Stock Wise Educational License Terms
1. License Grant
Stock Wise grants the Educational Institution ("School") a non-exclusive, non-transferable license to use the Stock Wise application for educational purposes within the licensed number of student accounts during the term specified in the Order Form.
2. Scope of Use
2.1 Permitted Uses:
- Use by enrolled students and faculty for educational instruction
- Classroom demonstrations and presentations
- Student homework and project assignments
- Teacher professional development and training
2.2 Prohibited Uses:
- Commercial use or resale of access
- Sharing accounts outside the licensed institution
- Reverse engineering or copying the software
- Use beyond the licensed student count
3. Term and Payment
3.1 Term: This license is valid for one (1) academic year from the start date specified in the Order Form, unless terminated earlier in accordance with this Agreement.
3.2 Payment: School agrees to pay the license fee as specified in the Order Form. Payment is due within 30 days of invoice date.
3.3 Renewal: This Agreement may be renewed for additional terms by mutual written agreement.
4. Support Services
Stock Wise will provide technical support as outlined in the School Support Policy. Support level is determined by the number of licensed students as follows:
- Standard Support: Up to 499 students
- Priority Support: 500-999 students
- Premium Support: 1,000+ students
5. Data Privacy and Security
5.1 Student Data Protection: Stock Wise complies with FERPA (Family Educational Rights and Privacy Act) and does not collect unnecessary personal information from students.
5.2 Data Retention: Student data will be retained only as long as necessary for educational purposes and will be deleted within 90 days of license termination unless otherwise required by law.
5.3 Security: Stock Wise maintains industry-standard security measures to protect all user data.
6. Limitation of Liability
Stock Wise's total liability under this Agreement shall not exceed the total amount paid by School during the twelve (12) months preceding the claim. Stock Wise is not liable for any indirect, incidental, or consequential damages.
7. Termination
7.1 Termination for Cause: Either party may terminate this Agreement immediately if the other party materially breaches the Agreement and fails to cure such breach within 30 days of written notice.
7.2 Effect of Termination: Upon termination, School's right to use the Stock Wise application will immediately cease, and all student accounts will be deactivated.
8. Refund Policy
8.1 No Refunds: All license fees are non-refundable once paid, except as specifically provided in Section 8.2.
8.2 Technical Failure Refund: If Stock Wise fails to provide the licensed service due to technical issues on our end for more than 30 consecutive days, School may request a pro-rated refund for the unused portion of the license term.
8.3 Satisfaction Guarantee: Schools may cancel within the first 14 days of the license term for a full refund if the service does not meet their educational needs, provided usage does not exceed 25% of licensed student accounts.
9. General Provisions
9.1 Governing Law: This Agreement is governed by the laws of [State/Province].
9.2 Entire Agreement: This Agreement, including any Order Forms, constitutes the entire agreement between the parties.
9.3 Amendment: This Agreement may only be amended by written agreement signed by both parties.
Questions About This Contract?
Contact our education team at schools@stockwise.app or call 1-800-STOCKWISE for clarification on any terms.
