOWED BY LAW, YOU EXPRESSLY UNDERSTAND AND AGREE THAT COMPANY SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (A) THE USE OR THE INABILITY TO USE THE WEBSITE, ANY CONTENT, WIDGETS OR ANY PRODUCTS OR SERVICES PURCHASED VIA THE WEBSITE; (B) THE COST OF PROCUREMENT OF SUBSTITUTE PRODUCTS AND SERVICES RESULTING FROM ANY PRODUCTS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE WEBSITE OR OTHERWISE; (C) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS, CONTENT OR DATA; OR (D) ANY OTHER MATTER RELATING TO THE WEBSITE, ANY CONTENT, WIDGETS OR THE PURCHASE OF COMPANY’S PRODUCTS OR SERVICES. IF YOU ARE DISSATISFIED WITH THE WEBSITE, YOUR SOLE AND EXCLUSIVE REMEDY SHALL BE TO DISCONTINUE USE OF THE WEBSITE AND TERMINATE THIS AGREEMENT IN ACCORDANCE WITH ITS TERMS. TO THE MAXIMUM EXTENT ALLOWED BY LAW, IN NO EVENT SHALL COMPANY’S TOTAL LIABILITY TO YOU FOR ALL DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE) OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, FOR ACCESSING THE WEBSITE, WIDGETS, OR PURCHASING ANY CONTENT OR PURCHASING COMPANY’S SERVICES OR ANY AMOUNT RETAINED BY COMPANY FROM YOU FOR PROVIDING THE SERVICES.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
Indemnification
You agree to defend, indemnify and hold harmless Company, its officers, members, directors, employees and agents from and against any and all claims, liabilities, damages, losses or expenses, including attorneys’ fees and costs and expenses, arising out of or in any way connected with (a) your access to or use of the Website or any part thereof, (b) any User Content you post via the Website, (c) a breach or alleged breach by you of any of your representations, warranties, covenants or obligations under this Agreement, (d) infringement or misappropriation of any intellectual property or other rights of Company or third parties by you, (e) any negligence or willful misconduct by you, (f) any other claim related to your performance under this Agreement, or (g) your use of any Content, Widgets, services or products provided by Company.
Term and Termination
This Agreement is effective upon your unequivocal acceptance as set forth herein and shall continue in full force until terminated. You agree that Company, in its sole discretion, may terminate your use of the Website or any part thereof upon prior notice, and remove and discard any Content, in the event you violate these Terms of Use. You agree that Company may immediately suspend your account and your access to the Website or any part thereof in order to conduct an investigation in the event it believes you have violated these Terms of Use or if it determines that you are a repeat infringer of another’s intellectual property or other rights. Company may also, in its sole discretion and at any time, discontinue providing the Website, any part thereof, any Content or any products or services advertised thereon, with or without notice. In addition to any other method of termination or suspension provided for in this Agreement, Company reserves the right to terminate this Agreement at any time and for any reason upon ten (10) days notice to you. Further, you agree that Company shall not be liable to you or any third party for any termination or suspension of your access to the Website or any part thereof, removal of Content or sale of any services. You may terminate this Agreement at any time by immediately discontinuing all access to the Website and by providing notice to Company of such discontinuance. Termination or cancellation of this Agreement shall not affect any right or relief to which Company may be entitled at law or in equity. Upon termination of this Agreement, you shall terminate all use of the Website and any Content provided thereby. In the event of termination, you will not be entitled to any refund of any fees or other charges, if any, paid in connection with this Agreement.
Governing Law and Other Miscellaneous Terms
The parties and their respective personnel are and shall be independent contractors, and neither party by virtue of this Agreement shall have any right, power or authority to act or create any obligation, express or implied, on behalf of the other party.
You acknowledge and agree that any expenses that you incur in furtherance of this Agreement are voluntary in nature and are made with the knowledge that this Agreement may be terminated as provided herein. You shall not make a claim against Company, and Company shall not be liable with respect to the recoupment of any expenditures or investment made by you in anticipation of the continuation of this Agreement beyond the term hereof.
The parties agree that breach of the provisions of this Agreement would cause irreparable harm and significant injury to Company which would be both difficult to ascertain and which would not be compensable by damages alone. As such, the parties agree that Company has the right to enforce the provisions of this Agreement by injunction (without necessity of posting bond), specific performance or other equitable relief without prejudice to any other rights and remedies Company may have for your breach of this Agreement.
The validity and effect of these Terms of Use shall be governed by, and construed and enforced in accordance with the laws of Illinois, without regard to its conflicts or choice of laws principles. ANY SUIT, ACTION OR PROCEEDING CONCERNING OR RELATING TO THE WEBSITE, ITS USE, THESE TERMS OF USE, ANY SALE OR ANY OTHER PRODUCT, SERVICE, POLICY OR PROCEDURE OF COMPANY, MUST BE BROUGHT EXCLUSIVELY IN A COURT OF COMPETENT JURISDICTION IN ILLINOIS, AND YOU HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF SUCH COURT (AND OF THE APPROPRIATE APPELLATE COURTS THEREFROM) IN ANY SUCH SUIT, ACTION OR PROCEEDING, YOU IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION WHICH YOU MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT ANY SUCH SUIT, ACTION OR PROCEEDING WHICH IS BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT OR IMPROPER FORUM.
If any action at law or in equity is necessary to enforce the terms of this Agreement, the prevailing party will be entitled to reasonable fees of attorneys, accountants and other professionals, and costs and expenses in addition to any other relief to which such prevailing party may be entitled.
The captions and headings of this Agreement are included for ease of reference only and will be disregarded in interpreting and construing this Agreement.
If the performance of any part of this Agreement by either party (other than payment of money) is prevented, hindered, delayed or otherwise made impracticable by reason of any flood, riot, fire, judicial or governmental action, labor dispute, act of God, telecommunications failure or any other cause beyond the control of either party, that party shall be excused from such performance to the extent that it is prevented, hindered or delayed by such cause.
This Agreement, including any other agreements or additional terms referenced herein, constitutes the complete and exclusive statement of the Agreement between the parties with respect to the Website, Content, Widgets and services offered via the Website, and, unless otherwise expressly provided herein, it supersedes any and all prior or contemporaneous communications, representations, statements and understandings, whether oral or written, between the parties concerning the Website, Content, Widgets and services sold via the Website. If any provision of this Agreement is found unlawful or unenforceable in any respect, the court shall reform such provision so as to render it enforceable or, if it is not possible to reform such provision so as to make it enforceable, then delete such provision. As so reformed or modified, the court shall fully enforce this Agreement. The provisions of this Agreement that by their content are intended to survive the expiration or termination of this Agreement, including, without limitation, provisions governing ownership and use of intellectual property, representations, disclaimers, warranties, liability, indemnification, governing law, jurisdiction, venue, remedies, rights after termination and interpretation of this Agreement, will survive the expiration or termination of this Agreement for their full statutory period.
The United Nations Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transactions Act shall not apply to this Agreement.
Company makes no representation that the Website, Content or other material or information on the Website is appropriate to or available in locations outside of the United States. You may not use the Website or export Content in violation of United States export laws, regulations or restrictions. If you access the Website from outside of the United States, you are responsible for compliance with all applicable laws.
Copyright and Copyright Notices
Company respects the intellectual property of others, and we ask our users to do the same. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide Company’s Copyright Agent the following information:
- an electronic or physical signature of the owner or person authorized to act on behalf of the owner of the copyright interest;
- a description of the copyrighted work that you claim has been infringed;
- a description of where the material that you claim is infringing is located on the Website sufficient to allow us to locate the allegedly infringing material;
- your address, telephone number, and email address;
- a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and
- a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
Please contact Company’s Copyright Agent for Notice of Claims of copyright infringement at: support@topsteptrader.com. Copyright owners and agents acknowledge that failure to comply with all of the requirements of the foregoing may result in an invalidity of the DMCA notice.
Counter-Notice. If you believe that the User Content that was removed (or to which access was disabled) is not infringing, or that you have authorization from the copyright owner, the copyright owner’s agent, or pursuant to the law, to post and use the User Content, you may send a counter-notice containing the following information to the Copyright Agent:
- your physical or electronic signature;
- identification of the User Content that has been removed or to which access has been disabled and the location at which the User Content appeared before it was removed or disabled;
- a statement that you have a good faith belief that the User Content was removed or disabled as a result of mistake or a misidentification of the User Content; and
- your name, address, telephone number, and e-mail address, a statement that you consent to the jurisdiction of the federal court in Illinois and a statement that you will accept service of process from the person who provided notification of the alleged infringement.
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TopstepTrader’s Next Best Trader Challenge Official Rules
OFFICIAL RULES. OPEN TO NATURAL PERSONS ABOVE THE AGE OF MAJORITY IN THEIR JURISDICTIONS AS OF THE TIME OF ENTRY. VOID WHERE RESTRICTED OR PROHIBITED BY LAW. ENTRANTS PROVIDE INFORMATION TO PATAK TRADING PARTNERS, LLC, NOT TO FACEBOOK, INC.
1. THE CONTEST: This Topstep Trader’s Next Best Trader Challenge (“the Challenge”) is a skills-based challenge offered by Patak Trading Partners, LLC (“Sponsor”) and is open to individuals who meet all eligibility requirements set forth above or otherwise under these official rules (“Official Rules”).
2. CHALLENGE PERIOD: The “Entry Period” for the Challenge ends on January 29, 2012, at 3:00 p.m. Central Time. The “Challenge Period” begins January 29, 2012, at 5:00 p.m. Central Time and ends February 10, 2012, at 12:00 p.m. Central Time.
3. HOW TO ENTER: During the Entry Period, you may enter this Challenge via the Internet by visiting http://www.topsteptrader.com/Challenge/NextBestTrader (“Challenge Site”), clicking on the Sign Up button, and providing all required information on the Challenge Sign Up Form. All entries must be received with all required elements by no later than the close of the Entry Period. Entrants will receive their account information on January 29, 2012, on or before 5:00 p.m. Central Time. An entrant may enter the Challenge more than once by following the instructions set forth above. For each entry, the entrant must set up a separate account. Each entrant must be the named person who has been assigned to the email address provided on the Challenge Sign Up Form.
4. CHALLENGE: Entrants will participate in a real-time market simulation program using a fake money simulated account. The Challenge will be split into two phases. In each phase, entrants will be evaluated based on their account balances, net daily profit and loss, aptitude for trading, average wins versus average loss duration, proper risk management and trader intuition. During each phase, the top-ranked entrants will be announced throughout each day via the TST Squawk Radio/Interactive trader chat room. In order to participate in the Challenge, you will need to download the Sponsor’s trading software, available at http://www.topsteptrader.com/Software.
The first phase will begin January 29, 2012, at 5:01 p.m. Central Time and end February 3, 2012, at 3:00 p.m. Central Time. The top half of entrants, based on highest account balances, will be selected to proceed to the second phase. Entrants will be notified by email regarding whether they will proceed to the second phase prior to 5:00 p.m. Central Time on February 3, 2012. The second phase will begin February 3, 2012, at 5:00 p.m. Central Time and end February 10, 2012, at 12:00 p.m. Central Time. To be eligible to become a winner, an entrant must complete both phases of the Challenge. Each phase of the Challenge is conducted under the supervision of Sponsor whose decisions are final in all matters relating to the Challenge and determinations in each Challenge phase.
PRODUCTS, POSITIONS, MAXIMUM POSITION SIZE AND DAILY LOSS LIMIT: Entrants must trade only the products included in the list of permissible products, available at http://www.topsteptrader.com/PermissibleProducts, and each entrant is limited to trading no more than five (5) products during the Challenge. All positions must be closed: (a) daily before the electronic close, and (b) before the close of the Challenge Period. The maximum position size for each entrant is fifteen (15). Each entrant has a daily loss limit of $3,000.00. If an entrant exceeds its daily loss limit, Sponsor may flatten or close entrant’s position and disable trading until 5:00 p.m. Central Time of such day on which the loss limit is exceeded. After 5:00 p.m. Central Time, the daily loss limit is reset and the entrant will be enabled to trade again.
HOW WINNERS ARE CHOSEN: The First Place winner will be chosen based on the highest account balance at the close of the Challenge Period, the Second Place winner will be chosen based on the second highest account balance at the close of the Challenge Period, and the Third Place winner will be chosen based on the third highest account balance at the close of the Challenge Period. All place winners must have followed the outlined rules listed on the Challenge page (Must trade ONLY the products permitted to trade, May only trade 5 products throughout the two week Challenge, Must CLOSE all positions daily before the electronic close, Trader MUST close all positions by 12pm CST on the final day of the Challenge (Friday, February 10).
In the event of a tie, the winner(s) will be determined from among the tied entrants based on the least total amount of volume or trading transactions during the Challenge Period. This can be determined by adding the total number of buys and the total number of sells by each applicable entrant during the Challenge Period.
7. PRIZES: All prize details are at the sole discretion of Sponsor. Any portion of a prize not accepted by a winner will be forfeited and Sponsor will have no further obligation to the winner. No substitution, cash equivalent or transfer of a prize is permitted except at the sole discretion of Sponsor, who reserves the right to substitute a prize of equal or greater value in the event a prize is unavailable for any reason. Winners are responsible for payment of all local, state, provincial and federal taxes on the prizes, and for any other expenses associated with the prizes not specifically described herein. Except where prohibited by law, each potential winner will be awarded the applicable prize only after such winner’s eligibility has been verified and such potential winner has completed (a) a statement of eligibility and (b) a liability and publicity release. The First Place winner must also complete a trader agreement. Failure by any potential winner to return such executed documents within ten (10) days after request by Sponsor may result in disqualification of the potential winner.
Upon verification of eligibility, the First Place winner will be provided with a TST Live Trading account funded with $150,000, the Second Place winner will receive a $500 cash prize, and the Third Place winner will receive a $250 cash prize. The First Place prize is not a cash prize, the First Place prize does not have an estimated retail value, and the First Place winner will not receive access to the capital in the TST Live Trading account. The First Place winner will receive the opportunity to become a live trader trading a TST Live Trading account backed by Sponsor, subject to all terms and conditions of such TST Live Trading account and of becoming a trader with Sponsor.
8. ELIGIBILITY: The Challenge is open to all natural persons who are above the age of majority (generally 18, 19, or 21) in their jurisdictions as of the time of entry. Employees of Sponsor and its affiliates, advertising and promotion agencies, and any business or entity involved in the development, production, implementation, administration or fulfillment of the Challenge, and each of their immediate families (defined as current spouse, parents, children, siblings and their respective spouses) and individuals (whether related or not) living in the same household as the foregoing parties are not eligible to enter or win. Void where prohibited or restricted by law. The Challenge is subject to, and you are solely responsible for your compliance with, all applicable local, state, provincial and/or federal laws and regulations. By participating, entrants agree to be bound by these Official Rules and to accept the decisions of Sponsor as final in all matters relating to the Challenge and its administration.
9. NOTIFICATION: Potential winners will be announced via the TST Squawk Radio/Interactive trader chat room and will be notified via phone. Failure by any potential winner to respond to such notification within three (3) days after Sponsor’s first attempt, failure by any potential winner to adhere to these Official Rules, or the return of any prize as undeliverable may result in disqualification of any potential winner and an alternate winner may be selected.
10. LIMITATION OF LIABILITY: Sponsor is not responsible for typographical or other errors in the printing, the offering or the administration of the Challenge, or in the announcement of prizes. Sponsor is not responsible for lost, late, misdirected, undeliverable or incomplete entries due to system errors or failures, or faulty transmissions or other telecommunications malfunctions and/or entries not received resulting from any hardware or software failures of any kind, lost or unavailable network connections, or failed, incomplete or garbled computer or telephone transmissions, typographical or system errors and failures, or faulty transmissions, or for any problems or technical malfunction(s) of any telephone network or lines, computer online systems, servers or providers, computer equipment, or entries not received on account of technical problems or traffic congestion on the Internet, or at a website, or any combination thereof, including any injury or damage to entrant’s or any other person’s computer related to or resulting from entering the Challenge or downloading any material for the Challenge, or other telecommunications malfunctions which may limit an entrant’s ability to participate. By participating in the Challenge, entrants agree that Sponsor and its affiliate companies, advertising and promotion agencies, any entities providing prizes, any entities involved in the administration or advertisement of the Challenge (specifically including, without limitation, Facebook, Inc.), and all of their agents, directors, officers, representatives, shareholders and employees will have no liability whatsoever for, and the entrants will indemnify, defend and hold the foregoing parties harmless from, any claims, injuries, losses, or damages of any kind resulting from participation in the Challenge or acceptance, possession or use of any prize that may be awarded. Entrants hereby waive any right to claim ambiguity in the Challenge or the Official Rules.
11. MODIFICATION AND TERMINATION: (a) In the event the Challenge is compromised by unauthorized human intervention, tampering, mechanical or electronic failures, or other causes beyond the reasonable control of Sponsor which corrupt or impair the administration, security, fairness or proper operation of the Challenge, Sponsor reserves the right, but not the obligation, in its sole discretion, to void any entries submitted fraudulently or to suspend, modify or terminate the Challenge, in which case Sponsor shall not be required to award any prize or substitute prize. Sponsor may prosecute any and all fraudulent activities to the fullest extent of the law. (b) Sponsor reserves the right to modify or end the Challenge at any time. In the event of such termination, Sponsor will award the prizes based on the performance of eligible entrants prior to such termination.
12. PROMOTION: By participating in the Challenge, entrants grant Sponsor and its licensees, affiliates and assigns the right to print, publish, broadcast and use, worldwide in any media now known or hereafter developed, at any time or times, such entrants’ names, portraits, pictures, voices, likenesses, user information and biographical information as news or information and for advertising and promotional purposes relating to the Challenge without additional financial or other compensation, unless prohibited by law. Winners must sign a publicity release confirming such consent prior to acceptance of the prize unless prohibited by law. By providing information or other materials pursuant to this Challenge, the entrant consents to Sponsor’s use of such information and materials for promotional or any other purposes allowed by law. Each entrant further agrees to acknowledge that the Challenge is in no way sponsored, endorsed or administered by, or associated with, Facebook, Inc.
13. TERMS OF USE AND PRIVACY POLICY: These Official Rules hereby incorporate the terms and conditions of the Challenge Site’s Terms of Use, available at http://www.topsteptrader.com/TermsCondition, and Privacy Policy, available at http://www.topsteptrader.com/PrivacyPolicy.
14. GOVERNING LAW: The Challenge, including construction, validity, interpretation and enforceability of these Official Rules, shall be governed by the laws of the State of Illinois without regard to choice of law or conflict of law principles. Any disputes, claims and causes of action arising out of or connected in any way to the Challenge or the prizes shall be resolved individually, without resort to any form of class action, and brought exclusively in a federal or state court in Cook County, Illinois.
15. WINNERS’ LIST: A list of winners will be posted on the TopstepTrader leader board on or after February 10, 2012.
16. SPONSOR: Patak Trading Partners, LLC, Chicago Board of Trade – Trading Floor, 141 West Jackson Boulevard, Chicago, Illinois 60604.