Common use of Agreement Effect Clause in Contracts

Agreement Effect. This Agreement is binding on the Company, its successors, assigns, and the Client’s heirs, executors, administrators, legatees, successors, personal representatives, and assigns. The Client accepts and agrees to abide by the terms and any future amendments thereof, without the need for notification from the Company. The first post-amendment transaction initiated by the Client in any account signifies the Client’s acceptance of the change as of the effective date of the amendment and such initiation and the subsequent execution of such transaction by the Company shall constitute reciprocal good consideration for the variance or amendment abovementioned, the sufficiency of which is hereby acknowledged and agreed by the Client and the Company respectively. The Company requires timely updates regarding changes to the Client’s information, with additional data/documents as necessary. The Agreement's terms may be modified, and notice will be communicated through the Company's website or direct notification. In case of the Client's incapacity/death, the Company will freeze accounts upon legal notification, requiring relevant documents for account action. The Company is not liable for losses or charges during the period between incapacity/death and legal notice receipt. The Company may terminate this Agreement with 7 days' notice, restricting new trades but allowing the management of existing ones. Immediate termination may occur if the Client breaches the Agreement, provides false information, fails to update personal details, or engages in activities contrary to the Agreement's terms. The Client can terminate at any time, with liabilities remaining unaffected. Upon termination, the Company will return the Client’s account funds after deducting charges, fees, or other required deductions. The Company, in its discretion, may declare a Force Majeure Event during emergencies or exceptional market conditions, encompassing situations like acts, events, or occurrences disrupting the orderly market for the Financial Instruments. This includes market suspensions, closures, or excessive movements in Financial Instruments. In such instances, the Company may take actions without prior notice, such as adjusting margin requirements, closing open positions, suspending/modifying Agreement terms, and altering trading times for specific Financial Instruments. This agreement is subject to the laws which are in effect in the Union of Comoros. No action, regardless of form, arising out of transactions under this Agreement may be brought by the Client after three months have elapsed from the day that the cause of action arose.

Agreement Effect. This Agreement is binding on the Company, its successors, assigns, and the Client’s heirs, executors, administrators, legatees, successors, personal representatives, and assigns. The Client accepts and agrees to abide by the terms and any future amendments thereof, without the need for notification from the Company. The first post-amendment transaction initiated by the Client in any account signifies the Client’s acceptance of the change as of the effective date of the amendment and such initiation and the subsequent execution of such transaction by the Company shall constitute reciprocal good consideration for the variance or amendment abovementioned, the sufficiency of which is hereby acknowledged and agreed by the Client and the Company respectively. The Company requires timely updates regarding changes to the Client’s information, with additional data/documents as necessary. The Agreement's terms may be modified, and notice will be communicated through the Company's website or direct notification. In case of the Client's incapacity/death, the Company will freeze accounts upon legal notification, requiring relevant documents for account action. The Company is not liable for losses or charges during the period between incapacity/death and legal notice receipt. The Company may terminate this Agreement with 7 30 days' notice, restricting new trades but allowing the management of existing ones. Immediate termination may occur if the Client breaches the Agreement, provides false information, fails to update personal details, or engages in activities contrary to the Agreement's terms. The Client can terminate at any time, with liabilities remaining unaffected. Upon termination, the Company will return the Client’s account funds after deducting charges, fees, or other required deductions. The Company, in its discretion, may declare a Force Majeure Event during emergencies or exceptional market conditions, encompassing situations like acts, events, or occurrences disrupting the orderly market for the Financial Instruments. This includes market suspensions, closures, or excessive movements in Financial Instruments. In such instances, the Company may take actions without prior notice, such as adjusting margin requirements, closing open positions, suspending/modifying Agreement terms, and altering trading times for specific Financial Instruments. This agreement is subject to the laws which are in effect in the Union of Comoros. No action, regardless of form, arising out of transactions under this Agreement may be brought by the Client after three months have elapsed from the day that the cause of action arose.