Terms of Use

This website is operated by YBNA LLC, a limited liability company registered in the State of Wyoming, United States (“YBNA”). It is informational. It explains YBNA's approach, its method, and the nature of its service. Nothing on it is a public offer, a contractual commitment, or a solicitation, and nothing on it is advice, a recommendation, or a binding decision of any kind.

YBNA publishes memoranda examining public decisions whose outcomes are already known. These memoranda are prepared solely from publicly available sources, which are cited within each memorandum; they were not commissioned or paid for by any party, and do not constitute a professional opinion delivered to any party. They express YBNA's independent analytical assessment of the decision as it was knowable at the time it was taken, and make no statement about the persons or organizations involved beyond that assessment. Nothing in a published memorandum is advice to any reader.

All text and material on this website, including published memoranda, belongs to YBNA and is protected by applicable intellectual property law. None of it may be copied, reproduced, republished, or used for commercial or public purposes without YBNA's prior written permission. Published memoranda may be shared by link, or quoted with attribution to YBNA.

Communication with YBNA is by email only: [email protected]

Sending a message, information, or material creates no obligation on YBNA's part and does not amount to accepting an engagement unless YBNA confirms it expressly in writing.

YBNA gives written professional opinions based only on the information supplied to it. All decisions, implementation, and outcomes remain the sole responsibility of the party that decides. YBNA is not liable for decisions taken on the basis of its opinions, for the direct or indirect outcomes of such decisions, or for any loss or damage arising from the use of this website or its content, including published memoranda.

YBNA makes reasonable efforts to keep the website accurate and available, but does not guarantee that it will be free of errors, interruptions, or technical problems.

YBNA may amend these Terms of Use at any time. Continuing to use the website after an amendment is published means accepting the amended Terms.

These Terms are governed by the laws of the State of Wyoming, United States, without regard to its conflict-of-laws rules.