Privacy Policy Statement

Privacy Statement Summary

Who will use my data?

RoyaltyStat LLC d/b/a Econometrica

What for?

We collect, store, and process personal information for various purposes. The main purpose is to provide our services to our clients and to run our business.

We offer an online database of royalty rates extracted from licence agreements, enabling subscribers to calculate statistical (such as interquartile) data ranges of selected royalty rates, make contractual terms adjustments, and perform regression analyses to benchmark inter-group transactions.

We’ll only use your information with your consent and/or where we are allowed to under the General Data Protection Regulation (hereinafter:"GDPR") and other data protection regulations.

As a client we use the data to manage our relationship and to meet our contractual obligations to you. We’ll use your information to understand you better, so that we can provide you with more relevant information or more relevant services and to improve our services offering you services from RoyaltyStat LLC d/b/a Econometrica or third parties that we believe may benefit you, unless you ask us not to. We’ll only use your information where we’re allowed to by law. For example, carrying out an agreement or contract we have with you, fulfilling a legal obligation, where we have a legitimate business interest or where you agree to it.

What will happen if I contact you?

If you contact us we will use your information to send you the information you have requested and updates, offers and other information that we think you will be interested in.

We will also use your information to process a GDPR request.

What data will be stored?

As an individual, client, or employee, we will store only the personal details required to run our business, respond to you, or meet our contractual and legal obligations.

What data will be shared?

We will only share data where strictly necessary to meet our obligations in order to provide the services that we offer.

We will only share information with the third parties detailed in this policy. We may need to share your information with a competent supervisory authority, regulator, or legal body that requests it.

We will never sell your personal data to other companies / third-parties.

How long?

Your data will be stored for up to 7 years following the last interaction we have with you, after which time your data will be deleted. For more information please refer to our Data Retention policy.

Who can access my data?

Access to your data is strictly controlled. For more information refer to our Information Security policy.

How is my data kept secure?

We will store your data on secure servers which will be processed in the USA. We have completed a risk assessment of these storage facilities and are confident that they meet GDPR requirements.

About This Privacy Policy

This policy sets out how we will use and share the information that you give us. This policy describes your relationship with RoyaltyStat LLC d/b/a Econometrica. GDPR describes how organisations must collect, handle, process and store personal information. These rules apply regardless of whether data is stored electronically, on paper or on other materials. To comply with the law, personal information must be collected and used fairly, stored safely and not disclosed unlawfully.

GDPR is underpinned by eight important principles and we take these responsibilities seriously. These say that personal data must:

  • Be processed fairly and lawfully
  • Be obtained only for specific, lawful purposes
  • Be adequate, relevant and not excessive
  • Be accurate and kept up to date
  • Not be held for any longer than is necessary
  • Processed in accordance with the rights of the data subjects
  • Be protected in appropriate ways
  • Not be transferred outside the USA, unless that country or territory also ensures an adequate level of protection

This policy helps to protect us from data security risks, including:

  • Breaches of confidentiality. For instance, information being given out inappropriately.
  • Failing to offer choice. For instance, all individuals should be free to choose how the company uses data relating to them.
  • Reputational damage. For instance, the company could suffer if hackers successfully gained access to sensitive data.
  • Failure to securely store or process your data
  • All other risks

Our approach to Data Protection

We aim to conduct our business in compliance with the relevant data protection laws and regulations, including, but not limited to the EU General Data Protection Regulation.

Data Breach and Reporting

In the event, when a reportable data breach occurs and US residents are affected, we shall report it to the competent supervisory authority in accordance with the USA national data protection laws.

In case the data breach affects EU residents we shall report it to the competent authority in the respective Member States.

Who We Are And How To Contact Us

RoyaltyStat LLC d/b/a Econometrica is registered in the USA. The data controller is: Ednaldo Silva. You can contact us in any of the following ways:

Tel Number:
+ 1 202 468 3102
Company name:
RoyaltyStat LLC
Address:
5425 Wisconsin Ave., Suite 600 | Chevy Chase, MD, 20815-3577 | USA
Tel Number:
1-202-558-2356

Who this privacy policy applies to

This policy relates to clients of RoyaltyStat LLC d/b/a Econometrica. Processing of your data is required in order to run our business and provide our services to our clients. This policy applies to individuals and clients who have shared their data with RoyaltyStat LLC d/b/a Econometrica either as a client, employee, supplier or in any other capacity and data collected by us in the course of our business.

This policy also relates to data we collect from individuals in the course of running our business activities.

It applies to all data that the company holds relating to identifiable individuals, even if that information technically falls outside of the GDPR. This can include:

  • Names of Individuals
  • Postal addresses
  • Email Addresses
  • Telephone numbers

Who this privacy policy applies to

This section describes the lawful basis for processing your data and applies to the information about yourself that you choose to provide us with or that you allow us to collect. This includes:

  • The Information you provide when you contact us
  • When you contact us in order to discuss using our services
  • Information we collect about how you use the website
  • Information relating to the services we offer to you and
  • Financial information as required to run our company
  • Information that is given and stored as part of our ongoing relationship
  • Information we collect from other sources such as the internet, social media, commercial databases, other companies, and other third parties
  • Data shared with us by our clients; and
  • Data collected from other sources including social media
  • Data collected by us in the course of our business.

We do not routinely collect or process sensitive data about you however where this is the case we will ensure we keep that data safe as required under Article 9 of GDPR.

How your information will be used

We will only use your personal data for the purposes for which we collected it and as you would reasonably expect your data to be processed and only where there is a lawful basis for such processing, for example:

Purpose/Activity Type of data Lawful basis for processing
To respond to your enquiry and/or register you as a new client (a) Identity, (b) Contact details
  1. Performance of a contract with you.
  2. In our legitimate interests.
  3. Where we have a legal obligation.
  4. With your consent
To process and deliver the services you request including managing payments, fees and charges, and to collect and recover money owed to us (a) Identity, (b) Contact, (c) Financial, (d) Transaction info, (e) PR, Marketing and Communications
  1. Performance of a contract with you.
  2. In our legitimate interests.
  3. Where we have a legal obligation.
  4. with your consent
To manage our ongoing relationship with you which will include notifying you about changes to our terms, products and services, or privacy policy, to maintain our records (a) Identity, (b) Contact, (c) Profile, (d) Marketing and Communications
  1. Performance of a contract with you
  2. Necessary to comply with a legal obligation
  3. Necessary for our legitimate interests to keep our records updated and to study how customers use our products/services
  4. with your consent
To administer and protect our business and our site (including troubleshooting, data analysis, testing, system maintenance, support, reporting and hosting of data) (a) Identity, (b) Contact (c) Technical
  1. Necessary for running our business
  2. Provision of administration and IT services, network security, to prevent fraud
  3. Necessary to comply with a legal obligation
  4. with your consent
To deliver relevant content and advertisements to you and measure and understand the effectiveness of our advertising (a) Identity, (b) Contact, (c) Profile, (d) Usage, (e) Marketing and Communications, (f) Technical
  1. Necessary to study how clients use our services, respond to direct questions or queries made to us
To use data analytics to improve our services, and customer relationships and experiences (a) Identity, (b) Contact, (c) Profile, (d) Usage, (e) Marketing and Communications, (f) Technical
  1. Necessary to study how clients use our services, respond to direct questions or queries made to us
To make suggestions and recommendations to you about services that may be of interest to you (a) Identity, (b) Contact, (c) Technical, (d) Usage, (e) Profile
  1. Necessary to study how clients use our services, respond to direct questions or queries made to us

As a client we may collect and process information about you, including your name, date of birth, address, contact details (including email address and mobile phone number), service details, transaction history and data collected as part of any finance application or payment (including previous addresses, employment details and bank account details).

As an individual we may collect and process information about you, including your name, date of birth, address, contact details (including email address and mobile phone number), opinions, comments, and other information..

As a company we may collect and process information about you, including your name, address, contact details (including email address and mobile phone number), and other information as required.

We may take personal information from:

  • Client information that you provide to us when registering with our website (including your email address)
  • Information relating to any requests you make about our services, including any other transaction details made via any of our websites (including your address, telephone number and payment details)
  • Information about individuals we collect from you, our clients, social media, and other sources.

Personal data we receive will be used for the purposes it was provided, including:

  • To respond to queries from you regarding the services we are providing.
  • To carry out our obligations arising from any contracts entered into between you and us including the provision of services, and to respond to queries from you regarding those contracts
  • To manage and administer the relationships between you and us
  • To notify you about changes to our services and to otherwise communicate with you; for example, we will use your contact details in order to respond to any queries that you submit to us
  • To obtain feedback from you regarding us
  • To respond to any request you make of us

If you contact us and/or sign-up for updates we may also use your personal information to provide you with information about products, services, promotions and offers that may be of interest to you. We may use your personal information in order to ascertain the services, promotions and offers that are likely to be of particular interest to you. This document explains how you can change whether to receive this information. Please note that, even if you choose not to receive this information, we may still use your personal information to provide you with important services and communications.

How to change your preferences

We operate in line with GDPR data protection guidelines. We respect your rights and will respond to any request for access to personal information and requests to delete, rectify, transfer, data and to stop processing. We will also advise you on how to complain to the relevant authorities, namely the Information Commissioner’s Office. Any requests or objections should be made in writing to the Data Controller or you can visit our website, call, or email us to contact us to change your preferences at any time.

Opting out at a later date

We store and process data primarily in the USA. Where we transfer data outside of the USA we will take the appropriate measures to ensure we meet all applicable regulations and adopt necessary safeguards. Your data will be stored for a period of time after our last interaction - this period is defined in our Data Retention policy.

In order to provide our services we may use carefully selected third parties. These third parties may operate outside the UK, if this is the case we will ensure precautions are in place to protect your data.

We may also use recognised third parties to take payment, conduct credit reports and other checks and manage our company accounts. We will store transactions, payment and order data for up to 7 years or for as long as required by US financial and company regulations. These third parties may operate outside the US, if this is the case we will ensure precautions are in place to protect your data.

We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose and/or we are acting as you would reasonably expect. If you wish to find out more about how the processing for the new purpose is compatible with the original purpose, please email us. If we need to use your personal data for a purpose unrelated to the purpose for which we collected the data, we will notify you and we will explain the legal ground of processing.

We may be legally obliged to disclose your personal information without your knowledge.

How we store and process your data

In the event, when a reportable data breach occurs and US residents are affected, we shall report it to the competent supervisory authority in accordance with the USA national data protection laws.

In case the data breach affects EU residents we shall report it to the competent authority in the respective Member States.

Our obligations

We are a data controller. In relation to the information that you provide to us, we are legally responsible for how that information is handled. We will comply with the GDPR in the way we use and share your personal data.

You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we may refuse to comply with your request in these circumstances.

We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response.

We try to respond to all legitimate requests within one month. Occasionally it may take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.

Third Parties

We may have to share your personal data with the parties set out below for the purposes described in this document:

  • Service providers who provide IT and system administration services.
  • Other companies as required for us to provide our services to you and/or our clients
  • Professional advisers including lawyers, bankers, auditors and insurers who provide consultancy, credit scoring, banking, legal, fraud protection, insurance and accounting services etc..
  • Third parties who use such data for non-marketing purposes (including credit and risk assessment and management, identification and fraud prevention, debt collection and returning assets to you).
  • HM Revenue & Customs, regulators and other authorities based in the United Kingdom and other relevant jurisdictions who require reporting of processing activities in certain circumstances.
  • Social media platforms
  • Other IT platforms and services as required to provide our services to you and to operate our company
  • Other companies we believe the purpose is consistent with the original purpose and always as you would reasonably expect

We require all third parties to whom we transfer your data to respect the security of your personal data and to treat it in accordance with the law. We only allow such third parties to process your personal data for specified purposes and in accordance with our instructions.

Security

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know such data. They will only process your personal data on our instructions and they are subject to a duty of confidentiality.

We will report any breaches or potential breaches to the appropriate authorities within 24 hours and to anyone affected by a breach within 72 hours. If you have any queries or concerns about your data usage, please contact us.

This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy notice of every website you visit.

Cookies

A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. We use traffic log cookies to identify which pages are being used. This helps us analyse data about webpage traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.

Overall, cookies help us provide you with a better website by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.

You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.

As well as your ability to accept or reject cookies, we also require your permission to store cookies on your machine, which is why when you visit our site, you are presented with the ability to accept our terms of use, including the storage of cookies on your machine. Should you not accept, then you are free to leave our website, at any time.

Contacting us, exercising your information rights and Complaints

If you have any questions or comments about this Privacy Policy, wish to exercise your information rights in connection with the personal data you have shared with us or wish to complain, please contact: Lorraine Emmet at RoyaltyStat LLC d/b/a Econometrica. We will process SARs within 30 days, SAR responses are usually free but we reserve the right to charge for excessive or unfounded requests. We fully comply with Data Protection legislation and will assist in any investigation or request made by the appropriate authorities.