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Terms of Sale

Agreed terms  

Acceptance. Unless the Client has entered into a written agreement with Capital Economics, these terms apply to all Services provided by Capital Economics to the Client. The Client accepts these terms by accepting a Quote Proposal in writing. Where the Client has not accepted a Quote Proposal in writing, payment of the relevant invoice or continued receipt of the Services constitutes acceptance of these terms. 

1. Interpretation 

1.1. Definitions 

Affiliate: any entity that directly or indirectly controls, is controlled by or is under common control with the Client.  

Agreement: means the agreement for the provision of Services to the Client by Capital Economics upon the terms and conditions set out in these Terms and Conditions of Sale and includes all Quote Proposals issued under it.  

AI-Enhanced Services: features of the Services that use artificial intelligence, machine learning, or similar technologies to retrieve, summarise, analyse, or present Data or other content. AI-Enhanced Services are part of the Services and subject to the same terms.  

Authorised Users: the authorised users of the Services in the team/department/location set out in the Quote Proposal.   

Commencement Date: the date on which the Services will commence as set out in the Quote Proposal. 

Data: the reports, analysis, publications, databases and other information including proprietary data in the form of forecasts, values and indices, made available to the Client as part of the Services.  

Data Extraction Services: Capital Economics’ API (including any content delivery API), spreadsheet plugins, or any other functionality that enables automated or bulk transfer of Data into the Client’s own systems, platforms, models, or storage.  

Derived Data: any data, product, index, instrument, service or work product that is created using or incorporating the Data, in whole or in part, and is made available, distributed, sold, or licensed to a third party outside the Client’s organisation.  

Expiry Date: the date upon which the Services will expire as set out in the Quote Proposal. 

Further Term: each renewal period following the Initial Term.  

Initial Term: the initial subscription period from the Commencement Date to the Expiry Date.  

Intellectual Property Rights: patents, rights to inventions, copyright and related rights, moral rights, trade-marks and service marks, business names and domain names, rights in get-up, goodwill and the right to sue for passing off, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how and trade secrets) and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.  

Quote Proposal: the document issued by Capital Economics specifying the Services, fees, Term, Authorised Users and other commercial terms applicable to the Client’s subscription, or where no such document is issued, the confirmation email setting out those terms. 

Services: the services provided by Capital Economics to the Client as set out in a Quote Proposal. 

Term: the period during which Services are being provided comprising the Initial Term and any Further Terms.  

1.2. Interpretation  

Clause headings shall not affect the interpretation of this Agreement.  

The Schedule forms part of this Agreement and shall have effect as if set out in full in the body of this Agreement. Any reference to this Agreement includes the Schedule.  

2. Services and Licence 

2.1. Subject to the terms of this Agreement, Capital Economics agrees to provide the Client with the Services set out in a Quote Proposal. Strictly for internal purposes only, Capital Economics hereby grants to the Client a non-exclusive, non-transferable right, without the right to grant sub-licences, to allow the Authorised Users to use the Services during the Term and to view and download the Data.  

2.2. Client will indemnify Capital Economics from and against all claims, liabilities, demands, proceedings, losses, penalties, costs and expenses suffered or incurred by Capital Economics arising from any third-party claim made against Capital Economics to the extent arising from breach by the Client of Clauses 2.1 and/or 5.2 to 5.5 inclusive.   

3. Services  

3.1. The Services are set out in individual Quote Proposals. Multiple Services may be active under this Agreement at the same time.  

3.2. In the event of any conflict between the terms of the main body of this Agreement and the terms of a Quote Proposal, the terms of the main body of this Agreement shall prevail to the extent of the inconsistency, unless the Quote Proposal expressly states that it is intended to vary a specific term of the main body of this Agreement with respect to the Services covered by that Quote Proposal. In the event of any conflict between the terms of the main body of this Agreement and Schedule 1 (Data Terms of Use), Schedule 1 shall prevail to the extent of the inconsistency.  

4. Term and Renewal 

4.1. This Agreement shall be effective from the Commencement Date. This Agreement shall continue in force for so long as any Services are being provided.   

4.2. Each provision of Services shall be for one year. Unless otherwise stated in the Quote Proposal, the provision of Services will automatically renew without notice or reissue, subject to clause 4.3, on the same terms on the expiry of its Initial Term and each Further Term thereafter for further periods of one (1) year, unless either party has served a written notice of termination on the other no later than ninety (90) days prior to the expiry of the Initial Term or any Further Term.  

4.3. For each Further Term where the scope of the Services remains unchanged, the annual fees will be adjusted upwards by the escalation rate set out in the Quote Proposal, or where no rate is stated, by 5%. No renewal Quote Proposal will be issued and payment of the relevant invoice or continued receipt of the Services following the start of the Further Term constitutes acceptance of that Further Term. 

4.4. Where the scope of the Services changes upon renewal, Capital Economics will issue a new Quote Proposal confirming the fees, scope, and term for the Further Term. The new Quote Proposal supersedes the previous Quote Proposal with respect to those Services. Payment of the relevant invoice or continued receipt of the Services following issue of a Quote Proposal constitutes acceptance of that Quote Proposal.   

5. Intellectual Property  

5.1. Capital Economics and/or its licensors retain all Intellectual Property Rights in the Services. Access to or downloading of the Data does not transfer any ownership of, or Intellectual Property Rights in, the Data to the Client.  

5.2. Client may not create Derived Data. For the avoidance of doubt, the Client’s use of the Data as an input into the Client’s own internal models, analyses, frameworks, and decision-making processes does not constitute the creation of Derived Data, provided the outputs are used solely for the Client’s own internal purposes and are not made available to third parties. This permission does not entitle the Client to derive, reconstruct, or reverse-engineer Capital Economics’ forecasts, models, or methodologies. 

5.3. Client may not distribute or resell the Services including the Data. Client may not allow the Services or the Data to be used other than by the Authorised Users. Client may not remove any proprietary notices, other notices or disclaimers from the Data.  

5.4. Authorised Users are permitted to use a reasonable amount of Data for the purpose of charting in their own presentations whether for internal or external use, provided that Capital Economics is credited as the source of the Data. Such use is limited to discrete, non-recurring presentations and does not extend to the incorporation of Data into recurring publications, periodic reports distributed to third parties, or materials produced for commercial distribution, unless expressly agreed in writing. 

5.5. Subject to clause 5.2, the use of the Data for the purpose of training, developing, enhancing, or prompting an artificial intelligence system, language model, or machine learning tool, whether public or private, including any use that contributes to the training or fine-tuning of a third-party model, is prohibited, whether for internal or external purposes, unless expressly agreed in writing. This prohibition includes the use of any such tool to derive, reconstruct, or reverse-engineer Capital Economics’ forecasts, models, or methodologies.  

5.6. Capital Economics may use the Client’s company logo for its marketing purposes unless the Client informs Capital Economics in writing that it may not do so.  

6. Fees and Payment  

6.1. The fees for the Services are as stated in each Quote Proposal. The fees are exclusive of value added tax, goods and services tax and all other sales taxes (“Taxes”). Client shall pay all Taxes due subject to the receipt from Capital Economics of an appropriate invoice. For the avoidance of doubt, Taxes shall be charged at the applicable rate due at the time of supply as determined by the applicable law relating to such Taxes.   

6.2. Capital Economics may invoice at any time after the Client has accepted the Quote Proposal. Where the Services have commenced prior to such acceptance, Capital Economics may invoice at any time after the Commencement Date, provided that the Client has confirmed in writing its agreement to the Services and fees, whether by purchase order, confirmation email, or other written confirmation. Where the provision of Services renews under Clause 4.2, Capital Economics may invoice for the Further Term at any time prior to its commencement. 

6.3. Payment terms are 14 days from the date of invoice unless otherwise stated in the Quote Proposal. Payment must be made in the currency stated in the invoice. Payment must be made by electronic bank transfer to the account specified by Capital Economics. Capital Economics does not accept payment by cheque.   

6.4. If Client does not pay in full in accordance with the agreed payment terms Capital Economics may (i) charge interest on the amount outstanding from the due date to the date of receipt by Capital Economics at a rate of 5% per annum, calculated on a daily basis; and/or (ii) suspend delivery of further Services.   

7. Confidentiality  

7.1. Each party shall treat as confidential all information obtained from the other party in connection with this Agreement that is not publicly available, including commercial terms, pricing, product plans, and the terms of this Agreement.  

7.2. Each party may disclose confidential information to its employees, agents, and contractors (including providers of technology systems used in the ordinary course of business) to the extent necessary for the performance of this Agreement, provided that such recipients are bound by obligations of confidentiality no less protective than those in this Clause 7.  

7.3. This obligation of confidentiality as set out in this Clause 7 does not apply to information that: (a) is or becomes publicly available through no fault of the receiving party; (b) was already known to the receiving party prior to disclosure; (c) is independently developed by the receiving party without reference to the disclosing party’s confidential information; or (d) is required to be disclosed by law, regulation, or court order, provided the receiving party gives prompt notice to the disclosing party where legally permitted.  

7.4. The obligations in this Clause 7 survive termination or expiry of this Agreement for a period of two (2) years.  

8. Liability  

8.1. Whilst the Services are provided with all reasonable skill and care, they comprise the subjective views of Capital Economics’ economists. Accordingly, Client agrees:  

a). where the Services are the provision of a presentation, project or consultancy, Client will not resell the substance of the outcome in whole or in part outside of Client’s organisation;  

b). Client has determined to purchase the Services and how to utilise them, both in its professional judgement, and Capital Economics will have no liability to Client for any actions or inaction it may take as a result of receiving the Services;   

c). the Services, however delivered, do not constitute investment or financial advice nor are they any guarantee or reassurance as to the expected results of any investment product or outcome;   

d). where Capital Economics’ economists offer their views in response to a question posed by Client, this is a general view only, not specific advice, and Client should seek its own specific advice in relation to the question posed;   

e). Capital Economics is not acting as Client’s advisor; and  

f). Capital Economics makes no warranty that the Services are complete, current or accurate and Client should not rely on them as such.  

8.2. Capital Economics warrants:   

a). That it complies with industry standard security best practice and holds Cyber Essentials certification;  

b). That it maintains an enforced security patching policy that applies to all its employees’ computers;  

c). That it maintains up to date industry standard antivirus software on all its employees’ computers;  

d). That any defects, inaccuracies, failures or errors on its website or platform will be investigated; and 

e). That any disruption in service will be corrected as soon as possible.  

8.3. Capital Economics will not in any circumstances be liable for faults, interruptions, loss of service or any other losses resulting from third party distribution.  

8.4. Except as provided in this Agreement, all warranties, conditions and other terms implied by statute or common law are excluded to the fullest extent permitted by law. Capital Economics does not warrant that the Services, platform, or Data are free from viruses or other malicious code.  

8.5. Neither party will be liable, whether in tort (including for negligence or breach of statutory duty), contract, misrepresentation or otherwise for any loss of profits, income, business goodwill or similar losses or for any loss of goods, use or loss of or corruption of data or for any special, indirect, or consequential or pure economic loss, costs, damages, charges or expenses.  

8.6. Other than liability under an indemnity which shall not be limited by this clause, each party’s total liability to the other in contract, tort (including negligence or breach of statutory duty), misrepresentation, restitution or otherwise, arising in connection with the provision of the Services and this Agreement is limited to the fees paid by Client for Services in the twelve (12) months preceding the date of the claim.    

8.7. The above provisions set out each party’s entire financial liability to the other (including any liability for the acts or omissions of each party’s employees, agents and sub-contractors). Nothing in this Agreement excludes liability for death or personal injury or any other liability that cannot be excluded in law.  

9. Data Protection  

9.1. Each party shall comply with its obligations under applicable data protection legislation in connection with the performance of this Agreement.  

9.2. Capital Economics may process information relating to the Client’s personnel and representatives (including names, contact details, and professional roles) for the purpose of managing the commercial relationship, delivering the Services, and improving its internal operations. Such processing will be conducted in accordance with Capital Economics’ Privacy Notice found at Terms & Privacy | Capital Economics and applicable data protection legislation.  

10. AI-Enhanced Services  

10.1. Where the Services include AI-Enhanced Services the features of such AI-Enhanced Services are provided as a convenience to assist the Client in navigating Capital Economics’ content. Outputs from such features reflect Capital Economics’ published views and data but may contain errors in retrieval or summarisation. The Client should verify any output against the underlying published research. The provisions of Clause 8 apply to such features in the same manner as all other Services.  

10.2. Capital Economics may modify, restrict, or withdraw AI-Enhanced Services where reasonably required to comply with applicable law or regulation, giving written notice to the Client where practicable. Such modification does not constitute a breach of this Agreement and does not entitle the Client to any reduction in fees, provided the Services as a whole remain materially unaffected.  

10.3. Capital Economics may process Client inputs to AI-Enhanced Services, including queries and prompts, to provide, secure, support, and improve the Services, including through third-party technology providers bound by obligations of confidentiality consistent with Clause 7. Any use of Client inputs to improve the Services will be on an aggregated and de-identified basis that does not disclose Client confidential information or identify the Client or its Authorised Users. Neither Client inputs nor any Client confidential information processed by Capital Economics will be used to train or fine-tune any artificial intelligence model made available to any other customer, nor made publicly available or disclosed except as permitted under Clause 7.  

11. Force Majeure  

If Capital Economics is prevented from or delayed in providing the Services due to circumstances outside of its reasonable control (a Force Majeure Event) it will be excused from providing the Services whilst the Force Majeure Event continues provided that it notifies the Client in writing and uses reasonable endeavours to reduce the impact. A Force Majeure Event shall include currency and/or trade restrictions, embargo and sanctions.  

12. Assignment   

Neither party may assign, transfer, or deal in any other manner with any or all of its rights and obligations under this Agreement without the other party’s prior written consent, such consent not to be unreasonably withheld. This restriction does not apply to an assignment to an Affiliate or successor entity in connection with a merger, acquisition, disposal, corporate reorganisation, or change of control, provided the assignee assumes all obligations under this Agreement and the assigning party notifies the other party in writing within thirty (30) days of the assignment.  

13. Usage Verification   

13.1. Capital Economics may, no more than once in any twelve (12) month period, request that the Client confirms in writing that its use of the Services and Data is consistent with the terms of this Agreement, including the licensed scope set out in the relevant Quote Proposal. The Client shall provide such confirmation within thirty (30) days of the request.   

13.2. Where the confirmation indicates usage beyond the agreed terms, the Client shall be liable to pay Capital Economics a fee calculated on the basis of the fees that should have been paid for the actual use of the Services and Data during the period of non-compliance.  

13.3. If the Client fails to provide confirmation within the thirty (30) day period, Capital Economics may suspend delivery of the Services until such confirmation is received.  

14. Termination  

14.1. Without affecting any other right or remedy available to Capital Economics and notwithstanding the provisions of Clause 4, Capital Economics may terminate this Agreement and all Services with immediate effect by giving written notice to Client if Capital Economics is prohibited from continuing to provide the Services or there is a risk Capital Economics may become prohibited from continuing to provide the Services due to currency and/or trade restrictions, embargo and sanctions.  

14.2. Without affecting any other right or remedy available to either party, either party may terminate this Agreement and all or any Services with immediate effect by giving written notice to the other if:  

a). the other commits a material breach of any term of this Agreement which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a period of 14 days after being notified in writing to do so; or  

b). the other enters into insolvency or similar proceedings.   

14.3. Upon termination or expiry of Services, Client must pay all outstanding invoices in respect of those Services. The Client’s obligations regarding the handling and deletion of Data upon termination or expiry are set out in Schedule 1 (Data Terms of Use).   

14.4. Termination of particular Services does not automatically terminate this Agreement or any other active Services. This Agreement terminates when no Services are being provided, unless terminated earlier under this Clause 14.  

14.5. Termination or expiry will not affect any accrued rights or liabilities, or the continuation of any term stated or required to survive termination. The following clauses shall survive termination or expiry: 5 (Intellectual Property), 6 (Fees and Payment), 7 (Confidentiality), 8 (Liability), 9 (Data Protection), 10.3 (Client Inputs to AI-Enhanced Services), 13 (Usage Verification), 14.3 (Payment and handling obligations on termination), 17.1 (Sanctions Warranty and Indemnity), 17.7 (Entire Agreement), 17.8 (No Waiver), 17.9 (Governing Law) and Schedule 1, section 4 (Data Handling on Termination).  

15. Additional Terms Applicable to Certain Services   

As applicable:  

15.1. Where Capital Economics’ economists respond to a question posed by the Client, whether in a meeting, event, or written communication, this is a general view only, not specific advice, and the Client should seek its own specific advice in relation to the question posed, should this be required.  

15.2. Product support is available via Capital Economics’ support team. Capital Economics cannot guarantee availability within any specific timeframe but will seek to ensure that requests are dealt with in an appropriate time relating to the issue in question.   

15.3. Use of Capital Economics’ API and Data Extraction Services is as per the terms set out in Schedule 1 (Data Terms of Use).  

16. Notices   

16.1. Any notice given to a party under or in connection with this Agreement must be in writing and sent by email to support@capitaleconomics.com. Notices to the Client shall be sent to the email address set out in the Quote Proposal. Any notice shall be deemed to have been received upon sending, provided no delivery failure notice is returned to the sender.  

16.2. Either party may update its notice email address by written notice to the other party. 

16.3. This clause does not apply to the service of any proceedings or other documents in legal action.  

17. General  

17.1. Sanctions. Client warrants to Capital Economics that (i) it holds all necessary approvals and licences to operate, (ii) it is not included on the US Specially Designated Nationals and Blocked Persons List or any equivalent sanctions list of the UK, EU or applicable country (together, the Sanctions Lists) and (iii) it is not owned or controlled or acting for or on behalf of any person or entity which is included on any Sanctions List. Client will indemnify Capital Economics from and against all claims, liabilities, demands, proceedings, losses, penalties, costs and expenses suffered or incurred by Capital Economics arising out of or in connection with any breach of this warranty.   

17.2. Anti-bribery. Each party warrants that it has not offered, given, or agreed to give any improper payment or benefit in connection with this Agreement and will not do so during its term.  

17.3. Severability. If a court decides that any provision in this Agreement is invalid or unenforceable the remaining provisions will remain in full force and effect.  

17.4. Third-party rights. No term contained in this Agreement is intended to confer a benefit on or be enforceable by a third party. Capital Economics will only provide Services to the company and location stated in the relevant Quote Proposal and Client may not transfer the benefit of the Services to anyone else.   

17.5. Third-party suppliers. Client agrees to abide by any reasonable additional terms and conditions Capital Economics may impose from time to time in writing as are required by its third-party suppliers. Capital Economics will provide the Client with written notice of any such terms. If these are not acceptable to Client, Client may terminate this Agreement by written notice to Capital Economics. Such third-party suppliers shall have no liability to the Client whatsoever.  

17.6. Terms update. Capital Economics may update the terms of this Agreement from time to time. The current version is published at Terms of Sale | Capital Economics . Updated terms apply automatically from the start of the next Further Term. Continued receipt of the Services following the start of that Further Term constitutes acceptance of the updated terms. 

17.7. Entire agreement. This Agreement, together with the Schedules and all Quote Proposals issued under it, constitutes the entire agreement between the parties and supersedes all previous agreements, understandings, and arrangements between them, whether written or oral, relating to its subject matter. Each party acknowledges that it has not entered into this Agreement in reliance on any representation, warranty, or undertaking that is not expressly set out in this Agreement.  

17.8. No waiver. A failure or delay by either party to exercise any right or remedy under this Agreement shall not constitute a waiver of that right or remedy. A waiver of any right or remedy under this Agreement is only effective if given in writing and shall not be deemed a waiver of any subsequent breach or default.  

17.9. Governing law. This Agreement and any disputes or claims arising out of it shall be governed by English law. Both parties agree that the English courts shall have exclusive jurisdiction to hear any such disputes and claims.  

SCHEDULE 1: DATA TERMS OF USE  

This Schedule governs how Data provided by Capital Economics may be handled, stored, and used when it is accessed or extracted from Capital Economics’ platform or services. These terms exist to protect the integrity and value of Capital Economics’ Intellectual Property Rights which form the basis of the Services provided under the Agreement. All clients are asked to agree to these terms as part of the Agreement. 

The following provisions apply to all clients: Section 1 (Scope), Section 2 (Permitted Use), and Section 4 (Data Handling on Termination or Expiry). 

Sections 3 (Compliance Verification) and 5 (Data Extraction Services) apply only where the Client accesses Data through Data Extraction Services. 

1. Scope  

1.1. These terms apply from the point at which the Client first accesses the Services, whether or not the Client uses Data Extraction Services at the Commencement Date. Where the Client activates a Data Extraction Service at any subsequent point during the Term, the provisions applicable to Data Extraction Services take effect from the date of first access to that service.  

2. Permitted Use  

2.1. The permitted use restrictions set out in Clauses 2.1, 5.2, 5.3, and 5.5 of this Agreement apply to all Data accessed or extracted under this Schedule.   

2.2. Where the Client uses Data Extraction Services, the Client is responsible for ensuring that Data transferred into its own systems, platforms, models, or storage is subject to access controls consistent with the licensed scope granted under this Agreement. Data extracted via Data Extraction Services may not be made available to users or systems beyond those authorised under this Agreement.  

3. Compliance Verification  

3.1. Where the Client uses Data Extraction Services, Capital Economics reserves the right to verify the Client’s compliance with this Agreement in relation to the use, storage, and handling of Data extracted into the Client’s own systems. Capital Economics may undertake such verification no more than once in any eighteen (18) month period and will provide the Client with no less than fourteen (14) days’ written notice.  

3.2. The scope of any verification is limited to the flow, storage, and use of Data within the Client’s systems. Capital Economics will not require access to any systems, data, or information unrelated to the Client’s use of Data and Services. Verification is concerned specifically with confirming that Data is used within the agreed use cases, that access is limited to Authorised Users, and that Data has not been transferred to unauthorised systems or repositories. Where no data flow beyond the platform is identified, no further verification activity will be required. Where requested by the Client, Capital Economics will enter into a non-disclosure agreement on reasonable terms prior to the commencement of any verification.  

3.3. Verification may be conducted by one of the following methods, as agreed between the parties: an onsite walkthrough of relevant systems and controls; a virtual review conducted by video call in which the Client demonstrates how Data is accessed and used; or an independent third-party auditor appointed by Capital Economics and approved by the Client, such approval not to be unreasonably withheld.  

3.4. Each party shall bear its own costs associated with verification, unless the verification reveals non-compliance by the Client, in which case the Client shall bear the reasonable costs incurred by Capital Economics.  

3.5. Where non-compliance is identified, the Client shall be liable to pay Capital Economics a fee calculated on the basis of the fees that should have been paid for the actual use of the Data and Services during the period of non-compliance.  

3.6. Nothing in this Section 3 limits or affects the verification right set out in Clause 13 of the Agreement, which applies to all Clients regardless of whether Data Extraction Services are used.  

4. Data Handling on Termination or Expiry  

4.1. Upon termination or expiry of Services or this Agreement, the Client must cease all use of Data accessed or extracted. Other than Data used in presentations as permitted under Clause 5.4 of this Agreement, the Client must delete all Data from its systems, databases, models, and any other storage media. Upon written request from Capital Economics, the Client shall confirm the deletion of Data in writing within thirty (30) days of the request. Such confirmation shall be provided by an authorised representative of the Client.   

4.2. Where the Client uses Data Extraction Services, the Client must additionally confirm that Data obtained through such services has been removed from any systems, platforms, models, dashboards, or automated workflows into which it was integrated. This obligation extends to any copies, derivatives, or cached versions of the Data, howsoever stored.   

4.3. Where the Client is subject to regulatory or legal requirements that mandate the retention of certain records, the Client shall notify Capital Economics in writing of the specific retention obligation and the Data to which it applies. Such retained Data may not be used for any commercial, analytical, or operational purpose and remains subject to the confidentiality and intellectual property provisions of this Agreement. This exception does not constitute a licence to continue using the Data beyond the Term.   

4.4. The obligations in this Section 4 survive termination or expiry of the relevant Services and this Agreement.   

5. API and Data Extraction Services  

5.1. Capital Economics may change, amend, or withdraw the API or any data integration tool at any time on reasonable written notice to the Client. If Capital Economics withdraws a Data Extraction Service, the licence granted in respect of that service ceases automatically on the date of withdrawal.  

5.2. The Client shall not use any Data Extraction Service in a manner that places unreasonable demand on Capital Economics’ infrastructure, including excessive frequency of requests or bandwidth consumption. Capital Economics reserves the right to impose or adjust technical limits on usage at any time and will notify the Client of any such limits.  

5.3. Capital Economics may monitor the Client’s use of Data Extraction Services to ensure compliance with this Agreement and to maintain service stability. Such monitoring is limited to usage patterns, request volumes, and data flows, and does not extend to the content of the Client’s own systems or data.  

5.4. Data Extraction Services are provided on an ‘as is’ basis. Capital Economics does not warrant that any Data Extraction Service will be uninterrupted, error-free, or compatible with the Client’s systems. Capital Economics will use reasonable endeavours to maintain availability but accepts no liability for interruptions, delays, or incompatibilities arising from the Client’s systems or third-party infrastructure.  

Updated 26th August 2026