Common use of Access to Hankotrade System and Authentication of transactions Clause in Contracts

Access to Hankotrade System and Authentication of transactions. (a) Your access to the Hankotrade System shall be through the use of your Access Code. All electronic communication received through the Hankotrade System, or via email which Hankotrade reasonably believes originated from the email address registered to your Account, may be relied upon by Hankotrade as a valid and authentic communication from you and as authority to enter into Transactions with you. You acknowledge and agree that such electronic communication will be binding on you, shall constitute your electronic signature and will be given the same legal effect as written and signed paper communications. You agree that such form of electronic communication is valid and you will not contest the validity of the electronic records or any paper or electronic copies of such electronic records, absent proof of altered data or tampering. (b) You agree to keep your Access Code confidential, change the password associated with your Access Code frequently, and to use your best efforts to prevent unauthorized access to your Account and unauthorized Transactions. You agree that you shall not leave the Hankotrade System running unattended and acknowledge that you do so at your own risk. You agree to provide Hankotrade with immediate notice upon discovering or determining that your Access Code has been discovered or disclosed or that an unauthorized Transaction has occurred on your Account. You agree that Hankotrade will not be liable for any losses or damages you may suffer as a result of any such discovery or disclosure of your Access Code or as a result of any such unauthorized transaction.

Appears in 2 contracts

Sources: Customer Agreement, Customer Agreement