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Terms of Service

Effective Date: March 1, 2026 · Last Updated: March 6, 2026

1. Acceptance of Terms

By accessing or using the From Equations to Capital platform ("Platform"), including the books, Decision Lab, Academy, companion notebooks, research papers, and all related services (collectively, "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree, do not use the Services.

2. Description of Services

The Platform provides:

  • Books: "From Equations to Capital" Volume I and Volume II digital reading access via the institutional reader.
  • Decision Lab: Interactive analytical tools for valuation, portfolio management, risk assessment, and decision governance.
  • Academy: Structured learning paths, courses, and professional certifications in quantitative finance.
  • Companion Notebooks: Jupyter-based computational environments linked to book chapters.
  • Research: Working papers, blog posts, case commentaries, and newsletters.
  • Consulting: Professional advisory services (subject to separate engagement agreements).

3. Account Registration

You must create an account to access certain Services. You agree to:

  • Provide accurate, complete, and current registration information.
  • Maintain the security of your account credentials.
  • Promptly notify us of any unauthorized use of your account.
  • Accept responsibility for all activities under your account.

Passwords must be at least 12 characters. We use PBKDF2-SHA256 hashing with 310,000 iterations for password storage.

4. License and Intellectual Property

All content, including text, mathematical formulations, code, figures, and design elements, is the intellectual property of Mourad E. Mazouni and/or its licensors. Upon purchase, you receive a non-exclusive, non-transferable, revocable license to access the purchased content for personal or institutional use, subject to the scope of your license tier.

4.1 Individual License

Permits access on up to 3 personal devices. Content may not be shared, redistributed, or used for commercial training without a separate license.

4.2 Institutional License

Permits access for the number of seats specified in the license agreement. Institutional administrators may manage seat assignments. Content may be used in internal training programs but may not be sublicensed.

5. Purchases and Payments

Payments are processed through Stripe. All prices are in USD unless otherwise stated. By completing a purchase, you authorize the charge to your payment method. Refund requests must be submitted within 14 days of purchase and are subject to review.

6. Educational Disclaimer

The Platform provides educational and analytical tools only. All models, calculations, valuations, and outputs are for educational purposes and require independent validation before use in any production, investment, or decision-making environment. We make no warranties regarding the accuracy, completeness, or fitness of any output for a particular purpose.

7. Prohibited Conduct

You agree not to:

  • Reverse engineer, decompile, or disassemble any part of the Services.
  • Use automated tools to scrape, crawl, or extract content.
  • Share account credentials or circumvent access controls.
  • Use the Services for any unlawful purpose.
  • Misrepresent platform outputs as professional advice without independent validation.

8. Termination

We may suspend or terminate your access at any time for violation of these Terms. Upon termination, your right to access the Services ceases immediately. Provisions that by their nature should survive termination (including intellectual property, disclaimers, and limitation of liability) shall survive.

9. Limitation of Liability

To the maximum extent permitted by law, the Platform, its author, and affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Services.

10. Governing Law

These Terms are governed by the laws of the State of New York, United States, without regard to conflict of law provisions.

11. Changes to Terms

We reserve the right to modify these Terms at any time. Changes will be posted on this page with an updated "Last Updated" date. Continued use of the Services after changes constitutes acceptance of the modified Terms.

12. Contact

For questions about these Terms, contact us at legal@equationstocapital.com.

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