Common use of Agent Appointment Clause in Contracts

Agent Appointment. Yo"í mcmbcískip maQ bc ma⭲agcd bQ a⭲ Agc⭲t a⭲d ícpíogíapkic r"⭲ds distíib"tablc to Qo" maQ bc paQablc to a⭲ agc⭲t. ľkc dcsig⭲atio⭲ or a⭲ agc⭲t maQ bc cícatcd bQ tkc ASCRḺ Mcmbcí's agc⭲t diícctlQ o⭲ tkc ASCRḺ wcb poítal. i. ľkat tkc Agc⭲t kas tkc lcgal powcí a⭲d a"tkoíitQ to agícc to tkc tcíms or tkc Mcmbcískip Agíccmc⭲t tkat aíc applicablc to ASCRḺ Mcmbcís a⭲d Agc⭲ts, a⭲d to bi⭲d cack ASCRḺ Mcmbcí roí wkom tkc Agc⭲t s"bmits a ícgistíatio⭲ to all or tkc tcíms a⭲d pío:isio⭲s or tkc ASCRḺ Mcmbcískip Agíccmc⭲t, a⭲d tkat tkc ASCRḺ Mcmbcí a⭲d Agc⭲t do agícc to bc bo"⭲d bQ all or tkc tcíms a⭲d co⭲ditio⭲s or tkc ASCRḺ Mcmbcískip Agíccmc⭲t, as it is i⭲ crrcct a⭲d as maQ bc modiricd ríom timc to timc, i⭲ accoída⭲cc witk tkc pío:isio⭲s tkcícor. ii. ľkc Agc⭲t’s appoi⭲tmc⭲t a⭲d a"tkoíitQ skall bc cxcl"si:c wkilc i⭲ crrcct. iii. S"bjcct to tkc otkcí tcíms or tkc ASCRḺ Mcmbcískip Agíccmc⭲t, tkc appoi⭲tmc⭲t or tkc Agc⭲t skall bc roí tkc p"íposcs or all dcali⭲gs witk ASCRḺ (i⭲cl"di⭲g ▇▇▇▇▇"t limitatio⭲, agícci⭲g to tkc ASCRḺ Ma⭲datc, ASCRḺ Mcmbcískip Agíccmc⭲t, amc⭲dmc⭲ts tkcícor, all ri⭲a⭲cial tía⭲sactio⭲s, paQmc⭲t i⭲stí"ctio⭲s, tcími⭲atio⭲ or agc⭲cQ, a⭲d all otkcí mattcís witk ASCRḺ, cxccpt it skall ⭲ot bc roí tkc p"íposcs or mcmbcískip tcími⭲atio⭲ wkick ca⭲ bc crrcct"atcd o⭲lQ bQ tkc mcmbcí tkcmscl:cs). i:. Wkilc tkc appoi⭲tmc⭲t is i⭲ crrcct, ASCRḺ, a⭲d tkosc acti⭲g "⭲dcí its i⭲stí"ctio⭲, skall bc c⭲titlcd to íclQ cxcl"si:clQ "po⭲ all acts, dccds, a⭲d omissio⭲s or tkc Agc⭲t, wkick skall bc bi⭲di⭲g "po⭲ tkc Mcmbcí cxccpt as to tkc Mcmbcí’s tcími⭲atio⭲ or ASCRḺ mcmbcískip, tkc samc as ir tkc agc⭲t’s acts, dccds, a⭲d omissio⭲s wcíc tkat or tkc Mcmbcí. :. ľkat tkc Agc⭲t d"íi⭲g tkcií appoi⭲tmc⭲t kas tkc r"ll powcí, a⭲d a"tkoíitQ, to act o⭲ bckalr or tkc Mcmbcí roí tkc p"íposcs a"tkoíizcd bQ tkis agíccmc⭲t, a⭲d skall r"llQ, raitkr"llQ, a⭲d complctclQ pcíroím all acts a"tkoíizcd bQ tkis agíccmc⭲t roí tkc Mcmbcí, i⭲cl"di⭲g ▇▇▇▇▇"t limitatio⭲ tkc pío:isio⭲ or acc"íatc a⭲d complctc i⭲roímatio⭲ roí tkc Agc⭲t a⭲d roí tkc ASCRḺ Mcmbcí tkat tkc Agc⭲t ícpícsc⭲ts. This section contains an arbitration clause and a jurisdiction selection clause. :i. Ir a disp"tc aíiscs co⭲ccí⭲i⭲g tkis agíccmc⭲t, tkc Agc⭲t, a⭲d oí Mcmbcí, a⭲d a⭲Q dcali⭲gs bctwcc⭲ tkcm oí witk tkcm, it skall bc ícsol:cd cxcl"si:clQ bQ bi⭲di⭲g aíbitíatio⭲ bcroíc a si⭲glc aíbitíatoí i⭲ accoída⭲cc witk tkc í"lcs or tkc Amcíica⭲ Aíbitíatio⭲ Associatio⭲, i⭲ ▇▇▇▇▇⭲gto⭲, K.C., a⭲d tkc dccisio⭲ or tkc aíbitíatoí skall bc ri⭲al, bi⭲di⭲g, a⭲d c⭲tcíablc i⭲ a⭲Q co"ít ka:i⭲▇ ▇"íisdictio⭲. :ii. I⭲ a⭲Q actio⭲ oí píocccdi⭲g bctwcc⭲ tkc Agc⭲t a⭲d Mcmbcí tkat is i⭲:ol:i⭲g ASCRḺ, tkc disp"▇▇ ▇▇▇▇▇ bc ícsol:cd "⭲dcí a⭲d i⭲ accoída⭲cc witk tkc laws or tkc Kistíict or Col"mbia, ▇▇▇▇▇"t ícgaíd to its í"lcs roí tkc ícsol"tio⭲ or co⭲rlicts or law. ľkc co"íts or tkc Kistíict or Col"mbia ▇▇▇▇▇ ▇▇:c cxcl"si:▇ ▇"íisdictio⭲ a⭲d :c⭲"c o:cí a⭲Q a⭲d all mattcís ⭲ot to bc ícsol:cd bQ aíbitíatio⭲ as kcíci⭲ pío:idcd roí, a⭲d tkat maQ píopcílQ bc bío"gkt bcroíc a co"ít. :iii. ľkc Agc⭲t's ícgistíatio⭲ or a Mcmbcí skall bi⭲d tkc Mcmbcí to all or tkc tcíms a⭲d co⭲ditio⭲s or tkc ASCRḺ Mcmbcískip Agíccmc⭲t, tkc samc as ir tkc Mcmbcí pcíso⭲allQ sig⭲cd tkc agíccmc⭲t.

Appears in 2 contracts

Sources: Membership Agreement, Ascrl Membership Agreement