Common use of LIABILITY SHIFT Clause in Contracts

LIABILITY SHIFT. 9.1 If you have complied with all your procedures as set out in this Agreement, then the liability for any resultant chargebacks will shift from you to the issuing bank. 9.2 If you do not follow your procedures as set out in this Agreement, the liability for any resultant chargeback will shift from the issuing bank to you and you will be liable for these chargebacks.

Appears in 2 contracts

Sources: Merchant Agreement, Merchant Agreement