Fraud Liability Clause Samples
The Fraud Liability clause defines the responsibility of parties in the event that fraudulent activity occurs in connection with the agreement. Typically, this clause specifies which party will bear the losses or damages resulting from fraud, and may outline procedures for reporting and investigating suspected fraudulent acts. Its core function is to allocate risk and clarify accountability, ensuring that parties understand their obligations and protections if fraud is discovered.
Fraud Liability. See the “Check and ACH Fraud” section for details about your liability if you choose not to obtain or implement this Service.
Fraud Liability. If our investigation shows that a Transaction reported by you as unauthorised or incorrectly executed was in fact authorised by you or correct, or you have acted fraudulently or with gross negligence (for example, by failing to keep your security information secure), or you performed a Transaction by using the Software flaws, WorldSec may, in its sole discretion, cancel the Transaction and restore your Account to the state it would have been if the Transaction had not taken place, and/or terminate this Agreement, close your Account, and deny you from using the Services in the future. In the event of a debt arising on an account that is directly related to confirmed cases of fraud, WorldSec has the right to use the balance of funds on such account for the purpose of repayment of the debt. Depending on the particular circumstances, WorldSec may decide to submit information about the Transaction and your related activities to the relevant state authorities for further investigation.
Fraud Liability. If our investigation shows that a Transaction reported by you as unauthorised or incorrectly executed was in fact authorised by you or correct, or you have acted fraudulently or with gross negligence (for example, by failing to keep your security information secure), or you performed a Transaction by using the Software flaws, WorldSec may, in its sole discretion, cancel the Transaction and restore your Account to the state it would have been if the Transaction had not taken place, and/or terminate this Agreement, close your Account, and deny you from using the Services in the future. Depending on the particular circumstances, WorldSec may decide to submit information about the Transaction and your related activities to the relevant state authorities for further investigation.
Fraud Liability. Sprint will track and process any credits requested by Qwest and associated with suspected and definitive Cloning Fraud, only if the Cloning Fraud exceeds a minimum threshold of $1,000 in the aggregate during any single billing cycle.