Terms of Use
Last updated: 19 August 2026
In these Term of Use, the terms “we”, “us”, “Company”, “LAKOS LEARNING”, “LAKOS LEARNING Kft” or “LAKOS LEARNING Kft.” shall mean LAKOS LEARNING Korlátolt Felelősségű Társaság (registered seat: Bem József utca 9. Fsz. 10, 1027 Budapest, Hungary; company register number: 01-09-458411, tax number: 33086701-1-41), a limited liability company (“korlátolt felelősségű társaság”) organized under Hungarian law, the term “Website” shall mean any and all websites under the zoltan.finance and zoltan-finance.teachable.com domains, the term “School” shall mean the “Zoltan Finance” dedicated Teachable environment (‘school’) operating on the Teachable platform, and the term “Content” shall mean any content (including, but not limited to, any text, articles, social media posts, blog posts or other posts, comments, descriptions, data, information, reactions, videos, courses, pictures, podcasts, spreadsheet files or other files, models, programming scripts, digital downloads and any other materials, and any related or supporting material), whether in whole or in part, including any part thereof, provided by the Company on the Website, in the School, the social media pages of the Company, or on other channels (including, but not limited to, channels, posts or comments) of the Company. The terms “you” or “user” shall mean the entity you represent in accepting these Terms of Use, or, if that does not apply, you individually. In each case, you represent and warrant (i) that you have read and understand these Terms of Use, and (ii) that you absolutely, explicitly, expressly, unconditionally and irrevocably agree to these Terms of Use. In addition, if you represent another entity in accepting these Terms of Use, you also represent and warrant (i) that you have full legal authority to bind such entity to these Terms of Use, (ii) that you have read and understand these Terms of Use, and (iii) that you absolutely, explicitly, expressly, unconditionally and irrevocably agree to these Terms of Use on behalf of the entity you represent. The inclusion of any of your own terms and conditions is hereby explicitly objected to.
By accessing the Website, the School or the social media pages of the Company, or by accessing, viewing, downloading, storing, or otherwise using any Content, you are absolutely, explicitly, expressly, unconditionally and irrevocably agreeing to be bound by these Terms 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 the Website, the School or the social media pages of the Company, and you are prohibited from accessing, viewing, downloading, storing, or otherwise using any Content, and you must not access, view or use the Website, the School, the social media pages of the Company or any Content in any manner. The Website, the School, the social media pages of the Company and the Content are protected by applicable copyright law, trademark law, and other law related to intellectual property.
You agree to indemnify, defend, and hold harmless the Company and the Company’s employees, officers, directors, affiliates, companies, representatives, contractors, suppliers, service providers, agents and any of the Company’s other related parties from and against any and all losses, damages, costs, expenses, expenditures, fees, charges, fines, penalties, injuries, assessments, claims, proceedings, actions or any other results or consequences (whether direct or indirect) in connection with your breach of these Terms of Use or your unlawful use of the Website, the School, the social media pages of the Company or any Content.
You represent and warrant that the data and information that you submit to us either directly or indirectly are valid, up-to-date and accurate. You also represent and warrant (i) that you are not a resident of Russia, Iran, North Korea, Cuba, Venezuela or Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia, and (ii) that you are not on a sanctions list or similar list that restricts or prohibits entering into any business relationships with you in any applicable jurisdiction.
1. Platforms
1.1 The Website, the School and the Content on the Website and in the School are hosted on the Teachable online platform (henceforth: “Teachable Platform”), which is provided by Teachable, Inc., a Delaware, USA corporation.
1.2 Teachable’s and the Teachable Platform’s terms of use can be found on Teachable’s website:
https://www.teachable.com/legal/terms-of-use
1.3 You represent and warrant that you have read and understand all terms of use, policies, agreements and other documents that govern the use of the Teachable Platform and that you absolutely, explicitly, expressly, unconditionally and irrevocably agree to these.
1.4 It is your responsibility to comply with the technical and other requirements for accessing and using the Website, the Teachable Platform and the Content.
1.5 The social media pages of the Company are hosted on various social media platforms, including, but not limited to, Facebook, Instagram and LinkedIn. By accessing or otherwise using any social media pages of the Company, you represent and warrant that you have read and understand all terms of use, policies, agreements and other documents that govern the use of the corresponding social media platforms and that you absolutely, explicitly, expressly, unconditionally and irrevocably agree to these.
2. Permitted Use
2.1 NO part of the Content constitutes legal advice, investment advice, tax advice, accounting advice, financial advice, or any other type of advice, NO part shall be interpreted as legal advice, investment advice, tax advice, accounting advice, financial advice, or any other type of advice, and NO part of the Content serves as substitute for legal advice, investment advice, tax advice, accounting advice, financial advice, or any other type of advice.
2.2 NO part of the Content constitutes a recommendation, evaluation, analysis, research, endorsement or approval or disapproval of any securities, investments, financial instruments, financial arrangements or investment products, any business, accounting, tax, financial, investment, legal or any other practices, conduct, structures or arrangements, or any products, brands or companies, and NO part shall be interpreted as a recommendation, evaluation, analysis, research, endorsement or approval or disapproval of any securities, investments, financial instruments, financial arrangements or investment products, any business, accounting, tax, financial, investment, legal or any other practices, conduct, structures or arrangements, or any products, brands or companies.
2.3 The Content is STRICTLY FOR ENTERTAINMENT PURPOSES ONLY. It would be grossly reckless and inappropriate for you to use it for any other purpose. You must NOT rely on the Content to make any decisions (including, but not limited to, investment decisions or any other financial decisions) or take any other actions, or to refrain from making any decision (including, but not limited to, investment decisions or any other financial decisions) or taking any other actions, or for any other purposes. For the avoidance of doubt, without limiting the generality of the foregoing, you must also not use the Content, the Website, the social media pages of the Company and the School as preparatory material for any exams, tests or evaluations.
2.4 The Content, the Website, the social media pages of the Company and the School might not be appropriate for you. You access, view and use the Content, the Website, the social media pages of the Company and the School at your own risk. The Content is general in nature and it does not take into account your specific circumstances. You should seek independent, professional advice from qualified advisors for your specific circumstances.
2.5 Permission is granted to temporarily download one copy of any downloadable materials in the School for personal, private, non-commercial transitory viewing for entertainment purposes only, at maximum for the duration of the product access period.
2.6 This is the grant of a license, not a transfer of title or any other rights. The license is temporary, non-exclusive, limited in scope, time and place, and restricted exclusively to the agreed purpose. For example, without limiting the generality of the foregoing, under this license you may NOT:
a) modify or copy the materials or any other Content;
b) create any derivative works based on the materials or any other Content,
c) use the materials or any other Content for any commercial, legal or investment purpose, or for any other purposes other than private, personal, non-commercial viewing for entertainment purposes,
d) use the materials or any other Content for any public display (whether commercial or non-commercial);
e) attempt to decompile or reverse engineer any file, document or software contained on the Website or any other Content;
f) remove any copyright, legal or other proprietary notations from the materials or any other Content; or
g) sub-license, license, rent, sell, pass on, lease, distribute, lend, transfer or otherwise make the materials or any other Content accessible to another person, share the materials or any Content, or 'mirror' the materials or any other Content on any other server.
2.7 NO part of the Website, the School, the social media pages of the Company or the Content may be copied, reproduced, transmitted, distributed, published, broadcasted, recorded, transcribed, shared, exhibited, modified, amended, reverse engineered, translated, stored in a retrieval system or other storage system (including, but NOT limited to, archives, libraries, cloud storage systems or network storage systems), fed into or otherwise used with any artificial intelligence (AI), machine learning or other system, or used as a basis for any derivative work, in each case in any form or by any means, whether directly or indirectly.
2.8 This license shall automatically terminate if you violate any of these restrictions or any other provisions of these Terms of Use.
2.9 Products and Content may only be accessible to you during the product access period (product access duration). The product access period is set by the Company, and the license also automatically terminates at the end of such product access period. Unless indicated otherwise, the default product access period in the School is 6 months (meaning that you only get access to the product for 6 months, starting from your enrollment in such product).
2.10 Certain parts or elements of products and Content may only be made available to you on a delayed or otherwise scheduled basis (for example, you may only get access to certain materials in the School after the expiry of a set period of days specified by the Company following your registration, enrolment or purchase). For example, if you purchase a course in the School and such course also includes downloadable materials (for example any spreadsheet file, financial model, programming script or handout), you only get access to the downloadable materials after 15 days from your enrollment or after the expiry of the refund period, whichever is later, and only if no refunds have been claimed. For the avoidance of doubt, please note that course videos are not downloadable.
2.11 The Company may also terminate the license and your access to the Website, the School and the Content at the Company’s sole discretion, at any time, without the need to provide notice, without any cause and without the need to provide any reason. Upon terminating your access to the Website or the School, the license also automatically terminates. This could also happen for example, without limitation, if you violate these Terms of Use.
2.12 The Company may also temporarily or permanently ban you from terminate your access to the social media pages of Company and/or delete or hide your comments, posts, reactions or any other interactions with the social media pages of the Company at the Company’s sole discretion, at any time, without the need to provide notice, without any cause and without the need to provide any reason. This could also happen for example, without limitation, if you violate these Terms of Use or engage in conduct that violates the terms of use or code of conduct of the corresponding social media platform.
2.13 Upon terminating your viewing of these materials or upon the termination of the license, you must permanently destroy any downloaded materials in your possession whether in electronic or printed format.
2.14 Regardless of the cause, you are not entitled to any compensation, reimbursement, refund, discount, consideration or any other payment or claim upon the termination of your license, or your access to the Website, the School, the social media pages of the Company or any Content, and, for the avoidance of any doubt, the provisions of Section 6 (Limitations of Liability) also apply to this case.
2.15 All Content in the School and other materials in the School are delivered in electronic format via the Website. You are not entitled to receive any Content or any other materials in physical form or via any other channel. You are also not entitled to receive any tutoring, consulting or personal discussion.
2.16 The use of virtual private networks (VPNs), proxy networks or any other solutions that obscure your location or identity is prohibited when accessing the Website, the School, the social media pages of the Company or any Content.
2.17 You are prohibited from using work or other non-personal e-mail addresses, computer systems or other technical means, credentials or other resources to access the Website, the School, the social media pages of the Company or the Content unless you have explicit written permission to do so from the entity that has the right to control, direct and permit the use of such resources. By using any of the aforementioned resources to access the Website, the School, the social media pages of the Company or the Content, you represent and warrant that you have such permission.
3. Changes to Services, Content, Prices and the Terms of Use
3.1 The Company may change, suspend, curtail, expand, restrict, limit, or discontinue any service or product (or any part or content thereof) and/or any or all of the Company’s operations without notice at any time. The Company does not make any commitment to continue to provide any services or products in any form, or to continue its operations in any form. The Company may apply such changes, suspensions, curtailments, expansions, restrictions, limitations or discontinuances on a selective basis. The services or products, the Content, the social media pages of the Company or the Website may not be accessible from certain countries.
3.2 The Company may make changes to the Website, the School, the social media pages of the Company and the Content at any time without notice. The Company does not, however, make any commitment to update any of the foregoing.
3.3 The Company may change the prices of the Company’s products and services without notice at any time. The Company may also offer discounts or other promotions, and such discounts or other promotions may be offered on a selective basis.
3.4 The Company may amend these Terms of Use at any time without notice, and such amendment shall be effective (i) immediately upon being published on the Website, or (ii) if explicitly provided and such date is a later date, on the effective date indicated in such amended Terms of Use. By using the Website, the School, the social media pages of the company or any Content, you are agreeing to be bound by the then current version of these Terms of Use. It is your responsibility to periodically review the Term of Use on the Website.
3.5 Regardless of the cause, you are not entitled to any compensation, reimbursement, refund, discount, rebate, consideration or any other payment or claim upon the occurrence of any of the events described in 3.1, 3.2, 3.3 and 3.4, and, for the avoidance of any doubt, the provisions of Section 6 (Limitations of Liability) also apply to this case.
4. Refund Policy
4.1 In the case of courses, upon request, you are entitled to a 14 (fourteen) day full refund from the date of purchase, in accordance with and subject to Teachable’s refund policy. However, if you purchase a course and such course also includes downloadable materials (for example any spreadsheet file, financial model, programming script or handout), you only get access to the downloadable materials after 15 days from your enrollment or after the expiry of the refund period, whichever is later, and only if no refunds have been claimed. For the avoidance of doubt, please note that course videos are not downloadable.
4.2 Digital downloads (including, but not limited to, spreadsheet files or PDF files) and any bundles that contain digital downloads are non-refundable. This means for example that a bundle which contains both a course and a digital download is non-refundable.
4.3 The Company reserves its right to issue refunds at the Company’s sole discretion on a case-by-case basis or product-by-product basis even if the user would not be entitled to a refund according to these Terms of Use. However, the Company undertakes absolutely no obligation or other commitment to do so.
5. Links
5.1 The Company has not reviewed all of the sites linked to its websites, social media pages or other channels, and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by the Company of the site. Use of any such linked website is at the user's own risk.
6. Artificial Intelligence (AI)
6.1 The Content may include content or other elements which are entirely or partly generated by, modified with, or created with the use of artificial intelligence (AI). We may use artificial intelligence (AI) in the creation of Content or otherwise in our operations.
7. Trademarks and References
7.1 All trademarks, service marks, trade names, brand names, company names or product names appearing on the Website, in the School, on the social media pages of the Company or in any Content are the property of their respective owners.
7.2 Reference to any specific company, product, process, or other designation by trade name, trademark, brand name or otherwise does not imply any endorsement, approval or recommendation in either direction, or any affiliation.
8. Privacy Policy
8.1 Our Privacy Policy is an integral and inseparable part of these Terms of Use, and it is hereby incorporated by reference.
9. Limitations of Liability
9.1 The Website, the School, the social media pages of the Company and any Content are provided on an “as is”, “as available”, “with all faults” basis.
9.2 The Content, the School, the social media pages of the Company and the Website may include mistakes, errors, omissions or other deficiencies.
9.3 Any assumptions, parameters, models, inputs or other examples in the Content (including, but not limited to, assumptions and other inputs used in financial models or programming scripts) are for illustration purposes only.
9.4 The Company makes ABSOLUTELY NO representation (neither express nor implied) and ABSOLUTELY NO warranty, guarantee, promise or any type of assurance is given by the Company (neither express nor implied) regarding any matters, including but NOT limited to the accuracy, completeness, timeliness, currentness, availability, accessibility, reliability, continuation, likely results, fitness for any particular purpose, condition, merchantability, title, non-infringement of intellectual property or other rights, or workmanlike quality of the Content, the Website, the social media pages of the Company or the School, or that the Content, the Website, the social media pages of the Company or the School will meet your specific expectations or requirements, or any other matter. Any and all representations and warranties, express or implied, are specifically disclaimed and negated.
9.5 The Company and any of the Company’s respective employees, officers, directors, affiliates, companies, representatives, contractors, suppliers, service providers, agents, shareholders, quotaholders, owners or any of the Company’s other related parties shall have ABSOLUTELY NO liability or any other kind of responsibility, and in NO event shall they be liable or otherwise responsible for any losses, damages, costs, expenses, expenditures, fees, charges, fines, penalties, injuries, assessments, claims, proceedings, actions or any other results or consequences (whether direct or indirect) in connection with these Terms of Use, the Website, the Content, the social media pages of the Company or the School, the use of the Content, the Website, the social media pages of the Company or the School, or the inability to use the Content, the Website, the social media pages of the Company or the School including but NOT limited to, direct or indirect damages, costs, lost profits, lost income, lost revenues, lost savings, investment losses, legal fees, professional fees, data losses, data breaches, technical problems, replacement costs, unforeseeable consequences, business interruption, interference with contractual relations, opportunity costs, consequential damages, exemplary damages, commercial damages, incidental damages, punitive damages, special damages or any other damages or consequences, regardless of the cause and under any theory of liability or other responsibility, whether based in contract, tort (including, but not limited to, negligence and gross negligence), strict liability, statutory duty, misrepresentation, warranty or otherwise (including, but not limited to, any other legal or equitable theory), even if advised of the possibility of such. Any and all kinds of liability or any other kinds of responsibility are specifically disclaimed and negated.
9.6 All examples are purely pedagogically motivated, and do NOT imply any recommendation, evaluation, analysis, endorsement or approval or disapproval of any securities, investments, financial instruments, financial arrangements or investment products, any business, accounting, tax, financial, investment, legal or any other practices, conduct, structures or arrangements, or any products, brands or companies.
9.7 If the Company’s exclusion of liability in the foregoing provisions is found to be unenforceable, void, not applicable or invalid, the Company's total cumulative liability shall not exceed the total amount paid by you to the Company for the subject product or service in the 12 (twelve) months preceding your claim.
9.8 Any claim, demand, dispute, or cause of action arising out of or related to these Terms of Use, the Content, the social media pages of the Company, the Website or the School, must be formally commenced and filed as a lawsuit by you no later than 1 (one) year after the date the cause of action first accrued, regardless of when you discover or reasonably could have discovered the harm. If you do not file a lawsuit within this one-year period, that claim, demand, dispute, or cause of action shall be permanently barred, waived and forever extinguished.
9.9 You and the Company agree that any legal proceedings or other dispute resolution proceedings will be conducted exclusively on an individual basis, and not in a class action, consolidated action, collective action, representative action or any similar manner. Neither you nor the Company shall be a member of a class action, consolidated action, collective action, or representative action, whether as a class member, a class representative, a private attorney general, a representative of other users, the general public or third parties, or in any other capacity. Neither you nor the Company shall join or consolidate claims with claims of any other person or entity.
9.10 In the event of any conflict or inconsistency between this Terms of Use and any other statements or notices on the Website, in the School, the social media pages of the Company, in any Content or anywhere else, these Terms of Use shall prevail.
10. Governing Law
10.1 These Terms of Use and any dispute or claim relating to these Terms of Use, the Website, the School, the social media pages of the Company, the Content or the Company shall be governed by the laws of Hungary without regard to its conflict of law provisions, and you absolutely, explicitly, expressly, unconditionally and irrevocably agree to submit to the exclusive jurisdiction of the Hungarian ordinary courts (state courts). The language of any proceedings shall be Hungarian. No other law shall be applicable, and no other courts shall have any jurisdiction.
11. Alternative Dispute Resolution
11.1 The Company is neither willing nor obligated to participate in dispute settlement proceedings before an alternative dispute resolution service or body.
12. Contact
12.1 If you have any questions or concerns, you may contact us by sending an e-mail to lakoslearning@protonmail.ch or by sending physical mail to the following address:
LAKOS LEARNING Korlátolt Felelősségű Társaság
Bem József utca 9. Fsz. 10.
1027 Budapest
Hungary
Please note that our registered seat and mailing address is not open to the public.