Founder terms

1. Who we are and what these terms cover

1.1. These terms form the agreement between you and GoTrust BV, trading as Legendmakers, registered with the Crossroads Bank for Enterprises under number 1037.576.138, with its registered office at Morelgem 24B, 9520 Vlierzele, Belgium, and VAT number BE 1037.576.138, a company incorporated under Belgian law. In these terms we call ourselves "Legendmakers", "we" and "us". Legendmakers is the trade name under which GoTrust BV operates this platform.

1.2. You are the company that applies for a dossier, acting through the person who submits the application. That person confirms that they are authorised to bind the company.

1.3. These terms apply to the application, the dossier, the listing and everything else we provide to you. No other terms apply, including any purchasing conditions of yours, unless we have agreed to them in writing.

1.4. Contact for anything under these terms: hello@legendmakers.ai.

2. Definitions

• Dossier: the analyst report about your company, in nine numbered sections, as published on the platform and in any later version.
• Platform: the website and services at legendmakers.ai.
• Subscriber: an investor organisation with a paid subscription to the investor desk.
• Tier: a category of subscriber (co-founder, angel, VC, corporate).
• Publication: the moment an editor publishes your dossier and it becomes readable by subscribers.
• Term: the twelve-month period from publication described in article 14.
• Your material: everything you send us: the application, all three intake rounds including the figures, uploaded files and any later response.

3. Business customers only

3.1. The platform is offered to businesses. By applying you confirm that you act in the course of a business, trade, craft or profession, and not as a consumer.

3.2. If the company is not yet incorporated, you confirm that you apply in preparation of a business activity, and that you are not applying as a consumer. We do not accept applications from consumers. If it turns out that you applied as a consumer, we may end the agreement and refund you in full, and no dossier is published.

3.3. The mandatory provisions of Book VI of the Belgian Code of Economic Law on contracts between undertakings apply to this agreement. Nothing in these terms is intended to create a manifest imbalance between your rights and ours, and every clause that grants us a discretion is limited to what the platform actually does and is explained where it appears.

4. What you buy

4.1. You buy one thing: a published analyst dossier about your company, and a place on our ranked list, for one Term.

4.2. The dossier is our editorial work. What it says is our judgement, formed from your material and from our own research.

4.3. You do not buy advice, an introduction, a rank, a score, or an outcome. We do not promise that any subscriber will read your dossier, contact you or invest in you. Nothing in a dossier is investment advice to you or to anyone else, and we do not act as an intermediary in any investment.

5. How the service runs

5.1. You apply and accept these terms. We record the version you accepted, the time, your IP address and your browser.

5.2. You pay. Nothing starts before payment is confirmed. For SEPA direct debit, confirmation follows settlement, not the instruction.

5.3. We open a second round of intake questions and a third round for your figures. You answer them and upload what you want us to read. While you are still working on a round, your draft is saved as you type. Once you submit a round it is stored as submitted and is never overwritten: a later answer is added as a new round, not substituted.

5.3bis. The third round asks for your figures as fields rather than prose: where the company stands, what you have raised before and on what terms, what you are raising now, how it is to be spent, and what you expect at six, twelve, eighteen and twenty-four months. It is required. A rank is a comparison, and it only means something if every company on the list answered the same questions, so a dossier is not published until the figures are submitted. Where a figure is genuinely not known yet, the form lets you say so, and saying so is an answer we treat as one. Every figure in this round is recorded as stated by you and not verified, and it appears in the dossier marked that way unless an analyst has checked it and marked it verified. You may upload a profit and loss statement or the model behind the figures; that is supporting material, and the fields are what the dossier and the score use.

5.4. An analyst writes the dossier. A language model writes a first draft of each section; a person rewrites, checks, scores and approves every sentence. No machine-written text is published unedited. Sections carry a note on where their information came from and what was or was not verified, and the verdict, the market and the numbers cannot be published without one.

5.5. You review the dossier before anyone else, as described in article 7.

5.6. An editor publishes the dossier. Rank is then recalculated for all published companies.

6. Your material and your warranties

6.1. You warrant that:

(a) you have the right to give us your material and to let us use it as described in these terms;

(b) your material does not infringe the rights of any third party and does not breach any obligation of confidence you owe to anyone;

(c) everything you state in your material is true and complete to the best of your knowledge, and you will tell us promptly if you learn that something you sent us is wrong;

(d) you have told each person you name in your application that their name, role, one sentence of biography and LinkedIn address may appear in the dossier and that they may contact us about it.

6.2. If a third party brings a claim against us, or we suffer loss, because your material was not yours to give, was untrue or infringed someone's rights, you indemnify us for that claim and loss, including reasonable legal costs. This indemnity does not cover loss caused by our own fault.

6.3. Your material remains yours. You grant us a non-exclusive, worldwide licence to use, reproduce, analyse and store your material for the purpose of writing, publishing and maintaining the dossier, for as long as your account exists and, for invoices and legal records, as long as the law requires.

7. Editorial independence and your right of reply

7.1. The analysis, the wording, the score and the rank are ours to set. You cannot edit the dossier and you cannot have criticism removed. The platform enforces this: no screen exists that lets you change a section.

7.2. You have a right of reply. Before publication you may comment on any section, and you write an answer to the open points. Your answer is printed under Revisions, word for word, under your name. You are responsible for what it says.

7.3. If a dossier contains a factual error, tell us at hello@legendmakers.ai with the section, the statement you dispute and the evidence. We answer within ten working days with our decision and the reason for it. A correction we accept is published as a new, dated version of the dossier. The earlier version is marked as superseded. A published section is never changed silently.

7.4. A disagreement about assessment, weighting or opinion is not a factual error. Your remedy for that is your right of reply.

7.5. Score and rank are not negotiable and not for sale. Rank follows score, score follows the analysis, and no payment, by you or anyone else, changes either. There is no paid rank improvement and no free listing.

8. Who may read your dossier

8.1. Your dossier is readable only by subscribers in the tiers you select, and only during the Term. You may change your selection at any time in the founder portal and it takes effect immediately.

8.2. One exception, stated in the portal and repeated here: a corporate subscriber sees every published dossier, regardless of the tiers you select. That is what a corporate subscription pays for. If you do not accept this, do not apply.

8.3. Dossiers do not become public. Not during the Term, not after it, not after archiving and not with your permission. What appears publicly is limited to rank, one-liner, sector, country, stage and score, without company name.

8.4. After archiving, an editor may publish a short anonymised summary of your company that names no company, no product and no person and that is not reasonably traceable to any of them. If you selected strict confidentiality, no summary is published.

8.5. You do not see who has read your dossier, who saved it or who forwarded it, and you do not see counts. That is a deliberate design of the platform and there is no screen for it.

9. Confidentiality on our side

9.1. Your material is confidential. We use it to write and maintain your dossier and for nothing else. We do not sell it, publish it or show it to anyone other than the readers described in article 8, our staff and analysts who need it to do their work, and our processors listed in the privacy statement.

9.2. We may disclose your material where the law, a court or a regulator requires it. Where we lawfully can, we tell you first.

9.3. Every subscriber accepts a confidentiality undertaking before reading any dossier. Every full opening of your dossier is logged with the reader's name, organisation, time and IP address, and every page a reader sees carries their name and organisation. Recipients of a forwarded dossier accept a separate undertaking before it opens. The subscriber who forwards remains responsible to us for what the recipient does. Both undertakings contain a clause that lets you, as the company concerned, enforce them directly against the reader.

9.4. Copying cannot be technically prevented. We do not disable printing or copying, because that pretence spoils reading and stops nobody. Our protection is the accepted undertaking, the watermark and the log, and we tell you that plainly rather than promising more.

10. Standard and strict confidentiality

10.1. You choose a confidentiality level at application and you may tighten it at any time with immediate effect.

10.2. Standard: readable by the tiers you selected. Subscribers may forward the dossier through our forwarding function, and VC and corporate subscribers may export it as a PDF and include it in a list export. Every forward and every export is watermarked and logged.

10.3. Strict: forwarding and export are switched off. Every reader accepts an undertaking for your dossier specifically before it opens. Your company name and the names of persons are replaced with placeholders before any text leaves our infrastructure for our AI provider, and restored only when the draft is shown to the analyst. Your company is excluded from list exports and from archive summaries.

10.4. Moving from strict to standard requires a separate confirmation in the portal in which you acknowledge that subscribers may forward and export from that moment.

11. Use of AI

11.1. We use a third-party language model to write first drafts of dossier sections. A person rewrites and approves every section before it reaches you or any reader.

11.2. What goes to the AI provider is dossier text and your material insofar as needed to draft. Personal data of subscribers never goes there. Under strict confidentiality, names are pseudonymised first, as described in article 10.3.

11.3. We keep the full question and the full answer of every AI request, including failed ones, so that we can show what was asked and what came back if you dispute an analysis.

11.4. Where the AI provider processes data outside the European Economic Area, we do so under the European Commission's standard contractual clauses, with the pseudonymisation described in article 10.3 as a supplementary measure for strict dossiers. Details are in the privacy statement.

12. Price, payment and VAT

12.1. The price is 1,200 euro, excluding VAT, paid once, for one dossier and one listing of twelve months. It is not a subscription and it does not recur. There are no other tiers and no additional fees.

12.2. Payment is due in advance, by card or SEPA direct debit. We invoice the legal entity you name, under our own continuous invoice numbering.

12.3. VAT: the Belgian rate for a customer established in Belgium; reverse charge for a business in another EU member state that gives us a VAT number; the Belgian rate for an EU customer who gives none; no Belgian VAT for a customer established outside the EU. We invoice on the number you give us and we do not verify it against any register. You are responsible for the number being correct and for telling us if it changes or ceases to be valid, and if it turns out not to have been valid, any VAT, interest and penalty charged to us as a result is for your account.

12.4. If a payment fails or a direct debit is reversed, we tell you. Work on an unpublished dossier stops until payment is received. A dossier that is already published stays on the platform while we sort it out, and if payment is not received within fourteen days we may end the agreement under article 15, after which your company goes to the archive.

12.5. We may change our prices. A change never affects what you have already paid or the Term you have already bought; it applies only to an application made after the change.

13. Withdrawal before publication, and refunds

13.1. Before publication you may withdraw once, by notice through the portal. We refund the full amount paid, your company goes to the archive and the dossier is not published.

13.2. After publication the dossier stays on the platform until the end of the Term. There is no right of withdrawal after publication.

13.3. Any other refund is decided on request, not automatically. You file a request with a reason. We answer within ten working days, in writing, with our reason, whether we approve or refuse.

13.4. We refund in full if we conclude that we cannot write a useful dossier about your company, or if we fail to publish within ninety days of your payment for reasons that are ours. We refund a proportionate part of the fee if we take your dossier down before the end of the Term for a reason that is ours. We do not refund because you dislike the analysis, the score or the rank; your remedy for that is your right of reply under article 7.

13.5. A refund that is approved is paid by the method you paid with, ends the agreement and archives the company.

14. Term and expiry

14.1. The Term is twelve months from publication.

14.2. There is no renewal. The fee is paid once and the agreement ends when the Term does, without notice from either of us and without anything to cancel. We write to you sixty, thirty and seven days before your dossier reaches the end of its Term, and on the day itself, so that the date does not arrive as a surprise.

14.3. On expiry your company leaves the public list and the investor desk, every open forwarding link on the dossier is revoked the same day, and the dossier goes to the archive, where it remains available to you.

14.4. If you want to be written about again after expiry, that is a new application under these terms as they then read, a new analysis, and the fee of that day. It is not a renewal of this agreement and nothing in this agreement obliges either of us to enter into it.

15. Ending the agreement for cause

15.1. We may end the agreement, or take the dossier down, with immediate effect and by written notice, if:

(a) you breach a warranty in article 6 in a way that cannot be cured, or that you do not cure within fourteen days after we tell you;

(b) a court or a competent authority orders us to remove the dossier;

(c) payment is not received under article 12.4.

15.2. On ending under 15.1, your company goes to the archive and the fee for the current Term is not refunded, except where we end the agreement under 15.1(b) without any fault on your side, in which case we refund the part of the fee that corresponds to the unexpired Term.

15.3. Either party may end the agreement with immediate effect if the other becomes insolvent, enters liquidation or ceases business.

16. Ownership of the dossier

16.1. The dossier, including its text, analysis, score, rank, structure and presentation, is our work. All copyright and other intellectual property rights in it belong to us. You receive a right to read it and to use it as set out in 16.2, not ownership.

16.2. You may share the link to your dossier with anyone you choose. You may download the PDF and send it to individual investors, advisers, board members and employees. You may quote the headline of the verdict section, with attribution to Legendmakers and a link.

16.3. You may not publish the dossier or a substantial part of it on a website, in a newsletter, in a press release or anywhere else that makes it available to the public at large, and you may not host it for download. The difference is deliberate: sending it to a person is what you paid for, publishing it is what the subscribers paid for.

16.4. You may not present any part of the dossier as your own, alter it, or remove the source notes, the version date or our name from it.

16.5. Our name and the word Legendmakers may not be used to suggest endorsement, investment advice or a recommendation.

17. Liability

17.1. We write with care and we verify what we can verify. We do not guarantee that every figure in a dossier is correct. The dossier states which figures we verified and which we did not.

17.2. Our total liability to you for all claims arising out of or in connection with this agreement, in contract, tort or otherwise, is limited to the amount you paid us in the twelve months before the event that gives rise to the claim.

17.3. We are not liable for indirect or consequential loss, lost profit, lost revenue, loss of goodwill, or financing you did not obtain.

17.4. Nothing in this article limits or excludes our liability for fraud, for intentional fault, for gross negligence to the extent the law does not allow it to be excluded, for death or personal injury, or for anything else the law does not allow us to limit. If any limitation in this article is held invalid, the remaining limitations continue to apply.

17.5. Your liability to us under article 6.2 is not limited by this article.

18. Personal data

18.1. We process personal data as described in the privacy statement at legendmakers.ai/privacy, which forms part of this agreement for information purposes.

18.2. Of the people in your company, a dossier contains only a name, a role, one sentence of biography and a LinkedIn address. No private address, date of birth or other personal detail goes in, and nothing about employees who are not founders.

18.3. For the personal data in the dossier we act as controller. You inform the persons you name, as warranted in article 6.1(d). Where a person named in the dossier exercises a right under data protection law, we handle it as described in the privacy statement and we may need your cooperation.

19. Account deletion

19.1. You may ask us to delete your account from the account page. On execution, any published dossier is taken down, the persons named in it are anonymised, the account is anonymised and all sessions are revoked.

19.2. Invoices and the records needed to support them are kept for seven years after the end of the financial year, as Belgian bookkeeping and VAT law requires. That obligation takes precedence over a deletion request.

19.3. Deletion during the Term does not entitle you to a refund except under article 13.

20. Changes to these terms

20.1. We may publish a new version of these terms. We do not edit an existing version.

20.2. We notify you of a new version by e-mail. Access to the portal is blocked until you accept the new version. We keep a record of who accepted which version, when, from which IP address and with which browser.

20.3. A new version does not change the price of a period you have already paid for and does not reduce what you bought under article 4 for the current Term. If a new version materially reduces your rights for the current Term and you do not accept it, you may end the agreement and we refund the part of the fee that corresponds to the unexpired Term.

21. General

21.1. Notices to us go to hello@legendmakers.ai. Notices to you go to the e-mail address on your account.

21.2. These terms, the privacy statement and your application are the whole agreement between us on this subject and replace anything said before.

21.3. If a clause is held invalid or unenforceable, it is replaced by a valid clause that comes as close as possible to its purpose, and the rest of the terms stands.

21.4. You may not assign this agreement without our written consent. We may assign it to a successor of our business, and we tell you if we do.

21.5. Our failure to enforce a clause is not a waiver of it.

21.6. These terms are written in English. The English text is the binding text. A translation, if we publish one, is for convenience only and the English text prevails.

22. Law and courts

22.1. Belgian law applies.

22.2. The courts of the judicial district of East Flanders have exclusive jurisdiction, without prejudice to our right to bring proceedings before the courts of your seat.

22.3. The language of proceedings is Dutch.