Terms of Use

Effective Date: January 1, 2026 · Last Updated: June 3, 2026 · Athlete Infrastructure LLC, d/b/a NIL Ledger

Please read these Terms of Use ("Terms") carefully before using the NIL Ledger platform operated by Athlete Infrastructure LLC, d/b/a NIL Ledger ("Company," "we," "us," or "our"). By accessing or using the Service, you agree to be bound by these Terms. If you do not agree, do not use the Service.

1. Acceptance of Terms

By creating an account or using any part of the NIL Ledger platform (the "Service"), you confirm that you are at least 18 years of age (or have parental/guardian consent if under 18), that you have read and understood these Terms, and that you agree to be legally bound by them.

2. Description of Service

NIL Ledger is a financial organization and tracking platform designed for college athletes earning Name, Image, and Likeness (NIL) income. The Service includes tools for income tracking, expense logging, deal management, tax reserve estimation, NCAA compliance logging, and CPA export functionality. NIL Ledger also offers an Agency plan for sports agencies, advisors, and representatives to manage these same financial tools on behalf of their athlete clients (see Section 4b).

Important: NIL Ledger is a financial organization tool only. We are not a licensed financial advisor, tax advisor, accounting firm, or law firm. Nothing in the Service constitutes financial, tax, legal, or investment advice. Tax reserve calculations are estimates only. Always consult a qualified CPA or tax professional for your actual tax obligations.

3. User Accounts

To use the Service, you must create an account. You agree to:

Provide accurate, current, and complete information during registration
Maintain the security of your password and account credentials
Notify us immediately at support@nilledger.com if you suspect unauthorized access
Accept responsibility for all activity that occurs under your account

4. Subscriptions and Billing

Plans: NIL Ledger offers paid subscription plans (Pro and Elite) billed monthly or annually. NIL Ledger also offers an Agency plan billed monthly or annually for organizations managing multiple athlete clients (see Section 4b). Pricing is displayed at nilledger.com and is subject to change with at least 30 days' notice.

Free Trial: New users receive a 7-day free trial. A valid credit card is required to begin your free trial. Your card will not be charged until the 7-day trial period ends. You may cancel at any time during the trial and you will not be charged. If you do not cancel before the trial ends, your subscription will automatically begin and your card will be charged the applicable plan rate.

Credit Card Collection: By entering your credit card information at signup, you authorize NIL Ledger to store your payment method securely via our payment processor, Stripe, and to charge your card automatically at the conclusion of the free trial period and on each subsequent billing date. We do not store your full card number — all payment information is handled and encrypted by Stripe in accordance with PCI-DSS standards.

Billing: Subscriptions are billed in advance on a monthly or annual basis. Annual subscriptions are billed in full at the start of the billing period. Payments are processed by Stripe.

Cancellation: You may cancel your subscription at any time through the billing portal in your account settings. Cancellations take effect at the end of the current billing period. We do not provide refunds for partial billing periods except where required by applicable law.

Price Changes: We will provide at least 30 days' advance notice of any price changes. Your continued use of the Service after a price change constitutes acceptance of the new pricing.

4a. Marketing Communications

During account registration, you will be given the option to opt in to receive marketing communications about other products and services offered by Athlete Infrastructure LLC. This opt-in is entirely voluntary and is presented as an unchecked checkbox — you will not receive marketing communications unless you affirmatively select this option.

What you may receive if you opt in: Information about new products, services, features, partnerships, or offerings from Athlete Infrastructure LLC and its affiliated brands.

What you will always receive regardless of opt-in status: Transactional communications necessary to operate your account, including billing receipts, payment failure notices, subscription renewal reminders, security alerts, and service updates. These communications cannot be opted out of while your account is active.

Opting out: You may withdraw your marketing consent at any time by clicking "unsubscribe" in any marketing email or by contacting us at support@nilledger.com. Withdrawal of marketing consent does not affect your NIL Ledger account or access to the Service.

No third-party marketing: We will not sell, rent, or share your contact information with third parties for their own marketing purposes.

SMS / text messaging: If you provide a phone number, you may separately and optionally consent to receive text messages (SMS) at signup. This consent is not required to purchase or use the Service. If you consent, you may receive account and transactional messages such as payment reminders and deadline alerts; message and data rates may apply, and message frequency varies. You can opt out at any time by replying STOP to any message or by contacting support@nilledger.com. See our Privacy Policy, Section 2b, for details.

4b. Agency Plan

The Agency plan allows a sports agency, advisor, agent, or other authorized representative (an "Agency") to use NIL Ledger's financial organization tools to manage information on behalf of the college athletes it represents (each, a "Client"). The following terms apply to Agency accounts in addition to all other provisions of these Terms.

A. Authorization and attestation. By creating Client records and using the Agency features, the Agency represents and warrants that it has a legitimate professional relationship with each Client and is authorized to manage that Client's NIL financial information. When you add a Client, you are required to attest to this authorization. NIL Ledger does not independently verify the relationship between an Agency and its Clients and relies entirely on the Agency's attestation. The Agency is solely responsible for ensuring it has obtained all consents and authorizations required by law, by its agreements with its Clients, and by any applicable agency, conference, institutional, or regulatory rules. Without limiting the foregoing, the Agency is solely responsible for complying with all athlete-agent registration, licensing, and disclosure requirements that apply to its relationship with each Client — including under the Uniform Athlete Agents Act and any applicable state or federal athlete-agent or talent-agency laws — and NIL Ledger does not provide, monitor, or assume any responsibility for such registration, licensing, or compliance.

B. Client records are Agency-managed. Client records on the Agency plan are created and controlled by the Agency. A Client record is not a personal NIL Ledger athlete account and does not, by itself, give the athlete a login. Financial data, deals, compliance entries, and analyses associated with a Client record are entered and maintained by the Agency. The Agency is responsible for the accuracy and lawfulness of all information it enters about a Client.

C. Client consent and revocation. Management of a Client's data is gated by the Client's consent. A Client (the athlete) may grant or decline consent, and may revoke consent or access at any time. Upon revocation, the Agency's ability to manage that Client's data through the Service will cease as described in the Service. The Agency agrees to honor a Client's revocation and to resolve any disputes about the underlying representation relationship directly with the Client. NIL Ledger is not a party to, and is not responsible for, the agreement or relationship between an Agency and its Clients.

D. Team members and roles. An Agency account may have multiple team members with different roles (for example, owner, admin, and member). The Agency is responsible for managing its team members, assigning appropriate roles, promptly removing members who should no longer have access, and for all activity that occurs under its team members' credentials. The first user to create the Agency account is its owner and has full administrative control, including billing.

E. Billing. The Agency plan is billed to the Agency monthly or annually as displayed at nilledger.com. Certain features, including the Deal Analyzer, may include a monthly allotment with per-use overage charges billed to the Agency's payment method on file. The Agency is responsible for all charges incurred under its account, including overage charges generated by any of its team members.

F. Responsibility for the Agency's own conduct. The Agency is solely responsible for its own conduct, advice, representations, and obligations to its Clients, and for the security of its own account credentials and those of its team members. Nothing in the Service creates any advisory, fiduciary, or agency relationship between NIL Ledger and any athlete. NIL Ledger provides software tools only; it does not provide agency, representation, legal, tax, financial, or advisory services, and is not responsible for any advice the Agency gives its Clients or for any breach by the Agency of its obligations to its Clients. The limitations of liability, disclaimers of warranties, and indemnification provisions in these Terms apply fully to the Agency plan. This allocation of responsibility relates to the Agency's own conduct and credentials and does not limit NIL Ledger's responsibility for the security of its own platform infrastructure as described in our Privacy Policy and Trust & Security page.

G. Deal Analyzer on the Agency plan. The Deal Analyzer provides informational, AI-generated analysis for the Agency's internal use in advising its Clients. It does not constitute legal, financial, tax, or professional advice, and the Agency remains responsible for independently verifying any figures and for advising its Clients to consult a licensed attorney before signing any NIL contract.

H. Public Roster. The Agency plan includes an optional public roster page (at a nilledger.com/a/ address) on which an Agency may showcase Clients it represents. A Client is displayed on the public roster only if that Client affirmatively opts in from their own private portal, and a Client may remove themselves at any time. The public roster displays only a Client's name, sport, school, position, and optional photo; it never displays financial information. The public roster is available only to Clients who are 18 years of age or older, as confirmed by the Client at the time of opt-in, and Clients under 18 cannot be listed. The Agency is responsible for the accuracy of the Client information it enters (including school and position), for ensuring it has any rights necessary to display a Client's photo, and for promptly removing or updating Client information when appropriate. NIL Ledger relies on the Client's opt-in as the basis for display and on the age the Client provides; NIL Ledger does not independently verify a Client's age, identity, or the accuracy of roster information. The Agency agrees not to use the public roster to display any individual who has not opted in or who is under 18, and to honor all Client removal requests.

5. Acceptable Use

You agree to use the Service only for lawful purposes. You agree not to:

Use the Service in any way that violates applicable federal, state, or local laws or regulations
Input false, misleading, or fraudulent financial information
Attempt to gain unauthorized access to any part of the Service or its infrastructure
Use the Service to facilitate tax fraud or any other financial crime
Reverse engineer, decompile, or disassemble any portion of the Service
Use automated tools, bots, or scrapers to access or extract data from the Service
Resell, sublicense, or commercially exploit the Service without our written permission
Interfere with or disrupt the integrity or performance of the Service

6. NCAA Compliance Disclaimer

NIL Ledger provides a compliance log feature as an organizational tool only. This feature does not constitute legal advice and does not guarantee NCAA, conference, or institutional compliance. NIL rules vary by state, institution, and governing body and are subject to change. You are solely responsible for ensuring your NIL activities comply with all applicable rules. We strongly recommend consulting your institution's compliance office and a qualified attorney for guidance on eligibility matters.

7. Third-Party Integrations

The Service integrates with third-party providers including Stripe (payments), Supabase (data infrastructure), and Plaid (bank connectivity for Elite plan users). Your use of these integrations is subject to their respective terms of service and privacy policies. We are not responsible for the availability, accuracy, or actions of third-party services.

8. Intellectual Property

All content, features, and functionality of the Service — including text, graphics, logos, icons, software, and design — are the exclusive property of Athlete Infrastructure LLC and are protected by U.S. and international intellectual property laws. "NIL Ledger" is a trade name of Athlete Infrastructure LLC. You are granted a limited, non-exclusive, non-transferable license to access and use the Service: for athletes, for your personal, non-commercial purposes; and for Agencies, to manage your Clients' information through the Service in the ordinary course of your representation business. This license does not permit reselling, sublicensing, or otherwise commercially exploiting the Service itself without our written permission.

9. Your Data

You retain ownership of all financial data and content you input into the Service. By using the Service, you grant us a limited license to process, store, and display your data solely for the purpose of providing the Service to you. We do not claim ownership of your data and do not sell it to third parties. See our Privacy Policy for full details.

10. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. We do not warrant that the Service will be uninterrupted, error-free, or that tax calculations will be accurate.

11. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, ATHLETE INFRASTRUCTURE LLC SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES — INCLUDING LOST PROFITS, TAX PENALTIES, LOST DATA, OR LOSS OF GOODWILL — ARISING FROM YOUR USE OF OR INABILITY TO USE THE SERVICE. OUR TOTAL LIABILITY TO YOU FOR ANY CLAIMS ARISING FROM THE SERVICE SHALL NOT EXCEED THE TOTAL AMOUNT YOU PAID TO US IN THE 12 MONTHS PRECEDING THE CLAIM.

12. Indemnification

You agree to indemnify, defend, and hold harmless Athlete Infrastructure LLC, its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising from your use of the Service, your violation of these Terms, or your violation of any applicable law.

13. Termination

We reserve the right to suspend or terminate your account at our sole discretion, with or without notice, for conduct that violates these Terms or is harmful to other users, us, or third parties. Upon termination, your right to use the Service will immediately cease.

14. Governing Law and Dispute Resolution

These Terms shall be governed by the laws of the United States and the state in which Athlete Infrastructure LLC is registered, without regard to conflict of law principles. Any disputes shall be resolved through binding arbitration in accordance with the American Arbitration Association rules, except that either party may seek injunctive relief in a court of competent jurisdiction. You waive any right to participate in a class action lawsuit or class-wide arbitration.

15. Changes to Terms

We reserve the right to modify these Terms at any time. When we do, we will update the "Last Updated" date and provide notice via email or within the Service. Your continued use of the Service after changes are posted constitutes acceptance of the updated Terms.

16. Contact Us

Athlete Infrastructure LLC, d/b/a NIL Ledger
Email: support@nilledger.com