{"component": "clause", "props": {"groups": [{"snippet": "4.1 In order to facilitate trading in CFDs, the Company will open a Client Account for the Client, which will be activated upon the Client depositing the minimum initial deposit as determined by the Company in its discretion from time to time. The minimum initial deposit may vary according to the type of the Client Account. This information is made available on our Website.\n4.2 The Company may offer different types of Client Accounts with different characteristics, different method of execution and different requirements. 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The Client creates its Client Account online within the OVHcloud Website. The Client shall provide all the required information (email address, name, address, bank details, etc.), and undertakes that all of the information thus provided is correct and up to date throughout the entire duration of the Contract. When a Client Account is created and used by a third party, such person shall be considered as acting in the name and on behalf of the Client, and having full power and authority to enter into and perform this Contract on behalf of the Client.", "samples": [{"hash": "jvwrZMKGhVT", "uri": "/contracts/jvwrZMKGhVT#client-account", "label": "General Terms of Service", "score": 33.3482666016, "published": true}, {"hash": "4qoNHGupzjr", "uri": "/contracts/4qoNHGupzjr#client-account", "label": "General Terms of Service", "score": 33.3400535583, "published": true}, {"hash": "l7Ub1ZiQhV8", "uri": "/contracts/l7Ub1ZiQhV8#client-account", "label": "General Terms of Service", "score": 32.4668312073, "published": true}], "size": 9, "snippet_links": [{"key": "the-client-must", "type": "clause", "offset": [39, 54]}, {"key": "ovhcloud-website", "type": "definition", "offset": [140, 156]}, {"key": "the-client-shall", "type": "clause", "offset": [158, 174]}, {"key": "required-information", "type": "clause", "offset": [191, 211]}, {"key": "email-address", "type": "clause", "offset": [213, 226]}, {"key": "bank-details", "type": "definition", "offset": [243, 255]}, {"key": "the-information", "type": "clause", "offset": [291, 306]}, {"key": "up-to-date", "type": "definition", "offset": [336, 346]}, {"key": "duration-of-the-contract", "type": "definition", "offset": [369, 393]}, {"key": "a-client-account", "type": "clause", "offset": [400, 416]}, {"key": "by-a-third-party", "type": "clause", "offset": [437, 453]}, {"key": "on-behalf-of", "type": "definition", "offset": [513, 525]}, {"key": "authority-to-enter", "type": "clause", "offset": [564, 582]}, {"key": "this-contract", "type": "clause", "offset": [600, 613]}], "hash": "51a12571006f1d3ee0876530167ddfa7", "id": 3}, {"snippet": "You can register for an Account or add an Account type to use the Site and Site Services as a Client (a \u201cClient Account\u201d). Each User under a Client Account (\u201cTeam Member\u201d) can be given different permissions to act on behalf of the Client Account.", "samples": [{"hash": "iZCXg8bSIj1", "uri": "/contracts/iZCXg8bSIj1#client-account", "label": "User Agreement", "score": 33.1812858582, "published": true}, {"hash": "78Nd9Ao8r4u", "uri": "/contracts/78Nd9Ao8r4u#client-account", "label": "User Agreement", "score": 32.9321861267, "published": true}, {"hash": "aUJULIZYwN4", "uri": "/contracts/aUJULIZYwN4#client-account", "label": "User Agreement", "score": 32.2560539246, "published": true}], "size": 11, "snippet_links": [{"key": "account-type", "type": "clause", "offset": [42, 54]}, {"key": "the-site", "type": "clause", "offset": [62, 70]}, {"key": "site-services", "type": "definition", "offset": [75, 88]}, {"key": "a-client-account", "type": "clause", "offset": [139, 155]}, {"key": "team-member", "type": "clause", "offset": [158, 169]}, {"key": "to-act", "type": "definition", "offset": [207, 213]}, {"key": "on-behalf-of", "type": "definition", "offset": [214, 226]}, {"key": "the-client-account", "type": "clause", "offset": [227, 245]}], "hash": "7d345049bb61452adc24afdd756485cd", "id": 2}, {"snippet": "In the case of Joint/Multiple Agency Agreements \u2013 details of each client account must be provided", "samples": [{"hash": "eH0EFKTe2JT", "uri": "/contracts/eH0EFKTe2JT#client-account", "label": "Property Services Agreement", "score": 29.2229499817, "published": true}, {"hash": "HV4Ps6Xmyx", "uri": "/contracts/HV4Ps6Xmyx#client-account", "label": "Letting of Agricultural Land", "score": 23.3750858307, "published": true}, {"hash": "kJkkPbWAF4y", "uri": "/contracts/kJkkPbWAF4y#client-account", "label": "Property Services Agreement", "score": 22.8713207245, "published": true}], "size": 7, "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [0, 11]}, {"key": "agency-agreements", "type": "clause", "offset": [30, 47]}, {"key": "details-of", "type": "clause", "offset": [50, 60]}], "hash": "74e3427f01b397a2df623089e646fc82", "id": 4}, {"snippet": "Any monies held by us on behalf of our clients in accordance with the Solicitors Accounts Rules (Rules) shall be held at the Winchester, UK branch of Svenska Handelsbanken AB (publ). In accordance with these Rules, we will account to you for any interest accruing, where it is fair and reasonable to do so in all the circumstances.", "samples": [{"hash": "cUO8LAp3ms7", "uri": "/contracts/cUO8LAp3ms7#client-account", "label": "Terms of Business", "score": 21.8425731659, "published": true}, {"hash": "9n1KrRirXhU", "uri": "/contracts/9n1KrRirXhU#client-account", "label": "Terms of Business", "score": 21.5633125305, "published": true}, {"hash": "i8z5ShtNslt", "uri": "/contracts/i8z5ShtNslt#client-account", "label": "Terms of Business", "score": 20.6721420288, "published": true}], "size": 7, "snippet_links": [{"key": "monies-held-by-us", "type": "clause", "offset": [4, 21]}, {"key": "on-behalf-of", "type": "definition", "offset": [22, 34]}, {"key": "our-clients", "type": "clause", "offset": [35, 46]}, {"key": "in-accordance-with", "type": "clause", "offset": [47, 65]}, {"key": "these-rules", "type": "definition", "offset": [202, 213]}, {"key": "interest-accruing", "type": "clause", "offset": [246, 263]}, {"key": "fair-and-reasonable", "type": "definition", "offset": [277, 296]}], "hash": "ed464966ec4ff2e2c25e197689692320", "id": 5}, {"snippet": "To be able to order OVH Services, the Client must have a valid Client Account (hereafter known as \u201cAccount\u201d or \u201cClient Account\u201d). The Client creates its Client Account online within the OVH Website. The Client shall provide all the required information (email address, name, address, bank details, etc.), and undertakes that all of the information thus provided is correct and up to date throughout the entire duration of the Contract. When a Client Account is created and used by a third party, such person shall be considered as acting in the name and on behalf of the Client, and having full power and authority to enter into and perform this Contract on behalf of the Client.", "samples": [{"hash": "iYHqHZ6t9yZ", "uri": "/contracts/iYHqHZ6t9yZ#client-account", "label": "General Terms and Conditions of Service", "score": 31.3400535583, "published": true}, {"hash": "bbgkOcP2Q2J", "uri": "/contracts/bbgkOcP2Q2J#client-account", "label": "General Terms and Conditions of Service", "score": 31.3400535583, "published": true}, {"hash": "24gQWPQHYGH", "uri": "/contracts/24gQWPQHYGH#client-account", "label": "General Terms of Service", "score": 29.7222690582, "published": true}], "size": 5, "snippet_links": [{"key": "the-client-must", "type": "clause", "offset": [34, 49]}, {"key": "the-client-shall", "type": "clause", "offset": [199, 215]}, {"key": "required-information", "type": "clause", "offset": [232, 252]}, {"key": "email-address", "type": "clause", "offset": [254, 267]}, {"key": "bank-details", "type": "definition", "offset": [284, 296]}, {"key": "the-information", "type": "clause", "offset": [332, 347]}, {"key": "up-to-date", "type": "definition", "offset": [377, 387]}, {"key": "duration-of-the-contract", "type": "definition", "offset": [410, 434]}, {"key": "a-client-account", "type": "clause", "offset": [441, 457]}, {"key": "by-a-third-party", "type": "clause", "offset": [478, 494]}, {"key": "on-behalf-of", "type": "definition", "offset": [554, 566]}, {"key": "authority-to-enter", "type": "clause", "offset": [605, 623]}, {"key": "this-contract", "type": "clause", "offset": [641, 654]}], "hash": "0e9035a31867ef6cad18b1028c6af33b", "id": 6}, {"snippet": "Once payment has been received funds will be held in a client account on behalf of the buyer. You will be notified by email and the project dashboard will be updated by Traktion Technologies to confirm receipt of funds.", "samples": [{"hash": "f7IlqY0jWac", "uri": "/contracts/f7IlqY0jWac#client-account", "label": "Traktion Platform Agreement", "score": 31.3701648712, "published": true}, {"hash": "kob9FWUWdEL", "uri": "/contracts/kob9FWUWdEL#client-account", "label": "Traktion Platform Agreement", "score": 29.8043899536, "published": true}, {"hash": "11J1djidF5L", "uri": "/contracts/11J1djidF5L#client-account", "label": "Traktion Platform Agreement", "score": 29.6976318359, "published": true}], "size": 5, "snippet_links": [{"key": "a-client-account", "type": "clause", "offset": [53, 69]}, {"key": "of-the-buyer", "type": "clause", "offset": [80, 92]}, {"key": "by-email", "type": "clause", "offset": [115, 123]}, {"key": "the-project", "type": "clause", "offset": [128, 139]}, {"key": "receipt-of-funds", "type": "clause", "offset": [202, 218]}], "hash": "da53b7aa3c86758eae3c556a92e68085", "id": 7}, {"snippet": "This is a designated client account from which we will distribute promptly (normally within 5 working days) to your creditors Cleared Funds as they are available All monies received from you are held in a separate ringfenced Client Account separate from the funds of Fresh Start UK.", "samples": [{"hash": "9HMBvk9fpiT", "uri": "/contracts/9HMBvk9fpiT#client-account", "label": "Debt Management Agreement", "score": 26.6163730621, "published": true}, {"hash": "kV8b7WgSfHh", "uri": "/contracts/kV8b7WgSfHh#client-account", "label": "Debt Management Agreement", "score": 22.2197132111, "published": true}, {"hash": "iojfMOB6WVQ", "uri": "/contracts/iojfMOB6WVQ#client-account", "label": "Debt Management Agreement", "score": 21.8049278259, "published": true}], "size": 5, "snippet_links": [{"key": "designated-client-account", "type": "definition", "offset": [10, 35]}, {"key": "working-days", "type": "definition", "offset": [94, 106]}, {"key": "cleared-funds", "type": "definition", "offset": [126, 139]}, {"key": "monies-received", "type": "definition", "offset": [166, 181]}, {"key": "a-separate", "type": "definition", "offset": [203, 213]}, {"key": "the-funds", "type": "clause", "offset": [254, 263]}, {"key": "fresh-start", "type": "definition", "offset": [267, 278]}], "hash": "b00ad296687a6d429cfdd30f670803ea", "id": 8}, {"snippet": "You can register for an Account or add an Account Type to use the Services as a Client (a \u201cClient Account\u201d). Client Account Types have a feature that allows the account owner to give permissions to other Users (\u201cTeam Members\u201d) to act on behalf of the Client Account. Each Team Member must have their own Account to be added as a Team Member on the Client Account.", "samples": [{"hash": "gRCH0IW6AX5", "uri": "/contracts/gRCH0IW6AX5#client-account", "label": "User Agreement", "score": 33.4334564209, "published": true}, {"hash": "ipdYjUZcL6g", "uri": "/contracts/ipdYjUZcL6g#client-account", "label": "User Agreement", "score": 33.1802520752, "published": true}, {"hash": "ahIdFyauV5X", "uri": "/contracts/ahIdFyauV5X#client-account", "label": "User Agreement", "score": 32.5097694397, "published": true}], "size": 3, "snippet_links": [{"key": "the-services", "type": "clause", "offset": [62, 74]}, {"key": "account-types", "type": "clause", "offset": [116, 129]}, {"key": "account-owner", "type": "clause", "offset": [161, 174]}, {"key": "to-other-users", "type": "clause", "offset": [195, 209]}, {"key": "team-members", "type": "clause", "offset": [212, 224]}, {"key": "to-act", "type": "definition", "offset": [227, 233]}, {"key": "on-behalf-of", "type": "definition", "offset": [234, 246]}, {"key": "the-client-account", "type": "clause", "offset": [247, 265]}, {"key": "own-account", "type": "clause", "offset": [300, 311]}, {"key": "to-be-added", "type": "clause", "offset": [312, 323]}, {"key": "a-team", "type": "definition", "offset": [327, 333]}], "hash": "d54702741fcffb754c7ec94cba679884", "id": 9}, {"snippet": "You can register for an Account or add an Account type to use the Site and Site Services as a Client (a \u201cClient Account\u201d).", "samples": [{"hash": "gVt0A6MgtEZ", "uri": "/contracts/gVt0A6MgtEZ#client-account", "label": "User Agreement", "score": 29.7085819244, "published": true}, {"hash": "3eoaiczYqoD", "uri": "/contracts/3eoaiczYqoD#client-account", "label": "User Agreement", "score": 26.6878852844, "published": true}], "size": 2, "snippet_links": [{"key": "account-type", "type": "clause", "offset": [42, 54]}, {"key": "the-site", "type": "clause", "offset": [62, 70]}, {"key": "site-services", "type": "definition", "offset": [75, 88]}], "hash": "e31055d01fa24bd6b99d00ca9007d621", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdjbGllbnQtYWNjb3VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Client Account", "size": 143, "children": [["combination-of-accounts", "Combination of Accounts"], ["accounts-to-be-kept-separate", "Accounts to be kept separate"], ["references-to-account", "References to Account"], ["custody-of-assets", "Custody of Assets"], ["responsibilities", "Responsibilities"]], "parents": [["miscellaneous", "Miscellaneous"], ["account-types", "ACCOUNT TYPES"], ["upwork-accounts", "UPWORK ACCOUNTS"], ["ordering-services", "Ordering Services"], ["consequences-of-termination-of-agreement", "* Consequences of Termination of Agreement"]], "id": "client-account", "related": [["concentration-account", "Concentration Account", "Concentration Account"], ["payment-account", "Payment Account", "Payment Account"], ["disbursement-account", "Disbursement Account", "Disbursement Account"], ["operating-account", "Operating Account", "Operating Account"], ["account-access", "Account Access", "Account Access"]], "related_snippets": [], "updated": "2025-07-17T06:09:22+00:00", "also_ask": ["What are the essential protections for both parties in a Client Account clause?", "How can the clause be structured to minimize misappropriation or commingling risks?", "What negotiation leverage points exist regarding control and access to the account?", "How do local laws or industry standards impact enforceability of Client Account provisions?", "What are the most common pitfalls that lead to litigation over Client Account clauses?"], "drafting_tip": "Specify account ownership to clarify rights, define permitted uses to prevent misuse, and outline closure procedures to ensure orderly termination.", "explanation": "The Client Account clause establishes the requirement for maintaining a separate account to hold funds on behalf of the client. Typically, this clause specifies that any money received from or for the client must be deposited into a designated account, distinct from the service provider\u2019s own funds, and may outline procedures for withdrawals, interest, and account management. Its core function is to safeguard client funds, ensuring they are not commingled with the provider\u2019s assets and are available for their intended purpose, thereby protecting the client\u2019s financial interests and promoting transparency."}, "json": true, "cursor": ""}}