These Terms of Service (this "Agreement") are a binding contract between you ("Customer," "you," or "your") and Thread by M&A Science Inc. ("Thread," "we," "our," or "us"). This Agreement governs your access to and use of threadma.com, the Thread application, and our related services (the "Services").
By clicking "Sign up," "I agree," or a similar button, or by accessing or using the Services, you (a) confirm you have read and understand this Agreement, (b) represent that you have the authority to enter into it, including on behalf of any organization you represent, and (c) agree to be bound by it. If you do not agree, do not use the Services.
If you and Thread sign a separate enterprise order form or agreement, that document controls where it conflicts with this Agreement.
Effective date: June 7, 2026 · Last updated: June 7, 2026
1. The Services
Subject to this Agreement and payment of any applicable fees, we grant you a limited, revocable, non-exclusive, non-transferable right to access and use the Services for your own internal business use during the term. We may improve, change, or discontinue features of the Services over time.
2. Your account
You are responsible for your account, for keeping your login credentials secure, and for all activity under your account. You are responsible for the people you allow to use the Services through your account (your team and other authorized users) and for their compliance with this Agreement. Tell us promptly at hello@threadma.com if you suspect unauthorized access.
3. Acceptable use
You agree not to, and not to allow anyone else to:
- Copy, modify, reverse engineer, or create derivative works of the Services, or attempt to access their source code.
- Rent, resell, sublicense, or make the Services available to anyone outside your organization, or use them to build a competing product.
- Upload any content you do not have the right to upload, or use the Services in any way that infringes someone's rights or violates any law.
- Interfere with the security, integrity, or isolation of the Services, or attempt to access another customer's data.
4. Your content and data
You own your data. Everything you connect or upload for a deal ("Customer Content") stays yours. We use it only to run the Services for you, and we take only the limited license needed to host, process, and display it for that purpose.
We do not use your Customer Content to train AI models or to build or improve our product. Thread runs on the M&A Science methodology and corpus, not on your deal data. Your data works for your deals only.
We may use anonymized, aggregated information about how the Services are used, never your Customer Content, to keep the Services running well and to improve them.
You are responsible for your Customer Content, including having the rights and any consents needed to upload it and have it processed, and for complying with applicable laws regarding any personal information contained in a data room. Our handling of personal information is described in our Privacy Policy, which is part of this Agreement.
5. AI output, and no professional advice
The Services use artificial intelligence to read documents and produce findings, recommendations, and readouts. These are tools to support your judgment, not a substitute for it.
The Services do not provide legal, financial, investment, tax, accounting, or other professional advice. AI-generated output may be incomplete or inaccurate. You are responsible for reviewing the output and for every decision you make, and you should independently verify anything material before relying on it. Thread surfaces the call; you make it.
6. Fees and payment
Fees are as described when you sign up, on our pricing page, or in your enterprise order form. Deals are billed as a flat fee per diligence cycle; extension and large-room charges, if any, are shown before they are applied. Payments are processed by a third-party payment processor, and you authorize us to charge your selected payment method.
Fees are exclusive of taxes, which are your responsibility. Except as required by law, fees already paid are non-refundable, including for a cycle you do not fully use. If a payment is not made when due, we may suspend access until it is resolved.
7. Confidentiality
Each party may receive information from the other that is confidential, including the other party's non-public business and technical information. The receiving party will protect it, use it only to perform under this Agreement, and disclose it only to people who need it and are bound by similar obligations. This does not apply to information that is public, already known, independently developed, or rightfully received from a third party, and either party may disclose confidential information if required by law, after reasonable notice where permitted. We treat your Customer Content as your confidential information.
8. Intellectual property
We own all rights in the Services and everything that makes them work, including the software, models, interfaces, and the M&A Science methodology and content behind them. You own your Customer Content. If you send us feedback or suggestions, you grant us the right to use them freely, without obligation to you.
9. Warranties and disclaimer
We're an early-stage product, and we're upfront about that. The Services are provided "as is" and "as available," and to the fullest extent the law allows we disclaim all warranties, express or implied, including merchantability, fitness for a particular purpose, title, and non-infringement. We don't promise the Services will be uninterrupted, error-free, or secure, or that any output will be accurate or complete. You use them on that basis.
10. Limitation of liability
To the fullest extent the law allows, Thread won't be liable for any indirect, incidental, consequential, special, or punitive damages, or for lost profits, lost business, lost goodwill, or lost or damaged data, even if we were warned they were possible. Our total liability for any claim relating to the Services is capped at what you paid us in the twelve months before the claim arose, and if you haven't paid us anything, at one hundred dollars. This reflects that we're an early-stage company offering the Services at an early-stage price.
11. Indemnification
You will defend and indemnify Thread from third-party claims and related losses arising out of your Customer Content, your use of the Services in violation of this Agreement, or your violation of law or someone else's rights. We will let you know of the claim, and you may control its defense, but you may not settle it in a way that imposes obligations on us without our consent.
12. Term and termination
This Agreement applies while you use the Services. You may stop using the Services at any time. We may suspend or terminate your access if you breach this Agreement, fail to pay, or use the Services in a way that creates legal or security risk, or if required by law. On termination, your right to use the Services ends, your data is handled as described in the Privacy Policy, and fees already paid are not refunded. Sections that by their nature should survive (including 4, 5, 7, 8, 9, 10, 11, and 14) will survive.
13. Changes to this Agreement
We may update this Agreement from time to time. If a change is material, we will notify you, for example by email or a notice in the Services. Your continued use after the change takes effect means you accept the updated terms.
14. Governing law and disputes
This Agreement is governed by the laws of the State of Illinois, without regard to its conflict-of-laws rules. Any dispute arising out of or related to this Agreement will be brought exclusively in the state or federal courts located in Cook County, Illinois, and each party consents to their jurisdiction.
15. General
This Agreement is the entire agreement between you and us about the Services and replaces any prior understandings on the subject. You may not assign it without our consent; we may assign it in connection with a merger, acquisition, or sale of assets. If any provision is unenforceable, the rest remains in effect. Our failure to enforce a provision is not a waiver of it. You consent to receive notices from us electronically. We are not liable for delays or failures caused by events beyond our reasonable control. You will comply with applicable export-control laws in your use of the Services.
16. Contact
Thread by M&A Science Inc.
300 N. State St. #3033
Chicago, IL 60654
hello@threadma.com