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Ned Davis Research Group - Permissions

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NDR's Intellectual Property Statement

All materials contained in this Website are protected by copyright laws, and may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of NDR. You may download material (one copy per page) from this Website for your personal and non-commercial use only, without altering or removing any trademark, copyright or other notice from such material.

Copyright in all Ned Davis Research (NDR) materials whether electronic or other format is owned by NDR. No NDR materials may be reproduced, stored in a retrieval system or transmitted in any form or by any means, either in whole or in part, without prior written permission of NDR save within the limits provided by United States legislation.

We incorporate both visible and invisible watermarks into NDR materials and you agree that the following terms and conditions are applicable:

  • Hard copies of any NDR document may be printed by the named user for his/her own, non-commercial purposes.
  • Where a licensed user has a specification or requirement to reproduce any NDR product as part of their documentation for external use, the necessary pages of the document, including the whole document if required, must be submitted to NDR for prior review and approval.
  • NDR is not aware of any inherent risk of viruses in the PDF files of NDR documents at the time that they are downloaded. NDR has exercised due diligence to ensure, so far as practicable, that such files do not contain such viruses. The PDF files supplied may contain embedded typefaces. In accordance with Adobe's licensing policy, these files may be printed or viewed but shall not be edited unless the typefaces which are embedded are licensed to and installed on the computer performing the editing. In downloading these files, parties accept the responsibility of not infringing Adobe's licensing policy.
  • The user accepts that the operation and use of these files is done so at the user's risk. NDR does not accept and is not liable for any loss or damage which may be suffered from their operation or use. Adobe is a trademark of Adobe Systems Incorporated.


The NDR Service(s) and much of the information made available through this service is proprietary information. NDR or its suppliers own the intellectual property and other contractual rights, including access rights, associated with the system and the information accessed through the system. Proprietary information includes but is not limited to:

  1. Articles and other data accessible through the service,
  2. The computer software used by our system,
  3. Documentation for our system and databases,
  4. The end user interface for our system,
  5. The name of our system,
  6. Many of the features of our system, including its "look and feel" and
  7. Collective works comprising our databases.

NDR is the owner or the licensee of all intellectual property rights in our website, and in the material published on it. These works are protected by copyright laws and treaties around the world. All such rights are reserved.

You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.

Our status and that of any identified contributors as the authors of material on our site must always be acknowledged.

You must not use any part of the materials on our site for commercial purposes without obtaining a license to do so from us or our licensors.

If you print off, copy or download any part of our site in breach of these terms of use, your right to use our site will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.


What NDR product(s) require permission to use beyond "internal use"?

To ensure protection of NDR's Intellectual Property rights and compliance with NDR's data vendors and third party provider's contracts, no NDR product(s) usage beyond "internal use" is permitted without prior written permission from NDR.

Subscriber must promptly request any material intended to be used outside of the "Internal Use" or not listed below be approved by NDR via e-mail at permissions@ndr.com.

What restrictions are there on Publication timing?

Requests for usage of content of NDR publications including text, charts, and table, in clients' presentations are not permitted for 24 hours after publishing.

Media receives NDR publications after 24-hour embargo

Why a Permission Process?

This process is critical to NDR for two major reasons: (A) For protecting its intellectual property and to protect the value to our clients for being a paid subscriber to our service; and (B) To ensure compliance with our data vendor(s) contracts and other 3rd Party providers.

What does it mean?

By having a permissions process in place, it ensures that all clients are being treated equally and that NDR's compliance and copyright needs are met in a consistent manner. Permission requests are expected for all usage of NDR product(s) by a client.

When is permission needed by the requestor?

Whenever a client intends to use any NDR product(s) outside of "internal use" and for any external use such as a marketing piece, client presentation, newspaper article, book, newsletter, possible Internet posting, social media, blog or similar mass audience service. Anytime a product is requested in PowerPoint, it will be assumed that it is for use in a marketing piece.

No Blanket Permissions for any NDR product

Permission must be obtained each and every time someone would like to use an NDR product for presentation outside of their personal usage as a client. This enhances NDR control of product distribution and ensures the most recent compliance standards are upheld. Since our Vendor agreements are subject to modification at any time, a product that may have been approved "last week" may no longer be approved for a particular usage.

Initiating Permission Requests

All permission requests for NDR Product usage are to be routed via email to permissions@ndr.com. Do not send permission requests to individuals or enter them as CRS projects. Permission requests will need detailed information as to the client/requestor and the expected usage of the product.

NDR Product Usage in Client presentations

All requests should be sent to permissions@ndr.com for approval. Permission requests to use a chart/table in a client publication should be checked for availability and sourcing. PowerPoint requests will be returned in a JPG format.


All media requests should be forwarded to media@ndr.com for follow-up and are handled on a case-by-case basis.

Book Permissions

Requests for using NDR products in books are also handled by permissions@ndr.com. A publishing house permission form must be supplied to NDR by the requestor. This document is then processed by both the NDR permissions representative and the NDR Compliance officer. Copies are scanned for permanent Compliance files as well as providing a digital copy to the author and publishing company of the book.

NOTE: The permission process for published books is different from other requests. In these cases, NDR will provide feedback in the publishing house permission form as to additional approval that may be requested from third-party data vendors. For example, to use an NDR chart with the S&P 500 Index, the NDR permission representative will contact S&P for specific permission for that book. Final permission is therefore subject to all vendors represented in the material to be used in the book.

NDR Technical/Quantitative Tools (Interactive Studies)

Interactive Studies are created individually by the client using the Interactive Studies tools on the NDR web site. Even though these are created by the user using Interactive Studies, they still require NDR's permission to use them externally. Permission will only be granted to the original client user of the Interactive Study. Any further usage must be approved in advance by NDR.

NDR products request for use on a password-protected CLIENT website

Requests to post NDR charts, tables or text on a CLIENT website are approved for 60 days only after which the client is required to remove the NDR product(s).

NDR products request for use on an non-password protected CLIENT personal website/blog

These requests and usage are not approved by NDR due to its contractual limitations with data vendors and third party providers. Any usage of NDR product(s) on personal websites/blogs/social media or similar mass audience services is strictly prohibited and may result in termination of the client services and or other actions including but not limited to legal restrictions and remedies.

Can permission be granted to use products not included in the clients Schedule A?

All Client Subscribers are only provided permission for use of products that are available via their subscription level.