{"component": "clause", "props": {"groups": [{"samples": [{"hash": "g5zYYUl8Qq8", "uri": "/contracts/g5zYYUl8Qq8#execution-only", "label": "Client Agreement", "score": 32.0726518617, "published": true}, {"hash": "2c9o7f2JAmA", "uri": "/contracts/2c9o7f2JAmA#execution-only", "label": "Client Agreement", "score": 31.8208140443, "published": true}, {"hash": "h9djvAomC51", "uri": "/contracts/h9djvAomC51#execution-only", "label": "Client Agreement", "score": 26.8138261465, "published": true}], "snippet": "We deal on an execution only basis and do not advise on the merits of particular Transactions, or their taxation consequences.", "snippet_links": [{"key": "on-the-merits", "type": "definition", "offset": [53, 66]}], "size": 17, "hash": "95a9e357224f75d3576245659e0f24c8", "id": 1}, {"samples": [{"hash": "kKVmt7Bubs1", "uri": "/contracts/kKVmt7Bubs1#execution-only", "label": "Customer Agreement", "score": 28.5606092564, "published": true}, {"hash": "lwKUlJ7kLCB", "uri": "/contracts/lwKUlJ7kLCB#execution-only", "label": "Client Service Agreement", "score": 27.1095140315, "published": true}, {"hash": "dbYGt5bhTnb", "uri": "/contracts/dbYGt5bhTnb#execution-only", "label": "Client Service Agreement", "score": 27.1095140315, "published": true}], "snippet": "We deal with you on an execution-only basis and will not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing in particular investments or executing particular Transactions, their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or Transactions. You should bear in mind that merely explaining the terms of a Transaction or Financial Instrument or its performance characteristics does not itself amount to advice on the merits of the investment.", "snippet_links": [{"key": "personal-recommendations", "type": "clause", "offset": [62, 86]}, {"key": "on-the-merits", "type": "definition", "offset": [97, 110]}, {"key": "in-particular", "type": "clause", "offset": [170, 183]}, {"key": "other-consequences", "type": "clause", "offset": [266, 284]}, {"key": "other-rights-or-obligations", "type": "clause", "offset": [326, 353]}, {"key": "terms-of", "type": "definition", "offset": [452, 460]}, {"key": "financial-instrument", "type": "clause", "offset": [478, 498]}, {"key": "performance-characteristics", "type": "definition", "offset": [506, 533]}, {"key": "the-investment", "type": "definition", "offset": [584, 598]}], "size": 12, "hash": "e59f6ebbd9eead7b83fb0745896d55ee", "id": 2}, {"samples": [{"hash": "aEettgSfqIP", "uri": "/contracts/aEettgSfqIP#execution-only", "label": "General Terms & Conditions", "score": 27.8115862405, "published": true}, {"hash": "6fnXdqdvVZL", "uri": "/contracts/6fnXdqdvVZL#execution-only", "label": "B2b General Terms & Conditions", "score": 24.4592744695, "published": true}, {"hash": "kWHy8WBOd7p", "uri": "/contracts/kWHy8WBOd7p#execution-only", "label": "General Terms & Conditions", "score": 23.4065708419, "published": true}], "snippet": "Equiti UK may receive and transmit orders and provide execution-only brokerage services for transactions in Forex, Contracts for Difference and Precious Metals, and such other investments which we may notify to you from time to time (the \u201cServices\u201d). We may receive and transmit orders or deal as agent on your behalf (as a riskless principal, matched principal or otherwise) only for the purposes of the execution of transactions. We will not make personal recommendations or advise on the merits or suitability of purchasing, selling or otherwise dealing in particular investments or executing particular transactions, their legal, tax, accounting or other consequences or the composition of any account or any other rights or obligations attaching to such investments or transactions. 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All services of Finst are on the basis of Execution Only. Client alone determines and bears the responsibility of the investment strategy and choices of Client. Client acknowledges that Finst will not provide advice to Client and that only Client is responsible for the transactions of Client. Investing on the basis of Execution Only may involve a higher risk.", "snippet_links": [{"key": "provide-investment-advice", "type": "clause", "offset": [15, 40]}, {"key": "the-balance", "type": "clause", "offset": [61, 72]}, {"key": "services-of-finst", "type": "clause", "offset": [78, 95]}, {"key": "basis-of", "type": "clause", "offset": [107, 115]}, {"key": "investment-strategy", "type": "definition", "offset": [192, 211]}, {"key": "of-client", "type": "clause", "offset": [224, 233]}, {"key": "to-client", "type": "clause", "offset": [290, 299]}, {"key": "responsible-for", "type": "clause", "offset": [324, 339]}, {"key": "the-transactions", "type": "clause", "offset": [340, 356]}], "size": 5, "hash": "3f0d0ea8f431c600af38cda2bb12408b", "id": 4}, {"samples": [{"hash": "4G5cpX3ooGQ", "uri": "/contracts/4G5cpX3ooGQ#execution-only", "label": "Access Agreement", "score": 30.7624684919, "published": true}, {"hash": "91xzfFQb3Cy", "uri": "/contracts/91xzfFQb3Cy#execution-only", "label": "Terms and Conditions", "score": 26.9657396582, "published": true}, {"hash": "6kIcgulkJn6", "uri": "/contracts/6kIcgulkJn6#execution-only", "label": "Access Agreement", "score": 24.2648870637, "published": true}], "snippet": "no advisory services", "snippet_links": [{"key": "advisory-services", "type": "clause", "offset": [3, 20]}], "size": 3, "hash": "bf6cdc04748149bb70884cd25c587f2e", "id": 7}, {"samples": [{"hash": "gJhDgFenLj5", "uri": "/contracts/gJhDgFenLj5#execution-only", "label": "Terms and Conditions", "score": 23.2986828019, "published": true}, {"hash": "70aG6TeJXFo", "uri": "/contracts/70aG6TeJXFo#execution-only", "label": "Terms and Conditions", "score": 23.2986828019, "published": true}], "snippet": "We will not advise you about the merits of a particular transaction we reasonably believe, when you give the order for the transaction, that you are not expecting such advice and are dealing on an execution only basis. Similarly, we will deal on an execution only basis where we believe that a particular transaction, as instructed by you, is not in accordance with your risk objectives. You may choose to change your account from execution only to advisory or vice-versa at any time by informing your broker. However, in the event that you change from advisory to execution only, any existing positions within the advisory account will be regarded as such for their corresponding sales.", "snippet_links": [{"key": "the-transaction", "type": "clause", "offset": [119, 134]}, {"key": "we-believe", "type": "clause", "offset": [276, 286]}, {"key": "in-accordance-with", "type": "definition", "offset": [347, 365]}, {"key": "your-risk", "type": "clause", "offset": [366, 375]}, {"key": "your-account", "type": "definition", "offset": [413, 425]}, {"key": "at-any-time", "type": "clause", "offset": [472, 483]}, {"key": "in-the-event", "type": "clause", "offset": [519, 531]}, {"key": "existing-positions", "type": "clause", "offset": [585, 603]}, {"key": "advisory-account", "type": "definition", "offset": [615, 631]}], "size": 5, "hash": "b0daefa7bd641e3ebcc2470a70e02af5", "id": 5}, {"samples": [{"hash": "eIIgnP2Fgeh", "uri": "/contracts/eIIgnP2Fgeh#execution-only", "label": "Terms and Conditions", "score": 23.893908282, "published": true}, {"hash": "i86GndlHbFx", "uri": "/contracts/i86GndlHbFx#execution-only", "label": "Terms and Conditions", "score": 22.6331279945, "published": true}], "snippet": "If you have not completed our Financial Questionnaire, you will be deemed to be trading on an execution-only basis. You will therefore not benefit from the protections of the FSC rules relating to suitability, which would otherwise require GAM to ensure that a product is suitable for you when taking into account your financial situation and your investment objectives. We will accept no responsibility for advising you as to the merits of any investment or transaction. We do not accept responsibility on a continuing basis for advising on the composition of your account or portfolio. You will still benefit from the protections of the FSC rules relating to appropriateness that requires GAM to ensure that a complex investment service is appropriate for you when taking into account your knowledge and experience in the relevant investment field.", "snippet_links": [{"key": "not-completed", "type": "clause", "offset": [12, 25]}, {"key": "financial-questionnaire", "type": "definition", "offset": [30, 53]}, {"key": "fsc-rules", "type": "definition", "offset": [175, 184]}, {"key": "relating-to", "type": "definition", "offset": [185, 196]}, {"key": "to-ensure", "type": "clause", "offset": [244, 253]}, {"key": "financial-situation", "type": "clause", "offset": [319, 338]}, {"key": "your-investment-objectives", "type": "clause", "offset": [343, 369]}, {"key": "responsibility-for", "type": "clause", "offset": [389, 407]}, {"key": "your-account", "type": "definition", "offset": [561, 573]}, {"key": "investment-service", "type": "definition", "offset": [720, 738]}, {"key": "your-knowledge-and-experience", "type": "clause", "offset": [787, 816]}, {"key": "the-relevant", "type": "clause", "offset": [820, 832]}], "size": 2, "hash": "117dba4a8d38d3d114f1a3858648d7ef", "id": 10}, {"samples": [{"hash": "5CdNBT0szzG", "uri": "/contracts/5CdNBT0szzG#execution-only", "label": "Eligible Counterparty Agreement", "score": 32.1366270171, "published": true}, {"hash": "f9WBpnm0URK", "uri": "/contracts/f9WBpnm0URK#execution-only", "label": "Eligible Counterparty Agreement", "score": 31.0334678823, "published": true}, {"hash": "2lfWout7xw1", "uri": "/contracts/2lfWout7xw1#execution-only", "label": "Eligible Counterparty Agreement", "score": 29.9576824233, "published": true}], "snippet": "We deal on an execution-only basis in relation to complex and non- complex products and do not advise on the merits of particular Transactions, or their taxation consequences. As you are an Eligible Counterparty we are not required to assess the appropriateness of a product or service that we provide to you but can assume that you have the expertise to choose the most appropriate product or service for yourself.", "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [35, 49]}, {"key": "complex-products", "type": "definition", "offset": [67, 83]}, {"key": "on-the-merits", "type": "definition", "offset": [102, 115]}, {"key": "eligible-counterparty", "type": "definition", "offset": [190, 211]}, {"key": "not-required", "type": "definition", "offset": [219, 231]}, {"key": "product-or-service", "type": "definition", "offset": [267, 285]}, {"key": "we-provide", "type": "clause", "offset": [291, 301]}], "size": 5, "hash": "00ad4ae6c66b2b4153536d081439fd84", "id": 3}, {"samples": [{"hash": "e0OWBo2vsUQ", "uri": "/contracts/e0OWBo2vsUQ#execution-only", "label": "Distributor Empanelment Agreement", "score": 25.71321013, "published": true}, {"hash": "4BE7Dcb65JW", "uri": "/contracts/4BE7Dcb65JW#execution-only", "label": "Distributor Empanelment Agreement", "score": 25.6379192334, "published": true}], "snippet": "Where the transactions are not booked as \u2018advisory\u2019, it shall be categorized as \u2018Execution Only\u2019 and the following need to be followed:\ni. The distributor has information to believe that the transaction is not appropriate for the customer, a written communication be made to the investor regarding the unsuitability of the product and such communication shall have to be duly acknowledged and accepted by investor.\nii. A customer confirmation to the effect that the transaction is \u2018execution only\u2019 notwithstanding the advice of inappropriateness from that distributor be obtained prior to execution of the transaction.\niii. That on all such \u2018execution only\u2019 transaction, the customer is not required to pay the distributor anything other than the standard flat transaction charge as per the Scheme Information Document of the Fund.", "snippet_links": [{"key": "the-transactions", "type": "clause", "offset": [6, 22]}, {"key": "the-distributor", "type": "definition", "offset": [139, 154]}, {"key": "for-the-customer", "type": "clause", "offset": [222, 238]}, {"key": "written-communication", "type": "clause", "offset": [242, 263]}, {"key": "the-investor", "type": "definition", "offset": [275, 287]}, {"key": "the-product", "type": "clause", "offset": [319, 330]}, {"key": "by-investor", "type": "clause", "offset": [402, 413]}, {"key": "customer-confirmation", "type": "definition", "offset": [421, 442]}, {"key": "notwithstanding-the", "type": "definition", "offset": [498, 517]}, {"key": "prior-to", "type": "definition", "offset": [580, 588]}, {"key": "execution-of-the-transaction", "type": "clause", "offset": [589, 617]}, {"key": "to-pay", "type": "clause", "offset": [700, 706]}, {"key": "the-standard", "type": "clause", "offset": [743, 755]}, {"key": "transaction-charge", "type": "clause", "offset": [761, 779]}, {"key": "information-document", "type": "clause", "offset": [798, 818]}, {"key": "the-fund", "type": "clause", "offset": [822, 830]}], "size": 3, "hash": "03b4fd554b6d4d041cc36c92be906148", "id": 8}, {"samples": [{"hash": "lwq3Wtl4YDA", "uri": "/contracts/lwq3Wtl4YDA#execution-only", "label": "Terms of Use", "score": 35.6922012567, "published": true}, {"hash": "2XmYr7Rpqm8", "uri": "/contracts/2XmYr7Rpqm8#execution-only", "label": "Terms of Use", "score": 35.0172137657, "published": true}], "snippet": "We shall not provide you with any advice in connection with the Services (such as, whether to proceed or not to proceed with a Contract and in respect of timing). We may provide market information, but this shall not constitute investment advice. We cannot accept responsibly for your decision to enter into a Contract. Any decision to transact is your decision and we will not be liable for any loss or opportunity loss if exchange rates move before or after you transact. You agree that you will use Contracts in connection with your lawful future payment needs and not for any speculative or investment purpose. We may decline to deal with you if we have reason to believe that you are using any Contract or the Services for investment or speculative purposes and we may Close Out a Contract in accordance with Section 7 of this Schedule.", "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [41, 59]}, {"key": "the-services", "type": "definition", "offset": [60, 72]}, {"key": "in-respect-of", "type": "clause", "offset": [140, 153]}, {"key": "market-information", "type": "clause", "offset": [178, 196]}, {"key": "investment-advice", "type": "clause", "offset": [228, 245]}, {"key": "to-enter", "type": "definition", "offset": [294, 302]}, {"key": "any-loss", "type": "definition", "offset": [392, 400]}, {"key": "exchange-rates", "type": "clause", "offset": [424, 438]}, {"key": "you-agree", "type": "clause", "offset": [474, 483]}, {"key": "use-contracts", "type": "clause", "offset": [498, 511]}, {"key": "future-payment", "type": "clause", "offset": [543, 557]}, {"key": "investment-purpose", "type": "definition", "offset": [595, 613]}, {"key": "reason-to-believe", "type": "definition", "offset": [658, 675]}, {"key": "services-for", "type": "clause", "offset": [715, 727]}, {"key": "speculative-purposes", "type": "clause", "offset": [742, 762]}, {"key": "close-out", "type": "clause", "offset": [774, 783]}, {"key": "in-accordance-with-section-7", "type": "clause", "offset": [795, 823]}], "size": 3, "hash": "451dece49dea5335efc8b4172355677a", "id": 9}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdleGVjdXRpb24tb25seSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Execution Only", "children": [["we-do-not-offer-tax-advice-to-clients", "We do not offer tax advice to clients"], ["please-therefore", "Please therefore"]], "size": 83, "parents": [["no-advice", "No Advice"], ["right-to-cancel", "Right to Cancel"], ["risk", "Risk"], ["and-advice", "And Advice"], ["time-of-essence", "Time of Essence"]], "id": "execution-only", "related": [["execution-of-agreements", "Execution of Agreements", "Execution of Agreements"], ["execution-of-agreement", "Execution of Agreement", "Execution of Agreement"], ["fax-execution", "Fax Execution", "Fax Execution"], ["right-execution-and-countersignature", "Right Execution and Countersignature", "Right Execution and Countersignature"], ["execution-and-incorporation-of-terms", "Execution and Incorporation of Terms", "Execution and Incorporation of Terms"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": ["What essential elements must be included in an 'Execution Only' clause to ensure enforceability?", "How can parties strategically limit liability through the scope of an 'Execution Only' clause?", "What are the most common legal pitfalls or fatal flaws in drafting 'Execution Only' provisions?", "How do courts typically interpret and test the validity of 'Execution Only' clauses in disputes?", "How does the treatment of 'Execution Only' clauses differ across key jurisdictions or under different regulatory regimes?"], "drafting_tip": "Specify the services as 'execution only' to prevent implied advisory duties; clarify no advice is given to limit liability; require client acknowledgment to evidence understanding.", "explanation": "The 'Execution Only' clause defines that the service provider will act solely on the instructions of the client without offering advice or recommendations. In practice, this means the provider simply carries out transactions or tasks as directed, such as executing trades or processing orders, without assessing their suitability or appropriateness for the client. This clause is essential for clarifying that the client bears responsibility for their decisions, thereby limiting the provider's liability and ensuring both parties understand the scope of the provider's obligations."}, "json": true, "cursor": ""}}