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MERIDIANARKHAM CAPITALSTANFORD GSBMAYO CLINICWESTLAWGOLDMAN

MSA.PDF · PAGE 47 / 213

✓ VERIFIED

§ 12.3 Limitation

The aggregate liability of either Party under this Section shall not exceed two (2) times the fees paid in the twelve (12) months preceding the claim, except for claims arising from (a) intellectual property infringement, (b) breach of confidentiality, or (c) gross negligence.

What's the indemnification cap?

The cap is 2× annual fees, with carve-outs for IP, confidentiality, and gross negligence.¹ p.47

Show carve-outsCompare to templateExport memo

CITED IN 1.4s

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chatwithpdfai.com / w / kass-v-north-american-research.pdf

◉ 47 credits

KASS v. NORTH AMERICAN RESEARCH · PAGE 12

III. Discussion

The court must determine whether the plaintiff has stated a claim upon which relief can be granted under Rule 12(b)(6).

Defendant's reliance on the safe harbor provision of 17 C.F.R. § 240.10b5-1 is misplaced, as the alleged trades occurred outside the protected window.

The complaint sufficiently alleges scienter under the PSLRA. Plaintiff identifies specific statements made during the class period.

Temporal proximity between the disclosure and personal stock sales supports a strong inference of conscious misbehavior under Tellabs.

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Capability	CHATWITHPDFAI OURS	Competitor A	Competitor B	Competitor C
Pay-per-document · no subscription	✓	—	—	—
Citations to the exact paragraph	Always	Sometimes	Page only	Page only
PDF viewer side-by-side	✓	✓	—	✓
Multi-PDF chat across folders	Unlimited	5 docs	1 doc	10 docs
Page-level citations	✓	Paid add-on	✓	—
70+ language translation	✓	—	12 langs	EN only
Export · Markdown / Word / Notion	✓	Pro plan	—	MD only
Compare two documents (diff)	✓	—	—	—
Won't train on your files	✓	✓	Opt-out	✓
API · deterministic citations	✓	—	—	Beta

† COMPILED FROM PUBLIC DOCUMENTATION, MAY 2026. COMPETITORS ANONYMIZED PER NDA OBLIGATIONS.

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