Terms of Use

Code of Honor

I will not receive unauthorized aid in using the Learning Tool;

I will not make decisions, data, materials, or screenshots from the Learning Tool available to anyone other than my teammates and instructor; and

I will report Honor Code violations to my instructor; and/or Marketplace Simulations.




Terms of Use

Agreement between the user and Marketplace Simulations

Welcome to the Marketplace Simulations website. Innovative Learning Solutions, Inc. DBA Marketplace Simulations (referred to in these Terms of Use as “Marketplace Simulations,” “we,” or “us”) operates a number of web sites (each a "Site" and, collectively, the “Sites”), including the web pages located on the following domains:

  • marketplace-simulation.com
  • marketplacesimulation.com
  • business-simulation.com
  • marketplace-live.com
  • ilsworld.com

and all of their respective subdomains and web sites.

Marketplace Simulations offers several learning applications (the “Learning Tools”) on the Sites. These Learning Tools include Marketplace® business simulation, and Marketplace Microsimulations® that are hosted on the Sites.

Marketplace Simulations requires you to use a modern web browser in order to access or use the Sites or the Learning Tools. For purposes of the preceding sentence, a “modern web browser” is defined as the two most recent versions of the following web browsers: Google Chrome, Edge, Safari, Firefox.

By clicking to accept or agree to the Terms of Use when this option is made available to you, you signify your agreement to these Terms of Use and Marketplace Simulations’ Honor Code and Privacy Policy, which are incorporated herein by reference. The use of the Site is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein (the "Terms"). Your use of the Site constitutes your agreement to all such Terms. Please read these terms carefully, and keep a copy of them for your reference.

Marketplace Simulations does not knowingly collect, either online or offline, personal information from persons under the age of thirteen (13). If you are under eighteen (18), you may use the Site only with permission of a parent or guardian.

Marketplace Simulations reserves the right, in its sole discretion, to change the Terms under which the Site is offered. The most current version of the Terms will supersede all previous versions. Marketplace Simulations encourages you to periodically review the Terms to stay informed of our updates.

1. Payment of license fee

Payment of a license fee is required for each person who participates in the Learning Tools. As a convenience to the participants and instructor, the total cost of using the Learning Tool is broken down into a per-person fee or per-team fee. Every person on a team must purchase the legal right to participate in any of the Learning Tools.

Marketplace® business simulation: the Learning Tool cannot be restarted from the beginning unless an additional license fee is paid.

Marketplace Microsimulations®: the Learning Tool can be restarted from the beginning. The number of restarts is not limited.

You have no authorization to resell the license unless specifically permitted by Marketplace Simulations.

2. Term and Data Retention

Students' accounts are valid starting upon payment of the license fee and ending eight weeks after the due date set by the instructor to complete the Learning Tool. We reserve the right to grant extended access to student accounts on a case by case basis.

The usage schedule for the Learning Tool can last up to 18 months from its design by the instructor.

We keep the non-personally identifiable information data on the servers for a maximum of 4 years.

3. Conduct on the Site

All students using the Site must agree to abide by the Honor Code. In addition, unless inconsistent with the Honor Code, users may not:

  1. defame, abuse, harass, stalk, threaten or otherwise violate the legal right of others;
  2. publish, post, upload, distribute or disseminate any inappropriate, profane, defamatory, infringing, obscene, indecent or unlawful topic, name, material or information;
  3. upload files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another person's computer;
  4. download any file posted by another user that you know or reasonably should know, cannot be legally distributed in such matter,
  5. falsify or delete any author attributions, legal or other proper notices or proprietary designations or labels of the origin or source of software or other material contained in a file that is uploaded;
  6. restrict or inhibit any other user from using and enjoying the Site;
  7. provide any information about yourself that is false, inaccurate, outdated, or incomplete (including, without limitation, fake email addresses);
  8. impersonate or attempt to impersonate Marketplace Simulations, a Marketplace Simulations employee, another user, or any other person or entity (including, without limitation, by using email addresses associated with any of the foregoing);
  9. attempt to obtain or obtain access to the Site as an instructor, teacher, professor, teaching assistant, or administrator, if you are a student;
  10. use the Site, or any of its content, in conjunction with any artificial intelligence technology to create, design, and formulate decisions for the use in the Learning Tools.

Marketplace Simulations permits the use of screen shots or exported data as specified by professors and when consistent with these Terms and Code of Honor. Your rights to use the intellectual property from the Site are further specified in Section 9, below.

4. Security of passwords

You agree to provide true, accurate, current, and complete information about yourself as requested in the registration process and to update your information. You may not reveal your subscription password to anyone else and you may not use anyone else's password to access the Service. You are solely responsible for maintaining the confidentiality of your password, and agree that Marketplace Simulations will have no obligations with regard thereto.

You may not assign or otherwise transfer your account to any other person or entity. You acknowledge that Marketplace Simulations is not responsible for third party access to your account that results from theft or misappropriation of your account. Marketplace Simulations and its associates reserve the right to refuse or cancel service, terminate accounts, or remove or edit content in our sole discretion.

5. Return Policy

Please contact our Ordering Department at [email protected] or +1 (865) 522 3167 and indicate your desire to return any unused student license. The unused license can be returned within 60 days of purchase. If a student license is returned, it will be deactivated and it will no longer be valid for participation in any Learning Tool. We cannot accept returns for a license used for more than two quarters and/or periods of play.

6. Links to third party sites/Third party services

The Sites may contain links to other websites ("Linked Sites"). The Linked Sites are not under the control of Marketplace Simulations and Marketplace Simulations is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. Marketplace Simulations is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by Marketplace Simulations of the Site or any association with its operators.

7. Content submitted to the Site

By submitting content for use with, through or on the Site, you represent and warrant that: (i) you have full right and power to enter into and perform under these Terms, and have secured all third-party consents, licenses and permissions necessary to enter into and perform under these Terms; (ii) the content that you submit will not infringe on any third party's copyright, patent, trademark, trade secret or other proprietary rights, rights of publicity or privacy or moral rights; and (iii) the content that you submit is not and will not violate any law, statute, ordinance or regulation.

By submitting content to us, you grant Marketplace Simulations, our affiliates, and our business partners worldwide, royalty-free, nonexclusive license to use, reproduce, publicly perform, publicly display, broadcast, encode, translate, transmit, distribute, and synchronize your content, in whole or in part, through any medium.

8. Indemnification

To the extent permitted by the law applicable to you and without waiving sovereign immunity, you agree to indemnify, defend and hold harmless, Marketplace Simulations and its officers, directors, shareholders, employees, agents, content providers, customers and suppliers from and against any and all claims, proceedings, damages, injuries, liabilities, losses, costs and expenses (including reasonable attorneys’ fees and litigation expenses), relating to or arising from: (i) your use of the Site and any of the content obtained on or through the Site; (ii) any breach by you of this Terms of Use; and (iii) any other activity by you on or in connection with the Site (including, without limitation, infringement of third parties' intellectual property rights or any other negligent, illegal or wrongful conduct) by you or any other person accessing the Site using your account.

Marketplace Simulations reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with Marketplace Simulations in asserting any available defenses.

9. No unlawful or prohibited use, Intellectual Property, and user conduct

You are granted a non-exclusive, non-transferable, revocable, without the right to sublicense, license to access and use the Site strictly in accordance with these terms of use. As a condition of your use of the Site, you agree not use the Site for any purpose that is unlawful or prohibited by these Terms. You may not use the Site in any manner which could damage, disable, overburden, or impair the Site or interfere with any other party's use and enjoyment of the Site. You may not obtain or attempt to obtain any materials except as provided for through the Site.

All content included as part of the Site, such as text, graphics, logos, images, videos, as well as the compilation thereof, and any software used on the Site, is the property of Marketplace Simulations or its suppliers and protected by copyright and other laws that protect intellectual property and proprietary rights. Content displayed through the website contains proprietary and confidential information from which Marketplace Simulations derives economic value. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.

You will not modify, publish, transmit, reverse engineer, participate in the transfer or sale, create derivative works, or in any way exploit any of the content, in whole or in part, if it results in the disclosure of Marketplace Simulations confidential or proprietary information or in a manner inconsistent with fair use of copyright (17 U.S.C § 107). Marketplace Simulations content is not for resale. Your use of the Site does not entitle you to make any unauthorized use of any protected content, and in particular you will not delete or alter any proprietary rights or attribution notices in any content.

10. International Users

The Site is controlled, operated, and administered by Marketplace Simulations from our offices within the USA. If you access the Site from a location outside the USA, you are responsible for compliance with all laws and regulations governing the use, import, export, re-export, and transfer of these services. You agree that you will not use the Marketplace Simulations Content accessed through the Site in any country or in any manner prohibited by any applicable laws, restrictions, or regulations.

11. Liability disclaimer

THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. MARKETPLACE SIMULATIONS AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE SITE AT ANY TIME.

MARKETPLACE SIMULATIONS AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. MARKETPLACE SIMULATIONS AND/OR ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL MARKETPLACE SIMULATIONS AND/OR ITS SUPPLIERS BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THE SITE, WITH THE DELAY OR INABILITY TO USE THE SITE OR RELATED SERVICES, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THE SITE, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF MARKETPLACE SIMULATIONS OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

MARKETPLACE SIMULATIONS’ ENTIRE LIABILITY UNDER THIS AGREEMENT OR OTHERWISE SHALL BE LIMITED TO THE AMOUNT PAID BY ANY INDIVIDUAL USER FOR AN INDIVIDUAL LICENSE FEE. ALL LIABILITY UNDER THIS AGREEMENT IS CUMULATIVE AND NOT PER INCIDENT.

By accessing the Site you have accepted the following notice and disclaimer with respect to any information supplied by Morningstar and/or any of its content providers.

©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed without prior approval from Morningstar; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

12. Termination/access restriction

Marketplace Simulations reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this agreement is governed by the laws of the State of Tennessee, U.S.A., and you hereby consent to the exclusive jurisdiction and venue of courts in Knox County, Tennessee, in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section.

You agree that no joint venture, partnership, employment, or agency relationship exists between you and Marketplace Simulations as a result of this agreement or use of the Site. Marketplace Simulations' performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of Marketplace Simulations' right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by Marketplace Simulations with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect.

Unless otherwise specified herein, this agreement, the Code of Honor and Privacy Policy constitutes the entire agreement between the user and Marketplace Simulations with respect to the Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. It is the express wish to the parties that this agreement and all related documents be written in English.

Contact Us

Marketplace Simulations welcomes your questions or comments regarding the Terms:

Marketplace Simulations
Attn: Support Department
P.O. Box 23679
Knoxville, TN 37933
USA

Email address: [email protected]
Telephone number: +1 (865) 522 1946

Last update 10/02/2024