Terms of Service

Mondriot · Version 1.0 · 31 May 2026

1. About these Terms

These Terms of Service (these "Terms") form a legally binding agreement between you and 93 Management and Advisory Ltd ("Mondriot", "we", "our" or "us") setting out the basis on which you may access and use the Mondriot platform at mondriot.com (the "Platform").

By creating an account or using the Platform you confirm that you accept these Terms and agree to be bound by them. If you do not agree, do not use the Platform.

These Terms incorporate our Privacy Notice and Cookie Notice.

2. Who we are

We are 93 Management and Advisory Ltd, a company registered in England and Wales under company number 16123706, with registered office at Worthy House, 14 Winchester Road, Basingstoke, Hampshire RG21 8UQ. Our VAT registration number is 483 5134 84.

You can contact us through the Platform or at the support address shown in your account.

3. Definitions and interpretation

In these Terms:

Account means a candidate account, client representative account, or read-only seat created on the Platform.

Benchmark or Benchmark Report means a compensation analysis generated by the Platform in response to a query you submit.

Candidate means an individual natural person who creates a candidate account to benchmark their own compensation.

Client means a firm (typically a fund manager) that creates a client account to access the Platform's bulk benchmarking and firm features.

Client Data Sharing Agreement means the separate written agreement entered into between us and a Client governing the upload of compensation data by the Client and access by the Client to firm-side features.

Cohort means the aggregate dataset of verified records contributed by users of the Platform and synthetic records modelled by us from market intelligence, used to produce Benchmark Reports.

Content means any text, files, images, data or other materials uploaded to or submitted via the Platform, including compensation submissions and uploaded job specifications.

Token means a unit of credit on your Account redeemable for one Benchmark Report.

Platform has the meaning given in section 1.

Words in the singular include the plural and vice versa. References to a statute include any modification or re-enactment of it.

4. Eligibility and account registration

4.1 Eligibility

You must be at least 18 years of age to use the Platform and to enter into these Terms.

Candidate accounts may only be created by individuals using a personal email address or a work email address at a firm on our pre-authorised domain list. Client accounts may only be created by an individual authorised to act on behalf of the relevant Client.

4.2 Magic link authentication

Authentication is by magic link sent to your email address. You are responsible for keeping your email account secure and for any activity that takes place under your Account as a result of access to your email.

4.3 Accurate information

You agree to provide accurate, current and complete information when creating your Account and to keep that information current.

4.4 One account per user

You may not create more than one candidate account or use more than one email address to circumvent benchmark allowances, the daily rate limit, or the cap on the Free First Benchmark referred to in section 5.4.

5. The service, tokens, and benchmark allowances

5.1 The benchmark service

The Platform allows you to (i) submit your compensation data (in the case of Candidates) or compensation data relating to roles within your firm (in the case of Clients), and (ii) generate Benchmark Reports drawn from the Cohort.

5.2 Submission of compensation data is voluntary

You are not required to submit compensation data to maintain an Account. However, certain features (including the Free First Benchmark and the ability to be benchmarked against the Cohort with your own number as the comparison anchor) require a current compensation submission.

5.3 Tokens and benchmark allowances

Each Benchmark Report consumes one Token from your Account balance. Tokens are granted to your Account in the following ways:

(a) Free First Benchmark. Each new Candidate Account is granted one Token on first successful submission of the Candidate's own current compensation data. The Free First Benchmark is limited to one per verified email domain.

(b) Purchased Tokens under our published pricing — currently the Single Benchmark (one Token), the Annual Premium subscription (twelve Tokens granted on subscription start and on each anniversary, no rollover), the Founder Member purchase (twelve Tokens granted on purchase and on each anniversary, with rollover up to a maximum Account balance of 18 Tokens), and the Subscriber Top-up (additional Tokens available to Annual Premium and Founder Member account holders when the Token balance is zero).

The current Token pricing structure is published on the Platform and may change from time to time on prior notice in accordance with section 14.

5.4 Daily rate limit

You may generate up to three Benchmark Reports per Candidate Account in any rolling 24-hour window. Client representative seats are subject to a rate limit of five Benchmark Reports per seat per rolling 24-hour window. The rate limit applies in addition to your Account's Token balance and is intended to protect the Cohort and the integrity of the Platform.

5.5 Founder Member cap

The Founder Member tier is offered to the first 100 purchasers and will be withdrawn from sale once the cap is reached.

6. Payments, subscriptions, renewals and cancellation

6.1 Payment processor

Payments are processed by Stripe Payments UK Ltd. By making a payment you also accept Stripe's terms of service, which we will signpost at the point of purchase.

6.2 Subscriptions and auto-renewal

Annual Premium is a 12-month subscription that renews automatically on each anniversary unless you cancel before the renewal date. We will email you a reminder before each renewal. The Founder Member purchase is a one-off lifetime membership and does not auto-renew.

6.3 Right to cancel (consumer Candidates only)

If you are a consumer Candidate purchasing as an individual (not in the course of a business), you have a statutory right under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 to cancel a Single Benchmark or Annual Premium purchase within 14 days of purchase ("Cooling-Off Period") and receive a refund.

However, by purchasing and using a Token to generate a Benchmark Report within the Cooling-Off Period, you expressly request supply of the service before the end of the Cooling-Off Period and acknowledge that, by doing so, you lose the right to cancel for that Token. Tokens that remain unused at the end of the Cooling-Off Period remain refundable on request through the Platform.

For the Founder Member purchase, given the substantial lifetime value of the benefit and the lifetime entitlement to refresh, the Cooling-Off Period applies in respect of the purchase price as a whole and any pro-rated portion attributable to Tokens used within the Cooling-Off Period will be deducted from the refund.

6.4 Cancellation of subscriptions

You can cancel an Annual Premium subscription at any time through your Account profile. Cancellation takes effect at the end of the then-current billing period; you retain the use of any remaining Tokens in your balance until the end of that period, at which point the balance resets.

6.5 Refunds outside the Cooling-Off Period

We do not offer refunds for Tokens that have been used or for subscription periods that have begun. We may, in our sole discretion, offer goodwill refunds where the Platform has not functioned as intended.

6.6 Failed payments

If a payment fails, we may suspend access to paid features until the payment is resolved.

6.7 Taxes

Prices on the Platform are inclusive of UK VAT at the prevailing rate where applicable.

7. Client Accounts and trials

Client Accounts operate on a different model. A Client representative requests an Account by completing the firm sign-up form. We may, at our discretion:

(a) grant the Client a free trial allowance (the default being five Tokens, sufficient for one CSV upload of up to five roles);

(b) extend the trial allowance from time to time;

(c) decline to issue an Account, or revoke an Account, where the Client does not appear to be a fund manager or other firm appropriate to the Platform's scope.

A Client wishing to use the Platform beyond the trial allowance must enter into a Client Data Sharing Agreement with us, the commercial terms of which (including subscription fees, seat allocations and benchmark allowances) are agreed bespoke per firm. Pricing for Client subscriptions is not published on the Platform.

For the avoidance of doubt, sections 4, 5 and 6 govern Candidate Accounts and Trial Tokens issued to Client Accounts. Paid Client subscription terms are set out in the relevant Client Data Sharing Agreement.

8. Acceptable use

You agree not to:

(a) use the Platform to benchmark compensation other than (i) your own, in the case of Candidates, and (ii) roles within your firm under a Client Account, in the case of Clients;

(b) submit false, misleading or fabricated compensation data;

(d) scrape, harvest, mine, or otherwise extract systematic copies of Cohort data or any other Platform data through automated or repeated query;

(e) attempt to reverse-engineer, re-identify, or otherwise compromise the de-identification of contribution records described in our Privacy Notice;

(f) use the Platform to develop a competing product or service, or to train any third-party machine-learning model;

(g) share your Account credentials, magic-link tokens, or read-only invitation links with anyone outside your firm's whitelisted domain;

(h) introduce viruses, malicious code, or other harmful material to the Platform;

(i) interfere with the Platform's operation, security or availability, including by attempting to bypass the rate limit or Token-balance controls;

(j) use the Platform for any unlawful, fraudulent or infringing purpose;

(k) impersonate any person, or misrepresent your relationship to a Client firm;

(l) extract Benchmark Reports for the purpose of providing compensation advice to third parties without our prior written consent.

We may suspend or terminate your Account for breach of this section 8 in accordance with section 15.

9. Your Content and licence to us

9.1 You retain ownership of your Content

You retain all intellectual property rights you have in the Content you submit to the Platform.

9.2 Licence to us

You grant us a non-exclusive, worldwide, royalty-free licence to host, store, process, transmit, display and use your Content for the purposes of:

(a) providing the Platform and the Benchmark Reports to you;

(b) where you have consented to candidate cohort contribution, or where Client Data is uploaded under a Client Data Sharing Agreement, including your Content in the Cohort in de-identified form, as described in our Privacy Notice; and

The licence continues for so long as your Content remains on the Platform. If you delete a compensation submission, the licence in respect of that submission ends — save that statistics that have already been incorporated into past Benchmark Reports do not enable re-identification and may continue to be referenced in archival form.

9.3 Your warranties on submission

You warrant that:

(a) you have the right to submit the Content and to grant us the licence in section 9.2;

(b) the Content is accurate, current and submitted in good faith;

(d) where you upload a job specification PDF, you have the right to do so and the document does not infringe any third-party rights or contain confidential information you are not entitled to disclose to us.

9.4 Indemnity for Content

You will indemnify us against any losses, costs (including reasonable legal costs) and liabilities arising from any third-party claim that your Content infringes a third party's intellectual property rights or breaches a confidentiality obligation. This section 9.4 does not apply to Consumers within the meaning of the Consumer Rights Act 2015.

10. Our intellectual property

The Platform, the Benchmark Reports we generate, the Cohort methodology, the Mondriot brand and wordmark, and all software, content, design, layout, text, graphics, illustrations, photographs and other material we make available on the Platform (other than your Content) are owned by us or our licensors and are protected by intellectual property rights.

We grant you a personal, non-exclusive, non-transferable, revocable, royalty-free licence to use the Platform for the duration of your Account, solely for the purposes contemplated by these Terms.

You may download and retain Benchmark Reports you have generated for your own internal compensation purposes (including, in the case of Clients, internal sharing within your firm). You may not reproduce, redistribute, publish or commercially exploit Benchmark Reports without our prior written consent.

Our trade marks may not be used without our prior written consent.

11. Data and privacy

Personal data is processed in accordance with our Privacy Notice, which forms part of these Terms.

In particular, your attention is drawn to section 6 of the Privacy Notice (the Cohort and pseudonymisation) and section 7 (Client-uploaded data and joint controllership for Client Data).

12. Service availability and changes to the Platform

12.1 Availability

We aim to keep the Platform available but do not guarantee uninterrupted access. We may suspend access for scheduled maintenance, emergency repair, or other operational reasons.

12.2 Changes to the Platform

We may modify, withdraw or add features to the Platform at any time. Where a change materially adversely affects your use of paid features, we will provide reasonable prior notice.

13. Disclaimers

13.1 Information, not advice

The Platform and Benchmark Reports are provided for information and benchmarking purposes only. They do not constitute financial, legal, tax, recruitment, employment, career or any other form of advice. You should not rely on a Benchmark Report as the sole basis for any decision relating to your compensation, employment, or any other matter. You should obtain independent professional advice as appropriate.

13.2 Cohort depth and confidence

Benchmark Reports are drawn from a Cohort that is matched to your filter criteria. Where the matched Cohort is small or comprised wholly or partly of synthetic records, we indicate this through the strength label and the cohort provenance footer on each Benchmark Report. You acknowledge that the precision and reliability of any Benchmark Report depends on the depth and quality of the matched Cohort, and that small or synthetic Cohorts produce indicative rather than authoritative results.

13.3 As-is service (subject to consumer rights)

Except as set out in section 13.4, and to the extent permitted by law, we provide the Platform on an "as is" and "as available" basis without warranties of any kind, whether express or implied (including warranties of merchantability, fitness for a particular purpose, and non-infringement).

13.4 Consumer rights

If you are a consumer Candidate, you have certain statutory rights under the Consumer Rights Act 2015 in relation to the supply of digital content and services. Nothing in these Terms affects those rights.

14. Limitation of liability

14.1 No exclusion of certain liabilities

Nothing in these Terms excludes or limits our liability for:

(a) death or personal injury caused by our negligence;

(b) fraud or fraudulent misrepresentation;

(d) for consumer Candidates, any statutory rights under the Consumer Rights Act 2015 and other consumer protection legislation that cannot lawfully be excluded.

14.2 No liability for indirect losses (B2B only)

Subject to section 14.1, we will not be liable to a Client for any:

(a) loss of profits, revenue, business opportunity, anticipated savings or goodwill;

(b) loss of, or damage to, data;

(d) losses arising from a Client's reliance on a Benchmark Report in any compensation, hiring or employment decision; or

(e) losses arising from third-party services on which the Platform depends (including Stripe, Supabase, Vercel, LinkedIn).

14.3 Aggregate cap (B2B only)

Subject to section 14.1, our total aggregate liability to a Client under these Terms (and any Client Data Sharing Agreement) in any 12-month period shall not exceed the greater of (i) the fees paid by the Client to us in the 12 months preceding the event giving rise to the liability, and (ii) £1,000.

14.4 Liability to consumers

For consumer Candidates, our liability for breach of these Terms is limited to losses that are reasonably foreseeable. We are not liable for losses that are not reasonably foreseeable as at the date you accept these Terms.

15. Term, suspension and termination

15.1 Term

These Terms apply from the moment you create an Account and continue until terminated in accordance with this section 15.

15.2 Termination by you

You may terminate your Account at any time through the Account profile or by emailing us. Termination ends your right to use the Platform; section 6 governs refunds.

15.3 Suspension or termination by us

We may suspend access to or terminate your Account immediately on written notice if:

(a) you materially breach these Terms (including a breach of section 8);

(b) we reasonably suspect fraud, abuse, or misuse of the Platform;

(d) we cease to offer the Platform.

Where the breach is capable of remedy and we consider that proportionate, we will give you reasonable notice and an opportunity to remedy the breach before terminating.

15.4 Consequences of termination

On termination:

(a) your right to access the Platform ends;

(b) we will, on request and in our discretion, refund any unused, unconsumed Token balance attributable to a fixed-price purchase (e.g. unused Single Benchmark Tokens); we will not refund subscription fees attributable to past or current billing periods, or the lump-sum Founder Member fee, except where required by law;

(d) sections 9.2, 9.3, 9.4, 10, 11, 13, 14, 17 and 19 survive.

16. Changes to these Terms

We may amend these Terms from time to time. Where the amendment is material, we will give you reasonable prior notice by email and prominent notice on the Platform. Continued use of the Platform after the effective date of an amendment constitutes your acceptance of the amended Terms. If you do not accept an amendment, your remedy is to terminate your Account before the effective date.

17. Future demerger to Mondriot Ltd

We currently operate Mondriot within 93 Management and Advisory Ltd. We intend in due course to demerge the Mondriot business into a dedicated entity (provisionally "Mondriot Ltd").

By accepting these Terms, you consent to the transfer (by novation or by other lawful means) of these Terms, your Account, and the Privacy Notice obligations from 93 Management and Advisory Ltd to Mondriot Ltd or its successor entity at the time of demerger. We will give you advance notice of the transfer date and you will retain all rights under these Terms and the Privacy Notice as against the new entity from that date.

18. General

18.1 Entire agreement

These Terms, together with the Privacy Notice and the Cookie Notice and (in the case of Clients) the Client Data Sharing Agreement, form the entire agreement between us in relation to the Platform.

18.2 No reliance

You confirm that, in entering into these Terms, you have not relied on any statement, representation, warranty or undertaking that is not expressly set out in these Terms.

18.3 Assignment

You may not assign or transfer your rights or obligations under these Terms without our prior written consent. We may assign or transfer ours, including pursuant to a corporate transaction or the demerger contemplated in section 17.

18.4 No waiver

Failure to enforce any right under these Terms is not a waiver of that right.

18.5 Severance

If any provision of these Terms is found to be unenforceable, the remaining provisions continue in full force.

18.6 No third-party rights

These Terms are not enforceable by any person who is not a party to them under the Contracts (Rights of Third Parties) Act 1999, save that Mondriot Ltd (when incorporated) shall be entitled to enforce these Terms as if it were a party.

18.7 Notices

We may give you notice by email to the address registered on your Account. You may give us notice through the Platform or at the support address shown in your account.

19. Governing law and jurisdiction

19.1 Governing law

These Terms and any non-contractual obligations arising in connection with them are governed by the laws of England and Wales.

19.2 Jurisdiction

The courts of England and Wales have exclusive jurisdiction to settle any dispute arising out of or in connection with these Terms, save that, if you are a consumer Candidate domiciled elsewhere in the United Kingdom, you may bring proceedings in the courts of the part of the United Kingdom in which you are domiciled.