Data License Agreement

AdCho (the "Site") is operated by KFChow AI Lab.

Last updated: 2026-11-06

1. What this agreement covers

This Data License Agreement (the "DLA") governs the data, rankings, signals, research and other content that we make available through the Site (the "Licensed Data"). It supplements our Terms of Service.

2. Licence

We grant you a non-exclusive, non-transferable, non-sublicensable, revocable licence to use the Licensed Data for your own internal business purposes during the term of your subscription, subject to these terms.

3. Permitted use

You may use the Licensed Data for internal research, analysis, sales prospecting, account research and marketing, and you may load it into your own systems for those purposes.

4. Restrictions

You must not:

• resell, redistribute or make the Licensed Data available to third parties, except as part of your own internal use;
• use the Licensed Data to build a product or database that competes with the Site, or that is intended for resale;
• use the Licensed Data to train, fine-tune, evaluate or benchmark any machine-learning or AI model, or provide it to a third party for that purpose;
• use the Licensed Data for digital advertising targeting, audience segmentation, lookalike modelling or programmatic advertising without our written authorisation;
• reverse-engineer or attempt to reconstruct our underlying databases, methods or sources;
• remove or alter any proprietary notices or metadata.

5. Data sourcing

The Licensed Data is compiled from sources we believe to be lawful and reliable, including public filings, market data providers and our own analysis. We do not use hacking, unauthorised access or other unlawful means to obtain data. We honour technical access controls and do not bypass authentication or paywalls.

6. Accuracy

The Licensed Data is provided "as is" and "as available". Business data changes, and we make no warranty of accuracy, completeness or timeliness. You are responsible for validating the data before relying on it for material decisions.

7. Infringement

We will defend you against a third-party claim that the Licensed Data, used as provided and in accordance with these terms, infringes a third-party intellectual property right, and we will indemnify you against damages finally awarded, subject to you notifying us promptly and giving us control of the defence.

8. Termination

We may suspend or terminate the licence if you breach these terms. On termination you must stop using the Licensed Data and, at our election, return or destroy it, except for data you have integrated into your own records in the ordinary course of business, which remains subject to these restrictions.

9. Liability

Our liability under this DLA is limited to the fees you paid us in the twelve (12) months before the event giving rise to the claim. We are not liable for indirect, incidental, special, consequential or punitive damages.

10. Governing law

This DLA is governed by the laws of the Hong Kong Special Administrative Region. Disputes are resolved by HKIAC arbitration in Hong Kong, conducted in English by a single arbitrator.

11. Contact

helen.ha@kfchow.com