1. Acceptance

By accessing or using the Portfolio TVPI Spectrum® Generator ("the Service") you agree to these Terms of Use. If you do not agree, do not use the Service.

2. Service Description

The Service is a free, browser-based tool that generates a dual variwide diagram from fund-portfolio inputs you provide. All computation happens client-side; no fund data is transmitted to AQAL Capital GmbH.

3. License to Use the Service

AQAL Capital GmbH grants you a non-exclusive, non-transferable, revocable, royalty-free license to use the Service at tvpispectrum.com for lawful purposes, including commercial use.

This license covers use of the hosted website and the diagrams it produces. You may include the generated SVG/PNG output in your own materials — including commercial materials such as fund reports, pitch decks, investor letters, and publications — provided the embedded credit line "Diagram design by AQAL Capital. Get your own TVPI Spectrum® here." and its hyperlink to tvpispectrum.com remain intact and unaltered.

4. Restrictions — No Copying of the Code or Design

The license in §3 does not grant you any right to the underlying software. In particular, you may not:

All rights in the Service — including the source code, the chart design, the visual layout, the "TVPI Spectrum®" mark, and all related materials — are owned by AQAL Capital GmbH and are protected by copyright, trademark, and unfair-competition law. "TVPI Spectrum" is a registered trademark of AQAL Capital GmbH (EUIPO No. 019373280).

5. "As Is" — No Warranty

The Service is provided "as is" and "as available" without warranties of any kind, whether express or implied, including (but not limited to) warranties of merchantability, fitness for a particular purpose, accuracy, or non-infringement. We do not warrant that the Service will be error-free, uninterrupted, or that the generated diagrams are mathematically or financially correct for your specific use case.

6. No Investment Advice

The Service is a visualization tool. Diagrams generated with it are not investment advice, financial advice, a recommendation, a solicitation, or an offer to buy or sell any security or fund interest. See our Disclaimer for details.

7. Limitation of Liability

To the extent permitted by law, AQAL Capital GmbH shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, arising out of or related to your use of the Service. Liability for damages caused by intent or gross negligence, for injury to life, body, or health, and under the German Product Liability Act (Produkthaftungsgesetz) remains unaffected.

8. Changes to the Service

We may modify, suspend, or discontinue the Service at any time without notice.

9. Governing Law & Jurisdiction

These Terms are governed by the laws of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods. Where permitted by law, the exclusive place of jurisdiction is Munich, Germany.

10. Severability

If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.