Common use of Conclusiveness Clause in Contracts

Conclusiveness. It is the responsibility of the Client to check with the Broker as to whether any of his instructions has been executed. Save and except for such contract notes and monthly statements, the Broker shall not be obliged to notify the Client separately as to whether an instruction has been executed. The Client agrees that it is his responsibility to ensure that every contract note and monthly statement is received in due time according to the ordinary course of posting and to immediately enquire with and obtain the same from the Broker if not duly received. The contract notes and the monthly statements for the Account shall be conclusive against the Client without further proof if not objected to by the Client in writing and received by the Broker within 24 hours after delivery to the Client (in the case of contract notes) or within 7 Business Days after despatch by post to the Client (in the case of monthly statements). The Client agrees to settle any amount due and owing to the Broker as set out in the contract notes and monthly statements on the settlement day (in the case of contract notes) or within the period specified in the monthly statements.