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Disclaimer

We are very pleased that you are interested in Independent Research and our products. Please bear in mind that all statements made and documents supplied on this web site are for your information only. Content and documents may not be reproduced either in whole or in part or be passed on to any other person.

The information contained in the research publications provided on this web site has been derived from various sources including international news agencies, newspapers and magazines, our own investigation, events, and from talking directly to companies. Although we have carefully examined the information, Independent Research assumes no liability for delay, errors, or omissions for any publication. It cannot be ruled out that documents provided here may be subject to substantial change. Independent Research GmbH has not independently verified the information contained in these documents. Therefore, Independent Research GmbH does not explicitly or implicitly guarantee the balance, accuracy, completeness, or correctness of the information and opinions contained in these documents. The recipient of these documents should not rely on the information and opinions they contain. Neither Independent Research GmbH, the companies described in these documents, nor any other person is liable for any damages resulting from the usage of these documents or the information they contain, nor are they responsible for damages resulting in connection with these documents.

The documents provided on this web site are not in any way intended to be offers for sales or invitations to subscribe to or purchase any securities, nor do these documents or the information they contain form the basis of any contractual obligation or any other obligation. Before buying or selling any securities, please contact your financial broker or asset manager.

Please also take note of the disclaimer included in each report, as it contains information regarding a possible conflict of interests according to section 85 WpHG (German Security Trading Act) at the time of publication.

By making use of this web site or downloading these documents, you agree to be bound by the aforementioned limitations.

 

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