Terms of Use

1. Terms

By accessing this web site, you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.

2. Use License

Permission is granted to temporarily download one copy of the materials (information or software) on Fayez Sarofim & Co.'s web site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not: modify or copy the materials; use the materials for any commercial purpose, or for any public display (commercial or non-commercial); attempt to decompile or reverse engineer any software contained on Fayez Sarofim & Co.'s web site; remove any copyright or other proprietary notations from the materials; or transfer the materials to another person or "mirror" the materials on any other server. This license shall automatically terminate if you violate any of these restrictions and may be terminated by Fayez Sarofim & Co. at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format.

3. Disclaimer

The materials on Fayez Sarofim & Co.'s web site are provided "as is". Fayez Sarofim & Co. makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Fayez Sarofim & Co. does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this site.

4. Limitations

In no event shall Fayez Sarofim & Co. or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on Fayez Sarofim & Co.'s Internet site, even if Fayez Sarofim & Co.'s or a Fayez Sarofim & Co.'s authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

5. Revisions and Errata

The materials appearing on Fayez Sarofim & Co.'s web site could include technical, typographical, or photographic errors. Fayez Sarofim & Co.'s does not warrant that any of the materials on its web site are accurate, complete, or current. Fayez Sarofim & Co.'s may make changes to the materials contained on its web site at any time without notice. Fayez Sarofim & Co.'s does not, however, make any commitment to update the materials.

6. Links

Fayez Sarofim & Co. has not reviewed all of the sites linked to its Internet web site and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Fayez Sarofim & Co. of the site. Use of any such linked web site is at the user's own risk.

7. Site Terms of Use Modifications

Fayez Sarofim & Co. may revise these terms of use for its web site at any time without notice. By using this web site you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

8. Governing Law

Any claim relating to Fayez Sarofim & Co.'s web site shall be governed by the laws of the State of Texas without regard to its conflict of law provisions.

9. No Offer or Advice

You acknowledge that the content of this website is for general, informational purposes only and is not intended to, and does not, constitute an offer to sell or buy any securities or promise to undertake or solicit business and such content may not be relied upon in connection with any offer or sale of securities. An offer or solicitation will be made only through an investment management agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor.


We are not utilizing the website to provide investment or other advice, and nothing on the website may be deemed a recommendation that you buy, sell or hold any security or other investment or that you pursue any investment style or strategy. If you would like investment, accounting, tax or legal advice, you should consult with your own advisors with respect to your individual circumstances and needs and not rely on any such advice from us or any of our representatives.