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WRDS terms of Use

Below are the terms that you should retain for future reference.

1. Your use of the WRDS services is for academic and non-commercial research purposes only. Your use of the WRDS services is governed by and restricted under the Subscription Agreement between your host university or institution (the "Subscriber") and Wharton Research Data Services. You may not use data downloaded from the WRDS database for any non-academic or commercial endeavor.

2. Your access to the WRDS database is governed by the Subscription Agreement between the Subscriber and Wharton Research Data Services. Individual WRDS accounts are offered to standing faculty, full-time research staff, and currently-enrolled Ph.D. students at Subscriber institutions. Access and individual accounts for research assistants, visiting scholars and other non-permanent faculty is offered at Wharton Research Data Service's discretion. Access by other types of students is limited to class accounts, in-library use accounts, and special IP authenticated services as provided by Wharton Research Data Services.

3. You must protect the confidentiality of your WRDS username and password. You may not reveal, disclose, transfer or share your username and password with anyone, including without limitation a co-author or other collaborator.

4. You must notify Wharton Research Data Services within thirty (30) days of any changes in your affiliation with the Subscriber institution, including without limitation if you leave your current university or institution or change your affiliation in any manner. IF YOU ARE NO LONGER EMPLOYED AT A UNIVERSITY OR INSTITUTION THAT SUBSCRIBES TO WRDS, YOU MAY NOT ACCESS OR USE THE WRDS SERVICES. If your new university or institution is a then-current WRDS subscriber, Wharton Research Data Services will transfer your account and files to your new university's or institution's account. Your use and access to the WRDS services will then be subject to these Terms of Use and the Subscription Agreement between your new university or institution and Wharton Research Data Services. If your new university of institution is not a then-current WRDS subscriber, then you may not access or use the WRDS services.

5. Your university or institution may place additional restrictions on your use of and access to the WRDS services. You must learn about and honor restrictions your university or institution may place on users of the WRDS services and any use of the licensed data that is accessed through the WRDS services.

6. Your rights to access and/or use the WRDS services is subject to immediate suspension if there is any evidence of the misuse of your WRDS services account or username or password.

7. WRDS and its third party data providers do not make any representations or guarantees about the accuracy or timeliness of the content. Due to the number of sources from which WRDS contents are obtained, and the inherent hazards of electronic distribution, there may be delays, omissions, or inaccuracies in the contents. Although the contents have been obtained from sources believed to be reliable, they are provided to you on an "as is" basis without warranties of any kind. With respect to this service and the contents, and to the fullest extent permitted by applicable law, WRDS and its third party data providers hereby disclaim all express, implied and statutory warranties of any kind to the user or any third party, including, but not limited to, representations and warranties regarding accuracy, timeliness, completeness, correctness, currentness, noninfringement, merchantability, or fitness for any particular purpose, or any representations or warranties arising from u!
sage or custom or trade or by operation of law. WRDS, and its third party data providers, assume no responsibility for the consequences of any errors or omissions. In no event shall WRDS or any third party data provider or any of their licensors be liable to the user or to anyone else for any loss or injury caused in whole or in part by contingencies beyond their control or negligence in procuring, compiling, interpreting, editing, writing, reporting or delivering any content. In no event shall WRDS or any third party data provider or any of their licensors be liable to the user or anyone else for any claim arising out of or relating to WRDS-provided content, including, but not limited to, any decision made or action taken by you in reliance upon such content or for any types of damages (such as, but not limited to, direct, consequential, special, incidental, punitive or indirect damages), even if advised of the possibility of such damages.

8. To the extent there is any conflict between these Terms of Use and the Subscription Agreement governing your access and use of the WRDS services, the terms of the Subscription Agreement shall govern.

Best Regards,