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Each entry is rounded on its own, using the setting in Settings > Billing increments. You can round up or to the nearest 0.1, 0.25, or 0.5 hour, or turn rounding off. The actual time is always kept.
By default the app bills at least one increment for any entry. You can turn that off in Settings.
Yes. The app saves the start time, not a running counter, so the timer stays correct if you leave the app or lock your phone.
Open a matter and tap the menu, or use the share button on the Totals tab. You can export a CSV file or share a text summary.
Adding a fourth matter opens the purchase screen, or use Settings. It is a one-time purchase, not a subscription. If you already bought it on another device, tap Restore Purchase.
Only on your iPhone. See the Privacy Policy. Deleting the app deletes its data, so export anything you need to keep first.
In Re: Time records and totals time. It does not provide legal advice. Confirm your billing and rounding practices with your clients and your jurisdiction's rules.